Jump to content

Welcome to the new Traders Laboratory! Please bear with us as we finish the migration over the next few days. If you find any issues, want to leave feedback, get in touch with us, or offer suggestions please post to the Support forum here.

  • Welcome Guests

    Welcome. You are currently viewing the forum as a guest which does not give you access to all the great features at Traders Laboratory such as interacting with members, access to all forums, downloading attachments, and eligibility to win free giveaways. Registration is fast, simple and absolutely free. Create a FREE Traders Laboratory account here.

Recommended Posts

Decreasing black volume Case A followed by an internal formation with Increasing Red volume on second bar (last bar in examples) of internal formation.No fan of the up rtl of the case A due to the fbp's and eh's second bar(last bar in their examples) being red.hth

5aa71191e9493_decblvolcaseAincredinternalformation.JPG.16ba933d100b546ba53778ac042c1d84.JPG

Share this post


Link to post
Share on other sites

Keeping it simple here is friday 12-21-12 with the two bar cases annotated(except internal formations with decreasing volume on second bar).Ask yourself do you really see each and every 2 bar case no matter what the colors are of the bars? Are you annotating at this basic level correctly? hth

5aa711943c698_12-21-12twobarsannotated.thumb.png.8661e59bba7e40bad0b6bf2af22b3c50.png

Share this post


Link to post
Share on other sites

Here is a simple suggestion on how to "see" and practice annotating the 2 bar cases.In your charting platform turn off the open and close of each bar.Instead of using bar graph type OHLC(open,high,low,close) just use HL(high,low).Focus on correctly annotating each case.Notice how the market forms the 2 bar cases using different colors.Annotate the 2 bar cases till you see them in your sleep.Then when you return to OHLC you will still "see" each 2 bar correctly and be able to annotate them.Attached is 12-21-12 HL.hth

5aa7119473525_12-21-12HL.thumb.png.029a798d571228e5dc03f9825096acb0.png

Share this post


Link to post
Share on other sites
The attached picture shows my opinion.

Hi SK0,

 

How do you define your XB? Please see the attachment. TIA

 

Q1.JPG.ef3a0ef94f253a378b5b5e9756704f19.JPG

Edited by NYCMB
Adding attachment

Share this post


Link to post
Share on other sites
Hi SK0,

 

How do you define your XB? Please see the attachment. TIA

 

Translation Black is defined as the high and low of "1st bar" in the picture higher than the high and low of "prior bar". It indicates that the price sentiment (tape level) of "1st bar" relative to "prior bar" is long. Open and close are not considered.

 

So....before you know how to annotate on "2nd bar", before you collect the data of "2nd bar", there is a bare minimum of "context" you must form first. What is the price sentiment (tape level) of "1st bar"? Price sentiment is not only long and short, but also include unknown (inside bar or lateral formation). Is the volume of "1st bar" higher or lower than that of "prior bar"? Is the price sentiment dominant (aka increasing volume) or non-dominant (aka decreasing volume)? If dominant, is it X2X or 2X? Last, do you have a change of price sentiment occurred on "1st bar"? A change of price sentiment means ftt at tape level.

 

I know what you are thinking. Personally, I believe that the data of two pairs of adjacent price volume bars are NOT sufficient to annotate presently in particular the non-translation cases. One may get it right sometimes but not all of the time. The best is to annotate at tape level with nothing but the classic principles of the "Pattern" using PRV or 3-min, 2-min or OTR chart whichever make you comfortable. Best of all, there is no new, complicated rules to internalize.

 

Merry Christmas.

Share this post


Link to post
Share on other sites

I think we are making a lot of progress with this thread. There has been a great deal of information shared over the last couple months which has been priceless. For everyone that has been participating I cannot thank you enough. I wish everyone a Happy Holidays, and am looking forward to the New Year.

Share this post


Link to post
Share on other sites
I think we are making a lot of progress with this thread. There has been a great deal of information shared over the last couple months which has been priceless. For everyone that has been participating I cannot thank you enough. I wish everyone a Happy Holidays, and am looking forward to the New Year.

 

Happy Holidays to you too!

