I made two passes on that postion of the chart. When you reread them you will notice some of the issues you raise. For the remaining issues you reveal to all, the best approach is to look at my charts and logs as they are posted and take note of new items that come up. Right now I am packaging all my posts in this thread (the ones that have the answer sheets associated with them). If you happened to have printed and punched there into a 3 ring binder, do the following: !. put a note on the verso prior to the failsafe sheet. It would read: if both BM and RTL are in force, then both must be true (On Modrian panel) for appropriate set. Example: see 1JUL13, bar 80. Also write a note to say: If either BM or rtl are in force, then consider true in force and act accordingly. Next, add two balnk pages before the Modrian Table. Copy the above two notes to the second blank page verso. Since you are assimilating all of this, let me finish the open on 2JUL13 with all the details of how the BM and rtl affect the long sentiment starting on bar 2. And the rtl and BM on the short beginning on bar 4. I also corrected my mistake on bar 5 which IS a WAIT bar. The long is uneventful and two tests had to be passed (rtl and BM). The short had only a BM and no rtl. So only the BM could be tested, Any rtl needs a T1 and not a P2 to be tested. bar 5 touches the BM. Bars 6 and 7 do go through the BM but they retrace back into the short territory so there is no test on any of these bars. Bar 7 has established that the short is in effect in terms of CW thinking. the yellow beyond bar 7 on bar 8 shows an internal is setting up a wait on bar 8. thus this is a weak sentiment building. as you can see from my mistake, I am very habitul about using the P1 to T1 to P2 OOE. It occurs often and is very relaxing as a market expression. Three bars happen and the trend is just rucking along making money. But in this case, I was too sure and a little careless. So I got to have a learning experience. I will address the queasiness potential traders face next.
In leaning to trade, it is good to keep in mind that the money takes care of itself. The purpose of trading is to make money. What is spent to make money? The highest principle in extracting capital is to spend time as wisely as possible. In AZ there is a lottery. To win, we are told every day, you have to play. The wiseest use of time is putting capital to work and always spending the time to know you know at all times. Watching an automated spread sheet fill in will be shown as Atticus builds the several spread sheets of the PEP and its three appplications. BUT filling in a spread sheet manually does not match the use of time to annotate and to log. In the 20 days, I have not gotten this wise use of time across as yet. My compliments to you for helping by providing the five page log. thank you. Learning happens by spending time doing drills. The two ongoing drills are logging and annotating. The carryover drill is being activated. So is the Left Window drill. Its Sunday. We have a chart that is sufficient to setup the carryover. This is ET. If 10 logs and ten annotated charts for the Left Window of the prior and Present trends are posted then a group resolution can occur on the status and context of the markets. Ammo can post the catenaries of the last 20 days so we can better see this Depression unfolding on the Intermediate Term (IT). Weeklies show quite well the slowest fractal of the Depression as a Long Term (LT) function.
Continuing onto the next EE for this trend segment (short from bar 4), we have BM REV on bar 11 as EE. Please see the attached shot. Is that correct? Thanks
Hi TF, What is your defenition of the BM(bookmark)?Why did you place it the way you placed it after P3P? Thx
From what I understand, bookmark is safeguard mechanism to check if a trend segment has ended if we don't see any other EE (End Effect). The BM on the low of P3P bar was drawn according to jack's annotation.