I had to laugh a bit myself this morning as I look back on how the exchange developed over the evening. I now 'see' how Spyder kept throwing out the answer (HINT. on this fractal) and we all just plowed right over it again and again. I am glad he finally pulled out the 2X4 so we could get some sleep P.S. Too early for more analysis for me. I need a few more cups of coffee
Thanks Spyder for the generosity of all your personal time and the never ending support. A great amount has been covered in the past week. !!
Always. http://www.elitetrader.com/vb/showthread.php?s=&postid=1657342&highlight=mandatory#post1657342 Break on decreasing Volume must fan, but break on increasing Volume can fan. - Spydertrader
Already commanded. Already written. Now so it shall be done. http://elitetrader.com/vb/showthread.php?s=&postid=1600582#post1600582
LOL!!! Truly there is nothing new under the sun... And since another poster recently mentioned how many here are being led around in some sort of "Twilight Zone", I thought I would freshen up the concept a bit. I've crossed over into... the "Multi-Fractal Zone" Code: You're traveling through another dimension a dimension not only of sight and sound but of mind. A journey into a wondrous land whose boundaries are that of imagination. That's a signpost up ahead: your next stop: the [b]Multi-Fractal Zone! [/b] You unlock this door with the key of imagination. Beyond it is another dimension: a dimension of sound, a dimension of sight, a dimension of mind. You're moving into a land of both shadow and substance, of things and ideas. You've just crossed over into... the [b]Multi-Fractal Zone [/b] There is a fifth dimension beyond that which is known to man. It is a dimension as vast as space and as timeless as infinity. It is the middle ground between light and shadow, between science and superstition, and it lies between the pit of man's fears and the summit of his knowledge. This is the dimension of imagination. It is an area which we call [b]"Multi-Fractal Zone"[/b] <object width="425" height="344"><param name="movie" value="http://www.youtube.com/v/tifmqKz34V4&hl=en&fs=1"></param><param name="allowFullScreen" value="true"></param><embed src="http://www.youtube.com/v/tifmqKz34V4&hl=en&fs=1" type="application/x-shockwave-flash" allowfullscreen="true" width="425" height="344"></embed></object> lol!
Looked back on my quote and had seen it was not clear. So I added the red. I will continue efforts on this and let everyone know in a few weeks the results.
For those who still don't 'see' how fractal changes work, note the attached chart. I have annotated multifractal traverses within a very large, full day Lateral (in addition to all flaws and Outside Bars). Please note how the market offers up a Traverse Level signal for change each time Price exits the lateral. One should now see how if a trader chooses to Trade within a lateral, a finer tool (than the ES alone ) is required. No Tapes or Channels annotated on this chart. - Spydertrader
Thanks for the response. I took some time to consider how I could reply that might prove helpful to you and I was stumped. I'm limiting my comments to just a couple of observations and expressing my opinions based on my experience. First, I reviewed the beginning of your posting history and if I understand where you are now, you have applied yourself for over 6 months and currently you are working with printed out charts after having done some simulated trading. This just baffles me as to how this can be considered progress. From my viewpoint, there's no substitute for real-time monitoring and drawing lines as bars are forming. Were I you, I'd take the mindset of getting set up to trade the minimum ASAP. You said it yourself in your original post that you observed the people who "get it" that they traded early on. I don't believe this is a coincidence. Second, I get the feeling that you relate learning to trade to some kind of course in a group-learning setting with an instructor and pupils. That's just not the case in my opinion. Take full responsibility for where you are. Utilize whatever you find helpful to you from whatever source. But YOU must package it all for yourself to make it work. How do you know if something is helpful? Only one way to know: RESULTS. You don't have any as of yet. Nor are you set up right now to get any. Last, in your post you seem to be stuck on the semantics of terms others have made up. This seems to me a waste of energy and time. I think we are using the word "traverse" similarly, but what is a "tree"? Who cares. I don't know anything about NLP. That Jack Hershey "espouses" it maybe...really who cares. Evidently you do. But why? My interest is in extracting $$$ from the ES. Trading is not an academic exercise. I'm like the farmer who gets his hands dirty putting in a full day of work every day. I prepare, I trade, I rest and prepare again to trade the next day. What is your expectation from trading? Is it to extract $$$ to be used by you to enhance your life? Do you not realize how little KSE (knowledge, skill, experience) it takes to do that? Do you not realize that a bare minimum level of competence is all it takes to get the ball rolling? Not mastery, a bare minimum of competence. This requires a choice, however, and what I say the choice is will run counter to what others say here. You have to choose between striving for "certainty" and striving for results. The adjustment for lacking certainty is not protection but washing. The irony is, once you build a level of competence not requiring certainty, obtaining results will be certain.
