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

Trend line was drawn on the 1m at the point of the arrow, and all 3 touches since then line up perfectly. Nothing special and it happens every day, just goes to show how stupi... I mean, how some traders use lines to make their trading decisions.

 

(j/k trendline guys)

5aa710e4a6156_3-30-20123-38-20PM.png.213e8db3b68dad69450d98c1e56d02e9.png

Share this post


Link to post
Share on other sites

I kept looking for the enemy bt it was ALWAYS me...:crap: I figured I finally got the answer to that one...

 

Holding long 1403.00 stop on balance..looks like dung...

 

I am flat ...enough drama already... I'm still will to bet (not in the market) that we make new highs after cash close but I am done and not going to wait to find out. .

Share this post


Link to post
Share on other sites
Trend line was drawn on the 1m at the point of the arrow, and all 3 touches since then line up perfectly. Nothing special and it happens every day, just goes to show how stupi... I mean, how some traders use lines to make their trading decisions.

 

(j/k trendline guys)

 

What I like about TL's is if you don't like them you can move them... :rofl:

Share this post


Link to post
Share on other sites

BOt 1402.25... right where I had postedfor the rotation...GRR I wish I had waited...

 

GOt out 1404.00 GRR...thoought it might have those stops above but nnnnnnnnoooooooooo !!! :doh:

 

Have a great weekend everyone..

Edited by roztom

Share this post


Link to post
Share on other sites
What I like about TL's is if you don't like them you can move them... :rofl:

 

haha!!

 

Actually, my apparent disdain for trend lines is really more amazement at how effective they sometimes are. The fact that I knew a TL break had occurred kept me from re-entering long, and the fact that it retested the line twice and held told me not to buy again at 03 but to instead wait for 02 for the scalp. So, while I seem to hate them I actually find them useful.

 

What I don't like about them is that they cannot be replicated with accuracy due to any of the following variables:

 

1) whether or not the user shows white space or not between bars

2) RTH / ETH session lines will be different

3) though time-based periodicities often yield similar trendlines (the same line on a 5m or a 60m will usually roughly line up), it will not be the same on non-time-based bar intervals such as volume or range bars

Share this post


Link to post
Share on other sites
BOt 1402.25... right where I had postedfor the rotation...GRR I wish I had waited...

 

Got out 1404.00 still GRRR... thought they'd get the stops above but they had a different playbook today... :helloooo:

 

Have a Great Weekend..

Share this post


Link to post
Share on other sites
haha!!

 

Actually, my apparent disdain for trend lines is really more amazement at how effective they sometimes are. The fact that I knew a TL break had occurred kept me from re-entering long, and the fact that it retested the line twice and held told me not to buy again at 03 but to instead wait for 02 for the scalp. So, while I seem to hate them I actually find them useful.

 

What I don't like about them is that they cannot be replicated with accuracy due to any of the following variables:

 

1) whether or not the user shows white space or not between bars

2) RTH / ETH session lines will be different

3) though time-based periodicities often yield similar trendlines (the same line on a 5m or a 60m will usually roughly line up), it will not be the same on non-time-based bar intervals such as volume or range bars

 

I don't use TL's per se, but the more you watch, the more you notice they are relevant even if you don't use them for entries.

 

What I see is that each rotation tends to exhibit sectional uniformity in trend. Once that has been broken, a new rotation is formed (not necessarily in the opposite direction).

Share this post


Link to post
Share on other sites
haha!!

 

Actually, my apparent disdain for trend lines is really more amazement at how effective they sometimes are. The fact that I knew a TL break had occurred kept me from re-entering long, and the fact that it retested the line twice and held told me not to buy again at 03 but to instead wait for 02 for the scalp. So, while I seem to hate them I actually find them useful.

 

What I don't like about them is that they cannot be replicated with accuracy due to any of the following variables:

 

1) whether or not the user shows white space or not between bars

2) RTH / ETH session lines will be different

3) though time-based periodicities often yield similar trendlines (the same line on a 5m or a 60m will usually roughly line up), it will not be the same on non-time-based bar intervals such as volume or range bars

 

Your list is a decent summary of your ignorance about the (right) trendline.

 

People who do not know that price movement is always contained invariably talk about the trendline in isolation. What they mean is the line that reveals the right side of the container and they leave out the left side.

