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 : 7th April 2020. FX Update – April 7 – A wee bit more Risk. Trading Leveraged Products is risky AUDUSD & GBPUSD, H1 The commodity currencies outperformed some more, as did many developing-world currencies amid a backdrop of rising stock and commodity markets. Equity markets are amid day two of a rally pinned on tentative signs that the global coronavirus infection and mortality rates might be near to peaking. The Fed’s decision to finance new “payroll protection” loans has also bolstered the US economic response plans. AUDUSD has rallied 1.7% in printing a one-week high at 0.6192, while AUDJPY has rallied by 1.4% in making a high at 67.38. The Aussie dollar is now up 3% from last Friday’s closing levels. The Kiwi and Canadian dollars are also up. USDCAD has dropped to an eight-day low at 1.4011. The Dollar, Yen and, to a lesser degree, the Swiss Franc, have continued to underperform most other currencies. The narrow trade-weighted USDIndex has declined by 0.6% in pegging a five-day low at 100.79, while EURUSD concurrently lifted by 0.7% in making a five-day high, at 1.0876. The pair is up by just over 1% from its Monday lows. The combination of risk-on positioning in markets and the Fed’s aggressive dollar liquidity provisions, which forms part of a crisis-era level of monetary accommodation, have been bearish tonic for the Dollar. Dollar underperformance saw USDJPY dip back under 109.00, though the Yen itself trader softer against most other currencies as its safe-haven premium is whittled down. Sterling dipped on the news that PM Johnson was moved to ICU and had received oxygen, although Downing Street stated that he was still conscience and that Foreign Secretary Dominic Raab will lead the UK government as long as Johnson is incapacitated. From lows of 1.2162 earlier, a weaker USD, has Cable rally over 170 pips to 1.2335. Next resistance is R2 and the upper Bollinger band around 1.2375, 1.2400 and then R3 at 1.2420. Support sits at 1.2300 and the Daily Pivot Point, a 50.0 Fibonacci level and 200hr moving average at 1.2250. 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.
    • CloseOption Broker is currently trying in completing the project binary options (Financial Betting Platform) with a special platform and due to the simplicity Platform and having good performance they will attract and absorb soon many clients and partners. This Broker accepts CryptoCurrencies, Paypal, PerfectMoney & Credit Cards Deposits! Minimum Deposit: 5$ CloseOption - 2.400$ Weekly Tournament - 1st Place win 750$ (first 10 places win money) Read CloseOption Broker Review - https://1binaryoptions.eu/review/close-option/
    • PocketOption Broker Announces: Entering payments through stable cryptocurrency (stablecoin) PAX and Tether Add funds to your Pocket Option trading account, and withdraw from your account using two popular "stablecoins": PAX or Tether. The funds are automatically credited after receiving the required number of confirmations in the blockchain. Please note that we do not accept payments through Smart Contracts. About stable cryptocurrencies (stablecoins) Both Paxos Standard (PAX) and Tether (USDT) combine the stability of the US Dollar with the efficiency of blockchain technology. Like any other cryptocurrency, funds can be moved instantly, anywhere in the world, at any time of any day. Unlike other cryptocurrencies, PAX and Tether are stable and covered 1: 1 by the Dollar, which includes traditional currency and cash equivalents, etc. Thus, the funds are carefully protected, audited and regulated. Pocket Option Broker USA Customers Welcome | Binary Options No Deposit Bonus! - https://binaryoptionsfree.eu/review/pocket-option/
    • Date : 6th April 2020. Events to Look Out For Next WeekIt’s a holiday shortened week ahead as most markets will be closed on Friday for the Easter holidays, however the novel coronavirus remains the focal point. The rapid upswing in market volatility seen in March should continue in April as governments, central banks, households and businesses further adapt to the ongoing pandemic and uncertain outlook. Hence this will be another week of increased attention to the data which will incorporate more of the impacts of the global shutdowns and will help start to quantify the severity of the economic impacts amid still very uncertain times.Monday – 06 April 2020   OPEC Meeting (USOIL, GMT 19:00) – Azerbaijan’s energy ministry said that a meeting of the OPEC+ group of oil producers is planned for April 6 and will be held as a video conference. Tuesday – 07 April 2020 Interest Rate Decision and Monetary Policy Statement (AUD, GMT 04:30) – Positioning in 30-day interbank cash rate futures this week implied a 60% chance for the RBA to cut its benchmark interest rate to zero from 0.25% at the upcoming policy meeting, which