Iterative Refinement

[gucci]

Quote from Spydertrader:

1. I provide advice on where to locate the answer to a question you posted. Instead of following that advice, you repeat the question - twice.

2. I then point out how debating an answer doesn't equate to locating the answer oneself.

3. You decide I have implied your posting is a waste of time.

See any red flags here?

- Spydertrader

______________________________

I didn't decide anything but asked and posted the question twice because I couldn' find the answer in the charts. I'm really trying to paint the flags green and get the fundamentals down cold

 

[guavaman]

Quote from gucci:

because I couldn' find the answer in the chart.

Spyder said:

I suspect the answer to this question can be found in the charts.

 

[Avi 8]

Quote from gucci:

...I'm really trying...

Did you just try to ask the question a third time?

 

[romanus]

Quote from Spydertrader:

Now, what does the YM say for each ES bar in the original example?

YM bars:
1050 [close of] price moved in dominant direction on increased volume = continuation
1054 [close of] price moved in dominant direction on increased volume = continuation
1100 [close of] price moved in dominant direction on increased volume = continuation ( the fact that it also moved up failing to BO SYM upper boundary creating an outside bar and IBGS, thereby signaling to go short, reaffirms continuation of the down movement)
1104 [close of] is IBGS signalling change
1110 [close of] price moved in dominant direction on decreased volume = change

Quote from Spydertrader:

What action is required?

Reverse at the close of 1110 [close of] ES bar if not already reversed at the close of 1105 [close of] ES IBGS bar.

 

[gucci]

Quote from Avi 8:

Did you just try to ask the question a third time?

_________________________

Thanks...

 

[romanus]

Quote from Aurum:

ES
10:50 - Change (to long) - BO of a pennant on decreasing red volume
10:55 - Continuation (hold short) - increasing red volume
11:00 - Change (to long) - volatility expansion on decreasing red volume
11:05 - Change (to long) - IBGS on increasing red volume
11:10 - Change (to long) - decreasing red volume

YM
10:50 - Continue (hold short) - BO of lateral formation on increasing red vol
10:54 - Continue (hold short) - increasing red vol
11:00 - Continue (hold short) - BO of lateral formation on increasing red vol
11:04 - Change (to long) - IBGS on increasing red, return inside prev bar
11:10 - Change (to long) - BO of pennant on decreasing red vol

-Au

Obviously my YM chart looks a bit different due to data provider

 

[romanus]

Quote from Pepe:


Struggling with why "change" signals happen on the market !

- Price struggles to move forward ?
- no more buyers/selleres for a specific price ?

I suspect the why was meant to elicit the analysis

 

[Tums]

Quote from gucci:
I didn't decide anything but asked and posted the question twice because I couldn' find the answer in the chart. I'm really trying to paint the flags green and get the fundamentals down cold

Gucci: Welcome to the journey.
I know how you feel: You want to get up to speed with everybody, and yet you are missing some of the fundamentals. It is like trying to understand grade 2 mathematics when you are barely half way through grade 1.

Well, there is no easy way out. All the questions you are asking has been discussed and dissected before. The best approach is to read the journal from page one. The only short cut I would do is to read Spyder's post only, and skip everybody's in your first round of reading. Spyder always make quotes when he replies a question, so you won't be missing out too much.



p.s. If you think you are frustrated now, think how we felt then -- time was in forever slow motion.

 

[Aurum]

Quote from romanus:

Obviously my YM chart looks a bit different due to data provider

I think you might be referring to my description of the YM 11:04 bar - which probably would read better as:

Increasing red which then retraced inside the previous bar and formed an IBGS.


BTW, nice commentary on the YM 11:00 bar!

(I'd post a chart, but with my current computer setups, it's too much of a pain to do so...)

-Au

 

[romanus]

Quote from Aurum:

I think you might be referring to my description of the YM 11:04 bar

Actually it was BO of the pennant 1110. I don't have the pennant on any of my 2 data providers.