OK. Second try. Here we go. It certainly seems this way at times, but if we really take a close look, we can see things really aren't that different than over in Futures. First, think about 'flaws' and 'formations' and how they work over in futures. We often see 'flaws' and 'formations' across 1 to 5 bars. Well, the same holds true over in equities. The only difference between the two is time (and the fact that equities often gap between bars). Now, if you think in terms of 'flaws' and 'formations' and imagine the daily equities bars represent five minute bars, you can start to 'see' things in your mind as they really are. For example, you've got some Pennants, a dip, even a Lateral Formation within your orange up channel. Annotate through these areas (unless you note a change in dominance after a flaw or formation), and everything goes much smoother. No need to worry about following every bar with a Gaussian. Just simply act as if the 'flaw' or 'formation' volume isn't there. cover it up, and see how it works then. That's a lateral channel, not a lateral formation. A lateral formation has the subsequent bars all inside the first wide range bar. A lateral channel has points one two and three (or more). You are not predicting per se. You appear to be trying to gauge what "must come next" by following the current Volume Cycle. Nothing wrong with that. However, what you do already know is that this whole area is part of a non-dominant traverse, which, at any time, could decide to head back into its dominant direction. The ideal set up involves a short term pullback on a longer term dominant up trend. While money can be made trading these non-dominant traverses, better to wait for the point where the two trends come together and watch for the breakout or for continuation lower. You see what we e have here is two trends battling for dominance. As we move closer to the point where the two trends collide with Price, we can then know which side has won out. However, we must be careful here as well because as we often see with futures, this victory can often be short lived. While I would prefer a nice B2B on my Gaussians, I don't really get picky. Increasing black Volume along with corresponding increasing Price works just fine (the opposite being true for shorts). If (based off PRV) I have improved Price and increasing volume, I am good to go. I have already reset my lists for the next day, so I cannot say off hand what DU was for TASR. However, after I watched TASR gap up this morning out of a Pennant, experience (See Journal I TASR trade) told me to avoid TASR when it gaps. At least this time I didn't hit the delete key accidently before sending. - Spydertrader
Thank you for the great questions and thanks for the great response!!! just my two cents for TASR, i had it in dry up last week, and hitting FRV 5 days ago. one thing that i have noticed is that these stocks can hit DU right after hitting FRV right after hitting DU. it's like a soap opera, if you miss a day, you have to figure out whats' going on. so the TASR FRV yesterday, for me, is falling in the middle of a move that started last week.
WL is showing rank for WINN on my screen as well with Qcharts data. Are you using Qcharts data also? - Monkman
nicepair thanks for sharing that with me. I'm going to try it out. You've been very helpful. Thanks Spydertrader as well. Tried the gallas .iff from the first journal. Will try this version. I just noticed that this includes beta .6 and a price of over 25 dollars. I will change this as I am still in the beginner stage.
Monday Dry Up AFSI AVCI BTJ CALM CECE GROW GSAT GSOL MTOX PRXI ROCM SYNL TASR TRCR VSR WINN had a rank when I added it to the Final Universe. It doesn't know though. - Spydertrader
I use the gallas2.iff at the moment. I STRONGLY recommend that you remove the beta component. MSN doesn't calculate a beta for every stock. The problem is, if the beta is blank then it doesn't pass the 'beta > 0.6' test. This substantially affects the final universe it creates. I wondered why my universe was missing so many stocks until I removed that criteria.