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Technical Strategy
- Thread starter Tums
- Start date
Narrative 2
Peak volume noted in retrospect for bar 37.
Volume threatens to slip below VDU. Moments later, a relative surge of P and V gives the traverse point 3.
I wondering if Iâm making too much of these miniscule moves. PACE steps up to DU and confidently continues its post-point-3 ascent. Volume slumps and price reverses intrabar, almost closing back within the lateral.
An IB is slowly taking shape, and I am almost caught off-guard as the bar breaks the low of the now-FTT bar and slices through the RTL. I reverse short. An R2R obligingly arrives as volume climbs to DU.
I observe the trend to successively shorter traverses as price steadily declined since the open.
The entire day looks like a pennant, whose apex we are slowly but surely reaching. Volume is still in VDU. The mid-day breakout may be violent.
Iâve been hiking Gaussian hillocks. A spider may have scuttled down a long black slope.
Case 3a gives me a long isosceles triangle. The short traverse is yet to take shape. I wonder if the prior traverse will end up being fanned. PACE steps up, price breaks out of the tight formation, and I annotate a new traverse point 3 up.
Now I wonder if we really have a point 3 down. I promptly reverse as price breaks the low on increasing volume. A traverse VE subsequently probes below the channel RTL.
I notice that the commentary makes the time pass faster.
A puzzling and pivotal time. Technically, no traverse FTT, just the VE. A concomitant failed channel breakout. Volume still in the gutter. Increasing volume suggests this is no traverse retrace, but I will wait until the latter stages of this bar (53) to see what transpires. Volume drops, still VDU volume, noncommittal price move, so I continue to hold my short position.
Canât help wondering if these long lunch-breaks have something to do with the obesity epidemic.
Bar 57, and time passes in slow motion. Iâm still holding my short position as conflicting channel and traverse RTLs inexorably converge.
Questions
P.S. Jack, attention completely rapt on chart/log(/narrative). Have been unable to read your comments. Will do so immediately after RTH.
Peak volume noted in retrospect for bar 37.
Volume threatens to slip below VDU. Moments later, a relative surge of P and V gives the traverse point 3.
I wondering if Iâm making too much of these miniscule moves. PACE steps up to DU and confidently continues its post-point-3 ascent. Volume slumps and price reverses intrabar, almost closing back within the lateral.
An IB is slowly taking shape, and I am almost caught off-guard as the bar breaks the low of the now-FTT bar and slices through the RTL. I reverse short. An R2R obligingly arrives as volume climbs to DU.
I observe the trend to successively shorter traverses as price steadily declined since the open.
The entire day looks like a pennant, whose apex we are slowly but surely reaching. Volume is still in VDU. The mid-day breakout may be violent.
Iâve been hiking Gaussian hillocks. A spider may have scuttled down a long black slope.
Case 3a gives me a long isosceles triangle. The short traverse is yet to take shape. I wonder if the prior traverse will end up being fanned. PACE steps up, price breaks out of the tight formation, and I annotate a new traverse point 3 up.
Now I wonder if we really have a point 3 down. I promptly reverse as price breaks the low on increasing volume. A traverse VE subsequently probes below the channel RTL.
I notice that the commentary makes the time pass faster.
A puzzling and pivotal time. Technically, no traverse FTT, just the VE. A concomitant failed channel breakout. Volume still in the gutter. Increasing volume suggests this is no traverse retrace, but I will wait until the latter stages of this bar (53) to see what transpires. Volume drops, still VDU volume, noncommittal price move, so I continue to hold my short position.
Canât help wondering if these long lunch-breaks have something to do with the obesity epidemic.
Bar 57, and time passes in slow motion. Iâm still holding my short position as conflicting channel and traverse RTLs inexorably converge.
Questions
- Is there an optimal method (with the current toolset) for orientation during VDU, especially at conflicting channel and traverse boundaries?
P.S. Jack, attention completely rapt on chart/log(/narrative). Have been unable to read your comments. Will do so immediately after RTH.
Narrative 3x
Feel like Iâve lost my way here. Whipsaw trading. Catching up after the posting. I realize Iâve missed a long traverse that could have been annotated, commencing with the VE on bar 51. The persisting low volume and conflicting trendline convergences are generating a blinding miasma of overlap and noise. If only I had galoshes, the swamp would be easier to navigate.
I expect some BMIs are increasing to unhealthy levels.
Breakout of the long lateral and traverse RTL on increasing volume and I reverse long. Am glad to see the return of volume.
Feel like Iâve lost my way here. Whipsaw trading. Catching up after the posting. I realize Iâve missed a long traverse that could have been annotated, commencing with the VE on bar 51. The persisting low volume and conflicting trendline convergences are generating a blinding miasma of overlap and noise. If only I had galoshes, the swamp would be easier to navigate.
