Spyder, your charts from last year I believe showed FTT's, but I don't think I've seen them as much or at all in some cases this year. (My guess on this one is you can tell by where the new traverses and channel's point 1's are as they overlap with FTT's). On a similar note, I don't see Flaws annotated on your charts recently. (My guess here is this is more relevant for advanced /non-forest students, or bar-to-bar monitoring). I was wondering on the significance (if any) of these changes, and your recommendations in this area for the Annotation / M stage (again specifically for beginner/forest-level students).
One thing I did not mention, I am looking for feedback from anyone except Spyder. I know Spyder has the answer, just curious as to what others think.
IMHO; since the thread started the sequencing concept the flaws take care of themselves and the ftt's still exist but the focus in those areas are Signals For Change. friday, my view fwiw: http://charts.dacharts.com/2008-11-08/friday 11-7.png
You caught me. Over the last few months I have (without announcement or fanfare) attempted to shift the paradigm from vocabulary based (FTT, FBO, Hitch, Dip, Stall) to sequence based (Dominant - Non-Dominant - Dominant. Understand, this paradigm shift contains the same information as before, but instead of focusing on vocabulary words (which include a wide variety of change signals and / or definitions) and taking actions based on the definitions of those vocabulary words, I have attempted to encourage, prod, cajole, push, and even shove people toward that which (most) everyone currently finds difficult to grasp. In this fashion, a trader can then learn to know when to anticipate the arrival of change, note its actual arrival, and understand when the next 'thing begins' - all prior to 'seeing' an FTT has developed. Again, these vocabulary words simply indicate the sequences have yet to reach their completion. In other words, it matters not what we call something on the way to the point in time when one should anticipate change because until the point in time arrives, the trader has no reason to expect a signal for change to develop. Fortunately, the market always cooperates, and follows the same set of rules. As a result, it isn't super important for you to know a 'stall' has just formed. Instead, it becomes of critical importance to know the sequences have yet to reach completion. As a result, such knowledge let's the trader know that (whatever it is he / she sees) they do not see a signal for change. Imagine yourself driving down the expressway toward a destination a great distance from your home. You know the route, as you've made the long drive many times in the past. Along the way, you pass numerous large green signs with numbers and words detailing the names of the towns you pass along the way. Note how you pay little attention to these signs during your trip - barely noting their existance throughout the long drive. However, as you 'sense' a certain amount of time has passed on your trip, you insinctively begin to note with increased regularity the exit numbers and the names of the towns on each of the signs you pass - calculating how far to the actual exit you need to end your time on the expressway. Once you arrive at the exit, you know to end this portion of your journey, and begin another portion. Throughout the trip, the large green signs along the route had the exact same dimensions, the exact same colors, but they did not provide a signal for you to exit, until you reached the point in time where your journey on the expressway needed to end. As such, you ignored these signs right up until the exit you needed, but monitored them closely as you neared your off ramp in an effort to make sure, you didn't 'miss your turn.' The same holds true for markets. Once you know the 'route' the rest is easy. Fortunately, the 'route' everyone needs to take proceeeds right through the Monitoring portion of the M-A-D-A Process. After one masters the 'M' phase, everything else falls quickly into place. The significance is you've been learning how to SCT the markets. As I have often said, "SCT represents a consequence of the learning process." Focus on the sequences which occur in every Traverse. Learn to spot them well in advance of their completion, and note what changes occur at the ends of these sequences. In rapid fashion, you'll be able to 'see' the journey in the same manner as driving a car. You won't need to look for the road signs (signals for change) until you arrive at your exit (sequences complete). HTH. - Spydertrader
I am sure I do not fully understand the question here so my answer that this area builds a Non Dominant traverse is most likely inadequate for the information you seek.
....been searching through old posts.... ....trying to find an explanation of "MADA" ....could someone anyone direct me to the starting point for "mada" ....where the posts begin ...thank you much