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

Those interested in using The Automated Gap Removal Tool will need to contact the friendly folks over at Genesisft.com in order to have their account flagged once The Automated Gap Removal Tools comes out of Beta Testing.

 

- Spydertrader

 

Hi Spydertrader

 

I know we have to move Gap for ES (or YM) trading. Is it suggested to move Gap for equities trading? TIA

Share this post


Link to post
Share on other sites

if you think the market is fractual good luck with that, volume does not always show show trend, volume can and does lessen in strong trend moves just the same as high volume no price.

 

thanks

Share this post


Link to post
Share on other sites
if you think the market is fractual good luck with that, volume does not always show show trend, volume can and does lessen in strong trend moves just the same as high volume no price.

 

thanks

 

both possibly indicating a change in trend?

 

decreasing volume and increasing price = change.

increasing volume decreasing price (velocity)= FTT.

Edited by entelechy

Share this post


Link to post
Share on other sites

I'll chime in with a response to treeline and NYCMB's questions.

http://www.traderslaboratory.com/forums/34/price-volume-relationship-6320-160.html#post91418

 

I'm sorry that I didn't respond earlier, but I had personal things I needed to take care of this past week. First of all, as treeline wrote the line weights and numbering on my chart imply that I viewed those several thin weight guassian trends in question as being on the same fractal. I suppose the confusion arises from one not seeing a full volume cycle in those cases. Let me propose a different way of looking at things. This will give you insight into why I annotated this area the way I did.

 

1. Volume cycles always complete across all fractals.

2. The market's volume cycles are not bound to the bar duration that we choose.

3. Therefore, the volume cycles don't always "look" like we think they should look like. Even though two volume cycles are on the same fractal one might exhibit the traditional "look" and the other might not.

4. If we can differentiate what the volume cycle "looks" like in these varying situations we can arrive at certainty in real-time (with just our ES 5 min chart).

 

So here is my rationale behind the first two containers of the day (11/24) that are in question. Let's call the thin green container from 11/23 16:00 to 11/24 10:00 “thin green 3 container” (the third move of the medium weight trend) and the thin brown container from 11/24 10:00 to 10:25 “thin brown 4 container” (the fourth move of the medium weight trend).

 

thin green 3 container:

I see a volume trough at 11/23 16:10 and a volume peak at 11/24 9:35 which gives me a thin weight b2b. Next we have an IBGS bar (11/24 9:40) and an EH bar (11/24 9:45) on decreasing volume which gives us our 2r. Finally we have our increasing volume peak at 9:50 giving us our 2b. Is the problem that you don't see a red bar in the price pane or volume pane to draw in the 2r like you would think you should have? Because of the fixed bar duration you might not see any red in the IBGS bar, but it surely must be there. Likewise I see red volume in the EH bar as price at some point travelled down to the low of the previous bar. It just so happens that it closed above the open and the software is coded to color this as a black bar.

 

So if we make an assumption that the thin green 3 container indeed warrants a thin weight guassian cycle, what do we make of the thin brown 4 container? In hindsight, one would have to conclude that a thin weight guassian is warranted for the thin brown 4 container because of the simple fact that the 10:50 bar exceeded the 10:00 bar. Here's why I is see a completed volume cycle in thin brown 4 container even though it doesn't "look" like one would think it should.

 

thin brown 4 container:

