Ok, so you can't find the other charts. No problem. What did the YM say this time with respect to long or short? Specifically, the 11:14 [close of] bar?
- Spydertrader
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Iterative Refinement
- Thread starter Spydertrader
- Start date
Ok, so you can't find the other charts. No problem. What did the YM say this time with respect to long or short? Specifically, the 11:14 [close of] bar?
- Spydertrader
thanks for the detailed reply - I will do my best to adjust my point of view.Quote from Spydertrader:...
BTW, you said "To me the annotation for Point Two should have occurred one bar prior - making this a chubby tape." Since you went to the effort to mention this here is my reason: I did it this way because the low of the pt1 bar occurred before the high, at which point the pt1 was established. This seemingly ruled out the low of the same bar as pt2 because pt2 comes after pt1 in time. (I thought, anyway).
here is my post with a capture of ES and YM from one of the two examples discussed that day.Quote from gravitonium77:
I could just cry. I've looked for Guavaman's original post/chart and it appears ET just keeps deleting all kinds of stuff. So, I'm having a most difficult time trying to recall the date/time/bar of the prior scenario so I can do the comparisons.
If anyone happens to recall I'd appreciate posting it here. Otherwise, I'll just try and watch next time.
Anyway, thanks so much for your help Spydertrader, I appreciate it. I just wish it had some impact on me, LOL.
http://www.elitetrader.com/vb/showthread.php?s=&postid=1914343#post1914343
I may have mistakenly drawn a pt3 channel where it should not have been:Quote from Spydertrader:
I don't believe the 'channel' under consideration represents a channel at all.
http://i276.photobucket.com/albums/kk20/ROMANUS42008/incorrectchannel.png
Quote from romanus:
I may have mistakenly drawn a pt3 channel where it should not have been:
http://i276.photobucket.com/albums/kk20/ROMANUS42008/incorrectchannel.png
Again, let's keep our eye on the bigger picture here. Annotation differences of interpretation have little impact in this specific example. Context differences do however make a huge difference.
Another example.
Check out [close of] 11:50 ES Bar (Today). Walk through the differences here and 'see' why one would no longer expect sequences which show continue down.
- Spydertrader
Quote from gravitonium77:
With all the PV talk the past few weeks I thought maybe I was beginning to "get it". Apparently not. On the attached chart, please note the red triangles. That bar achieved IBV as an inside bar. The higher volume could not move price higher in what was then a dominant move in an up channel.
As this appeared so much like the example talked about a couple weeks ago, I took this to mean a signal to reverse to short. Any one else see it this way?
Hi Grav, based on this post
http://www.elitetrader.com/vb/showthread.php?s=&postid=1915090&highlight=WMCN#post1915090
"When we have increasing volume while in a pennant, we anticipate price should BO of the pennant in the direction of the increasing volume. This is WMCN." So, based on today's pennant I would anticipate the BO up. The signal and WMCN occurred on the following bar, a BO up with increasing black volume. In the previous example (Guava's), WMCN did not occur. Someone please correct me if that's wrong. Thanks.
Quote from Spydertrader:
Check out [close of] 11:50 ES Bar (Today). Walk through the differences here and 'see' why one would no longer expect sequences which show continue down.
Now compare the above time period with the last 4 ES bars beginning with the 12:35 [close of] Bar. What subtle differences exist between these two specific examples compared to the quoted time period.
- Spydertrader
Quote from Spydertrader:
Now compare the above time period with the last 4 ES bars beginning with the 12:35 [close of] Bar. What subtle differences exist between these two specific examples compared to the quoted time period.
- Spydertrader
1150 [close of] = VE
1235 [close of] = FTT
Is this the difference you are referring to?