Iterative Refinement

[Padawan]

Quote from ehorn:

I am looking for re-entry.

Bar 15:

YM red volume peaks decreasing.
YM lateral formation with FBO low
YM volume in DU.

ES decreasing Red Volume.

WMCN: Increasing price and volume on YM
WMnCN: Decreasing black volume or red volume

Hi ehorn. I didn't quite understand your "WMnCN". I guess because it involves decreasing volume. I thought we were more concerned with dominant volume as a marker of being on the wrong side.

Also, your debrief pretty well summed up my problem areas, too. The 2:00 to 2:30 period was difficult, and that 12:05 outside bar was funky as well.

ES Chart and WMCN 1.10

 

[Padawan]

Those time were Central time. Sorry.

 

[Munck]

Does anyone have some stats. about which events normally generates more than average volatility in the ES:

http://online.barrons.com/public/page/barrons_econoday.html

?

Thanks in advance

 

[sscott]

Looking at a classic bVB shift at 10:15, bar 10, reverse long....

 

[sscott]

FTT bar 13 and price crosses the RTL at 10:38, reverse short.....

 

[sscott]

FBO bar 15, exit....

 

[Avi 8]

Quote from sscott:

FTT bar 13 and price crosses the RTL at 10:38, reverse short.....

I am showing that bar as a pt2 only. So then WMCN would be a retrace to pt3 on dec red volume. Pt3 shows up in 'classic' form with huge blk volume, driving us to WMCN? How about a VE on bar 16. NOW we can start looking for a FTT. How about bar 18? Just another VE. LTL bounce now?

Bar 19 could be a FTT, but we are in a lateral.

Bar 21 BO of lateral, so now sweep again for possible FTT.

 

[makosgu]

Quote from Munck:

Does anyone have some stats. about which events normally generates more than average volatility in the ES:

FOMC!

 

[sscott]

Quote from Avi 8:

I am showing that bar as a pt2 only. So then WMCN would be a retrace to pt3 on dec red volume. Pt3 shows up in 'classic' form with huge blk volume, driving us to WMCN? How about a VE on bar 16. NOW we can start looking for a FTT. How about bar 18? Just another VE. LTL bounce now?

Bar 19 could be a FTT, but we are in a lateral.

Bar 21 BO of lateral, so now sweep again for possible FTT.

Thanks, I redrew the trend lines with the pt1 on bar 7, pt2 on bar 12, and after the retrace the pt 3 on bar 14 and the channel makes more sense now, would you call bar 23 the FTT?

 

[Avi 8]

Quote from sscott:

Thanks, I redrew the trend lines with the pt1 on bar 7, pt2 on bar 12, and after the retrace the pt 3 on bar 14 and the channel makes more sense now, would you call bar 23 the FTT?

Sure, and what followed? Another FBO. Look at the slope of this up 'move', gonna get a few FBOs on this one. Did we know in advance? What did the first 3 bars say?