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

    • there is not time line to success, some would take months, others years, at most its a constant continues process of struggle, I have been trading a hotforex account for 8 years now, and i dont think im close to what people call successful, but im happy with what little i make.  
    • forex trading is no joke, its  amoney hole for those who dont know what they are doing. its like a "now u see me now u dont" with money, it takes time to understand and study, it takes years to come up with a working strategy, and tons and tons of patience. some people are better off treating it as a hobbie or a past time really. though ive been in it for a decade now.
    • Ripple (XRP) Reaches $0.12 Oversold Region As Buyers Emerge Key Resistance Levels: $0.30, $0.40, $0.45 Key Support Levels: $0.25, $0.20, $0.15 XRP/USD Long-term Trend: Bearish Ripple is presently fluctuating between $0.12 and $0.17. The market appears to have reached bearish exhaustion as the coin reached the oversold region of the market. At a low of $0.12, XRP was oversold. Consequently, the bulls emerge to push XRP upward. The coin rises to a high of $0.15 and resumes consolidation. On the downside, as the price fell to a low of $0.12 and became oversold, a further downward move is doubtful. On the upside, if the bulls break the $0. 17 overhead resistances, XRP will resume an upward move. Meanwhile, the sideways trend may persist if the $0.17 resistance is unbroken. XRP/USD – Daily Chart Daily Chart Indicators Reading: Ripple is trading above 40% range of the daily stochastic. It indicates that Ripple is in bullish momentum but the current upward move is weak. This is in view of the currently prevailing bear market. The moving averages are pointing southward. XRP/USD Medium-term Trend: Ranging On the 4-hour chart, Ripple is in a sideways trend as the market fluctuates between $0.12 and $0.17. Ripple was earlier oversold as the market reached bearish exhaustion. Selling pressure is unlikely as the bulls emerge at the oversold. XRP/USD – 4 Hour Chart 4-hour Chart Indicators Reading Ripple is now in a horizontal channel as the price fluctuates between $0.12 and $0.17. Meanwhile, Ripple is rising as it reaches level 59 of the Relative Strength index. Ripple is above the centerline 50 indicating that it is in the Uptrend zone. Nevertheless, the 21-day and 50-day SMAs are sloping horizontally indicating the sideways trend. General Outlook for Ripple (XRP) Ripple is at the bottom of the chart but it is trading at $0.15 as at the time of writing. The pair is likely to continue its consolidation for a few more days. Presently, the bulls are having the upper hand as the price fluctuates upwards. It is assumed that the selling pressure has been exhausted. Ripple (XRP) Trade Signal Instrument: XRP/USD Order: Buy Entry price: $0.162 Stop: $0.150 Target: $0.362   Source: https://learn2.trade 
    • EURJPY Extends The Sell-Off From The Weekly Highs Towards The Sub-118.87 Region EURJPY Price Analysis – March 27 EURJPY fell under market pressure and tumbled to sub-118.87 levels at the time of writing. Japan’s anti-risk yen attained significant ground in the US session, driving the cross to session lows near 118.87 level amid the wide-spread vulnerability of the US dollar and the fall in US stock futures. Key Levels Resistance Levels: 123.37, 122.87, 121.15 Support Levels: 117.08, 115.83, 114.84 EURJPY Long term Trend: Bearish In the larger structure, the trend stays bearish as the cross returned still within the falling channel formed since 123.37 (high). As long as the resistance level is 122.87, the downward trend may proceed in the next session towards the support level of 114.84. Even so, a continuous break of 122.87 may achieve a double bottom level (115.83, 117.08) which may suggest a long-term bullish reversal. EURJPY Short term Trend: Ranging Initially, the EURJPY trend barely changed. Consolidation from a level of 115.83 can be increased through further rises. On the contrary, a break of 121.15 level will approach a resistance level of 122.87. On the downside, a continuous break of 115.83 level may suggest a greater resumption of the downward trend. The price is testing the 119.99 resistance level even though the cross may have a retest of the 120.17 and 121.15 price levels. Support is seen at levels of 119.24, 118.87 and 118.37. Instrument: EURJPY Order: Sell Entry price: 120.17 Stop: 120.67 Target: 119.24 Source: https://learn2.trade 
    • This is an absolute truth. You will not become a millionaire in a week. That doesn't happen in forex if you are a small fish like most of people here. Be patient and study as much as possible.
×
×
  • Create New...

Important Information

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