This looks very grim and off base. Getting the information is a plus, of course. I notice that you think and believe there was no traverse (and probably Channel ending Friday on spyder's chart. I know the comaprison of his charts and your charts did not work out. I may try again to get this to happen. We are working on level 2 after working on level 3. For some reason your narrative is not oriented in any way to level 2 or what you know on level 3. Please refrain from any comments on level 1 in the narrative. Also always attach a chart with the narrative. Here is an instruction: Do not enter before bar 4. Under 1. Coarse look for the value of the premium. You have obtained this value. Therefore, you MUST get the synch taken care of. Look at the intruction sheet for the P, V preflight Synch. Then, when you have written on the preflight the synch bar number, then you may begin to consider "Entering" on the row below the Synch row. SCT deals in certainty. Your narrative doesn't. I spent hours posting to you on your PRV "uncertainty" issues. I when back to my files to augment Ezzy's pre flight posts for you. I went to the "original" of that preflight to bracket it with PRV stuff. There is no "IF" in the NOW of SCT. MADA is a four part process that has four different thought processes associated with MADA. Notice that there is a thought process for each letter. I will post anther lift from Iterative refinement (which I expect you to read continually and add prints of comments to your 3 ring learning binder) that has MADA resouce referals in it. The following is a good comment on Advanced Beginner which you have chosen to stay with. As you read it, notice the focus is one the progress of a sequence in the traverse, the trading level 2 of Advanced Beginner. 11-08-08 11:27 AM -------------------------------------------------------------------------------- Quote from ptunic: Spyder, your charts from last year I believe showed FTT's, but I don't think I've seen them as much or at all in some cases this year. (My guess on this one is you can tell by where the new traverses and channel's point 1's are as they overlap with FTT's). -------------------------------------------------------------------------------- You caught me. Over the last few months I have (without announcement or fanfare) attempted to shift the paradigm from vocabulary based (FTT, FBO, Hitch, Dip, Stall) to sequence based (Dominant - Non-Dominant - Dominant. Understand, this paradigm shift contains the same information as before, but instead of focusing on vocabulary words (which include a wide variety of change signals and / or definitions) and taking actions based on the definitions of those vocabulary words, I have attempted to encourage, prod, cajole, push, and even shove people toward that which (most) everyone currently finds difficult to grasp. In this fashion, a trader can then learn to know when to anticipate the arrival of change, note its actual arrival, and understand when the next 'thing begins' - all prior to 'seeing' an FTT has developed. -------------------------------------------------------------------------------- Quote from ptunic: On a similar note, I don't see Flaws annotated on your charts recently. (My guess here is this is more relevant for advanced /non-forest students, or bar-to-bar monitoring). -------------------------------------------------------------------------------- Again, these vocabulary words simply indicate the sequences have yet to reach their completion. In other words, it matters not what we call something on the way to the point in time when one should anticipate change because until the point in time arrives, the trader has no reason to expect a signal for change to develop. Fortunately, the market always cooperates, and follows the same set of rules. As a result, it isn't super important for you to know a 'stall' has just formed. Instead, it becomes of critical importance to know the sequences have yet to reach completion. As a result, such knowledge let's the trader know that (whatever it is he / she sees) they do not see a signal for change. Imagine yourself driving down the expressway toward a destination a great distance from your home. You know the route, as you've made the long drive many times in the past. Along the way, you pass numerous large green signs with numbers and words detailing the names of the towns you pass along the way. Note how you pay little attention to these signs during your trip - barely noting their existance throughout the long drive. However, as you 'sense' a certain amount of time has passed on your trip, you insinctively begin to note with increased regularity the exit numbers and the names of the towns on each of the signs you pass - calculating how far to the actual exit you need to end your time on the expressway. Once you arrive at the exit, you know to end this portion of your journey, and begin another portion. Throughout the trip, the large green signs along the route had the exact same dimensions, the exact same colors, but they did not provide a signal for you to exit, until you reached the point in time where your journey on the expressway needed to end. As such, you ignored these signs right up until the exit you needed, but monitored them closely as you neared your off ramp in an effort to make sure, you didn't 'miss your turn.' The same holds true for markets. Once you know the 'route' the rest is easy. Fortunately, the 'route' everyone needs to take proceeeds right through the Monitoring portion of the M-A-D-A Process. After one masters the 'M' phase, everything else falls quickly into