Given that the market is fractal, one could during fast paced market periods go to that timescale. But the IF1/IF2 is still applied on the 5m. Sometimes going to a faster fractal is more informative and other times it's more informative to encapsulate that intra-bar movement and just focus on the cardinal points of OHLCV on the 5m. Much like the ES today after the news, the volatility exploded compared to the early morning session. The DOM showed limit levels of only 1-2 digits compared to the normal 3 and the intra-bar change spread over many points which retraced and retraced constantly. Since the YM 2m was retracing itself, by going to the 1m it shifted the sentiment context from a vertical one to a horizontal one. Back to IF1/IF2, in a long intrabar context with no position: Bar.0 is an XB with close near it's high. As C.0 < C.1 then IF1 is active As C.0 > C.1 then IF1 is deactive As C.0 < L.1 then IF2 is active As C.0 > L.1 then IF2 is deactive IF1/IF2 with APA This applies the concept of the above with the addition of your entry which contextualizes how the above concept is applied. As C.0 > H.1 then enter. As C.0 < Entry then reverse short, most likely C.0 < C.1 As C.0 < L.1 stay short if price reverses again against you from your reversal, then As C.0 > C.1 then IF1 is active As C.0 > H.1 then IF2 is active, reverse for the 2nd time Jack in his own words, this snippet is before keeping posts with references, I don't remember the thread.
@Sprout , I strongly appreciate your help, it is a very huge help you've been providing to me since quite a bit now A sincere, human and pure THANK YOU for the patience, devotion, will, altruism and activeness you demonstrate to me and WAY WAY larger than this also. Building for myself
I wish to all of you the Best 2019 !! May that new year bring to all of you all the needed, desired and wished I stepped away a bit from work last week, it was really a need. I needed to take some distance with the work, the past three months had been a huge effort for me. Feeling better now, I'll be back to the work on Monday with Modrian Table work among things, but the very first focus will be on it, as this was the last piece of the puzzle I had sarted to study on before end of the year. Have a nice week end guys, see you on Monday
Hi to all, back to work So, in order to get the clearest view as possible, I needed to rewrite by hand the Modrian Table. I prefer doing this than printing; this way I, precisely, "print" it in my mind better than the machine does. The easiest way I find now to describe what I see on the Modrian table, is that there are 4 Sets of Trend types : Set A, which begins with Dominance and ends to Dominance, so repeat of Dominance so to speak; Set B, which begins from Dominance, passes to non-Dominance, and goes back finally to Dominance. Set C, beginning with Dominance, then passes to non Dominance, returns to Dominance in the same direction of previous Dominant turn, then back to new Dominance. Set D, which goes from Dominance, goes through 2 alternances of non Dominance to back to the same previous Dominance, to finish then on a new Dominance. On each and every Set, I see an n-1 column on the left and the n column on the right. I see it as n-1 = what happened on the prior bar, and n = what is happening on current bar. Whichever Set we're in, there was an End Effect at n-1 bar and this leads to another one, at bar n. From the Set we can identify we're in, we ID the prior EE, and this reduces the possibilities of....what can come next. This is the comprehension I have of the Modrian Table now. In order to be absolutely clear with that table, I post the one I use. I have two little problems with it, pointed out by the black "?" on the pic. The one on down left corner is because the page is cut, could you confirme please it is "Ka" ? I half read it. The second "?" is on high part of Set D. After BM,rev, the third option appears as PP5, and so does the 6th one. Tipo ? I see on my table it has been written here by hand. Is that second PP5, in fact, a PP6 ? I need confirmation to go farer. Now, with that said, I'm trying to understand why there is a High part and a Down part on that Modrian Table (MT). If you had to describe what MT is, how it works, and the way to understand how to use it, what would you say ? I see on MT there are plenty of EEs linked together, and I also remember I had many troubles with EEs and PPs!. Plus, lastly, you @Sprout told me I had to transform my prior vision of C-Turns as they can, finally, appear either on Dec or Inc Volume. This also reminds me the VTP. SO....That MT causes confusion in my mind as I see it is relied to MANY points already confused in my mind. It' like : If I touch this, I need that, but as I do not get that, I have to understand it BEFORE this one, but being as this one can only be understood if I know that one....back to the beginning. So to speak, I feel like I wanna write a text, so I need phrases, so I need words, then I need letters. I know many letters, but not how to link them together, and I also know there are letters I don't know. So, in the end.....ok I need to learn alphabet from the first letter. SO -> What is the very first point to start with all this, as I'm following your teaching which is now : focus on Modrian Table ? Parallely, I'm building MindMaps thanks to you @Sprout, this is a very interesting, motivating and hard exercise. It shows me I know way more than I think at a same time, and exposes as well every link I see that do not exist, and also the links that should be bewteen areas that I can't see. Have a great day !
I am more than thankfull to you, for the reactivity and the quality of the answers you are STILL providing. THANK YOU VERY MUCH, I owe you a lot @Sprout . Hope you're doing very well. God Bless you
Step by step, building MindMap. That work is huge, to restitute everything correctly, properly and clearly. But also that may be one of the most entertaining exercise I've been doing.
The studies I did last months have affected in a deep and strong maneer my ability to fill any cell of the log. I am completely lost, like if things I knew before were gone out of my mind. I cant' even recognize turns because of what you @Sprout mentionned to me as I need to transform the vision I had acquired from you last year. This, plus EE's, plus VTP, plus Bands, plus Modrian table, plus PP!s. I am used to be confused, to be lost and to not be able to go anywhere from where I am, but this perception I have of it today when I started to log, is way beyond anything I've been through. I am already blocked at bar 1, OB. Then at bar 6 I don't understand the cell of the VTP that is True, nor why. And I cant' even imagine any question I could ask. Absolutely nothing can come out from me now. I've just reread those, before beginning the day : https://www.elitetrader.com/et/thre...es-trading-journal.83604/page-25#post-1316909 https://www.elitetrader.com/et/threads/the-jack-hershey-public-record-thread.262444/page-12 The only one thing I feel I can still ID and understand are PRICE CASES. Everything else is at 99999999999999999999999999999999 miles away from me now. TOTAL COLLAPSE