Iterative Refinement

Quote from Spydertrader:

See Attached. Carefully compare your chart to mine. 'See' any differences?

- Spydertrader

Thanks Spyder for the post, are you saying that the 11:20 bar was NOT the FTT but a pt 2 of a new channel? The Guassians changed from red to black at 11:30 WMCN FBO of channel to anticipate return to dom trend. However it looks like the dom trend is forming a new channel with a less steep slope.
Then you show the FTT appears at 12:00 in the new channel. At my resolution should I have known at the close of the 11:30 bar that I had a new pt 3 for the new less steep dominant? Also, I did notice that you changed the color of the volume bars at 11:30 and 11:35 but now they don't match the close of the price. Why would I want a red volume bar when the price actually closed up?
Thanks again for your help.
More...
 
Quote from Avi 8:

You are welcome.

Just a note, you must have a properly annotated chart to get the most out of that log.

May I suggest using the one guavaman posted as a proxy for mine.
More...

Thanks, will do.........:cool:
 
Quote from sscott:


Are you saying that the 11:20 bar was NOT the FTT but a pt 2 of a new channel?
More...

I'm saying the dominos, which began to fall at 11:20, stopped and what must come next - didn't. After an FTT, we expect to see Price retrace, on decreasing non-dominant Volume, back to the RTL - followed by increasing Volume as Price breaks the RTL. We also expect Price to remain outside the RTL when such an event occurs. Instead, Price made a lower low on increasing Red Volume, but closed back inside the RTL. What is more, Price closed above its open. As a result, what must come next, didn't, and when the market provides such a signal, we expect the trend to change.

Quote from sscott:


The Guassians changed from red to black at 11:30 WMCN FBO of channel to anticipate return to dom trend.
More...

When Gaussians change within a bar, we note the advent of an Intra-bar Gaussian Shift (I.B.G.S.)

Quote from sscott:


However it looks like the dom trend is forming a new channel with a less steep slope.
More...

In other words, the channel changed, but the trend did not.

Quote from sscott:


Then you show the FTT appears at 12:00 in the new channel. At my resolution should I have known at the close of the 11:30 bar that I had a new pt 3 for the new less steep dominant?
More...

The YM leads the ES.

At 11:30, the YM shows Price moving in the dominant direction on decreasing Volume. I'm going to go out on a limb here and guess the Jokari (or Drewkari of you prefer) Window might have something to say about such an event as this.

Quote from sscott:


Also, I did notice that you changed the color of the volume bars at 11:30 and 11:35 but now they don't match the close of the price.
More...

Then change the color of Price. :D

Quote from sscott:


Why would I want a red volume bar when the price actually closed up?
More...

Drop down a fractal (for educational purposes only) in order to 'see' what actually transpired within the five minute bar. Learn to 'see' how the P-V Relationship operates, and you'll have no need for such a question as this.

- Spydertrader
 
Quote from Spydertrader:

Drop down a fractal (for educational purposes only) in order to 'see' what actually transpired within the five minute bar. Learn to 'see' how the P-V Relationship operates, and you'll have no need for such a question as this.

- Spydertrader [/B]
More...

Thanks Spyder.....I later thought there had been a IBGS but didn't see it at the time.
 
See Attached.

For the folks who follow equities (or anyone else with an interest), why not try out the WMCN Drill on the attached FMCN Daily Chart. I have left the MACD and Stochastics in place for those who still use them, but do not recommend their continued use.

- Spydertrader

<img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=1878402>
 

Attachments

You must log in or register to reply here.
Back
Top