... try that old drill: start with a blank "volume only" chart, draw gaussians on it, then recover the price action from them ... you can now compare results with your real-time chart ... you may find out that you "invent" your gaussians based on how you "saw" the price action. ... drawing gaussians is a monitoring tool, firstly
... that long bar tells "me": pace acceleration; even with that small overlap ... just a retrace coming ...
To locate where one could have possibly gone wrong today, take a screen capture of the day's efforts with respect to annotations. Then delete all the annotations, and work backwords from the end of the day (today) all the way back to the end of the day yesterday. Gaussian Cycles and the fractal nature of the markets provide the guide one needs to see that which appeared hidden during the day in real time. The goal with this effort is not only to locate where one went wrong, but also, to learn how to spot the same event when the market provides the same scenario - in the future. In other words, the market always indicates in advance what must come next. As such, one might benefit greatly by learning to spot these signals, rather than, learning to translate vocabulary words into some sort of market context. The sequences required for the market to translate between Points One, Two and Three always repeat, and this process also occurs on every fractal. Therefore something must exist which informs the trader whether or not they have remained on the correct trading fractal - be it tape, traverse or channel. Price, Volume, Trend Lines, Gaussians and a single time frame chart provide all the information a trader could need to maintain a position on the right side of the market. The time has come to learn to see the difference between that which you believe exists, from that which the market has indicated actually exists. Everyone already knows the answer here. Many simply haven't put the final pieces of the puzzle together just yet. This isn't about learning the defintions of vocabulary words. In other words, It's not about knowing the meaning of low tide or high tide, but instead, its about sitting on the sand and knowing the tide is changing. HTH. - Spydertrader
Romanus. I've taken the liberty of defacing your chart with a mess of questions. Although we differ in what happened earlier in the day, we are in pretty good agreement with the events from 13:20 onwards. For your consideration then: Of the two black tapes 1 and 2, which in your opinion is the ff tape aka the 'fat tape'? When you say 'tapes don't lie' what do you exactly mean? Although I am not a mathematician, like you I like precision. Is the FIRST event of consequence in terms of getting a P2 the breach of the tape RTL? I drew in the dreaded LM to illustrate the point of how, if I've done the 'lateral logic' correctly, one can end up with what appears to be the wrong conclusion. What do you think? I do appreciate that Spyder has said, '... sometimes you draw a lateral and sometimes you don't.' As an aside, after getting the PFC correct, this AM I screwed up again, by carrying over the lateral from yesterday and deriving a conclusion similar to the one I voiced at EOD today. Indeed a blue fog for a practitioner such as me, unless EOD spike bars can break a lateral. So let's say we have bottom. What is the series of events which establish the change. Is it the breach of the blue tape (I drew in just the RTL)? Is it the breach of the 'fat tape'? Is it the breach of the traverse tape which occurred at 16;05 but has not been followed up with IBV? If any of these are correct they would seem to be confirmatory as opposed to anticipatory. In other words if bar 15:30 is the bottom, we should know that by EOB (or before) without having to consider RTL crosses. Last question. Why did you position your B2B where you did? TIA lj
First pass on debrief... Either I am losing it or I am seeing lots of fractals going on here (particularly in that CO lateral)...
Spyder, Is the orange trendline starting point accurate? Does the gray trendline "matter" as far as anticipating where price has to go to get to pt 2? or does the break of the pink trendline satisfy the sequence? tia