I belive the Gaussians are correct until about 12:25 when all hell broke loose. I do not have the full char up because QT wiped out the info, but not before I cleverly took a snapshot of . I was really mixed up around the 14:00 time period. Hopefully I ca determine the correct course from others that will post.
Attached, please find a chart snippet of the afternoon price action on the ES. I found this area difficult for one very important reason - I missed the Dip (highlighted in Yellow). Because I missed this first flaw, I went into the lateral channel thinking I had an Harmonic effect taking place. The market didn't have that at all. The next bar (highlighted Green) turns into a stall and finally we have an FTT (also a Point Three) confirmed by the increasing volume (black) after the 14:10 bar (circled red). In addition, the YM showed a Point Three Up Channel during the entire period. The lesson? Pay attention to what you know and start looking immediately for something that was missed. While I didn't find the error until after the fact, I am hoping others can learn from it, and avoid it in the future. To see how everyone worked through the process of debriefing (in hindsight), check out today's Chat Room Log. - Spydertrader <img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=1501229>
I was able to kind of work from home today so I was able to periodically chart today in realtime. Most of the time I annotate hours after the markets are closed. The charting process for me seems to slow down in realtime. I notice myself getting impatient. Some of the gaussians I got mixed up on but I really see how it can show when a BO is happening. I am playing catch up and am reading through the journal pdfs that pr0crast put together. Thank you all for this great Journal.
Like your chart. The long term guassians at the bottom, what fractal are they based on? How do you use them in you daily routine?
I like to get a bigger picture of what is going on , so I use a 1 hour chart with channels that runs continuously, it helps me see things a little clearer. Then I run those channels down to the 2 minute ym . So the largest gaussian is the carry over channels based on the one hour ( bigger picture). The other gaussian ( next largest one) is the move of the channel for that day. Smallest gaussians are based on the channels that are drawn within the channel of the day. When i get a little lost on what is happening on a 2 minute chart, I pullback to the one hour and it seems to clear things up.I am still working on all of this , but everyday seems like it comes together better.