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ljyoung

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Posts posted by ljyoung

  1. Posted

    From Spydertrader's post #233:

    While certainly, additional trading fractals (beyond skinny, medium and thick)
    do
    exist, they reside not 'in between' skinny and medium, but rather, below (or faster than) a skinny line.

     

    As a result, we
    rarely
    see them. However, when we
    do
    see these faster (than skinny line) fractals, they operate in the
    exact same
    fashion as all other fractals (skinny, medium and thick) which we see each and every day.

     

    As I attempted to clarify earlier and will do so again now, the use of the terminology 'in between' has less to do the with the speed of the fractal and more to do with the functional (read visual) position of the fractal. There was not then nor is there now any argument about the internal structure of the fractal. If others do not see the situation like this then they are most welcome to construct their own way of describing what is before them.

  2. Posted

    I agree with romanus and ehorn that the first leg up is done. The termination was quick and clean as opposed to the schlock we have been wading through (as 5 min ES traders) for the past few days.

     

    An invalidated turning point (incompletion in the face of completion) is frequently due to a neglected IT or LT RTL which as best I can ascertain was the case here.

  5. Posted

    Perhaps it was subconscious? :) To remove a Thank you simply look to the right of the Thank you and press the "Remove" button.

     

    BTW that chart you are referring to is a daily chart. Which error are you referring to please?

     

     

    Do you mean that on 8/26 price bounced off the RTL, but on 8/27 it broke out of the RTL? If not, please provide a snippet to illustrate your thought.

     

    No. Definitely sleep deficit which admittedly can be a pathway to previously unexplored realms of the mind. In fact I was thinking of your 8-26 chart.

     

    Which RTL are you speaking of, aside from which such an event [bounce - no bounce] sounds like a consequence of something?

  6. Posted

    Daily chart volume: looks like finishing 2r leg then 2b to come?

     

    Hey rs5. Not that it's particularly of consequence but my thanks to you was occasioned by not enough sleep and pressing the wrong icon:doh:. In any case your original interpretation though not unreasonable was erroneous but you already know that. If I might be so bold as to suggest that if you can determine why the FTT at 13:20 on 8-26 was faux for a traverse completion while the FTT at 11:05 on 8-27 was not, then deciphering the myriad of x2x2y2x sequences may become more straightforward. IMO, rigorous attention to how one draws one's tapes and hence constructs one's channel lines can facilitate the correct deconvolution of the Gaussians. The two are inextricably linked.

  7. Posted

    ok here is the new chart

     

    Our charts are quite different but I do see what you are saying. cnms2's 'slide' is a quick way to see that there was no completion but that is also evident without 'sliding'. FWIW, the uptape I am referring to began late in the afternoon of 8-19 and is still incomplete.

  8. Posted

    I am confused on how to label the carry over gaussians from today. Highlighted is the area in question. If anyone interpreted this area clearly, please share.

     

    - Monkman

     

    Another approach would be to ask yourself whether there was evidence of completion of the uptape at EOD yesterday. If you thought yes then it would appear that you were wrong. Then the question becomes, why. If you saw no evidence for completion, then this AM was simply the making of yet another P2 and at EOD today you ask yourself the same question you did yesterday. Has there been completion?

  9. Posted

    Then what is the point of drawing the gaussian?? And how is one supposed to track the b2b2r2b sequence at L1?

     

    The reason I don't post charts on this thread is because I formulate the Gaussian distributions in my head. The reason why I formulate the Gaussian distributions in my head has been elaborated on elsewhere and will not be repeated here. I am not and never have advised anyone to do what I do with respect to anything having to do with the theory or the method.

     

    That said, when you look at a 'stick bar' chart taken in isolation there exists the possibility that when context is superimposed (like the bar OHLC, like the presence of other constructions, etc.), the answers to your questions will become apparent.

  10. Posted

    Spyder recently referenced the discussion between PointOne and Romanus. In his reference, he stated "Within that exchange, one can learn what sequence of events must develop at each 'Point' (1, 2 or 3). In other words, something must happen on one fractal in order to form the 'Point' (1, 2, or 3) of the next slower fractal above it."