Share this post


Link to post
Share on other sites

In the attached chart from jbarnby, assuming it is correct, we see a down traverse.

Let's try to analyse this thing, part by part. I'll apply everything here I have learned from Spyder, Jack and others, but don't assume anything I write is correct.

As it's a down traverse, so the first thing we want look for is R2R.

 

The earlyest that a R2R can occur here, is starting from bar 10. As such, I've annotated the attached chart to reflect this. Do note that I "merge" internals (except laterals). For example, I see bar 1 and bar 2 as a single bar. This implies that bar 3 no longer has increasing volume.

 

The following few bars are the 2B, as can be seen in the chart.

 

Next thing: 2R. The next bars start 2R. We draw the traverse, but we have a ve(tape) and a VE(traverse), whom both close outside their corresponding containers. I think this event implies that the traverse is not yet done. We need to shift the fractals. In other words, the traverse becomes the tape.

traversePart1.thumb.png.ec6685ac05b0008cac206aebb5b6ee9e.png

Share this post


Link to post
Share on other sites
The attached picture shows my another opinion.

 

SK0 in post #3668 you stated that "if I know 1st bar is XR,I do not need to consider prior bar (& the annotation). I know sentiment change occurs when 2nd bar is of any type of Inside Bar of Increasing Volume,Black or Red." See the attached three bars from 12-26-12 ES.Bar 74/75 is XR (case B) on Increasing red volume.Bar 75/76 is "Inside bar" (fbp) on Increasing black volume.Market then continued down(see second attachment).Could you please comment on this example?

5aa71194d15e9_irvcaseBibvcaseF.thumb.png.f65a69c5084ae176088b9ec732b572b8.png

5aa71194d9e1f_irvcaseBibvcaseFcontinued.thumb.png.cb5e0acb791a286c65b415154afe2c78.png

Edited by patrader

Share this post


Link to post
Share on other sites
In the attached chart from jbarnby, assuming it is correct, we see a down traverse.

Let's try to analyse this thing, part by part. I'll apply everything here I have learned from

Next thing: 2R. The next bars start 2R. We draw the traverse, but we have a ve(tape) and a VE(traverse), whom both close outside their corresponding containers. I think this event implies that the traverse is not yet done. We need to shift the fractals. In other words, the traverse becomes the tape.

 

Looks to me like you're missing an important piece about fractals and the relationship of faster fractals to slower fractals. I'll try to post a new chart or two within the next week.

Share this post


Link to post
Share on other sites
In the attached chart from jbarnby, assuming it is correct, we see a down traverse.

Let's try to analyse this thing, part by part. I'll apply everything here I have learned from Spyder, Jack and others, but don't assume anything I write is correct.

As it's a down traverse, so the first thing we want look for is R2R.

 

The earlyest that a R2R can occur here, is starting from bar 10. As such, I've annotated the attached chart to reflect this. Do note that I "merge" internals (except laterals). For example, I see bar 1 and bar 2 as a single bar. This implies that bar 3 no longer has increasing volume.

 

The following few bars are the 2B, as can be seen in the chart.

 

Next thing: 2R. The next bars start 2R. We draw the traverse, but we have a ve(tape) and a VE(traverse), whom both close outside their corresponding containers. I think this event implies that the traverse is not yet done. We need to shift the fractals. In other words, the traverse becomes the tape.

 

Here is my attempt at this.

 

