If you don't mind me asking a question about your chart, I would like to draw attention to the ending of the first leg up. I have attached the section I am referring to. Is there some clue in this part of the chart to suggest to you that there is more to come in this container? At the point I have ended your chart, everything seems to be present for this container to be complete. By the gaussians you have drawn there is b2b2r2b, there is an ftt of the up thing, and the volatility has dropped considerably. There is then a signal for change in the increasing red volume. Is there something to tell you to expect a sub fractal? Or do you just wait for an opposite down container to know that the up is complete? Thanks for your time.
Holy cow. I've been nothing but respectful. My mentor's charts aren't the topic nor the focus. This is about YOU as your thread, and about ME as in wanting to learn (which is why you came here to start with, to help). A 3rd unnamed party isn't all that relevant, as I've already told you very politely that I am NOT hung up on, nor convinced, what I learned is the proper way to handle this stuff. I want to rectify MY way of handling this, not someone else's. Therefore, it's somewhat moot & more focused to move forward. I was interested in YOUR method usage, and this is YOUR thread. So, I was both on topic and reasonable. Sorry it didn't meet your approval. I had some interesting questions about your chart too, which would have potentially been valuable to others as well. I made it through the 1st day & understood everything & why you did it... then into the 2nd day, a couple specific questions arose.
Vertex, Great question. These are valuable areas to be looking at. Beginning with FC's, we can hopefully begin to see the minimum of two dominant legs which compose them and how they relate to each other. As the market as fractal, these same exact principles apply to how the dominant legs of larger trends operate. Keep studying the relation of dominance to non-dominance and how they relate in FC's, and then begin to apply the same logic to larger trends. We aren't trying to build three dominant sub-fractals to compose a larger fractal trend. The short answer to your question is that the pink container satisfies the requirements we need in order to bring us from P2 to P3 of the larger fractal, but at the point of the image cut-off, we haven't yet satisfied all the requirements to move from P3 to a potential FTT of the larger fractal trend. Attached an image with an attempt at a more detailed step-by-step walk-through of the area. Thanks for taking the time to contribute a well-formed question.
Thanks llIHeroic, Sorry if I offended you, that was not my intention. A picture is worth a thousand words. I wanted to gauge you level. Now I have.
Thank you for the detailed answer! The part about promoting the fractal seems to be what I was missing. I need to put some thought and study time into that. At my current understanding, that "feels" like jumping fractals. So I will need to shift my view in order to get in sync. Thanks so much
Maybe I can clear something up, for whoever cares (even if nobody does). My having been mentored is not the topic here, nor is it my place to share a 3rd party's charts. I don't even want to get into whether I'm allowed to, or not, etc. I really can't recall & not worth my time in trying to figure that out. Aside from that, it's not right to do so unless I ask for permission. Besides, there can be a lot lost in translation between having been taught, and subsequently using the stuff or our personal understanding of it, and it only distracts to refer back to something that I might want to CHANGE anyway even if I did clearly understand the material I was taught. I thought it would be mutually understood & implied that it's not my place to share someone else's stuff, and not too fair to demand that I do so as a condition for continuing here. The thread is perfectly fine & dandy for hashing out our individual understandings & usage of this method w/out referring to other things which we may or may not want to heed or spend time deciphering. Aside from that, we were beginning to get into some interesting details (didn't even get to ask the questions).
plantrader, This isn't about the charts. If you honestly felt uncomfortable because of the possibility that you would be violating a previous agreement, you could've just shared that with me initially instead of ignoring, deflecting, and then refusing my request by citing an unrelated motive while dictating to me the best way to run my own thread. I don't believe that you have malicious intent with regards to this thread's purpose, so I'm going to ask you one last time to please stop derailing it by prolonging our disagreement instead of just putting you on ignore. You don't need to defend yourself; I understand and have stated multiple times that I believe you mean well. I just don't think that this is a good medium for us to communicate successfully. Even now, when you make statements such as: You really don't demonstrate an open and humble attitude which I believe is conducive to participating in a positive learning environment. This is going to be my last post regarding the matter. Please stop interfering and let the thread continue to progress. Feel free to keep reading along and hopefully you can still find personal benefit despite our current difficulties. Thank you.
I agree with most of that, except for the attitude comment. The only thing I'm not open & humble about is something that's simply not my place to get into. It's just not right to do so, nor to make it a condition for discussions with me (IMO). That's all. There are things you have flatly stated you won't waste time on nor entertain, and now I've done the same but only on one small topic. I never expected a 3rd party to roil this thread so much. I didn't come here for that whatsoever. I've stated my intentions numerous times, I didn't think to "explain" it as not feeling comfortable until my above post. I honestly thought it was just common sense as to "why" when I kept saying I'd prefer not to. Plus to me, since I may not want to heed some of what I was taught, I really didn't want to spend time on that & would have rather focused on your stuff instead (as stated more than once). Thanks for rounding this up in any case. It's over for both of us, no worries on that.
BBT1 gets ITZ & accelerated, I saw that too. But the pink down thing which I've circled doesn't seem to FTT. How can it be a BBT2? It doesn't need 123ftt like BBT1? My perspective at the time, although possibly flawed but not sure why yet, is that the pink down thing failing to FTT meant we have to fan around it & continue BBT1. Which in turn ends up meaning BBT1 has a full volume cycle & therefore BBT1 can't end until around noon on your chart. Due to not having a proper RTL cross and/or meeting the minimum requirements for BBT2 until after around noon as things unfold. I'll put my questions on hold re: the 16th, in case anyone was wondering the same thing. I've circled what I thought was an invalid BBT2 due to not FTTing.
Don't know about all this BBT and equal weight stuff but if the lines are drawn a little bit different then the ftt or FTT is clearly visible. If there is a VE the lines have to be accelerated.