Iterative Refinement

[ljyoung]

Quote from romanus:

I take it that the trendlines in your snip are for a faster fractal (sub-fractal) traverse yes and not for a 5 min ES level traverse. Otherwise one of us is missing something (something like a critical component of monitoring perhaps) When being told that I've done that, I like to have 'missed' and 'critical' in large bold red letters.

What happened to nkhoi. I know he's hanging around here somewhere (ho, ho).

lj

 

[romanus]

Quote from ljyoung:

What happened to nkhoi. I know he's hanging around here somewhere (ho, ho).

lj

He is a good man - he brought Jack Hershey to ET. So tomorrow he is definitely on a very short list of people to give thanks to.

 

[ljyoung]

Quote from romanus:

He is a good man - he brought Jack Hershey to ET. So tomorrow he is definitely on a very short list of people to give thanks to.

Couldn't agree with you more romanus. nkhoi is OK by me.

lj

 

[Neoxx]

Quote from Spydertrader:

The Day Begins

The market opens, and our day begins, with a large gap upward in Price. We know that Price heads higher in the dominant direction on Increasing Black Volume. We also know (based on the Pre-Flight Check) that we need to have increasing black Volume to complete our sequences from Point One to Point Two to Point Three, and then, we need to see a signal for change.

Bar one provdes just that. We see Price move higher on increasing black volume and form an IBGS by end of bar. As a result, the market has completed the sequences which it had to finich on Friday, and has alos began a new set of sequences for the day.

- Spydertrader

Reviewing some earlier posts, I came upon this from the 8th September.

Am I correct in my understanding that as bar 1 rarely shows actual decreasing volume over the prior bar 81, it cannot establish dominance but it can continue pre-established dominance.

 

[ehorn]

Quote from Neoxx:

Reviewing some earlier posts, I came upon this from the 8th September.

Am I correct in my understanding that as bar 1 rarely shows actual decreasing volume over the prior bar 81, it cannot establish dominance but it can continue pre-established dominance.

Spyder walked through a DOM/NON-DOM Drill a bit back which may be useful in an analysis of dominance as the day begins and throughout RTH.

HTH

 

[ehorn]

Happy Thanksgiving everyone,

As we enter into the Holiday season, remember those less fortunate than ourselves. That number is surely growing. As the old saying goes, “money is a whole lot like manure, it just ain’t no good unless you spread it around.”

A special thanks to Jack and Todd for their patience and sharing.

 

[Neoxx]

Quote from ehorn:

Spyder walked through a DOM/NON-DOM Drill a bit back which may be useful in an analysis of dominance as the day begins and throughout RTH.

HTH

Thanks for the link, Ehorn. I was much newer to the method when Spyder initially posted that, and I found far more hooks on which to hang the information this time around.

My actual question was more a desire to confirm (as a generalization) that the first bar of the day could complete a carryover sequence and signal change.

 

[nkhoi]

Quote from ljyoung:

nkhoi, please see attached with question.

lj
...

I have a small chart, about 1/2 size of ET chart, so that was what I saw.

OB should be red, hopefully sierrachart will fix that soon.

 

[ljyoung]

Quote from nkhoi:

I have a small chart, about 1/2 size of ET chart, so that was what I saw.

OB should be red, hopefully sierrachart will fix that soon.

Thank you nkhoi. You are a gentleman and a scholar and a trader. Happy Bird-day to you and all thread denizens.

lj

 

[Spydertrader]

For those of you trading Equities, keep in mind the half day on Friday (1 PM Close), and the subsequent effect on Dry Up calculations for Monday. Futures Traders need to recognize the early close (1:15 PM) on Friday as well.

(All times Eastern)

- Spydertrader