With Bar 1 and 2 I would not go as far as to make an assumption that they are a single bar. It does happen to work in this case because you know the prior trend was B2B 2R(Bar 1-6), 2B. When people mention to view these as pairs I believe its because you wait until the next bar, or the following bars for a continuation or change confirmation. Look at Bar 7, that is what I mean by a continuation. Increasing black, bullish formation(bar 6-7). Bar 8, wait, bar 9, increasing volume PRV price increasing, continuation, look for peak volume. Bar 10 Peak volume, Bar 10-11 (this is why I do not think of them as one bar. Bar 11 is where you can first see a potential R2R shift. Bar 12 confirms with increasing Red volume). R2R(Bar 10-12, on Tape fractal. Notice how its not labeled that way in the chart, but that is the way I would label it. Though Jbarnby has had more success than me with so there is probably a reason its labeled that way. If you look at my charts I make mistakes, leave out annotations at times, mess up some annotations real time, that happens when your in the rhythm. Aside from that, if you look at all our charts they may looks very similar but rarely are any exactly the same). R2R(bar 10-12) 2B(bar 12-14), 2R(bar 14-17). Then the rest is a continuation of 2R, with VEs that tell you to steepen the channel. Which I believe also tells you to start looking closely for the FTT, and B2B/R2R change. Often I see, a VE with another VE or retrace. It gets tricky at this point especially mid-day at lower volume levels. Look at Bar 34-36. That is where you get those tricky modified PT3s.

 

The Tape never becomes the Traverse, that is the wrong way to think about it. The Tape and Traverse are separate building blocks. How you could view it imo, is the Traverse has overlap on the Tape's fractal on both price and volume. It starts with Fastest Fractal formations, they build Tapes, which build Traverses.

 

When the Tapes VE they can widen the Traverse channel, in which case you will see overlap in the price pane. Trends Overlap.

 

I hope this helps. If I am off someone please correct me : )

Share this post


Link to post
Share on other sites
Here is my attempt at this.

 

With Bar 1 and 2 I would not go as far as to make an assumption that they are a single bar. It does happen to work in this case because you know the prior trend was B2B 2R(Bar 1-6), 2B. When people mention to view these as pairs I believe its because you wait until the next bar, or the following bars for a continuation or change confirmation. Look at Bar 7, that is what I mean by a continuation. Increasing black, bullish formation(bar 6-7). Bar 8, wait, bar 9, increasing volume PRV price increasing, continuation, look for peak volume. Bar 10 Peak volume, Bar 10-11 (this is why I do not think of them as one bar. Bar 11 is where you can first see a potential R2R shift. Bar 12 confirms with increasing Red volume). R2R(Bar 10-12, on Tape fractal. Notice how its not labeled that way in the chart, but that is the way I would label it. Though Jbarnby has had more success than me with so there is probably a reason its labeled that way. If you look at my charts I make mistakes, leave out annotations at times, mess up some annotations real time, that happens when your in the rhythm. Aside from that, if you look at all our charts they may looks very similar but rarely are any exactly the same). R2R(bar 10-12) 2B(bar 12-14), 2R(bar 14-17). Then the rest is a continuation of 2R, with VEs that tell you to steepen the channel. Which I believe also tells you to start looking closely for the FTT, and B2B/R2R change. Often I see, a VE with another VE or retrace. It gets tricky at this point especially mid-day at lower volume levels. Look at Bar 34-36. That is where you get those tricky modified PT3s.

 

The Tape never becomes the Traverse, that is the wrong way to think about it. The Tape and Traverse are separate building blocks. How you could view it imo, is the Traverse has overlap on the Tape's fractal on both price and volume. It starts with Fastest Fractal formations, they build Tapes, which build Traverses.

 

When the Tapes VE they can widen the Traverse channel, in which case you will see overlap in the price pane. Trends Overlap.

 

I hope this helps. If I am off someone please correct me : )

 

I think you are overlooking the basics.

 

The 1 is the FTT of the previous up move. A R2R goes from a pt1 to pt2. How do you see bar 10-12 as the R2R?

 

Corey had a chart that showed the the above.

 

HTH

Share this post


Link to post
Share on other sites
SK0 in post #3668 you stated that "if I know 1st bar is XR,I do not need to consider prior bar (& the annotation). I know sentiment change occurs when 2nd bar is of any type of Inside Bar of Increasing Volume,Black or Red." See the attached three bars from 12-26-12 ES.Bar 74/75 is XR (case B) on Increasing red volume.Bar 75/76 is "Inside bar" (fbp) on Increasing black volume.Market then continued down(see second attachment).Could you please comment on this example?

 

I am not an achieved and wholly JHM student as I don't depend on geometry very much except for the obvious cases. So I would have a hard time to "comment" from your perspective.

