Making JH' SCT and all his material alive

Discussion in 'Journals' started by WchPl, Apr 25, 2018.

  1. WchPl

    WchPl

    = You have 16 out of 16 cells that match in structure, and 12 out of 16 cells that match in color.

    Does not mean 16 - 12 = 4 that do not HAVE color, but 4 that do not MATCH in color.


    While I'm thinking more about this to fix the color issue, I drew my Move Reversal table

    Move Reversal Table.jpg
     
    #491     Mar 6, 2019
  2. WchPl

    WchPl

    Nice to see new people in here. Welcome and good luck for your journey @sd2005

    What's your native language ?

    It will a lot!
    In terms of logging, from where I am I can say yes. @Sprout could surely answer providing more details. But yes, dominance in terms of volume is increasing volume, Non-Dominance is referred to decreasing volume.
    OB -> HH and LL so H.0>H.-1 and L.0<L.-1

    Replace the "<" and the ">" by "<=" and ">=" and it's ok.
     
    #492     Mar 6, 2019
    sd2005 likes this.
  3. sd2005

    sd2005


    Oops... not able to edit past post. Oh well...
     
    #493     Mar 6, 2019
    WchPl likes this.
  4. WchPl

    WchPl

    At first sight, I'd say the most likely is that the 2nd cell of Routine in Modrian table is linked to 2nd down row cell on Move Reverseal table, and the same for 3rd cell in Routine of the Modrian Table and the 3rd down row cell on move Reversal. It's more likely to me just because of the uibcation of the cells. They all match in structure. My question is simply : why is there a change in color ? and why here ?
    If there could have been the same color coding, it would surely have meant a total similarity in nature. as the color is changed, it must mean that this similarity is not that high compared to the real one those four cells have with each other. So the color coding has been changed.

    This reminds me myself, when drawing any type of container and that a perfectly horizontal (so no trend) RTL's of container was appearing, I had to choose a third color. A neutral one. At this time I'm referring to, I was using green for long RTL and red for short ones. As a straight RTL is a mix of a long and a short one, It became obvious to me to use green + red = yellow. then I drew at first Lats in yellow for example, Hitch tapes too and so on.

    If everything has sense and nothing was left to chance, then I can say on the FS row of Modrian Table, the more we go towards the complete Set D of Trends, the more the color shows heat.
    I see in the Move reversal Look in Trend B and C, that the down rows are in purple, and to be more accurate I see the down row in Look in Trend B is light purple, and down row of Look in trend C is darker purple.
    How do I get purple ? Red + blue. Where do I see red in my Modrian table ? FS of Set D.
    Where do I see Blue in Modrian Table ? Routine of Set B and of Set C. And more accurately, Routine cell of Set B has light blue color coding, and Routine cell of Set C has dark blue color coding.

    So with the risk of being totally out, that's where I am now with that color issue. Like if :
    FS Set D Modrian Table + Routine Set B is linked to down row Look In Trend B
    FS Set D Modrian Table + Routine Set C is linked to down row Look in Trend C.

    ...don't even understand what I'm saying


    1 hour break
     
    Last edited: Mar 6, 2019
    #494     Mar 6, 2019
  5. Simples

    Simples

    Nice start!

    There are 3 turn types: a, b and c
    4 Trend Types: A, B, C D
    Lateral is defined as IB + Lat3 both being entirely contained by Lat1 H and L. At Lat3 EOB Lateral is established. Lat BO is any later bar having EOB Close beyond Lat1 H or L.
    Sym i. and iii. is equivalent, so one redundant.
    OB i. is opposite of sym.

    Regarding IV translation as c-Turn is a simplification, but is nice to start with in order to see the logic of Trend Types. Not actively working with Trend Types atm., so maybe someone else can chime in.

    This method is refreshing in that allows focus down to volume, bar-bar, fractals, MTF and trains the mind to see what is often more apparent in hindsight.
     
    #495     Mar 6, 2019
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  6. Sprout

    Sprout


    Other possibilities:

    1) Color printer was low/out one type of ink
    2) A color copier was used that was not calibrated
    3) The person making the table was colorblind.
    4) The person making the table made an error
    5) All of the above
    6) Some of the above
    7) None of the above


    Trading is about being with ambiguity and anticipating possibilities.

    Pick an ‘operating point’ work with it until is proves itself more right or more wrong.

    It strengthens the mind.
     
    #496     Mar 6, 2019
  7. sd2005

    sd2005

    Thank you @Simples, I will come back to you when I have further query. Sure there will be, because there are a lot of terminologies to understand.

    It's like learning new language or maybe math when young. We don't know what it is. But once we grasp the concept, then it should be easier. E.g. multiplication. Initially we memorize the times table (LTM?). After sometimes, we don't need the times table and we can do any multiplication easily.
    I believe that JHM can evolve and be easier to study. :cool:

    My plan is to go through each column before I can start the logging.

