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

Thank you for the hint. When the smallest containers are made more carefully (widen for closes within the container, starting with the 9:15 bar), the gaussians are much clearer.

 

If the attached annotations are more correct, I still don't understand why the thick container is over and done with at the end of the third medium container. Is it that the ve's of the thick thing caused by the third medium container are at a higher volume than pt 2(thick)? Maybe reannotating the first medium with newfound care will show enough examples at the thin level for differentiation.

 

 

Now you just have to think in terms of fractals. Thick thing is nothing more than a medium thing on a larger fractal. And medium thing is nothing more than one of the three thin things of a medium thing on a larger fractal. :)

Share this post


Link to post
Share on other sites
... When the smallest containers are made more carefully (widen for closes within the container, ...
Spydertrader's 10 cases (Tapes) post looks only at bars, without mentioning their closes. So, I think that although those closes offer useful information about the market's sentiment, they're not significant for tape drawing.

 

11926d1246812953-price-volume-relationship-tentapes.jpg

Share this post


Link to post
Share on other sites
Dax follow-up. I hope it can be helpful.

Thanks for the chart. This helps to clarify several issues I have been struggling to resolve. The 15:55 bar VE's the magenta LTL, so it cannot be an FTT of the magenta container. However, it finishes the gaussian sequence for the magenta. The B2B (for the next sequence on the same fractal) starts on the same bar so the VE hasn't caused price to "go around again" and our B2B doesn't start on an FTT. So clearly not all p1's are FTT's. Thank you for your help.

Dax.thumb.jpg.9f2ea8db5a1e0df7536b6f04997dd25f.jpg

Share this post


Link to post
Share on other sites
See question in chart snippet...

 

If you're looking for a traverse FTT, then the tapes for that leg must be completed. Where is your tape point 3?

Share this post


Link to post
Share on other sites
If you're looking for a traverse FTT, then the tapes for that leg must be completed. Where is your tape point 3?

 

See attached...

 

There are 3 tape level BOs... and what appears to be an FTT. I don't understand why the FTT I marked in my original drawing isn't the traverse level FTT.

 

Edit: the pt 1, pt 2 and pt3 are for the traverse in the snippet... sorry for the confusion.

5aa7104156dab_22823d1288987324-price-volume-relationship-es-12-10-11_5_2010-5-min1132829-2.png.eb74ef67e77c4c088cb80cf38d820dca.png

Share this post


Link to post
Share on other sites
See question in chart snippet...

 

The market creates an FTT while moving from RTL to LTL, right? How does the market move from RTL to LTL? In a dominant or non-dominant fashion? Now look at the bar you highlighted. HTH.

 

Edit: Now, it is not only about the price but also about the volume :)

Share this post


Link to post
Share on other sites
See question in chart snippet...

I think I understand your question, look at my order of events, anything with 'looking' is not coming into the present yet. My guest is at your orange traverse I was waiting for 4b to complete then 4c to complete then 4 to complete, lots of waiting I know!

5aa71041c7046_ES12-1011_5_2010(5Min).thumb.jpg.c6f92560ba8cd43af293d6691b2584c4.jpg

Share this post


Link to post
Share on other sites
See attached...

 

There are 3 tape level BOs... and what appears to be an FTT. I don't understand why the FTT I marked in my original drawing isn't the traverse level FTT.

 

Edit: the pt 1, pt 2 and pt3 are for the traverse in the snippet... sorry for the confusion.

 

I see Gucci already covered this one for you. Put another way, price showed you a pt3, volume didn't.

Share this post


Link to post
Share on other sites
Fractal drill. Enjoy.

 

First question: "Why should one know, 35 minutes into the day, that our point two is not on the cards yet?".

Gucci, is that because the increasing red volume that occurs is on a bar that is a pennant break out, which does not change dominance (from black to red)?

 

Question 2 and 3 have me stumped, but I will keep thinking ...

Share this post


Link to post
Share on other sites
First question: "Why should one know, 35 minutes into the day, that our point two is not on the cards yet?".

Gucci, is that because the increasing red volume that occurs is on a bar that is a pennant break out, which does not change dominance (from black to red)?

 

Question 2 and 3 have me stumped, but I will keep thinking ...

 

Think in terms of "INSIDE". Why do you think I posted the chart with the rest of the previous day?

Share this post


Link to post
Share on other sites
Think in terms of "INSIDE". Why do you think I posted the chart with the rest of the previous day?

