Iterative Refinement
- Thread starter Spydertrader
- Start date
Morning chart and log attached. I'm still working on the chart colors.
Trades are what I would have taken if I was trading.
The big lateral formation between 10-11 chewed me up some. The yellow arrow indicates I was flat because of chart confusion.
Next I will look at the YM chart for clues.
Trades are what I would have taken if I was trading.
The big lateral formation between 10-11 chewed me up some. The yellow arrow indicates I was flat because of chart confusion.
Next I will look at the YM chart for clues.
What is the need for bracket orders before a 2:15 announcement then? Wouldnt it make sense to just place a trade in the direction of the smart money YM right beforehand? Or do you find that the YM does not provide accurate signals prior to a Fed release?
Fed Release and BAM! the market moves. If you could 'see' the changes fast enough, you wouldn't need the brackets.
- Spydertrader
Sorry for asking ... 
Spydertrader spent his time helping with it ...
From my yesterday's referrence:
"... the researchers found the best way to tackle mistake-learning is to repeat the word (out loud or in your head) once you find the correct answer. And instead of trying to recall the elusive word, stop and ask a colleague or look it up on the Web."
Spydertrader spent his time helping with it ...From my yesterday's referrence:
"... the researchers found the best way to tackle mistake-learning is to repeat the word (out loud or in your head) once you find the correct answer. And instead of trying to recall the elusive word, stop and ask a colleague or look it up on the Web."
What are you riding 'dead-head' in the jump seat over there? That noise you hear is a triple seven zooming right over your head. You missed the point.
The signals don't come from your TV set, your P & L or your 'gut'. The signals you need come from your instruments. Instead of airspeed indicators, simulated horizens and flap settings, we have Price, Volume ES and The YM.
This isn't VFR. It's IFR.
If you were flying over the Amazon at 2:00 in the morning which provides better information? The heads up display or the passenger in first class talking about the physics involved with controlling a jumbo jet?
- Spydertrader
The 10 am bar today exhibited the same features as a fed release. The moment that bar opened, a huge sweep down occured on the news release. I agree the YM signaled this to happen today. This is the reason I commented that news followed the current context we were in so it worked out as such. But given the speed of that sweep, if price had not spiked lower but in fact higher and with the same speed, anyone holding short would have taken a sizeable loss, if they did not have a stop loss in place of course.
Even the smart money sometimes gets it wrong prior to a news release, I think the key is to have a stop loss in to prevent those times where price moves opposite and hard to our current context
Even the smart money sometimes gets it wrong prior to a news release, I think the key is to have a stop loss in to prevent those times where price moves opposite and hard to our current context
Quote from The Swordsman:
Even the smart money sometimes gets it wrong prior to a news release, I think the key is to have a stop loss in to prevent those times where price moves opposite and hard to our current context
I'm not talking about stop losses here. I'm showing you how the YM leads the ES at points of change (often several minutes in advance. When the YM doesn't provide the early warning signal, the STR / SQU does. In this case we 'see' the signal a full two minutes before the announcement. Again, at 11:52 (all times Eastern and at close of bar) the YM showed increasing Volume with significantly less Volatility. What happened next? These dominos fall, in the same fashion, all day, every day in every market on the planet.
- Spydertrader
Quote from Spydertrader:
What are you riding 'dead-head' in the jump seat over there? That noise you hear is a triple seven zooming right over your head. You missed the point.
The signals don't come from your TV set, your P & L or your 'gut'. The signals you need come from your instruments. Instead of airspeed indicators, simulated horizens and flap settings, we have Price, Volume ES and The YM.
This isn't VFR. It's IFR.
If you were flying over the Amazon at 2:00 in the morning which provides better information? The heads up display or the passenger in first class talking about the physics involved with controlling a jumbo jet?
- Spydertrader
Thanks Spyder,
The reason I'm out here without a TV is exactly so I'm not listening to outside info. I did get the point, and know that P/V is the only thing I need. BTW my airline is to friggin cheap to buy me a heads up display.......
sscott