There was a 10:00 new homes sales announcement that one should have been aware of. One should anticipate declining volume into the announcement (9:55-10:00) followed by increasing volume at the announcement. We get that on the 10:05 bar giving us our thin weight r2r. Notice that the 10:05 bar had more volume than the highest volume of the thin green 3 container. In my opinion, this is further evidence that the thin brown 4 container is on the same fractal as the thin green 3 container. We went from increasing black to increasing red in the relative peaks between the two containers. I just don’t see the thin green 3 container and thin brown 4 container area as being part of one big thin weight guassian when the 2r is has a higher volume peak than the b2b. However, I would propose that you could see this phenomena across equal weight containers as we make our way, for example, through a typical U shaped volume day. Therefore, I pegged them as being separate volume cycles of equal weight. The next question is where is the 2b of the thin brown 4 container. I view two things happening at once transposed on one another. You have a declining volume from the 83k 10:05 bar mixed with the thin weight volume cycling. The 83k volume news bar could be anticipated to be unsustainable volume wise. One would anticipate declining volume going forward especially since there was a 10:30 crude announcement which we should have a volume trough before. Sometimes the declining volume masks (or dominates) the cycling and we don't see the 2b trough to the 2r peak. What we do see is the 10:15 IBGS bar giving us our 2b. You can also see the volatility compression and then expansion across the 10:05-10:20 bars to see the retrace. One can further take into consideration bar overlap on the 10:10 to 10:20 bars to see the retrace. The 10:20-10:25 bars show price coming off the point three and into the trend. WMCN doesn't come though (increasing red) which indicates change and by implication tells you there was a completed volume sequence. The 10:35 increasing black OB after the crude announcement and the following bars bear out this hypothesis as the 10:50 bar breaks the high of the 10:00 bar.

 

You might agree or disagree with what I wrote, or more importantly the market might agree or disagree with some or all of what I wrote. However, this at least gives an insight into why I drew what I drew on the chart. Hope it helps.

02242010es5min_b.thumb.jpg.e94ae5dd822202e63cdd819de28f1f3b.jpg

Share this post


Link to post
Share on other sites

For those individuals who have an interest in using the Trade Navigator ' Automated Gap Removal Tool' (and the 'Freeze Trend Line Slope' Function) please see the instructions below.

 

Step One

 

Phone Genesis Customer Service and indicate you wish to enable the Spyder String for the Gap removal tool.

 

Step Two.

 

Click the telephone icon located in the upper left corner the Trade Navigator Software.

 

attachment.php?attachmentid=19910&stc=1&d=1268250067

 

Step Three.

 

Within the 'Update Data' Dialog Box, select the 'Download Special File' Option. If not already there, type the word 'Upgrade (without the quotes) into the box. Clcik Start.

 

attachment.php?attachmentid=19911&stc=1&d=1268250067

 

At this point, the Upgrade Process Begins. Once completed (and after Trade Navigator has restarted), move to the next step.

 

Step Four.

 

"Right Click" any chart and choose ' Edit Chart Settings.' Within the 'Chart Settings Dialog Box,' Highlight the word "price" directly under Pane 1. Next, check' 'Remove Overnight Gap' located in the bottom Right Corner of the Dialog Box.

 

attachment.php?attachmentid=19912&stc=1&d=1268250067

 

Click 'OK.'

 

Once completed, the TN Software will automatically remove all overnight gaps enabling each day's opening print to occur exactly at the previous day's (16:15) closing price.

 

Also, to use the 'Freeze Slope' Function, simply grap the end of any trend line while holding down the 'Control (CTRL) Key' on your keyboard. Doing so will allow any trader to lengthen (or shorten) any trend line without changing the slope of the trend line itself (remains exactly as annotated).

 

HTH.

 

- Spydertrader

icon.jpg.39312d4218dd5f2164ebfaf609b48786.jpg

Download.jpg.070c82895e12cd6a57c52a83de12c327.jpg

check.jpg.fab674411206893ee3eefbdadfa710f4.jpg

Edited by Spydertrader
Formatting

Share this post


Link to post
Share on other sites

Just a Quick note for those who may have already read my previous post. I have edited the post instuctions in order to have 'Calling Genesis' appear now as Step One - instead of Step Four.

 

HTH.

 

- Spydertrader

Share this post


Link to post
Share on other sites
Once completed, the TN Software will automatically remove all overnight gaps enabling each day's opening print to occur exactly at the previous day's (16:15) closing price.

