Jump to content

Welcome to the new Traders Laboratory! Please bear with us as we finish the migration over the next few days. If you find any issues, want to leave feedback, get in touch with us, or offer suggestions please post to the Support forum here.

  • Welcome Guests

    Welcome. You are currently viewing the forum as a guest which does not give you access to all the great features at Traders Laboratory such as interacting with members, access to all forums, downloading attachments, and eligibility to win free giveaways. Registration is fast, simple and absolutely free. Create a FREE Traders Laboratory account here.

Recommended Posts

thanks rs5 for posting the charts. I am wondering if after doing the drills of annotating, are you able to identify the ftts and FTTs comfortably ?

 

Some FTTs are very plain to see, and others I am still struggling with recognizing timely. Thus this is the area that I am still working on.

Share this post


Link to post
Share on other sites
Tuesday 18 May 2010...

 

I have noticed how your chart annotations are progressing. One interesting observation is how much attention volume is being given and how is is taking up more and more and more of your visible real estate....

 

I like it! :cool:

Share this post


Link to post
Share on other sites
I've annotated a lateral at 955 (your time).

 

Thank you so much. You are very right that it is a lateral indeed. I did not mark this sym lateral as it did not conform to the drill lateral (see attached for high and low of bar 1 and low of bar 3).

 

There has not been any discussion regarding the drill laterals in a while. I am still operating under the hypothesis that the Sym lateral from the drill appears to exit in the direction of the dominant move of the trading fractal. This is regardless whether the boundary test was made on the dom or non-dom side of the lateral. The boundary test are usually on lower volume than Bar 1's volume (as ptunic has already pointed out in his charts).

 

If anyone has discovered any other salient points of the drill lateral please share :)

es-10May20-955Lateral.thumb.jpg.f0868ed1fd1965984e43e1c13c366114.jpg

Share this post


Link to post
Share on other sites

Hello all. Very interesting stuff here....I'm new to this type of chart reading, and I've only been trading stocks one year.

 

After 4 hours of reading I have some questions: if no answer, then I'll keep asking.....thanks :-)

 

 

1) has anyone used this system of finding laterals to predict a move in the market, or is it all reflective interpretation?

 

2) does volume act independently, and can volume change show price change/ trend change ahead of time?

 

Please bear with me... I'm new and this is just review for you... I hope good review...

1) what seperates a ftp, fbp, and stitches.... they all look like stitches to me... The only pattern I could see was that ftp, and fbp have a flat top or bottom, and then shortly after those some trend lines are drawn?

2)I'm just learning about volume... other then the obvious signs of large investors ..... How the heck can you tell weather the volume line goes up or down... it's not like his first example where they all go up a hill gradually and then down gradually.... they zig and zag... how can I tell which way the line is to be drawn over it, and what do the arrows pointing of the top of the volume bars mean? sigh.....pant.....sigh.....

3)what is this methodology attempting to bring to light? what is the practical application of this so that I might try and reverse engineer it? THANK YOU!!!!!!

Share this post


Link to post
Share on other sites

Also how can volume lead price when they happen simultaneously? I just dont understand that.... I dont know anything, when people are ready to buy/sell volume changes... this creates activity and price change... but it happens gradually does it not? in real time?

In the market it seems to me so far, that the goal is to get one step ahead of the market... does this type of analysis allow me to do that?

Share this post


Link to post
Share on other sites

>3)what is this methodology attempting to bring to light? what is the practical application of this so that I might try and reverse engineer it? THANK YOU!!!!!!

 

you can't reverse engineering it since there is nothing for you to reverse from. If you try maybe you will end up with a handful of BBs (building blocks).

Share this post


Link to post
Share on other sites

1) has anyone used this system of finding laterals to predict a move in the market, or is it all reflective interpretation?

 

As you continue reading, you'll eventually arrive at a drill involving Lateral Formations. By working through this drill you'll begin to see how the market provides subtle differences, which, when combined with context, and order of events, allow the trader to know what exactly has developed (in the past), what information the market is signalling (in the present), and what the market must do next (on each and every fractal).

