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RCG Trader
Registered: Dec 2009
Posts: 10081 |
10-28-11 07:20 AM
Quote from BenzMercedesSL:
Yes, I always jump fractals...
The "B2R" mentioned in your previous post means :
B2B2R2"B R"2R2b2R
The trend overlap area, am I right?
Close.
U left on a B2R. The trend can reassert itself.
Hold till a R2R, that is two bars over. See where you have higher red than the bar before it? That is a R2R. Keep at it,you are doing fine.
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RCG Trader
Registered: Dec 2009
Posts: 10081 |
10-28-11 07:31 AM
You need to take this bar by bar. Don't over think. Jack dumps a lot of info on his students. Take it all in and slow it down. I had a Calculus teacher like that. His name Dr. Dean, and he had a PhD in Mathematics and was teaching first year Calculus to freshmen EE students. He was brutal. And he would not stop either. So when I ran into Jack, it was like Dr. Dean. Do not try to take it all in at one time. Build upon each concept.
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BenzMercedesSL
Registered: Oct 2011
Posts: 70 |
10-28-11 07:33 AM
Quote from RCG Trader:
Close.
U left on a B2R. The trend can reassert itself.
Hold till a R2R, that is two bars over. See where you have higher red than the bar before it? That is a R2R. Keep at it,you are doing fine.
I should exit at the last red bar ("16:10-16:15" 5 min bar) on the chart as R2R appeared at that moment. Am I right?
 es 10_4_2011 eod rocket withstoc4.jpg
This has been downloaded 976 time(s).
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RCG Trader
Registered: Dec 2009
Posts: 10081 |
10-28-11 07:51 AM
Quote from BenzMercedesSL:
I should exit at the last red bar ("16:10-16:15" 5 min bar) on the chart as R2R appeared at that moment. Am I right?
You have it, grasshopper
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BenzMercedesSL
Registered: Oct 2011
Posts: 70 |
10-28-11 08:28 AM
Quote from RCG Trader:
You have it, grasshopper
Thank you for your help, RCG Trader!
In 4 Oct 2011 EOD, a DOM up traverse completed and then a NON-DOM down traverse started .(we saw R2R)
In 5 Oct 2011 morning, we expected a NON-DOM down traverse continuation.
I am wondering where the FTT of that NON-DOM down traverse is.
If FTT occurred @ 9:55, the last dom tape of that down traverse had only 1 bar. This should not be possible because the smallest observable thing (tape in this case) is formed by at least 2 bars.
When I switched to YM 2 min chart (9:52-10:00 area), I only saw r2r (the sequence was incomplete)
Did I miss something?
In the attached chart,
Black thin line: up tape and down tape
Blue medium line: up traverse
Pink medium line: down traverse
es 10_5_2011 carryover.jpg
This has been downloaded 985 time(s).
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RCG Trader
Registered: Dec 2009
Posts: 10081 |
10-28-11 08:33 AM
Quote from BenzMercedesSL:
Thank you for your help, RCG Trader!
In 4 Oct 2011 EOD, a DOM up traverse completed and then a NON-DOM down traverse started .(we saw R2R)
In 5 Oct 2011 morning, we expected a NON-DOM down traverse continuation.
I am wondering where the FTT of that NON-DOM down traverse is.
If FTT occurred @ 9:55, the last dom tape of that down traverse had only 1 bar. This should not be possible because the smallest observable thing (tape in this case) is formed by at least 2 bars.
When I switched to YM 2 min chart (9:52-10:00 area), I only saw r2r (the sequence was incomplete)
Did I miss something?
In the attached chart,
Black thin line: up tape and down tape
Blue medium line: up traverse
Pink medium line: down traverse
Sigh......
Rocketeer till you triple your account. I have shown you where to get out, and you know how to get in. What else to you require?
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