Jack, if you are still following this thread could you expand upon just how "you get to know just when a c turn CAN follow from a prior c turn"? I understand this as a DOM to DOM turn (completing "The Pattern" and starting another one in the opposite direction) followed by another DOM to DOM (which fails to complete the newly started pattern and instead starts one in the other direction). How does one differentiate between a "c" turn that is going to give the trader time to get a smoke or surf for porn from a "c" turn that might have another "c" turn just minutes away? Are you suggesting that there are clues ahead of time (other than monitoring volume as the moves evolve)? -river
As people do purposeful work learning to trade, they discover "differentiating" among things that share many common elements. The topic of your question is the differences between a retrace and a reversal. A "c" turn is a reversal. An "a" turn is a retrace. Read the recent Lucrum post. He suggests that he OP begin to learn. Lucrum suggests a way to begin is to look at a trend "resuming". The OP can't distinguish a trend as yet. So seeing trend resume is specious for the OP. To perceive (have perception) a person is required to add sensing to "inference". Inference is the LTM in the mind where "knowledge" exists. The team of programmers who contributed the color scheme to my bars worked copiously to define bar color. This may be public info at TN. For the OP to build his mind he needs a chart that is color coded. Bunches of black bars means the trend is long. Bunches of red bars means the trend is short. Trends have three moves and "The Pattren" shows this. A retrace is a second move in "The Pattern" and a reversal is the move after a trend FAILS. Now, we have to deal with the trend that just follows a trend that finished and, where briefly, A new trend is in its first move and is coming to the end of the first move. As lucrum explained, he mentors people on this circumstance by letting them watch the markets for 6 months while taking notes. In their notes the answer appears Lucrum says. At the end of the first move of a trend it can have a "falure to retrace". When a timely "failure to retrace" occurs it is equivalent to a resumption of the prior trend. A "failure to retrace" is a completed brief trend (DOMinant was opposite). At this moment a second new trend begins its first move (the DOMinant is identical to the prior trend before this brief interlude). As an aside, any person can learn to trade. The OP is correct in his pleadings for 5th grade answers. Step one is to sort relative bars. Half count in a trend; half do not count. Equations do this work and color the two bar pairs where the second bar does not count. (in a shaded box) For the pair second bar that counts the second bar is one color or the other color (that is, it is the trend dominant color). The above four sentences make any fifth grader a profitable trader. Here is how it goes. A little girl gives a little boy a condom. He opens the top of his desk and cuts off the wrapper with his scissors. The little girl smiles. He doesn't need to open condoms for 6 months does he. Both little persons know how to deal with the trend they began. They know the end effect of using a condom. So they wash it out and let it dry. The hard part is rolling it back up to do the same thing with it once more. rolling condoms back up is called retracing. Using a new condom is going in a new direction to get the same result; it is called reversing. Trading retraces is more dangerous than trading reversals. Two "c" turns get linked when a "failure to retrace" is between them.
Your extensive posts rarely fail to make me smile--thank you. The condom story reminds me of your Dick and Jane story from a few years ago... Yes. I believe these are the "quickies" you've mentioned in the past. In the post I quoted earlier, I thought you were suggesting that there were clues, in advance, that we would get a "failure to retrace". Perhaps I misunderstood. Other than volume, are there any leading indicators of "failure to retrace"? -river
Jack would you be kind enough to help me bridge my orderings (or rather: my attempts at orderings) with yours? I am pretty sure that if current volume bar settles in Region II it falls into T2P class. If it settles in Region III we call it a P1. If it goes all the way up to Region VI we punctuate by naming it P3P (or PP1a if we are more precise). Region I Region I is perhaps P3P (Ab band LVBO). But if the first bar after the purple dots is actually an older T1 (we see that it is less than T1 marked in the picture) then do we split Region I in two: - Region I higher (closer to Region II) - Region I lower (closer to 0 volume anchor) In this case, in your ordering, would we name bar settling into Region I higher a T2P bar? In other words, if the lowest volume in the current information parcel (i.e. data set starting just after most recent punctuation point) were to be broken by the current bar do we still look for lower volume on a slightly wider "NOW window" or do we instantly name the bar LVBO and reverse? Region IV PP3 or T2P? Region V What about the region in which we have three higher peaks (in this case 3 P2s) but no acceleration? Perhaps this is some kind of Ax Band HVBO (what would be "x" in this case?). And this would mean INSTANT reversal. As opposed to region VI were we know that reversal is coming but we let the price ride... Can I say "Symmetry Type" instead of "class"?
thankyou for your Q's. I know you do AI so I will jump up out of the beginner level and simplify the whole system of the market's operation for you. I'll make several posts so the focus shifts slowly to gradually encompass all the matters for taking the full offer of any market. To grasp how the market produced such a small number of finite elements to complete a full operating system with no flaws, anomalies or any noise, first I will show you a skeleton of a day interms of the independent and dependent variable where I use uniform information parcels. I took the pic today and the chart does not depict today as you can see from the time notation.