Correct link: https://www.elitetrader.com/et/threads/market-system-of-operation.280654/page-6#post-3917860
Thanks. Lately, I have been thinking more about the process being the important part for this method. There was a document, in the 'IAGMBH...' thread, by Jack about some of his trades and how he carves. https://www.elitetrader.com/et/thre...-handed-to-me-on-a-daily-basis.275733/page-75 He seemed to be looking for C turn to full trend blown trade until another C turn and sidelines for some laterals and other confusing C to C turns. I realize as I log and annotate, I sort of expect and notice when and where it starts getting messy. Although I have no idea how long a trend or retracements will last for me to take the full offer of the market yet, I'm starting to get a better feel for when 'not' to enter at my current stage. If anything I feel like less of an idiot for now. Hopefully I'll be able to carve the turns like a master some day. Thanks again!
The automated labeling is progressing nicely. Over the last couple days, PP2 is showing up in my debugging log, so I thought I'd post a couple of volume pics. PP2 is the "topic", differentiation is the purpose. Comments/discussion please. Pic 1 is fairly straight forward, -BUT- internal is supposed to kill PP2. Pic 2 is more complex, with drastically different sequences, depending on path taken. Thanks Something else in my mind is EE-Ae which REQUIRES 2 consecutive T1's, followed with a HVBO. EE-Ae has no kills except in a Lat. Neither of the above qualify as EE-Ae or HVBO, but this is certainly a differentiation, for the warez, and I. Thanks.
Pic1 - Internal/Wait only kill between elements for PP2. The pattern is T1-T1-P2 so Wait on bar before doesn't kill PP2. Though maybe 3 T1's after P1 kills it? Not sure. Pic2 - P2-P2-T2P looks good for volume elements as PP2 get killed by 2 Wait's between elements. EE-Ae has two versions: Ae-1 (P1-T1-T1-HVBO) and Ae-2 (P1-T1-T1-P2-HVBO). Ae-1 has no kills. Ae-2 only killed in Lat. Personally I'm keeping EEs separately from volume elements as you can have multiple EEs on measurable bar/level.
Thanks @Simples As I thought, as was programmed. PP2 is a 3-piece consecutive sequence, T1-T1-P2. The P2 has upper(piece 1) and lower(piece 2) boundaries. A wait prior to piece 1 does not kill. Thanks for the input! fwiw, I don't understand what you mean keeping EEs separate from volume elements. EE Identification requires VTP and the volume element identification. The whole thing is a structure... 10case-->VTP-->EE-->turn type-->trend type. Upper layers are dependent upon lower layers. Performing VTP and volume element identification is a standalone operation. EE identification, if desired, uses volume element identification. Oh well, however you do it, it seems to work!
3 T1s = PP6? So, that would rule out PP2. Hmm, so what happens when you have 2T1s then an internal and then another T1(T1-T1-W-T1)? Since, PP6 gets killed with internal.
PP6 gets killed with Wait in between. Not sure if that kill-rule is different from PP2. You fan on Wait. Can still get BO,T1 or BM,REV and on P2, you could get PP1b (from sheet), unless that rule require 3 bars. Problem is exact ruleset and corner cases that are not described anywhere, though MADA and iterative refinement should help with that.