MADA and log on 03/29/19 debriefed. I had missed some EEs, and when reviewing my degapping actions, I noticed that when a bar is degapped by moving the n-1 bar then some LATs appears, then some retro are triggered/are still not and then some PP!s appears and then ..well, cascading effect. I also incorporated the degapping from last day's close. For now, I can't see anything more on this chart as for refine the IDs. It's surely not perfect but at the moment it's all I see. To help my eye with degap, BMs that move then and cancel som BMrev I had ID'd in the future, I decided to use dashed lines for the BMs and Lats for example, that move because of the degap, so I can see better the degapped shadow for Lats, the degapped ubication of BM and it makes it clearer and easier. Finally, rather than taking the log I had and read it and refine itself directly on the sheets, I prefered to take a new blank log, and re-do the log looking at the chart, ignoring what is drawn on it. It's like a double training for me, and as I have a cruel deficit of the logging action, it cannot be counter-productive nor a loss of time ! Right now, let's begin to refine 04/01/19 chart and logs. I am having a lot of pleasure while doing this work. It's quite impressive.
This debriefed claimed a lot of work and it has been great to do it. I'm ...done haha I noticed two main things : -> I had missed a huge LAT that affects considerably the log and the whole thing -> I found something about degap that intially provided clarity, and finally ended up with leading to some confusion. I've been told to move bar n-1 if bar n is to be degapped. But, if I move bar n-1, it moves what's on the left too. So, when I was doing the work on the LAT, I began to move the lines of the LAT in order to keep it on the right position, degapply adjusted. After adding all new LAT trendlines in dash lines, I came to this : The final version, which I posted first at top of this post, is left with the definitive degapply adjusted trendlines of the LAT that suits finally the bars included into the LAT. The question it took me too, is the 5th I put in my list. -> how far does degap affect the chart ? Concretely, after realizing that by moving bar n-1 the prior bar sometimes/often need to be moved too, then all what is linked to those prior bars (if in the same trend) will move too. It would make no sense to keep it intact. This led me to include bars in LAT that were (if not degapped) not initially, to exclude some that were in, to see new BMrev and this sort of thing : bar 1 is P1 assigned for BMrev. Bar 2 is repeat P1 and does not need degap. Bar 3 needs degap -> if I move bar n-1, it would make no sense to not move bar n-2, and it would make no sense not to move up for 1/4 tick the short BM AND it would make no sense not to move the short rtl and...there would no be BO,T1 by bar 3 anymore. I feel I have a problem with the degap action, and that's why I will reread the last message @Sprout had sent me about it. If one is "simply" to adjust bar n to bar n-1 by moving bar n-1 and ignoring the BMs, the rtls, the prior bar, well, all what is linked to this bar n-1, there would be something for me to understand deeper cause it would appear to me as a total non-sense. I MUST be missing something. I hope all of you are having a great week end, wish you all the best.
Keep your eye on the end result - to have a chart where all the gaps are removed and what their degapped price cases would be. There’s a simple way to think about it and a complicated one. You are currently exploring the complicated one. It brings to mind the archetype of the chartres cathedral labyrinth - one can be in it / outside of it and there is also the perspective when one views it from above. These viewpoints all converge when one experiences it within themselves.
I am stuck on degap. I read today all I can about it, read about chartres cathedral labyrinth also, I reread your last posts @Sprout about degap. There was even one in which you said I am understanding the degap. Either it's partially understood, either I don't know I already know how to do it. Plus, you say I'm exploring the complicated way. Is that a bad thing ? For now I found myself unable to find the simple way to do it. I don't want to ask question, I continue to read as there's no other option. I'll let you know when I understand.
Take some notecards, draw a price case on each one. Create 21. Randomize and shuffle the deck. Lay them out sequentially one at a time some with gaps and others not between the close and open of the price case cards. To determine which cards have gaps between them, flip a coin. Heads = heads up there is a gap. Tails = no gap If no gap, continue laying down the next card. If gap, adjust the present card. Continue to the next card. Easy-peasy-lemon-squeezy
Gaps are fundamentally interesting to traders, why? What can one learn about gap periods vs non-gapped periods?
So what I see is that : - if I have the next cards being "assigned" no gap by the flipcoin, the card is not adjusted. - if the card that is not to be adjusted has a gap between its open and prior PC notecard's close, a next gap appears. - so whatever I did here, there's always gaps appearing So, I will continue my EE mindmap and let the "degap" rest a bit, before being taken by CW emotions.
The flip coin is like the market. At random, market data when charted, displays a gap. You, using the rdbms methodology, takes what the market gives you and run it through a simple and consistent process. (degapping) The end result is a degapped chart. The goal of a degapped chart is to see true and accurate relative price cases. This is rdbms afterall. To understand why, then one needs to break down what gaps really represent on a 5m chart, and why they exist. One doesn’t need to understand the why to still utilize the concept of degapping.
Finally, maybe I'm having the aha for degap. I'll log next chart waiting for me, then do its debrief, and once it is done, i'll post it, and we'll be able to constate if degap is unlocked into my mind. Also, I'm on the EE mindmap so it may take a bit of time. 1 day or so for posting the next chart. Thank you very much for your help, words and help. Take care of you