The OP gave three examples. He asked three unconnected questions. So he is getting mixed answers. Among answers he got this: In case A the short trend will continue In case B the short trend will have two more events and turn long on the second event. In case C the turn occurred one bar prior to the last bar and the last bar is assigned WAIT and P1 will be assigned in the future. from me. Cool Hand Duke sees some of the participants in this tightly moderated thread as kooky in an arbitrary situation created by the OP. I think your comment comes from all the stimulation we kooks are providing.
The little details seem to escape my mind. "Turns", "dominant", "non-dominant", "segments", "EE turns", "colour change", "vector direction". I could show you on your charts where I might see what I think you mean and at the same time I could show you on your own charts where it doesn't seem to apply the same way. You talk about "turns", dominant or non-dominant. Maybe that is something different for you than when I talk about "moves", "segments", "vectors". When you talk about "dominant vs. non-dominant" this is what I have in mind: Dominant = Volume increasing in the direction of the price. Non-dominant = Volume decreasing in the direction of the price
Thanks so much for your reply AND for the illustration. We each work in different modes. So it is probably difficult for me to communicate to you, When I post charts, I am showing how a RDBMS works. I see that you are using bunches of bars to describe your context for trading. I also keep logs where a row on a log is a parcel of info on a display (where volume and price bars are in line with each other(vertically speaking). In the upper left of the first illustration you show an Outside Bar (OB). I always have to divide my log row into two horizontal levels to record both aspects of the OB. See the list of PP's which contain PP4, PP5 and PP5a a few of the 13 PP's. For me an OB is always two points on a geometric price annotation. for me, trends overlap during a period beginning with the FTT and ending with the BO of the prior trend RTL. To describe the volume and price activity during this period does take some typing detail to keep things straight. So at last I can see why you are usually mentioning my inconsistencies in my commentary. We definitely use a given name to describe different things. I posted my chart of Monday last. I also mentioned how the zigzagging of periods of holds between reversals worked out for me. As you look at that chart, you can see that bar by bar, for me, only one unique thing is going on at that parcel of information (a five minute parcel). So now I understand why you only go so far in being specific about things. You do see two things going on concurrently in various groups of nearby bars. If a bridge were to be built across this dilemma that has been created, I would really have to think deeply about how to do that. This week has been a complex one for me. I deal hour by hour with medical people all in their little silos not paying or heeding others. We are removing an ion generator from Liz's hip and they do not even want to do blood panels on the ionizatiion levels (now half way to the poisoning level). LOL the lawyers has had 100% of scientists decline to testify. and the lawyers do not understand the mechanism, its measure and its cure. No problem, paying scientists to solve problems has always worked. We are happy though. We will get the ion generation stopped and we know how to monitor waste to see the residual ionization depart via the cleansing organisms of the body. we also have aguy that can induce the organs to proces these foriegn little ions out of the body. And we are keeping independent records that will pass any science quality level. The trading profits are larger than Liz's problems and the implant manufacturer has admitted liability. So we just go through getting past this problem by solving it. I can see you do have the price pairs in boxes and the boxes have background colors. But they are meaningless up to now. you work with the dependent variable and note what is going on in the independent variable. How math works is to go from the independent variable to the dependent variable. But is has to be done bar by bar. the notes on your illustration are journal notes and do not represent the power of the independent variable Test Procedure OOE. So it looks like you do not monitor and analyze charts as real time passes. A while back years were spent doing boot camps to get the MADA routine to sink in. It didn't. I like the cold start and spending 20 days doing purposeful work. Mostly because I remember that personal sequence I went though. I'll spend the next few days looking at your post and illustration. Thanks again for your detailed reply. I'm beginning to get the picture of where you are. I remember it took months to get a doctor in London to buy a color printer. But two years later he bought a ticket to NYC to meet others who were cool traders. We picked 70 out of 700 to attend. Covel just talked about a phone call interview. Will he and MS and perkerlo ever get to see the markets? it doesn't look like it.
Could you provide more info on the EE Band OOE or point to a previous post you've made where you explain this in more detail? Thank you!
the bands have Alphabetical names. they are in that order. the sub set labelled PP stands for Pre Primary. The PP subset is mostly very early in the formation of trends. Something intercedes and ends the trend. The types of intercessions include: 1. like elements accelerationg. 2. the new element coming between (in terms of volume contracts) two prior of like kind. 3. On a price bar called Outside Bar (OB) a peak-trough combo on one bar. Most all of such are on the first of the three legs of a normal trend. For the other sub sets, band width is used as the general modus. Thus, contexts come and go as a trend moves forward. Since the first move of a normal trend takes volume elements P1 to T1 to P2, this forms the A band between P1 and T1 in volume. (this is going from point 1 to point 2 in a channel geometry. Each new element of the volume pattern forms a new narrower band. up through band C. Band F is "outside" of band C. Band G is a singletion For P3F. Band H is "outside" of band F Band J applies to bar 78 where by advancing one peak the bar becomes a P3. (known as a P3 Pass or P3P for short) Band K is for triplets of T2P's and T2F's I noted all these things to make a lot of implicit stuff more explicit. with these subsets, the expert trader can keep focused. and it allows a person to take the full offer of the market by doing hold/reversal trading as an alternative to the beginner and advanced beginner levels where entry/exit betting and hoping trading abides.
This is great info. However, I'm still having a hard time with the concept of Ba and Ca - Band Passes. NCX provided this illustration of volume regions (in a different thread) with one bar labeled, Ba Band Pass, but it isn't quite clicking with me how that EE was chosen. I've gotten used to seeing a mathematical equation to describe arriving at an EE. Would you clarify those two EEs? Thanks again for your time. I am incredibly appreciative!
Buy a lot of A. Sellers have capitulated. Sell some C. Trend continuing. Sell more B. Trend accelerating.
You won't get an exact feel for what Ba band pass is by looking at this pic since some bars are missing in front (... dots). I just put Ba band pass as an example to fix the discussion. To get an intuitive feel for Ba band pass, take a look at Jacks charts from 2012.12.11 2012.12.18 2013.03.20 When you find Ba go to the place where P1 was assigned and see transitions from one band to another. For a detailed description of C band pass google: doaks, "The PRV and the actual volume converge". On charts see f.e. 2013.05.30 I've gotten used to seeing a mathematical equation to describe arriving at an EE. Would you clarify those two EEs? Thanks again for your time. I am incredibly appreciative! [/QUOTE] Jack provides templates but the real definitions of EEs come from the entwined interactions of all OOEs. It matters what did and did not happen earlier.
I would say noone knows what will happen. if the general market conditions are bullish, I will buy nomatter A/B/C. buy dip's odd in bullish market is better than sell dip. if the general market conditions are bearish, I will sell no matter A/B/C. sell dip/sell pop in bearish market is odd better than buy dip. this is a classical example why TA does not work. you can not get any clue what will happen from the chart. if you need those clues, pay attention to FA... forexample, competition rises... market goes down, there is plentyof reasons. ....profit taking, very common. then you should buy in the dip ....pending news, such as earning,drug approval,....people play cautions ....someone knows something and sell,... ...
today's JCP is an excellent example. pre-market, dropped to $9, then goes up there till 11+. hate to say, someone play contrary made big money on those calls! ofcourse fundementally it is easy to understand, short sellers are covering.