13:30 (or 13:35) depending on if your software marks the bar based on 'Open' or 'Close' Time.
- Spydertrader
Iterative Refinement
- Thread starter Spydertrader
- Start date
13:30 (or 13:35) depending on if your software marks the bar based on 'Open' or 'Close' Time.
- Spydertrader
Looked that way sooo....
Im wondering why? The 13:25 bar broke and closed below the low of the 13:20 bar.
It also broke out (down) of the lateral formation.
PRV was also higher than 13:20.
I actually almost marked the 13:20 bar as my new point 3 but it closed within the lateral and had not yet broken the low of the 13:00 bar.
Note the channel under discussion. Note the only spot which has a 'retrace' - where price moves in a non-dominant direction. Without a retrace, one has only annotated a 'tape' and not a 'channel.'
- Spydertrader
<img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=1806444>
<img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=1806496>
I had a few observations today. I got a few buy triggers (VSR & GIGM) in that they had low band volume by 11am and the macd & stoch criteria was met. I ended up selling both because they didn't get FRV by EOD.
I also bought POZN but that was a mistake, I forgot to check the stoch & macd (I was doing it at work and was kind of distracted). POZN looked good for a while but it was a FBO and I got stopped out (I was using 2% stops).
So my observation is that there were several stocks with big prices moves without meeting FRV:
BKI DU 198k actual 260k + 5.74%
BHS DU 74k actual 100k + 9.42%
ATV DU 74k actual 51k + 5.27%
Today volume was down a bit on the nasdaq (using QQQQ as a benchmark).
2 Questions:
1 - It seems lower band volume by 11h30 could result in a lot of false positives. Maybe DU by 11h30 is too strict. I'm wondering if the DU should be pro-rated by the volume of a benchmark such as QQQQ?
2 - What about the stocks that moved without volume? Has anyone tried monitoring for price moves and jumping on without volume? I think if the "strict" criteria is giving buy signals often then it's not necessary to mess with buys outside of the system. But at the same time seeing a 10% move and just sitting tight watching it is not easy to do.
Today was kind of up & down, I hope everyone did well.
I also bought POZN but that was a mistake, I forgot to check the stoch & macd (I was doing it at work and was kind of distracted). POZN looked good for a while but it was a FBO and I got stopped out (I was using 2% stops).
So my observation is that there were several stocks with big prices moves without meeting FRV:
BKI DU 198k actual 260k + 5.74%
BHS DU 74k actual 100k + 9.42%
ATV DU 74k actual 51k + 5.27%
Today volume was down a bit on the nasdaq (using QQQQ as a benchmark).
2 Questions:
1 - It seems lower band volume by 11h30 could result in a lot of false positives. Maybe DU by 11h30 is too strict. I'm wondering if the DU should be pro-rated by the volume of a benchmark such as QQQQ?
2 - What about the stocks that moved without volume? Has anyone tried monitoring for price moves and jumping on without volume? I think if the "strict" criteria is giving buy signals often then it's not necessary to mess with buys outside of the system. But at the same time seeing a 10% move and just sitting tight watching it is not easy to do.
Today was kind of up & down, I hope everyone did well.
Keep reading. I seem to recall changing the Low band DU threshold to 10:30 AM and DU by 11:30 AM (all times Eastern). Future iterations of The Equities ChartScript use a different paradigm than Low / High Band DU.
Plenty of time later to 'see' what things exist once you have the fundamentals down cold. Until then, we must learn to crawl before learning to walk, before learning to run, and then, we can learn to fly.
- Spydertrader
Not happy with my MAD performance today. Just maybe it was due to the three hours of sleep last night 
, My YM Gaussians are freakin pathetic (hence no post of the YM 
). Not too keen on my ES work either, but sometimes you annotate ugly. Am a right or am I right?
Deciding on a few periods was difficult. Namely the 14:20 to 15:20 time period. But overall my focus on deciding at the moment "What must come next" doesn't went pretty well with only a few "trigger happy" moments where I didn't take in all the pertinent info and was required to reverse.
, My YM Gaussians are freakin pathetic (hence no post of the YM ). Not too keen on my ES work either, but sometimes you annotate ugly. Am a right or am I right?Deciding on a few periods was difficult. Namely the 14:20 to 15:20 time period. But overall my focus on deciding at the moment "What must come next" doesn't went pretty well with only a few "trigger happy" moments where I didn't take in all the pertinent info and was required to reverse.