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

Efforts for 7/31/2009. Re-reading posts #5, 6, 17, 23. Building tapes from 2 bars (post #5) then shifting the trendlines as the path of the tape develops (as in post #23). Is it possible that this day only has 2 fractals? Tapes and Traverse? (might we be seeing one section of a channel within a channel that started in history??) Please advice on corrections needed in annotation. Thank you!

es-09Jul31-2.thumb.jpg.64011f1af4de4dd64b64d21bd1d80a57.jpg

Edited by rs5

Share this post


Link to post
Share on other sites
My efforts for the 3 fractals from Friday (7/31).

 

WOW! Thank you! We were posting at similar time, and saw your post when I updated. Will now go study.

Share this post


Link to post
Share on other sites
My efforts for the 3 fractals from Friday (7/31).

 

Thank you for posting ehorn. My effort is very similar to yours but one spot where we differ is the bar on which the first down tape begins. Both you and romanus, who posted elsewhere, start at bar 5 whereas I started at bar 4.

 

Bar 4 shows a decrease in pace compared to bar 3 and fails to reach the LTL of both the 2 bar tape (bars 3 and 4) and the 4 bar tape (bars 1 through 4). This way of describing things also gives a very nice "r"2 r involving bars 4, 5, and 6.

 

Could you, or anyone else explain which interpretation should be favoured?

 

TIA

 

Note: Tapes were drawn using NT's 'line tool' with colors and line type for illustrative purposes only.

5aa70f0b95899_ES09-097_31_2009(5Min)AMTape.thumb.jpg.af711bac9824d4979d36907a6010636f.jpg

Share this post


Link to post
Share on other sites
... Both you and romanus, who posted elsewhere, start at bar 5 whereas I started at bar 4.

 

Bar 4 shows a decrease in pace compared to bar 3 and fails to reach the LTL of both the 2 bar tape (bars 3 and 4) and the 4 bar tape (bars 1 through 4). This way of describing things also gives a very nice "r"2 r involving bars 4, 5, and 6.

 

...

The way I looked at it, which may not necessarily be correct, is that, if one begins the down tape with bar 4, one would effectively place p1 of that down tape at the high of bar 4 and p2 at the low of bar 5. Which results in a tape that doesn't have a p3. When bar 6 arrives with increasing volume we have a trend, and as such p3 must be placed somewhere. Bar 5 already has p2 at it's low and as such is eliminated from consideration. Accelerating the tape to bar 6 produces the tape which has p1 and p2 on bar 5 and p3 on bar 6, which may or may not be more accurate way of annotating a trend.

Share this post


Link to post
Share on other sites
The way I looked at it, which may not necessarily be correct, is that, if one begins the down tape with bar 4, one would effectively place p1 of that down tape at the high of bar 4 and p2 at the low of bar 5. Which results in a tape that doesn't have a p3. When bar 6 arrives with increasing volume we have a trend, and as such p3 must be placed somewhere. Bar 5 already has p2 at it's low and as such is eliminated from consideration. Accelerating the tape to bar 6 produces the tape which has p1 and p2 on bar 5 and p3 on bar 6, which may or may not be more accurate way of annotating a trend.

 

Thanks romanus. Your argument is based on the assumption that points 1, 2, and 3 of the 'primordial' tape must be located on 2 bars and if that were so, then I would have to agree that yours and ehorn's interpretation was the favoured one. However in this post The Price / Volume Relationship - Page 15 Spyder shows that it is not the case that points 1, 2, and 3 only be on 2 bars of a primordial tape. Now as luck would have in the example we are talking about, the 2 bar tape between bars 4 and 5 forms a perfect "LTL" tape , if you will. By my read an "LTL" bar behaves more like a "VE" bar, so I am comfortable with putting point 2 at the bottom of bar 5.

 

Like you though, what I have adopted is a working hypothesis and I would, as always, delight in having someone trash it.

Share this post


Link to post
Share on other sites

The 'polarity' of a bar appears to have some consequences as evidenced by the discussion between romanus and myself. It would seem that both of the situations described are possible and acceptable under the correct conditions.

 

By polarity is meant that for a rising black bar (as distinct from an IBGS bar) P1 is at the bottom and P2 at the top, while for a falling red bar the opposite is true.

 

Does anyone know of other situations where attention to the polarity is important? Again, with the discussion noted above, its consideration affected how a Gaussian was read.

