Iterative Refinement

08-21-08 12:29 PM
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Quote from romanus:

As such it appears as if the trend has changed.
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See those horizontal lines in the Volume Pane of your charts? Perhaps, a reason exists for including them. Note how Volume moves from 'just above DU' (at 10:56 YM [close of] Bar) to the 'Extreme' levels within 4 minutes.

Note how Volume first shows increasing Volatility with increasing Volume, but then shows decreasing volatility on increasing Volume.

What you see here is a change in Pace - similar in fact to the recent change in pace which gave ivob (and others) difficulty.

In this specific example, one simply knows to fan the RTL of the Red Traverse because the trend (down) has not ended, nor did the market provide any indication of a change in dominance prior to the change in pace.

HTH.

- Spydertrader

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08-05-08 08:18 PM

Bar 4 shows the trader a Sym Pennant (the market moves sideways confirming the change signal on the previous bar) and Bar 5 heads higher (as the market indicated two bars prior) breaking out of the Pennant on increasing black Volume. The next two bars provide additional higher highs on additional increasing black Volume. What appears as Peak Volume exhibits a subtle difference to the actual signal - Pace Acceleration. One can study the effects of Pace Acceleration by reviewing the 5 minute ES on 7-30-2008 from 15:15 to EOD. How can we know for sure Bar 7 doesn't signal Peak volume? Bar 8 moves higher. Of course, in hindsight this is perfectly clear. However, in real time, (once differentiated) the difference is also crystal clear. I leave to you the work of differentiation.

As to whether or not a Traverse exists on the 4 bar run up in Price and Volume, Ask yourself, "What do all Traverses have in common?" and "Do my annotations reflect this?"

Make sure you use only the tools avilable on the five minute ES.

- Spydertrader

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09-24-08 04:27 PM
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Quote from treeline:

On a related note, I think that a Step-Up in Pace is not quite the same as a Pace Acceleration in that a Step-Up in Pace doesn't require acceleration of the Gaussian slope. Is this correct? If so, then is it also correct that the above paragraph will hold true if we substitute the phrase "Step-Up in Pace" for the phrase "Pace Acceleration"?
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A 'step up' in pace (Pace Change) may develop in both dominant and non-dominant movement. Whereas, Pace Acceleration occurs only on the dominant side of things.

Pace Accleration often looks extremely similar to Peak volume (and requires differentiation for those who have yet to overcome this obstacle).

HTH.

- Spydertrader
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Recently there was dialog about how some posters are overcomplicating things.

Attached is a chart to demonstrate the underlying basic uncomplicated principles of the framework.

Highlighted on the chart are RED ( short ) and Green ( long ) Entries. Green entries are lower lows with increasing volume vs previous bar and price close in the upper 30% of the range and above the previous bar close. Red Entries just reverse the logic of the green entry.

This is not a trading system, context is completly ignored, but demonstrates the volume and price aspects of this system ignoring all of the other logic that ( sequences, LM, LF, etc, formations, WTF, etc. ) that is constantly talked about. Alot of good signals occured at the Close of the 5 minute interval today. As mentioned before this is not always the case.
 

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Quote from TIKITRADER:

Looks like you have done some serious professional work in the past with idea boards,
nice work.
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Thanks for the compliment, but it's just been a casual interest of mine for a number of years. :)

Quote from Tums:

I am intrigued... this might just be the thing we can use to learn how to learn.
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I think Mind Maps (and variations thereof) are terrific multi-purpose tools, and would strongly recommend anyone who has an interest in learning/teaching/presentation etc so explore them. A great book on the subject is Mind Maps: Radiant Thinking by Tony Buzan.

If this is helpful, I'd be happy to put more of these together as I continue on the journey.
 
Quote from gucci:

Hi, Mr_Black,

did you deliberately swap the color of TL on your last illustration?
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I was training to draw TL's from right to left.... from future to now and past ..... for the colors it was not intentional
 
Quote from gravitonium77:

Clearly, MUCH is being held back. Too bad, this is hardly what Mr Hershey had in mind vis a vis paying it forward. [/B]
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I doubt if anything is being held back, it's all laid out in these journals for the taking.

Tums and Avi are being criticised, they have been paying it forward in their own way, I have learnt a lot from those two in the last 18 months.
I've personally tried to help you behind the scenes. I am sure Jack appreciates the effort Spyder has put in, please show some gratitude, he has done more than enough. What have you done?
Don't bother replying I have just clicked the ignore button. :D

PEACE
 
Today so far.. I think we have a new uptrend, black is dominant. This is assuming bar 8 is really lower red gaussian peak and is an ibgs with substantial black volume.
 

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Quote from ptunic:

Today so far.. I think we have a new uptrend, black is dominant. This is assuming bar 8 is really lower red gaussian peak and is an ibgs with substantial black volume.
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Check the bars' mode... The black long bar was still in Down mode, which led to the Lateral that followed. Also, look for traverse level changes!
 
Quote from Mr_Black:

I was training to draw TL's from right to left.... from future to now and past ..... for the colors it was not intentional
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And I started thinking, that therein resides the difference between vertical and horizontal orientation.:)
 
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