Iterative Refinement
- Thread starter Spydertrader
- Start date
Yes, I actually forgot to label yesterday as an FTT as of the close of today. I will add the FTT and keep it there, unless it gets taken out by increasing price
Attached is my version of PWRD. I have a question on sym pennants which you annotated. Somewhere I picked up the idea that the left bar in the pennant had to have greater volume than the bar to its right. Am I mistaken or does it not make a difference.?
Thanks and appreciate any guidance.
Busy day on market, but mostly down. As a result, only 2 Bruno picks for Wednesday - - CRY and STV. Stocks in Dry Up are CALM
CHDX CZZ DLB LXU MALL OME RICK UDRL VDSI ZUMZ.
There was a crazy or two among the tenured stocks today and especially OMNI which I have attached. With a volume blip like this, WMCN has me puzzled. The extent of volume signifies change but these are not normal times in the oil field.
Also, FTK and TRGL have interesting charts after today and might be at a decision point.
Thanks in advance for any comments.
CHDX CZZ DLB LXU MALL OME RICK UDRL VDSI ZUMZ.
There was a crazy or two among the tenured stocks today and especially OMNI which I have attached. With a volume blip like this, WMCN has me puzzled. The extent of volume signifies change but these are not normal times in the oil field.
Also, FTK and TRGL have interesting charts after today and might be at a decision point.
Thanks in advance for any comments.
I'm late to the discussion again, but I have a different question about this sequence:
I saw change to Long confirmed with that incr B bar, but then the next bar's much decr B volume suggested change back to Short.
Doesn't that bar indicate a nondominant traverse, looking for a retrace to fanned pt3? (And we do BO the down channel you've drawn on decreasing volume.)
Hallo! I've been a lurker for a while now and first of all want to thank Spydertrader for his indefatigable effort. Your support is much appreciated. Also a huge thank you to all constructive contributors to this very informative thread. I'd like to ask a question. I must be missing something, but I have a difficult time to reconcile the following two statements from: Spydertrader:
1)Three ways exist for Price to move from Point Two to Point Three.
2)OK, so right here you either override the market signal and hold from Point Two to Point Three, or the trader reverses.
One bar later on the ES, we see increasing black. Anybody holding short through increasing black isn't thinking clearly.
Sorry if it's been already discussed before. TIA
1)Three ways exist for Price to move from Point Two to Point Three.
2)OK, so right here you either override the market signal and hold from Point Two to Point Three, or the trader reverses.
One bar later on the ES, we see increasing black. Anybody holding short through increasing black isn't thinking clearly.
Sorry if it's been already discussed before. TIA
Sure but we trade the 5 minute fractal.
While expecting a point 3 down it is completely acceptable for the chubby tape to be broken right before the point 3 is formed. Can you imagine if I would try to trade every chubby tape break...
However, increasing black is not acceptable of course.
regards,
Ivo
While expecting a point 3 down it is completely acceptable for the chubby tape to be broken right before the point 3 is formed. Can you imagine if I would try to trade every chubby tape break...
However, increasing black is not acceptable of course.
regards,
Ivo
