Iterative Refinement

Todays chart. After the open (3 bars in) I was anticipating a W day. Nice 40 min lateral midday, esp looking at open/close, very tight range. Got a little messy at 14:15 - 14:40 before the gaussains indicated I didn't have the right down channel. Left the mess on the chart, enjoy :p .

NT is not very good at moving/copying/pasting etc so some glitches happen. Like when I pasted another "1" ... wtf, where did it go? It's on the chart - somewhere. Anyway, I'm sticking with NT for now.

I really appreciate constructive feedback. My main problem area is - and has always been - the mighty gaussians.

Have a great weekend everybody.
tobbe
 

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Haven't posted a chart in a while.

Was doing great (+10 points and saw much more than I traded) until about 2:30 when a period arrived with some overlapping laterals. Although price went (more or less) down the way it came up in the morning I still experienced this period as somewhat choppy. Maybe anticipating change too often expecting the morning trend to continue.. Also the big inside bars scared me out.

During that hard period I looked too much at YM bars instead of the big ES picture and str/sq was not really helpful. I traded too much inside the lateral instead of at the borders and fbo's which is where great opportunities are. So gave back almost all points there.

In the end caught a few moves and ended +4.

Not a bad day but must stay concentrated, annotate carefully and stay out of trouble.

regards,
Ivo
 

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Quote from sscott:

AAAAAHHHHHHH!!!:D :D
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I see that you make many "mistakes" about bars and volume and such. If it could help you, you might want to up put "Range charts" from quotetracker , which may help you to see HOW and WHEN certain bar formations occur.
In case you've lost yourself in the ocean of time bars: Time bars are frames of tick charts. there is NO WAY your eyes will spot ftt's on time bars, unless you have reached a certain skill level, where
you just "feel" it. Like playing Tennis, you feel when you hit the ball, it will land EXACTLY where you antipated (:cool:

Whenever you have a question about bars and gaussians, simply go look at Range charts. 99% of the times, they will give you the answer.
Because in my opinion, if people who have studied this method for over a month STILL ask questions to Todd, should rather start asking questions to THEMSELVES. Just my opinion though:)
When you've evolved to a higher skill level, you will learn to use range charts with Times and sales, ONLY. However, most will not see that light. Just for a moment, try to visualize the concept behind everything.
Like spyder mentioned long ago, this isn't a cookbook, try to GET what volume tells you with regard to price. My advise for you and the rest, who still does not "see" it: every time a bar closes, go look at the volume and ticks, that have materialized WITHIN that bar.

An analogy: When someone's screaming "AAAAAAAAA":

* time bars will put it up like this: "AA" "AAAAAA" "A". At different time frames bars will put it up like this:"AAAA" "AAAAA"
* Volume will tell you what the Person means by saying "AAAAAAAAA": Maybe the person "got" something", maybe he's in pain, maybe he's just screaming for the fun of it. When you get all of this, you will then KNOW, carry within you, why Channels are SO powerful combined with volume, combined with formations. Pennants are EXTREMELY powerful.




***My last advise, and maybe THE most important advise: When you know this is an art, use your *imagination*, for Christ's sake.****

(Read my advice again please)







If someone asks me to prove or show my trading results, don't even try. Because I will only start trading when I can mentally do SCT. Trading forest and tree level is so peanuts I don't even try it. If you focus on what's possible in terms of "Money", then you should simply stop trading this method, RIGHT NOW. If you're mentally not ready to become a B or Mnaire, by all means either start working on the spiritual size of life or just quite trading.



:eek: Sorry for the rambling. If I wrote something down in an arrogant way, then please tell me so, because I have yet to learn how to correctly
communicate. you see, we all learn something from each other. I do not claim to be an expert, FAR from it, but what I write down WILL help you, believe me.
 
Quote from tobbe:

I really appreciate constructive feedback. My main problem area is - and has always been - the mighty gaussians.
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Start to 'think' in terms of lower lows and higher highs. Combine these Price formations with the Volume to obtain the correct color for the appropriate Price and Volume bars. Then, the Gaussians should come into clear view.

Quote from ivob:

Haven't posted a chart in a while.

Was doing great (+10 points and saw much more than I traded) until about 2:30 when a period arrived with some overlapping laterals.
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Try learning to anticipate the BO of the Laterals, rather than, attempting to trade within them. In other words, 'see' the right side of the market, in the bigger picture, instead of, bar to bar, when you 'see' laterals forming.

Having said that, any day where one walks away profitiable is a pretty good day. :D Nicely done.

- Spydertrader
 
Quote from astral:

there is NO WAY your eyes will spot ftt's on time bars, unless you have reached a certain skill level
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Perhaps, the above quote represents your experience. However, by determining at the close of a bar the market mode (continuation or change), one need only then learn how to 'see' change earlier. FTT, FBO, etc. represent vocabulary acronyms designed to assist the learning trader how to understand the methodology. Determining continuation or change represents how one learns to trade the methods learned. M - A - D - A. No need to 'invent' anything else. Anyone who cannot thoroughly annotate a chart has no business moving onto any other aspect of the system, unless and until, the 'M' portion of the acronym becomes intuitive.

- Spydertrader
 
Quote from Spydertrader:

Perhaps, the above quote represents your experience. However, by determining at the close of a bar the market mode (continuation or change), one need only then learn how to 'see' change earlier. FTT, FBO, etc. represent vocabulary acronyms designed to assist the learning trader how to understand the methodology. Determining continuation or change represents how one learns to trade the methods learned. M - A - D - A. No need to 'invent' anything else. Anyone who cannot thoroughly annotate a chart has no business moving onto any other aspect of the system, unless and until, the 'M' portion of the acronym becomes intuitive.

- Spydertrader
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Todd, I appreciate you quoting me, but for me it is simply mind blowing if someone with the basic paradigm presented by you can NOT manage to reach over 12-20 points a day, consistently.

I feel it's like a duty to help those people, if you would like me to refrain from posting like that, by all means say so and I will stick to your paradigm.

:) If I visualize, and put myself into the place of others (the incompetents), I, for some reason feel where they struggle. So just tell me how you would like me to communicate with others in your thread.

It comes to my understanding that words written in a forum can get a completely different interpretation, so If I write things down, which seem odd, please say to me.
The English language is FAR from my mother language

:mad:


It's nice to have a conversation with you, Todd. Again, if you would like me to help people on a certain subject, please say so.
 
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