Putting the pieces together... attention JHM! ;-)

Discussion in 'Technical Analysis' started by frenchfry, Aug 20, 2012.

  1. So far I find the logging not very fruitful and satisfactory. Again lost in the sequence.

    The problem: When you start the day, and even later, how do you know where you currently are in the volume sequence? Do you always start from the premise that somewhere in the last bars of the previous day you have a P1? And then from there simply continue the sequence?

    Later somehow the sequence somehow doesn't seem to be complete. How do I prevent and fix this?
     
    #31     Aug 21, 2012
  2. The chart for the log....
     
    #32     Aug 21, 2012
  3. baro-san

    baro-san

    <img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=3604699>

    You read, you don't understand, you conclude it has to be wrong, you complain.
     
    #33     Aug 21, 2012
  4. Thank you baro-san for pointing this out! Seems like my definition of IBGS was wrong. Here is one I found which could work in that example:

    IBGS: Is a bar in which the close is in the opposite direction of the initial trend of the bar as established by its open.

    In my mind I had another definition... example... downtrend... after the open bar follows in the direction of the established trend: down. It surpases the low of the previous bar but then at the end returns in the opposite direction and closes above the open. The important part that made me think it is not an IBGS is that it has to surpas the previous high or low and then close in the opposite direction.

    P.S. Please don't conclude I complain!
     
    #34     Aug 21, 2012
  5. Paddler

    Paddler

    LOL. Oh yes, it is dead wrong. IBGS is not merely one tick pass the open price. Where is the context!
     
    #35     Aug 21, 2012
  6. baro-san, after thinking it through again I think my previous definition of an IBGS was correct. Here is why: Look at which bars the indicator marks as IBGS. They all have to pass the previous bar's high or low before they close in the opposite direction passing the open.

    Could you please explain why from your point of view in your example you define it as an IBGS? It is a stitch, sure.
     
    #36     Aug 22, 2012
  7. Paddler

    Paddler

    Bingo!

    I expect him to tell you that your gaussian is, hmmm, questionable. :D

    But hey Jack has the certainty from his proprietory quickies. What am I to say?
     
    #37     Aug 22, 2012
  8. baro-san

    baro-san

    <img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=3605403>

    The yellow box is an ibgs.
     
    #38     Aug 22, 2012

  9. well you exhausted duref and so you can get back on track.

    it is verty difficult to invent a new looging practice. you look as though you may be finished with that as well.

    averyone goes through all their gyrations before aseetling down to becoming rich.

    rich is what gappens when you use a system that merely follows the dictated of the market.

    you partner with the market and the market automatically does its part and never over steps its bounds. you will find this out in five years.

    I tne meantime we need to use your log.

    It was very important that you post it.

    you can see that you do not use a blob to begin your arrow path.

    Maybe you will soon.

    the blob shows everyone you know the Volume category test procedure which follows finding out if an EE has occurred. the two processes are mutually exclusive in answer sets. you will find after a while no names of bars overlap or are remotely similar.

    the test for violume categories has three parts. You do not use them.

    So far you have invented a different approach and you have told us clearly you go from detail to concept.

    the test has three parts:

    this means you do three different things and you do them in a specific order.

    If you do not, then you get to not learn and you are not going forwards as the weeks and weeks pass.

    I met from 2pm to 4:30pm with a medically trained person. He drew. before arrival, on one page, all there is to know about volume category trading.

    He did not invent.

    He has three ring binders.

    He reviewed some of my handouts of logs and charts for specific days.

    I did the bares of an open on a Tueday. you have focused on what Tuesday it was.

    I worte in detail the volume category rules here in ET several times.

    rule 1. Test for repeats. I neglected to tell you to lift you quill and wirte in the log the result. so lift your quill after you test for a repeat and write the result either way. F means it is NOT a repeat. T means it is a repeat. Pencil this in in the events column.

    there is zero lack of certainty here. you will notice there NEVER is any lack of CERTAINTY EVER.

    this means your mind will not be hearing from below your neck about emotions as you become rich.

    Rule ! is like all other rules. All rules work the same way.

    Sit and think. I have all the answers anyone needs to become rich in a month or two.

    It is okaY to learn at any rate you choose. In any event you can see duref is stupid and senseless about becoming rich. He cannot trde more than one contract. Put him on ignore for the next three years. All he is is a joker and as such he cannot think as he explained to you and ME.

    Rule 2. If you get a fales on rule 1, you have to do rule 2. this means you test all other possibiliteis in the order I tell you to test them. you do not invent or think. you just do it as NIKE told you already.

    For some reason you were rewarded for trying to think up things that already work. When you drive a car do not think up new ways to drive a car. Just follow the car driving rules.

    Rule 2 is to test prior volume ctegories in reverse chronilogical order of their appearance. you cannot outsmart me on anything I use to support your learning since the approach is flawless, has no anomalies and has no flaws.

    As you do the test, draw a line and add subscripts to the test results. Presently you do not do this for some reason of your creation. do not use those creations any further.

    If you find a T as an answer still go back to the beginning of the trend.

    If there are more than one T use the left most on your log.

    you will probably not be able to do rule 1 or rule 2. That is how it goes for a person who cannot focus and do as told. It is very hard to just do the corect thing. When you do not do the correct thing, you cannot learn at all.

    think of 3rd or 4th grade. Think of all the others who did not do as told. Look at the tacher wasting her time on them. they are not learning to add correctly and they cannot read Run Dick, run.

    rule 3. If you have all F's (this is equal to the emaculate conception), then you MUST go to NEXT. NEXT is like IS for Clinton. You made a log; it got approved and has room for growth. I introduced another amaculate conception level idea called OOE. In the concept of OOE the concept of next is used.

    Lets say you are learning to count or learning the alphabet. Neither of these things is important to YOU and you are NOT busy inventing an alternative for a change. BUT..... CW says learn both.

    Waht is after 5? and what is after H? you would search the webb, naturally. BUT I am telling you to learn the numbering system and learn the alphabet system. this makes you competitive with your classmates.

    Now I say to you learn the OOE for the primary and the Secondary because it makes you rich.

    the Pattern has the trend shown in several ways. there you find the OOE for the primary. It is just a beginning into the World of taking money away from Wall Street. you do not know the OOE for primary nor for secondary. Learn it over the next few years so you can do rule 3 of the volume category test.

    as you see all of this is following rules and rote learning of stuff invented by a master. duref is a bullshitter and not even funny. And he tired out as usual since he is also an alcoholic who can't trade.

    At some point you need to begin to go to work. thank you for making a log and thankyou for posting what you logged.

    Reread my log for Teusday and see if what I wrote here is what you could have thought through by reading my posted log.

    There are a lot of very light wieght people in ET; it just comes with the territory. Stop debating if someone I have acknowledged as skilled tells you something.

    If I have suggested someone is a bullshitter, they are and that is that. Ignore them. Anyone who has put me on ignore is the equivalent of a bullshitter.
     
    #39     Aug 22, 2012
  10. I as trying to lead him through a recognition of the context of the day he was analyzing, because it was evident that he had none. It was a narrow range day. ES was in a weak uptrend on the daily chart. ES was more or less tracking 6E. Volume was pitiful. At the time price as staggering lower erratically. Tomorrow was to be Fed day. So unless there was a miraculous strong breakout to the upside, it was just as well that he had his nose lost in his useless logging. Had he had the good sense to continue to respond to me I would have shared with him a flowchart on how to daytrade index futures. His loss. And my wasted time.
     
    #40     Aug 23, 2012