Jack, the lightning has struck... You mentioned me in your post... God bless your perversity. What about bar 56 or 65? Ticki gave up already.
yesterday they were both waits. LOL almost no one in ET could not figure that out besides you. Have you ever heard the word "shadow" anywhere?
jack, so far 3 bars on open working well. see how rest of day plays out, but the pattern looks set for remainder
It ws a little frightening to see that the chart was screwed up. It may not be a good idea to use color if the coding for color is non functional. the substitute for what you believe is the interlocking nature of fractals all based upon the OOE of the Pattern. I know people chose to not go through a deductive process to begin to define how markets work. But if a person makes the effort just once, then they have a solid foundation. To not have noise, anomalies nor flaws in a complete system makes making money quite a different process.
I do have proper coloring on my work horse charting. Threw that chart together quickly for a post. Degapping is also on my charts interbar and daily Bar degaps. I'm a decent student of your method and do the required work.
Your posts are a good idea and thanks for doing them. I believe it is a good idea to "use" the CW for planning your front running for the day. The list of myths is long and wide. Today the interest by CW folks began with the thought of a retrace on a gap. They throw everything at it and especially fibs. The simpleton's fib is 50%. aftr the "opening range" theories have been applied. the net profits for us are expanding beyond the ATR value and we are beginning to use the interior of the range for knocking off trades up to about bar 33 where the midday starts to set in for CW types. They have a PM BO after lunch. Between bar 33 and end of lunch in CW land, we see mostly "quickies". For example, today the quickies were Identical on bars 34 and 38. The last quickie ws on 42. Volume BO's can happen and that gets the pm BO going. The Pm bar 61 trade ened the midday but there ws one volume trade before that @ bar 48. today we saw two types of suppression at work. Most notable ws bar 75 and that lead to an automatic "call" on the next bar. There is a theme of criticism here that I do not do calls the way detractors would do a call (which they do not do either). On an automatic call, to carve it you look at other leading indicators depending on your skillls and knowledge. A good CW trader rule for those who might coattail me would be to do the trade two ticks off the extreme. A lot of CW folk can't see leading indicator extremes in advance, however. the last half the day made more delta than the first half just because of the general puzzlement that sets in everyday for the CW world. basically as a day passes in CW non performance begins to naw (lol) at folks because they are shooting for 20% a year and they are going to have another day that doesn't count. they missed the gap and they are NOT neutral biased so they "waited" for a retrace (a long after a short. theyy got two but then the market turned and they (roughly speaking) slipped back to BE after they move their stops to BE. Most CW do not understand that the minority controls. the absence of the minority is what happened to limit orders that turned to market orders just after the end of the last lateral. the lat went along to 7 bars and broke out down and turned tons of limit orders to mkt. So the bar volatility shows how all that neat stuff caused by the minority happens. Account closing of poor traders is mostly reseved for the max pain part of the day. The end of the day as margin is upped for the non RTH's. Max volume of the day on that bar. The "call" is for the open: It is after point 3 of the parallelogram so it is only one move to the end of the trading trend. Most people can surmise the sentiment for the open (short). About the price for the entry. You enter market order short and find out what the price is by looking at your position on the screen. This Am is a good example. the price opened and the mkt order ws long. You are in the "fast" lane for execution. From volume yo know this bar ends the long. By the equation of two ratios, you know the volatility of the bar 1. You also have a look up table for both volatility and for overlap. big overnite gap up; high volatility bar 1; the sentiment "costs" a little and you ease into the NEW short sentiment just ahead of the CW herd who is looking for more long as the MAJORITY. Boom boom. The day starts with a quicky (right after the herd initial disappointment) that is all red and run by the minority as usual. On bar 4 you take a ride up to the opening high for the day (almost, it got wiped on your supressed bar 75 (now you know why to suppress it to get the real high of the day)) finally by bar 12, you get the chance to front run the herd down to the low of the open. Everyday there is a story...... you tell the story 2 or 3 bars ahead. then anyone can stay focussed on what is coming across. Its Summertime, ....tomorrow is Friday.... The Olympics is hot. No one is going to announce who on Wall Street is going to trial. And your mortgage is still underwater if you have to have one.
No one knows sh1t here.Even the ones with the millenium of 'refinment' under their underwear.Oh boy,i glad i dropped this boloxinger..