07-02-08 http://www.elitetrader.com/vb/attachment.php?s=&postid=1980041 http://www.elitetrader.com/vb/attachment.php?s=&postid=1980401 07-03-08 http://www.elitetrader.com/vb/attachment.php?s=&postid=1981764 07-07-08 http://www.elitetrader.com/vb/attachment.php?s=&postid=1984743 http://www.elitetrader.com/vb/attachment.php?s=&postid=1984937 http://www.elitetrader.com/vb/attachment.php?s=&postid=1984943 http://www.elitetrader.com/vb/attachment.php?s=&postid=1985029 http://www.elitetrader.com/vb/attachment.php?s=&postid=1985196 07-08-08 http://www.elitetrader.com/vb/attachment.php?s=&postid=1986277 http://www.elitetrader.com/vb/attachment.php?s=&postid=1986501 http://www.elitetrader.com/vb/attachment.php?s=&postid=1986595 07-09-08 http://www.elitetrader.com/vb/attachment.php?s=&postid=1987687 http://www.elitetrader.com/vb/attachment.php?s=&postid=1987987 07-15-08 http://www.elitetrader.com/vb/attachment.php?s=&postid=1995057 http://www.elitetrader.com/vb/attachment.php?s=&postid=1995275 http://www.elitetrader.com/vb/attachment.php?s=&postid=1995624 07-16-08 http://www.elitetrader.com/vb/attachment.php?s=&postid=1997338 http://www.elitetrader.com/vb/attachment.php?s=&postid=1997342 http://www.elitetrader.com/vb/attachment.php?s=&postid=1997347 http://www.elitetrader.com/vb/attachment.php?s=&postid=1997350 07-17-08 http://www.elitetrader.com/vb/attachment.php?s=&postid=1998307 http://www.elitetrader.com/vb/attachment.php?s=&postid=1998482 http://www.elitetrader.com/vb/attachment.php?s=&postid=1998691 07-18-08 http://www.elitetrader.com/vb/attachment.php?s=&postid=1999970 07-21-08 http://www.elitetrader.com/vb/attachment.php?s=&postid=2002423 07-22-08 http://www.elitetrader.com/vb/attachment.php?s=&postid=2003585 http://www.elitetrader.com/vb/attachment.php?s=&postid=2003589 07-23-08 http://www.elitetrader.com/vb/attachment.php?s=&postid=2004758 http://www.elitetrader.com/vb/attachment.php?s=&postid=2004761 http://www.elitetrader.com/vb/attachment.php?s=&postid=2004765 http://www.elitetrader.com/vb/attachment.php?s=&postid=2004894 07-24-08 http://www.elitetrader.com/vb/attachment.php?s=&postid=2005663 http://www.elitetrader.com/vb/attachment.php?s=&postid=2006028 http://www.elitetrader.com/vb/attachment.php?s=&postid=2006205 07-28-08 http://www.elitetrader.com/vb/attachment.php?s=&postid=2010043 http://www.elitetrader.com/vb/attachment.php?s=&postid=2010186 http://www.elitetrader.com/vb/attachment.php?s=&postid=2010380 Spydertrader, if youâd be so kind. I am using your more recent charts above among other things to learn how to annotate correctly. I understand it is too much to ask to look at all of those above, but on the off chance you remember it â were you annotating multifractal traverses in those charts above in a manner similar to the chart you posted today: esflaws&change.gif http://www.elitetrader.com/vb/attachment.php?s=&postid=2016304 Or all traverses annotations in your more recent charts above were done to illustrate the beginning and end of each traverse at Traverse Level Change points. Thank you.
Hopefully this works. Last year I posted this in the Futures journal. It is all or most of Spydertrader's 5 minute ES charts from the Futures journal. Enjoy the charts! Edit:here are the links to those charts. had trouble posting the pdf. January 2007 http://www.elitetrader.com/vb/attachment.php?s=&postid=1314862 1/4/2007 http://www.elitetrader.com/vb/attachment.php?s=&postid=1316144 1/5/2007 http://www.elitetrader.com/vb/attachment.php?s=&postid=1318932 1/8/2007 http://www.elitetrader.com/vb/attachment.php?s=&postid=1320256 1/9/2007 http://www.elitetrader.com/vb/attachment.php?s=&postid=1321591 1/10/2007 http://www.elitetrader.com/vb/attachment.php?s=&postid=1323126 1/11/2007 http://www.elitetrader.com/vb/attachment.php?s=&postid=1324700 1/12/2007 February 2007 http://www.elitetrader.com/vb/attachment.php?s=&postid=1346864 2/1/2007 http://www.elitetrader.com/vb/attachment.php?s=&postid=1348246 2/2/2007 http://www.elitetrader.com/vb/attachment.php?s=&postid=1351012 2/5/2007 http://www.elitetrader.com/vb/attachment.php?s=&postid=1352387 2/6/2007 http://www.elitetrader.com/vb/attachment.php?s=&postid=1353925 2/7/2007 http://www.elitetrader.com/vb/attachment.php?s=&postid=1355150 2/8/2007 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