T2P is between P2 and T1. In this worded example, it is a T2P. BTW, T2P activates B-band. Sequence does not progress past B-band until T2F, when the C-band is activated.
My view of the day. I seem to rarely get past A bands and a lot of my EE are PP's or FS. Btw, how can you tell the difference between C-A-C vs C-A-B type of trends? They would both be Dom-nonDom-Dom ? Is it only through modrian table we can differentiate this?
Things that make me go hmm,... after doing more debriefing, I've discover that you are indeed correct. Thank you, much appreciated! Iterative refinement is the best! Here's the original post by Jack. However there is more logic to work out when doing it this way which I'll address in another post. This is the only Fa example I have from Jack, if there are any others please post:
Sometimes, it's just that type of day, tis the season to have low volume. It's a good time to practice wash trades. The EE is either in Set B at n or fails and advances to Set C. Since it failed at being a c turn, there is only one other turn it can be. Yes they are both Dom-nonDom-Dom, however Set B's a turn's nature shifts when XO'd the BM set by the c turn. This will make more sense as you MADA more. You'll notice that the typical pattern of Set C at times operates as an inverse. I don't know yet why this is. Jack mentions it in IGMBHTMOADB thread.
That's a thread I haven't seen lol. Can you point me to the right direction for wash trades? I looked all over for the direction on how to do them but it was never clear or couldn't find the exact method. I wasn't even sure if wash trades are If 1 If 2 related or not. Some people seemed to think it's just reversing and taking a few ticks of profits. Others made it sound like it's just not taking a loss since markets just don't fall off. All I was able to find was that Jack recommends doing them few times per day...
"I'm getting my butt handed to..." If1if2 APA https://www.elitetrader.com/et/threads/sexy-idea.22612/ You have to develop creative ways of searching through the archives to build your reference library. Best not to come to premature conclusions when drilling with it. It's a signal overlay that adds to the MADA dataset.
Well I had what I can find saved. Just didn't understand how to apply it. So WASH trades are indeed if1if2 APA then?
Yes. I've not seen the index card photo, thanks for posting. Do you remember which thread that was in?
I dont think that one was from Jack. I can't remember the exact thread where it was from as I was going through hundreds of pages in multiple different threads at that time. Let me see if I can find it.
@Sprout Happy I could help. A caveat... take care with "Jacks" charts with respect to B-Band and beyond. There is a minimal number of "examples", and as has been discussed, a strong likelihood, annotation done by a student. Even your posted example is dubious... a P1 is rayed just after the P2. How can T2P and T2F immediately following a P1 be correct? Answer, one or more mis-annotations. And look at the corresponding price pane!! IMO, we are mostly on our own, beyond a few words from Jack regarding B-band and beyond. Thinking in terms of M1-M2-M3 associated with containers has a lot of value. Just saying. What I find strange about B-band(T2P) and beyond is why the prescribed process is so difficult to get there? Much due to FS (imo). The tenet is that all fractals complete simultaneously. So what are we looking at on screen if at no time a sequence actually completes? In my thinking, something is amiss, because there are clearly completed sequences, at least from time to time on the viewing resolution. A few, which I think is closer to none, that I have seen in the training materials.