Market Geometry is a lie?

[traderxman]

During the end of Friday...we knew that Monday's envelope top was pooshing DOWN. Not a bad system when you are a day ahead of the crowd.

Ok couple more charts.

TL12 Chart:
Here we see Mondays (top gold area) Daily envelope top pooshing down.

TL13: Chart:
Also we see here on Monday, Weekly envelope top pooshing down.

This was our 13,170 area...coincidence. Perhaps, but having it happen more times than not, I think not.

But lets prove it ALL wrong.

[BlowFish]

In the interest of helping the challenge along I'm going to play devils advocate here.

How did we know (shouldn't that be 'anticipate") the Daly ET was pushing down end of Friday? The intradays (hour 4000v etc) all had the PLDOT pushing price in a trend run up? Flow shifted a little last bar but was still a trend run up and isn't that how HTP resistance breaks?

There was a slight shift of flow in the last bar (hourly) but looked to me like it was refreshing to push up above the hourly ET. Imagine the 4000v was similar.

As an aside - is your focus time frame the 4000V (presumably with a view to catching the main swings of the day)?

Cheers.

[traderxman]

BlowFish,

How did we know (shouldn't that be 'anticipate") the Daly ET was pushing down end of Friday?

I said:

Bigger picture(forest), look at TL3 Chart & TL5 Chart.

TL3 had re-tested the refresh band and began distributing. While TL5, had refreshed the Weekly EB but cud not get up through the daily ET to its Weekly pldot.

Smaller picture(trees), look at TL8 Chart. 15:59 bar went into blue(exhaust area) AND into daily ET, closed and held a 5/2 down, going at the very least for a refresh. We terminate into a 5/1 & 5/9 up at the bottom of the 40k volume chart, this at a key level, the yearly live ET!!!(13055) at the time. THis is live so it updates. 40k volume pldots are up so we go up after the LTP exhausted into the 40k volume charts nearby S (shown as a green up bar)blue up arrow. TL9 Chart shows its time frame refesh with an ellipse around it hitting the blue exhaust area.

It happens over and over again.

All geometry, no T&S, L2, COT data, LDB Data, volume finder, stochastics, MACD, latest indicator rave etc etc.

Good Luck!

TX

[BlowFish]

Ahh Ok I see. I have to say its hard to get context from all 4000v charts (even though you have HTP overlays on TL5). Look great to actually trade from though.

I don't normally look at YM but seeing as the plug gets pulled on ER I have switched stuff around. Looks like we are still dealing with W Dot ...I agree looks like its refreshing to push down though I need more YM data for a decent monthly chart.

Keep it coming!

[traderxman]

Just off to the gym BF, yes I did not like MultiCharts. But to each his own. Just getting ready for a little holiday...so if you want to chat more here on the forum about indicators that are new etc. I like to talk to P&L-ers. It is interesting to note you are not new to this either. So it is hard to discuss this material unless a person had a strong love for the material to stick with it. ANyway my 2 cents. Off to the gym

TX

[traderxman]

No economic numbers out today. Here are my levels 4 today.

13371
13347
13254
13228-29
13207
13201
13125-33-39
13101
13074
13023-26
12983
12976-79

Looks right now that 13,176 is holding and we go up today. 13,220, 13,249...then 13,347. One of those days.

[traderxman]

So far its been struggling to get up, but has had its reasons.

Made a bold statement this morning that thot the YM was up...

Not a great category (Technical Analysis) to post in if I am not going to post up the why's.

When I get back from the gym, will do so.

TX

[traderxman]

TL15 Chart:
THis one shows the Weekly refresh bottom. 13,178
You need to learn this one. Charlie helps!

TL14 Chart:
THis is the buy into 13,178 and we see the market exhausting (blue) into the blue area for the buy. Get long at mkt. 13,182

Thot I wud get this off b4 gym, waiting on wife.

TX

[traderxman]

As i saw them,

TL16 Chart:

By 2:15 we only had 3 bars...light volume to say the least.
Ok. so we opened up in the exhaust area. Meaning we wud have been looking for a reason to short.

Shorting the top of Daily nearby resistance was a good lean for that. TL14 Chart shows 1st arrow down.

Then we exhaust into blue at TL16 Chart, bottom of daily nearby resistance. TL14 Chart shows the up arrow for the buy...

We covered off the last buy in previous post. So it was a tradeable day...but thats enough for me for the week, going on holidays and will return soon.

Hope all hada great trading day!

Lets here it for P&L-ers!!!!!!!!!!!!!!!!!!!1

TX