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

:doh:

 

LOL. It could be much worse.

 

After all, you could have looked at a chart posted by Mktr, responded to a question posted by a different poster (you), then apologized to a third poster for misunderstanding his question (emac) - all while not realizing you were speaking to three different people (something I only noticed just now).

 

ROFL.

 

That'll teach me not to look at who posted when responding. :doh:

 

- Spydertrader

Share this post


Link to post
Share on other sites

Hi Spyder,

 

Here's my first attempt at tapes. I've read a fair amount of the thread so far, over and over again and I feel I've got a fairly decent idea of how to apply the tape pair (or more for lats). In the attached pic I've noted tape pairs that are not either long or short pairings. Only found one lateral, no hitches. This chart is today's. Comments?

 

Wanting to learn to crawl before walking.

 

Thanks!

5aa7102aed0f3_Picture1.png.d2e5bfb8ed040f0adf100746e86d5289.png

Share this post


Link to post
Share on other sites

OK, I am thoroughly confused. Let's start with something simple: Can you have a sequence like b2b 2r2b 2r2b2r2b? If not, why? 'Nature' a fair answer for me if not.

 

Are all sequences either of the form b2b 2r2b or r2r 2b2r? If so, which is the correct view of the interchange between sequences b2b 2r2(b2b) 2r2b (that is an overlapping uptrend where the paranthetical b2b represents the end of the first uptrend and the beginning of the new uptrend) or would the correct sequence be two separate uptrends meaning b2b 2r2b (2) b2b 2r2b? Does that make sense?

 

Hopefully someone can clear my head, please direct me to a post elsewhere in this thread if this has been covered already. TIA!

Share this post


Link to post
Share on other sites
Draw your RTL first (except in cases where you cannot), and then add the LTL.

 

- Spydertrader

 

When you say RTL and LTL are you now talking about merging the individual tape pairings into trends or are you simply saying when drawing in the tapes for individual pairs to start with the RTL tape first and then move on to the LTL tape?

 

If I might show my ignorance could I also ask how the LTL is to be formed? Is it simply following what one would do for the RTL (connect the bottoms/tops) or is the LTL formed by duplicating the RTL and placing it at the opposite end so they are parallel to each other?

 

Much appreciated!

Share this post


Link to post
Share on other sites
When you say RTL and LTL are you now talking about merging the individual tape pairings into trends or are you simply saying when drawing in the tapes for individual pairs to start with the RTL tape first and then move on to the LTL tape?

 

All containers have two trend lines - a right trend line (RTL) and a left trend line (LTL). Price annotations begin with an RTL, and end with an LTL. For each case (A - J on page one of this thread), you must annotate an RTL and an LTL. When combining these cases, you must annotate an RTL and an LTL. When annotating the slower fractals (traverses, channels), you must annotate an RTL and an LTL. Every container you build must have an RTL and an LTL. In addition, your Volume Pane must contain the Gaussian annotation which match the Price containers.

 

If I might show my ignorance could I also ask how the LTL is to be formed? Is it simply following what one would do for the RTL (connect the bottoms/tops) or is the LTL formed by duplicating the RTL and placing it at the opposite end so they are parallel to each other?

 

We all started out a bit lost and unsure of the road ahead. Over time, the feeling of being overwhelmed will subside as you gain knowledge, skills and experience. To answer your question: Choice B.

 

- Spydertrader

Share this post


Link to post
Share on other sites

My eyes are beginning to see the gaussians. :shocked: FWIW I think I'm able to see the traverses and channels better right now, a third is hard to see, I can make two work. I can make out parts of the tapes but haven't figured out how to piece them together quite yet. The volume hangs me up a bit.

 

I've been able to go back through my charts of equities with this approach and using gaussian volume sequences I can now see why some of my trend lines that I had drawn in the past failed. It's really not about price, it's about volume! Volume will dictate the price you could say; and until the volume resolves itself the price is going to follow. <-- This is why some of my trend lines that I thought should hold did not, the volume was not there to support it! Very helpful.

 

Thanks Spyder and many others who I've been able to watch and learn a little portion of this idea from. I'll keep refining; think I'm on the right path. :beer:

Share this post


Link to post
Share on other sites

OB at open today said (to me) "you jumped"

 

Making my Orange Traverse was just a tape and making PT3 of traverse 15:45 ET.

