Iterative Refinement

Quote from cnms2:

You could reverse after the 1425 VE, on 1430's decreasing non-dominant volume. Later, the 1445 had increasing black volume that cancelled the 2 tic IBGS. See attached.
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Yes, but a 2.5 point loss would be very possible there.

Also 14:25 was a FBO (not drawn in my example) of another upchannel. However that was kind of hard to see because 14:20 BO'ed and at 14:25 price was crawling back in the channel again.. Looked like price was riding RTL indicating a pt3 would follow soon.

I think either you have to be short at the close of the 14:15 bar (so at a good price, no loss) or else let it go and wait for a point 3 down (that didn't come in this example).

Another thing is that these things (no follow through) typically happen at these volume levels. However, price went down with so much force in that bar (also YM) that I was convinced sentiment had changed.

regards,
Ivo
 
Quote from Spydertrader:


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Start with the Break Out of the Lateral Formation on your chart (which developed on increasing red Volume. What must come next? Did it? What does such an event signal? What does the YM say at this Point in time?

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- Spydertrader
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Okay I see what you mean. After this BO of the lateral formation we need more increasing red the next bar. That didn't happen. One should be out by the close of 14:30 bar.

thanks,
Ivo
 
Quote from Ireland:

Has anyone automated the equities search for earnings dates and would you be willing to share?
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I am working on automating the equities methods. I have posted some C# code in the software thread. I will post an update there next week. I have not looked into earning lookups, but I'm interested in hearing from some who have :-)
 
I listed some overall rules on the signals to decide points of change or continuation. It should help with "A" and "D". Of course your resolution level and context may change some of these. Check out the list and let me know if anyone has any additions and I'll include them on the corrected version.
 

Attachments

Quote from sscott:

I listed some overall rules on the signals to decide points of change or continuation. It should help with "A" and "D". Of course your resolution level and context may change some of these. Check out the list and let me know if anyone has any additions and I'll include them on the corrected version.
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I already corrected the title, "Continuation or Change"
 

Attachments

Quote from treeline:

This Excel spreadsheet was provided by someone quite a while ago. I apologize for not giving credit to the author, but I don't remember who it was. Unfortunately I haven't gotten it to work on Vista but it works fine on XP.
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There was a timing issue with the opening and closing of the hidden instances of Internet Explorer required to run the script. If your error in Vista was "remote server error" then you might try a current version. The most current version is always available here.
 
If anybody could share their insight on 1450 [close of] bar, I would greatly appreciate that. It is an IBGS, which signals change. Since it closed within the previous bar range I am permitted to look at YM, which at 1450 [close of] shows retraces on decreased red volume following an FTT a bar earlier. And yet the price continues to traverse all the way to LTL.:confused:
 
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