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vienna
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Everything posted by vienna
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Interesting take on the JH method...thanks for sharing it! Basically, you are scalping for a tick or two (average profit/trade=1 1/2 ticks)...I saw how you average into the trades. I guess there is no arguing with a 100% Win percentage, even though I would wonder what happens if you get a fast move against you... then you might take lst's say a 2 pt loss on your 5 lots, and one such trade would wipe out a week of the small wins... especially since you seem to trade through market news....but apparently you are able to make it work, which would seem like a strong argument for the validity of "wmcn".... my interest lies in the opposite direction: I would like to figure out how to trade the way Eric did on one of the videos, just be right on the main direction 3-5 times a day and hold until the RTL is broken.
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Corey, went to the paltalk Price Action Room... do not see your name there?
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Many thanks to both of you.
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Is that ("I totally forgot that point 2 must be outside the previous RTL") always the case? Thanks!
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If I may bother you for one more thing: for MC, I use Esignal...is OK, but expensive... do you have any recommendation for a datafeed?
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thanks, will try that..what is your take re MC replay versus TN or Ninja? Do you have an opinon on this?
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...but wouldn't you miss the intrabar stuff, with the prorata volume etc.? The purpose of my post is to make a decision between Ninjatrader and MC, for the JH method. I need replay and was wondering if MC's replay feature is up to par with Trade Navigator and Ninjatrader... I am used to MC and would prefer to stay with it, unless the replay function is much better in these other softwares.... Vienna
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For the MC experts here: I want to replay Charts with 5-Min bars in a accelerated version, such as one 5-Min bar per Minute. What is the best setting to do this? (tick-by-tick, minute-by minute ?) my objective is to practice marking-up charts with tls' etc. many thanks, Vienna
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Free Software ( Trading / Charting / Analysis )
vienna replied to Tams's topic in Tools of the Trade
You are right...thank you and apologies! -
Free Software ( Trading / Charting / Analysis )
vienna replied to Tams's topic in Tools of the Trade
Hello Tams, did you ever write a GAP removal indicator for Multicharts/ Do you know of one? Many Thanks, Vienna -
Thanks a lot, that helps!
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Here you go... what is called a tape in the image I took to be a traverse...
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Ok...perhaps i am focusing on something that is not important. I tried to break this down and start with the smallest piece (equivalent to the letter in the alphabet), only to discover that there seems to be an even smaller piece.Since this is partly like learning a language, I felt that the definitions had to be unambiguous....but it seems that others here do not have that issue, so it must be some misunderstanding on my part...
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My confusion stems from the fact that you wrote in the beginning "Attached, please find ten scenarios which cover the number of two bar (or more) formations (the smallest tape) possible as formed by the market." Then I discovered that what is created by these scenarios could actually be a "bbt", a building block of a tape, and not a tape- how do I know which it is?
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Am trying to get my mind correctly around the concepts of the gaussians and fractals...if I dont build an accurate model in my head, annotating is just guesswork... so I re-read the thread. I ran into an older post by tiki which starts with bbt's. then tapes, then traverses, then channels. I had been confused before since I thought we are annotating in 3 fractals, not 4 (i thought the smallest level was the tape, not the bbt). So- just to get this clear in my head: we are talking about 4 fractals, and the sequences have to complete in each-correct? Sorry if this question sounds newbie.
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Darn right I don't ...
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Perhaps somebody can post a correctly annotated chart of today so I can see what I did wrong? Thanks.
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my first chart... hindsight, EOD... be kind, am only on this stuff for a few weeks...:-) Perhaps the channels are incorrect.. for sure the Gaussians are not clear yet
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Ok thanks a lot that helps... I understood the 10 building blocks and am stringing them together... , making bigger blocks etc. Yes I had the end of the upchannel marked, after the FTT occurred and it broke out I had the down- channel drawn projecting into today..
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I have on my chart 3 FTT's (of the big upchannel): at 11:10, at 12.45 and at 14.15
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Spyder, may I ask a basic question about procedure: If I understand the process correctly, one starts with the smallest fractal- the tape- since every larger fractal is confirmed by the next smaller one, and because e.g. traverses are composed of tapes. So the process works by drawing tapes, then finding pt 1,2,3 of the traverses, created by the tapes, and then finding pt 1,2,3 of the channels etc.? I am asking this because I have seen charts which do not even contain tapes (Mr. Black comes to mind)... is that because s experienced annotators do not need to annotate the finer stuff because it has become second nature or is it because this (the charts in which the tapes are not annotated) represent a coarser level (=Forest) of trading? So- it seems the proper way is doing this from the smallest fractal up?
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The fastest fractal we consider is the tape, correct?
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That's what I mean... basics. Got it, thanks.
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Ok got it that is helpful, thanks!
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My try: If your Gaussians show you R2R, where are you with respect to the order of events? - You are at the top of an upchannel (or traverse). You have created a point 1 for a new downchannel, and that point one is the FTT of the old upchannel (or it bounced off the LTL of the old upchannel). If your Gaussians show you R2R 2B, where are you with respect to the order of events? - You have now created a point 2 If your Gaussians show you R2R 2B 2R, where are you with respect to the order of events (and what then do you want to see to tell you this order of events has ended)? - you have now created a point 3... you now want to see increasing red volume for the next dominant traverse of the new down channel ??