 

Thoughts; A Pennant BO (1 bar) on IV does not constitute a return to DOM on 5M tape.

 

So adjust and pick up the routine.

 

Who can complain at this volatility. Makes the working days a bit shorter.

 

Have a nice weekend.

Share this post


Link to post
Share on other sites

Spyder - a question about your personal trading style...

 

If I am not mistaken you only monitor and annotate the 5 minute ES - is that correct?

 

What other charts/time frames do you look at (if any)?

 

Roughly how many trades per day do you make (on a day when you trade through a whole day)?

 

Do you employ an SCT style where you always have a position open?

Share this post


Link to post
Share on other sites
Spyder - a question about your personal trading style...

If I am not mistaken you only monitor and annotate the 5 minute ES - is that correct?

 

For the vast majority of trading days, yes.

 

What other charts/time frames do you look at (if any)?

 

For the vast majority of trading days, none. While I have the ability to use a 'medium' or 'fine' toolset, I simply don't feel like working that hard. As such, I put away the YM (one less chart to annotate[less work]), I no longer need The STR-SQU (I'd much rather chat on the phone than trade within laterals and Outside Bars), and I have put away the OTR charts (I don't feel like trading within internal formations - again, too much work).

 

I do have the DOM up, but for Order Entry purposes only. If i get board, I'll monitor the DOM Walls for a spell - watching them move back and forth while big money plays its games - but again, I'm only watching because I am board and I need something to keep me busy.

 

Roughly how many trades per day do you make (on a day when you trade through a whole day)?

 

The number of trades varies depending on the type of market. For example, an 'M' or 'W' day provides far more opportunity (more trades) than a trending day. I've entered the market long at the Open of Bar One and held until 4:00 PM Eastern time quite frequently, but on other days, I've reversed direction every 30 minutes to an hour. As such, my 'range' of trades falls between 1 and 12 on any day with a mode of 5 -6.

 

Do you employ an SCT style where you always have a position open?

 

If I trade on any given day (and plan to trade the entire day), I have a position on for the entire day. I enter at the open of Bar One and I am always flat at 4:00 PM eastern time (close of bar).

 

I may exit the market early on any given day if the market signals it has reached a Point Two within 20 minutes of 4:00 PM.

 

I also rarely trade the entire day in the summertime. I'd rather be fishing.;)

 

HTH.

 

- Spydertrader

Share this post


Link to post
Share on other sites

Thanks - this is very very helpful!

 

I am transitioning from enter-hold-exit to SCT. Seeing what works is useful.

 

So if you were trading today and not fishing :) ... I am guessing that today you had:

 

enter at open

2 rev around 10:10

3 rev around 11:30 (or 12:30 depending on how you saw it)

4 rev around 13:20

exit close

 

All times close of EST.

Share this post


Link to post
Share on other sites

I'm joining in learning to monitor and annotate. Attached is today's chart of Hang Seng Futures.

I have a confusion in marking the part circled in blue, whether it was a "2B 2R B2B" or "B2B". Would anyone help me in pointing any errors? Any comments is greatly appreciated. Thanks. :)

5aa7102c747a6_HSI2010_08_30.thumb.png.0133802a8eb1e2922e31e555cf970669.png

Share this post


Link to post
Share on other sites

Today's HSI Futures. Trying to find where I missed the 2B 2R traverse sequence circled in blue. Any help is greatly appreciated. Will start to monitor ES tomorrow when I get the data.

5aa7102ca70e1_HSI2010_08_31.thumb.png.518d1180ee9c00c26a3cae96b11a0dbb.png

Share this post


Link to post
Share on other sites
Today's HSI Futures. Trying to find where I missed the 2B 2R traverse sequence circled in blue. Any help is greatly appreciated. Will start to monitor ES tomorrow when I get the data.
I added my gaussians to your chart.

5aa7102d209d6_windsHSI2010_08_31mygaussians.thumb.png.3ce3f56c2345a4ac1c98442c76f8e554.png

Share this post


Link to post
Share on other sites
I added my gaussians to your chart.

 

Thanks cnms2. I see now how I missed the traverse sequence. I jumped fractal on the previous day, annotating tape as traverse.