I expect some BMIs are increasing to unhealthy levels.
Breakout of the long lateral and traverse RTL on increasing volume and I reverse long. Am glad to see the return of volume.
Quote from Neoxx:
Narrative 2
Peak volume noted in retrospect for bar 37.
Volume threatens to slip below VDU. Moments later, a relative surge of P and V gives the traverse point 3.
I wondering if Iâm making too much of these miniscule moves. PACE steps up to DU and confidently continues its post-point-3 ascent. Volume slumps and price reverses intrabar, almost closing back within the lateral.
An IB is slowly taking shape, and I am almost caught off-guard as the bar breaks the low of the now-FTT bar and slices through the RTL. I reverse short. An R2R obligingly arrives as volume climbs to DU.
I observe the trend to successively shorter traverses as price steadily declined since the open.
The entire day looks like a pennant, whose apex we are slowly but surely reaching. Volume is still in VDU. The mid-day breakout may be violent.
Iâve been hiking Gaussian hillocks. A spider may have scuttled down a long black slope.
Case 3a gives me a long isosceles triangle. The short traverse is yet to take shape. I wonder if the prior traverse will end up being fanned. PACE steps up, price breaks out of the tight formation, and I annotate a new traverse point 3 up.
Now I wonder if we really have a point 3 down. I promptly reverse as price breaks the low on increasing volume. A traverse VE subsequently probes below the channel RTL.
I notice that the commentary makes the time pass faster.
A puzzling and pivotal time. Technically, no traverse FTT, just the VE. A concomitant failed channel breakout. Volume still in the gutter. Increasing volume suggests this is no traverse retrace, but I will wait until the latter stages of this bar (53) to see what transpires. Volume drops, still VDU volume, noncommittal price move, so I continue to hold my short position.
Canât help wondering if these long lunch-breaks have something to do with the obesity epidemic.
Bar 57, and time passes in slow motion. Iâm still holding my short position as conflicting channel and traverse RTLs inexorably converge.
Questions
- Is there an optimal method (with the current toolset) for orientation during VDU, especially at conflicting channel and traverse boundaries?
Yes it's called Wait if you are sidelined and HOLD if you are in the market. A lot of trading has to do with what isn't going on. When the signal to noise ratio is very low as PACE indicated (VDU and DU), the book is very thin. We recognize that most trades have two sides and one of them is a market order. Price seemingly jumps around and also goes no where. I mentioned the counter intuitive nature of markets. We need to admit and let into the picture that any statements that are guesses as to what we want or hope for are cluttering up the scenery and we need to turn back to working smart and deepening our observations and how these feed into Analysis as a more complete cluster. More cluster; less clutter.
P.S. Jack, attention completely rapt on chart/log(/narrative). Have been unable to read your comments. Will do so immediately after RTH.
As time passes, we can get an important aspect of boot camp rolling. We are both putting up an interactive dialogue. On Monday we can try again as we start the Beginner Internals and its new log.
We just got to see another "news event". News is a taping level function. The past FOMC commentary applies.
Quote from Neoxx:
Narrative 3x
Feel like Iâve lost my way here. Whipsaw trading. Catching up after the posting. I realize Iâve missed a long traverse that could have been annotated, commencing with the VE on bar 51. The persisting low volume and conflicting trendline convergences are generating a blinding miasma of overlap and noise. If only I had galoshes, the swamp would be easier to navigate.
I expect some BMIs are increasing to unhealthy levels.
Breakout of the long lateral and traverse RTL on increasing volume and I reverse long. Am glad to see the return of volume.
You will make progress as you gain experience. Experience was one of the boot camp focusses. This weekend you wil be completing 10 days on the Advanced Beginner level. The logs will be abreviated to SHOW the turns already annotaed for traverses.
You do whipsaw quite well as it is the chief already learned CW differentiating blocking the SCT learning and differerentiation. You tend to trade in the same vein as you annotate (from the bottom up.
I am trying very hard to get you to trade in a traverse of channels context. That is, channels on level 3 have traverses on level 2.
You already know that you have a lagging response; this combined with using level 1 to trade level 2 gives the whipsaw response which is the predominant way in which PA learning trades learn repeated failure.
A person learns the relation ship of traverses to the channel as two parts: Dominant traverses of channels make a lot of money AND during non dominant traverses of channels, depending upon the channel slope and the Volume PACE level and shifts, you can either hold through the non dominant or make it a profit segment.
The above is new to you.
You were able to see and get the TELL of the day in the triangle you spoke of on a level 3 basis. That is commendable. Your top three rows in the future will put the causal factors up as part of the preflight check. as you see two "news" event were known and their "effect" is paired with historical "evidence".
