Iterative Refinement

[dkm]

Continuing the bar by bar commentary for yesterday (23rd), all times quoted at bar close:

11:00 ibgs, short
11:05 decr red, change, hold for pt3
11:10 HH decr blk vol, retrace to pt3, hold
11:15 LL dec red, lat movement, hold
11:20 LL incr red vol, pt3 confirmed
11:25 FBP, dec blk vol, flaw vol, hold
11:30 price forms lat formation, inc red vol not expected inside lat, ym fbp but inc blk, change, L signal
11:35 OB with inc red vol but price closes inside lat; hold long
11:40 lat mov, inc blk vol not expected inside lat, ym fbp bo L, hold
11:45 HH dec blk vol, close inside lat, hold
11:50 HH, dec blk vol, excpect change, short
11:55 LL decr red vol, not expected after pt3, change? but ym lat bo short incr red vol, hold
12:00 LL incr red vol hold short, VE
12:05 LL dec red, lat movement, hold
12:10 LL dec red, change? ym lat move, inc red, hold
12:15 LL inc red vol, hold short
12:20 LL decr red vol, lat movement, hold
12:25 LL incr red vol, hold
12:30 LL, dec red, ibgs, change, Long
12:35 LL inc red, back to short (ouch)
12:40 LL inc red, peaking vol, hold
12:45 HH but close inside prev bar, lat movement, dec blk vol, flaw vol, hold
12:50 LL, decr red, lat move continues, hold
12:55 HH inc blk,rtl bo, change Long

At 11:55 and 12:10 I suspected change but ym continued to point short.

 

[Avi 8]

Quote from cnms2:

...Avi 8, I'd like to see how you annotated that period, and how you traded it (and also how you should've traded it, if different)...

Quote from cnms2:
Avi 8, you seem to see these things clearly. Why don't you provide the answer too (e.g. in an attachment if you don't want your readers to be tempted to read it before thinking for themselves). Just asking rhetorical questions won't help the majority of your readers...

I posted this yesterday:

"Sure, but only if I can answer it as a rhetorical question and not provide the answer as an attachment."

 

[ehorn]

Not really sure what happened there...

Just glad to be on the right side!

 

[romanus]

Quote from ehorn:

Not really sure what happened there...

Just glad to be on the right side!

I saw bar1 = VE of CO channel, bar2=FTT and pt1 of the new down channel (dashed gray), bar3 = pt2, bar4=pt3, bar5=FTT (of the dashed gray channel), bar6=BO on decr volume, What Must Come Next didn't (expected incr black) therefore waiting for new pt3, bar7=inc dom red volume creating new pt3 down channel (solid gray).

 

[Spydertrader]

Quote from ChkitOut:

All of a sudden you're too high and all mighty to show time stamps.

Where does one develop the attitude that anyone posting here owes you a damn thing? If you find no value here because (boohoo) people won't post their execution reports or blotters, then drop the damn class and see the bursar for a refund.

Quote from ChkitOut:

whatever callmate, post your results for 1 week, everyday. You wont.

Why? What value does callmate receive for acquiescing to your demands? And make no mistake, like a child throwing a tantrum over not getting the cookie, you stomp your foot and proclaim, on behalf of all people, you deserve such information.

Quote from ChkitOut:

BTW, I'm speaking for all the people who aren't getting it, need proof, but are afraid to ask.

Oh please, your lame attempt at feining altruism represents a thinly veiled effort to simply get your own way. And yet, (as anticipated by anyone with half a brain), you make these demands while still failing to apologize to Mr. Black. You called bullshit on a guy who posts ever day, who contributes every day, all the while you offer nothing of value. Mr. Black showed where the true bullshit resides - within the quality of your own character. And still, after numerous folks have pointed out to you this fact you continue to refuse to offer an apology where one is most definitely due.

A simply apology is all the situation required, but such an action did not fall within your skill set. As such, I doubt anyone will care to offer assistance to you in the future.

Thanks for providing everyone with a crystal clear example of the quality of your character. What you do speaks so loudly, nobody can hear what you have to say.

- Spydertrader

 

[The Swordsman]

Chkitout did start this thread:

http://www.elitetrader.com/vb/showthread.php?s=&threadid=124482

He/She is obviously very frustrated and its understandable that he/she seeks proof but demanding it and calling people names/BS is innappropriate.

 

[ehorn]

Quote from romanus:

I saw bar1 = VE of CO channel, bar2=FTT and pt1 of the new down channel (dashed gray), bar3 = pt2, bar4=pt3, bar5=FTT (of the dashed gray channel), bar6=BO on decr volume, What Must Come Next didn't (expected incr black) therefore waiting for new pt3, bar7=inc dom red volume creating new pt3 down channel (solid gray).

Indeed... A classic formation to start the day. I was referring to the HUGE! volume bar on 7. Must have missed some news... But I didn't miss the non-dom volume signals on 5 and 6 leading to the PT3. D:

 

[The Swordsman]

new home sales and such. 10:00 is generally a time when news is released, as is 8:30, 2:15 and 10:30 (more oil and gas #'s though). Occasionally 12:00 will also have something but not that common.

Quote from ehorn:

Indeed... A classic formation to start the day. I was referring to the HUGE! volume bar on 7. Must have missed some news... But I did NOT miss the non-dom volume signals on 5 and 6 leading to the PT3. D:

 

[romanus]

Quote from ehorn:

I was referring to the HUGE! volume bar on 7.

Yes and how kind was it for the YM to lead the way

 

[The Swordsman]

I think its best to chalk that up to the news, fortunately the markets movements following the news coincided with our context at the time. Like Spyder mentioned before, maybe in the futures thread, news can change everything. This time, anyone who was holding short into the news was rewarded

Quote from romanus:

Yes and how kind was it for the YM to lead the way