Iterative Refinement

[ivob]

Hi,

Some comments on this.

We are looking for a new point 3 up, not a point 2 up, right?

Another question.

You say :"What about a new point 3 down"? The reason is we are below a former point 3. (I did not know we had to consider this...)

So are we looking for a point 3 up or a point 3 down??

Things always get messy when I start looking for 2 things at the same time.

Do you really care about a point 3 down? We are waiting for a point 3 up because we had breakout on increasing volume. The sequence is we wait for a point 3 up.

If it fails (the point 3 up) or if it is quickly followed by FTT + BO you reverse again.

regards,
Ivo

Quote from Avi 8:

Next

<img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=1801163>

 

[cunparis]

Read that thread. I call it 'The Oddiduro Thread

Grand deception!!!!

bubba7 / Jack Hershey has been banned due to numerous complaints from other members recently. As a result, this thread has been closed.

I feel like the cable went out just before the end of the movie. Ouch!

I was really looking forward to seeing how it worked for the people following. Does anyone know how it worked out? If not I will send them PM's, hopefully they're still around.

I understand the method much better now. I have seen conflicting info though so I will have to dig through the thousand posts of the journals to get it. I will ignore the flamers (thanks to the people who suggested that, I didn't know we could do it) and it should go quicker.

If you could just answer one question for me, I think I got it all but this:

Jack talked about buying end of day and also with 30 minute chart, at one point saying when the DU is achieved that we have an hour before price moves. But often in breakouts the price will move at the same time as the volume. Buying later, once the BO is confirmed, would entail a risk of "chasing". This part still isn't clear to me.

Thanks for the help, the scripts, and for keeping it going.

 

[callmate]

Still struggling with gaussians but with much better understanding. Please feel free to make comments.

 

[Haroki]

Quote from LittleMac:

Starting to draw pennants in on my equities charts. Anyone with experience, can you give me a comparison chart on WX so I can see where I'm at.

Thanks
Mac

You were asking the other day about lateral formations, BO, FBO....

here's the awesomest (?) example that I have. Note the FBO from the 11thish....

 

[ang_99]

Quote from Avi 8:

Next

<img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=1801161>

whats your definition of an intra bar gaus. shift? Because I'm not sure how this bar told you we had change as opposed to a simple channel non dom retrace. Unless what your saying is a retrace is change. I'm talking about change from down trend/channel to an up one.

 

[Padawan]

Quote from ang_99:

whats your definition of an intra bar gaus. shift? Because I'm not sure how this bar told you we had change as opposed to a simple channel non dom retrace. Unless what your saying is a retrace is change. I'm talking about change from down trend/channel to an up one.

To have an up trend channel we would need to see points 1, 2, and 3 with increasing black volume on or following the point 3 bar.

 

[guavaman]

Upon further review, I believe the revised Gaussian s (the thick yellow and red legs) are correct .

 

[TraderD72]

Quote from Avi 8:

Was this the same sequence?

We had inc blk for a RTL BO - OK, now what must come next? Did we get it? What would we need to see to eliminate a new pt3 down?

Here is the confirmation screenshot, eliminating a new pt3 up:

<img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=1801272>

I was under the impression that, due to the increasing volume in relation to bar 5, you eliminated the possibility of a new UP Point 3 by the close of bar 6.

Is this correct?

Or are you saying that Bar 7 confirmed this possibility by having INCR RED and also trading below the LOW of bar 2??

Other than trading and closing below bar 2, I am still having trouble seeing the difference between this sequence and the one on bars 8, 9 and 10.

Did you view bar 10 as a new UP point 3?

Is this because you are using a faster resolutions level?

Thanks again Avi for taking the time to post and answer thee questions

 

[Spydertrader]

Quote from cunparis:

I feel like the cable went out just before the end of the movie. Ouch!

The movie didn't end. Look around. See how many people are in the theater?

Quote from cunparis:

I was really looking forward to seeing how it worked for the people following. Does anyone know how it worked out? If not I will send them PM's, hopefully they're still around.

See Post One of Journal I. You reading this Journal is how it worked out.

Quote from cunparis:

Jack talked about buying end of day and also with 30 minute chart, at one point saying when the DU is achieved that we have an hour before price moves. But often in breakouts the price will move at the same time as the volume. Buying later, once the BO is confirmed, would entail a risk of "chasing". This part still isn't clear to me.

Keep reading then until you 'see' clearly. Focus on what you do understand for now. The rest comes into focus over time.

- Spydertrader

 

[ehorn]

My view of the day (ES) attached.