     

    What I took away from this post is that an FTT is required on one fractal so that we can form a point 1,2,3 on the higher fractal. Spyder used the word "must", and I know he chooses his words deliberately. In my snippet I cannot annotate such an event, which leads me to conclude that the 1310 bar cannot be a pt 3 on my trading fractal.

     

    All I'm trying to do LJ is advance thru another plateau while seeking a better understanding of the method. Perhaps I'm merely struggling with what something "looks" like vs what has actually taken place. Ahhh...the wonderful process of differentiation.

     

    I'm certainly interested in feedback from anyone on this issue.

     

    You have said it yourself that the 13:10 bar can't be a P3 on your trading fractal which is exactly what I said, albeit in a slightly different fashion. You could fan out the RTL (because the break was made on increased volume) only after the 'new' P2 was made. So was the fact that you couldn't construct an FTT with the 13:10 bar in effect telling you that it couldn't be the 'real' P3 and that you should anticipate a 'new' P2 somewhere down the road, which is in fact what heppened?

  11. Posted

    Spyder,

     

    I have a question about the attached snippet. Specifically, the 1310 bar on 08/10 (highlighted in yellow). From time to time I run across an area such as this, where I am unable to ftt the bar on any fractal. The gaussians support that this area completes the 2-3 movement, but is that possible with the ve? I'm very familiar with the valuable discussion between Romanus and PointeOne on this topic.

     

    Does such an event tell me that I have taped the area incorrectly? What am I missing here?

     

    Thanks for your feedback.attachment.php?attachmentid=13015&stc=1&d=1250658768

     

    There are two processes taking place here (as there always are), an upthing and a downthing. The downthing broke (pierced and closed below) the RTL of the upthing but that's as far as it went because the downthing had completed. Multiple b2b's followed, occasioning, due to the magnitude of the price change, a fanout of the upthing RTL and the creation of a 'new' P2 for the upthing. The terminal bar of the completed downthing was in fact a 'new' P3 of the upthing but as we have already noted, a 'new' P2 for the upthing has been formed and so now we are looking for another 'new' P3 for the upthing.

     

    As to your question as to why this entire process was not associated with an FTT of the 'downthing', one answer would be another question. Why should it be?

  13. Posted

    "Clean Page 4" does not look like the chart that goes with "Clean Page 1". There are no gaussians shown on Clean Page 4. If you mean another chart, will you show link or post? Thank you.

     

    In this particular case you don't need Gaussians to understand what is being said. Use Spyder's Gaussian representations. While at first glance Jack's chart - without the Gaussians - may appear rather trivial, I assure you it isn't. In fact it readily explains one of your questions from earlier today. Figure it out.

  14. Posted

    Will you post the chart that goes with this text please? Thank you!

     

    rs5, the 'chart' is immediately above the annotation post. It is a rather important one and following on from Jack's suggestion, I have a copy dutifully placed on the inside of my 'daily work' 3-ring binder, facilitating the 'slow osmosis' process by which I learn.

  15. Posted

    I am not asked, but ...

     

    well, I will tell you my view.

     

    I thought I have learned to move my stop quickly to BE.

     

    My action was, I moved it too quickly! Result BE or poorer.

     

    I thought I have learned about risk and reward,

     

    But, as I see it now, it depends on how I act, and when I act.

    (Entry, cut/stop, exit.)

     

    I thought I was at the point many times.

     

    Well, I think I am at the point once more.

     

    Time will tell.

     

     

    Regards,

     

    Hal

     

    P.S.: In my view it is still a process.

    (An ongoing process.)

     

    Forever!

     

    Thanks for your input Hal. Anyone can say whatever they want in response to my questions. If you are an edge trader you use stops and targets and that's just the way it is and I agree it is non-trivial.

  16. Posted

    No, more the size of moves that you are trying to capture. Someone scalping for half a dozen ticks might want to look at different stuff to someone trying to get 10 plus point swings. I know that you said 'intraday' but within that sort of time there are a variety of different 'swings' you might focus on.

     

    What you want to see should dictate what/where you look.

     

    Of course things aren't absolute 'daily swings' tend to be bigger than 'hourly swings' but volatility plays a part too.

     

    Put another way knowing how long you want to be a trade and roughly the size of moves you want to capture is likely to steer you towards suitable tools to see what you need to achieve your objectives.