 

Also, to use the 'Freeze Slope' Function, simply grap the end of any trend line while holding down the 'Control (CTRL) Key' on your keyboard. Doing so will allow any trader to lengthen (or shorten) any trend line without changing the slope of the trend line itself (remains exactly as annotated).

 

HTH.

 

- Spydertrader

 

The tools work great. The charts are so much cleaner than when using the copy pattern tool.

 

One little glitch when using the freeze slope tool. It works fine for trend lines. But if you use TN's trend channel, sometimes the channel will rotate at a fast rate, instead of extending/shortening. If it does that use the end of the other trend line instead.

 

There's no rhyme or reason, sometimes the LTL does it, sometimes the RTL. And it's not the top or bottom one consistently. Couldn't nail down any consistent pattern. So if grabbing one line is a problem, use the other.

Share this post


Link to post
Share on other sites

Wednesday, March 10, 2010

 

Today's chart attached. I focused on marking the volume of all lats as non-dominant. Sorry about the dots in the volume pane. I'll try to remember to remove them from now on.

 

What's the general consensus about acting on signals only at the close of a 5-minute bar? It seems like, due to the nature of the market and the ability to trade on various fractal levels, one could find a fractal level where acting on the close of a 5-minute would be acceptable/profitable. If that is the case, I'd like to find out if that acceptable fractal level is the "traverse level", i.e., where I would not be trading RTL or LTR movements within tapes, but the RTL or LTR tapes themselves of the next higher fractal. (Please note that I'm not saying that I would enter and exit only on tape breakouts.) Sorry if this is confusing. It's difficult to explain. Thanks for any advice.

5aa70fe439b76_ES03-103_10_2010(5Min).thumb.jpg.c8762448fa38d6974e04de6c6b0f7873.jpg

Share this post


Link to post
Share on other sites

This is a follow up to a question I asked Spyder privately about picking off gaussian transitions. I've written up a "literal" bar by bar gaussian log for that trend that started at 15:30 on 3/9 and ended at 11:05 on 3/10

 

(all times end of bar eastern)

 

I've identified a few problem areas - and I'm looking for clarity.

 

At 16:05 we've seen B2B 2R 2B. OK - no prob!

 

16:10 - 16:15 looks like falling black - rising red - which doesn't fit into our "mold" :) so I'm not sure what to do with it.

 

Then we get a rising black followed by a bunch of falling black. Again - not sure how to fit this into our mold. Falling black *always* happens after rising red - is it possible that 16:15 to 10:00 is a down volume sequence? Price is definitely rising over that period so it's hard to "accept" that. There is also no completing 2R.

 

10:05 - 10:40 looks like 2B 2R 2B - there isn't an initial B to make B2B.

 

10:45 - 11:05 completely confuses me :)

 

15:30 - IBGS - red to black volume shift

15:35 - falling black

15:40 - rising black

15:45 - rising black

15:50 - falling red

15:55 - rising black

16:00 - ???

16:05 - rising black

 

16:10 - falling black

16:15 - rising red

9:35 - rising black

9:40 - falling black

9:45 - falling black

9:50 - falling black

9:55 - falling red

10:00 - IBGS

 

10:05 - rising black

10:10 - rising black

10:15 - rising black

10:20 - falling red

10:25 - falling red

10:30 - falling black

10:35 - rising black

10:40 - ???

 

10:45 - falling red

10:50 - rising red

10:55 - falling black

11:00 - falling red

11:05 - rising black

 

Comments appreciated

Share this post


Link to post
Share on other sites

Today's chart attached.

 

If you have an automated program drawing your tapes on the chart you attached, you might want to re-think the logic used.

 

I focused on marking the volume of all lats as non-dominant.

 

How did that work out for you?

 

What's the general consensus about acting on signals only at the close of a 5-minute bar?

 

I have always provided advice which espoused the wisdom of learning to crawl, walk and run, prior to, learning to fly. However, should one choose to forgo such a conservative approach, one can act on signals from finer level tools before the actual close of an ES Five Minute Bar.

