Iterative Refinement

Did anyone observe the 4 level deep 1200-1500 car WALL at 77.5-78.5 around 1:33pm ET.
2 blocks ~ 1.1K each got filled just below it (1@ 77.25 & 1 @ 77).

Jack... Spyder... was that you guys getting filled @ market? :)

It has been a nice, orderly week. Signals are clean and as Mr Black said so rightly.. "price moving..."
 
Having a little trouble lately with my trading. I'm afraid that I'm missing something. Any help that i can get in regards to my chart will be greatly appreciated. TIA.

I'm posting a chart of TASR. Stock was on the DU list today and closed 47K from FRV . Took the trade on what I believe to be an FTT PT 3 at 10.25 close to the end of day.

:(

Thanks
E.
 

Attachments

WMCN drill 1-5:

ES: decr black volume (above flaw level) in down channel => Change
YM gate opened: b2b; last OB defined the retrace's Pt3 then its VE

The drill's video seems to show increasing PRV when price moves up for both ES and YM, except the YM's volume accelaration down during the last minute, after the price stalled in the Sym. YM's red PRV is bellow last black peak.

Action: reversed LONG at the closing of the just closed ES bar.
 

Attachments

ES and SPY show decreasing red volume: change (short); previous bar was tape's FTT, and possible Pt3 channel's FTT.
Quote from TIKITRADER:

ES M8 Daily Chart April 3 / 2008

ES daily bar today formed a lower high and lower low on less volume than yesterday.

Although the bar is colored red, There was an IBGS today.
More...
 
Quote from eliasg101:

I'm afraid that I'm missing something.
More...

TASR shows Price breaking out of a Pennant Formation today. See Pennants and Formations discussion from last September in the Futures Journal. You'll want to know what to expect after Pennant breakouts and how to gauge continuation or change based on the signals provided by the market. With respect to waiting until near end of day to enter, you'll want to enter far earlier in the day (first hour most times) based off of Increasing Volume (and Price) on a PRV (Pro-Rata Volume) basis.

Remember, all Dry Up Stocks are not created equal. Where Price sits within the channel (and whether or not Price falls within a formation) hold equal sway over what must come next.

- Spydertrader
 
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