Correct.
If the drill puts you 100 handles under water, so be it.
- Spydertrader
Iterative Refinement
- Thread starter Spydertrader
- Start date
Correct.
If the drill puts you 100 handles under water, so be it.
- Spydertrader
I have attached a zipped file of several snapshots of the last big down move of the day. I have superimposed the Bid Wall and Ask Wall on the 1-min ES chart so that one can see how the wall moves as well as breaks-down. I find that having the bid and ask walls directly on the price chart, gives one a much better visual. The starting point for the sequence is the 15:20 bar and continues to the 15:40 bar. Here are some notes:
⢠Beginning with the 15:20 bar, price is contained within the 15:05 lateral and volume was decreasing; there is a bid wall at 1348.
⢠Roughly half way into the 15:20 bar, price has pierced the lateral and the bid wall has dropped down to 1347. We also see the volume on the 1m ES is increasing.
⢠By the 15:24 bar, we can see that volume has increased substantially and the wall has moved again to 1344.
⢠Half way through the 15:25 bar, we see PRV showing increasing red volume and the wall has moved again to 1343.
⢠By the close of the 15:25 bar, the wall has moved again to 1341.
⢠Roughly 30% into the 15:30 bar, we see that PRV is significantly higher than the previous bar and the wall has moved lower to 1337. We can also see that the volume on the 15-min bar chart has increasing red and has taken out the previous low (see blue arrow down).
⢠By the end of the 15:30 bar, we see that volume is starting to taper off. This is the pause before the next leg down.
⢠Between 15:30 and 15:40 we have a slight retrace
⢠By the close of the 14:40 bar, we have resumed our down move.
Iâm still experimenting with this concept of archiving the whole day for later debriefing. So far itâs nice to have some specific snapshots to look back at rather than just a 5-min and 2-min chart. What I want to do is to âcatalogâ the different patterns that occur at various points of change (i.e. FTTâs, pt 3âs FBOâs, BOâs, etc.). At the least to use as a learning tool.
Cnms2, you asked a couple of days ago if auto-annotation was a good thing. I think it is a time saver, but it is also a great learning tool as well to see how formations begin and change throughout the bar. Also, auto-annotation does not make âmistakes.â If you have a FTP you have a FTP! I still annotate my 5-minute chart with tapes and channels as I did before, but I don't bother with the formation annotations. Iâm working on auto-channels and auto-gaussians and have some ideas for that, at least to semi-automate it. Of course the Holy Grail will the auto-trade feature! (Not!). Most of this model work is to test the concept of such a model. If it proves useful, I will look into programing it in a more robust platform.
⢠Beginning with the 15:20 bar, price is contained within the 15:05 lateral and volume was decreasing; there is a bid wall at 1348.
⢠Roughly half way into the 15:20 bar, price has pierced the lateral and the bid wall has dropped down to 1347. We also see the volume on the 1m ES is increasing.
⢠By the 15:24 bar, we can see that volume has increased substantially and the wall has moved again to 1344.
⢠Half way through the 15:25 bar, we see PRV showing increasing red volume and the wall has moved again to 1343.
⢠By the close of the 15:25 bar, the wall has moved again to 1341.
⢠Roughly 30% into the 15:30 bar, we see that PRV is significantly higher than the previous bar and the wall has moved lower to 1337. We can also see that the volume on the 15-min bar chart has increasing red and has taken out the previous low (see blue arrow down).
⢠By the end of the 15:30 bar, we see that volume is starting to taper off. This is the pause before the next leg down.
⢠Between 15:30 and 15:40 we have a slight retrace
⢠By the close of the 14:40 bar, we have resumed our down move.
Iâm still experimenting with this concept of archiving the whole day for later debriefing. So far itâs nice to have some specific snapshots to look back at rather than just a 5-min and 2-min chart. What I want to do is to âcatalogâ the different patterns that occur at various points of change (i.e. FTTâs, pt 3âs FBOâs, BOâs, etc.). At the least to use as a learning tool.
Cnms2, you asked a couple of days ago if auto-annotation was a good thing. I think it is a time saver, but it is also a great learning tool as well to see how formations begin and change throughout the bar. Also, auto-annotation does not make âmistakes.â If you have a FTP you have a FTP! I still annotate my 5-minute chart with tapes and channels as I did before, but I don't bother with the formation annotations. Iâm working on auto-channels and auto-gaussians and have some ideas for that, at least to semi-automate it. Of course the Holy Grail will the auto-trade feature! (Not!). Most of this model work is to test the concept of such a model. If it proves useful, I will look into programing it in a more robust platform.
Munck
I have the same exact chart on XING and expecting the sames. One question for you Ihave though is do you still use Dry Up or are you strictly channels and guassians with volume at this point.
Also, for anyone I have posted my GRRF chart and was wondering if anyone could comment on the latest red channel. It has a 1 2 and 3 but I don't feel my Guassians reflect or confirm these points. I am also unsure on ICOC.
Comments and comparisons appreciated.
I have the same exact chart on XING and expecting the sames. One question for you Ihave though is do you still use Dry Up or are you strictly channels and guassians with volume at this point.
Also, for anyone I have posted my GRRF chart and was wondering if anyone could comment on the latest red channel. It has a 1 2 and 3 but I don't feel my Guassians reflect or confirm these points. I am also unsure on ICOC.
Comments and comparisons appreciated.
Partial quote from WGTrader: I have attached a zipped file of several snapshots of the last big down move of the day. I have superimposed the Bid Wall and Ask Wall on the 1-min ES chart so that one can see how the wall moves as well as breaks-down. I find that having the bid and ask walls directly on the price chart, gives one a much better visual.
You does good stuff WG. How quickly are the wall data updated?
lj
You does good stuff WG. How quickly are the wall data updated?
lj
Quote from WGTrader:
I have attached a zipped file of several snapshots of the last big down move of the day. I find that having the bid and ask walls directly on the price chart, gives one a much better visual.
This is really nice work WG. You have put a lot of time into programming the charting. It looks great.
Is the wall programmed to insert on the chart? Is this something that is currently in the works?
I like the concept of slides for reviewing, this makes for a great way to debrief.
Nice work.
