[rs5]

Friday 28 May 2010...

[cnms2]

These guys didn't do their MADA ...

Forums ›› Main ›› Trading ›› wtf was that?
05-28-10 10:13 AM
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Quote from Bob111:

Thank you!
nice timing..low volume, middle of the day..perfect for those "flashers" to screw you on spreads
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Everybody on CNBC and Fox Business angry about the timing. Everybody caught long!

Wrong psychology for the long weekend.

Forums ›› Main ›› Trading ›› Volume Spike
05-28-10 01:20 PM

WTF? ES just did 50M contracts in 30 min according to my chart.

Is this the end of session Globex auction or just a method to take out stops?

... Is this tradable at bid/offer?

What is this?

(edit: It happened 1545 - 1615 Eastern time)

[cnms2]

A different way of seeing those "goats" when the pace slowed down and a finer fractal became visible.

[emac]

Originally Posted by cnms2 »

A different way of seeing those "goats" when the pace slowed down and a finer fractal became visible.

Hi cnms2,

Thanks for posting the chart. If I read the chart correctly, the volume pane from 2:10 pm EST showed faster fractals gaussians and you had drawn maybe a fractal slower to capture the b2b.

I am still in the early stages of learning, and I would usually build from the smallest fractal up based on the gaussians to arrive at the price fractal. Would that be a correct approach ?

The pink channel container - was that drawn after PT3 at 3:35 pm and was it a WMCN anticipation ?

Thanks again for sharing.

[cnms2]

Originally Posted by emac »

Hi cnms2,

Thanks for posting the chart. ...

A quick note: that was rs5's chart to which I added two annotations (in the highlighted areas), for the sake of discussion.

[emac]

Originally Posted by cnms2 »

A quick note: that was rs5's chart to which I added two annotations (in the highlighted areas), for the sake of discussion.

I was actually looking at the similarities and thought that both of you must be on almost exactly the same page in terms of logical thinking and visualization of the fractals and gaussians

Then this means perhaps rs5 would care to provide some comments on my questions.

[rs5]

Greetings emac, welcome to the thread.

Originally Posted by emac »

I am still in the early stages of learning, and I would usually build from the smallest fractal up based on the gaussians to arrive at the price fractal. Would that be a correct approach ?

Yes, per earlier lessons in the thread. http://www.traderslaboratory.com/for...html#post72196

Originally Posted by emac »

The pink channel container - was that drawn after PT3

Yes, RTL is drawn after formation of P3. http://www.traderslaboratory.com/for...ship-6320.html

Happy MADA!

[colossians]

Hi Nkhoi,

How do I deal with the weekdays which are holidays ? Is there a way to remove them as they do appear as regular trading days ?

tnx