 

2) does volume act independently, and can volume change show price change/ trend change ahead of time?

 

Volume leads Price - always. Note the chart examples others have posted. Can you see a Pattern within the Volume Pane as shown by the accelerating and decelerating lines? Note how this very same Pattern repeats on every fractal (line thickness). By learning to thoroughly annotate a chart, one can learn to 'see' that which most people believe cannot possibly exist.

 

1) what seperates a ftp, fbp, and stitches.... they all look like stitches to me... The only pattern I could see was that ftp, and fbp have a flat top or bottom, and then shortly after those some trend lines are drawn?

 

Pennants (FBP, FTP or SYM) and Stitches represent a few examples of Two Bar Formations. Pennants always have Bar Two (of the formation) showing less volatility than Bar One (of the Formation). Whereas, Stiches always have Bar Two (of its formation) showing increased Volatility (when compared to Bar One).

 

2)I'm just learning about volume... other then the obvious signs of large investors ..... How the heck can you tell weather the volume line goes up or down... it's not like his first example where they all go up a hill gradually and then down gradually.... they zig and zag... how can I tell which way the line is to be drawn over it, and what do the arrows pointing of the top of the volume bars mean? sigh.....pant.....sigh.....

 

Look closer to see that which currently eludes you. Continue reading in order to gain insight through the observations of those who travelled the road before you. Allow the market to provide the conclusions you seek.

 

3)what is this methodology attempting to bring to light? what is the practical application of this so that I might try and reverse engineer it?

 

The Price / Volume Relationship tracks market sentiment on each and every trading fractal. By learning to differentiate between that which appears to be, from that which actually is, one can learn to extract the market's offer on any trading day one chooses.

 

No need to reverse engineer, guess or predict. One simply needs to learn to understand the information provided by the market each and every day.

 

The information, guidance, drills and advice contained within this thread attempts to show (those individuals with an interest) how to teach oneself the process of 'how to learn to trade.'

 

Success is consequence of a fully differenciated mind.

 

HTH.

 

- Spydertrader

Share this post


Link to post
Share on other sites

Who can complain about a 12 point traverse... lol!

 

EDIT: 14:40 OB was a wash... Gonna enjoy a nice day here. Good weekend all!

12pt_traverse.thumb.png.2f6d0e2b81181cb02354e666ffdeecc2.png

Edited by ehorn
washed it

Share this post


Link to post
Share on other sites
Who can complain about a 12 point traverse... lol!

 

EDIT: 14:40 OB was a wash... Gonna enjoy a nice day here. Good weekend all!

It might be interesting to discuss why at that point the right side of the market was still short, except if you traded ftt to ftt (FFs) and reversed short there again.

Share this post


Link to post
Share on other sites
Guest
This topic is now closed to further replies.

