thanks for your input. This is what I did: 1. the retro lat4 is bar 37. and the lateral ends on bar 40 (Se BO and pink arrow) Since the lateral commenced on bar 34 and simulktaneously an Ab occurred A P1 is found on bar34. Doing the retro makes bar 35 a T1. 36 is a P1 on the BO, T1 and bar 37 becomes a T1. Of course, you have a keener eye than I did. There is no lat and no lat 4. BUT nicely, the long ends later and a reversal occurs on a Set A type trend EE. (Bar 39) 2. bars 46, 47 and 48 form a three bar lateral. They get quished to equal are reference prior bar for bar 49. This squish is an identity to bar 46. Bar 49 compared to bar 46 is a stitch B with UL volume sizing. So lets look at the short that began on bar 39. We do get a BO, T1 and then, later, bar 46 becomes a reversal short to long. So, a really nice set of items in your post. the consequence is that we do pick up several more points of profit. Sorry about the tardy response. Very good work.
Would you please elaborate on what DOM pattern or what price wall behavior, exactly, we are looking for and/or looking at for the "wall value"? A quick use of the ET search function reveals almost 500 posts of yours containing the word "DOM", most of which I've read over the years and I still don't have a firm grasp of what DOM action/behavior enables us to conclude that we've reach a definite point of change in the current trend. (This isn't a negative comment.) Do these instructions on how to use DOM by Spydertrader accurately describe what you are referring to in the above quotation or are you referring to something else, perhaps something more subtle and complex? http://www.elitetrader.com/vb/showthread.php?s=&postid=1486683&highlight=DOM#post1486683 It's good to see you posting again. I hope the time spent at Mayo was beneficial. -river
Yes, review thoroughly the STR/SQU dynamic and the WALL range limitations. It is very important to monitor big money and take note of the "mistakes" they make that guarrantee to you winning trade segments. STR/SQU is a first derivative analysis. The walls are the classic market example of quants bulldozing ststs that end up not working. Since they have a common level of sophistication, the "prediction" Creates "clusters" of majority opinion. Marketsurfer thinks this common opinion creates price drives, for example. The inherent flaw is that Walls form and they exceed the capablity of the market to process the limit orders. (all limit orders on one side face market orders* on the other side). See how this is unknown to trader.fighter, etc. So the trading range has wall limits. There is a current thread on S and R. As you see the CW has a mistaken impression of their longevity and their induced valuation source. (See agian trader.fighter, et al.) *There is a heirarchy of market activity and market orders rank fairly low compared to other more significant activities.
As you saw, having the anticipation all completely described (you do it daily for yourself) you will feel comfortable, supported and confident in getting each day to start with an early success in making money. Every day is the same. Just use the five entwined OOE's to anticipate the opening trades. As it turns out doing the carry over works at all times of the day. You have the left window>>>>>> you have the system >>>>>you work in the Present >>>>> You do look ups on the sheets while you follow the flow charts >>>>> you carve the turns segment by segment.
Here is the am today As an exercise you can label the volume EE's from the three look up sheets. Then label the types of turns in parallel with determining the trend type. Use Modrian panels. finally, just use a go long or go short notation on price. As you do this, think about how you would have built the EE look up sheets and the Modrian Table panels.
river: Going up to Phoenix was just the beginning. Now its like having a baby arrive but it also takes visiting skilled folks in five categories. The most recent panel was the most toxic so far. It will work out for the long run. I am learning what tired really is.
I appreciate your response. Does your footnote refer to the "games" played on the DOM, the actual analysis of the DOM activity, or something else entirely? I've never used any of the additional "tools" as an adjunct to the 5m ES except the 2m YM. If someone who trades your method using the geometry of the dependent variable, along with the corresponding volume, using only the 5m ES and 2m YM was considering adding an additional tool to help carve the turns of the four legs of a typical M or W day what would you suggest? -river
start retro on bar 35; go back and assign values from bar 33 and onward. This is a switch to sub fractal trading. As mistakenly mentioned, in reference to Brooks and me, neither of us are single fractal traders. All price cases are sub fractal coding gates and kills for the trading fractal. From about bar 16 + we are in an even harmonic. The harmonic trading has a name in CW: chop.