I apologise for my pompous outburst. I don't know what came over me. It is not my position to issue rebukes to anyone, however mild. I'm also struggling a bit today: coincidence - I think not.
Just got back from a 2 week vacation in the 50th state and I am getting caught up in the discussion. The change in sylabus, where March is used to improve your PV skill is greatly appreciated. Before I left on vacation I was beginning to read too much into every bar and I think a more relaxed bigger picture focus will really help me. mahalo,
At times I feel like I'm being bit of a pain posting here, but I'm here to learn and my efforts are sincere. I am losing the context within which the gaussian apply. I understand the reference to the perspective of the channel, but as in the attached chart, I'm seeing initial down move with high red vol, I'm then seeing an up move (retrace ?) on diminishing black vol. However this "retrace" continues all the wy to = the range so far on the day ( nearly 40 points). the pink line is carry over from fall of last week. the yellow is carry over from the up move over las days. I put in the light blue from 15 chart. I don't see where the forest is for today so far.. How can we use gaussians to give us that perspective.. thx Ps MAK. I would also be grateful for the prv xls tool to work for Esignal. I'm not adding tools without thought, but I find the vol ratio very hard to figure out in real time. I'm more a visual person. filterTip
Heres is an update. I think I am interpreting the vol correctly, but again for me it's about knowing the context it applies within.. Ie we had increasing red vol on each red bar, but how to tell that it will cont or retrace (and by how much) is where i get confused. I drew in the orange down channel ( small forest) when i felt I had a point 1.2.3... thx FilterTip
OK I've seen the up green channel, late, and also the white lateral accross the top.. THe zig zag nature of the smaller channels creating the larger forest has been clearer today. Not sure if that's me or the market being more "structured" in it;s moves. Not sure how to interpret the red FTT', to the right. They looked like FTT but not responding very well.. FilterTIp
the red FTT ?? turned out to be an FTT. FBO of orange (red) channel but red vol on down move so far decreasing. Perhaps this will be a point 3 of a new up channel coming out of the red down channel ? FilterTip
Forgive the post here..but what do you know..I drew in the 2nd green channel on the ANALYSIS of there being reduced red vol in the last down move down towards the red FTT. We have the green channel ( forgot to write in the point 1.2.3, but you see them hopefully.) We have black vol pushing up, ( but not as we know it Jim).. it's rather low..possible FTT of green channel..? Is this the way to analyse the vol and gaussians..? It's knowing when to be zoomed in and/or zoomed out.. We have to try to do both..? Or be aware as to when one or other is required..? difficult though..
I'm surprised to hear this but it makes me feel better as I find that paying TOO MUCH attention to volume is counterproductive, for me, and makes me jumpy. Basically I want to see if reds or greens are dominating the trend but otherwise I am just looking for point 3's and RTL crosses. I am cheating a bit on some exits tho and leaving after a nice move on what I suspect is an ftt.
Well we got theFTT on the green. Decreasing black vol approaching the green RTL forsaw the green FBO.. Hope this is of use to anyone.. I'm also posting this out of respect for Spydertraders hard work and the detail he gave to previous posts. Hopefully, as far as I am concerned, your hard work is not going to waiste Spydertrader. Thx By putting in the work, staying focused on what we are supposed to be focused on, it does start coming together.. FilterTip