I use otr charts also, but I like to color my bars to help with sentiment. Here's a picture perfect sentiment trade from a few weeks ago. Just to be clear, entry is the combination of color change and dominant prv or lock in or is dom prv enough to enter with the understanding that H might happen? Also, question 3 and an example of N have been sorted. Thanks
Attached is page 1 of today (15OCT10. As you see the log is in use. Note that the entries are on open of bar as shown by the 330 entry in the seconds column, column C. Exits are done on bar opens as well. See page 2 upcoming post. To follow the log, you need the nodes for column D. The node ID's are found in two places: 1. A word Document entitles MADA Finite Series for cycle 1, and 2. a folw chart for the Dominant Segments Cycle 1. There are several renditions of this. A note about version 3 for feedback and softening is the one to use. the nodes have some subtleties that will elude most people since their minds lack the "inference" to add to a chart display. Not having PRV on the display is a problem as well. "Exact Science" trading is based on leading indicators of price. Many people do not know that price is a lagging market indicator. This just means they miss market signals and use induction mostly for their limited success. Often you "see" posts that eal with "discretionary trading". Discretionary trading is Arice Action trading on lagging signals. Cycle 1 only trades Dominat segments according to their sentiment. Review the group's log which was composed during a meeting from 6:15 to 10:00am, Tucson time. since this is early in cycle 1, the twp pages are sufficient to add a contract at the exit of bar 14. This is a 50% increae in capital traded based upon trader performance. Bt bar 22 anther half of contract margin has been extracted.
Here is page 2. As you may have noticed on page 1, there were several "wash" trades. The N node is what is at play and it happens during bars. Thus it is an intrabar trade. See the REVERSAL column of the flow chart. The pass/fail is defined in the box in red type. the times of reversals is noted approximately in the "seconds" column. As you see, the important things are in the center of the log. Sentiment is the divieding column. To the left, the flow is documented. Volume signals are usually the folw source of change or continuation. In the case of "sentiment change" the reversal column is used. This keeps the trader on the CORRECT side of the market. the AM session will be repeated at a different location this afternoon. The PM group is oriented to corporation building and world service to others. The members of this group are all trained successful medical professionals.
With respect to the question 3, there are 5 examples of this on the first 23 bars of today. You can see that TWO lines on the log are devoted to each N node. As time passes, the user of dominant segment trading, gets used to the subtleties and elegance of the 24 nodes. Some nodes, in consecutive pairs actually respesent the beginnings of programmatic logic. The flow chart can be conveted to programmatic logic and then the subsequent cycles shift in comprehensieness lead the user through the successive outer shells going outward from the dominant segment core. Programmatic logic has many functions, all of which were introduceed in the Cash Cow thread. this is how the non probabilistic basis of trading and markets is handled as an "exact science" in finite mathematics. Certainly there cannot be precision and an exact science in the probalistic hemisphere of the financial industry. There in that environment, doing less with more is the theme. Tradesmen from other fields have immigrated into the financial industry to conduct this "biggering" as Dr Suess said in "The Lorax". By cycle 10 we will have added 9 shells to the cycle 1 core. The "tape readers" of yore did what they did by examineing dominance and sentiment. Here in the age of the PC, we simply reexamine Volume leading Price in the identical simple wholistic manner. The cycles are just there for building the mind using the CPM method of science.
Thanks for posting the log. I'm sure the debrief of it will reveal some good nuggets of info. I took the time to re-organize the cycle 1 flow chart in a way that helps me understand it and reference it quicker. When you get a chance , could you look at it to make sure I didn't miss something.