Iterative Refinement
- Thread starter Spydertrader
- Start date
Hey there,
Here's one of those places I get confused when coloring bars. Yesterday on TRA showed decreasing volume and a red volume bar, however the stock clsed up compared to the previous day.... it was just down from its opening. Would this technically be a red or black bar?
JF
Looks like TRA just completed a 1->2->3 up sequence, so I'd now be scanning for an FTT then look for a 1->2->3->FTT down. However, what occurs between now and the start of that sequence isn't yet known.
We know that there will be an FTT in that channel at some time and that it will be followed by a down sequence, but don't know when those will occur. I think this is what Spyder means by watching for when the future to become the now.
- Talas
morning mada using YM context at ES EOB (end of bar)
1 ibv es, ym drv LONG
2 drv es, retrace of CO chnl
3 drv es , ym showed change 15 sec. into new bar REVERSE SHORT
4 drv es, half way through ym ve on drv peak, than ibv
5 irv es, p1-p2 move confirmed
6 drv es
7 ibv on both p2-p3 possible
8 irv es, big tail almost ibgs confirmed bar 7 as p3, not the best chnnl
9 drv es irv ym
10 dec vol ib es, ibv ym after peak vol REVERSE LONG
11 dbv as expected for retrace forming better p3
12 dbv es, chad pointed out fbo of lateral, prolly shuda revrsd
13 more dbv es and no sign to rev, dont like being long here
14 ibv es and p3 up
15 ibgs es irv REVERSE SHORT
16 irv es
17 drv es and ym
18 ib dec vol
19 irv es not the kind i want. exit done for morning.
chart link
http://charts.dacharts.com/2008-05-13/es.png
upon review, before subimitting post I found a few annotation errors in the mada. left them uncorrected, find them
1 ibv es, ym drv LONG
2 drv es, retrace of CO chnl
3 drv es , ym showed change 15 sec. into new bar REVERSE SHORT
4 drv es, half way through ym ve on drv peak, than ibv
5 irv es, p1-p2 move confirmed
6 drv es
7 ibv on both p2-p3 possible
8 irv es, big tail almost ibgs confirmed bar 7 as p3, not the best chnnl
9 drv es irv ym
10 dec vol ib es, ibv ym after peak vol REVERSE LONG
11 dbv as expected for retrace forming better p3
12 dbv es, chad pointed out fbo of lateral, prolly shuda revrsd
13 more dbv es and no sign to rev, dont like being long here
14 ibv es and p3 up
15 ibgs es irv REVERSE SHORT
16 irv es
17 drv es and ym
18 ib dec vol
19 irv es not the kind i want. exit done for morning.
chart link
http://charts.dacharts.com/2008-05-13/es.png
upon review, before subimitting post I found a few annotation errors in the mada. left them uncorrected, find them
Bar 8 on the ES. Confirmed by Bar 9. Note the YM during Bar 8 ES as well. How many signals do you need?
- Spydertrader
I see this clearly. As bar 9 forms, the ES is almost entirely contained within the range of the prior bar. For a brief moment the ES declined below the prior bar, then moved back into bar 8's range. This gave permission to view YM again. Shortly upon bar 10's open, the YM clearly went IRV and closed outside it's own lateral movement. I would have gone short again here.
Referring back to the post on YM permissions, I recall that when given permission, we MUST look at YM. If so, I don't follow how one can use the first YM signal talked about as change, but the signal I just referenced can be ignored.
Have I misunderstood something here? Thank you very much for your help.
The mada I posted earlier was not based on YM permissions. Soley used the ym context as the es bar was ending. There are often signs of change intrabar but the purpose of this drill is not intended for intrabar analysis. If one sees those changes intrabar, I would suggest making mental notes of the situation. Often in this drill I have seen what appeared to be intrabar changes and by bar end the correct position was to hold. This drill has proved to me I am not ready for intrabar decision since I can not always distinguish which ones to take. Some are quite obvious and after more experince with this type mada I imagine the clarity I need to do intrabar will present itself, until than this is a very relaxing way to view the market and so far as proven profitable.