 

It seems like, due to the nature of the market and the ability to trade on various fractal levels, one could find a fractal level where acting on the close of a 5-minute would be acceptable/profitable. If that is the case, I'd like to find out if that acceptable fractal level is the "traverse level"

 

If a trader uses exclusively Coarse Level Tools (i.e. only an ES Five Minute Chart), then trading at the 'Traverse Level' provides the answer you seek.

 

HTH.

 

- Spydertrader

Share this post


Link to post
Share on other sites
I've identified a few problem areas - and I'm looking for clarity.

 

At 16:05 we've seen B2B 2R 2B. OK - no prob!

 

16:10 - 16:15 looks like falling black - rising red - which doesn't fit into our "mold" :) so I'm not sure what to do with it.

Look at the time of day. That's not unusual.

 

Then we get a rising black followed by a bunch of falling black. Again - not sure how to fit this into our mold. Falling black *always* happens after rising red - is it possible that 16:15 to 10:00 is a down volume sequence? No Price is definitely rising over that period so it's hard to "accept" that. There is also no completing 2R. The rising gaussian is drawn to the top of price movement regardless of the volume slowing down, giving a heads up for the short term change.

 

10:05 - 10:40 looks like 2B 2R 2B - there isn't an initial B to make B2B.

There are a lot of B2B2R2B levels "nested" in this up move. 10:00 is a trough of "a" B2B, the third or fourth one.

 

10:45 - 11:05 completely confuses me :)

 

I had trouble here as well, still don't have it worked out.

 

 

Gaussian annotation should go to where the peak or trough of price is. Sometimes volume peaks before or after this, but that's the way to annotate.

Saturo.jpg.5748e3d4d8fb4eb2c12521722e6944a3.jpg

Share this post


Link to post
Share on other sites

16:00 - ???

16:05 - rising black

16:10 - falling black

16:15 - rising red

 

I thought this group of bars was falling red, figuring that the lateral indicated non-dominant movement. I believe I learned this in the Futures Journal. But, based on Spyder's response to my post and Ezzy's response to yours, it seems that I either misunderstood or misapplied what I learned. From my interpretation of Ezzy's response, this appears to be rising black, continuing on until 9:50. Is that correct?[/color]

 

10:00 - IBGS

 

It seems like this bar could have been a retrace, with price continuing lower. I thought increasing volume was a characteristic of IBGS. No? Or maybe you saw it intrabar?

Share this post


Link to post
Share on other sites

Thanks for the reply!

 

If you have an automated program drawing your tapes on the chart you attached, you might want to re-think the logic used.

 

I consider it an "assistant", as Barney Fife as it may be at this moment.

 

I'm experimenting with 1) taping through lats, where I almost always lose the Gaussian pattern, and 2) pausing taping while in lats and resuming after the lats terminate.

 

On this chart, I didn't tape through lats. Otherwise, I thought the tapes were OK. I'm accelerating on increasing volume and fanning on decreasing volume. If I'm not getting this right, I have a feeling I'm in trouble.

 

How did that work out for you?

 

I'm not exactly sure. :rofl:

 

My assessment of marking all lats as non-dominant movement:

1) It seems to work when there are no overlapping lats

2) I need to make sure my Guassians reflect the price action when the lat exits

3) I'm considering price action and Guassians while in a lat to be subfractal

 

If a trader uses exclusively Coarse Level Tools (i.e. only an ES Five Minute Chart), then trading at the 'Traverse Level' provides the answer you seek.

 

Great. I'm quite content to work with Coarse Level Tools and take this one logical step at a time.

Share this post


Link to post
Share on other sites
I thought this group of bars was falling red, figuring that the lateral indicated non-dominant movement. I believe I learned this in the Futures Journal. But, based on Spyder's response to my post and Ezzy's response to yours, it seems that I either misunderstood or misapplied what I learned. From my interpretation of Ezzy's response, this appears to be rising black, continuing on until 9:50. Is that correct?[/color]

 

 

 

It seems like this bar could have been a retrace, with price continuing lower. I thought increasing volume was a characteristic of IBGS. No? Or maybe you saw it intrabar?

