Currently compiling litterature for DOM, OTR charts, T&S, YM2min etc. Here is about YM The idea behind the YM leading the ES has less to do with timeframes, and more to do with 'smart money' involvement in the marketplace. Equating the ES two minute to the YM two minute isn't quite like comparing apples and oranges. It's more like comparing Red Delicious and Golden Delicious Apples. While both make for a great snack, you'd only want to 'bake' with one. Using the other makes for a really crappy pie. In short, if I am going to go through the trouble to bake a pie, I'd like to make sure it doesn't end up tasting like crap. As such, using the 2 minute YM as a leading indicator of ES Price insures one uses the best 'ingredients' available. A fundamental paradigm shift is required in order for the learning trader to understand what the methodology is all about. The system does not provide entry and exit signals. Rather, the methodology allows the trader to differentiate between continuation and change. In other words, this isn't a traffic light with green for go and red for stop. It's driving on an expressway through Texas at night with nothing on the road for miles and miles (continuation) when suddenly a coyote runs onto the road (change). You don't stop your car and wait for the coyote to pass. You switch lanes or risk running into the animal and smashing your car. Now, no instrument on your dash board told you when to expect the coyote, but when you saw it appear on the asphalt, you knew exactly what to do - alter your direction. Toss into the analogy one of those road signs which say "Coyote Crossing Next 4 Miles" (context) and suddenly, you begin to anticipate the arrival of the animal. By anticipating a coyote (FTT) crossing the road on this specific stretch of roadway (peak volume at a Gaussian) you have the ability to react quicker. Add some of those extremely luminescent head lights (The YM) and you can see the coyote (FTT) even sooner. My question is do you use YM only as a leading indicator in spotting FTTs in ES ? No. The YM represents a leading indicator of 'change' for the ES Price. Later in the Journal we will discuss using the YM where there is no FTT on the ES - only a Left to Right Traverse. At that time, we will focus on Flaws as a signal of change as well. Because we say, "The YM leads the ES." we know that a 'change' signal appearing on the YM foreshadows that same 'change' signal on the ES. If you look at this same time period on the 2 min ES, it appears as though price is sitting in a lateral channel for three bars. When you say, you see no difference in using the 2 min YM or the 2 min
From here you can create a tri-pane chartview and chart the 30m as well. The 2m YM is the other panel. By having them in tri-pane you are just a click away from drilling up or down from coarse to finer detail. It's a good time to open a brokerage account. You won't be trading right away but there is another platform to learn as well as subscribe to real time data. You get one free feed and then $25/mth data non-pro through Tradingview as Charting and Tradovate as brokerage. The desktop to set up as so: left monitor - Tradingview tri-pane chart, two browser tabs - 1m,1w,1d - 30m,5m,2m. Only one of the six charts is maximized taking full screen - generally the 5m ES. right monitor - Tradovate Trading Platform, tri-pane; left pane-OTR 5m ES, OTR 2m YM charts atop of each other. center pane - DOM ladder. right pane-T&S screens 1 1 fitered on 100 the other is all. This is where the observation of the DOM ladder, the OTR charts and the T&S screen are all finer and detailed views of the HRE. That's my current work area + the basics around what I am gonna trade. From my recent understandings about YM 2min, and by merging this comprehension with the italic statement above, I DD that this YM that leads the ES, like the OTR charts (I ignore for now what that is), the T&S (Times & Sales, surely) and the DOM ladder are the additional tools that will lead me from coarse to finer view, in other words, from - 99% of time I ID quicky and correctly the PC, the Volume element, the End Effect, the turn and if there is a MR...but I notice something is missing for all this to be highly efficiently usable to - all different trading actions are handled and used at right time = I am every time on the right side of the market = I tend to take the full offer of the market each and every day = the quest is over, the goal has been reached and let's now reap the rewards at ALL levels. Hope you guys are experiencing nice extractions. Can't wait to join the move.
More support for where you are now - dig up the threads; Intuition Amplifiers 2 Exact Science Standard protocol to increase signal-to-noise by editing to relevant posts, print outs, binder and active note taking. Copy the Dominant Segment Cycle 1 flowchart by hand.
For now I see several places where those threads are mentioned but I can't find them. I am searching. I don't understate why I can't find them easily.
I've just finished this thread. I starting this morning when I saw your post. I essentially focused on JH's writtings and his answers and questions asked to him. Maybe this is not a good idea. But I don't think so. I'll have now to reread what I've already read and compile all the most relevant of his posts, but for now I've not felt any Aha. Beginning the Exact Science thread right away in the same vein.
NB : it's amazing from my POV to see, feel, understand and be familiar with JH substance. It leads me from more confirmations to more confirmations. It lets me notice I've progressed hugely. It's a great feeling although no Aha has been encountered yet. AND I know many Aha's come from rerere(*10000)read material one already went through so wait and see. Let's just be a bit patient again. After so much time spent, what is ( now let's change the sentence) a bit more of a BIT of time
I think distilling the threads to Jack only posts and adding to the ‘ignore’ list accelerates assimilation. He always included the OP that he was responding to. The only issue is when someone on the ‘ignore’ list starts a thread that contains some of Jack’s replies. These threads will not show up in search. There are just a couple of threads like this.