Market operation is counterintuitive, and it requires effort to master it. A major reason for the difficulty in accepting counterintuitive notions is that humans believe in certain kinds of authorities and are sensitive to the cultural context within which ideas are presented. So, few people...
Actually, that advise should be applied to you. It is difficult to learn how market operates. The acquisition of this knowledge is symbolic, abstract and counterintuitive, unlike the acquisition of everyday knowledge, which is usually pragmatic, personal and based on experience.
Seeing the sun...
Assimilation of counterintuitive information into existing knowledge structure is hampered by persisting intuitive notions. There is no cure for minimally counterintuitive cognitive template.
I was with a fellow student of the method in chat when 1520 [close of] broke out on increased red volume also breaking an RTL of the accelerated channel. When 1525 [close of] failed to deliver more increasing red, I noted the striking similarities with what happened 5-15-08 1420-1450...
Yes, the nature of 1010 [close of] bar and how the price behaved inside it prevents it from placing both pt1 and pt2 on it's high and low
Yes, 1135 [close of] broke out of the blue channel on increasing black volume.
By not creating new pt3 down.
Yes, that one is supposed to be a pt1 to pt2 traverse for the down channel that would match the slope of carry over channel. Soo, I am patiently waiting for pt3 down, followed by either an FTT to pt2 in a new up channel, or new dominant traverse down. On the other hand I have accelerated pt3...
These chubby tapes have been drivng me mad - I can't seem to figure out whether to treat them as pt3 channels or single traverses. After the red one this morning I was expecting pt3 up and at some point it was evident (not to me) that it won't come. Was it 1050 close of RTL BO on increased red...
Yes, your function in life is to be on the other side of the controversy and thus provide free publicity.
I don't know and neither do you.
Ah, just like LTCM with all that money, brains and computing power managed to lose couple of billions.
Let's not pretend that you actually know what the...
Extremely cool annotations! :D Damn! :D I could probably learn how to trade JH methods just from looking at your charts for the last 2 weeks.:)
What did you think of 1010 [close of] ES bar? LM on DRV = continuation? DRV = change? No more IRV after SYM BO on IRV on 1005 close of bar = change...
:confused: I thought that the portion of that (1605 close of) bar where the price traveled from that bar's high to it's low IS the change signaled by the previous bar lower volume? Am I missing something?
:D I certainly hope so. Up/Down channel, Formation BO/FBO, dominant/non dominant traverse, X?, Y?, ...
I suspect the answer lies in sequences and WMCN, although I could be wrong.
:) I am doing the same.
:) No sinister intent, rest assured.