Deciphering Jack Analysis Bar by Bar ll

Discussion in 'Technical Analysis' started by workwithus, Jan 21, 2014.

  1. I think it is as you were with 28 = P1 ?
     
    #11     Jan 22, 2014
  2. Ah yes this is very tricky.I probably will have to review some of jack's charts with exact same situation to really get feel for correct assignment.This is what is good about realtime annotating because i come upon these "how do i handle this exception" situations which forces me to do more research and refinement.OK i'm going with b28 AFTER the squish is a translating XB on dec volume so it's measurable and is assigned the first P1.This leads to the PP1 on B30.WOW. What is unique about this situation is i go from a non measurable bar before the squish.Most of the time with the squish you have measurable bars that turn out to be non measurable after the squish. http://screencast.com/t/kLUpQbOiDk
     
    #12     Jan 22, 2014
  3. #13     Jan 22, 2014
  4. Thru b43.Ag on b34.BM REV on b40.B43 is tricky.BO T1 down with OB.So upper level is first P1.Then lower level is T1.This is a PP4 back up. http://screencast.com/t/PprTi5348
     
    #14     Jan 22, 2014
  5. Ah we differ with my Ag on b34.Lets look at seq leading to b34 and Ag requirements.P2>P1 is True.Just after P2 is True.Bar.0 is New P1 is True.Does bar 34 need to be higher than b33? I don't see that as requirement.That is why i assigned it an Ag. http://screencast.com/t/PNkBHjzae1q
     
    #15     Jan 22, 2014
  6. Ag; "Add Req" Bar.0 is New P1.
    To be a New P1 wouldn't 34 need to be higher than 33 ?
    Edit: no I think you're correct with Ag:
    34 would be New P1 via Rev Chron ?
     
    #16     Jan 22, 2014
  7. #17     Jan 22, 2014
  8. Yes Rev chron because b34 lower than first P2 (b33) but higher than first P1 bar (b31).Even if higher volume on b34 than b33 (first P2) would also be New P1 because of Leftmost rule in that situation (if first P2>first P1).
     
    #18     Jan 22, 2014
  9. B58 is similar to b43 because of OB dual assignment resulting in another EE trigger on same bar.BM REV up on OB.So begin with the first P1 on upper level.Then T1 on lower level.This triggers a PP4 down. http://screencast.com/t/WxhGdpMY8Wwd
     
    #20     Jan 22, 2014