Iterative Refinement
- Thread starter Spydertrader
- Start date
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Hello again,
Well, today was an interesting day. I guess one should never complain when one is up. I had many stocks reach DU today, and several reached FRV. I am up, and well on almost all of them. I also sold TBSI for a 14% gain today.
However, there have been two trades over the past week which have cost me ALOT in the first 15 minutes of trading. The first was EHTH. I am still trying to dissect that gap down last week. Some of it was due to the unpredicatability of the effects of an earnings announcement. However, Spyder also challenged me to sit down with the chart and really try to understand it. I am doing so, and rereading information on trendlines and formations, since it seems to be in that area I am missing something.
The other trade was BIDZ. I have attached the daily chart below. I bought into this yesterday for a decent gain when the stock hit DU. Then today, the stock jumped down, hit my 6% trail stop, and then proceeded to work its way back up and eventually gained 1/2 point on the day.
My stop was at the VERY bottom for the day, and the stock jumped 1/2 point right after it hit it. I guess I am looking for suggestions on whether or not to put stops in before trading opens(because of things like this) and other suggestions on how to deal with situations like this.
JF
Well, today was an interesting day. I guess one should never complain when one is up. I had many stocks reach DU today, and several reached FRV. I am up, and well on almost all of them. I also sold TBSI for a 14% gain today.
However, there have been two trades over the past week which have cost me ALOT in the first 15 minutes of trading. The first was EHTH. I am still trying to dissect that gap down last week. Some of it was due to the unpredicatability of the effects of an earnings announcement. However, Spyder also challenged me to sit down with the chart and really try to understand it. I am doing so, and rereading information on trendlines and formations, since it seems to be in that area I am missing something.
The other trade was BIDZ. I have attached the daily chart below. I bought into this yesterday for a decent gain when the stock hit DU. Then today, the stock jumped down, hit my 6% trail stop, and then proceeded to work its way back up and eventually gained 1/2 point on the day.
My stop was at the VERY bottom for the day, and the stock jumped 1/2 point right after it hit it. I guess I am looking for suggestions on whether or not to put stops in before trading opens(because of things like this) and other suggestions on how to deal with situations like this.
JF
Altering the 'thickness' of your trend lines (thick for larger channels, medium for traverses and thin for tapes) might rveal a few more market signals for you. In addition, annotating 'Lateral movement' provides a key into understanding how 'harmonics' plays a role in the development of non-dominant traverses. Lastly, using OHLC bars, instead of candles allows the trader to 'see' changes within the bar - normally oberved with the 'finer' tool set. I encourage you to move from candles to OHLC bars (and believe me, I had difficulty with the switch at first and resisted it for a long time) in order that you might 'see' that which you appear to be missing.
- Spydertrader
Nice chart. Do you 'see' Volume in the same fashion as Price - even though your Volume Colors don't match the Price Colors? If not, use the Gaussians as a guide until you can match Volume Color to Price Color.
- Spydertrader
Quote from Mr_Black:
my charts today....
Thanks for posting your charts and a few of your trades. If you have the time, could you review one of the trades in order to provide some insight into your thought process. In such a fashion, others might find inspiration in your success. try to include, what you saw, what signals the market gave, and why you entered or exited.
Thanks.
- Spydertrader
I encourage you to review the 'sequences' which take place as Price moves from Point One to Point two to Point Three, as well as, the role context plays in filtering the various market signals.
- Spydertrader
See any differences between the two situations? Subtle differences make all the difference in the world.
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Chart Snip