Iterative Refinement
- Thread starter Spydertrader
- Start date
Here is exactly where I bought it. Is this a good example of using hte overnight session due to the higher volume resulting from the economic report? Is this MA valid with the overnight session? I used it in this case to get long, after believing to be valid. If not, what verifies that using the overnight session is the correct approach?
To me it looked like the MA on the YM and ES acted as support and the pt 3 with increasing black on the YM was working for you there as well (my YM has a gap there due to bad data, so I can't see the exact time things occurred in that area). I have no idea how to use the overnight session or how it affects the MA, so would you mind saying a little more about your thought process with that trade? It worked so there may be something to what you did that could be used again.
Usually I like to wait until I see the big picture develop. However, I gave credibility to the higher volume globex bars. I drew in my larger big picture RTL. The second bar of the day tested this support line so I began to anticipate a traverse in the Up channel.
I then saw a pt 3 channel with increasing dominant volume in the Dow and then the ES on a smaller fractal (the green channel). I noticed a close above the MA and then saw a spike in both the tic chart and PRV. If the next bar would have dipped below 35.50 I would have exited the trade.
Hope that helps!
Got a signal in GIGM today according to Unusual Volume. I believe it's a point 3 of the new up channel. I have drawn in the possible new channel (light blue). I tried a dumb sell in FSTR today off the 30, dont know why since its choppy and thin. I thought I had an FTT on the 30 but the thing is so thin and volatile that it freaked me out within two minutes.
Comments welcome.
Comments welcome.
Ah, here's where that fan question came from. You did it right IMO.
But your gaus are still wrong. Forget the fact that the peak volume was black. What followed cannot be considered as dec red - the price was still going up.
But again, you've got the big picture correct in that you bought on inc black. Nice.
Now fix your gaus.
Quote from Haroki:
Ah, here's where that fan question came from. You did it right IMO.
But your gaus are still wrong. Forget the fact that the peak volume was black. What followed cannot be considered as dec red - the price was still going up.
But again, you've got the big picture correct in that you bought on inc black. Nice.
Now fix your gaus.
Yea I constantly have an issue with that. I feel like I'm really starting to get my channels in the right places on the daily and 30 but my Guassians...theres still many questions. Like in an RTL traverse on an up channel. If you have increasing black(say three bars) Bar 1 is higher than bar 2 but lower than bar 3(the latest bar) this is still increasing black right? And then on the movement to decreasing red(LTR) if the first red bar after the increasing black bars is higher than all of the black bars, it is still fine to start your decr red Guassian here as long as the red bars decrease, correct?
I know theres such things as flaws and all that which havent mastered yet. But this is basically how Ive been labeling them up to now.
And the spot you were referring to in my GIGM Guassians, is it the spot I have circled on my chart attachment??
All in all though, thanks for the comments.