 

It's very possible I incorrectly annotated this area and 15:45 to 16:05 is a dec red sequence ending at 16:05. You have to go fine to see this, but there could be an R2R2B2R sequence there. It will really mess with your 5min gaussians if you try to draw that in :D. I didn't annotate a lateral as we didn't have the volume drop off that usually accompanies one. But again that could be an error, end of day volume being questionable. Somewhere between 16:05 and 9:35 is another B2B.

 

However you slice it 9:35 to 9:50 is inc black. Even with volume slowing the cycle is continuing higher.

 

I don't have 10:00 as an IBGS. But they can happen on decreasing volume.

Share this post


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

  • Topics

  • Posts

    • MA Mastercard stock, nice close and bull flag breakout at https://stockconsultant.com/?MA
    • Of course, I had to ask what he thought about AI.   Because if you can make an entire film on a laptop in your bedroom, do we even need Hollywood anymore?   Will’s answer: Yes, AI will take jobs. (Production, sets, background extras, you name it.)   Yes, it will make movies cheaper.   But no, it won’t replace human storytelling.   Because AI doesn’t know why you care.   It can generate dialogue, sure. But can it make you feel? Can it tell the definitive story of your life?   (Well, unless you’re a robot, in which case… congratulations on reading this far.)   Confidence Is a Muscle—Here’s How to Build It   Will brought up something crucial.   Most people wait until they feel confident.   That’s a mistake.   Confidence comes after action.   Not before.   So how do you build it?   Manufacture wins—Set tiny goals. Don’t climb the whole mountain. Just put on your hiking boots. Control your input—Stop giving away your power. Just because someone in authority tells you no, doesn’t mean you stop. Hack your own brain—Every morning, tell yourself what you need to hear. And just like that, you’re training your mind the way an athlete trains their body. By James A.  Profits from free accurate cryptos signals: https://www.predictmag.com/ 
    • Herbert Wigwe's extended family and the kids he left behind are on a warpath.   The war started immediately. Herbert, the benefactor of the warring parties, was buried last year.   What is at the heart of the war is the vast wealth that Herbert left behind.   What are the issues behind the fight between the two parties, and what are the lessons we can learn from the infighting between the two parties?   It is story time.   1) In 2013, Herbert drafted his will and deposited it with a court in the US.   The will was later reviewed in 2015, 9 years before his actual death.   But he did more than a will.   2) A family office called Tengen Family Office was set up in 2017.   What the finance professionals that work for the family office Tengen Family do is simple.   To manage the wealth of the founders of Tengen: Aigboje Aig-Imoukhuede and Herbert Wigwe.   Aigboje Aig-Imoukhuede is the chairman of Access Bank and the co-founder of Access Bank.   AIG and Herbert founded Access Bank together.   Speaking of Aigboje Aig-Imoukhuede, Herbert made him a trustee of the will he drafted in 2013 because he trusted his friend, brother and business partner to manage and protect his interest when he is no more   And AIG has been doing that since Herbert died.   But the conflict is more than AIG and being an enforcer of Herbert will   3) Before he died, Herbert was a wealthy man, a billionaire in naira and a millionaire in dollars.   He was the largest individual shareholder of Access Bank with a 9% shareholding of the bank.   His shares in the bank are worth 125 billion.   To buttress the kind of wealth that Herbert left behind   After his death, his estate received 1.1 billion in dividends last year for the 2024 dividend from Access Bank that would have gone to Herbert if he were to be alive, but the money will now go to Tochi and her younger siblings, and this payment will continue to the estate as long as Access Bank is in existence and profitable.   But he was wealthier than this.   He owns a vast real estate portfolio scattered all over the country.   He also owns the popular Wigwe University.   He built a palatial mansion at Queen Drive, Ikoyi, a palatial house that Herbert did not get to enjoy before he died.   He also owns substantial dollar savings running into millions of dollars in his dollar domiciliary account.   He also owns a private jet as well.   