Share this post


Link to post
Share on other sites

Here's one more imitation strawberry poptart of a question for Sunday morning.

 

Can the highest pace bar of a 5 min ES traverse ever be the point 1, point 2 or point 3 of that traverse?

 

Now I will take your leave and journey north to install the dreaded Vista on my wife's new computer. Gak. What a wretched OS but from what I hear Windows 7 is a bit of a pearl and set for public release soon.

 

Have a good day.

 

PS: Yes, that's me. The little nerd in the back with red hair, freckles and coke-bottle spectacles. The only stupid question is the question left unasked. If cnms2 can get poetic, then so too pour moi.

Share this post


Link to post
Share on other sites
Just reminded me I have this one laying around.

Originally drawn and shared by Mr. Black, ( nice contribution Mr. B ) slightly modified shortly after.

 

Thank you Tikitrader. Very helpful! Is it correct to say that tapes consists of 2 bar? More than 2 bars are traverse?

Share this post


Link to post
Share on other sites
Thank you for the reminder to not jump fractals. What does this last sentence mean?

 

What is the best path to building the gausian lines?

Check Spydertrader's post #6

B2B.jpg.b2a37333aad8377b6627278c3b508b07.jpg

Share this post


Link to post
Share on other sites
Is this the correct annotation for tapes?

 

 

people can give you relevant feedback

if you add notes to describe why you are doing what under which circumstance (context)...

otherwise it will just be a hit-or-miss circle game.

Share this post


Link to post
Share on other sites
people can give you relevant feedback

if you add notes to describe why you are doing what under which circumstance (context)...

otherwise it will just be a hit-or-miss circle game.

 

Hmm, here is attempt to be more specific (times are in CST, I don't know how to change time to EST in ninjatrader).

 

From 8:35 to 8:40am - Outside bar tape, vol reduces from 8:35 to 8:40 therefore black gaussian down (is this correct?)

 

From 8:40am (point 1 of tape down) to 8:45am (point 2 of tape down) - increased red gaussian in vol plane until price will go no no lower in the tape down from point 1 to point 2 in price plane.

 

From 8:45am (pt 2) to 8:50am - decreasing black gaussian until price will not go any higher within the down tape.

 

From 8:50 to 8:55am - increasing red gaussian until price will not go any lower within the down tape (the lowest price point of this down tape).

 

Low point of 8:55am bar forms point 1 of the tape up.

 

From 8:55 to 9:00am - decreasing black gaussian until price will not go any higher within the tape down (orange line for adjusted down trendline of down tape)

 

From 9:00 to 9:10am - increasing black gaussian until price will not go any higher within the tape up

 

From 9:10 to 9:15am - decreasing red gaussian until price will not go any lower within the tape up

 

From 9:15am to 9:20am - increasing black gaussian until price will not go any higher within the tape up

 

9:20am forms the first bar of Lateral tape.

 

Is the above all correct? If not, please point out what needs to be altered. Thank you!

es-09Aug03-1a.thumb.jpg.13ee8bd04a9cb55e59ab628eadb62b63.jpg

Share this post


Link to post
Share on other sites
...times are in CST, I don't know how to change time to EST in ninjatrader)...

 

 

In the future,

don't worry about the time.

The easiest for everybody is to label the bars with numbers...

then everybody will be on the same page.

Share this post


Link to post
Share on other sites
In the future,

don't worry about the time.

The easiest for everybody is to label the bars with numbers...

then everybody will be on the same page.

 

Thanks. Good idea. I know something is not right as I don't see a continuous X2X 2y 2X sequence. But not sure how to fix it.

Share this post


Link to post
Share on other sites

What I know about lateral formations

 

To start a lateral formation minimum 3 bars are required where bar 2 and 3 are contained within bar 1

 

It can be ended in several ways:

 

- 2 consecutive closes outside the lateral boundaries without forming a new formation with the exception when these 2 closes are flaws, then we need 3 bars outside the lateral

- an ibgs that pierces a boundary

- when a new lateral formation is created inside the lateral formation

 

There are 2 types of lateral formations that matter : those that start on or after pt2 (and before pt3) being non-dominant lateral formations

and those that start after pt3 being dominant lateral formations

 

Feel free to add missing things/make corrections

 