 

The FBP breakout bar is outside the last dominant tape of the up traverse (hope my fractal descriptions are accurate), but is still INSIDE the up traverse-container carried over from the previous day (with whitish trend line and light green point 3).

 

A point 2 must always break the rtl of the previous trend, so that's why our point 2 is not on the cards yet?

 

With regard to questions 2 and 3:

 

I would have annotated the increasing red Gaussian up to the last red bar after the annotated pink point 2 (I think the time is 10:15), and then the point 3 on the black ibgs at 10:25 which you say is wrong. It is not clear to me, but the only thing I can think of is that although we have a point 2 with red dominance established, and thereafter an up-tape that breaks the rtl of the down tape, the volume is not perhaps 2b, in the sense it must be DECLINING BLACK after the R2R. This occurs on the way to the actual point 3 that you have annotated. But the 10:20 black bar IS declining, so I don't find my argument very convincing, but I don't have any other. :confused:

Share this post


Link to post
Share on other sites

I've redone 10-13 to 10-15 several times now, and consistently end up in the same place (attached). A review of the newly posted drills, and the elitetrader.com discussion of VE's will probably yield new questions, but in the meantime any pointers to errors in my annotations would be greatly appreciated.

1013final.thumb.png.587e37fac58d0177aaba56ff5bb85313.png

Share this post


Link to post
Share on other sites
The FBP breakout bar is outside the last dominant tape of the up traverse (hope my fractal descriptions are accurate), but is still INSIDE the up traverse-container carried over from the previous day (with whitish trend line and light green point 3).

 

A point 2 must always break the rtl of the previous trend, so that's why our point 2 is not on the cards yet?

 

 

A point 2 must BE outside of the previous thing RTL. AND it MUST be preceded by X2X sequence of the volume. One of these conditions wasn’t fulfilled at the time in questionon on the trading fractal.

 

 

With regard to questions 2 and 3:

 

I would have annotated the increasing red Gaussian up to the last red bar after the annotated pink point 2 (I think the time is 10:15), and then the point 3 on the black ibgs at 10:25 which you say is wrong.

 

I didn’t say it is wrong. I said we do not have it at 10:25. When annotating REAL TIME we DO have a point 3 at 10:25. So your annotations would be right. But as future comes into the present the market corrects them and shows you the actual point 3.

 

 

It is not clear to me, but the only thing I can think of is that although we have a point 2 with red dominance established, and thereafter an up-tape that breaks the rtl of the down tape, the volume is not perhaps 2b, in the sense it must be DECLINING BLACK after the R2R.

This occurs on the way to the actual point 3 that you have annotated. But the 10:20 black bar IS declining, so I don't find my argument very convincing, but I don't have any other. :confused:

 

The market moved to its point 2 (first dominant leg) creating the faster fractal thing underway. Such being the case you should anticipate the second dominant leg (2R) being created the similar way. So annotating REAL TIME at 10:25 (your provisional point 3)you anticipate the second dominant leg. This second dominant leg should be created by a faster fractal thing. So there is no way you should look for a signal of change at 10:30-10:40 area. Now try to work forward from here using the same logic in conjuction with volume sequences and you will also understand why we do not have a faster fractal thing annotated from 10:25 onward. (see the chart with the clue)

 

HTH.

http://www.traderslaboratory.com/forums/attachments/34/22827d1289141533-price-volume-relationship-drill.jpg

 

http://www.traderslaboratory.com/forums/attachments/34/22828d1289141545-price-volume-relationship-clue.jpg

Share this post


Link to post
Share on other sites
This is a response to some specific questions asked by one of the users.

 

Hi Gucci,

 

Thanks for putting the charts and clarification. On your chart notes, you mentioned that a bar that VE the LTL would suggest a new point 3. Can you explain further why that is so in the context of the same chart you are describing ?

 

TQVM

 

22804d1288827449-price-volume-relationship-traverse2.jpg

Share this post


Link to post
Share on other sites

The market moved to its point 2 (first dominant leg) creating the faster fractal thing underway. Such being the case you should anticipate the second dominant leg (2R) being created the similar way.

For clarification, it should be noted that this statement is not reliable. Example attached.

clip.jpg.341de9bbdf383815d1c61055fde59ae6.jpg

Share this post


Link to post
Share on other sites
For clarification, it should be noted that this statement is not reliable. Example attached.

 

Not really sure what you are trying to point out. You used the same chart that Gucci was using so I am not sure how you are concluding his statement is not reliable.

