SCTlearning from scratch

At the end of page 5 you can note the caryover context and the considerations for entering on the open.

I arrive and turn on gear before opens. then I rereview my carry over done after the prior close.

at some point before open I look at the preopen trading on the DOM and the T&S. What I look for on the R&S is larger blocks taking preopen positions. I also look at the build up of limit orders on the ten closest bid and offers. I look for a sum of five on each side and determine if the imbalance is greater than 2 to 1.

since the minority rules in trading I take all these things into account. the reasons I do is to get myselff lined up for the first two reversals of the open. It is important to decide whether to jump in on the ontinuation and hold through the first turn. you saw that on friday.

we are having international news on two fronts now and the market has moved well off the all time highs. So the recent charts I commented upon re like what is going on now in the first part of the daily catenary and for the PM BO on the other end of the catenary.

As you can see I do annotate and I do log. I also keep prints like the oder book partial fills lists. They help me see that I am adding contracts daily and they prep me for sweeping at the end of the week.

the weekend for me is a time to debrief on "events" I have seen while trading. I get all the weekly finanial publications and I do note what was happening on prior given days of the week.

right now I like how the financial industry and the government is playing pranks on Putin. the shootings in our war zones also do shift the markets as news comes out.

Often the market range is establish early in the day. then as the catenary fades a second traverse gets done. after that the market moves more as a regression to get the thrird traverse partially done before midday. since most people do not carve turns, taking midday siginals makes money moreso by being in the market as a frontrunner of moves yet to be made after a signal has occurred. As you look at the boxes you see sentiment getting all lined up and then a re entry has a good payoff as price moves AWAY from the MLR lines. Only advanced traders use these mechanisms. Most traders are watching where the least money can be made (approaching the MLR during market high balance periods.

here is an annotating practice that points out how to be efficient. always pul an annotation from storage and put it where it belongs. If no rush, then duplicate the item and place the copy in the new storage area. If I watch people they usually to the order in an opposite manner. This is the normal way MLR is handled as well. the destratgies and desicion making is down in a stupid backwards manner.

Recently I attended an intellectual salon. Happiness was discussed in a financial context. The vast majority didn't like the top brass of the people they were spending thier lives working for. A VA psychiatrist in attendence asked me to snail mail him some staff training materials. People have all different vantage points.

For me the top brass of companies work for me since I relate to corporations as an owner. Why would a person get up and go to work for someone??? Is that a life plan that leads to happiness??

Freedom is the name of the game. we see the daily rnge traverse several times every day. Why doesn't the financial industry see this as yet???


Why doesn't drownpruff get it??? lol...

 

Thank you for taking so much time to respond to my inquiries. I've modified my chart and hope that it's at least somewhat corrected. As is usual when you write a bit, some of my questions are answered, some may be somewhat clearer but often I have "new" questions. I hope you'll continue to be patient with me as I work through additional questions.

Second 300 of the first 30min bar is the close of the 0935 bar. It seems as if I’m seeing the blue doji bar on your charts at the ‘open’ of the 0935 bar. Am I being obtuse? I've placed it at the close on my revised chart.

I did not understand the importance of allowing the bar to extend for the entire 30min timeframe. I have corrected that.
I did place the darker blue line as I wasn’t getting the whole deal about whether the beginning or end of the 30min bar was to be marked.

I’m afraid you’ve lost me here. Any chance you can reel me back in?

So is pink noted on the 5min, the 30min or both?

To clarify:
The pink area is defined in each "€˜a"€™, "€˜b"€™ and "c" turn (on the 5min chart) which is 3 ticks from the high or low depending on direction?
AND
The gold area is defined on the 30min chart at the high/low end of the 2nd bar in a trend?
Correct or am I off a bit??

Thanks again for your time. I will continue to review your posts, charts and logs to better discern the nuances of putting the puzzle pieces together of your system.

 

Please post a clean chart so I can correct it.

 

I feel my terminology is not too clear.

I work bar-by-bar. I have a count down clock associated with five minute bars and a different one for 30 minute bars. Each five minute bar begins at 300 and counts downward to zero.

In Tucson the market opens at 630 this time of year. It is 9:30 in New York when the market opens. Since I am old, I like just working half days until the market closes at lunch time for me.

I degap the open by using the distance from the close of bar 81 to the open of bar 1. degapping simply translates yesterdays values and slopes to the beginning of the day. rtl's and BM values are important to me for continuity.

I am using the 30min TF observable fractal as my trading context. I do geometric MADA on the 30 minute bars. Each 30 minute bar has a name. The name is the number of the last bar in the 30 minute set of five minute bars.

Bar 6 is the first name for the first bar on the 30 min chart. the last bar of the day on the 30 minuteTF chart has no name and it is only three five minute bars in duration.

A 30 min bar has a leg 2 and this sentiment is my contextual sentiment. Since I am using the 30 minuteTF observable fractal geometrically, I also note the RTL nd LTL of the contemporary channel. Trends end with FTT's so I note them. I also note the Falures to BreakOut (FBO) when a new trend doesn't succeed. I also allow for volatility in trends to change on the 30 minute observable fractal. VE's happen on LTL's.