     

    So depending on your trading style you'd say, "Well, I'm going to stay in this trade until I make so many ticks or points, then exit, unless I get stopped out first." Correct?

  19. Posted

    No, I did not get that one correct. But by 9:50 am ET on 8/11 - things were a bit more clear to me. :)

     

    Yes. That was a sneaky one, but once again, PV comes to the rescue. It is historically interesting that the 15 min synch wait espoused by Jack is of a length equal to the old 15 min 'retail quote delay'. Coincidental perhaps, but it is surprising (or not) how often the bar 4 break gets one going in the correct direction.

  21. Posted

    9:30-4:15 is what I use and all other traders I know who use day timeframe calculations use this too.

     

    So do you disregard what has happened between 4:15 PM and 9:30 AM (all times discussed here are ES(D)T) with respect to it having an impact on how you trade? Obviously I don't know what sort of trader you are and if you were a scalper it may be that if a new contract high was made at 4 AM, the time itself wouldn't concern you as much as the fact that a new high was put in.

     

    Another question if you will. From 4:00 PM till 4:15 PM, is it true that futures traders are relatively free of the 'influence' of the cash market, not unlike the equity players getting rid of the bondsmen at 15:00? If so, of what consequence, if any, is the price (P) or price + volume (PV) action during this 15 minutes for the next day's open? Is it a 'special' time, because the reality is that futures palyers are going to be without the 'influence' of the cash market until 9:30 AM the next day?

  23. Posted

    Just for fun, what is the 'day' or the time frame if you will, for people who trade the equity index futures markets (say ES for example) using price or price + volume? Is it 9:30 AM - 4:15 PM EST or is it a 'CME' day, which for practical purposes begins and ends at 4:15 PM EST (the 'fix or settlement' and the 'nap time' are considered to be part of the next day)?

     

    CME Globex

    (ETH)MON-THURS: 5:00 p.m.-3:15 p.m. & 3:30 p.m.-4:30 p.m.

    (Daily maintenance shutdown 4:30 p.m.-5:00 p.m.)

    SUN: 5:00 p.m.-3:15 p.m.

     

    What I'm getting at is where (what time frame) do traders 'get' the information that they use to trade?

  24. Posted

    Speaking for myself only .....

     

    Thanks for posting romanus. Our errors were of a different type. Annotative (yours) vs oversight (mine). Again I continue to be amazed at the girth and staying power of these tapes. If memory serves me correctly, it was Jack who mentioned something along the lines of a "... a VE is (like) a 4 and (depending upon the level of expertise of the trader) a HOLD." My failing memory forces the paraphrase and the bracketed additions, but I think what I've said is correct.

     

     

    See you at the starting gate tomorrow, or perhaps a bit before.

  25. Posted

    Seriously? Setting aside, for the moment, how simple it is to know where someone sits mentally, simply by reading the questions they ask, you've frequently posted your exact views on several topics leaving no room for error, interpretation or guesswork. WTF does this mean? It's too early in the day to confabulate.

     

    When such views represent a direct conflict with what the market dictates as true and accurate, one need not be Sherlock Holmes in order to figure things out.

     

    In other words, IMO, there is no maybe about it.

     

     

     

    No problem. You wouldn't be the first (nor likely the last) to disregard my advice. Some eventually come to their senses and find themselves wondering why it took so damn long to listen, while others, simply, never make it back to the reservation.

     

    Whichever path people choose matters very little to me. In fact, I, most certainly, care even less than you.

     

     

     

    Excellent. Except I haven't been discussing tapes vs traverses with respect to where you blew right past the red barn.

     

    HTH.

     

    - Spydertrader

     

    I long ago gave up the 'think like I think and you'll know' way of doing things. As for knowing where I sit mentally, what you know is how I think compared to how you think as it relates to the market. If I don't match up, it's something I can live with quite comfortably.

     

    As for posting what I think, it would seem to me that that is what a thread is about. When I err, I admit the error and move on. People who are never wrong, deceive not only themselves but those about them. It leads to confusion. As for who cares less, who cares.

     

    I understand that you are speaking about something quite different than tapes vs traverses. Again, I don't really care what it is that you are talking about. So I will work on the delineation and perhaps the other 'separate' thing will appear in a dream some night.

     

    So anyhows, EOD found me looking at an incomplete down tape. How about yourself?

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