Iterative Refinement
- Thread starter Spydertrader
- Start date
Come on now folks.
Anything different about the bar directly after the bar which signaled change??
Anything at all????
Note also the YM (15:36 to 15:42 [close of] bars). Three Change signals back to back to back - with the last one forming an FTT. Peak Volume, Pennant, Formation FBO (also an IBGS), followed by an second IBGS.
- Spydertrader
ES 20080520
A couple of questions:
1. I saw the 13:35 (close) bar as a Long signal due to incr red vol and FBO of the sym. YM at 13:34 showed LL on decr red vol, supporting the long. Was this a valid L signal?
2. With a change signal at 15:40 (incr red vol and decr range) I was anticipating pt2 to pt3 and so held short. I saw 15:50 rtl bo on decr blk vol so was expecting to fan for pt3. Yes, there are change signals on YM but there usually are going from pt2 to pt3. How is one expected to know when to hold 2 to 3 and when to rev?
David
A couple of questions:
1. I saw the 13:35 (close) bar as a Long signal due to incr red vol and FBO of the sym. YM at 13:34 showed LL on decr red vol, supporting the long. Was this a valid L signal?
2. With a change signal at 15:40 (incr red vol and decr range) I was anticipating pt2 to pt3 and so held short. I saw 15:50 rtl bo on decr blk vol so was expecting to fan for pt3. Yes, there are change signals on YM but there usually are going from pt2 to pt3. How is one expected to know when to hold 2 to 3 and when to rev?
David
Hey all,
I have watched the channels video and am reading and rereading the channels document. I am going through the daily charts of my Final Universe and drawing daily charts. I have two questions, however.
1) I understand that pt1 of a new channel occurs at the FTT before the bars which BO (if they do) through the RTL. However, where is pt1 of the new channel when price breaks through the Left Trend Line?
2) I know they will be rather simple, but I'd like to post my initial efforts here. I'd like my mistakes caught early so they do not become habit
. Am I correct in that the FIRST thing to do is get trendlines down, and THEN worry about Gaussians once I have TL's down pat?
Thanks again all!
JF
I have watched the channels video and am reading and rereading the channels document. I am going through the daily charts of my Final Universe and drawing daily charts. I have two questions, however.
1) I understand that pt1 of a new channel occurs at the FTT before the bars which BO (if they do) through the RTL. However, where is pt1 of the new channel when price breaks through the Left Trend Line?
2) I know they will be rather simple, but I'd like to post my initial efforts here. I'd like my mistakes caught early so they do not become habit
. Am I correct in that the FIRST thing to do is get trendlines down, and THEN worry about Gaussians once I have TL's down pat?Thanks again all!
JF
Correct. The YM even attempts to confirm this 2 minutes later. Two minutes after that, the market headed lower. At the time you made your decision, you did so correctly. After that time, the market changed.
You skipped over The ES 15:45 [close of] Bar. What does this bar tell you?
- Spydertrader
It might be back at Point Three of the current trend if one needs to draw an acclerated Channel, or it could fall at the last 'trough' in volume.
Yes. Chanels First, then learn to match the Gaussians to the channels.
- Spydertrader