Is a Bull Trend not started or continued by a (HH - HL - HH) or (HL - HH - HL) Is a Bear Trend not started or continued by a (LL - LH - LH) or (LH - LL - LH) It takes 3 points to designate a trend so seeing a trend establish itself it simple. Continuations are then easy to read, consolidation is simply a disruption of the consistency of the trend and trend reversals are the transition of one trend to another.
Sorry, their apples are nothing even remotely close to my oranges. You'd better light another candle to see it a little better. On second thought, just blow the candle out.
What you're saying is that you can tell when the market will reverse, but you can't give a minimum difference in price between the reversal point and the end of the following trend. In other words, you're not saying anything at all.
I agree. Here's the QQQ. Can you see a long term and a short term trend? And the current Bottom and the previous Short Term bottom match . . . hmmmmm.
It seems P, we're on the same page. but, are you referring to a specific impulse or something more common.
I think I understand your question. The HH, HL, LL or LH's are determined and confirmed at oscillation tops & bottoms. Comparing extreme tops to extreme tops & extreme bottoms to extreme bottoms for the overall trend and minor tops and bottoms for trading opportunities between the extremes.
There are a lot of transformations in mathemetics. Mostly they do not, however, cross the line that bounds the specialty. A simple but powerful one can transform calculus into algebra, do operations in algebra, and thence back again to state the solution. (L transforms). My experience was to learn in college and grad school that paying my way totally with up to three side jobs on a full schedule and cutting back to two meals a day for 6 years, was not a way to gain finacial wealth but only the practical knowledge that there was a better way to make money than working for it. I learned to use money as a commodity for making money. Thus, I worked professionally only the first five years of my professional life. During ths time participated in an effort of IBM to realize the potential of employed staff without restrictions of capital and academic resources (facultywas flown into a specially constructed facility). I had a job as well as studies. I was exempt from working regular hours or punching a time card and my golf fees were reimbursed when I needed exercise. My fav faculty person was Peter Gabriel Bergman, of the Manhattan Project. He was a pro at transformations and some crossed mathematical specialties. It ws a time when producing a resolution of relativistic and non-relativistic theory towards a unified theory was of highest priority. My colleagues were the sort who did not miss any Q's on the GRE of that time. So making money comes down to finding a simple construct that allows continuous and rapid transfer of capital from a deep resource to a small group who use transformations that are kindred to the transformation of capital from one place to another. The operating point is not an operating point ; use the math of SM as an example. There are no continuous functions. Again SM is appropriate. Since there is a indirect correlation between time and precision ( non vector data), the market defines about seven shells of dynamic movement. (think of atoms and the distribution from the center of the cohesive system). Examples; AMTSWA uses a pair of shells and a balanced distribution of capital). Proflogic uses one shell (optimum it turns out) and exercises extreme adversion to risk (high statistical significance of the occurrance multiple independant variables; this deprives him of residence in the market, sort of). Macro analysis shows perfectly that it does not work (i. e., cannot match the performance of the common descriptive averages). Equalling the performance of the markets is the definition of break even in terms of the absolute value of capital. So it comes down to understanding that each time shell (fractal) has its own performance and space within which price moves (makes money). There are seven that the market dictates. All separated by a roughly constant value (multiplier) that is dictated by cultural habits installed over centuries. We have a convention of short term intermediate term and long term. Trends overlap in each of these. Logically thee are times when reversals are compounded up to three simultaneous events at one moment. this is when hitting a home run begins, naturally. Most people do not know when the bases are being run as you all now see since I have mentioned it to you for the first time in your life. Marginal analysis drives making money. Having seven fractals whose boundaries are containers for price. Smartgirl speculated heavily on the broader distributions of capital that are possible between roll overs of the commodities. By choosing to operate in high money velocities and be in the market continually, marginal analysis gives incredible yields. For equities fractals I limit myself to 100,000 shares of a 30 dollar stock as a capital stream simply because I wish to hold and reverse in a convenient manner relative to those who are providing me profits. (google SNMM (60% in a day) reversal or GZTC(17pts on 100k) buy, sell). SCT trading is what I use for futures commodities indexes (I personally operate as an expert). The maths of the