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sambrown
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Everything posted by sambrown
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I needto get this drawing correct. Here's another attempt. Each higher level container is built by 3 lower level containers.
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Here's my hand drawing of a point 1, 2 and 3 of a channel with their sub fractals. Based on this drawing, my "Big Picture" just completed the first 3 segments and point 2 of the channel has not been arrived yet.
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Gucci, Thanks for the links. How can you pick out a particular discussion from such a large thread? You must have some kind of indexing into that thread?
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Spydertrader, Thank you for your patience and taking your time explaining to me how to recognize my errors. Either my understanding of the nesting of different levels of Gaussians is incorrect OR my translation of this understanding to the actual drawing is wrong. So let me make sure my understanding of the nesting is correct by answering your questions without looking at any chart first. I have a new order of events and point 1 and 2 have been developed for this new sequence. This is a retrace from point2 to point3 of the new sequence. I have point 3 of the new sequence and I need a 2B 2B (decreasing black and then increasing black) to know this sequence has been ended. If I see 2B2R instead, the market is signaling this sequence will continue. Please correct me if I misunderstood this statement. For minimum, I need B2B2R2B to complete a sequence. But this sequence can continue with 2R2B2R2B...? If I zoom out and look at the bigger picture, I see this. I will zoom into each line if this is correct.
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Thanks for all your advices. Here's my redraw of the Thursday 10/7/2010 chart. There are two areas with brown boxes on the volume pane which I am not sure drawn correctly. Any feed back would be greatly appreciated.
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Thanks for the advice. That is what I've planned for my weekend homework a long with studying other people's charts.
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Taking one step at the time and trying to draw Gaussians to match with trend lines for 10/8/2010. Thanks for your generous help.
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Thank you for the drawing. Now I know my initial understanding of Gaussians was wrong I will have to review other people's charts over the weekend to learn to draw my charts correctly.
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Here's my Gaussians drawing on the paper. Please let me know if it's incorrect. Thanks.
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Before going back to the chart, let me answer your questions. Point 2 is at the peak/highest volume of R2R. Points 1, 2 and 3 of a faster level container creates the slower level container. For down move, faster level R2R2B2R is needed to create the slower level container.
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Spydertrader, Thanks for your feedback. I redrew the annotations and Gaussians lines the way I understood should be done from your questions. I redo only the first part so that if there is still mistakes, I have less chart info to figure out where the mistakes are located. Please let me know if I am on the right track.
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My chart for 10/7/2010. Thanks for viewing my charts, pointing out mistakes and steering me to the right direction.
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The market has been reversed it course and the trend line should be up. Down move is dominant and the trend line should be down. Thanks for your feedback. I'll review my charts.
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My monitoring of Wednesday 10/6/2010 ES. Any feed back would be appreciated.
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Her's my chart for Tuesday 10/05/2010. I would appreciate it if some one comment on my fractals question and Gaussians drawing. Thanks.
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Another lateral at 11:10AM today.
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Thanks for the drills TIKI. I will take a shot at the first lateral.
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I would say more bars are needed before the laterals to know which direction both of these laterals will exit. If the first bar (bar before the lateral) of both laterals are PT1s, then you know the laterals are retraces from PT2 to PT3 and the price will exit in the same direction as PT3. But if the first bar of the laterals are after PT3 and hence the up cycle is complete, the direction of price will be depending on the order of events inside the laterals.
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Haven't we ween this before?
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I have not gotten to a point of making these conclusions yet. I am following Spyder's advise on analyzing the context and order of events.
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FilterTip and dmk, Please compare Tiki's yesterday's lateral post with today's 11:10am lateral. Today lateral boundary was created by 11:20 and 11:25 bars. Did you see the same in Tiki's post? The differences between the two are the way the first bar was formed and the direction the price exited. I hope this help.
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We had the same lateral we are discussing today at 11:10. It was created by a dom pt2 bar and exited the same direction as in WMCN.
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SpyderTrader, Thanks for your pointers. I will look deeper into the drills to do more analysis. Looking at the volume from end of last Friday, today started with decreasing volume going into the lateral which was a non-dom retrace going from PT2 to PT3. There must be a increasing down volume to complete the cycle. This is what happened when the price broke downward with increasing red volume.
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Today's 9:45 lateral boundary was created by 9:55 bar with a decreasing volume. 10:05 bar tried to break the boundary but failed and price exited the other direction.
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My take on the lateral drill. #1. Pt2 to Pt3 lateral movement. Broke out the opposite direction as coming in - continuation as PT3. #2. Lateral movement after Pt3. Broke out the same direction as coming in - end of traverse and change. #3. Same as #1.