Why does TA not work (for you)?

So now we have to check for End Effects before we chack for categories

 

no EE so bar 7 was part of channel that makes up third move..

A T2F.Bar 8 is in a range to be an EE. Bar 8 is an larger bar in the yellow box.
So you get ready to carve the end of the long and reverse short on bar 8.

we have 1/8 odf the day's bars done.

 

I think it makes sense to distinguish between PA trading based on "visuals" (can be anything from "patterns" to candlesticks) and PA trading based on "algorithms" or "statistics". I am a fan of the latter, but not the former. I think on some level they are both in the same category, since price is the only input, but I think the latter has the potential to be much more rigorous than the former. Not to say that a skilled practitioner of the "visual" sort of trading can't outperform a novice algo or statistical trader, but I think the the upper echelons of the industry, the algo/statistical PA trader predominates. These are the guys from schools like MIT/UChicago/Stanford. I've known some of those guys and they never talk about "visual" PA.

 

at 100 swec the bar is still a pass for EE.

 

Agree, categories within the "TA" realm are quite large and different from each other.

 

@ 34 sec the small arrow gve you the reversal

 

Reversal which direction? I'm trying to follow your calls here.

 

the ywllow box holds he bar 9 first bar of the short.

Note that it is an IBGS.

 

If so effective to grasp JH calls... tomatoes next year in my garden!

 

thomd bar in the yellow box is bigger than the first bar.

since it is, it gets designated as P! for the short you now hold.