The highlighted red area of your quote represents the dictionary definition of "Price struggling to move further."
- Spydertrader
Iterative Refinement
- Thread starter Spydertrader
- Start date
The highlighted red area of your quote represents the dictionary definition of "Price struggling to move further."
- Spydertrader
Your Friday (4:22 PM) chart looked pretty good with respect to Gaussians, so I do not have a clear picture what obstacle you hope to overcome with your efforts currently. However, if you are attempting to match Gaussians to your carryover channel, your current gaussians are for a faster fractal, and do match accordingly. They just don't match the slower fractal (carryover Channel), nor do you need to try to make them match (in this example).
- Spydertrader
Quote from ehorn:
...channels must match volume and gaussians in order to be of any value.
Quote from romanus:
That statement has been driving me nuts for a little while now
Understanding the Gaussians shouldn't be so difficult or painful.
If you do not see the gaussian messages in the snippets, don't feel frustrated.
The messages in snippets must be too "complicated".
Let us take one step back.
Let's start from square one.
Do you think you can draw a picture of a text book gaussian?
Give it a try to the best of your knowledge.
Once you have posted the drawing, we can take up the exploration and discussion from there.
p.s. everybody is welcomed to post your drawing and chip in your thoughts.
As I was doing my video debrief for 4/21/08, I attempted a bar-by-bar analysis similar to those recently posted by Spydertrader and Avi 8. I'll attach a Word document to this message and then I'll post screenshots of all entries, reversals, and exits.
It's cool to see that a beginner can make significant profits on a day with half the volatility of the average day, a day which forms the inside bar of a Symmetrical Pennant on the daily chart.
To be clear, all of this was done in hindsight, during my video debrief. I didn't take any of these trades in real time.
My mantras:
Look for Reasons to Hold
Hold through Lateral Movement
Act Only at Opens of ES Bars
It's cool to see that a beginner can make significant profits on a day with half the volatility of the average day, a day which forms the inside bar of a Symmetrical Pennant on the daily chart.
To be clear, all of this was done in hindsight, during my video debrief. I didn't take any of these trades in real time.
My mantras:
Look for Reasons to Hold
Hold through Lateral Movement
Act Only at Opens of ES Bars