The Price / Volume Relationship - Page 101

TIKITRADER · 10-09-2009, 05:05 PM

Following up with the Shifted gap fill from earlier.
This chart is for shift only. Do not pay attention to price.

What I have for today so far. Chart is simple not much on it

Ezzy · 10-09-2009, 06:44 PM

10-09-09 ES Chart for today.

TIKITRADER · 10-10-2009, 12:25 PM

Es 5 min. Chart

Posting this chart with full detail to accompany previous charts for gap close, as those has omitted gaussians and were only for gap purposes

dkm · 10-10-2009, 12:51 PM

With the huge variety in gaussian interpretation, some guidance to put us all on the same page would be gratefully received. Or even perhaps some feedback as to why certain interpretations are incorrect.

rs5 · 10-10-2009, 01:19 PM

Friday 9 October 2009

cnms2 · 10-10-2009, 02:50 PM

Quote:

Originally Posted by dkm »

With the huge variety in gaussian interpretation, some guidance to put us all on the same page would be gratefully received. Or even perhaps some feedback as to why certain interpretations are incorrect.

It seems that some posters draw gaussians (and use the volume pane) only to record their interpretation of the price action (and their view of the L1s, L2s, L3s). If they did the drill of covering the price pane and drawing gaussians exclusively from the volume information, they'd sometimes get a slightly different picture, especially on L3s. The correct picture comes out from the correct interpretation of both P and V.

dkm · 10-10-2009, 03:05 PM

Quote:

Originally Posted by cnms2 »

...If they did the drill of covering the price pane and drawing gaussians exclusively from the volume information, ....

I must be mistaken because I was under the impression that gaussians were not drawn exclusively from volume. See #143 "The Gaussians must match the trend lines." Perhaps you could help me by explaining how I should do this if the price pane is covered up? TIA

cnms2 · 10-10-2009, 04:15 PM

Quote:

Originally Posted by dkm »

I must be mistaken because I was under the impression that gaussians were not drawn exclusively from volume. See #143 "The Gaussians must match the trend lines." Perhaps you could help me by explaining how I should do this if the price pane is covered up? TIA

In my interpretation, that statement says that the "gaussians must match", and not that the "gaussians must be drawn to match". So when they don't match, maybe the price annotations need to be adjusted, or both.

Start from your Friday volume gaussians. Looking just at your volume pane would you draw the same gaussians? If "yes" you're done ... for now, and try another chart. If 'no", or "not exactly", draw gaussians as you see them, on three fractals (or more). Then compare them to your price pane annotations and see if you can change something there to have your gaussians "match the trend lines". In the beginning this will be harder to do, but in time you'll be able to recognize volume formations and trends that will tell you the story sometimes better than the price.

If you had a "yes", or even a "no", on Monday come back to Friday's chart and with the benefit of hind sight review your annotations.

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The Following 3 Users Say Thank You to TIKITRADER For This Useful Post:
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