Iterative Refinement
- Thread starter Spydertrader
- Start date
Could anyone comment on trading last friday's ES between 10:30 and 1:30.
Called on FTT on the ES 10:50 bar, entered long. Then the YM had inc. red PRV at 11:00, so reversed short.
Questioning my decision at this point, but even if I would have stayed long on the FTT, the 10:10 ES bounced off of the 20 SMA, and the YM had a breakout down on inc. red PRV - second chance at reversing short. The question "what comes next", inc. black PRV if I called the FTT correct did not happen.
But then I bounced around for the next two hours in what ended up as a two hour later channel, anyway seems to me. I kept reacting to spikes in PRV, only to have it retrace the other way, always finding myself on the wrong side of the lateral channel. Losing all the while.
Volume was still above dry up, but I really missed the boat during this time frame. Any words of wisdom, or how this would be traded would be appreciated.
Edit: Meant to say a three hour lateral channel !!
Called on FTT on the ES 10:50 bar, entered long. Then the YM had inc. red PRV at 11:00, so reversed short.
Questioning my decision at this point, but even if I would have stayed long on the FTT, the 10:10 ES bounced off of the 20 SMA, and the YM had a breakout down on inc. red PRV - second chance at reversing short. The question "what comes next", inc. black PRV if I called the FTT correct did not happen.
But then I bounced around for the next two hours in what ended up as a two hour later channel, anyway seems to me. I kept reacting to spikes in PRV, only to have it retrace the other way, always finding myself on the wrong side of the lateral channel. Losing all the while.
Volume was still above dry up, but I really missed the boat during this time frame. Any words of wisdom, or how this would be traded would be appreciated.
Edit: Meant to say a three hour lateral channel !!
Quote from guavaman:
Could we trouble you for a chart of the offending time frame?
All I have is the charred remains of camtasia. Annotations disappeared along with my sim account.
Is that good enough ??
Hello
I was wondering something. I am working my way through the first couple of journals again, and I was wondering if your FU would be suitable to replace my much smaller FU (I just started it last week), knowing that I am using Spyder's basic methods right now.
Jamey
Quote from Jesus_Freak:
Hello
I was wondering something. I am working my way through the first couple of journals again, and I was wondering if your FU would be suitable to replace my much smaller FU (I just started it last week), knowing that I am using Spyder's basic methods right now.
Jamey
Absolutely.
These are the stocks that have made it into the FU, and continue to qualify with "rank" by cycling as laid out in the journal.
Haroki,
what would the higher high, lower low higher low, lower high info show you with regard to the Guassians? Are you simply saying the fact that the March 2 bar in ASIA has a lower high and a lower low means the stock is actually experiencing incr red and therefore a BO of a channel. Cause I have ASIA currently in a lateral movement starting from the large green bar several days ago. Just wanted to see what insight the bars are giving you. Todays bar is an Outside Bar but the stock still continues in the lateral.
Comments appreciated
what would the higher high, lower low higher low, lower high info show you with regard to the Guassians? Are you simply saying the fact that the March 2 bar in ASIA has a lower high and a lower low means the stock is actually experiencing incr red and therefore a BO of a channel. Cause I have ASIA currently in a lateral movement starting from the large green bar several days ago. Just wanted to see what insight the bars are giving you. Todays bar is an Outside Bar but the stock still continues in the lateral.
Comments appreciated