Oh good. I was having a difficult time making sense of the gaussians when considering flaws.
Very clear and concise direction for dealing with the changes in volume that come with flaws and complicate the gaussian. Thanks.
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Spydertrader's Jack Hershey Futures Trading Journal
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Oh good. I was having a difficult time making sense of the gaussians when considering flaws.
Very clear and concise direction for dealing with the changes in volume that come with flaws and complicate the gaussian. Thanks.
For the first day of watching for harmonics and knowing what to look for it was quite the inspiring experience. Both odd and even harmonics seemed to work flawlessly(no pun intended).
While reviewing past charts I found a couple examples that I'd like to know how to avoid getting on the wrong side. I see they are stalls and continuation is in order but the harmonics might have made one reverse and miss some ticks. I imagine the DOM might have made it clear at the time what the correct action was. Is there something else that is a clue?
http://charts.dacharts.com/2007-06-07/harmonics 6-5-07.png
While reviewing past charts I found a couple examples that I'd like to know how to avoid getting on the wrong side. I see they are stalls and continuation is in order but the harmonics might have made one reverse and miss some ticks. I imagine the DOM might have made it clear at the time what the correct action was. Is there something else that is a clue?
http://charts.dacharts.com/2007-06-07/harmonics 6-5-07.png
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Quote from ticktrade:
I imagine the DOM might have made it clear at the time what the correct action was. Is there something else that is a clue?
Volume always tells the tale. While certainly The DOM (along with T&S) provides clues which show Price cannot continue in a certain direction, Volume always shows us what we do (and more importantly, what we do not) have with respect to the 'right side of the market.'
Review my post with respect to traverses which do have Flaws and Volatility Expansions prior to an FTT formation. In addition, ask yourself, "what must I have (with respect to Price and Volume) in order for the market to even show an FTT (let alone Square Wave Odd Harmonics)?"
Sometimes, the clues require a little intuitive thinking. On other occasions, the clues couldn't be more clear (note the significantly lower Volume levels in your second pink arrow). In all examples, the market is saying flaw. We simply need the time (and sufficient repetition of practice) to 'see' the answers we seek.
In your chart posted above, since you have no Flaws or Volatility Expansions prior to the alleged FTT Formation (first Pink Arrow) shouldn't your mind have remained skeptical with respect to this FTT's authenticity (at least according to my previous post mentioned above)? Once you did identify the first flaw, the second flaw has Volume provide all the clue needed.
I hope the above post provides the clarity you seek.
- Spydertrader
Wanted to ask wrt to harmonics.
I'm beginning to get my head around the Odd Square Harmonic
(OSH) and Odd Triangular Harmonic (OTH) visually on the chart.
ie DT/ DB, spikes.
However the Even Harmonic I'm not sure what to look for.
Would it be correct therefor to spot these in terms of what they are NOT.
In other words, if its not OSH or OTH (change) then it is likely to be Even Harmonic (continuation).?
Again this is only visually on chart, ie DT DB and spikes.
Unfortunatley I haven't been able to get any of the Wall/DOM excel stuff to work so unable to asses how these help.
Also if I may reference your comments about Flaws to ticktrade, above.
Is it that there are flaws but not the required volume/bar colour and levels following these flaws to validate an FTT ?
Many thx as always...
FilterTip
I'm beginning to get my head around the Odd Square Harmonic
(OSH) and Odd Triangular Harmonic (OTH) visually on the chart.
ie DT/ DB, spikes.
However the Even Harmonic I'm not sure what to look for.
Would it be correct therefor to spot these in terms of what they are NOT.
In other words, if its not OSH or OTH (change) then it is likely to be Even Harmonic (continuation).?
Again this is only visually on chart, ie DT DB and spikes.
Unfortunatley I haven't been able to get any of the Wall/DOM excel stuff to work so unable to asses how these help.
Also if I may reference your comments about Flaws to ticktrade, above.
but then you say..(note the significantly lower Volume levels in your second pink arrow). In all examples, the market is saying flaw
In your chart posted above, since you have no Flaws or Volatility Expansions prior to the alleged FTT
Is it that there are flaws but not the required volume/bar colour and levels following these flaws to validate an FTT ?
Many thx as always...
FilterTip
Quote from FilterTip:
Is it that there are flaws but not the required volume/bar colour and levels following these flaws to validate an FTT ?
I believe he means that a bar you suspect is an FTT is more likely to be one if there have been flaws before it. If there haven't been any prior flaws then it's more likely to be itself a flaw (depending on volume, of course).
Hope that helps.
I have questions (Kind of the same question) about 2 bars from yesterday.
The 12:30 bar spiked up on increasing black volume, nicely confirming the prior dip and bringing a smile to my face. But then it abruptly reversed on increasing red volume, followed by a 6 point run. Was there any way of anticipating that reversal, or is it just a matter of being alert and quick to act?
Similarly, the 2:35 bar spiked down on increasing red volume and BO'd the up channel I had drawn in (2:15-2:25 bars). I sidelined, but then it reversed and started a 6 point run up. Was there something that indicated it was forming a new point 3 rather than beginning another run down?
Thanks for any help...
The 12:30 bar spiked up on increasing black volume, nicely confirming the prior dip and bringing a smile to my face. But then it abruptly reversed on increasing red volume, followed by a 6 point run. Was there any way of anticipating that reversal, or is it just a matter of being alert and quick to act?
Similarly, the 2:35 bar spiked down on increasing red volume and BO'd the up channel I had drawn in (2:15-2:25 bars). I sidelined, but then it reversed and started a 6 point run up. Was there something that indicated it was forming a new point 3 rather than beginning another run down?
Thanks for any help...
Quote from palinuro:
The 12:30 bar spiked up on increasing black volume, nicely confirming the prior dip and bringing a smile to my face. But then it abruptly reversed on increasing red volume, followed by a 6 point run. Was there any way of anticipating that reversal, or is it just a matter of being alert and quick to act?
See Large Orange Down Carryover Channel drawn in on my chart. The 12:30 bar runs right into it, reverses, and heads lower. This (Orange) channel had been in place since just after 10:00 AM.
Quote from palinuro:
Similarly, the 2:35 bar spiked down on increasing red volume and BO'd the up channel I had drawn in (2:15-2:25 bars). I sidelined, but then it reversed and started a 6 point run up. Was there something that indicated it was forming a new point 3 rather than beginning another run down?
We know channels have a fractal nature (See Bundlemaker's Video). If you drawn a channel (tape, traverse, etc.) of a certain slope and width, you'll need another equal (and opposite) channel (tape, traverse, etc.) of similar slope and width to form the next higher fractal. Always remain on the lookout to locate these channels, as well as, not when price breaks their boundaries or forms an FTT within.
- Spydertrader
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