How do you resolve the fact that it still puts p2 inside the current short TF, violating clean page 4?
A similar situation today in the FDAX. At first volume and fractals/channels/containers/etc. seem to be in sync but then...
ES 20100510 pm FTT "green bookmarks" bo'd at 14:05 and 15:55. Two levels annotated. Any feedback on incorrect annotations welcome.
I'm catching up to the progress made by those working. During you daily debriefing it is a good idea to note where and when you didin't "know that you knew". The easiest places to point out to yourself are in the omissions sector of your doing MADA. Sceondly, as we see, the market always "telegraphs" it sentiment and disposition which is all part of context. each time you find that you have made up a trading rule, then go back to MADA and see if you can find out how to eliminante it by using some drills that "fill in " sparsely populated areas of your inference and differentiation. On critique that is worth considering is when you have annotations which have gaps in between them. The easy examples are times when you have a FF long, a gap and the gap is followed by a FF long again. this means an annotation that is short is missing. If you miss the context in FF's then you cannot build, ftt to ftt to get the points of the TF. To back up a little, I will work more carefully to assure that we have the carry over begin to take place at debriefing times which occur afterr the close and before the open. Our custom in Tucson , for quite a while was for the tradeders to be supplied with the carry over as a comment that followed my debriefings. I felt that doing the same debriefing format day aftr day could get either monotonous or boring, so I refrained from that. Once a week I tried to provide one of the following alternatives: 1. A 12 column log of the three fractal points. 2. a 3 or 4 page written narrative of the order of events and their interrelationship. 3. A 10 to 12 page attachment of the 12 column log which emphasized the forming bar mutaions and what they meant. 4. A Multicharts focused debriefing that poiintd out all the signals and the order of events of the two line analysis on three indicators which corresponded to the three nested fractals. 5. I leading indicator emphasis debriefing that showed the relationship of the "telegraphing of leading indicators. This usually included an emphasis on the YM forming bars which lead the ES forming bars. Along side any of these was a two chart, glue togehter set of charts where the scale was always consistent for glueing to prior two chart sets. These are FULLY and correctly annotated charts for the ES. I also slipped in other charts which were snagits of particularly important happenings, before signals appeared on the trading platform. (The trading platform is oriented to "tape reading" a practice that came along before mostly anything else. the drill 1. Do, at your choice, a varied debriefing from now on to begin the itertive refinement of your trading and MADA routine.
critique. It is good to notice that you can begin to annotate anytime you want. Lets say you want to trade to make money. At that point some more formal things would have to be dealt with. Take the market open. It is a good idea to do carry over. the reason is that it minimizes risk, and particularly the risk of being on the wrong side of the market. Drill 1. Do carry over on all three nested fractals as the opening bar is forming. 2. log he 12 column log by entering each step of the mutations of the first and all subsequent bars. 3. Do MADA to complete 1. and 2. As you find out the answers to the three questions, you give yourself permission to enter on the right side of the market and trade the TF. Drill. 1. Exit the market when you suspend doing 1, or 2 . or 3. above. 2. reneter the market when you catch up to the market in real time. THe trading started on top of bar 2 going short by using the info french fry (ff) worked through. ff is making money and holding as he annotates pt of ff's short hold for four bars. ff gives back some unrealized profits by pt 3 and he feels comfortable with drawing in his firat two lines of the day. He is looking for the reversal at the end of the TF he has drawn in. On the VE, ff knows an M1 and M2 are coming up. He takes the ride through both and does his reversal on the FTT of the accelerated parallelogram and is now long having locked in his for profit segment using the TF. For some reason while long and at pt 2, ff draws in a fanning of the finished RTL of the first TF of the day. Critique. For anyone who wants to use SCT to make money, it is a requirement to do what is suggested in the drills. Being very smart is a great concept and you may live in Lake Wobegone, but to be an expert trader takes having a mind set and an emotional coherence where you are several levels into being a good meditator. Being at 80 on the EMwave pc is what is on the table. Below the neck you need Awarenss, Compassion and Wisdom as the three stages of "mindfulness". For example, a lot of traders in Tucson regularly do mindfulness, do martial arts and do dance. By doing these things for years and years and years, there is an uderstanding of the state of mind that is in the space as trading is accomplished. I am suggesting that trading with awareness, compassion and wisdom can be just a consequence of doing drills in PEP and its applications. By looking at the chart, very helpfully posted by ff as he works along, we can see he is not surrounding his TF on both sides with other nested fractals. By not doing carry over he does go to a risk oriented trading space. would the FTT where the reversal was taken be better seen in a context if "acceleration had been done? Would the long trade have been seen in place of a fanning (by ff's invented rules) been omitted to forward the long second profit segment? If a person does the MADA by annotating thoroughly, he gets to be aware, compassionate and wise. The person is in charge of himself and accepting the market's "telegraphing" its signals to him. more later.....
If I post a reply, then assume that I have read everything up to this point and I will try to incorporate some details about prior items even though I haven't posted on them specifically. The ltl from bar 23 to bar 26 is not a parallel line to the rtl in effect at that time. ftt's do not occur on ltl's as you are showing. Assume it is an ftt. I am skipping carry over comments since this is just a partial day. Lets consider the TF as a thing comprised of FF's where three are used to form each. This being the case FTT's are on bar 34 end long profit segment) and 45 (end short profit segment); both would be profitable. small note: points 1 and 3 are on thr right side of FF's not the left side. (see bars 31 and 32). For the near term future you will continue this habit and you may find, during debiefing, the four errors I have called out so far. Debried daily and make notes of errors and how to not do them any more. You may wish to annotate sub FF's so you can get the FF's straight. Notice the three sub FF's from bar 41 to bar 45 so you can see that the FTT on 45 of the TF is a clean profit segment taking. The pt 3 on bottom of 48 gets fanned over to 49 on the stitch. Take next TF profits on bar 52 top where the FTT is located. Take profits on bottom of 70 and do a wash on bar 73. Notice each TF is composed of three FF's. Your posting of chart is very very forwarding for both of us. I get the chance toreinforce what I have suggested and you get a good debriefing form me that you can begin to replicate as the thread moves forward.
The thread is taking some really forwarding steps. By keeping the thorough annotating in M of MADA, we are stepping right along. I plan on providing some in depth commentary on the Depression. While I failed to get this thread in gear before the way cascading works to end the economic fractals was demonstrated, I will keep working through all of this to prepare people for what happens in a depression when most of the foxes in the various chicken coups are outed. By now I can see that some people are "getting" what support, comnfort and confidence can feel like during times of maximum trading velocities. the market always telegraphs. Now that laterals are coming into view on displays, this is the time to convey more adorit aspects of "context" to those who are becoming sensitized to what it is like to make use of the mind when the mind is free of the "monkey brain" handicaps that get in the way of those whose do not have attention spands realted to mindfulness, awareness, compasision and wisdom or being wise.
This is a daily that all financial industry participants had available BEFORE the cascading was telegraphed. we were way "away" from the LTL of the Bull retrace of the Depression we are in. Look at the chart and consider annotating it beginning on the left most bars. Just think of the left 1/2 of the chart and then day by day annotating thoroughly and just adding a day at a time. notice as well and carefully that there are relatively few yellow boxes on the chart anywhere. Notice where the lateral occurs, if you will. Print five ot 10 copies of the chart and on three charts, cut off the bars on the right side of the chart until you get focused the RTL part of the BULL retrace.