 

Do you mind clarifying what you were trying to say?

Share this post


Link to post
Share on other sites
Hi Gucci,

 

Thanks for putting the charts and clarification. On your chart notes, you mentioned that a bar that VE the LTL would suggest a new point 3. Can you explain further why that is so in the context of the same chart you are describing ?

 

TQVM

 

 

I thought about the statement on the VE -- since VE can't have the FTT, we therefore need the sequence to be completed , therefore a new point would have to be formed to get the FTT of the container. In part, that would seem also to explain the M1 and M2 moves mentioned by Jack in some older threads -- on condition that the close is in the zone between the old LTL and new LTL.

 

Would that be right ?

Share this post


Link to post
Share on other sites
I thought about the statement on the VE -- since VE can't have the FTT, we therefore need the sequence to be completed , therefore a new point would have to be formed to get the FTT of the container. In part, that would seem also to explain the M1 and M2 moves mentioned by Jack in some older threads -- on condition that the close is in the zone between the old LTL and new LTL.

 

Would that be right ?

 

The only thing to add is that not all of the VEs let you anticipate the new point 3. Some of them coincide with the completion of a faster fractal thing inside of the trading fractal. So you get the last 2X of the trading fractal AND the last 2x of the faster fractal which coincide, so to speak, and propel the price beyond LTL. You just have to pay attention and differentiate different types of VEs. In our example the market shot from RTL and beyound LTL on one bar.

 

HTH.

Share this post


Link to post
Share on other sites
Not really sure what you are trying to point out. You used the same chart that Gucci was using so I am not sure how you are concluding his statement is not reliable.

 

Do you mind clarifying what you were trying to say?

OK. Put it another way. Gucci's statement was true for the specific example that he used but it is NOT true to suggest that the 2nd dominant leg will always be built by a faster sequence just because the first dominant leg was built by a faster sequence.

