Iterative Refinement
- Thread starter Spydertrader
- Start date
WMCN? I am with you on SSRX today. I held it, because of the good volume.
I was also in on ZUMZ, which moved up very nicely today. However, its volume was down from yesterday, so I sold it at the end of the day for about a point gain.
JRJC was wild the past couple of days. I got in EARLY on that Monday, which allowed for a nice gain, even though I stopped out yesterday. I was watching it early this morning and thought about picking it up at around +.60. I waited a minute and it was up a point. I bought it around there, and was happy to see it go up a lot. Unfortunately, it stopped out during its afternoon dip, so I only made a small amount on it... better than a loss though!
JF
Just a post to thank everyone once again. I have been reading up on the jokari window and have begun to understand at a deeper level the relationship between price and volume. I have also been taking Spyders advice and when I examine my daily charts I use only price and volume for my analysis. I have yet to let loose the training wheel's of Stoch and MACD during actual trading, but I think I am slowly getting the hang of this. My trades in the past several weeks have become consistently more profitable. And when I make a mistake, I can usually look back and see where my error was. I guess you could say I am gaining a sense of control and confidence with my trading. I am starting to be able to see things BEFORE they happen instead of trying to jump on the bandwagon after the price has started to skyrocket (which means I am probably too late anyway.)
I think my nesxt step will be to learn how to draw Gaussian's and start posting a chart or two here to see how well I am doing. Thanks again all!!!
JF
I think my nesxt step will be to learn how to draw Gaussian's and start posting a chart or two here to see how well I am doing. Thanks again all!!!
JF
Ok, Ok, Ok, what I saw was a Pt3, but the increase in volume was not on the pt 3 bar, it came later on the third bar after I changed the bar color from black to red because that bar made a lower low, soooo, the 10:05 bar was really a red volume bar instead of a black, which confirmed the pt3 down channel, Is that AFU?????
Yes, thats more like it. Lets be honest posting "I made 200.00 today!" "Look at me I made 150.00 today!" is not very educational nor does it mean much.
You have a couple people here (callmate, avi8) that post profitable results when the feel like it or when they get excited about a good trade. In other words, not consistently.
Mr. Black is the only person posting trades on almost a daily basis. An audit trail means a lot. It may actually help somebody
Way to go Mr_Black.
Not sure why the teacher is not posting trades.
I do respect Mr_Black for posting entry and exit times.
I personally split the 9:55 bar btw blk and red because price went higher and closed lower and volume increased overall. I remember Spyder mentioning a while back that he doesnt split the volume when its decreasing. Since this was increasing overall, I decided to split it. The 10:00 bar went lower on what I saw as increasing volume relative to the previous split volume bar.
Either way, it didnt affect the end result overall as I had the same FTT and subsequent upchannel. As Spyder said before, as long as we all get to the same place thats all that matters
Either way, it didnt affect the end result overall as I had the same FTT and subsequent upchannel. As Spyder said before, as long as we all get to the same place thats all that matters
This stuff is the easy part and it must be understood first!
1) the right trend line defines the slope and direction of the dominant trend (of the fractal under consideration).
2) increasing volume in the direction of the dominant trend confirms the initiation and continuation of the trend.
3) points one and three construct the right trend line and to satisfy 2) above, there must be increasing dominant volume on point three or reasonably thereafter.
4) the standards for bar price direction and corresponding color are very logical and have been stated numerous times. One must understand them when defining channels.
1) the right trend line defines the slope and direction of the dominant trend (of the fractal under consideration).
2) increasing volume in the direction of the dominant trend confirms the initiation and continuation of the trend.
3) points one and three construct the right trend line and to satisfy 2) above, there must be increasing dominant volume on point three or reasonably thereafter.
4) the standards for bar price direction and corresponding color are very logical and have been stated numerous times. One must understand them when defining channels.