--

innersky

Share this post


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

  • Topics

  • Posts

    • Date: 29th March 2024. GBPUSD Analysis: The Pound Trades Higher But For How Long? The global Stocks Markets are closed due to Easter Friday (Good Friday). The NASDAQ continued to follow the sideways trend while other indices again rose. The SNP500 reaches an all-time high, but the NASDAQ remains under pressure from Tesla, Meta and Apple. The Euro continues to trade lower against all major currencies including the US Dollar, Euro and Japanese Yen. The British Pound is the best performing currency during this morning’s Asian session. However, investors are largely fixing their attention on this afternoon’s Core PCE Price Index. GBPUSD – The Pound Trades Higher but For How Long? The GBPUSD is slightly higher than the day’s open and is primary due to the Pound’s strong performance. At the moment, the British Pound is increasing in value against all major currencies. However, the US Dollar Index is also trading 0.10% higher and for this reason there is a slight conflict here. If investors wish to avoid this conflict, the EURUSD is a better option. This is because, the Euro depreciating against the whole currency market avoiding the “tug-of-war” scenario. The GBPUSD is trading slightly lower than the 2-month’s average price and is trading at 49.10 on the RSI. For this reason, the price of the exchange is at a “neutral” level and is signalling neither a buy nor a sell. The day’s price action and future signals are possibly likely to be triggered by this afternoon’s Core PCE Price Index. Analysts expect the Core PCE Price Index to read 0.3% which is slightly lower than the previous month but will result in the annual figure remaining at 2.85%. The PCE rate is different to the inflation rate and the Fed aims for a rate between 1.5% to 2.00%. Therefore, even if the annual rate remains at 2.85%, as analysts expect, it would be too high for the Fed. If the rate increases, even if only slightly, the US Dollar can again renew bullish momentum and the stock market can come under pressure. This includes the SNP500. Investors are focused on the publication of data on the UK’s gross domestic product (GDP) for the last quarter of 2023: the quarterly figures decreased by 0.3%, and 0.2% over the past 12-months. This confirms the state of a shallow recession and the need for stimulation. The data, combined with a cooling labor market and a steady decline in inflation, increase the likelihood that the Bank of England will soon begin interest rate cuts. In the latest meeting the Bank of England representatives did not see any members vote for a hike. USA500 – The SNP500 Rises to New Highs, But Cannot Hold Onto Gains! The price of the SNP500 rises to an all-time high, before correcting 0.33% and ending the day slightly lower than the open price. Nonetheless, the index performs better than the NASDAQ which came under pressure from Tesla, Meta and Apple which hold a higher weight compared to the SNP500. For the SNP500, these 3 stocks hold a weight of 9.25%, whereas the 3 stocks make up 14.63% of the NASDAQ. The SNP500 is also supported by ExxonMobil’s gains due to higher energy prices. The market will remain closed on Friday due to Easter. However, the market will reopen on Monday for the US and investors can expect high volatility. Investors will also need to take into consideration how the PCE Price Index and the changed value of the US Dollar is likely to affect the stock market next week. Always trade with strict risk management. Your capital is the single most important aspect of your trading business. Please note that times displayed based on local time zone and are from time of writing this report. Click HERE to access the full HFM Economic calendar. Want to learn to trade and analyse the markets? Join our webinars and get analysis and trading ideas combined with better understanding on how markets work. Click HERE to register for FREE! Click HERE to READ more Market news. Michalis Efthymiou Market Analyst HFMarkets Disclaimer: This material is provided as a general marketing communication for information purposes only and does not constitute an independent investment research. Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of buying or selling of any financial instrument. All information provided is gathered from reputable sources and any information containing an indication of past performance is not a guarantee or reliable indicator of future performance. Users acknowledge that any investment in FX and CFDs products is characterized by a certain degree of uncertainty and that any investment of this nature involves a high level of risk for which the users are solely responsible and liable. We assume no liability for any loss arising from any investment made based on the information provided in this communication. This communication must not be reproduced or further distributed without our prior written permission.
    • MT4 is good and will be good until their parent company keep updating the software, later mt4 users will have to switch to mt5.
    • $SOUN SoundHound AI stock at 5.91 support area , see https://stockconsultant.com/?SOUN
    • $ELEV Elevation Oncology stock bull flag breakout watch , see https://stockconsultant.com/?ELEV
    • $AVDX AvidXchange stock narrow range breakout watch above 13.32 , see https://stockconsultant.com/?AVDX
×
×
  • Create New...

Important Information

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