Share this post


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

  • Topics

  • Posts

    • Date : 25th November 2021. Market Update – November 25 – Solid US data lifts USD, Stocks, & Yields. USD (USDIndex 96.70) holds on at 16-mth highs; Strong set of US data yesterday GDP (2.1%) up a tick but missed by a tick, Claims (199k) at 52-yr low, PCE (0.4% m/m & 4.1% y/y), in-line & largest since Jan.1991, along with a big beat (5.9%) for GDP Price index, Durable Goods (0.5%) in-line, Personal Spending (1.3%) a big beat, Personal Income (0.5%) a beat, Trade balance a big beat (14.6%) on strong Exports, Inventories (-2.2%) a big miss, but shows demand is strong. Consumer Sentiment a beat and New Home Sales flat (745K) and missed. Stocks & Yields pushed higher, Oil held onto gains and Gold tested 3-week lows.   The FOMC Minutes showed (1) there could be a faster taper than the $15bn/mth currently planned, (2) Inflation could indeed be “persistent” (3) Clear division over 2022/23 rate hike cycle, Doves hold sway for now. US Yields 10yr trades at 1.644%, down from yesterday’s 1.694% high. Equities – Gains into the Holiday USA500 +10.76 (0.23%) at 4701 – USA500.F trades higher at 4713. USOil – peaked at $78.53 Inventories +1.0 vs -1.7 weakened prices – now at $77.65 Gold found a floor at 1782, but struggles to recoup $1800 at $1790. FX markets – EURUSD now 1.1216, having broken 1.1200, USDJPY now 115.36, from 115.50 & Cable back to 1.3350 from 1.3315 yesterday. Overnight – JPY PPI (1.0%) hit a 10-yr high, German GDP and consumer confidence both missed (1.7% vs 1.8% and -1.6% vs -1.0%) respectively. European Open – December 10-yr Bund future up 16 ticks, while US futures are slightly in the red. Bunds already outperformed yesterday, as EZ spreads widened in the wake of hawkish leaning ECB comments & confirmation that German finance ministry will go to the liberal FDP, which likely means more resistance to debt mutualisation across the EZ & more pressure on ECB to limit asset purchases. DAX & FTSE 100 futures are currently up 0.4% & 0.3% respectively & US futures are posting gains of 0.3-0.4%, suggesting markets are coping quite well with the prospect of less accommodative policies. Indeed, it seems to an extent that they welcome the CB’s acknowledgement that inflation risks could be less temporary than previously thought. Today – ECB Minutes, ECB’s Elderson, Schnabel, Lagarde and BOE’s Bailey Biggest FX Mover @ (07:30 GMT) CADJPY (0.20%) The rally from Tuesday’s low under 90.00 has been sustained with 91.25 being tested earlier today. MAs aligned higher, MACD signal line & histogram rising & over 0 line, RSI 61, H1 ATR 0.077, Daily ATR 0.707. 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 HotForex 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. Stuart Cowell Head Market Analyst HotForex 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.
    • Date : 24th November 2021. Market Update – November 24 – USD & Yields Higher, Stocks Mixed, Oil Recovers. Trading Leveraged Products is risky USD (USDIndex 96.50) holds on at highs; EM currencies under particular pressure. (TRY lost 15% after Erdogan refused a rate rise). RBNZ raised rates but NZD fell (like the last time they raised rates!) JPY Inflation 2 ticks better than expected. USDJPY at January 2017 levels around 115.00. PMI data better across the globe, Stocks mixed in US & Asia, Yields bid, Oil recovered significantly and Gold pressured by yields. Biden invites Taiwan to its “Summit for Democracy”, WHO talks of additional 700k Covid deaths across Europe (Slovakia latest to talk lockdowns). US Yields 10yr trades at 1.667%, down from yesterday’s 1.684% high. Equities Mixed. Musk sold more stock, Banks & Oil majors lead. USA500 +7.76 (0.17%) at 4690 – USA500.F trades lower at 4684. USOil – rallied over 3% to $78.20 highs despite global strategic reserves being sold to cool prices. Gold found a floor at 1782, but struggles to recoup $1800 at $1790. FX markets – EURUSD down to 1.1245, USDJPY over 115.23, earlier now at 114.88 & Cable back to 1.3375. European Open – December 10-yr Bund future up 26 ticks, US futures also broadly higher. RBNZ delivered expected rate hike & markets seem to be scaling back fears of escalating inflation as even dovish leaning BoE & ECB members highlight risk of second round effects. ECB VP Guindos highlighted overnight that the drivers of inflation are becoming more structural, which adds to signals that the CB is finally ready to start reining in stimulus. DAX & FTSE 100 futures currently up 0.3% & 0.2% respectively. Today – Big data day ahead of Thanksgiving Weekend. – German Ifo, US Weekly Claims GDP, PCE, Durables, FOMC Mins. & ECB speak Biggest FX Mover @ (07:30 GMT) NZDJPY (-0.77%) RBNZ in-line but Dovish, sank from breach of 80.00 yesterday to 79.24, and 79.40 now. Faster MAs aligned lower, MACD signal line & histogram falling & below 0 line, RSI 35 & weak, Stochs OS. H1 ATR 0.17, Daily ATR 0.70. Please note that times displayed based on local time zone and are from time of writing this report. Click HERE to access the full HotForex 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. Stuart Cowell Head Market Analyst HotForex 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.
    • EURUSD HOVERS NEAR MULTI-MONTH LOW, UNDER 1.1250 LEVEL   EURUSD Price Analysis – November 24 Throughout the session, the EURUSD pair remained on the losing side and was last seen moving with considerable losses around the 1.1250-36 level. The announcement that the White House has opted to reappoint incumbent Fed Chair Jerome Powell for a second term sparked the recent strong dip. The spot is trading at 1.1253 at the time of writing, down 0.25 percent on the day. Key Levels Resistance Levels: 1.1525, 1.1422, 1.1300 Support Levels: 1.1200, 1. 