matter are to take concepts of continuous functions and apply them in a statistical context of market data. This application is made in the field of human psychological behavior (a field in which I lecture). The maths requirements boil down to what a human calculator can do with aids that are functional for him in real time. there is only one market relationship that is needed. It was conceived soon after the DOW work was done. Having this P. V relationship dictated by the market (how else?) and having human limitations in a psychological context, then there is nothing to do but observe, annotate ASAP and make decisions. For making money, few people can do any one of these three and fewer can do all three to meet the requirement for making money. Read all posts to determine if the person has all three down and is rationl in all three areas. Flashboy is not there in any one of the three so he has screwed himself completely. You MUST observe the correct information of the market's choosing in a fractal of the market's choosing. Anything you choose is arbitrary and wrong. what you choose will be based upon convenience of some sort and is simply an intellectual laziness on your part. if you read posts about edges coming and going they are just statements of arbitrariness and laziness. ASAP is the key to annotating. You annotate and extend the lines into the future as a container of price and volume action. A principle of physics also applies to human nature. Read Newton, Napier, and Peanuts. So we focus on circumstance and look for change of circumstance. This is all NOW oriented. The P, V relationship determined by the market dictates Gausian curves for the human factor called volume. after all, don't all human aspects of things come down to a Gausian world. How natural that Gausian stuff comes from field theory. I construct all my annotations with short straight lines as a consequence of the current state of sophistication of computers. (during my professional career, programming rose to an array of 17 instructions, where multiplication was termed repeated addition and a counter was invoked. bugs were moths that got stuck in relay arms and contacts). We are up to drawing short straight lines on a screen in 50 years. Decision making is the single most deprived area traders enjoy. There are two decisions: continue or reverse. Lets say you do not use these decision making tools. Then anyone who monitors notices mostly that they are missing an opportunity and/ or they are loosing money. This is because the person thinks in terms of buy and sell and moreso if the time is correct for either. They are screwed. What is pattern recognition??? Who cares. The decision to continue is the most common. It is a flow of continually making money. Occassionally, you come to the end of making money. At that time you make one and only one adjustment. You adjust to making money again. There is another factor involved. All the while in your life you are building something. You have a combo of a film (membrane) and an organic chemistry factory that juices the links in the film. It is the original Starbucks situation. The fight of flee juices are potent and really are capable of getting a person to an irreversable situation. flashboy got there as we all saw. and he saved his ass by taking a break for the chemicals to wear away and or be replaced if still possible. you can see that he rises alone on a marginal survival level (Now he only generates and applied brain juices related to survival sort of poorly, speaking physiologically). His fear juice maker is supremo nowadays; it flings itself all over the place as a sonsuamet "flee" application. The other extreme is the SCT life where you have transitioned to the "sports" brain all you built in the regular venues of short and long term memory. Slaloming is the MOST reinforcing mental activiety for success that there is. Did the poster of the chart I annotated KNOW he was at the point of the pm BO after the slalom sesssion? I doubt it. What is it like to consider riding a bicycle in comparison to making decisions. Riding bike is sports memory. So is riding a thermal in a GROB109. So is using sports memory to make one of two decisions: continue or reverse. You may someday get a glimpse of the P, V relation. Then you can take off your training wheels. What in trading is there to be so argumentative about. Nothing really. Trading with others and allowing what you have to be contagious is what it is all about. If you have two bars you can draw a channel. Parallel lines seem arbitrary but they have virtues that are easily enhanced by moving them wider apart in a while if dV/dt is a plus. When the humans through volume tell you that they are mentally pooped by the direction of price, price is not going to "continue", it is going to change. NLP is very powerfukl since it is the tool required to let the proper biochemical juices run the show for linking the knowledge traces that can be transferred to "sports memory traces that work so well that they are so effective they are unconscious in the snese that you can forgo using even short term memory and the other ancillary memories. I usually don't ratchet up to this level of intellectual exchange but it is my way of saying thank you to those who replied to me. It's getting less and less likely that I will collect my thoughts on these matters.