 

I have written a brief note on how I see the last 15 bars on 12/26/2012. If it confuses you, just drag the file into the trash bin.

 

Good trading.

12262012.txt

5aa71195d7832_ES03-13(5Min)26_12_2012SK0.thumb.jpg.e3f29d8b3e27fd579e05bd5b41e052f6.jpg

5aa71195dda19_ES03-13(1Min)26_12_2012SK0.thumb.jpg.31fbe0752423985cfde6f6abea42d7bf.jpg

Share this post


Link to post
Share on other sites
I am not an achieved and wholly JHM student as I don't depend on geometry very much except for the obvious cases. So I would have a hard time to "comment" from your perspective.

 

I have written a brief note on how I see the last 15 bars on 12/26/2012. If it confuses you, just drag the file into the trash bin.

 

Good trading.

Hi SK0,

 

Is my chart coorrect regarding to Dominance and Non-dominance based on slope?

DomNonDom.jpg.4e55bdad47f7383b3e5c6fcd535f919b.jpg

Share this post


Link to post
Share on other sites

Attached is my annotation for bar 74-76 on 12-26-12 ES.I have broken the three bars down into pieces how i would annotate it.The first 2 bars form a case B which i annotate.Then the last 2 bars form a case F(fbp) which i annotate.Notice how the fbp is annotated with downward sloping trendlines even though the second bar of the fbp is a black bar.This is a purely mechanical annotation simply because its a case F(fbp).The second bar of the case F can be either red or black and the annotation is the same.Next i show the annotations of each case combined.Finally i show a "merged" version of the two cases together.So how does this benefit us to annotate the cases? Can each annotation give us insight into the market's latest movement.How does the annotation of internal formations fit into all this? Notice if you only annotate the case B(see attachment) a trader may misinterpret the close outside the case B's rtl on increasing black volume as a change in trend.If the case F is annotated there is no close outside the rtl because you use the top of the fbp to annotate the rtl.The market would need at least another bar to close outside the case F's rtl.I have found annotating the cases combined with the overall read of the trend to be indispensable.The purpose of posting all the different combinations of cases was in the hope others may find value thru the refinement of annotating the cases.hth

5aa7119620a89_irvcaseBplusibvcaseFannotated.thumb.JPG.b2f61d7561e2f9bf52e1e5ab07014434.JPG

5aa711962801a_irvcaseBibvcaseF.thumb.png.5ae508bd7322710af5b9a31aeaa7a2dd.png

Share this post


Link to post
Share on other sites
Bar closing at left of LTL (see Jack Hershey).

 

 

Thanks, I don't read Jacks writings. Too difficult to understand.

 

Spyder never had VE zones. He would use the previous pt3 as a new pt1 and would create a faster container.

 

Trading FTT to FTT would not be possible with VE zones, since there are no FTT's only VE's

Share this post


Link to post
Share on other sites
Guest
This topic is now closed to further replies.

