Search results

Trying to work out what should have suggested we were forming a lateral traverse instead of a long ND traverse. Drifting VDU volume? Failure of the faster fractal traverse to close outside the shadow of the lateral? Faster fractal FTT influenced by the upper border of the lateral, and...

So that wasn't a new point 3, but rather, we're forming the lateral traverse of a short channel, which would mean I reversed at the worst possible time. And it was going so well.

Reversed short intrabar on the breach of the prior low. <img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=2288000>

What I can't work out is whether the current long traverse is the non-dominant of a short channel or the dominant of an adjusted long channel. We did get a potential point 2 of a short channel, on IRV beyond the long channel RTL, though there was no subsequent IRV. And it certainly feels...

That next bar explained why the geometry didn't add up. Great second chance too. Anticipating a lateral walk out of the short traverse.

Reversed long. Missed the first chance, and couldn't gauge WMCN on an intrabar level so missed the closest thing to a second chance too. <img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=2287919>

I believe he's referring to the FTT.

The impact of late reversals never ceases to surprise me, as I always forget to take both sides of the equation into consideration, so to speak. A timely first reversal at 820 would have meant +11 points rather than +4.

Intrabar reversal. <img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=2287799>

Objective SOC on bar 20, but holding in view of the very specific context.

In failing to acknowledge sequence completion, missed the SOCs. <img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=2287742>

Jack made a lot of references to a 'critical path', namely PVT then SCT. There can only be so many reasons for this, none of which I believe are an inherent quality in the type of instrument being traded. PVT uses just the P-V relationship. No adjuncts. It is based on EOB information...

Went short intrabar on bar 2. Would have liked to enter at the high of bar 2, but kept holding out, hoping it might get closer to 28. <img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=2287674>

Thanks for asking me to pull that up, Munck. I honestly don't think I ever registered the first paragraph, which I think is very relevant for a lot of us. <img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=2287663>

Touche. :p

You've mentioned taping to OBs a couple of times now. As I recall, Jack suggested refreshing tapes from OBs to sharpen the taping continuity. Just my $0.02.

That's great. I've been looking for something along those lines for weeks! Thanks.

The Day <img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=2286895>

Missed the first 45 minutes due to adverse weather conditions, then a couple of bad initial trades due to some misinterpretation. Huge urge to reverse at bar 75 (for reasons other than the double top) but held in view of extenuating circumstances. 15.75/18.75 = 0.83 ATR <img...

In view of the above, tried to be less prescriptive and more holistic today.