No one can confirm your comment since it is incorrect. Take each case individually. Move one goes away from the bookmark by the simple fact that it begins at the bookmark and leaves the book mark. Move three moves in the same direction s the move one. moves alternate in direction. For a trend there is a limit which the trend may not pass to remain a long or short trend. that limit is a horizontal line from the beginning of the trend. Notice the book mark IS that limit (a horizontal line). From point 2 a retrace occurs of the opposite slope of the first move. Go on the other side of the picket fence where the alligator is. Try telling him to keep his mouth shut as I have told you to stop with the wisecracks and only open your mouth to say "thanks, Jack." Let the retrace teach you something. Let is go further and further. At the exact point where no trend is possible (neither a long or a short) the retrace toches the bookmark. You have never annotated enough to have this happen. So what? Who cares? Continue the retrace through the book mark. Notice price is going farther than the prior FTT. A new prior FTT level is being established. When the retrace ends it has a name: "NEW FTT". For housekeeping correctness you simple fold the two faster fractal moves back into the prior trading fractal and contune from the NEW FTT. All of this just proves one thing. You cannot take direction to do work as you are told. Not having a decent display (you use the lowly Ninja trader which is incorrect) and you argue to not have a rainbow of market PACE on volume. This is almost as bad as being a PA only trader or using stats for trading. Or doing entry/exit trading instead of hold reversal trading to make the full offer of the market. Note the difference from going from point 1 to poiint 2 and going from point 2 to point 3. The former is called a reversal and the latter is called a retrace. You mind it not trained sufficiently to recognize the difference. Do you have a color printer and colored ink? this is a rhewtorical questiion. Stop asking questions and begin to post a completed chart everyday for the next 50 days. Keep your mouth shut and just work and make all the mistakes you need to make to get them behind you so you can not use the "Idon't follow directions and do not work " excuse. Grow up and shut up.
there are snippets for everything including all those things that will ever cross you mind by going in one ear and out the other. Get another snake eye to begin with. Go plural like all other snakes. More mouth and no work.
you can start from the bottom post http://www.elitetrader.com/vb/showthread.php?s=&threadid=141661&perpage=6&pagenumber=332 mak also did several runs on bar by bar here is one of them http://www.elitetrader.com/vb/showthread.php?s=&threadid=83604&perpage=6&pagenumber=53
Nkhoi,from what i see in the first link,you bookmarked every single bars.That`s not the way one should learn i think.It IS the very way to reapiting failure.
Jack, i can understand why i do need faster fractal to trade the trading fractal,but why do i need slower fractal?
Jack,can you please show the 4 volume moves here? And,how do i know if it is a slower fractal in the biggest channel?What determines the size of a slower fractal? Thanks
Hi Snake, I'm clueless as you but in order to help Jack, yourself and others trying to understand everything could you please do following. 1. There must be at least one document here or on another web site which nicely shows how everything starts with the smallest/fastest fractal which builds the next fractal which then allows you to build with that fractal the next higher one. Please try to find it (I'm too lazy right now). Why you only or you you do need three fractals and not four, seven or any other number I can guess but leave this for Jack to answer. 2. I think it was in the "...rubber hits the road..." thread (or a similar name) where Jack tried to show me how to build from one fractal another one and tried to show me the 4 volume moves that occur. Please have a look. 3. Stop to use those crappy charts. Post a chart with only a few bars. Maybe use even multiple charts showing the progress how you start the fast fractal, how you build the next fractal and from there finally build the slow fractal. Use bar charts instead of candles. Don't use Stephan's channel tool. Draw your own lines starting with two bars. Make sure the line width differs from fractal to fractal. Use red for down and black for up. Also for the price and volume bars black and red would be better because some people are color blind and have problems with red, green combinations. Get rid off the automatic volume gaussians. Basically... make the chart look as clean as possible. Do you recognize the different cases? Can you see an outside bar? An FTP? A sticht? etc. Still room for improvement. When you do all of this will you then finally understand everything? Probably not but you will already be one step further. I wish you whatever you wish me.
@ nkhoi and @ frenchfry NOt intense but makes no sense to me.Why bookmark every single bar and draw lines on every single bars??It doesnt make any sense.It`s not a drill but a dumb work instead.You do not build your mind by that but trash your mind - when you start real trading you`ll do the same,i.e. you`ll try to bookmark and draw the lines like there is no tomorrow..You should try to annotate the exact points of a parallelogramm. Bar or candles or lines it doesn`t really matter.But annotating volume bar by bar could make sense,this is what i was asking Jack-what cause the higher then usual price movement, where the volume visually doesnt change and keeps its usual or even sometimes less then usual pace.And then i asked him to show the 4 volume moves on the exact example. You seem like was playing way too long with colors, lines and cases.Guys dont get me wrong,but what you are suggesting here,is PRE-BEGINNER stuff.It`s for a person who just first open a chart.