JH I have basically finished reading this thread and your approach. - I understand and know of the price cases. and will be posting 50 of these first, just for price cases first. Before adding steps. May I ask whether or not you have advanced mathematical training at an academical level ? Or your training was more applied math oriented with a strong database management component? It looks like you have like the way to build a solver, but you are not putting in here the "theory" behind it.
my view is that those trying to play within the lat`s boundaries are taking an exceptional risk. can we conclude the lat`s purpose as an antecedent to the momentum?.i made this assumption by reading your quote about the longest laterals ever.it may mean you kinda stumbled there.came up with zilch,was too wide? thank you
As you recommended about a month ago, I added a 30 min ES chart to the 5 min ES and 2 min YM. I see now that my âanticipationâ at dayâs end of what to expect the next morning was rather myopic without the longer TF chart. Previous to adding the 30 min, a day like yesterday (extended lateral movement, for hours, into the close of the day) would often leave me bewildered as to what to expect. With the 30 min, the âanticipationâ picture for this morningâs open was much clearer. Jack, would you consider composing a missive on the nuances of the 30 minute chart as you mentioned in the quotation? (You know, one of those posts that some of us would describe as detailed, thoughtful, and thought provoking and that Covel might characterize as âyour craziest stuffâ.) -river
I will be glad to. I guess I could also do the carryover daily for a while. Carryover is formatted: Sentiment: Long (30 minute) Trend type: D (this is a specific column on the Modrian Table that will be referred to as the next turn comes up) Prior turn: (Automatic b) b ND to D Turn itself was a BO T1 Volume sequence: P1, P1 (for a future PP1 the third P1 minimum value for acceleration is 21,644.) Entry @ bar 1: Short. The above five topics constitute the carry over from the close today to bar 1 of the open. As the open approaches @ 9:30 NYC time, the DOM is read. I take advantage of the most favorable price just before or right at the open. I get numerous partial fills and they ripple down through the MAT accounts. From profits yesterday I added 7 contracts collectively to the MAT accounts. We are in the market and degapping ensues. Review the attached 5 and 30 min charts. There you see our prep for the degapping. The degap lines (vertical pink is attached to the closes.) Before open the potential open showing on the DOM will be used to stretch or shrink the pink line. It is set according to the 30 minute sentiment (long for the sentiment "call" listed in the carryover.) The trading room "anticipates". Bar 1 can have a lock in on price, then volume, then an EE. This means a turn could happen at look-in and it would be carved using all leading tools. The presence of a turn is handled to make money. following the profit taking lofgging and annotating are done. The trl, BM and arrow come immediately so a referential shape is present. As the modrian table can be onsidered at any time, now this evening it can be reviewed to see that a PP1, PP4 and a BM rev are the three most likely to anticipate to yiled a "c turn", if not those, then an a turn could come up for any other EE. the 30 min chart has loads of info as well. The last six bars provide a context; the events were. 1. Ftt on bar 54. 2. VE on bar 66. 3 Sub FTT on 72 4 Sub shortbars 72 and 78. 5 BO of rtl on last bar, long sub forms. 6. Three moves on the long sentiment so far. 7. Bar 1 (first 6 5-min bars) will gain in lower end then in upper end as time passes. 8, Initially an internal will start the day. Fanning is done on internals that straddle rtl's. Bar 72 and the last bar have formed a relative X B on the last bar.
I'm making this post in this thread since Jack Hershey is involved... Jack is (unknowingly) responsible for pointing me to hold/reverse trading. After incorporating specific aspects only of JH methods within MY manual system, since November 1st, I've been trading Russell2k single contract, hold/reverse. Anyway, yesterday, 11/11/13 was my worst showing since using hold/reverse over the last 8 trading days. Today, back on track! $870. Most importantly, today 11/12/13 was the 4th of 5 donation trading days for the year. All proceeds from the days trading (or $1000, whichever is greater) go to a local charity of my choice. Total going to local charity from today's trading is over $2100 which includes my automated entry/exit automated system for YM and NQ. The automated system trades multiple contracts. Understand why I'm excited about hold/reverse?? I post this as THANK YOU to Jack. Tiddlywinks [Lurker with a brain] PS. For the curious, my charity is http://www.theshadetree.org/. The 5th and final donation day of 2013 will be donated to the same.
Thank you for sharing the carryover for tomorrow morning as well as the detail on today's 30 min chart. Your choice of wording about the unfolding of the first 30 min bar tomorrow is unclear to me, could you explain your comment about point 7? Are there nuances, in general, about the 30 min chart that you can share? (I notice the first bar is quite often an OB. I also notice when the typical catenary volume is disrupted with more high volume bars than usual there is more profit opportunity and more low volume bars result in less opportunity.) -river
This attachment will begin to help you. The open tomorrow is short (non dominant in a long trend AFTER the FTT of the trend. Clean page 4 applies on this odd move 7. Bar 81 was a PP2 so the new trend P1 is yet to be assigned. On the 30 minute I show 7 moves in a long trend (thick Black lines) channel. as you see an internal caused fanning of the RTL. When trading it is IMPORTANT to have the context. you asked about 7. form yesterday. You saw Bar 1 open and FAIL to go short after the short entry I took. You also see an immediate BOOKMARK reversal long. I suggested this PP1 and the BM rev is there also. The rtl on the long was fanned with each internal (yellow boxes for me). See next attachment; this one features the 30 channels
here is the whole day annotated. the open shows the call from yesterday and the close shows the basis of my call for the open tomorrow. notice the bar 81 close is near the bottom and this time the bookmark is at the top. for those building a clooection of examples there are four or five good ones on this chart. (All the B band turns in one day.) for those examining laterals and their volatility and the turn BM spacing, you have several good clips to collect.