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Thanks for the response Spyder. I'm going to have to spend some time digesting this answer because I can see the potential for me misusing this info. and miss actual P2s. Am I right to assume from your answer that in order to have our true P2, we must establish all of the following: 1. A...

By default, price is unknown as it exits a formation. However, I do not see any type of formation being exited by this bar. What am I missing? -A

Hey Spyder, Can you explain why the 12:15 bar did not provide the R2R for your P2? Thereby making 12:00 to 12:55 a nontradeable traverse for our fractal. This mistake got me off seq until the final up move definitively established itself. Thanks, -A

Hey Spyder, I had a question about the up traverse we had at the end of the day. I did not see the return to dominance to complete the sequence during the day. Upon debrief, I'm assuming 14:40 provided the needed dominance to complete the sequence and 14:45 provided jokari window change...

Okay, let's think about it this way, by the end of the 10:45 bar, as you pointed out, price and volume are providing WMCN to meet the very general definition of a retrace. However, if a trader decides to act on change and reverse position based on a potential FTT, what is the specific...

In addition to what you pointed out about the 10:45 ES bar, we are also provided with some additional information by this bar. If just using ES and a trader had decided to get long on the 10:35 ES bar and then hold through the 10:40 bar, both of those decisions were based on the potential for a...

The context I'm thinking of relates directly to this issue, but I'm not quite sure it is valid analysis so hopefully Spyder will provide some guidance. It is possible to draw an up channel using the 10:40 YM inc black volume bar as confirmation of a P3, however, the previous bar was increasing...

So now on the ES 10:40 bar we've had price try to continue down, but could not get the necessary volume so we end w/ a FBP. So ES alone probably does not give us a decision on this bar, you could hold with either position. If long, this failed attempt to go down on decreasing volume is...

We've had an FTT of an established steep up channel that, as you pointed out, creates a bigger picture p3 on the YM. However, the 10:30 FTT and RTL BO was followed by the 10:32 down move on what we've already established as dominant volume. Might this move also be considered P1 to P2, giving...

Exactly, the point of needing more inc volume in same direction after bo of lateral is to confirm dominance. Those two things let us know that down has definitely reestablished dominance. It wasn't? While the move didn't last long enough to establish an up channel on the ES, we do have an...

Great, this is definitely one of the first things that must be considered with this bar. The ES shows us coming out of a retrace and heading back down on spike peak level volume, then closing well off its lows (in fact it closes back within the shadow of the 10:25 bar). If I'm only looking at...

YM

A great Lateral Formation (beginning 10:35 bar) to test knowledge of context and sequencing. You are provided valid reasons for taking signals for change or holding. Anyone want to take a shot at some Analysis of this area and the Decisions they would have reached? I'll provide the...

Three words over, but maybe the last sentence is unnecessary ... giving me the magic number.

My attempt.

In light of recent discussion on this thread, I thought I would make a few suggestions. As has been pointed out, there is a lot of information and concepts involved with the Jack Hershey Method, which requires significant work on the part of each trader to build the knowledge necessary to...

R/R made a good point in asking you about the FT3, earlier. You never have an actual FT3 where your p3 and FTT occur on the same bar - that became impossible once the bar finished inc black. The correct channel that could have been drawn would have been based on Bar 14 as your p3, confirmed by...

Hey Romanus, I'm not exactly sure what "reversal" you are trying to avoid, but I'm going to assume you reversed on the sign for change given by bar 13 or 14 and are now saying that you would not have been able to ignore the inc. red intra-bar that gave you another sign for change to get short...

Bars 9 to 13 were simply movement from p1 to p2 with bar 12 giving us increasing red confirming that down had become dominant and this was more than just a retrace. Bar 13 also took out any possibility of p3 up on the day. Therefore we are anticipating a p3 down before we have our FTT. As...

http://www.elitetrader.com/vb/showthread.php?s=&threadid=37454 Thanks for your efforts with the NT coding, that goes for LostTrader and Pepe as well. You guys have made NT quite the platform for trading the Hershey method. -A