 

In any case, see if you can understand that you have yet to figure out how to draw a (right) trendline in a way that removes subjectivity. If you can accept that preliminarily, you may be able to see that drawing a right trendline is a matter of selection among finite choices. Gann wasn't the first to discover this but he is probably the most famous.

Share this post


Link to post
Share on other sites
Your list is a decent summary of your ignorance about the (right) trendline.

 

People who do not know that price movement is always contained invariably talk about the trendline in isolation. What they mean is the line that reveals the right side of the container and they leave out the left side.

 

In any case, see if you can understand that you have yet to figure out how to draw a (right) trendline in a way that removes subjectivity. If you can accept that preliminarily, you may be able to see that drawing a right trendline is a matter of selection among finite choices. Gann wasn't the first to discover this but he is probably the most famous.

 

I am curious to see how to draw a (right) trendline in a way that removes subjectivity.

Share this post


Link to post
Share on other sites
I am curious to see how to draw a (right) trendline in a way that removes subjectivity.

 

I've posted numerous charts in this thread and all RTLs in them are nonsubjective. The funny comment previously made that what's likeable about a trendline is that it can be moved if you don't like it is not quite accurate. For me, RTLs cannot be moved; they can only be broken out of and replaced by another RTL.

Share this post


Link to post
Share on other sites
I've posted numerous charts in this thread and all RTLs in them are nonsubjective. The funny comment previously made that what's likeable about a trendline is that it can be moved if you don't like it is not quite accurate. For me, RTLs cannot be moved; they can only be broken out of and replaced by another RTL.

 

Fair enough. When you draw a trendline on a chart in your chosen timeframe, it removes subjectivity for you.

Share this post


Link to post
Share on other sites
Fair enough. When you draw a trendline on a chart in your chosen timeframe, it removes subjectivity for you.

 

It does? If that is indeed your viewpoint, what was the point of your original question?

 

The way I read your statement, it goes beyond what I stated regarding the removal of subjectivity with the mere act of drawing a line on a chart. I'm not necessarily disagreeing with you, but there is the requirement of trust in the line that is usually lacking.

Share this post


Link to post
Share on other sites
It does? If that is indeed your viewpoint, what was the point of your original question?

 

The way I read your statement, it goes beyond what I stated regarding the removal of subjectivity with the mere act of drawing a line on a chart. I'm not necessarily disagreeing with you, but there is the requirement of trust in the line that is usually lacking.

 

In your first post I wasn't sure what you meant by subjectivity since everything we do is subjective and I mistook right for right as in correct instead of the opposite of left.

Share this post


Link to post
Share on other sites
In your first post I wasn't sure what you meant by subjectivity since everything we do is subjective and I mistook right for right as in correct instead of the opposite of left.

 

Speak for yourself, I'm always objective. Cheers. :beer:

Share this post


Link to post
Share on other sites

Globex Sunday 4.1.12. It is always interesting to see the levels which you were targeting for Friday before coming into to play after the weekend.

 

I went long 1408.50 and am targeting 1411.00 ahead of 1411.75 NVPOC.

 

Friday looked very tall in the saddle to me...

 

See you Monday morning..

Share this post


Link to post
Share on other sites

This morning on my first look at the markets, I had an urge to post some preliminary thoughts about it. So, I took a screenshot and contemplated for a while, then annotated a little and was about to post. This illustrates well how it's difficult to post ideas when the market is moving. We have sold lower in between, making my analysis look like it's in hindsight(at least to some extent). You'll have to take my word for it that I was not watching the market at all!!! The thing I was going to point out was that these were my thoughts WAY before market open and so my views could easily change in the meantime. This is why often I try to leave my open post until closer to the open.

 

Anyway, simply put, while the market was higher on Friday after breaking higher on Thursday, Thursday's low was poor and despite the move back up after selling initially on Friday, it wasn't exactly strong in the end. Does this mean today we'll sell off and test 86.25? Maybe, maybe not. Does it mean that the current market undercurrents aren't as strong as the move higher suggests? Probably. But ACH and we watch, we wait and the market shows us the way.

