Oh look, do you see who has dropped in JH, I now see why many don't like you, for, you are like that little froggy fellow on the motorbike, you know, the one with his little thingy hanging down as he drives along..ding ding..the most annoying little thing in the world
Why use such terminology, or is it an attempt to impress and sound clever by throwing a few words of jargon? If you mean faster time frame then why don't you say that. If you believe that stock charts are fractal then would let us know what the fractal dimension of any particular stock chart is. To me any trader who uses terms like fractals, fib levels, gann fans, golden ratio, harmonic ratios has the same zero credibility as astrology, religion, dowsing, creationism, homeopothy, scientology, prophecies of Nostrodamus.
Nature holds beauty in symetry. The markets hold a symetrical value, that's what makes them beautiful. Of course, it's all in the eye of the beholder.
Most traders use a trading jargon. You use "time frame" because of your orientation to using a given platform which probably asks you to click on specific terms in a list. For you they have specific dimensions. I am simply introducing you to how patterns relate to each other in a nested way. Patterns are not rigid or have fixed in time frames because of their p, v nature which does not have a time variable in that nature. For stock trading it is common to use daily, 30 min and 5 min time frames to being out the timing of position trading stocks. Position trading is a term used to describe periods longer than intraday trading. In position trading the most common failing of traders is bridging trades. Bridging is probalby jargon to you. This of a boat too long to ride waves since the waves are shorter in their period than the length of the boat. For most stocks the "long" half cycle is 2 to 8 days. It is the move from trough to peak of the wave. The Universe posted shows the Date column as the starting day of each next long half cycle. How long it lasts id shown in days. The percent change per day is shown as RANK. The most astute traders do 100 cycles a year and make half of the 20% moves on each cycle. Having a Universe that gives you all this timing information in advance makes it easy to have the correct monitoring tiles on the screen A person usually uses a 30 minute chart to show the pattern ending (R2R 2B 2R) which signals his "unusual Volume" based entry on a Qcharts or similar list. Then he holds for the B2B 2R 2B pattrn length and exits on 2B using the 5 minute time fram for precision. In a matter of calendar days a person can go through an order of magnitude change in their capital quite easily. It would be 7 or 8 cycles which could range from 16 to 50 days ordinarily. I hopw this post is more atuned to the jargon you use which is the CW type jargon found on most platforms. There is a glossary for trading the non CW PEP paradigm and its Applications: PVT, SCT and SSR. FOR CW oriented bettors and risk takers these things are definitely out of the box since they are based on deductive reasoning instead of the induction of CW.
Hi Jack. I have looked at the Universe spreadsheet that you posted recently. The first symbol in the spreadsheet is ABC with Rank 0.97, Duration 7, and Frequency 15. Am I correct to say that the average "long" half-cycle of ABC is 6.79% (= 0.97 x 7%)? If I understand correctly, one of the key criterion of candidates to be in a PVT universe is to have at least 20% moves of "long" half-cycle in the past. What is frequency? TIA
Rank means the % per day during the "long" half cycle hold. Duration is the length of he dold in days. Frequency is the number of days between each first day of a hold. All stocks come from sorts using a quality Assurance criteria. I it found in the PVT journal that as conducted a few years back. In that journal over a year's trades were coalled in advance including entries and exits. the criteria includes filling in the Inial analysis sheet (most people now use the Excel version. A lot of the columns are determined by doing and periodically updating the IAS. The rank, duration and frequency and last first date come from the IAS. So does the Trade date labelled DATE. This is the date the next trade begins. Most people fill in their weekly plans on Sunday; it is called a batting order and contains the "owned" stocks and their exit dates for each capital stream Next stock to be entred is listed second in the batting order. The period of ownship is also noted. A third stock is also listed in a similar way. Most people begin with four streams of capital and gradually work up to 12 streams each which has an upper limit of 100,000 shares. Years ago, there was a third party review of one such trade. 