  • Topics

  • Posts

    • Agreed since some of the new traders usually lose money in start and some loses more while chasing their lost money and eventually ends up blaming to their brokers part.
    • The crypto market are also in phase of maturing like the forex and other trading assets so we can do much more accurate analysis than before since early days it was purely a luck if the investments in crypto bears results because most of the coins or tokens never come to fruition. Some early birds were also able to make profits on these tokens or coins. e,g., like turtle coin starts with 1 satoshi and go up to 7 sathoshis, quite good rewards. another token lmgx now hovering at 10 started from 1, 
    • How's about other crypto exchanges? Are all they banned in your country or only Binance?
    • Be careful who you blame.   I can tell you one thing for sure.   Effective traders don’t blame others when things start to go wrong.   You can hang onto your tendency to play the victim, or the martyr… but if you want to achieve in trading, you have to be prepared to take responsibility.   People assign reasons to outcomes, whether based on internal or external factors.   When traders face losses, it's common for them to blame bad luck, poor advice, or other external factors, rather than reflecting on their own personal attributes like arrogance, fear, or greed.   This is a challenging lesson to grasp in your trading journey, but one that holds immense value.   This is called attribution theory. Taking responsibility for your actions is the key to improving your trading skills. Pause and ask yourself - What role did I play in my financial decisions?   After all, you were the one who listened to that source, and decided to act on that trade based on the rumour. Attributing results solely to external circumstances is what is known as having an ‘external locus of control’.   It's a concept coined by psychologist Julian Rotter in 1954. A trader with an external locus of control might say, "I made a profit because the markets are currently favourable."   Instead, strive to develop an "internal locus of control" and take ownership of your actions.   Assume that all trading results are within your realm of responsibility and actively seek ways to improve your own behaviour.   This is the fastest route to enhancing your trading abilities. A trader with an internal locus of control might proudly state, "My equity curve is rising because I am a disciplined trader who faithfully follows my trading plan." Author: Louise Bedford Source: https://www.tradinggame.com.au/
    • SELF IMPROVEMENT.   The whole self-help industry began when Dale Carnegie published How to Win Friends and Influence People in 1936. Then came other classics like Think And Grow Rich by Napoleon Hill, Awaken the Giant Within by Tony Robbins toward the end of the century.   Today, teaching people how to improve themselves is a business. A pure ruthless business where some people sell utter bullshit.   There are broke Instagrammers and YouTubers with literally no solid background teaching men how to be attractive to women, how to begin a start-up, how to become successful — most of these guys speaking nothing more than hollow motivational words and cliche stuff. They waste your time. Some of these people who present themselves as hugely successful also give talks and write books.   There are so many books on financial advice, self-improvement, love, etc and some people actually try to read them. They are a waste of time, mostly.   When you start reading a dozen books on finance you realize that they all say the same stuff.   You are not going to live forever in the learning phase. Don't procrastinate by reading bull-shit or the same good knowledge in 10 books. What we ought to do is choose wisely.   Yes. A good book can change your life, given you do what it asks you to do.   All the books I have named up to now are worthy of reading. Tim Ferriss, Simon Sinek, Robert Greene — these guys are worthy of reading. These guys teach what others don't. Their books are unique and actually, come from relevant and successful people.   When Richard Branson writes a book about entrepreneurship, go read it. Every line in that book is said by one of the greatest entrepreneurs of our time.   When a Chinese millionaire( he claims to be) Youtuber who releases a video titled “Why reading books keeps you broke” and a year later another one “My recommendation of books for grand success” you should be wise to tell him to jump from Victoria Falls.   These self-improvement gurus sell you delusions.   They say they have those little tricks that only they know that if you use, everything in your life will be perfect. Those little tricks. We are just “making of a to-do-list before sleeping” away from becoming the next Bill Gates.   There are no little tricks.   There is no success-mantra.   Self-improvement is a trap for 99% of the people. You can't do that unless you are very, very strong.   If you are looking for easy ways, you will only keep wasting your time forgetting that your time on this planet is limited, as alive humans that is.   Also, I feel that people who claim to read like a book a day or promote it are idiots. You retain nothing. When you do read a good book, you read slow, sometimes a whole paragraph, again and again, dwelling on it, trying to internalize its knowledge. You try to understand. You think. It takes time.   It's better to read a good book 10 times than 1000 stupid ones.   So be choosy. Read from the guys who actually know something, not some wannabe ‘influencers’.   Edit: Think And Grow Rich was written as a result of a project assigned to Napoleon Hill by Andrew Carnegie(the 2nd richest man in recent history). He was asked to study the most successful people on the planet and document which characteristics made them great. He did extensive work in studying hundreds of the most successful people of that time. The result was that little book.   Nowadays some people just study Instagram algorithms and think of themselves as a Dale Carnegie or Anthony Robbins. By Nupur Nishant, Quora Profits from free accurate cryptos signals: https://www.predictmag.com/    
×
×
  • Create New...

Important Information

By using this site, you agree to our Terms of Use.