Using CP1, I have reworked today's chart as best as I could. I realize there is alot of mistakes on the FF . I circled 2 areas where I suspect there are fractal jumpings as I can't complete the FF 4 vol moves for 1 TF PV pattern completely. Another question is TF2, which I had annotated to start pt 1 as the last pt 2 which violates CP4. Perhaps there is no TF2 long but just a fanned TF1 short ? When I reworked the chart, I find that it is easier to see the FF and ve's of the FF . This leads to the M1 M2 of my TF3 (which might not be there but just part of TF1). M1 and M2 doesn't feel right. I made alot of mistakes and I believe the chart still is not up to mark but today I feel it is clearer once I sorted out the FF from the TF and suddenly I can even draw the SF (pink and blue) ... it might not be correct but I say a small hooray to myself at least I can see 3 fractals enveloping.
Thanks Nkhoi, My chart is compressed that 1 tic is not visible to the eye. Nevertheless, would one tick still equate to a HH ?
This is just a brief critique of your chart's annotations. Ir may be a good Idea for you to annotate how you get from an initial FTT to a final new FTT all on the TF fractals. I did that in pink for you on the left side of the chart. The Short TF ends on the new FTT and its boundaries are strickly the dashed orange convention you are using which emeged from the unannotated prior parallelogram you omitted annotating on the SHORT TF. The symptome that emerge from these types of ommissions are that you cannot complete a chart and you cannot get the SF surrounding the TF's fleshed out. The consequence of not having SF's is trading difficulties caused by not being able to advance trading skills. See the second post of redneck and then years later (last week) he acknowledges the parallel path you and he have with resepect to not being able to use nested fractals in a meaninful manner.. Thus you see not being able to use signals from nested patterns is a major trading skill handicap). At bar 50 you have three FTT's so you can begin to annotate the SF. I show it in heavy green solid and it goes so far as an initial annotation. I have not extended it as yet because I want to keep the future being shown free of clutter. I used vertical thin pink lines to delineate the next zones of concern and I put in two ellipses to focus on some places to critique. All of these zones and regions have aspects that stem from the consideration of bars 55 and 56. The consideration takes place as you do MADA and from the mind comes the inference resource needed to match the series of logged rows that center on the formation and completion of bar 55 and the formation of bar 56. So far you have a recource that is a set of rules you turn to and which you created by a reasoning process. Mny others I know have done drills and forgone the rules building reasoning process. As your log shows bar 55 has a red part followed by a black part. The division of volume is clear. you YM column gave you the sub FF info as well and pattern completion occurred there too. This comes from your perception and the routine you are doing. Your perception comes from inference and NOT from a rule appearing for you to use. Perception appears as a consequence of a mental summing of two inputs that arrive at where perception is done in the mind. Your eyes provide one input and your inference provides the other input. The consequent perception is taken to Analysis so you can retrieve the element of the Analysis finite set that is taken to D then A and closure for the MADA cycle is reached. Today the market moved down then up yielding a total sum of movements around 350 YM points (all around the 10K value). Bars 55 and 56 represent a zone that is important for dealing with the end of one leg and the beginning of another. In effect to pull the 230 points or use the movement as a leading indicator, of trading ES, you nned to have the mind at ready to do it. You have about 25 to 30 places in your mind where conflicy in your rule sub sets occurs. today I am dealing with one sub set of your rules and I am suggesting to drop the rules (you can't, actually) and turn to developing your sparcely populated inference zones in front of those rule subset zones. What I am describing is a growth path that is available to you. Bar 55 and 56 relate by their respective close and open. Geometrically the FF (rtl, P) is crossed (occurs) in 10 to 12 panes. This is inference i action and NOT rule application. I can state that this set of moments has been the subject of discussion for years and years and it gets on the table as a consequence of ATS production and the discussion involves the order of events. Mental differentiation is where the unconscious competence of handling order of events comes from. you know you cannot assign an ftt to a point on an ltl. and you simply do it over and over. This comes from using a rule as a substitute for thinking about the order of events unfolding. I put in the annotation for you in pink after erasing your annotation. The FTT of the slow fractal has been reached. All faster fractals also had their respective pattern endings. To make the 350 points of the two moves today required that the turn be carved as a trader while doing the MADA routine. Annotating V and p is part of M of MADA. Making money comes from the behavioral Action of A of MADA. Differentiation is the mind's mechanism that lets you know that you know with certainty that came from the sufficiency of your MADA tasks you do and, specifically, the results of the tasks. MDA tasks are done corrcetly as a consequence of the learning process and, there in that process, they become unconsciously competent. If you are conscious of ending a SF and all its faster component nested fractal patterns, you are locking in a chunk of profits and being prepared for the NEW context your three nested fractals are undergoing. Hence the last ellipse in green. you are conscious of a TEST of the context on the SF level. This may be new to you since you do not annotate on three levels of nested fractals as yet. as you do the work of the MADA routine, it "builds" from the granulaity on up. 10 the 12 panes are always revealing this to you as leading indicators of the TF. See you log commentary that is a manifestation of inference. By bar 57 your annotation had fallen apart. What is in your space almost totally is dealing with one or more of the 25 to 30 of your personal rule subsets where you have rule conflicts as a consequence of your work on acquiring for yourself a substitute for inference in the form of rules. Drill 1. From now on put a thin pink line on your v and p panes where you begin a new TF. Suppot this new zone with FF's and extentions of the existing SF boundaries which are being tested. 2. Always have a green bookmark in place ad understand its specific bookmarking responsibility. At this point we are over half way through one day.
Getting more into annotating the sub FF gaussians provided a better understanding of the FF moves and helped to improve the FF annotations and subsequently the TF. Sometimes it gets too crowded at that sub level to be able to see clearly and make mistakes again. Logging properly might be the way to provide clarity . I had to use a lower time frame to see the price moves to better correlate. I noted after two TF drawn, an SF emerged.
Hi Jack, This is regarding PVT trading and practising annotation on daily stock charts as you suggested to me. Sorry to others if it is OT. How do you cull quality stocks and narrow them down to a short hotlist in global markets where no providers give EPS and RS ranking? I assume you have not dropped them yet. What criterion you would recommend? I believe that it is beneficial to manually annotate five cycles with >20% returns within the last six months for each stock in the hotlist and then rank them by % change in money velocity per day. For global markets, the one-pager unusual volume correlation table is not relevant. Would you suggest one should follow your classic way to purchase a stock in the hotlist when its DU volume is reached in the first two hours and exit when estimated peak volume is hit? Also, how would you use trailing stop for people who prefer to monitor on EOD basis? Thanks in advance.
Subject, of course, to the learning process being correct. If it is incorrect then no amount of effort will achieve unconscious competence. Errors will continue to be reinforced.