31 partial fills were equired for the exit since the trading blocks on the T&S were about 3,000 shars max. The net per share was 17 points after a person reaches the limit of 12 streams @ 100K shares he sweeps profits into th Sector Stock Rotation application of the Pool Extraction Paradigm. Usually capital for PVT trading I built with cycle provifts and sweeping SCT profits, weekly, into the PVT streams. I traded more than 12 streams when I traded accounts on a POA arrangament that did not exceed the NFA section 206 requirements. All trading uses the B2B 2R 2B pattern for long trading. For SCT trading both the long and short patterns are used. To trade stocks and see the pattern a daily is used for the IAS, a 30 minute is used to monitor the end of the R2R 2B 2R which precedes the B2B 2R 2B entry, hold and exit. For carving the entries and exits in collaboration with the "unusual volume leading indicator chart, the 5 mon time frame is used to carve the entires and exits on a partial fill basis once holds exceed the normal T&S block limitis. I Tucson at any given time we have noobies being taught by recent learners and recent learners teaming with longer more experienced traders. There are offices and there are web real time conferencing going on for various purposes. Most experienced traders are also running and/or supporting 501 (c) (3)'s. There are also regular meetings. As you saw stonedtrader could not read the Excel sheet for various reasons of his choosing. It was very humorous to me to read his mistaken commentary. PVT's related Sharpe Ratio of over 60 is not something most CW oriented traders can appreciate; they usually announce their reasons for their comprehension failures in this arena as well. How a Unverse provides a continuing reliable and repeating stream of trading opportunities is way beyond the realm of CW oriented understanding.
Which is easier to SEE, the beauty in the pictures below, or, the value in JH's rankings Trade what you SEE, and you will become a better trader than most will ever dream of! Worship fools, and, you will get exactly what YOU deserve. Always remind yourself that 99.99% of it is bullshit, and, as such, does not matter one little bit. "A wise man learns from the mistakes of OTHERS" TE
Here is the pattern shown in terms of a stock cycle, the short pattern, and the long pattern. The peaks and troughs of the volume lead the moves of the price. If you Use the Excel and sort by date and then rank, for any day coming up you can check each stock to watch it end its short cycle. You see the R2R 2B 2R on a 30 minute chart over a few days. As the 2R comes to an end you are getting ready to buy and take the long pattern B2B 2R 2B. The 2R ends with a peak nd then the B@B begins by going down to the trough at the rtle of the chort channel. As the price reaches the RTL on the DU volume of the "unusual Volume" one pager, you are ready for the "First Rising Volume" of the trough to peak pattern movement. You can follow this on a Qchart list sorted by "unusual volume. Read the "Butting the Pieces Together" to see the 31 illustrations snagged over the Monday after the Batting Order was set up on a Sunday. This document is a slow motion set of snapshots of how the B2B 2R 2B pattern fits into a long pt 1, 2, 3, channel for position trading any stock. As you read you see owned stocks are sold at their peaks and new stocksar boutght at their lows. Most traders work up to 100 trades a year @ 10% or more average. Then they turn to using the patterns on the ES and YM where they make up to 40 trade segments a day getting 3 to 6 times the ATR. As you read TE post you see his misses the pattern entirely and he only "catches" the word rank. A long pattern is B2B 2R 2B a short pattern is R2R 2B 2R. Each has three price moves and four volume moves. By understanding the patterns are in parallelograms and parallelograms over lap, a person can begin the See the markets. They also see that the fractals of the markets have nested fractals all of which contain the pattern. Patterns of faster fractals form patterns of slower fractals. Obviously stocks are used to form indexes and indexes have futures indixes. The fractals can get fairly fast when trading the futures indexes which have, among themselves ;ead/leag characteristics all according to their component pompsitions. Thus the YM leads the ES, etc.... It is always fun to se inpublications, the pattern presented although the illustrators do not know what they are presenting. Just think how fixing the oil spill was only a pressure problem and it was solved in days just using a container that had no pressure aspect that wasn't dealt with. Installing a tube composed of strong reinforced fabric is no trick at all..... AND it makes money from the get go and cleanups the couast of four or more states in no time flat.......