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

So my daughter is watching Sesame Street this morning ...

 

Sesame Street was brought to you today by the letter "W"

 

Sorry couldn't resist...

Share this post


Link to post
Share on other sites
...

So where did romanus and me screw up?

 

Was it in calling the entity which preceded the down tape, a traverse? Or was it in the interpretation of the snippet itself? ...

Speaking for myself only: my original chart contained an error in gaussian annotations. Terminating medium B2B at 12:30 is not possible because the original tape (black dashed labeled (a) in the attached) that moves the price from Point 1 to Point 2 of 'something' is not broken and as such that whole up move lacks that which would make it a 5 min ES level traverse. The blue dotted tape (labeled (b) in the attached) IS broken, however, since is completly resides inside the original black dashed tape, I annotated it with skinny gaussian lines.

8_4_2009.thumb.png.b7dd7f4ec1c03f33b7a720535c9531ab.png

Share this post


Link to post
Share on other sites
Sesame Street was brought to you today by the letter "W"

 

Sorry couldn't resist...

 

Good ole sesame street...thank you for the reminder :)

Share this post


Link to post
Share on other sites
Speaking for myself only .....

 

Thanks for posting romanus. Our errors were of a different type. Annotative (yours) vs oversight (mine). Again I continue to be amazed at the girth and staying power of these tapes. If memory serves me correctly, it was Jack who mentioned something along the lines of a "... a VE is (like) a 4 and (depending upon the level of expertise of the trader) a HOLD." My failing memory forces the paraphrase and the bracketed additions, but I think what I've said is correct.

 

 

See you at the starting gate tomorrow, or perhaps a bit before.

Share this post


Link to post
Share on other sites

What is the correct way of annotating this lateral tape please? option 1, 2, or 3? When the second close of the lateral starts and ends outside of the lateral does the rule of closing on the second violation of bar 1 of lateral still stand?

 

Also what is correct way annotating the up tape-lateral tape-up tape sequence?

 

Thank you!!

es-09Aug07-uptape.thumb.jpg.9b04a22e32c65d72ab3b5edb1b77086e.jpg

Share this post


Link to post
Share on other sites

Spyder

 

Are these non dominant lateral traverses accurate as how they would be annotated currently, if this example was todays data ?

I am aware of your take on past annotations.

10/17/08 example.

5aa70f114d0bb_lateraltraversesspyderoct172008.thumb.jpg.e893130a438427e40bdfda2932169da5.jpg

Edited by TIKITRADER
clarify question

Share this post


Link to post
Share on other sites

Hi Spydertrader,

 

I'm aware of that IBGS and Lateral Movement are wordings used no more. Is the post (see the attachment) still effective for Lateral Formation? TIA

5aa70f1156ff3_LateralFormation.gif.c4ac3a82ee4d6cd9d0867b4bb5bb91f3.gif

Share this post


Link to post
Share on other sites
Spyder

 

Are these non dominant lateral traverses accurate as how they would be annotated currently, if this example was todays data ?

 

The attached chart shows annotations titled Lateral Traverses. The Lateral Differentiation Drill focuses on Lateral Formations.

 

- Spydertrader

Share this post


Link to post
Share on other sites
I'm aware of that IBGS and Lateral Movement are wordings used no more.

 

I don't recall suggesting that an Intra-Bar Gaussian Shift no longer exists. Perhaps, you could link to the comment where I indicated not to use the acronym IBGS.

 

Is the post (see the attachment) still effective for Lateral Formation?

 

Find a lateral which provides an example. From the point in time where the market provides the indicator desired, annotate two ways: one where the Lateral Formation ends, and the other where the Lateral Formation continues. Which method does the market determine as true and accurate?

 

- Spydertrader

Share this post


Link to post
Share on other sites
The attached chart shows annotations titled Lateral Traverses. The Lateral Differentiation Drill focuses on Lateral Formations.

 

- Spydertrader

 

In this example there is a lateral formation. This lateral formation is labeled a traverse.

Is this lateral formation also a traverse ?

5aa70f1176c52_llateralformation.thumb.jpg.685ea2630ea9fa55a5f98898b3ddbd4b.jpg

Share this post


Link to post
Share on other sites
In this example there is a lateral formation. This lateral formation is labeled a traverse.