place. -------------------------------------------------------------------------------- Quote from ptunic: I was wondering on the significance (if any) of these changes, and your recommendations in this area for the Annotation / M stage (again specifically for beginner/forest-level students). -------------------------------------------------------------------------------- The significance is you've been learning how to SCT the markets. As I have often said, "SCT represents a consequence of the learning process." Focus on the sequences which occur in every Traverse. Learn to spot them well in advance of their completion, and note what changes occur at the ends of these sequences. In rapid fashion, you'll be able to 'see' the journey in the same manner as driving a car. You won't need to look for the road signs (signals for change) until you arrive at your exit (sequences complete). HTH. - Spydertrader
Thanks for the clarification, Jack. So the acknowledgment to progress with Beginner Internals log was tacit. Page 2 will be completed on the new log. The premium was -1.31, so entry should have been considered after bar 2. I misinterpreted the Jokari description and advice to add tape fractals as an instruction to heighten focus on tapes. I have several comments pertaining to tapes in narrative 2 (which I commenced before this comment). I will refrain from further comments regarding tapes. Many thanks for updating the preflight document. I am sure it will help many people. I realize now that I have only a rudimentary understand of sequences (i.e. D-ND-D then SOC). There is apparently more to it, so I will need to keep updated with the Iterative Refinement thread. I'm still on my first 2-traverse slice. I'd be happy to post it before completion, if that would be useful.
Narrative Bar 11, early prv shows I-R to Extraordinary, following an ftt of a long tape, and I annotate a new short traverse with point 3 down confirmed. I donât repeat MADA, but I correct my annotation at the end of the bar, marking the OB, deleting the short traverse and amending the Gaussians. Bar 13, and Iâm still holding my short position, waiting for a definitive confirmation of a first traverse. Volume rises towards the latter part of the bar, long after I have completed MADA. Bar 14. 12s prv shows VDU. I wait, and as it breaks the low of the prior bar, near the one minute mark, prv has surged to high. The golden circle effect precludes a long traverse, so I mark my short traverse. Now I realize that on Friday, I wasnât constantly rechecking M, but rather, I was waiting until the three or four-minute mark of the bar before annotating and then going from M to A. Bar 14 was an LL on lower volume. Within the short tape, there was increasing volume beforehand. So possible SOC and FTT of tape and traverse. Bar 15 wasnât logged, but ends on an FBP. Now is the time to focus on logging. The short point 3 has been confirmed and weâre awaiting change. I log bar 16 as an internal on D-B. After I complete MADA and decide to hold, I notice that it breaks the low of the prior bar, volume rises and we have a successful range expansion of the traverse. I amend my Gaussians. Bar 17 is logged as an IB. It ends the bar as a LL on decreased volume. I log bar 18 as a VE within the first 15 seconds of the bar. I notice that Iâve stopped filling out the volatility column, as the pencil is out of my hand well before each barâs volatility is clear. I recall a comment that a bar is given the opportunity to increase itâs volatility right up until the very end. I also recall a comment that overlap and volatility are internalized unconsciously. I notice that performing early MADA cycles also impacts on overlap. . I notice a byproduct of early MADA cycles is an abundance of time. The focus of the narrative needs to return to WWT, WMCN and IBGS. Two consecutive traverse VEs, the most recent on extraordinary volume. I anticipate that the end of the traverse is approaching. I go back and fan the tape RTL to accommodate the post-FBP bars. We possibly have an ftt of the tape. I mentally note an IBGS within the symmetrical pennant at the 4 minute mark. Gaussians will confirm a tape RTL BO well before a traverse RTL is reached. I remember the instruction to improve the log to the extent that it contains all pertinent information contained in the narrative. But I notice that many of the narrative observations are being made after MADA has been completed and logged. I amend my Gaussians at close of bar 21, from DB to IR. I notice that Iâve logged most bars as IBs, as Iâve run through early MADA cycles. Four minutes into bar 22, I notice that itâs made a LL on D-B. I wonder if there is a 3rd Jokari zoom. Bar 23 was not logged, but I mentally note an IBGS and tape RTL BO. WMCN  tape B2B. What if thereâs a B2B but the bar is contained within the forming lateral? Prv shows a tape B2B. I donât perform MADA until two minutes into the bar, when it breaks out of the lateral. I mark an X in MODE and reverse long at 934. I tentatively annotate my long channel, commencing with yesterdayâs last traverse. WMCN is a slow descent to the RTL, a BO on trough volume and a subsequent B2B on the traverse Gaussians. Once the long traverse is confirmed, the long channel will also be confirmed. Bar 25 reveals itself to be an IBGS and a lateral FBO late into the bar. Bar 26, a return to red dominance following an IBGS and I reverse short. In retrospect, I should perhaps have held through the entire internal. Bar 33. I note that weâre in a steep traverse, and volume is drying up as lunchtime approaches. I will therefore hold through the non-dominant traverse of the forming channel in order to avoid whipsaw trading.
