Good morning all, If anyone wants to review their gaussian concepts, here's my attempt at explaining (at the IBD Tucson meetup). Skip to around 7min45sec: video download [173MB camtasia file] (right click, save as...) camtasia_codec.exe (in case you don't already have it) I hope you find this helpful... -Pr0crast
I'm certainly not trying to be disagreeable - just pointing out the comments that I've heard Jack and Spyder say on several occassions. As always, YMMV! -Au
Hey Pr0, I can't disagree with (or "argue" ) the "making bank" statement. And if one is monitoring for "change" and "continuation" at all times, then maybe it's a mute point. but... Change did come after the 12:30 peak, right? But knowing you, you prolly were able to hold thru that to catch the nice PM move . Did the decreasing R2B peaks up until this point help anyone "anticipate" "change is coming", or was it just a "lunch-time phenomenen", or simply random? My nature and quest to be mechanical (as opposed to discretionary) has me "trying" to apply PV instead of using relying on "rules". Could be one of my many hurdles, dunno. Just trying to foster some discussion. Sometimes it helps me add clarity, other times it muddies the water, lol. As usual, just my opinion(s) and food for thought. Semi-related, thanks for posting the MeetUp avi. Have a good weekend everyone, spooz
Spooz- While the huge red bar did not scream "change" to me, the huuuger FTT that ensued did So we probably ended up in the same place anyway...
Chart for the morning. Had trouble getting in. Obviously there was no clear direction after the opening allthough price did reside in an up channel. There was some news event (so it seemed) that triggered a double bottom FTT right after 10:00. After that I traded very well. Even pushing the hold button until "change" worked out. regards, Ivo
I'm curious why your down channel has 11:35 as your new pt 3? To me it doesnt appear that price has proven yet that to be a pt 3 but maybe I'm missing something. I think it could be a pt 3 but maybe too soon to draw in?
You don't have to wait until something is "proven" before you draw it. In fact, before the 1135 bar I also used the 1120 bar and the 1100 bars as PT3s. PT3 got moved up to where it is now because price BO'ed on decreasing volume, which tells me that my RTL is "incorrect."
Yeah, I know. I was setting up quotetracker and messing with the carryover channels. It was there but I removed it. Another thing I missed was the 1st FTT because I could actually not see my first ES bar on my chart as the day seperation line was the same color as my bar lol and I thought it had the same high as the FTT. Anyway, all this is fixed now. I'm going to use it a couple of days to see how it goes. Ivo