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

    • Hi,I'm looking for an mt4 indicator that deletes candles according to their size for example 1 candle is 10 pip required, while candles below 1 pip are removed from the chart for analysis and backtestings purposes.Thanks.
    • Date : 16th July 2020.EUR & ECB Preview.Economic activity has rebounded on both sides of the channel as lockdowns were lifted, but the impressive rebound in confidence data in recent months has proven to be too optimistic on the speed of the recovery with real sector data for May actually looking weaker than hoped. That ties in with the moderation in market confidence, which was also reflected in German ZEW investor confidence, which pulled back from June highs in today’s July numbers. Central bankers meanwhile acknowledge that the second quarter may not have been as bad as initially feared and have essentially switched to a wait and see stance, after putting substantial crisis measures in place.With that in mind the ECB is widely expected to keep policy settings unchanged at today’s meeting. Lagarde’s recent comments suggest that data releases have come in slightly better than officials had feared and the central bank seems ready to move out of crisis mode and into a wait and see stance. That doesn’t mean the ECB won’t keep the option of additional easing measures open, but for now officials should be able to afford to take a step back and monitor the impact of crisis measures already implemented.Wait and see then is likely to be the main message at today’s council meeting, although Lagarde will, however, stress again the need for fiscal stimulus to support monetary policy and step up the pressure on politicians to come to an agreement on the proposed EUR 750 bln pandemic recovery fund, that will be discussed at the EU leaders summit later in the week. Central bankers have long stressed the need to complement monetary policies with appropriate fiscal policies and on the whole central bankers also seem to welcome the proposal for a jointly funded mechanism and a focus on grants rather than loans.The debate will take place within the context of the EU’s next multiannual budget framework, and won’t be easy, as countries disagree on whether to focus on grants or loans and whether jointly backed market funding is the right way forward.Markets have the fund pretty much priced in and the risk is of course that the reality of EU politics once again falls short of what investors are looking for.DAX – GER30Meanwhile European stock markets are broadly lower with peripheral markets outperforming slightly going into the ECB meeting. General risk appetite has waned again amid concerns about the global outlook and rising tensions between the US and China. The GER30 is currently down -0.8%, and the UK100 down -0.9%, while IBEX and MIB are posting losses of -0.1%. US futures are also heading south following on from a broad move lower across Asian markets.GER30, despite the short term decline, sustains 4-month highs, close to the 13,000 area. The index filled May’s and June’s gap, while it has been trading well above Ichimoku cloud since May, suggesting an overall positive bias. All daily exponential moving averages (20, 50 and 200) are aligned northwards. Momentum indicators are gradually moving more positive as the market has pulled higher this week. RSI is above 60 and confirming higher lows since early June, inline with the uptrend in the price action along with strong positive configuration on Stochastics, despite the flattening of MACD lines that suggest consolidation. The bulls could be looking to use any near term weakness as an entry point. Hence Support could be seen at 12,500 (20-DMA and 76.4% Fib. level since January 2020).It is interesting to see though that despite the positive technical background it struggles to break the 13,000 Resistance area.EUROThe EUR fell back against a generally stronger US Dollar, with EURUSD trading slightly above S1 at 1.1384. Risk appetite waned again, amid concern about the world recovery, and US-China tensions and with the security breach at Twitter Inc not helping. Eurozone markets which traded unevenly yesterday are likely to remain cautious going into the ECB announcement today.EUR intraday remains under pressure with fast MAs aligned lower and lower Bollinger bands extending southwards. Next immediate support could be found at 1.1350, and 1.1330 (200-EMA in 1-hour chart). Volumes meanwhile declining suggesting that the bullish momentum seen since 10 of June is threatened.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.
    • Anyone got historical stats on chart patterns on different pairs?I read the head and shoulders pattern is the most common in all markets over others never seen stats on it however.
    • Always read that Astro trading is for longer term trading, but recent advances in software that can tell us to the second and minute when planetary movements/ingresses/regressions are happening can this be used to scalp the market?
    • OK looking for a list of different types of charts some brokers offer.Candlesticks, Line, Bar, Renko, Range, Tick, Mountain, Point & Figure, Dots, Invisable (I joke you not), Order flow/Price ladder charts,Any others that help you trade?
×
×
  • Create New...

Important Information

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