I am getting my butt handed to me on a daily basis!

I am really trying to learn from you. In the past, you indicated that this method required for you to hold through ‘a’ and ‘b’ turns and reverse on ‘c’ turns. From reviewing many of your charts, ‘a’ and ‘b’ turns correspond to EEs and thus reversals - a modification from what you’d previously indicated. The system has evolved and that’s great - I was just looking for clarification.
Also, the verbiage of a volume measurement and not and event measurement threw me. I’m clear now on how to handle those situations.

I actually do understand this process, but based on surmising that some of the EEs were handled differently than others, I asked a less than stellar question. If the EE is a failsafe or an A Band EE, that bar is used for P1. If not, the first measurable bar is used == not a WAIT bar.

If the EE was a PP1 and the subsequent bar is a sym pennant without increasing volume, is the bar just ignored? The P1 would be assigned to the next measurable bar?

I did not mean to give the impression that I was inventing. I thought I was inferring, but obviously I did so incorrectly. No inventions here. I’m just trying to take it all in.

I wish I considered myself to be a ‘peer’ with you… In an earlier post, you mentioned Meyers/Briggs. I neglected to respond with my indicator: ESTJ. I am also a female. In this seemingly male-dominated field, I’m giving it a go. Perhaps these tidbits of information will give you a little greater insight into who I am.

 

Makiing a catalog of each of the 35 EE's is a good idea. Starting with the PP's is best since they occur most often. As do the failsafe two items since they are so frequent. Print in portrait and label by date and bar. File in chron since first examples are good exmples. Tab nuances you think you see.

I use snagit on charts.

As you watch the day unfold it is good to have a 30 minute screen annotated with channels and have the volume showing the catenary described on the PVT chart.

A third effort that telescopes learning is to catalog the four types of trends:

1. c to c

2. c to a to c

3. c to a to b to c

and

4. a to (a to b) ... (a to b) to c

Also notice what times of day these frequent. Also notice how the c to c's cluster in groups of three. Also notice how c to a to c's get built after c to c clusters.

On a lot of sim trading platforms it is possible to watch BP (Buying Power). Try to let the profits take care of themselves. But do monitor your progress in being purposeful.

At first just do a trading fractal that does D to D turns (the c turns). You will get accustomed to being more relaxed. You can see your progress is closely related to channel trading correctly on a 30 minute chart.

When you move to trading all turns, you better begin to write strategies. Work hard to combine the Type trend and the type turn.

Soon, I will post a pictogram of using the DOM in conjuction with the all turns better strategy.

all turns trading brings out how the combination of facility and anticipation becomes vert rewarding.

Annotating can be done anyways at first BUT, then the process has to become effective and efficient. I recommend:

0. check new BP; Add one or more contracts. (partial fill) and adjust to the new reversal value.

1. Sliding the pre placed colored arrow into position

2. Add the rtl at its point 1

3. Add the book mark

4. Annotate the volume EE

5. Add the named turn box.

6. pull the rtl into place at point 3 on the forming bar.

7. do not scalp early profits.

8. at lock in annotate volume.

9. Use past EE as n-1 and find the n's for this profit segment by using the correct trend context.

10. Use locked in volume And ( to cut list size to three choices including a failsafe.

11. Recheck trading platform to be sure hold contract value matches the pending profit taking value.

12. strat first step of trade. spike check

13. observe "confirmation box is visible (put arrow on yes). release mouse carefully.

14. Update all columns of log.

14. Annotate, ajust rtl if necessary.

15. jot next turn in journal

16. Do O and E check.

17 Do volatility check on price vis a vis PRV value. spike check

18. Use PRV to start more logging. (extend multi row down arrows.)

19. locate eraser.

20. Anticipate.

 

I think this is proceeding in super manner.

Big plusses are that you DO use the tables.

you Do see the sequences.

you are beginning to interlock the OOE's for various things.

