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

    • Forex trading is the best way to make some good money online, but you need to have proper skills to achieve success and for that you should practice trading with small capitals.
    • Forex Trading is the best way to make some good money online, but it could only work if you have the proper experience and skills, and knowledge which requires to achieve success in their trades.
    • MASTER TRADER JOE ROSS PASSES ON Dear Traders, We are sad to inform you of the passing of Master Trader Joe Ross on the morning of Tuesday, September 7, 2021 at the age of 87. He went peacefully doing what he loved, by taking care of Loretta, his wife of 62 years of marriage and teaching his students from every continent how to trade. Joe has always been a free spirit and loved the trading world being his own boss. He quickly learned that teaching others was his true passion. The joy of educating those about a system in which he had true confidence and to see others come into their own. That was his greatest pleasure. He was proud to be a devoted Christian and combined spirituality with trading. Our condolences to our traders and students for the loss of a mentor and close friend, some would even go as far as saying a “father-figure” and he wore that title proudly. Master Trader Joe Ross’ passing came upon us unexpectedly and suddenly. Again, we would like to send our condolences to those who lost a mentor and a friend. Joe, you will forever be in our hearts. Who is Joe Ross? Joe Ross is the creator of the Ross hook™, and has set new standards for low-risk trading with his concepts of “The Law of Charts™” and the “Traders Trick Entry™.” Joe was a private trader and investor for much of his life, but a serious health situation in the late 80’s caused him to shift his focus, and that is when he decided to share his knowledge. After his recovery, he founded Trading Educators in 1988, to teach aspiring traders how to make profits using his trading approach. Joe Ross has written twelve major books and countless articles and essays about trading. All his books have become classics, and have been translated into many different languages. His students from around the world number in the thousands. His file of letters containing thanks and appreciation from students on every continent is huge: As one student, a successful trader, wrote: “Your mastery of teaching is even greater than my mastery of trading.” Joe Ross holds a Bachelor of Science degree in Business Administration from the University of California at Los Angeles. He did his Masters work in Computer Sciences at the George Washington University extension in Norfolk, Virginia. He is listed in “Who’s Who in America.” After 5 decades of trading and investing, Joe Ross still tutors, teaches, writes, and trades regularly. Joe is an active and integral part of Trading Educators. He is the founder and contributor of the company’s newsletter Chart Scan™. “Master Traders Joe Ross was one of the most eclectic traders in the world. And he remains one of the few best mentors I have, alongside, Dr. Van. K. Tharp (may he live long), and one or two others. His teachings and insights into the markets have contributed to making me who I am today. He also talks about the spiritual side of trading, concluding that trading is no sin.” – Azeez M. “The trading world has lost a unique and passionate trader. He explained to me that his material will never go out of date, only the technology. Recently, we updated several of his hardback books into eBooks and he was right. From making trades over the phone to the “pit” then to opening an online account, my how things have changed. But he is correct about his methods, they will continue to apply to the markets regardless of how technolgy advances.” – Martha Ross-Edmunds (Joe’s daughter) Joe Ross’ Trading Philosophy: “Teach our students the truth in trading — teach them how to trade,” and “Give them a way to earn while they learn — realizing that it takes time to develop a successful trader.”   IN MEMORIAM: Joe Ross (RIP)   Source: https://learn2.trade   