For a man who was this wealthy, he was intentional about his family and their welfare in the event of his passing.   5) In the will that he wrote in 2013, which was reviewed in 2015, he was very clear with what he wanted.   In the event of his death, his wealth should be managed by his estate and the family office, and the profit from the investment should be enjoyed solely by his kids alone.   Not his father, mother, or siblings.   His kids alone and he was clear with this instruction   When the family office was set up in 2017 to manage his wealth and that of his business partner AIG   The same instructions were left by Herbert to the manager of his wealth.   6) In his lifetime, Herbert had a cousin who is a lawyer, Uche Wigwe, and because Uche enjoys his confidence and trust, he made Uche and AIG, his business partner, the trustee of his will.   7) Herbert died last year; he did not see his death coming and was not ready for it.   But he was prepared.   Herbert was a meticulous man in his lifetime and so had a will and a family office to protect his kids regardless of their age and gender.   It is irrelevant that the only remaining heir is a female.   As long as she is Herbert’s kid, acknowledged by him in his lifetime, she is entitled to enjoy the wealth made by her dad.   8. After his interment last year at Isiokpo, his extended family had a brainwave.   Since Herbert, our benefactor, is no more, we can’t allow the kids to enjoy this vast wealth alone.   They're too young to enjoy such a vast wealth, and besides, the oldest of the surviving kids is a 26-year-old, Tochi.   Tochi is a woman, and in their thinking, too young to control what his late dad left behind. The rest of Tochi‘s surviving siblings are younger than her and they are in secondary schools.   The Herbert Wigwe family is accusing Tochi of living a champagne life, which they believe she is too young to enjoy.   Tochi is living alone with the house servants in the palatial mansion on Queen Drive, Ikoyi, that her dad built, which he did not enjoy before he died.   They also accused her of flying private jets and using the private jet that the dad left behind for her local travel.   To regulate this extravagance and more, they are demanding 20% ownership of the estate (wealth) left behind by their late son.   They also demand joint custody of the kids under the supervision of their 90-year-old dad.   9) When the family could not prevail on AIG and Uche Wigwe, the two trustees that are managing Herbert's wealth, to dance to their tune, the case proceeded to the Lagos High Court last year.   Just last week, the case was thrown out by the court for lack of merit.   To the shock of many following the drama, the Wigwe family went to Appeal court to appeal this verdict by Lagos high court.   10) The biggest lesson to take home from this Wigwe soap opera is simple.   Nobody knows when death will come, but as a rich man or woman living in Nigeria, put a proper structure in place to protect your family from the greed of your family who wants to reap where they did not sow.   Write a will.   Establish a family office to manage your wealth.   Appoint trustworthy people you trust as trustees and enforcers of your will.   This is the debt and the duty you owe your kids.   And this is what Herbert has taught us and is the best exemplifier of this. – Attributed Profits from free accurate cryptos signals: https://www.predictmag.com/   
    • The following 10 year backtest was generated by my custom trade-stacking EA dedicated to the GBPJPY forex pair. It stacks profitable trades of different lot sizes, so this MT5 EA can be used in both hedging and netting accounts. As the EA stacks winners, and not losers, the floating profit (green line) floats above the equity (blue line) which indicates low drawdown. This strategy requires starting capital of 500,000 USD for an account that allows standard, mini, and micro lots; or 50,000 USD for an account that allows standard, mini, micro, and cent (nano) lots. The full backtest report is available if you request it. I programmed this EA for a commercial trader who could not get enough capital to use it, so I'm selling licensed versions of it. The MQL5 Market has, for the most part, been banned from doing business in the U.S. so this EA is not posted there. Just shoot me a message if you're interested.
    • BAC Bank Of America stock watch, pullback to the 44.05 gap support area with bullish indicators at https://stockconsultant.com/?BAC
×
×
  • Create New...

Important Information

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