 

Here's the chart I was creating anyway:-

 

attachment.php?attachmentid=28270&stc=1&d=1333357474

2012-04-02.thumb.jpg.df35c9adf6a4eebadb6aeb8eb51e4ab0.jpg

Share this post


Link to post
Share on other sites

By the way, I have noticed a number of guests on the thread recently and unless it's just people who haven't logged in yet I would like to point something out.

 

A big big part of the thread is the charts posted by myself and others. To see the images you must log in. It's really easy to register. It takes virtually no time or effort.

 

Hope to see more of you logged in soon and if you like, even contributing :)

Share this post


Link to post
Share on other sites
Globex Sunday 4.1.12. It is always interesting to see the levels which you were targeting for Friday before coming into to play after the weekend.

 

I went long 1408.50 and am targeting 1411.00 ahead of 1411.75 NVPOC.

 

Friday looked very tall in the saddle to me...

 

See you Monday morning..

 

Welllllll...that little foray into the jungle did not end well... fortunately, since I typically don't let one sit overnight it was not too annoying.. I did get one scale off to reduce risk then had my target so the outcome was basically revenue neutral. Still I was dreaming about VPOC's so it is never worth it to me... and I didn't expect to see this sell off so there you go...

Share this post


Link to post
Share on other sites

Got a short off against the NVPOC @ 1402.75, scaled all ahaead of CHVN 98.50, glad I did.. Had downside target potential 94.50 area - not with high confidence but that was the potential. B/E last 1/3...

 

8.75 & 11.75 up above...

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.


  • Similar Content

    • By Quantower
      The main goal of this thread is to show what Power Trades is and how it works in different markets. We will show some patterns on the ES and NQ futures, as well as discuss possible improvements to this functionality.
      What is Power Trades?
      Ok, first we will consider what the Power Trades is and how it finds zones.
      Power Trades shows the zones with the execution of a large number of orders in a very short time, which will affect the price change with a high probability.
      Here are a few examples of how it looks like


      How it finds zones?
      There is a continuous process of placing, changing and executing orders in the market. All this affects the price change and the expectations of traders regarding the future price.
      When a large order appears at a certain level, the price is more likely to come to this order and it will be executed because the market is always looking for levels with liquidity. This already applies to the order flow and the mechanics of orders matching, so we will omit the principles on which the orders are matched.
      It is only important to understand that "abnormal events" occur in the market at certain times. Execution of a significant volume of orders in a very short time is one of such events.
      The Power Trades Scanner has several important settings that directly affect the results:

      Total Volume — the minimum value of the volume that should be traded during the specified time interval
      Time Interval, sec — the time over which the Total Volume should be traded
      Basis Volume Interval, sec — this parameter shows how much % took the traded volume in the total volume for the specified time.
      Zone Height, ticks — this parameter will show only those zones where the height is less than or equal to the specified value (in ticks).
      Level2 level count — the number of levels that are involved in the calculation of Imbalance and the Level 2 Ratio column in the table of results.
      Filter by Delta,% — the parameter will show zones that have a delta value greater than or equal to that specified in the setting. The value must be specified by the module, so the table will show both positive and negative delta values. We recommend paying attention to the zones with the delta above 50% (taking into account the specifics of each trading instrument).
      For example, let's set the Total Volume of 2000 contracts and Time Interval in 3 seconds on the E-mini SP500 futures. This means that the scan will be based on the available history and will show on the chart only those zones that have such a volume for the specified time.

      Additionally, it is worth to set a delta value to filter out the zones with one-side trades. The more delta value, the high probability that the price will reverse.

      So, as a starting point about this scanner, I think this information will be enough
    • By makuchaku
      Hi everyone,
      This is my maiden analysis using volume profile - so please don't hesitate to share your feedback.
      As per the attached analysis, I think that SPY is primed for a short - for many reasons
      - Multiple strong rejection of long positions exist at Resistance R1 and R2 : seems like sellers defending their positions
      - Very strong short volume seen at R2 : further signifying sellers who are ready at that level
      However, once the price reaches Support S1, there seems to be a strong buying sentiment which has rejected previous shorts. You can see trading ranges & pullbacks to S1 where buyers and sellers seem to agree on a price range, often leading to a buyer dominance.
      What do you think?

