Iterative Refinement
- Thread starter Spydertrader
- Start date
The daily is interesting -- this was taken ~4:30 EDT.
Much bigger volume, FBOs on both sides of the lateral, and the IT RTL\. That's also an FBO of the ~4-day FBP inside the lat...
And yet we are back in the lateral again for now.
Much bigger volume, FBOs on both sides of the lateral, and the IT RTL\. That's also an FBO of the ~4-day FBP inside the lat...
And yet we are back in the lateral again for now.
I'm clearly missing something here. An example is in the snippet below where I've put part of guavamans gaussians and mine side by side (and of course I assume guavaman is doing the right thing 
).
The fat green line marks where the channel makes a new low. Because of this I continued my red gaussian (never mind I then continued yet another bar, that's an error). guavaman on the other hand started his decreasing black the bar before (which is what I probably would have done, too, if I hadn't been focused on "higher high and lower low").
<img src="http://www.elitetrader.com/vb/attachment.php?s=&postid=1897282"/>
There are other instances like this, I just took one that was simple to copy.
My question is, when do I respect the "lower low" (in this case) and "higher high, and when do I not? I would very much appreciate if someone have the time to provide some clarification. Or please tell me it doesn't matter .
Edit: I did a similar thing at the rightmost bar in the snippet - I see a higher high and therefore "think" that the bar (and the volume) is black.
).The fat green line marks where the channel makes a new low. Because of this I continued my red gaussian (never mind I then continued yet another bar, that's an error). guavaman on the other hand started his decreasing black the bar before (which is what I probably would have done, too, if I hadn't been focused on "higher high and lower low").
<img src="http://www.elitetrader.com/vb/attachment.php?s=&postid=1897282"/>
There are other instances like this, I just took one that was simple to copy.
My question is, when do I respect the "lower low" (in this case) and "higher high, and when do I not? I would very much appreciate if someone have the time to provide some clarification. Or please tell me it doesn't matter
.Edit: I did a similar thing at the rightmost bar in the snippet - I see a higher high and therefore "think" that the bar (and the volume) is black.
Quote from tobbe:
I'm clearly missing something here. An example is in the snippet below where I've put part of guavamans gaussians and mine side by side (and of course I assume guavaman is doing the right thing
The fat green line marks where the channel makes a new low. Because of this I continued my red gaussian (never mind I then continued yet another bar, that's an error). guavaman on the other hand started his decreasing black the bar before (which is what I probably would have done, too, if I hadn't been focused on "higher high and lower low").
<img src="http://www.elitetrader.com/vb/attachment.php?s=&postid=1897282"/>
There are other instances like this, I just took one that was simple to copy.
My question is, when do I respect the "lower low" (in this case) and "higher high, and when do I not? I would very much appreciate if someone have the time to provide some clarification. Or please tell me it doesn't matter
Edit: I did a similar thing at the rightmost bar in the snippet - I see a higher high and therefore "think" that the bar (and the volume) is black.
If I am not mistaken both bars in question (the green line and 2nd bar to the far right of snippet) represent IBGS's. These are always tricky as far as drawing in the gaussians, because a couple of changes are taking place and there aint room to draw em in on one bar =) . Hopefully someone will chime in, but I imagine this has been covered in the past if you search for 'ibgs gaussian'. Also, I would recommend avoiding gaussians that clearly do not translate. You have increasing red where the 2nd bar is obviously not increasing anything, regardless of the color. As long as you understand the sequencing and where you are in the channel, I think you will be alright.
Hope that helps...