Perhaps it is more a question of what scenario(s) is/are being talked about. Clearly, as I've already said, there will be many, many more point 1's than there will be SH's or SL's, unless of course one's definition of a SH or SL is particularly confused or motivated by unbridled greed. If you remember my initial, simple question was does anyone know if SH/L = point 1? I didn't know. lj
your SH/SL terminology = FTT which = Point1... the answer to your question is always....but that doesn't mean you stop monitoring for FBO/FTT in the future.... but in the NOW, all of the aformentioned terms are equivalent.
Thank you for your input. The question was whether SH/L = point 1 but I don't think that SH/L = FTT which = point 1. I totally agree that it is apposite to monitor for the other criticalities of the Hershey protocol. As you already know, for those who are willing to take the time and really work at understanding what Jack has discovered, there are multiple opportunities for moments of bright, shining light when something clicks in. The man is a quantum hop above most, if not all, of the ET crew and I mean that most sincerely. When I ask a question on this thread, it is done so in the context of a search for knowledge and occasionally, if I'm lucky, that search will reveal a truth. That's it. I'm not here to fuck with people. Trade well. lj
Thank you for your input. The question was whether SH/L = point 1 but I don't think that SH/L = FTT which = point 1. A moment of "D'oh" for me. I was in point 1 space and on returning to the real world, after an AM cup of Italian roast, I do believe you are exactly correct. lj
I've been thinking about this some more and came up with this thought: You're following the advice that one exit at the break of the RTL. The problem with this is that the other part of the equation assumes that you enter at the exact pt3. Your entry isn't at the pt3, but at a higher value. I agree what you're doing with your entries - waiting for inc volume. So we need to fix your RTL to reflect your higher entry. We'll use your long entry at 12:00 for this example. it looks like you entered at 45.25. My suggestion is to copy your RTL - on my chart it's the blue line - and place it at your buy point. So now you have copied the sentiment reflected by the original (blue) line and placed it at your buy point. The copied line is the pink line. Exit at a break of the RTL is a gain of 1 pt. Or, you can draw in the black tape, reflecting the inc black gaus, and exit on a break of that, and had a gain of 1.50 pts. Hope this helps.....