I am oreinting to building with you instead of going from concept to detail.

read the Behavioral Finance 5 steps in the home page topic "BF or BS". we are iteratively refining.

Get a DOM ladder if you can. Also find an OTR chart with P and V so we can gleen more about residence time on pairs of BestBids/BestAsks.

One of my best woman locals is NY lawyer turned trader. She is great on seeing geometric trend endings as FTT's on price cannels using pairs of Time Frames. The time frames are 4 and 3 in am and 3 and 2 in pm. Think of fighter pilot formations peeling off.

 

When I read your comment above last evening, I thought you were simply adding some color, for smwbbe’s benefit, about another female trader you know. (I have noticed over the years that you do add some color to your posts from time to time.)

In a probable sign that I missed something of importance, I woke up in the middle of the night thinking about that comment and those pairs of time frames. It’s interesting that the time frames shorten in the afternoon. Are those “minute” time frames, and are they on the same contract (e.g. both ES) or related contracts (e.g. ES and YM)?

-river

 

Jack, thank you for all your effort.

Regarding laterals that have a RETRO in place;

I am aware we measure volume elements. Do we draw RTL's and BM's since I am finding using RTL's/BM's we are going around in a vicious circle of EE’s ?

Thanks

 

thanks fo Q.

Many people use multiple Time Frames (TF's); three is most common.

for years the former trading room in tucson used a two minute YM and a 5 minute ES. The Ym leads the ES anyways, so why not use adjacent fractals in adjacent markets. A TF is different tnan a fractal and most TF's do show three observable fractals.

using a 4 and 3 mnute TF may not seem like much but it does differentiate. The same for the pm 3 and 2. The common thread is the 3 so the 4 becomes a 2 as you would expect.

All of this has to do with anticipation.

Once facility is achieved and a person is incentivised, then the person focuses on the leading "tells" of making money. Channels are places where the FTT "tells" can show clearly.

One of the key factors in carving turns is getting to detecting the extremes of profit segments. Adjacent TF's are just like the signals of leading indicators of price in many respects.

In trading, the open and the pm BO are entered smartly. The midday is usually devoted to record keeping to be able to handle the pm BO as well as the carryover handles bar 1.

You may not have two reversals on the pm BO as on bar 1, but it is the same less intense routine.

By using adjacent TF's it as possible to more clearly see the peeling off of market "signals".

Most multiple TF users are not fractal oriented so they use independent time frames instead of interlocking fractals.

 

Welcome to the world of considering the relationship of bar price volatility to bar price overlap.

To calm your calculating mind add the 30 min TF and use a channel approach on the 30 min TF.

Fail safe eases yo into a faster fractal relationship with the market. This means you have to "enforce" more strongly your respect for market context.

Today, I picked up my weekend writing assignments for handing out Monday pm.

as a person shifts to more events per day, he move to a faster fractal emphasis. This means more money is made and made faster (money velocity increases).

Often traders whose facility is lower than achievable get to experience the bar volatility challenge. This is caused by a relative weakness in the person's inference. demands are being made of stuff not honed in the past. A few nights sleep corrects this.

I agree "vicious" is a word that could come from established inference. So soon "vicious" will be surrounded by words that form a pseudo tumor that isolates viciousness once and for all.

Take another look at the channel chart that prepped to make a targeted one point from a "confirmed entry." The trader left all those rtl/BM reversals inert and unseen. You are not however, since the rtl/bm world is offering a vicious looking opportunity to take points by the minute (see bar volatility beckoning to you).

 

Going to unknown territory... DOM... OTR... T&S... is this arrangement correct/ideal?

 

Hi Jack
my attached EVERY BAR DEGAP chart for today shows four laterals.
according to your rule on laterals, would you help clarify when exactly they would be killed? I show where i think they are killed.

the one marked with the arrows could either be one big lat (ending on my bar 56) or a smaller lat ending on bar 43.....which is it?

thanks