Sorry. Must add ... looking at the chart with my eyes "naked"... or rather, ...looking at the "naked chart" as it is. Based on what I see the price was doing starting from the left edge of the chart and up to 12:30 on 10/21 I see only one low risk entry.
Jack, would you be willing to try and define the difference between "theoretical knowledge" and "practical knowledge". If you decide to reply though, I have one huge favor to ask. Could you please try and write it short and simple - in a layman terms, so the inferences we make while reading will help us arrive at and totally match the conclusion you will make at the end. Thank you.
Get the one page description of trading SCT. There you see eight items several were used to do the 22 trades as a beginner/intermediate. Trades numbered 23 through 31 are interposed and would be done by an expert. The routine is all in all the time using reversals at each number. You simply have the confidence to know that exit then entry is an identity and the vector direction is opposite. granularity is the basis of all trading and formations. You build from the finest to the most course and trade from the gross to the finest. The simplest formation is the parallelogram. Trends begin and end on failure of the trend It is very simple to understand that trends do not go on forever. Thus you know two things: they have ends. You are troubled and have many stumbling blocks. there is a line in the sand when crossed the mental damage is irreversable. Today you finally find out if you can read my chart of the market that takes the full offer of the market using a one pager containing 8 items. The knowledge question you want to learn. Practical knowledge comes from its theoretical basis. I'll explain this separately.
Jack, thank you for your fast and kind reply. You have said several words I can clearly understand. However, two sentences I saved here show exactly where the focus of my attention is right now. I look forward to hearing the answer to my question. As far as you method is concerned, all I know is that "I don't know Jack" and for that reason I will try to keep things simple for myself for a while. I learned several things from what you wrote before but, in general, if I try to comprehend what you write I will definitely cross over the line. Please mind the gaps in my mind, Jack when you write. Assume that I don't know anything and you will be surprised at how fast I learn. Thank you.
As most know, part of my life, I was an academic and I passed the survival test. during my academic life I ran two of the five divisions of the UCSC. I also began to work at EOP and gradually shifted from one to the other. My corporate career began as I left the political scene. At the beginning of my work career (5 years); I was an innovator at WECO and thus while in grad school was made an MTS at BTL. This usually takes three years of BTL employment but since I was contributing significant contributions the powers that be skipped most formalities. I had only one full time job after schooling at IBM. There, the ink I chose for publications and covers was Kotex Blue and you probably know the rest of the story. Machine grey became blue when mainframes became modern and transister oriented. If you are from Tech you know the Ida Green building and the Ida Green 29 department full graduate fellowship. My second wife was a magna cum laude in first Prniceton graduating class and shee later became the Ida Green fellow at Tech when she went to get her professional degree. She was the wife (and secretary of) of the founder of TI; IBM gave TI their transistor production line and I had tech responsibility for the information thereto. Now I am going to explain to you how thinking and proving theories works. The Financial Industry has it wrong. C plus history majors from the Ivy League run the FI by heritage of wealth and no brains and alcoholic parenting. Theory can be obtained by either deduction or induction. From theory, pragmatic applications are made. I use PEP and three applications: PVT, SCT and SSR. CW follows theories derived from induction. They are created using high powered statistics taken from market operations. If you are educated, you know this does not work. The proof is as follows. The financial industry makes it money from fees and commissiions related to sales to get capital in house. Additionally, in science induction is never used to figure out how things work in theory or in practice. So I turned away from the ways of the financial industry IMMEDIATELY upon learning on day one how prices moved from left to right and vice versa. I deduced PEP (Pool Extraction Paradigm.) using Keynes' Paradigm Theory and the Logic Theory of Carnap. The nature of markets DICTATES the mathematics which must be used. Algebra must be used and the Algebra has a one on one relatiionship to the numbering system of the subject at hand, the markets. Market owners make rules. The rules dictate the mathematics. I, as an educated person, had to avail myself to use what I knew about Science and Mathematics. There are two "in kind" hypothesis found in markets and they totally cover the market operation. they happen to be orthogonal. The measure of each aspect of each hypothesis boils down to one class of measurement and those measurements (PM's) can only be used in on type of mathematics for that system of numeration. In 1848, George Boole, invented that algebra. It is the maths I had to use in the one job I had after graduating college. The HS dictates that velocity is what is measured as the PM. So I use velocity as a vector in Boolean algebra to do what I do. The financial industry does not do this. The HS is deceptive in its dictates. If a person is not careful , he falls into the trap of relating things to time. And it is important to realize that Boolean algebra does not use a system of numeration that is "continuous' as does an algrebra related to the base ten where two types of numbers can occur (rational, irrational and imaginary). What happened to most people is that they never learned to think critically and do problem solving with scientific tools. I did though. You can see the one pagers for PVT and SCT. There probably will never be an anymore elegant solution to huge problems than these two sheets of paper. And there is an absolute guarantee that they appear as a foreign language to the ignorant
I was 100% certain you are going to take it personally. Based on what people have said about you and the specific question I asked, there was no uncertainty that you will speak about yourself. To what extent though I didn't know and didn't care, BUT I was sincerely hoping you will answer the question I asked. ... The above are my mind gaps that need to be filled. Not at this time though. You mentioned some stumbling blocks, isn't my question related directly to that?
The financial industry is a big place and nowadays they have lost integrity as have their regulators. I simply qualified myself to be able to directly answer your question and establish to you that I am a person of integrity. I also explained the difference between your CW orientation and my scientific and mathematical orientation. The applications go from theory to practice and REQUIRE the use of the HS and PM's in the modern equivalent of software either manually or automatically. Manually you use columns of a log and follow a routine. The columns have glossaries that relate directly to the inference coming from your mind to give you "perception". You use John Boyd's OODA routine; I use MADA. The lines you see annotated simply make the binary vector measurements conclusive. All reversals are precisely at the end of trends. In this thread an OODA type person put up a gross (infrequent) trade which greatly lagged the trend ending so much that it was delayed all the way to the end of trend overlap. And it missed 30 other trades that were present on that fractal. LOL.... you think of mind gaps as missing factual mostly historical information. Notice that no one is posting charts that allow the market to be seen. You may have never seen a market in operation. It may be that you mind is still empty of the inference set needed to match vision's sensing. a hypothesis is an if...then statement. It contains two gerunds. gerunds tell you the PM (parametric measure). There are two leading ones and two lagging ones. increasing and decreasing are leading and correspondingly continuing and changing are lagging. four "ing's" From this theory you go to measuring. As increasing ends, decreasing begins. then this means price trend goes from continuing (to make money) to changing trend (to make another bunch of money). All of this is why only one pager define each respective market applicatiion. Anyone can learn all of this in a few days.