Here are some MADA resourses. My hope is that by putting up different explanations you will find in one of them the seed of what I am repeating over and over. I am earnestly trying to get the subject of how narrating the log's MADA on the trading level of skill you are working on does form a constructive drill along side the loggging drill and its associated focus columns. There is a vertical story being told about the traverses of the Channels in which the traverses operate. The boundaires of channels is where the traverses come to an end and where NEW traverses begin. I gor defeated over the weekend by having to "go back" and examine volume (mostly from am intabar perspective) since you "did not trust" the market's supply of information it TELLS you. You don't ACCEPT it and it has no VALUE as yet. We look, now, at the preflight to get oriented and have a context for the beginning of a trading day. BUT you think the Friday chart of Spyder does not have any Channel, traverse but only has a tape ending the day. See narrative. USE your traverse and your channel if his is missing in your opinion. If you see x number of traverses in a day for three prior days then divide that into 81 to find out how long a traverse can be on average. Look at the dominant ones and see that they, relative to non dominant ones have, in given slopes of channels, different sequence ratios meaning different lengths in bar measurement. your English teacher told you in "drill seargent" treminology tp "can the crap and stay on topic only and stick to interrelating the facts to raise or lift the quality of the information content by it synergism." You teacher was trying to teach you MADA at that time in your words factually speaking. Get the TELL>>>>>Pair the TELL with its meaning BASED ON that in your mind you know that you know the pairing(Analysis>>> Decide using the meaning by pairing the meaning with THE DECISION YOU KNOW THAT YOU KNOW in your mind>>>>>> ACT by using what you know in your mind is the CORRECT ACTION for that decision. Why can't you do a narative that reflects MADA on level 2 taking level 3 into consideration? The answer is that the narative would be too short and you do not have the channel nor the traverses sequence vocabulary, as yet, in your mind. I am trying to get you to do rows of a log in order that you begin to "READ" the log vertically to HEAR the market TELL you how the market works (sequences). When and if this begins to happen, then you will know WMCN. WMCN is now just four letters in a row in a place in your mind where the words what Must Come Next also appear. There is NO "IF" in SCT. In NOW you are at one stage of a sequence; it is true that the next stage is known in the mind (at some point in skill and knowledge development, anyway) once you have done the drills>>>>>which build the mind>>>>>>to give you the "inference when needed>>>> to match with the sensory input you are having. So far your narratives do NOT link what you sense with any SCT things that might be part of inference (summoned up from long term memory which is established) on level 2 and level 3. Channel trading from FTT to FTT on level 3 was focussed on the sequences that came btween the FTT's and that there is an order to the sequences. I believe volume was part of that. I also believe points on channel lines were invloved. One point was estimated as to location before it happened as well; it was the FTT location after price left the RTL, a level 3 term for a boundary. Here are some resources to read and print and hilite and splice into the tabs of your 3 ring learning binder. 11-09-08 02:56 AM -------------------------------------------------------------------------------- Quote from elovemer: ....been searching through old posts.... ....trying to find an explanation of "MADA" ....could someone anyone direct me to the starting point for "mada" ....where the posts begin ...thank you much -------------------------------------------------------------------------------- Spyder has a very good series of posts on MADA here. As far as I know the first references to MADA at ET are from way back when. All journals and other posts by Spyder and Jack are littered with references to MADA, so the above places are far from all where you will find discussions and insights. If you've really studied the journals it's hard to see how you could have missed it. Try to be more creative with the search button . cheers, tobbe I see the references do not work as words to click on. Sorry. the poit in the Iterative rfinement can be located, however.
This log is annotated for Advanced Beginner. I didn't see the corrsponding chart when I annotated it, sorry.