For different people trend begin at diffrent times. I DO NOT follow CW thinking. For me trends overlap and the overlap beginns at the FTT. The overlap ends at the BO of the RTL.

I believe fractals are interlocking.

From all of this, I have determined that trends can end in one of three ways: by being incomplete and ending sooner than a full set of forwarding events; by following a three move arrangement of dominant to non dominant to dominant; or by going into a drift extention where an odd number of moves consitute a trend.

What all of this means is that bar-by-bar trend trading is precise and wholly defined.

I monitor the "context of the market" by using the 30 minute TF observable fractal. Doing 13 bars a day is an easy geometric task. It allows me to "go with the flow".

I use the gold to determine a trend is "continuing". I use the "pink" to see the "exteme" of a trend.

I use channels to convey the volatility of the market and to have a container that makes it simple to "see" trend endings when the price fails to traverse the container.

As the market unfolds, I annotate and log the "EVENTS" that happen for each bar.

I monitor, analyze, decide and act as a simple routine all based upon the certainty of the market. ACT in CW is placing a bet. Act for me is a behavioral effort on a trading platform. I do four things: Buy, Short, Sell and Cover. A reversal is a pair of these done very rapidly in succession.

Attached is a chart. It is the Essence chart. It shows two trend ends (EE.1 and EE.0) Between the two ends is when money is made (middle). Lines connect nodes(10).

Go to box ENTER (ANY). If you enter, then you begin a money making experience.
I show on my annotations that when an EE occurs, there are two other choices. Look vertically below the ENTER ANY) box. I code the ENTER (ANY) with a blob of color standing for the direction. If the context is not harmonious, there is no entry.

If the EE is indicating an even move, then I hold thru, since in a brief duration, an odd move will forward the trend. If the EE and the context are a SNAFU, then I avoid risk and sideline briefly.

I put the maths of these things on cards for the readers.

So as you may consider, this is a system.

HOLD is done as the market moves. Market movement is the kernal of making money. The "pink" is the indicator for "early Exit". Early exit gates the possible opposite early entry.

this system has the feedback loops as shown. When a new EE appears you EXIT to take a profit segment. This EE also serves as a starting point for a new profit segment.

All EE's have four parts as you see on logs and charts; they are: an arrow for direction; the type of trend involved (A, B, C or D); the type of turn (a, b, or c); and what action is required (blob, or blob and action, or inaction, or sideline briefly).

A group of sheets provide names and definitions of the parts. One sheet anables the turn to be determined and another sheet provides the blob facts.. Altogether they represent all the possiblilites found by using a complete paradigm (Dodd, Granville), its parametric measure (Keynes) and the system of logic (Carnap) that creates certainty at all times (knowing that you know).

To gain facility, a person has to do repetition. As the person sleeps the unconscious is merged into the conscious. as the spctrum of the mind's inference is completed as long term memory, then trading is like riding a bicycle or driving a car or reading or doing arithmetic.

In sports, people exhibit various skill levels. For me I enjoyed ski racing, glider acrobatics, sailing racing and a trauma center stabilizing patients,if and when possible. One end is beating a clock the other end is beating death. Trading is like riding a bicycle.

 

Per your request. Thanks again for your time.

 

Here is today's chart as of now.

the red dashed lines on the 5 min stand in for the pink

after close I will get you caught up on your pending Q's.

go bar by bar an use your 30 min chart properly labelled and every thing will fall in place.

glance at the hold thru on bar 44
to see three bars where pink keeps advancing.

I will post a card for holding thru internals whcich cements stuff using bar legs.

this is a rush post cause I am busy

 

Take a blank log and do it for my annotations. note the re entries and early exits. This will clear up all aspects of the pink.

attached is the corresponding 30 min

 

Here are the charts that cover the rest of the day.

I can scan my logs so you can compare.

thanks for the clean chart. I will annotate it completely and post it.

 

the above had two identical charts. Here is the missing one.

 

this is the best I could do. I treated it as a 30 min chart to make points for you.

I did not have the option of using both 30 and 5 to show the interrelationships. hpefully to day you did the log for the day from my annotations; as you do it you will be filling in the right side where trades take place. there you see one column (retro that has arrows from the 30 min chart.

On my posted charts I did several details for you. One was to show "in" here trades began on EE's. For EE's that did not allow entries, I did late entries when the 30 min chart okay'ed and entry by dominant sendiment beginning.

the pink is shown on the 5 min chart as a dashed thin red ray. The ray's blob is where the ray starts. If it improves on a bar I put a new ray in place.. I also show all early exits that are demanded when the profit segment has done its job.

It is my view for most traders it is not good to be holding a position when the market switche from dominant to non dominant. these traders should not trade non dominant pofit segments either.

So far I am not exposing this journal to early entries and entries in opposite directions. But I did point out to you a trade that went thru a "hold thru" EE.

The market was slow today because a lot of people learned many lessons about failure yesterday (Monday).

Sorry about the sloppines, I did the chart on paint and thus I had to eyeball the parallel lines I drew.