I think it (the Jokari Window) is more complicated both than what I had originally thought .... Hmmm. I wonder if quoting yourself is as bad as talking to yourself. Whatever, the best I can come up with right now is this. Due to the constraints imposed by time, the price vector as drawn on a chart is restricted as noted in my earlier post. This is somewhat artificial in the sense that one doesn't need a chart to have a record of the market, i.e., a table with price, volume and time will be entirely sufficient. The picture of price moving in a channel with "arrow 3" indicating point 3 would be like a hockey stick with a rather oblique angle (> 90 and < 180) between the blade and the long handle. Not exactly esthetically pleasing and definitely not demonstrative of all the actions that price can take in a channel. This is not my thread and it is not my intention to construct hobgoblins and then leave the discussion. So with Spyder's thumbs up (?), let me tell you how I am currently resolving this problem. My professional life has (had) two components - basic science [inorganic biochemistry/mechanistic spectroscopy of multi-electron reductases] and medicine [general internal medicine]. As a scientist I want to question everything about the thing I'm "researching". As a physician I am aware that there will be things that I must accept without fully understanding them. This is called empiricism and, IMO, it forms a large hunk of the corpus of current medical thought. At this point in the Jokari Window (JW) discussion, I am willing to empirically accept that it works as Jack has described because I believe that it really does. This is a practical matter. On the other hand it is totally intriguing to me that the theoretical basis for the JW construct is so rich. The search to see exactly how one must consider the three components of P, V, and time as they relate to the JW on one hand and the market on the other, is showing itself to be non-trivial (thanks EZ and cnms2). Me needs to get the "practical" JHT up and running and so for the next while, I'm going to STFU about the theory and focus on the method. Regards, lj
An observation I have made about the tools we have been given and the way Jack writes about them is: unambiguous. The ambiguity comes from ourselves. For example: Jack said the YM leads the ES. Spydertrader has written that his internal filters led him to believe this was true ALL the time. He then realized it is true at action points. A totally unambiguous statement by Jack that if not completely understood can lead one astray.
A totally unambiguous statement by Jack that if not completely understood can lead one astray. avi 8, An unambiguous, "Hear, hear". Your insightful posts have been very helpful to me and helping is what it's all about. lj A little Learning is a dang'rous Thing; Drink deep, or taste not the Pierian Spring: There shallow Draughts intoxicate the Brain, And drinking largely sobers us again. Alexander Pope, An Essay on Criticism
characteristics of the first 3 bars: 1. opened high, closed low, 2. 2nd bar tested prev close, retreated to 1st bar's range, 3. 3rd bar tested 1st bar's high, couldn't really made it, 4. 3rd bar is in the 1st bar's range, 5. decreasing volume since 1st bar. mmm... let's see... what do these tell us?
Here is an intrabar gau change seen on the tick charts. <img src=http://elitetrader.com/vb/attachment.php?s=&postid=1706171>