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Iterative Refinement
- Thread starter Spydertrader
- Start date
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While I am not sure, note the similar situation:
http://www.elitetrader.com/vb/attachment.php?s=&postid=2038716
where 10:35 kills the Lateral:
http://www.elitetrader.com/vb/showthread.php?s=&postid=2038761#post2038761
I suspect the last sentence from this post:
http://www.elitetrader.com/vb/showt...rection+and+increasing+and+volume#post1590238
"... what we always look for - Price direction on increasing volume"
could be an answer.
David - This particular example was a wide lateral. Draw in tapes and there is a 1,2,3 traverse. It ends with an IBGS on increasing volume, which puts in the channel pt 3 and starts a new traverse.
Romanus - regarding your example, to get clarity, I noticed the bars you referenced were open of (for example the decreasing black). The software used in the example are close of bars. The red bar is the 10:30 bar.
So did the red 10:30 bar indicate the lateral was over, or the black 10:35 bar? Was Spyder using your referenced bars to be consistent?
See attached
Romanus - regarding your example, to get clarity, I noticed the bars you referenced were open of (for example the decreasing black). The software used in the example are close of bars. The red bar is the 10:30 bar.
So did the red 10:30 bar indicate the lateral was over, or the black 10:35 bar? Was Spyder using your referenced bars to be consistent?
See attached
I would appreciate some help with a change signal.
I thought 1005 bar was completing an up seq but can not see change without finer tools at that time. In hindsight it was change
I managed to exit long there due to completion on lower gaus among other things but using just es did not see a reason to short.
I thought 1005 bar was completing an up seq but can not see change without finer tools at that time. In hindsight it was change
I managed to exit long there due to completion on lower gaus among other things but using just es did not see a reason to short.The ES 9:50 [close of] Bar signals change - several ways.
The sequence completed on the ES 9:50 [close of] Bar
Quote from ticktrade:
In hindsight it was <strike>change</strike> continuation
Each day (during the period of time when the Markets 'sync') a trader needs to determine if the market is finishing what began the day before, or if the market is building something new for the current day. Begin with the Final Bar of the previous day, and walk through the sequences of Price and Volume as the market moves from Point One to Point Two to Point Three.
Excellent. When the market provided a "What wasn't that?" scenario, you had the ability to recognize it, and more importantly, quickly correct any error made.
- Spydertrader
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FYI, The 12:25 ES [close of] bar does not represent Peak Volume.
FYI, The 12:25 ES [close of] bar does not represent Peak Volume.
Thanks spyder.
i will review the seq. carry over. having troubles updating prior day on laptop at this time.
I'm fully aware the way I'm tracking sequences at this time, the sync period is often not as it appears. But knowing this I am able to find my way with wmcn.
I still fail to see how 950 bar is continuation. An outside bar on IBV? I can now see the signal for change and completion on the 950 bar and in that scenario the 1005 bar would not have been a welcome sign but an acceptable one. I usually get a lower gaus peak before completing a sequence of events, at least in the form of MADA I am currently working with. This is not a hard rule, rather a general observation that has been serving me well.
i will review the seq. carry over. having troubles updating prior day on laptop at this time.
I'm fully aware the way I'm tracking sequences at this time, the sync period is often not as it appears. But knowing this I am able to find my way with wmcn.
I still fail to see how 950 bar is continuation. An outside bar on IBV? I can now see the signal for change and completion on the 950 bar and in that scenario the 1005 bar would not have been a welcome sign but an acceptable one. I usually get a lower gaus peak before completing a sequence of events, at least in the form of MADA I am currently working with. This is not a hard rule, rather a general observation that has been serving me well.