You get a triangle which YOU did BEFORE the "News" and unfortunately, you as an "integrator" do whipsaw instead of being "differential" and doing level 3 to level 2 and the dom or non dom of level 2. You log these things and they are still not a M cluster that is fed into the A Analysis thinking process.
We will more and more concentrate on Analysis to get the D.
The A to D is still not wired in. Hence you can still trade consecutive bars which does NOT happen in traverses. I know you have a penchant for guessing the right side of the market. This is a trained hard wired thing for you as a consequence of learning how to lose money. It is very tough to dissolve these connections. To do it requires attention, constantly, to those erroneous connections. I am very firm on NOT concentrating as you do on typing the word you use for the problem; I wish you to be focussed on learning instead and working smart while learning by only doing drills.
We may have to forgo the narrative for a while if it continues to cause you to translate what is going on instead of deepening the tasks.
During midday, there is little money to be made and a lot of money to be lost. I will go through the midday as an "after the fact" review to point out some things to you over the weekend as you do the work smart of getting the curves posted for Beginner and advanced beginner for our day 1 through 10 standard of performance sample.
Narrative 4
The last slice was incredibly draining. Hadnât realized I was hunched over the desk. Back and shoulders knotted.
I note that an internal is forming right horizontally in line with the channel point 2.
Just as I note the tape ftt and begin to annotate a short tape, a great long bulging red bar appears out of nowhere on extraordinary volume, followed by another. The low of my presumed new long traverse point 1 is broken, price rises, and as it begins itâs next furious descent I reverse short at 920, any possibility of a long traverse having been scuppered.
Now I realize the bar 51 VE must have begun a new long traverse, which would mean that the string of black bars on rising volume were traverse VEs, with the explosive reversal occurring after a failed range expansion of the channel (thereâs an alternative terminology for this in CW speak).
Thinking back, a flashlight would have gone nicely with the imaginary galoshes.
The long tape begins.
Peak volume noted retrospectively on bar 65.
Iâm glad money is made through the movement of price. Volatility is so much more comfortable than the churning lunchtime grind.
Although this slice is proving far less taxing, and much more relaxing, Iâm looking forward to bar 81. Itâs been a long day.
IB horizontally in line with point 2, and close to the LTL. Next bar. Watching closely to see which way price breaks. Volume drying up. Possible LTL break, price re-enters the shadow of the pennant. 2.30 left in the bar. Price lingers at the LTL, and as a wave of volume surges in, price extends and I reverse long.
Prv suggests a B2B. Then she changes her mind.
Next bar. Arrives on cue.
With seven bars remaining, I wonder how much juice is left in the day.
Bar 77 confirms the traverse point 3, and as volume dramatically crescendos to a Peak, it forces the LTL several points higher.
Bar 78 looks like it could be our exit bar. Maybe not. Perhaps another VE. There it is. With a range expansion to boot.
Bar 79, and despite flagging volume, price continues its ascent. Yet another VE.
Looking at the time, I realize I lost a bar somewhere. I cover at 937 on the last bar.
The last slice was incredibly draining. Hadnât realized I was hunched over the desk. Back and shoulders knotted.
I note that an internal is forming right horizontally in line with the channel point 2.
Just as I note the tape ftt and begin to annotate a short tape, a great long bulging red bar appears out of nowhere on extraordinary volume, followed by another. The low of my presumed new long traverse point 1 is broken, price rises, and as it begins itâs next furious descent I reverse short at 920, any possibility of a long traverse having been scuppered.
Now I realize the bar 51 VE must have begun a new long traverse, which would mean that the string of black bars on rising volume were traverse VEs, with the explosive reversal occurring after a failed range expansion of the channel (thereâs an alternative terminology for this in CW speak).
Thinking back, a flashlight would have gone nicely with the imaginary galoshes.
The long tape begins.
Peak volume noted retrospectively on bar 65.
Iâm glad money is made through the movement of price. Volatility is so much more comfortable than the churning lunchtime grind.
Although this slice is proving far less taxing, and much more relaxing, Iâm looking forward to bar 81. Itâs been a long day.
IB horizontally in line with point 2, and close to the LTL. Next bar. Watching closely to see which way price breaks. Volume drying up. Possible LTL break, price re-enters the shadow of the pennant. 2.30 left in the bar. Price lingers at the LTL, and as a wave of volume surges in, price extends and I reverse long.
Prv suggests a B2B. Then she changes her mind.
Next bar. Arrives on cue.
With seven bars remaining, I wonder how much juice is left in the day.
Bar 77 confirms the traverse point 3, and as volume dramatically crescendos to a Peak, it forces the LTL several points higher.
Bar 78 looks like it could be our exit bar. Maybe not. Perhaps another VE. There it is. With a range expansion to boot.
Bar 79, and despite flagging volume, price continues its ascent. Yet another VE.
Looking at the time, I realize I lost a bar somewhere. I cover at 937 on the last bar.