    'DeGap'. A gap happens when O.0 <> C.-1 (open of current bar <> close of previous bar). As per @Sprout, DeGap is done by "moving up the prior bar so that whatever difference between the close and open is reduced to equal. C.1 = O.0".
    I'm not sure why DeGap is needed. At the same time, I see that this column is indicating there is a gap.

    'Arrows UL' (Use Larger). Glossary mentions "Use Larger; Assign Volume Case only to the larger volume bar in an internal formation". If not mistaken, "Internal" refers to the 8 price cases other than XR and XB.
    Jack wrote in https://www.elitetrader.com/et/thre...-handed-to-me-on-a-daily-basis.275733/page-10: "when the second bar of a WAIT has a larger volume than the first bar of a Wait, you write UL in the arrow column. UL means Use Larger. If you have a UL, then you measure volume just as you would when an XB or XR transition bars occurs.

    I want you to place the UL on the first bar of a wait as well if it applies. then you draw and arrow up to the UL and draw a line through the volume columns and place "Wait" in the second bar row.

    this is doing mental push ups to remind you that you always know you know.

    so this post is very important and takes your mind and its viewpoint to a place called "you always know that you know".

    Ok, roughly I know how to fill 'UL' column.

    To be continued.
     
    #497     Mar 6, 2019
  8. Simples

    Simples

    Degapping may be done mentally, and the column is there to note wether this was done or not. Degapping may inform of intrabar PV sentiment/case in relationship to previous bar.

    Internals are ideally IB, 2 bars where the last bar is 100% contained within bar #1 H and L. Stitches require additional differentiation both in price and volume, in order to determine price geometry and volume measurability. OB's are composed of two levels, ie. XB and XR, or in opposite order. While OB bars build, there may be translation, so not generally regarded as "internal". "Wait" is for bars regarded as too insignificant, ideally making volume measurements independent of time.

    Bar #1 of internal may be measurable, if not itself internal DV bar #2 or Lat 3 DV NOT Retro.
     
    Last edited: Mar 6, 2019
    #498     Mar 6, 2019
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  9. WchPl

    WchPl

    Am I wrong or everything is linked with everything ?

    If each part (table, log cell, knowledge area) is linked with the others, how to determine any of those is an operating point ?

    I mean, last years I've tried to fill a lot of logs without success because I was missing many things. Along the last year, I've moved to a given sum of rereadings in order to clarify how to be able to log, which is the difference that makes the difference, and the thing that will merge everything I know since long. So the objective for me now, to follow your instructions and advices, is to log. To be able to log, I need :

    1- to be able to fix the hour of each bar -> I'm able

    2- to be able to label each bar number starting from the first one opening RTH -> I'm able

    3- to be able identify Turns : last year, all the necessary conditions to make me believe and understand I had it with turns were gathered. Recently, I learnt that finally -> I'm not able because the Turns are in fact not what I learnt last year, but rather "what I learnt last year updated with Modrian Table"

    4- to be able to label each price case - > I'm able

    5- to be able to Degap and know when it's necessary -> I don't know if I'm able fully

    6 - to be able to note the UL -> I'm able

    7- to be able to perform VTP -> I know i'm not able

    8- to be able to put additional notes -> I don't know if I'm able as I don't know what's it about

    9- to be able to label the Event which is deduced from VTP so -> I'm not able

    10- to be able to use retro when it's appropriate -> I'm not able

    11- to be able to ID the Trend Type, which is deduced from all the above so -> I'm not able

    12- to be able to ID the EE -> I'm not able

    13- to be able to determine the Action to take -> I'm not able.

    What am I not able to do then ? -> Identify Turn types, degap, perform VTP, add notes, label the Event, use the Retro, ID the Trend type, recognize the EE, take the Action.

    To ID Turns, I need to understand the Modrian and Move Reversal tables.

    To perform VTP, I need to understand how it works. From there I could deduce the Event.

    Then could I ID trend type. But only if I can ID the EE.


    It's an infinite loop. So, last year I tried to perform VTP. I failed cause some things were missing in my mind. Then I tried to decypher the EE descriptions to be able to have something more. I failed. Now I'm trying to understand the Modrian Table in itsef with the Move reversal one, and a simple color coding is causing me issue.

    From all this, could you please ubicate the operating point I've already been through/not already been through, and that doesn't begin by a problem ?
    Thank you very much !
     
    #499     Mar 6, 2019
  10. WchPl

    WchPl

    Following that great chain of ideas, I know the 10 PC. Then comes VTP. Then when one has the VTP in the pocket, one can ID EE. So I don't need EE to get the VTP ?
    Then, when one has the VTP and the EE, one can ID Turns, which leads to be able to ID Trend types.

    So following this, being as I only know PC, which is the best place to start from, I should be able to perform the VTP WHITHOUT being able to get the EE (and the PP!s), neither Turns and nor Trends. Is that last statement true ?
     
    #500     Mar 6, 2019
    Simples likes this.