 

No. Actually, it isn't labeled as you have indicated. The attached chart shows a label containg the words Lateral Traverse - two words; not one word. Unless you have determined the words Lateral Traverse, and the single word, Traverse represent the same things, I could not have done as you suggest in your post.

 

Is this lateral formation also a traverse ?

 

The market defines a Traverse based on Volume. The market defines a Lateral Formation based on Price. What answer does the market provide with respect to your question?

 

- Spydertrader

Share this post


Link to post
Share on other sites
No. Actually, it isn't labeled as you have indicated. The attached chart shows a label containg the words Lateral Traverse - two words; not one word. Unless you have determined the words Lateral Traverse, and the single word, Traverse represent the same things, I could not have done as you suggest in your post.

 

- Spydertrader

 

 

 

 

 

 

Then could you possibly be referring to the Lateral Traverse here as in the Lateral ( price container ) ' TRAVERSED ' and not a Traverse as in the complete build of sequences ( volume construct ) that eventually builds a channel?

Share this post


Link to post
Share on other sites
Then could you possibly be referring to the Lateral Traverse here as in the Lateral ( price container ) ' TRAVERSED ' and not a Traverse as in the complete build of sequences ( volume construct ) that eventually builds a channel?

 

It is entirely possible that you have articulated the attached chart's annotations in that 'traversed' (verb) differs from 'traverse' (noun). However, since I annotated my charts based on the context (back then) of the conversation (again, at the time posted) within the thread, I could not say for sure as I have no idea what the thread focused on back in October 2008. It is for this reason that I do not recommend reviewing old charts - other than through the lenz of whatever the context was at the time of the charts creation. For example, someone looking at a chart from January to September 2007 might wonder why I no longer annotate hitches, dips and stalls. Of course, once they read October 2007 initial (5 part) post, things become quite clear.

 

To locate that specific chart's context, simply review the thread at the time of its creation.

 

In this thread, I have placed the focus on 'learning to learn' from the market itself, understanding the process of differentiation and focusing on how one knows the market has provided certainty.

 

One need not 'go back in time' to focus on these things.

 

If you wish to see everything needed, focus on the current market (specifically from 7/13/2009 to present day).

 

I plan to post a drill covering this time period within the next few days.

 

HTH.

 

- Spydertrader

Share this post


Link to post
Share on other sites

As part of the morning Pre-Flight Check, a trader needs to know where the market has ended its sequences from the previous trading day (16:15) with respect to the three trading fractals (tape, traverse and channel [or skinny, medium and thick - if you prefer] annotated on the ES five minute chart.

 

But what if you don't know? Then what?

 

Simply, let the market tell you by reaching a point of certainty.

 

To be clear, everyone should already know. After all, the market has been closed all weekend, and no additional data has arrived on the chart (nor will it until tomorrow morning). However, in the event where the trader doesn't realize certainty exists (such as the case may be), how can the trader learn to see that which currently appears obscured?

 

Start by determining what you believe you see on your chart. Then set about the task of determining what the market needs to do in order to confirm, but also, what the market needs to do to invalidate, that which you believe. Do you have a tape? A Traverse? A Channel?

 

At what point does the market say, "Hey Dude! Whatever the hell you thought you saw, it should be pretty clear it can't happen now." At what point does the market say, "Nicely done. You realy nailed that one."

 

Mark these points on your chart.

 

Now, wait for the market to do its thing.

 

What answer did the market give you? More importantly, how can you apply that which the market has told you onto the next set of sequences?

 

So, based on where you think you are (with respect to the market sequences), how can you know you had things correct (or incorrect, as the case may be) for tomorrow morning?

 

What must the market do?

 

Again (as I have said many times), you already know the answers, you just do not yet realize it.

 

- Spydertrader

Share this post


Link to post
Share on other sites

Here's my first chart posting. I want to thank everyone for participating in this thread. It has been enlightening and helpful for me. I want to especially thank Spydertrader for showing us the "how" and "where" of learning how to learn.

 

I worked off of the beginning point that point 1 of the forming up traverse began 14:50 of 8/6. I saw point 2 as 13:35 of 8/7. That made the 9:35 bar today as point 2 of the forming down tape and bounded the rest of the day in the carryover tape. I was anticipating the completion of the down tape and a traverse point 3 which arrived at 14:20 today.

 

I need to do a review to see if this view has been confirmed or invalidated by the market.

08102009es5min.thumb.jpg.6450173bd48cc4b6721655e01cead032.jpg

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.