Spent the majority of the afternoon going and updating nearly all of the glossary terms to the best of my ability. I formatted them in order to allow for cutting and pasting to anyone who wants to put them onto note-cards and make pages. All feedback to improve the terms or correct errors is appreciated. I haven't included the Volume Elements or the End Effects in the terms, but I plan to begin making pages for those tomorrow. Have to upload it in three parts.
complete log for today, 12/23/13. My concerns: 1) Am I doing WAIT correctly? 2) I am unclear how to deal with OB 3) I have similar issues as Heroic in logging LATS 4) No working or concrete knoeledge of Volume testing, just now reading That said, I did (SCT) trade ES successfully today, noted on the chart and log. Not necessarily from logging data, but I did use some JH stuff. 2 trades. Logging was actually fun until around noon when it became tedious "work" for me. I also noticed what I think were many btweener situations but I don't know enough just yet to log them. I'm still struggling with P1 to some extent! Thanks in advance for your inputs.
Thank you for your participation. The last thing on my list of things to do today is to go through the old chart and log I posted, and see if I can glean some additional understanding of the volume test procedure from them. In particular, I am having some trouble understanding how the Reverse Chronology Test fits into the process. Example: Bar 1 Volume 20000 -> Assign P1 Bar 2 Volume 25000 -> Volume Test Column Two for Repeat -> 25000 > 20000 -> Repeat is True Bar 3 Volume 18000 -> Volume Test Repeat is False (Volume is not greater than or equal to previous) -> Reverse Chron (Column Three) -> Go backwards and see that 25000 is greater than or equal to 18000. Yields True. This is the part that confuses me. We must have two False in order to move to NEXT. It seems that if the REPEAT is false, the Reverse Chronology will always be True. I must be misunderstanding something. Here is some related text from Post #80 in the previous thread: "Now for some reminders. For reverse chron you keep going until you reach a TRUE. You may use all the cells before you get a true. All this means is that you are making money. And as said, you now have permission to draw to the NEXT By going under all your work in the row in the direction to the right. At a blank cell go to the middle and place a T and write the column name in the event." It would be helpful for someone to post the correct values (True/False) for both the REPEAT and REVERSE CHRON tests for each bar even on one page of a log, or at least to have a written example of the thought correct thought process carried out like I did with my Bar 1-3 example above. My best guess is that I am mis-reading the above passage, and EITHER [1] a single True, or [2] all cells used without getting True BOTH tell you to go to NEXT. I'll post on the subject again after I try working it out a little bit more. Additional input is always welcome. -- @tiddlywinks, I will also make another log with the exact chart you use in order to discuss any differences we may have tonight in addition to the above. Thanks again for posting your work.
Okay, so I completed a full log with your chart, but when I went to compare our results, I quickly realized a significant difference. The detail is easily missed, but when you check the De-Gap column, you need to mentally de-gap the bars in order to find the correct price case. This makes #10 an FBP, and #11 is either an OB or an XR depending on how you squish bars correctly, since the question is still open. I marked it OB, but if the JH log from 10-30 is correct, then it would be an XR. Anyway, the De-Gapping procedure creates some pretty significant differences in our logs. I have a 10+ bar lateral on page 4 that never shows up on your log. If you would like to adjust your log by De-Gapping it we can compare our lateral and WAIT annotations.
Ah, did I misunderstand? How does your charting software work? If I understand what you are saying the right way, it places the bars correctly, which causes the little open and close marks to be incorrect?