Here is an open rendition for today (30SEP13) where the failsafe is superimposed. by adding the fail safe the trader is kept out of trouble. More reversals are involved as it turns out. Please notice that more than one EE is possibloe on a turn. Use all combo's on the Modrian table to find a possible c turn. I made the c turn boxes with medium borders.
I've read about the different turns (a, b and c) and the different Trend Types on the Modrian Table (A, B, C and D), but they aren't clicking in my brain. Why was it a c turn on bar 76 on the 27th? Is it considered to be a c turn if you have the n-1 and n pair on the Modrian Table? Do all PPx EEs create an automatic reversal? I wish I could make the connection between the lack of c turn (after being able to identify a c turn) to the trend type (in this case, D). I believe I'm reading my way down the Modrian Table in the Dark Blue portion and see that the first two n-1 EEs are PP1 and PP2. I believe you're saying that because the n-1 EE isn't there, the trend will continue. HOLD. Also, your chart indicates no accel even though there are 3 P1s in a row. I have to admit that I would have assigned it incorrectly. (assuming that the 3 in a row trumped the Add'l Req section) Ab is an n-1 EE for the Dark Blue Panel. I'm not quite sure why it's pay dirt though. Thank you for walking through each of those bars. If you could provide additional context for making some of the connections that seem so natural to you (turns, Trend Type, etc), that would help tremendously.
I'm still not understanding this c turn. With volume testing, you had the following (if I'm reading the chart annotations correctly): 70 -- P1 71 -- WAIT 72 -- T1 73 -- T1 74 -- P2 75 -- WAIT The RTL goes from the bottom of 70 to the bottom of 71. 72 intersects it, but the close is above it. Bar 76 definitely crosses it and the chart notation is BO, T1 on one chart you uploaded earlier and a BM REV on a the chart where you added the failsafe. From other things you've written, I was under the impression that once there was a P2, there could no longer be a T1 unless another P1 came along. The BM REV makes more sense, but I'm trying to understand which annotation is correct. Also, if a BookMark and/or RTL are violated and the EE is a BM REV or BO,T1, is that automatically considered a c turn?
Today had a big payoff. As you see tiddlywinks is contributing 4 days profit per year, what will you be doing? By tomorrow you will have the system down. after that you gain facility. Having facility allows you to pend time thinking ahea to anticipate. being able to know ahead of time allows the carving of turns. I use 10 to 12 indicators for this. By now you are aware of the n-1 to n. there is also an required n+1 duty. Let me intoduce you to the WALLS of the DOM. Just look at the DOM and you will see smart mopney screwing up not understanding FIFO. This is a first deivative measure. Too many orders for the system leaves the last guys hanging in the wind. we use market orders at the wall and fast track getting partial fills. the premium is set daily. If the price is on one side then a squeeze is happening. If the price is on the other side them a stech is happening. A simple bar chart shows either one in color. Smart money causes str and squ. The money is bigger than the money velocity so a distortion occurs relative to premium. We see the first derivative of this upcoming distortion. It is fun to see the big boys screwing up the market for our gain. In two line M and A, thee are only six cases. Elsewher a person is using this to trade stocks PVT trading. He posts charts that show the leading signals of price in PVT. As you will see he is using the post PC settings for the original defaults which no longer work. If you have stuff saved fronm the early days of Wikipedia, you can see the basis of resetting the two line indicator defaults. Today Wikpedia is all screwed up by CW thinking. We will need to bear down on eeking the ticks out on turns. That is four days from now. You will have doubled your money before then.
I think I may understand the BO, T1 but please confirm my understanding or correct me. Even if you've gotten to a P2, a T1 occurred prior to that (OOE) so it's "in force"? If the RTL is broken out of at all (close inside or outside, inc or dec vol), that's the signal to reverse OR does it have to close outside the RTL? Per previous instructions: A BookMark is placed when an EE has occurred. It is at the end of the bar that price is going away from. If you have an EE that is turning from "long" to "short", put the BM at the high of the bar. On the other hand, if you are at an EE that is going from "short" to "long", put the BM at the bottom of the bar. So, if your BM is compromised by even one tick, the REV portion goes into play, correct?
jack hershey, I have quiet a LOT of time on my hands during trading days. And I would like to have a deep look at your method of trading. Where should one start? Thanks.