    • BITCOIN PRICE ANALYSIS: LONG-TERM HOLDERS REMAIN UNSHAKEN BY PRICE ACTIONBITCOIN PRICE ANALYSIS: LONG-TERM HOLDERS REMAIN UNSHAKEN BY PRICE ACTION Azeez Mustapha 14 October 2021 | Updated: 14 October 2021 New reports from Glassnode show that despite the recent price surge in Bitcoin (BTC), long-term holders have shown no intention to liquidate and realize profits yet. The blockchain analytics provider also revealed that the percentage of BTC supply held for at least three months reached 85%, a new all-time high. Citing data from Glassnode, famous Chinese crypto analyst Colin Wu illustrated the recent behavior of Bitcoin holders and their attitude towards the benchmark cryptocurrency. The analyst detailed that the percentage of long-term holders that have not moved their coins in over ten years stands at 12.3%. These tokens are deemed dormant for this reason. The analyst further noted that the percentage of long-term holders that have not transferred their coins between two to three years and three to five years stands at 10% and 12.26%, respectively. Finally, the highest percentage of long-term holders were those who have refused to move their coins between the last six months to twelve months, standing at 19.5%. That said, 85.14% of BTCs have not exchanged hands for at least three months, a new record high. In July, Bitcoin struggled to keep its head above the $30,000 mark. Today, it has almost doubled this number, but investors remain steadfast in holding their coins. Key Bitcoin Levels to Watch — October 14 As predicted in our previous analysis, BTC witnessed a sharp correction to the $55,000 – $54,000 pivot axis from the $57,500 level over the last 48 hours. This correction found immediate support from the $54,000 level, which triggered a rebound to a new five-month high at $58,500 earlier today. BTCUSD – 4-Hour Chart While the price currently rests around $57,500, we expect a bull run to the $59,000 resistance over the coming hours and days. Meanwhile, our resistance levels are at $58,000, $59,000, and $60,000, and our key support levels are at $56,700, $56,000, and $55,000. Total Market Capitalization: $2.40 trillion Bitcoin Market Capitalization: $1.07 trillion Bitcoin Dominance: 44.9% Market Rank: #1 Source: https://learn2.trade 
    • Date : 15th October 2021. Market Update – October 15 – Stronger equities dampened the safe-havens! Q3 earnings season has gotten off to a strong start, with big banks largely shooting the lights out on revenues and earnings. Incoming data was constructive as well, with jobless claims coming in at pandemic lows, while the rate of PPI growth slowed. All 11 S&P sectors are higher. Bulls are in control, both in the bond market and on Wall Street. – Overlooked the hawkish Fed implications from the record strength in PPI and the lowest claims readings since before the pandemic. Yields declined and Treasuries are in the green on short covering and dip buying, recovering from the recent aggressive selloff. US Treasury yield has lifted 1.8 bp to 1.53%. China: will loosen restrictions on home loans and boost lending & bank added enough medium term funds to keep liquidity in the system steady. Equities up. JPN225 managed a 1.6% gain and US futures are also higher, led by a 0.4% rise in the USA100. Oil lifted above $81.99. – Prices quickly backed up after a larger than expected stock build in the US. Improved market sentiment, which has lifted global stocks, commodity prices and bond yields, is also weighing on the safe-haven Dollar. FX markets – USD dropped, Yen declined. EURUSD retests 1.1600 mark, Cable at 1.3689, USDJPY touched 114.16. European Open – The December 10-year Bund future is slightly higher, US Treasury futures slightly in the red, as stock futures move higher in both Europe and North America after a good session for equities across Asia overnight. Market sentiment improved and GER30 and UK100 futures are currently up 0.4% and 0.3% respectively, while a 0.4% rise in the USA100 is leading US futures. EGB yields had dropped back markedly yesterday, but in the UK money markets are still bracing for an earlier than expected lift off on rates, which ironically is actually helping long rates to come down. Today – Today’s data calendar is unlikely to change the overall picture, with only eurozone trade data for August and some final HICP readings on the agenda. Biggest FX Mover @ (06:30 GMT) NZDJPY (+0.60%) Breached 80.55. Up for 7 days in a row. Currently faster MAs keep pointing up, MACD signal line is at 0 & histogram trending higher. RSI at 82 & Stochastic at 94 but both sloping down, all indicating further upwards move in the medium term but possible pullback in the short term. H1 ATR 0.123, Daily ATR 0.810. 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. Andria Pichidi 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.
×
×
  • Create New...

Important Information

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