is up from odds of 31% for such a move that were being discounted just over a week ago. However in the March RBA minutes, they provided colour around the 25bp rate cut and the adoption of QE but they made clear that there is no appetite for negative interest rates. JOLTS Job Openings (USD, GMT 14:00) – JOLTS define Job Openings as all positions that have not been filled on the last business day of the month. February’s JOLTS job openings is expected to fall slightly at 6.476M, following the 6.963M in January. Ivey PMI (CAD, GMT 15:00) – A survey of purchasing managers, the Index provides an overview of the state of business conditions in the country. API weekly Crude Oil Stocks (USOIL, GMT 20:30) Wednesday – 08 April 2020   EIA weekly Crude Oil Stocks Change (USOIL, GMT 14:30) FOMC Minutes (USD, GMT 18:00) – The FOMC Minutes report provides the FOMC Members’ opinions regarding the US economic outlook and any views regarding future rate hikes. In the last FOMC statement, on March 15, the FOMC slashed rates 100 bps to 0% – 0.25% in an emergency move, getting ahead of the curve. Thursday – 09 April 2020   ECB Monetary Policy Meeting Accounts (EUR, GMT 11:30) – The ECB Monetary Policy Meeting Accounts provide information with regards to the policymakers’ rationale behind their decisions. At the same time, in the last meeting, ECB announced a EUR 750 bln pandemic emergency program (PEPP) and introduced new QE measures worth EUR 120 bln and additional loan programs, while they left rates unchanged at the March policy meeting. Producer Price Index (USD, GMT 12:30) – The Headline PPI is expected to decline to a -0.2% March PPI headline with a 0.2% increase in the core index. The continued energy price pull-back through the month likely weighed on the headline. Employment Change (CAD, GMT 12:30) – Employment change is seen spiking to 10.0k in the number of employed people in March, compared to the spike at 30.3k in February. The unemployment rate is expected to remain at 5.6%. Michigan Consumer Sentiment Index (USD, GMT 14:00) – The preliminary April Michigan sentiment reading is forecast at 95, up from the 89.1 in March. Friday – 10 April 2020   Consumer Price Index (CNY, GMT 01:30) – The March’s Chinese CPI is expected to remain unchanged on a monthly and yearly basis. Consumer Price Index and Core (USD, GMT 12:30) – The headline CPI has been estimated to a -0.2% March headline CPI drop with a 0.2% core price increase, following respective February readings of 0.1% and 0.2%. As with PPI, the headline inflation figures will be depressed well into 2020 from the OPEC price war, though the core figures will face divergent pressures that are partly downward due to diminished demand with COVID-19, but upward due to supply shortages that may prompt some erratic swings. 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.
    • Bitcoin (BTC) Drops To $6,828 After A Sudden Price Spike To $7,283 Key Resistance Zones: $10,000, $11,000, $12,000 Key Support Zones: $7, 000, $6, 000, $5,000 BTC/USD Long-term Trend: Bearish On March 2, there was a price spike as Bitcoin reached a high of $7,283.50. The bulls could not sustain the upward move as Bitcoin fell to $6,828. The bears are defending intensively the $7,000 overhead resistance. BTC is now fluctuating above $6,800. The bears will further sink BTC if the bulls fail to move up. Bitcoin may fall to the low of the breakout level of $6,400. However, if this level also cracks, the market will further fall to the next support. BTC/USD – Daily Chart Daily Chart Indicators Reading: Bitcoin is above 60% range of the daily stochastic. This is given the recent price spike which tested the resistance line of the descending channel. However, if price breaks and closes above the resistance line, there will be a change in the trend. BTC will resume an uptrend. BTC/USD Medium-term Trend: Bullish Yesterday, BTC was making an upward move to retest the $7,000 resistance. The price has earlier moved up to $6,800 before the commencement of price spike. The market moved above the resistance level but could not sustain above $7,000 because of the selling pressure. BTC/USD 4-hour Chart Indicators Reading The Relative Strength Index has risen to level 66. It indicates that BTC is in the uptrend zone and above the centerline 50. The 21-day and 50-day SMAs are sloping upward indicating the upward move. General Outlook for Bitcoin (BTC) Yesterday, Bitcoin rose to $7,283 in a price spike. The bulls could not sustain the upward move because of the presence of sellers at the price level. BTC dropped to a low of $6,800. The price has since been fluctuating above that level. Instrument: BTC/USD Order: Sell Entry price: $6,784.00 Stop: $6,850.00 Target: $6,584.00   Source: https://learn2.trade 
×
×
  • Create New...

Important Information

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