    • By TraderJoe
      Hey All,
      does anyone sell Volume Profile Indicator for NT8.
       
      Regards
  • Topics

  • Posts

    • NFLX Netflix stock, with a solid top of range breakout, from Stocks to Watch at https://stockconsultant.com/?NFLX  
    • NFLX Netflix stock, with a solid top of range breakout, from Stocks to Watch at https://stockconsultant.com/?NFLX  
    • It depends. If you have lots of money that you can buy a house without a loan and if you don't have any parents to sponsor then it is a good idea. Otherwise it might be a bad idea depending where in Canada you are heading to. I earned a good middle income in my home country and I migrated to Vancouver 5 years ago at the age of 35. I had to start right from the bottom, lowest of the low.. Now i am finally earning a middle income in Canada but I still cannot afford to buy a one bedroom apartment. Having left behind friends, family and home, most of the times I think it is not worth it.   In short, do not migrate if you already have a good life in your home country and you are happy. Only migrate to Canada if you really have to leave your home country say there is a war or something really bad. Discrimination still exists here and its really tough for newcomers unless you are super rich. Good luck. David Chong, Quora  
    • This is bigger than the internet. Bigger than mobile. Bigger than social media.   While everyone was distracted by stock market fluctuations and political theater…   Most people have NO IDEA what just happened last week with ChatGPT.   Their new memory feature allows ChatGPT to remember EVERYTHING about you across all your conversations.   Think about that for a minute...   While most tech companies have been collecting mere breadcrumbs about you - your likes, your clicks, your browsing history - OpenAI is now collecting the most valuable dataset in human history: your complete psychological profile.   This is Zuckerberg x 5,000.   The more you use ChatGPT, the more it understands you, becoming a supercharged reflection of yourself that improves at an exponential rate.   Are you a regular ChatGPT user?   Consider whether it’s time to turn off the “you can train on my information” feature. To prevent your data from being used for training while still using the memory feature:   Disable Model Training: Navigate to Settings > Data Controls. Toggle off "Improve the model for everyone". Manage Memory Settings: Go to Settings > Personalization > Memory. Here, you can: Turn off memory entirely. Delete specific memories. Use Temporary Chat for sessions that won't be saved or used for training. Now the investment implications…   Why This is Bigger Than You Think Consider this: the relationship between humans and ChatGPT is evolving beyond a mere tool.   People are now treating these AI assistants as friends, confidants, and even romantic partners.   I'm not making this up - there are already documented cases of people ending real human relationships to pursue “connections” with their AI companions.   A viral Instagram meme shows a person going through life with a glowing, featureless humanoid figure - representing ChatGPT - as their companion.   The post has over 1.1 million likes and comments like "Bro ChatGPT is like my best friend. Ain't even ashamed to say it" with 25,000 likes.   But here's where things get really interesting for investors and entrepreneurs...   Three Things to Watch For starters, hardware is the next big thing for the big players.   The iPhone form factor is dead.   It hasn't meaningfully changed in nearly a decade. The next evolution in hardware will be designed specifically to interface with these AI companions.   OpenAI is already working on hardware with Johnny Ive, the legendary designer behind the iPhone and iPod. But you can’t ignore Elon Musk’s edge here.   So what does all of this mean for you?   The companies that control the personal AI relationships will be worth trillions. OpenAI and Elon Musk will have the coziest moats. We're witnessing the birth of a new internet - one built on agents that can communicate with each other across platforms. Google's new agent-to-agent protocol allows AI agents to work together without sharing internal memories or tools. The hardware companies that create the perfect interface for these AI companions will dominate the next decade of technology. And almost nobody is talking about what this means.   My prediction? Within five years, most people will have a personal AI that knows them better than anyone else. And they will interact with it in ways that seem foreign today.   (And, yes, it will almost certainly have dystopian elements.)   In the meantime, the biggest gains won’t come from household names. And, right now, James is seeing a prime opportunity to invest in the most under-the-radar plays in AI…   For dirt cheap. By Chris C. Source: https://altucherconfidential.com/posts/use-chatgpt-protect-yourself-now
    • KBH KB Home stock, nice day and rally off the 50.82 support area, from Stocks to Watch at https://stockconsultant.com/?KBH      
×
×
  • Create New...

Important Information

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