The gap is only between the previous bar close and the open of the new bar. De-gaping could mean: a) I simply adjust the open of the new bar to the close of the previous. b) I move the whole new bar the distance it needs to adjust the open to the previous bar's close The problem I see with b) is that I'm altering the high and low. Therefore creating new formations.
Thanks. Is that bars 72 - 77? If I would be picky then I would say that the last bars are not de-gaped.
Let me give you a shortcut. JUST READ all of Jack's posts from around July 2009( somewhere around there ) to the present. That's thousand's of Jack's posts that you don't have to read.
here is a four color illustration of a long followed by a short. long short long An end effect occurs. short long short Imagine you are a CW OODA potential trader. You trade up and down and use entry exits. There are three up and downs shown Up Down Up Down Up Down first trade: you enter and set stop: go to BE and set trailing stop; stop gets hit on down above BE. second trade: you enter and set stop; stop gets hit for a loss. you feel bad. you remember the second trade more intensely than the first trade. third trade: you enter and set stop; stop gets hit much faster than the seond trade. you look at your plan. You decide to not get hit too soon like you did on last two trades. Wash and rinse. There was no recognition that a trend has three moves. Here you get told a trend has three moves for a trend cycle to occur. You do not believe it and go your way. PEP follows the pattern. All its applications do too. A CW trader does not know the difference between a retrace and a reversal. he doesn't have the math coded either. A CW trader keeps washing and rinsing. he keeps fooling around with his money mnagement and his protective stops. 90% of CW OODA traders are only trading for a while. they open accounts use up the capital and close the account. they save to start again. they refill their accounts. they run out of money before they run out of time. At some point they leave trading. survior statisitic stink; losers get counted once. winners get counted over and over since they are still trading. try 55 years of doing something the wrong way. I took my inital capital out when I doubled it. Why? The reason is that I have traded on profits only for a lot of years. Enter; hold through retrace; reverse on dominant to dominant; hold through retrace; reverse on dominant to dominant. Waht is the retrace secret? It is the volume trough between point 1 and point 2 of price. waht is the clue on point 3's: they are on troughs between point 2 and the FTT. the end of the third price move is a Failure To Traverse the PARAllel lines of the boundary of the trend. As is said this is jabberwokky. I person saying this cannot make it to dummy.