Quote from bundlemaker:
I do not swear, call names, or the like. I'm particapating. I spoke with Magna and I was instructed to watch my tongue and NOT attack anybody or such like.
I am not, nor do I intend to do the above, EVER. Others apparently, hold themselves to different standards.
Among the many things I've been accused of is not doing "the work". This same person earlier told me that I did far more work at this than anyone he has ever seen. I continue to do the work as best I know how. WHen I report obvious inconsistancies with what has been said (even when I provide proof) I am "the cry baby".
It sure seems like I'm getting under a lot of people's skins. So be it. You'll notice I am NOT attacking, calling names, or the such. I am just reporting on my observations for others to compare with. If you don't like it, you are welcome to ignore me.
Attached is a chart of my annotations from yesterday. Note the arrows in the morning. They show entries and exits (roughly speaking) of the pt3 trades from the morning ONLY where increasing volume occurred. I apologize for the mess, all the annotations get confusing after awhile. The first arrow in a pair is the entry, second arrow exit. You will note that all three (when following forest level rules) end in a loss.
btw- for all the exclamations that there are all these people out there making money, no one has shown how it's done in real time. I have completed reviewing every chat log from Dec through March and have yet to see compelling evidence.
No wonder it hasn't been working out. If I look at your chart I'd have no idea either which side of the market is the right side. In fact I have to ignore the clusters of lines to actually see something.
I suggest you make the following improvements:
1. Draw gaussians. I mention this first because this one is the most important. Draw you gaussians so that they incorporate
both price and volume action and provide you with a context to construct your channels. The job your gaussians should do is tell you whether you're in trend or a pullback (or dom/non-dom traverse as you know it's called in the Hershey vocabulary)
It still amazes me to see how price/volume continues to tell me whether we're in a dom or non-dom. You keep going till you have the same feeling.
2. Draw lines from left to right.
3. Properly draw the volatility extensions.
4. Clean up your charts in general.
5. Apply thickness to your lines in a more logical way. Take your channel that has point 1 on the 10:55 bar and point 3 on the 12:00 bar as an example. From the thickness of your line you'd say it was a tape but I'd say it's a pretty weighted channel don't you think?
6. Create some more empty space on the
Y-axis so that every little ripple doesn't look like an insurmountable mountain. By the way you draw your lines I suspect that this is the case.
7. It's a matter of personal preference but I'd choose to go with a layout that's more restful on the eye. I'd go personally go insane if I had to look at your layout for six hours straight.
8. Were you away from your computer between 14:30 and 16:00 or something? Why are the annotations missing?
9. Get rid of the Stochastics and the Fib restracement unless they actually make you see the market.
10. Do all of the above and your charts should look more like Spyder's
You seem to be persistent which is a good thing but you also seem to offend people by your generally negative attitude. I personally don't understand what offends them - perhaps the case is that they're just growing a bit tired of the way your questions usually result in your questioning of the method as a whole. That I would understand.
I hope you find my commentary helpful.
- FerdinandAlx
More importantly to your question is, "Why didn't I bother 'cleaning up' the red channel?" The answer is: Because when the market went into CCC mode, I awaited the BO of the lateral formed by CCC and no longer concerned myself over previous channel context. Note the time of day. I found it highly unusual to 'see' the market head into CCC mode (even 24 hours before an FOMC Meeting). Seeing this environment, I simply waited for increasing Volume to 'know' which direction defined 'the right side of the market.'
