Iterative Refinement

Spydertrader · Jul 17, 2008

Quote from TIKITRADER:

It has been a while since I have posted a 5 minute chart.

You are missing a few things, which I recommend adding, and you have added a few things, which, fail to provide helpful information.

- Spydertrader

Spydertrader · Jul 17, 2008

TIKITRADER · Jul 17, 2008

Quote from Spydertrader:

You are missing a few things, which I recommend adding, and you have added a few things, which, fail to provide helpful information.

- Spydertrader

Thanks Spyder.

I did have tapes there but deleted as I went along.
Should I keep tapes on chart at all times?

Lateral movement is what is not needed when it is not important?

bi9foot · Jul 17, 2008

Exited both postions

VLCM for 11%. In fact I got out too early before lunch. I still don't think it has found its point 2.

SOLF for 2%. Based on early price movement today I doubled checked the chart to see if I had made a mistake. Long still looks right direction however as price continued to go lower in the afternoon I decided to exit and possibly wait for the point 3.

Edit: currently flat. Did not have a hotlist for today.

romanus · Jul 17, 2008

Quote from gucci:

To grasp the difference would be an AHA for me. Compare the first traverses and the behaviour of the market afterwards.

I thought I had an answer for you. I really did. But after seeing what happened today between 1525 eob and 1550 eob and how it has been annotated, I no longer do. Apparently what I thought I saw as an answer is not correct. Have to go back to the drawing board. Sorry for the confusion. The road to hell is paved with good intentions and littered with sloppy analysis.

ljyoung · Jul 17, 2008

Quote from Spydertrader:

No it doesn't.

First, Bar seven does not show peak volume. (1)

Second, I have already provided the answer to this question. (2)

Third, The GuavaMan wasn't asking you a question which required you to respond to him. Guava attempted to guide you in a direction with his interrogatory. (3)

- Spydertrader

(1) Correct. Modified-VSA nomenclature hangover. An ET search for a definition of peak volume as it relates to futures, using "peak volume + your handle" failed to yield an answer.
(2) Thank you for answering my query.
(3) I do comprehend exactly what gman was trying to do. I chose to respond to his rhetorical question.

Do you think you could possibly answer my first blue-colored query which for the sake of convenience I have reproduced below:

If I have understood you correctly, what you are saying is that CO Channels are not of utility on days where there is a large opening gap and on days where there is little or no gap (so-called split opening) their use is unnecessary if a trader is oriented to the market. So in short, you don't use CO Channels and begin each day the same way by monitoring from the close of bar 1 (if trading End of Bar). Is that correct?

TIA

lj

Tums · Jul 17, 2008

Quote from gucci:
...I got confused ... trying to differentiate between tapes and traverses...

Can you give a definition of the following:

1. Tape
2. Traverse

romanus · Jul 17, 2008

Quote from Tums:

... a definition of the following:

1. Tape
2. Traverse

http://www.elitetrader.com/vb/showthread.php?s=&postid=1899181#post1899181

callmate · Jul 17, 2008

Quote from Tums:

Can you give a definition of the following:

1. Tape
2. Traverse

Tape = Two Price Bars with 2 of the 3 points (Point 1, Point 2 & Point 3) on one of the two Price Bars.

'Chubby' Tape = Minimum of Three Price Bars with Point One and Point Two on the same Price Bar with Point Three located minimum two Price Bars into the future.

Channel / Traverse = Minimum of Three Price Bars with Point One, Point Two & Point Three located on three different Price Bars.

FT3 = Where Point Three, Increasing Volume and an FTT all converge on the exact same Price and Volume Bar.

osho67 · Jul 17, 2008

This is an interesting thread and I am glad I came across it

Please all review the following from Clym

Quote from Clym:

I have also developed automated channels based on my interpretation of the channels for building wealth document. I use volume to determine channels as you can see in the following youtube video

My question is can someone post the code ? That is there are a lot of clever people here and if Clym can do it, can someone else replicate what he has done and would they be willing to post the code. I already sent Clym a PM but no response

Secondly, it seems if you watch his youtube video he has figured it all out, why are we still manually plotting channels ?

If this has already been answered in this thread or some other thread please post the link

Thanks

Iterative Refinement

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