I knew someone was going to call me out on that(I didn't want to re-edit an edit). I said it was handled on the red fractal. It is an ftt of the pt1 to pt 2 of the brown fractal and an ftt of the fastest pink fractal.
Originally I wanted to continue to "tear" Jack's cycle 1 trading apart and work on the next bars of December 13th. But after PTVtrader showed me that I could have seen some additional information and used the cycle 1 instructions differently if I had some tapes and channels in the chart and new if I was at an FTT, pt 1, 2 or 3 I decided to see what I still know and remember about annotating the charts. At this link http://dl.dropbox.com/u/351147/December 13th channels.pdf you will find how I (try) create some tapes and channels, draw some gaussian lines, try to figure out what I know and what I don't know. Those channels if correct I can then use together with the cycle 1 flow chart. BTW... even though I know this whole method is about price AND volume I don't remember to have seen any instructions for cycle which talk about tapes, channels, pt1, 2, 3, FTTs, etc. Therefore the Cycle 1 trading should work without it. Well... it seems to work... more or less... I will see later. P.S. It's a PDF file with MULTIPLE pages. ;-) Thank you for your feedback.
Going back to Cycle 1 bar 9 from December 13th. I skipped the first second and am now at the 2nd second into the bar (=298). There you will find this situation... No need to look further into bar 9 because I would never enter and can directly move on to bar 10!?
My repeated response. On bar 7 we when though an identical situation. I posted to you a few times repeating the jist in several ways. You did not "get it" It looks like the 19.4 MB post that I couldn't see was 87 pages long as someone else noted. You posted this chart 2 seconds into the bar. I responded to what is showing and what it means to trade it at that time. Not that the log I posted on these bars shows that the short before bar 6 ended just before the open of bar 7 with a profit. Then on the open of the bar 7 you went long on a dominant. you left the trade when you surmised the bar volume was nondominant when all values were saying to you the bar was a dominant volume bar. Do what you see for now and later you will grow into a reasoning process that makes it possible for you to excell. You present pace of bar bay bar trading is 2 five minute bars in 4 days or so, Most people can do an 81 bar log for practice in 40 minutes. It is called doing drills and making mistakes. Notice above you find your illustration in a form that can be annotated. So I annotated it. You are making a lot of mistakes. Now you know what those mistakes are. Correct doing those mistakes so we can move on to doing logs of a day, posting the log and anotated chart and my comments on correcting the mistakes you are making. Here is the idea behind learning. you work in real time on real charts and log by filling in all the columns. Today you made 6 points by bar 11 and the gola was 8 points. In a feww more bars the goal was exceeded. We in tucson had the experience and made three videos at the same time.
Here is page 1 of today's log. Notice that we are using more than 1 line for a bar. The focus is on seconds, nodes, and trading actions. So you see the time, the nodal sequences and the trades. Reversals intrabar show as exits and entries on the same line. this is a time where market activity is influenced by rich people being on holidays. It cuts the volatility, volume and daily volatility in terms of ATR.