Share this post


Link to post
Share on other sites
very interesting thursday(9/2) and friday(9/3) both ended with sym laterals but with subtle differences.
This seems a potentially instructive discussion. Maybe somebody can start it ...

Share this post


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

  • Topics

  • Posts

    • Date : 1st April 2020. All eyes on Commodity Currencies.Asian stock markets are lower, while European and US equity index futures are showing losses of around 3%. Data out of Asia today were nothing short of dismal, showing manufacturing contracting across most of the region, highlighting the economic toll that virus-containing measures are having.The main concern remains that the massive global stimulus measures simply won’t be fully effective while many economies remain in a state of lockdown of as-yet unknown duration.Commodity currencies have come under pressure as the winds of risk aversion picked up again.The Canadian dollar was the main loser so far today , while it has remained under pressure with oil prices sinking back toward major-trend lows as crude storage facilities burst at the seems from excessive supplies.USDCAD has gained up nearly 2% in making a 1.4230 high, though the pair so far has remained below yesterday’s peak at 1.4350. This is due to the fact that crude prices are down by over 65% year-to-date. This level of price decline in Canada’s principal export, while it sustains, marks a significant deterioration in the Canadian economy’s terms of trade. Given the glut of crude flooding the market, and given that supply is increasing as demand will remain weak for a historically protracted amount of time, Canadian Dollar is anticipated to remain apt to underperformance. The likes of the Norwegian krona, which like the Canadian dollar is an oil-price correlator, and many developing world currencies have also come under pressure.From the technical perspective, USDCAD overall outlook remains positive with asset holding above all three daily SMAs since January, and momentum indicators positively configured. RSI at 59 recovery from a pullback last week, Stochastic rebound from oversold territory and MACD presents some decline of the bullish momentum but holds well above 0. That said, USDCAD revisiting its recent 17-year high at 1.4669 seems likely before long.Intraday meanwhile, the rebound of USDCAD looks to run out of steam, however only a move below 1.4050 could suggest a reverse of the outlook.AUDUSD tipped over 1% lower in making a 5-day low at 0.6064 amid weaker Gold prices (end-of-quarter flows). The Aussie still remains comfortably above the 17-year low that was seen on March 19th at 0.5507. The Kiwi dollar has also taken a tumble.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 : 31st March 2020. Dead cat Bounce!Dead cat Bounce! A new term? Not really but definitely something that we haven’t seen for more than a generation.In general, investors throughout the years invented this term as a follow up to a market free fall. By definition, the “Dead cat Bounce” is simply a market phenomenon that translates into temporary small and short-lived rebounds of an asset’s price within a prolonged period of downside. This term is based on the idiom that “even a dead cat will bounce if it falls far enough and fast enough“. Hence in the financial market it is said that even if an asset falls with a considerable speed, it would rebound as even a dead cat would bounce. However, every time there is a rebound, the overall initial trend is then anticipated to resume, bringing the bearish influence back into play.In addition, the phenomenon can occur in any market, yet is particularly prevalent in equity markets. It is often the case that it is considered a continuation pattern.Why are we raising this topic now? This March, was the first time after Black Monday 1987 that we have seen the worst intraday selloffs in stock markets. Since February 20th, the stock market entered an aggressive bear market with a few days of an absolute rally. An example was the 13th of March in which the stock market roared back in the biggest one-day rally since 2008 after its worst single-day crash in 33 years just a day before. This is the classic dead cat bounce.If you closely observe stock market behaviour in March you will notice that there is a dramatic decline, with a number of days when the market reversed some of its losses, but failed to take the bait, and eventually fell back down again. This is a situation of portfolio managers wanting to sell some of their positions and when they see some strength in the market, decided to unload. This is what we call a “dead cat bounce” after it falls from high enough. Remember however that not every correction/reversal can be interpreted as a dead cat bounce.Theoretically this term is defined as the term in which,   A stock in a severe steep decline has a sharp bounce off the lows. A small upward price movement in a bear market after which the market continues to fall. Unfortunately, I need to highlight that there is not an easy way to determine in advance whether an upwards movement is a dead cat bounce which will eventually reverse quickly or whether it is a trend reversal. There is nothing easy in identifying the bottom of the market. However to a large extent a dead cat bounce is a retracement, in comparison to a reversal, i.e. it is temporary.Dead cat bounce as a technical analysis tool and more precisely as a continuation pattern could be tradable from short-term or medium term traders. Having explained this phenomenon, a follow-up article will elaborate on how market participants can trade a dead cat bounce.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.
