Iterative Refinement

[ljyoung]

Spyder,

A ?. HVS is an even harmonic whether or not it's in a lateral formation. Correct or no?
A second ?. Is it your take that "across" an HVS, volume, aside from alternating in direction (which is a requirement), always decreases?

TIA

lj

 

[Spydertrader]

Quote from ljyoung:

HVS is an even harmonic whether or not it's in a lateral formation. Correct or no?

No.

Quote from ljyoung:

Is it your take that "across" an HVS, volume, aside from alternating in direction (which is a requirement), always decreases?

Yes.

- Spydertrader

 

[ljyoung]

Quote from ericta:

It costs .5 point for each trade on average, 5 points for 10 trades... it IS hard to be in the buy side. If you break even in this market, you are a winner. the rest is to be more precise.

I don't follow the logic here, When one trades "at the market" one always "pays" the spread - 1 tick in and 1 tick out. However, so far as I am aware, this will not show up as a loss of $25.00 in your trading account. To treat it as a loss, as opposed to a "gain which can never be realized due to the way I trade" seems to me to be quintessentially negative. One pays a price for immediacy as opposed to "saving" money by being in the limit order book and running the risk of not getting a fill. As opposed to equities it is extremely unlikely that one is going to be able to place a limit order "inside" the BBid/BAsk. So get in quick when the method says you should and forget about the 0.5 points thing. Unless of course you've been very bad and want to punish yourself by thinking about it. If I made 1 point on that trade I have $50 more (minus the broker's vig) and that's what counts.

 

[WGTrader]

I feel like I went through a food processor today! Low volatility (compared to earlier this week) and choppy volume made for a tough day of sledding for me.

 

[Tums]

Quote from bi9foot:

...However when try to stay in all the time I end most days with a loss because I cannot see change soon enough (reacting rather than anticipating) and my reverse is always late.

SCT is a destination, not a process.


I am not trading SCT yet.
Here is my progress:
-- My entries are getting closer to the "best entry point". (a good entry is half a battle won.)
-- My exits are extending further everyday.
-- There are days on end without experiencing a loss. Even my washes make money. (YES ! it is possible.)

I will arrive at my SCT destination when:
1. My entries are consistently near the "best possible" entry point. (your debrief will tell you how you are doing.)
2. My exits are extended to the "best possible" exit point, which also happens to be the "best possible" entry point for the opposite direction.


I still have a long way to go. But no hurry, SCT is a destination, not a process.

 

[The Swordsman]

Good post Tums, I with you on all this.

Quote from Tums:

SCT is a destination, not a process.


I am not trading SCT yet.
Here is my progress:
-- My entries are getting closer to the "best entry point". (a good entry is half a battle won.)
-- My exits are extending further everyday.
-- There are days on end without experiencing a loss. Even my washes make money. (YES ! it is possible.)

I will arrive at my SCT destination when:
1. My entries are consistently at the "best possible" entry point. (your debrief will tell you how you are doing.)
2. My exits are extended to the "best possible" exit point, which also happens to be the "best possible" entry point for the opposite direction.


I still have a long way to go. But no hurry, SCT is a destination, not a process.

 

[bi9foot]

Quote from cnms2:


- my YM 2min chart starts on the other minute than yours (10:29, 10:31, ...);

Thanks for your post, I only reviewed it thoroughly after today's market close.

Any reason why you choose to have your 2 min YM bars start at odd time intervals?

 

[cnms2]

No. That's the way it comes (based on YM's trading session opening time). It's important to be able to see the price's flow. The intraday bars' open and end points are just arbitrary samples. For the daily, monthly, yearly charts those points are arguably more significant.

Quote from bi9foot:

Thanks for your post, I only reviewed it thoroughly after today's market close.

Any reason why you choose to have your 2 min YM bars start at odd time intervals?

 

[mdl060374]

Quote from LittleMac:

As for signals of stocks in dry up. Three were hit, all short signals GMKT HMIN and FSTR all hit LBDU before 10:30 and the planets aligned. Although I didnt take any fo these trades I am monitoring them on paper to see how they pan out. I have been doing this in order to find better entry points on the 30 min chart. No definitive answers yet. GMKT looks like it broke the RTL on a R2R of my blue channel so it is expected that we may see increasing red possibly continiuing a traverse of a new down channel(pink). HMIN and FSTR I obviously thought would go another way. Comments welcome.

Strange, HMIN and FSTR didnt show up in either Dry up scan I ran. (Original or 3 month.)

I also noticed GMKT, but I am always apprehensive about holding over weekends, so I sat by the sidelines.

 

[Spydertrader]

Quote from mdl060374:

Strange, HMIN and FSTR didnt show up in either Dry up scan I ran. (Original or 3 month.)

Probably due to the fact that you didn't use the Newest Dry Up Scan. It replaces all other scans as it provides significantly more accurate results.

- Spydertrader