Iterative Refinement

[Spydertrader]

Quote from Jesus_Freak:

Could I take the Hershey method that I am using for trading equities over 3-5 days, and then apply it to this situation?

As I have said many times, Any market, on any time frame - provided sufficient liquidity exists. Simply annotate the charts for these stocks, and look for the Longer Term Trend Lines. Exit when Price breaks the RTL of the Longer Term trend on increasing Volume, or change the trading fractal to weekly, and exit on the appearance of an FTT. YMMV.

- Spydertrader

 

[Spydertrader]

Quote from Mr_Black:

here is sample of 2 trades .... whit domino of signal sequence...

Thanks for posting these. I have no doubt many will find them helpful.

- Spydertrader

 

[The Swordsman]

Here is the chart, I thumbtacked the bar in question.

Quote from Spydertrader:

You have two choices: 1. Post a chart noting exactly the bar in question, or 2. Require that I go spend my time looking for the chart snippet while you hope my charting software labels time in the same fashion is your charting software.

Which course of action do you believe best suits your interests?

- Spydertrader

 

[sscott]

Quote from guavaman:

IBGS: Is a bar in which the close is in the opposite direction of the initial trend of the bar as established by its open.

Example: If a bar opens and initially moves down and then reverses and the close is above its open then we have an IBGS. Increasing or decreasing volume is not a prerequisite for an IBGS.

Thanks Guavaman,
So, my initial definition of the IBGS was in the right direction. The bar in question, the 10:15 opened, initally headed lower making a lower low, then reversed and closed above the open. As a consequence the color began as red then shifted to black as the price went above and then closed above the open.

Does the bar not need to make a lower low or higher high to be considered a IBGS, just only to close in the opposite direction of the initial trend?

 

[romanus]

Quote from sscott:

IBGS on the 10:15 bar which started out red but changed to black later in the bar made for the pt3 because of the increasing volume that was red for the majority of the time the bar was forming, which on a lower fractal would have been very apparent.

sscott

That bar remained red for the first 4 minutes and turned black at the last minute. See attached. I speculate that this type of bars are referred to by Spydertrader as having a 'Significant Portion' ( "more than a small amount") of the volume of opposite colour. Of course, that's just my opinion. I could be wrong.

 

[Spydertrader]

Quote from The Swordsman:

Here is the chart, I thumbtacked the bar in question.

The bar in question represents Lateral Movement.

- Spydertrader

 

[The Swordsman]

Thank you

Quote from Spydertrader:

The bar in question represents Lateral Movement.

- Spydertrader

 

[Avi 8]

Quote from The Swordsman:

Here is the chart, I thumbtacked the bar in question.

Looks like lateral movement on increasing red volume. Is this what we expect in an uptrend?

Check out the bar after this OB. What does THIS bar say about WMCN?

 

[Spydertrader]

Quote from sscott:

As a consequence the color began as red then shifted to black as the price went above and then closed above the open.

While your charting software may have chosen to change the bar color, that doesn't mean it did so correctly.

- Spydertrader

 

[guavaman]

Quote from sscott:

As a consequence the color began as red then shifted to black as the price went above and then closed above the open.

Does the bar not need to make a lower low or higher high to be considered a IBGS, just only to close in the opposite direction of the initial trend?

A: Since the price bar made a lower low and did not break the high of the previous bar (while closing above its open) the price and volume bars are considered red.

B: Yes, inside bars can be IBGS.