    • Date : 30th March 2020. MACRO EVENTS & NEWS OF 30th March 2020.All major countries across the world are effectively locked down now as virus developments remain in focus, with ever bigger aid packages. The data this week especially from the US were highly infected by the pandemic. Hence, as disruptions from COVID-19 have begun to catch up to the soft data measures, the impact will likely be greater in the late-month measures of sentiment. Recession fears could be further escalated if we see any effect in the March US jobs.Monday – 30 March 2020 Harmonized Index of Consumer Prices (EUR, GMT 12:00) – The German HICP preliminary inflation for March is anticipated to decline at 1.4% y/y from 1.7% y/y. Pending Home Sales (USD, GMT 14:00) – Pending home sales rebounded in January to 5.2% m/m, however, for February we could see a big -0.3% pull-back. Tuesday – 31 March 2020 Manufacturing PMI (CNY, GMT 01:00) – The NBS Manufacturing PMI is expected to massively decline to 4.4 in March from 35.7, as a subsequence of the shut down after the lunar new year holiday. Gross Domestic Product (GBP, GMT 06:00) – GDP is the economy’s most important figure. Q4’s GDP is expected to be unchanged at 0% q/q and 1.1% y/y. Unemployment data (EUR, GMT 07:55) – The German unemployment rate in March is expected to have increased to 5.1% from 5.0%, while unemployment change is expected to have peaked to 30K from February’s drop to -10K. Consumer Price Index (EUR, GMT 09:00) –HCPI inflation dropped back to 1.2% y/y in February from 1.4% y/y in the previous month, while core inflation actually moved up to 1.2% y/y from 1.1% y/y in January. This month’s core is expected unchanged, while HICP is anticipated lower at 0.8% y/y/. Gross Domestic Product (CAD, GMT 12:30) – Canada GDP results for January are seen to be slowing down, at a monthly rate of 0.2% compared to 0.3% last month. CB Consumer Confidence (USD, GMT 14:00) – The Conference Board Index is expected to have decreased to 121.0, compared to 130.7 in the previous month. Wednesday – 01 April 2020   Caixin Manufacturing PMI (CNY, GMT 01:45) – The Caixin manufacturing PMI is expected to spike to 46.5 from 40.3 in February. ADP Non-Farm Employment Change (USD, GMT 12:15) – The ADP Employment survey is seen at 216k for March compared to the 183K in February. ISM Manufacturing PMI (USD, GMT 14:00) – The ISM index is expected to fall to 43.0 in March from 50.1 in February, compared to a 14-year high of 60.8 in August of 2018. EIA Crude Oil Stocks Change (USOIL, GMT 14:30) Thursday – 02 April 2020   Trade balance (USD, GMT 12:30) – The US trade deficit narrowed -6.7% to -$45.3 bln in January following the 11.0% December jump to -$48.6 bln. February’s one is expected to widen further. Friday – 03 April 2020   Retail Sales (AUD, GMT 00:30) – February’s Retail sales could be improved by 0.4%, following a 0.3% January loss. Event of the Week – Non-Farm Payrolls (USD, GMT 12:30) – A -100k March nonfarm payroll drop is anticipated, following 273k increases in both February and January. This is based on assumptions such as the -20k factory jobs drop in March, and a 47k boost from assumed Census hiring as this temporary job count starts to climb more rapidly. The jobless rate should rise to 3.8% from 3.5%, as COVID-19 disruptions start to take their toll. ISM Non-Manufacturing PMI (USD, GMT 14:00) – The ISM-NMI index is expected to fall to 49.0 from 57.3 in February, versus a recent low of 53.5 in September of 2019 and a 13-year high of 61.2 in September of 2018. The “soft data” measures are finally starting to show a hit from coronavirus disruptions and the emerging OPEC price war, and these hits should be bigger for the late-March reports than the early-March reports. Always trade with strict risk management. Your capital is the single most important aspect of your trading business.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.
    • Corona virus is every where, lets hope it passes on and everyone should soon resume to daily routine life. So far the trading is ok since it can be done while sitting at home, what about others remarks do share here..!
    • 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.  
×
×
  • Create New...

Important Information

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