Nice looking chart. I like the boxes that define the 30m aggregate. A thing that will help is to program the colors of your OB's. This is how I saw the day. I chose notPP1 due to the fact that the EE bar was within the previous day's lateral, the close was within the lateral and even though the price bar shows high volatility, the high volume did not have acceleration. The 5x5 grid drill demonstrates changes in sentiment. Sentiment is contextual and can be defined as 1 bar or multiple bars. On your log, the three columns have to do with trend cycling.
Thanks. Hmm, I seem to be missing a lot. On bar 9 or so, the bar was assigned P2 on your chart. Is there a reason for that bar not being a BO,T1? 8:30 bar could also have been P2 but that one was assigned BO,T1. Is it because the first one (BM rev bar) was steep and rtl would have been too steep? The indicator is actually supposed to color the OB bars but indicators can't override stepan's program for bar coloring mechanism (which I find helpful) because it seems to be embedded into the bar type lol. I ended up resorting to having it labeled on top of the bar for now. I've actually done the 5x5 drill when I first started reading this but I don't understand the difference between sentiment and single 5 minute bar sentiment (how sentiment can be for multiple bars? vs single bar). It seems every EE gets a turn type which seems to build the trend set as it progresses (as Jack mentioned every trend starts from set A and B the incomplete to Set C and D the complete normal trends). Is the turn type kind of subjective? (I think tiddlywinks mentioned it but I can't seem to grasp my head around it) I initially thought if I log correctly, I would be ruling out turn types and trend sets according to the modrian table but this area is still much of a blur for me. I wish I can pinpoint what it is that determines turn types and how to use the modrian table.
Wow that modrian table explanation is crystal clear. No further questions further there for now. Thank you! I was thinking internals are wait, but it can also be bo,t1 and on top of that this was a UL. I guess this is more comes with experience type of identification on that bar. BO,T1 and laterals definitely seem to require a learning curve to id properly.
Yes, good thinking. There is a hierarchy to discern. It's better to think through it for it practices the very process that operates as MADA is performed and debriefing is completed. There's something about the unconscious drive to 'fill' a space that Jack created in one's mind that actively searching for an answer works to not only fill but strengthen within a network of associations. Doing that and printing out threads in 3-ringed binders that one 'marks up' with copious notes. It's old skool but it also gives the freedom and flexibility to do work outside one's normal environment. My progress with the Hershey material accelerated when following this simple recommendation by Jack.
As you know, I am automating EE annotation in SierraChart. I am putting EE pieces together. T2P and T2F is my current area of study. Your F band EE's stood out and prompt me to make this post. As a common backgrounder, here is a JH snippet regarding F band EE's, origin thread unknown... To further the discussion, here is common background from JH defining all the bands. C band occurs before F band is active. C band requires T2P AND T2F. So what is a/the proper EE to use when T2P is present, and next is not T2P or T2F? I am using Ba, Aa, or Ab, the specific EE requirements being the decider. Bc, may be thrown into the possibles despite the Bc "expectation" mentioned here... Regardless of the EE used, other than consistency, P1 assignment on or after the EE is what matters.
@Sprout. You missed the point... As I mentioned, your F band EE's prompted the post. In each of your uses of an F band EE, the C band, which requires T2P *and* T2F was not activated (afai can see). Therefore the F band, could not be active, and the associated EE's are not correct. HTH
@tiddlywinks Ok, let’s work with that line of thinking. The Fa I ID’d is a repeat of T2P. Let’s work with the case that the sequence is correct up to this point of the T2P. Taking into account the volume element ranges and vol progressing past B-band, what’s a T2P that’s greater than the leftmost P1 and less than a P2?