Hi, I post here my analysis for ES today. I continue to have many problems avaliating the Flaws in Real-time. I always believe they are FFTs. (I'm only using ES p,v and YM p,v along with the indicators, but lately I try to not look at them, I try to concentrate in PV only). Also, I try to "hindsight" many times the FFTs. I think this can be because I am to worry to spot them Today, at 11h00 (EST) the YM made one FFT about 4 or 6 min before the ES. I didn't expected that and I immediatly short (simulate) the ES, just to see him go further more 2pnts up... but I'm confident that I will get there....oh yea! if someone can give me any advice on this (channels+gaussians+price) I will appreciate it very much.. I am reading the journals again and I'm organizing the information of the posts (spydertrader, jack, mac,etc) in a MindMap to be easy to recall the information (to many posts to remember them all) Thank you all, Pedro.
Pedro- Don't worry so much about the flaws, we will learn about those latter in the year. Please go back to the first pages of this journal and set your chart up according to the insructions. ie no indicators, we are not using them on future charts. The gaussians are critical to this method. Channels and gaussians must be completely understood before moving to any other tool, including the YM. There is plenty of direction at the start of this journal. Good job with the chart, keep it up and strive for each channel drawn and annotated. Remember - perfect practice makes perfect. -Mike
OK, done! I just put them because I thought it could make things easier. But I understand that the focus must be only in PV for now. Price: Formations+channels Volume: Gaussians, PRV Thank you.
ES 26 April 07 Fanning out the channels (recycling pt 1) to keep in synch with the gaussians seemed to help although I have ended up with a couple of channels quite different from Spyder. Not clear why an old pt 3 is often used as the new pt 1 (e.g. low of 10:30 bar).
Hey dkm, Missed you in today's chat. I don't think it important to have all our channels the same. When I started doing the charts, I was concerned that mine didn't look the same as Spyder's. But I realized it didn't matter. Only that I was on the right side of the market. For instance, today at 13:20 shows a BO of the RTL. You show it on your chart as a 1-2-3 starting at 11:55. On my chart it is a PT 3 of a larger channel. But so what. We both 'see' the BO and are both on the right side of the market, ie short. I draw a 'larger' channel just to force myself to the 'forest' level. I don't think it matters one way or another. -Mike