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Good point. Perhaps then an HVS to CCC transition although against the CCC is the lack of convergence and centering of price. Truly though, the V is so low and the price action at the end of the series of bars so impressive, that a CCC designation may best characterize things. I wonder if...

Yeh, I agree it's interesting to watch watch the interplay of gold and the index futures/indices. As of 21:30 PST, SP +8.1, YM +57 and Au spot bid up $2.40 from the close. Let's see what the Brits do. lj

The stall/formation component of JH method is, IMO, a major contribution to the field of technical trading. I have attached a document with a couple of charts and a couple of questions and would appreciate any comments. As a final question I would ask whether it is appropriate to fan the RTL...

Thank you for your thoughts. I could not agree more that rote memorization in lieu of understanding is a true recipe for disaster (like trying to memorize the 32.5 things that might happen at the RTL). The method must be internalized, to use your term, and without doubt the sim is one way to...

Another MAK pearl MAK PV Post which, IMO, should be understood COLD. The volatility is in one tick (0.25 points) increments and is equal to the high of the bar minus the low of the bar. The volume is in "number of contracts" and has been partitioned both into deciles and Hershey pace. Note...

Lest I generate confusion, what I referred to as the "BCFBW" (Building Channels for Building Wealth) document, is in fact the "CFBW" (Channels for Building Wealth) document. Yes, Virginia, there is only one. BTW, I had read the MAK bar by bar commentary before but it's one of those things...

The first part of my blab had to do with how to draw particular types of channels de novo and then morphed into a discussion about whether contextual considerations should be brought to bear when attempting to do this. This is separate from what to do when you find yourself "inside" a...

In the spirit of discussion allow me, au, to address your take on the query. The bar for point 1 in the first figure indeed is going in the direction of the new tape but I'm sure there will be cases where a bar like this will be of opposite color (just shift the open and close by a couple of...

The BCFBW (Building Channels for Building Wealth) document is, IMO, the bedrock of the JH methodology. As has been mentioned earlier, drawing channels is not the market grail BUT if the rules for doing same are not followed, then a collection of unique and often non-comparable "pictures" of what...

D'oh! Thanks avi 8. Makes perfect sense. It's grey, wet and dreary up here in the Pacific NW (snowed last PM) and I thank you for ameliorating my S. A. D. in a most edifying way (the usual Rx is sitting in front of a bank of fluorescent lights). lj

In some of his early posts Jack talks about areas of support and resistance and their importance when one is trading. He does not speak about these areas in the usual way but rather views them as being dynamic entities as opposed to fixed lines of entrenchment. IMO, every day there are four...

FWIW, a freebie from the boyz and gurlz @ S&P. Control-click the first link for details on the teleconference. I don't know to what extent the conference will overlap with the articles listed in the attachment. Should be interesting, if not believable. lj

Today, Monday, was an outside bar on both ES and YM. Una pregunta, por favor, cnms2. When you do the "carry-over" from the prior session (which I agree is absolutely essential) is it protocol to take the 3:55-4:00 bar as the final bar for the ES session and similarly the 3:58-4:00 bar for...

If on what you perceive as being a retrace you find a shallower but noticeable retrace, it is a sign that you may need to re-calibrate your trading fractal. If I understand what you're saying, cnms2, if one is getting out past the limbs to the sprigs, leaves and buds, one must be very nimble...

And so it goes. As I move through the journal I came across a post by R/R (p644, last post) which has a lot of the material that I posted a couple of days ago (p1331, last post) but in addition something I missed and now appreciate more fully. To whit: Spydertrader (May 25, 2007 1:51:34 PM)...

A very sincere thankyou to you all and best wishes to you and your families this Thanksgiving Day. What moved me from where I was to where I'm going, was the recognition that JHT eliminates the problem of chop - anathema to the edge trader. The attachment is self-explanatory and I hope...

There are many assumptions about one instrument leading the other: OEX leads SPX (Bryce Gilmore, developer of WaveTrader software) NQ leads ES (Rickey Cheung, developer of RC Advance, RC Success, RC Swing trading systems) DAX leads ES (Teresa Lo, if i remember it right) YM leads ES (Jack...

Bottom line is - volume rules price. Sorry. I meant to say volume leads price. Some things can lead without ruling. lj

Your German-English is considerably more comprehensible than my English-German would be, so no problems. I should alert you to the fact that I am not the thread's oracle so what I have to say should be taken taken con granis salis. FTT's need not be a significant high or low but indeed they...

Maybe i misunderstand the 'ES points of change'? Points of change need not of necessity be equated with so-called significant swing highs and lows. This is not to quibble about what is a "significant swing high or low" but rather to say that there is more to this trading methodology than the...