- Can we convert "is faster information" into "takes precedence" ? or I miss what you say ? - When you say the form sentiment (lets say we talk about a 2 PCs combo so 3 bars most of time), what do you mean ? -> the sentiment described by the gap between the open of 1st bar and the close of 3rd bar, whatever the form it describes ? -> the nature of the slope(s) described by the form (short/long) ? -> something else ? - and to finish, let's separate your "what path price "must"' be taken, in order to discover OOE" in two parts and clarify the intermmediate one. To study what price path must be taken...for what ? I mean, when you say price path, immediately I see : Or enlarged : Could you please clarify or maybe simply reformulate and develop a bit with your words what you mean here ? I feel there's something decisive in what you say. Thank you very much for your contribution
I can try, though just my current theoretical understanding working on the material. You can say precedence, though it's really about information flowing earlier into the TF. Silly example: MAX(2) will have a lag of 2 bars until effect is guaranteed. MAX(4) will have a lag of 4 bars. Thus not suitable for bar-bar analysis. Following earlier information, means you read the newest information into the context of precise annotation that you build. Close is fastest information everything left of it. At next bar, Close becomes immutable fact for previous bar. OHLC-data point to the breadcrumb trail price has taken within a given "packet of time". When one OHLC-data is completely within another packet of OHLC-data next to it, either to right or left, there is an opportunity to simplify analysis by not differentiating too much (IB, OB). Such bars may be "squished" or not, then you use the first open and last close and combine the HL. We use OHLC as the data is conveniently available. If one need faster information, you could just get the faster TF data, but that's not the main point of JH. You may need to deal with these bars for trading anyway, but for annotation you need to use RDBMS understanding to differentiate what is different. If squishing helps, you may use it, I haven't found uses yet but such needs consideration and differentiation. At difficult times in trading, squishing will provide context of larger direction where unclarity ruled. C-O would be bar sentiment, indicating the 2nd HL leg (D). Simplest price form is 1 PC. 2 cases makes money. Some cases change price significantly enough to follow, ie. together with BO, T1 and BM Rev. Money making forms are good excuses to immediately without context start BM and RTL. What will make most sense for bar #3 need to be decided. Maybe Lat 3 form IV or DV, etc. Could be BO, T1. Could even be PP! Nature of slope should follow from price path. Q: What came first, slope or price path? I think for slope, you need D nd D in this methodology. Your nice pictures shows possible/easy price paths. In order for BM and slope to make sense, you need to be sure form and price path supports your trend sentiments / annotations. The Pattern is showing d ND d for price, which makes trails you can follow with Bm and TL. When following price with failsafes (BM+rtl or just straight lines), you get an understanding how price should be annotated for VTP/ees to make sense. Not to interfere with your current work, but you could try just annotating RTL, see how just doing that flows. What happens if you vary rules for fanning, or if you don't fan. At start of RTL is always BM. ltl may also be used, but there are actually more uses for BM+RTL in RDBMS. Just RTL will be like using just trend lines, a most simple undertaking. That you are finding more and more nuances, is differentiation. Though, what you find is to be made applicable in robust ways that provides comfort and stability of perception. I think it makes sense to follow price until you master it, though trading just following price leads to DD so more is required. RTL is a way to follow price and is horizontal at first (BM), indicating sentiment change without visible follow-through in the breadcrumbs trail. Failsafes will follow straight lines and are guardrails for when doing VTP. To be most effective, they need to follow the "flow".
Thank you very much, your explanations are quite hard to understand for me, but for today I'm done . I need a long night sleeping and I'll see that tomorrow.^^ Just wanted to end the day with an attempt to squish bars in the way I understand it (the open and closes) from some statements of your last post I tried to assimilate a bit.. and make appear some fractals on the chart both with some Gaussians. That chart has not really an interest, except the one that it has been done ^^ it's today's ES chart. Take care of you, see you tomorrow
Nice looking chart. Is it drawn bar-bar, or do you see everything finished at end of day (untradable). Bar-bar annotating would be what to train for further and what you are already analysing 3 bar permutations of. Ie. NO stealing of future info, though rewriting past may be ok! Notice from volume and price what is D, and how sym often manifest nd in transitions. The invention is ways to know boolean result which is correct side of market. Only takes tiny inaccuracy to f it up, so failsafes and lines were invented too. Since only 2 possible results, the dead clock may seem right half of the time too!.
You've come a long way! Nice work! Even your guassians appear/attempt to sync with BO of RTL! You've come a long way! Nice work!
Thank you. It was a seen at the end of day chart, whithout stealing any info from future. Right now, RIGHT NOW, here I am : i.e, waiting for the beginning of the RTH and gonna do what I did last night quickly, bar-by-bar for some hours. Maybe not the whole session. And I'm gonna try to do it in the vein of yesterday night's chart. LOL !!! It was surely the chart I worked on the less in my life !!! Surely, some things may be cristallizing themselves in my mind with all I've been doing. What a nice feeling you make me have in addition to those I was currently feeling by myself recently. Can't believe it ! THANK YOU @tiddlywinks , I strongly appreciate your words, they are a real care for me, and some more confidence in what I'm doing.. Thanks a lot. Maybe oil or water is transmuting itself currently