lol... just wanna catch up a little compared to the other guys here, might be good to do a little reading. but i´ve learn much more reading threads here on et than reading books that´s for sure... Stalker
I've only just started annotating the 7 fractals this week. I decided to debrief some of my older charts from the nwbprop days and noticed I'd always annotated several levels of channels but on the 5min only. Sort of bottom up annotating. After comparing my old charts to the more top down annotations, meaning starting from M, W, D, 60, 30 then 5, I found that in past, I invented channels on the 5 min that never really existed. My understanding of things is that we scope and bound to enable us to anticipate and act timely. Looking through my papertrades during that time, it seems I often traded from channel lines that didn't exist, which in retrospect, seems to be one of the causes of much of my prior frustration in learning this system. How does one properly scope and bound the 7 fractals to set the correct context down to the 5 min channel? What is meant by the "market operating point"? How do we annotate in a way that identifies the true market operating point? Can someone comment on the attached 30m chart so I can see if I'm inventing again.. thanks.
No guts. I took this screen shot at the moment I thought I should reverse but I did not do it. Still dont have the courage to act on my convictions. Probably the hod.