Iterative Refinement
- Thread starter Spydertrader
- Start date
Hi limitdown,
Thank you for the feedback.
A daily ES chart is posted every evening and you can go back to look at previously posted charts if you would like.
All formations and labels are automated, and the was code written by TUMS and can be found in the software thread including code written by Vorzo.
http://www.elitetrader.com/vb/showthread.php?s=&threadid=97684&perpage=6&pagenumber=88
http://www.elitetrader.com/vb/showthread.php?s=&threadid=97684&perpage=6&pagenumber=91
http://www.elitetrader.com/vb/showthread.php?s=&threadid=97684&perpage=6&pagenumber=90
Channels are hand drawn each night as another daily bar forms.
Feel free to ask any questions or PM if you would like.
Thank you for the feedback.
A daily ES chart is posted every evening and you can go back to look at previously posted charts if you would like.
All formations and labels are automated, and the was code written by TUMS and can be found in the software thread including code written by Vorzo.
http://www.elitetrader.com/vb/showthread.php?s=&threadid=97684&perpage=6&pagenumber=88
http://www.elitetrader.com/vb/showthread.php?s=&threadid=97684&perpage=6&pagenumber=91
http://www.elitetrader.com/vb/showthread.php?s=&threadid=97684&perpage=6&pagenumber=90
Channels are hand drawn each night as another daily bar forms.
Feel free to ask any questions or PM if you would like.
Okay, I am trying to figure out exactly what went wrong with my analysis on today's 9:55 ES bar. Perhaps others can shed some light on it . All bars times are the close of bar. My thought process was as follows:
The 9:50 bar ES showed DRV in a Pt3 down channel. The 9:50 YM bar showed an IBGS w/ the added bonus of a close near its extreme and greater Volume, therefore no flaw.
Guava enters long at close of 9:50 ES bar.
Then the 9:55 bar opens and moves higher. Great!. The YM also moves higher, but initially on DBV. At this point I thought we were in a retrace on both the ES and YM, but at the close of the 9:55 ES bar, we had a HH w/ Price inside the previous bars range. Consequently, this ain't no retrace, its Lateral Movement.
Coupled with the info on the YM, I reversed short because of the situation described on the ES as well as the new information on the YM (9:56 bar) which was showing a OB w/ IRV.
Only at the close of the YM 9:56 bar did it become clear that this OB bar w/ IRV and Price closing inside the range of the previous bar was actually not a signal for change.
But I had to make a decision at 9:55. What did I do so very wrong there?
The 9:50 bar ES showed DRV in a Pt3 down channel. The 9:50 YM bar showed an IBGS w/ the added bonus of a close near its extreme and greater Volume, therefore no flaw.
Guava enters long at close of 9:50 ES bar.
Then the 9:55 bar opens and moves higher. Great!. The YM also moves higher, but initially on DBV. At this point I thought we were in a retrace on both the ES and YM, but at the close of the 9:55 ES bar, we had a HH w/ Price inside the previous bars range. Consequently, this ain't no retrace, its Lateral Movement.
Coupled with the info on the YM, I reversed short because of the situation described on the ES as well as the new information on the YM (9:56 bar) which was showing a OB w/ IRV.
Only at the close of the YM 9:56 bar did it become clear that this OB bar w/ IRV and Price closing inside the range of the previous bar was actually not a signal for change.
But I had to make a decision at 9:55. What did I do so very wrong there?