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Corey

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Posts posted by Corey

  2. Posted

    Hi Xio,

     

    I`ve tried every snippets available on ET(nkhoi`s,LostTrader`s etc..),it still doesnt display the PRV shadow on range bars.

    you can not have PRV shadow on range bar, prv is project vol depending on time i.e. if real vol = 200 (in 1m) then PRV shadow vol will be = 1000 (in 5m). Since range bar is not time dependent there is no way to calculate PRV vol.

     

    ps. this tells me PRV is a lost art.

  3. Posted

     

    I have never fully understood why the revised point 3 of the old up channel would have to be in the cyan area ? Please see attached... why can't it be in the grey area??

     

    best, Vienna

    he said time is after a new p1 and channel overlap has begun meaning a reversal channel is forming. When does this anticipation fail? it fails when price moves above the horizontal line (thus creates a revised p3)

  5. Posted

    Hi Ivob,

     

    Thank you very very much for your videos, I love them. I'm having problems with the second video, at 10:54 the second video just stops playing. Is anyone else having this issue also?

     

    I'm very interested to hone in my skills with channel line drawings for better execution of trades and understanding volume proceed price action, 'Always".

     

    Many thanks

     

    David

    try to play directly on youtube also try playing with diff browser.

  7. Posted

    Are you saying all of Spyders drawings on elite forum (these go right up to the end of his teachings and even includes the last image posted by Spyder) that were done before the 'clean pages' are wrong?

     

    When were the 'clean pages' released? I really think this needs to be resolved.

     

    Where is the actual tread with the 'clean pages'?

     

    such a blanket statement but I already anticipate it by saying 3 channels thus he still got 2 channels right. The last time I posted a ET link it got deleted, didn't last even for one night, didn't see that happen with other's ET link post tho.

  8. Posted

    Sorry to bring this up, this stumped me and I did not see a reason why a 2 cannot be inside the channel on the same fractal. If you have identified an FTT there is no reason why it cannot be. I went back to the "tapes" (elite trader forum) Spyders old drawings and there are plenty on examples of the above. I have attached one for your review.

    I bet that was before 'clean page' time. You got 3 channels there just eliminate one of them.

  9. Posted

    Where did you get the picture from?

     

    I don't think that is Jack's. I have only seen Jack's charts from Tradestation and Ninjatrader. Secondly none of his charts have indicators called "Spydertrader..."

    it's Spyder's tool set available on Trade Navigator only. Channel line is not straight enough for me tho.

  10. Posted

    You seem unaware of blatant contradictions in what you say, but I do agree with this statement.

     

     

    The point of all this learning is to be able to extract. If you can do it and don't need to ask questions of others, then that's great. I took the time to answer a person who is not at your level and threw something out there to expand his line of thinking. Evidently, my "beyond Hersheyland" phrase rankled you and probably others. It wasn't meant to step on any toes. Don't worry about what I say. Just continue with your extracting.

     

    Cheers.

    the diff probl lays in a subset of the tools and beyond the available tools.

  12. Posted

    You would not believe how I screw up sometimes. Especially in chop.

    Getting much better in that BTW. Sometimes got to switch to "fade" mode or "seeing change very fast" Spyder would say.

     

    But...... today.... so far I am nailing every turn :-)

    Trading very much in the zone today ;-)

     

    Ivo

    maybe public posting helps to put you in in the zone. :)

  13. Posted

    more thought on volume

    Steidlmayer Volume Strips: A New Method to Analyze the Markets

    -Why the Market Profile legacy analysis of price and time has changed

    -How electronic market order flow contrasts to open-outcry order flow

    -Analyzing volume and price

    -How the influence of supply (volume) effecting price is the new paradigm

    -Presentation is approximately 94 minutes long.

    Steidlmayer Volume Strips: J. Peter Steidlmayer

  14. Posted

    This is setting yourself up for failure. (IMO) check my attach...

     

    It worked out in this case but I disagree because the next time it won't work out and I know the solution so it works out in any case: Just take the FTT and go long again next bar when the FTT is invalided... I would have lost 2 pips... (or made 1 depending how quick I would be) and above all would have been on the correct side of the market again.

     

    You have to follow the rules and take the FTT short. You cannot predict price will go up. You can only see change and act on it. It was change to the short side. Most BO's fail and I have seen dozens of similar examples where taking the FTT would have been better and holding would have killed you.. Actually especially today...has been very choppy. It was risky to hold..... It would have been better to reverse and reverse back.

     

    regards,

    Ivo

    I see without volume there is no anticipation only trade what you see, more washes but less holding on to wrong way trade, thanks.

  15. Posted

    Here's something that took me a long long time to understand...That you don't find in the "textbook"

     

    I deleted the last bar BTW.

     

    I am long...

     

    We just had BO...but also we had a VE and a FTT....and no point 3 up yet....

     

    So what do we do? Do we reverse...we did notice the FTT.... Our point 3 up might take us far far up...... (actually it did, 40 pips or so and I am still long..)

    ..

    regards,

    Ivo

    you gave away the ending so this is just my 2cents, you had order of event 3 red arrows (down+up+down) so the next order of events is 3 blue arrows (up+down+up) you already had 2 B/Os, 2 yellow arrows so it was a strong case for holding long.

    2011-10-11_1129.jpg.87599c446e87f60ee499549514eb960b.jpg

  19. Posted

    I realize this method works on any time frame as long as there is liquid volume. I would like to hear from people using it on a different time frame to 5min; the markets you are trading and the reason for choosing that time interval.

     

    Thanks

    15m and 60m for 'forest' view esp when 5m vol is too low to tell.

  22. Posted

    The best advice at the beginning I received was from Patrader...he suggested to read through the whole of the ET threads, first putting everybody but Spyder on ignore...that saves you months and helps eliminate confusion. Focus on the coarse tools only.

    Yes, is a lot of work, I know...:-)

     

    Also, start marking up charts, starting with the tapes.

     

    hth,

     

    Vienna

    glad to see you 'do the work' which I think pretty much the reply since the beginning of your quest.

  23. Posted

    Quick questions;

     

    What do the following stand for;

     

    Vol (IBV,DBV)

    Vol (I-V) and what are the levels eg 1.2 1.5

    Mode (C,X)

     

    Thanks

    where do you see that? unless they come from a 'good' source you do best to just ignore it.

    my best guess,ibv= increasing black volume, dbv=decreasing b v, i-v=increasing vol, c=continue,x=reverse maybe.

  24. Posted

    ...

    I practiced this drill for 2 weeks, all day long. At the beginning it was very frustrating, but towards the end I was amazed how much was revealed by the volume bars alone: I even started to correctly guess where a bar closed now and then, I could pick out doji bars etc.

    I highly recommend this to anyone who has not done it... it instilled a habit to be aware of what volume is doing all of the time. Spyders's volume drills on ET- which had previously mystified me- became pretty clear.

    ...

     

    HTH, Vienna

    awesome!................

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