  • Topics

  • Posts

    • AMZN Amazon stock, nice buying at the 187.26 triple+ support area at https://stockconsultant.com/?AMZN
    • DELL Dell Technologies stock, good day moving higher off the 90.99 double support area, from Stocks to Watch at https://stockconsultant.com/?DELL
    • MCK Mckesson stock, nice trend and continuation breakout at https://stockconsultant.com/?MCK
    • lmfx just officially launched their own LMGX token, Im planning to grab a couple of hundred and maybe have the option to stake them. 
    • Date: 2nd April 2025.   Market on Edge: Tariff Announcement and Volatility Ahead!   The US economic and employment data continues to deteriorate with the job vacancies figures dropping to a 5-month low. In addition to this, the IMS Manufacturing PMI also fell below expectations. However, both the US Dollar and Gold declined simultaneously following the release of the two figures, an uncommon occurrence in the market. Traders expect a key factor to be today’s ‘liberation day’ where the US will impose tariffs on imports. USDJPY - Traders Await Tariff Confirmation! Traders looking to determine how the USDJPY will look today will find it difficult to determine until the US confirms its tariff plan. Today is the day when Trump previously stated he would finalize and announce his tariff plan. The administration has not yet released the policy, but investors expect it to be the most expansionary in a century. President Trump is due to speak at 20:00 GMT. On HFM's Calendar the speech is stated as "US Liberation Day Tariff Announcement". Currently, analysts are expecting Trump’s Tariff Plan to impose tariffs on the EU, chips and pharmaceuticals later today as well as reciprocal tariffs. Economists have a good idea of how these tariffs may take effect, but reciprocal tariffs are still unspecified. In addition to this, 25% tariffs on the car industry will start tomorrow. The tariffs on the foreign cars industry are a factor which will particularly impact Japan. Although, traders should note that this is what is expected and is not yet finalised. Last week, President Trump stated that he would implement retaliatory tariffs but allow exemptions for certain US trade partners. Treasury Secretary Mr Bessent and National Economic Council Director Mr Hassett suggested that the restrictions would primarily target 15 countries responsible for the bulk of the US trade deficit. However, yesterday, Trump contradicted these statements, asserting that additional duties would be imposed on any country that has implemented similar measures against US products. The day’s volatility will depend on which route the US administration takes. The harshness of the policy will influence both the Japanese Yen as well as the US Dollar.   USDJPY 5-Minute Chart   US Economic and Employment Data The JOLT Job Vacancies figure fell below expectations and is lower than the previous month’s figure. The JOLT Job Vacancies read 7.57 million whereas the average of the past 6 months is 7.78 million. The ISM Manufacturing Index also fell below the key level of 50.00 and was 5 points lower than what analysts were expecting. The data is negative for the US Dollar, particularly as the latest release applies more pressure on the Federal Reserve to cut interest rates. However, this is unlikely to happen if the trade policy ignites higher and stickier inflation. In the Bank of Japan’s Governor's latest speech, Mr Ueda said that the tariffs are likely to trigger higher inflation. USDJPY Technical Analysis Currently, the Japanese Yen Index is the worst performing of the day while the US Dollar Index is more or less unchanged. However, this is something traders will continue to monitor as the EU session starts. In the 2-hour timeframe, the USDJPY is trading at the neutral level below the 75-bar EMA and 100-bar SMA. The RSI and MACD is also at the neutral level meaning traders should be open to price movements in either direction. On the smaller timeframes, such as the 5-minute timeframe, there is a slight bias towards a bullish outcome. However, this is only likely if the latest bearish swing does not drop below the 200-Bar SMA.     The key resistant level can be seen at 150.262 and the support level at 149.115. Breakout levels are at 149.988 and 149.674. Key Takeaway Points: Job vacancies hit a five-month low, and the ISM Manufacturing PMI missed expectations, adding pressure on the Federal Reserve regarding interest rate decisions. Traders await confirmation on Trump’s tariff policy, which is expected to impact the EU, chips, pharmaceuticals, and foreign car industries. The severity of the tariffs will influence both the JPY and the USD, with traders waiting for final policy details. The Japanese Yen Index is the worst index of the day while the US Dollar Index is unchanged. Always trade with strict risk management. Your capital is the single most important aspect of your trading business.   Please note that times displayed based on local time zone and are from time of writing this report.   Click HERE to access the full HFM Economic calendar.   Want to learn to trade and analyse the markets? Join our webinars and get analysis and trading ideas combined with better understanding of how markets work. Click HERE to register for FREE!   Click HERE to READ more Market news.   Michalis Efthymiou HFMarkets   Disclaimer: This material is provided as a general marketing communication for information purposes only and does not constitute an independent investment research. Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of buying or selling of any financial instrument. All information provided is gathered from reputable sources and any information containing an indication of past performance is not a guarantee or reliable indicator of future performance. Users acknowledge that any investment in Leveraged Products is characterized by a certain degree of uncertainty and that any investment of this nature involves a high level of risk for which the users are solely responsible and liable. We assume no liability for any loss arising from any investment made based on the information provided in this communication. This communication must not be reproduced or further distributed without our prior written permission.
×
×
  • Create New...

Important Information

By using this site, you agree to our Terms of Use.