1150, 1.1100 EURUSD Long term Trend: Bearish EURUSD has sunk to fresh multi-day lows, as seen on the daily chart, after extending the recent breach beneath the moving averages 5 around the 1.1300 level. This exposes the possibility of a deeper pullback and a re-test of the psychological support around 1.1200. Under the 1.1200 level, the euro’s underlying bullish attitude is in jeopardy. Overall, the EURUSD stays bearish while trading under the major horizontal support turned resistance and significant level at 1.1422. A breakout of the 1.1300 level, on the other hand, would aim for the 1.1350 level on the way to the 1.1400 zones. The fall of the 1.1200 zones, in the alternative scenario, is viewed as a bearish continuation indicator. EURUSD Short term Trend: Bearish The risk is weighted to the negative on the 4-hour chart, as the pair is developing below the firmly bearish 5 and 13 moving averages. Technical indicators have shifted to the downside, with negative levels. However, in the present scenario, the RSI has not yet reached oversold territory, allowing for more selling. On the upside, a break over the modest resistance level of 1.1300 might shift the intraday bias to neutral. On the downside, the 1.1200 zones provide initial support. The next important level of support is around the 1.1150 mark. If there are any more losses, the 1.1100 extension level of the low decline may be tested. Source: https://learn2.trade 
    • IS IT RATIONAL TO SETTLE FOR 10% RETURNS PER MONTH? “One of the secrets few know and fewer implement when it comes to trading success is that you have to really care about doing well. These days, I see a lot of traders not caring enough, not prioritizing learning about trading, and making pathetic weak-willed excuses.” – Chris T. Perfectionism – a bane of the trading world When people look for a solution to their trading problems, they tend to look for the solution in the wrong places, having the wrong mindset. One problem with most traders is perfectionism. For instance, we tend to go to those who promise us 50% to 100% per week or month. If someone gives an estimate of 5% profits per month, we would think that is too small. If an investment salesperson promises huge returns in a short period of time, we’re drawn to them. What if I tell you that 5% per month is good returns on your trading or investment, would you agree with me? Is 60% growth per annum not good enough? Many years ago, one of my mentors in the financial industry told me that, even 20% growth per annum is good. In schools, we tend to ridicule those who make average grades and praise those who make excellent grades. The same is true of the world of sports. Do you think great sports teams win all their matches always? No! But they do well over time. Are 10% gains per month too low? Now let me ask these questions: How much percentage do you earn on your savings account per annum? How much do you earn on your fixed deposit account per month? How many people can pay off their mortgages within one year? If you buy a bus, to use for commercial purposes, is it easy for you to recover your money in one year? Can you buy a property and sell it for 100% profit within 10 months? If you found a startup, how long do you think it would take you to start making profits? Please attempt to answer these questions yourself, based on real-life experiences. Now, back to the question that makes the last subheading: Are 10% gains per month too low? Why do we tend to be unrealistic and fallacious when it comes to online trading? Making 10% returns per month from Learn2.trade crypto signals One good thing about the margin trading of cryptos is that you can make money, both in bull and bear markets. You don’t make money only when the price is going up. If your timing and methodology are right, you can predict a downward movement or an upward movement and participate in them. Learn2.trade provides quality crypto signals to interested traders. Each signal comes with stop loss and take profit targets. Sometimes a trade is closed before the stop or the target is hit. We use 5 types of orders for the crypto signals. They are Instant Execution, also known as Market Execution, Buy Limit, Sell Limit, Buy Stop, and Sell Stop. Generating an average of 2 – 3 signals per day, we also use risk settings that are usually around 1% per trade and we attempt to gain more than we risk. As these signals are sent, we ensure that we also use them, practicing what we preach. Learn2.trade crypto signals – recent performances Please check the image below to peruse what has been made recently. You see can that we use stop loss, and use small lot sizes, relative to the size of the accounts. It just doesn’t make sense to bet too big on an individual trade. You can also see that we have both losses and profits. However, our average profits are bigger than average losses. That is the pedigree of a viable/ promising strategy: Make more money than you lose. Therefore, losses and drawdowns are also tightly controlled so that they don’t have significant effects on the account. These kinds of drawdowns are shallow, for recovery and eventual growth always happen. The markets are difficult but profitable Making consistent, regular profits from the market is hard, but success is possible. When the markets prove difficult, then we only need creative approaches. Markets will continue to prove uneasy and tough, but we will continue to make profits from them, no matter what. We target 10% profits per month, though we make more than this in most cases. 100% profits every 10 months is an enviable achievement. If 10% gains per month are compounded, the results in a few to several years will be amazing. Yes, you should be aware of the power of compounding. Join us today, in this journey of regular, monthly profits. Please see the image above, to know relevant metrics and figures of the recent results of the strategy behind the signals. You can join us here for, few free crypto signals per week: For Cryptos. Or you can hop in, and become our VIP right away, and enjoy all our crypto signals, up to 3 signals per day. Get access to the ability to make 10% or more per month. You can monitor our crypto signals trading performances here: L2T Crypto Signals on MyFxbook   Source: https://learn2.trade   
    • Yes trading currencies is much more risky than trading stocks, since they're not supported by central bank policy efforts but instead freely fluctuation in a very random fashion. Profits can create wrong impression that you learned how to trade but often it is just the product of pure luck. 
×
×
  • Create New...

Important Information

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