thanks nkhoi, I know about that one, but trying to find one that starts numbering from the beginning of a trend change the numbering on the charts posted in the thread looks as tho they can do that
I will be returning to this thread soon to continue on with the pdf's of JH material and to highlight areas of interest.
Jack..appreciate your continued efforts to educate on this methodology. re: point number 3 highlighted in bold above. If by using the P and T comparisons you refer to, in order to determine the completion, or not, of all fractals, I'm failing to see the point of referring to and relevance of, any VE and the VE "zone"at all ? It seems, from what you say in point number 3, that we will be able to determine completion of all fractals, via the P to T criteria, whether or not we have a VE? Appreciate feedback from anyone if and how I am miss-understanding this. thx
My orientation is a finite maths orientation. The parallelogram emerges and is the basic geometric building block construct. Just as in a bar by bar, analysis emminantes from the 10 cases of adjacent bars, a person must look at all of the cases that involve how a parallelogram is first created, then maintained. There is also the notion that it is always true that parallelograms overlap. Jem recently commented on his misunderstanding of my commentary in ET. Read it, please. Determine that you are not overpowered by parallelograms, their construction, have they maintain themselves and how they overlap. this is late grammar school or junior high or the mid forms of the foreign schooling designations. Three points determine a parallelogram. Crosing it one way is dominant crossing it the other way is non dominant. To examine this a person must change his orientation from up/down to left/right. A VE is a sign of more dominant right to left strength. Regarding symmetry, a fan is a sign of less non dominant left to right strength. A parallelogram can linger longer as well by continuing to trend within the parallelogram. A trader's job is to "know that he knows. Mandelbrot introduced fractals and they apply to human behavior and thus, in turn, to trading. As a person trades a parallelogram , he also has the ability to "look inside" this parallelogram and see that faster parallelograms exist for each traverse of the slower parallelogram. COMPLETION is a term used to describe a parallelogram completing its existance and yet another similar parallelogram beginning to take its place. For trading this time of transition is where simple profit taking happens and simple taking on another trade begins. It is when "sentiment" changes. Dominance is a combo of sentiment and the strength of movements. Each have measures and they are logged. A VE is dominance CONTINUING. it comes to an end BUT it is not the completion of the parallelogram. This is figures out by deduction once and using the deduction over and over in trading. Trend monitoring and analysis creates a strategy for trading. It is not done inductively but instead deduction is involved. Two geometries are combined to do this. One for volume and one for price. Coordinates in geometry are usually tow linerar sapce dimensions. In trading time replaces one of those dimensions. It is difficult to ask a person to lay out all the cases of both the priceand volume geometires and then make the connection for all the cases. This finite math seems to overpower the mind of most. when one is not overpowered and can follow the market in terms of the asortment of possibilities, it turns out they follow an oredr of events. Events all have three parts as clarified by behavioral finance: pre event, event, post event. Time of event becomes an exacting science as a consequence. When I explain all of these matters, the usual result is a period of judgement by others and they reach the conclusion they are right. They choose to be "right" rather than rich. Being a meiocre thinking non ewalthy person is the lot of these judgemental decision makers. The alternative is to "work". Work is attaining an organized long term memory. The value of an organized long term memory is that it will "summon at the correct time", the other part of what is being seen at any time to add up to PERCEPTION. REREAD JEM'S POST. His even more classic comment is that he "see's" the market "gyrate". When he see's market activity, it fits into his glossary category called "gyrations". Here in this post the focus is on a VE of an established parallelogram that has a knon faster parallelogram forming the VE. It is also known that the trader is looking for the precise ending of the slower parallelogram by using the faster parallelogram reaching its own completion. Both parallelograms are in dominant moves. Dominant moves are measured by two variables: sentiment and INCREASING MOVES IN THE MARKET VARIABLES. In time (which is one of the coordinants of each geometry), this context grinds to an end point (THE event) and after that an entirely different context appears. Your mind must match the pre event, the event, and the post event with sippets from your long term memory. Before this will continue to happen for you, you have to "work". More and more you will discover what work is. It is building your mind so there IS long term memory available to you when it is needed. There is a giant myth about work. Mythically it is believed that a person spends 10,000 hours doing something and then the mind helps him to trade. What happens if a person sits down at a table and uses printer paper to draw sketches of how parallelograms work and how VE's and fans change the parallelogram. What if he sits there at that table for another few minutes to an hour and draws the way the faster fractal uses parallelograms to form VE's and fans. What if he looks at what it takes to end the faster parallelograms? If he does this and he watches the market with this in mind, then 10,000 hours becomes a few days of successful carving turns on the beginnings and ends of dominant trends. Your logs will show how your mind gave you the trems to write in each column of your log. Make a log and write "gyration" on each line for five years and see where it gets you. You will be a gem.
Thx for taking the time to reply Jack. Could you post a chart section that includes a VE and the equivalent snippet of your log ? That may enable me to better understand what you are trying to convey. Thx
Thank you Tikitrader for starting this tread, and to Jack and Spyder and others for helping us learn.