Prediction is NOT part of trading to take the full offer of the market.
The sentiment changed to short on bar 78. A FTP followed, then two lat bars. No gaps to correct.
So the open is following an internal lat sequence of P1, T1 and P2. A point will appear that is an "a" turn (DOM to non DOM or a "c" turn DOM to DOM.
If the lateral continues it could be a new P2 or a first T2P.
If a BO occurs, then the lat is over and you go back to the regular routine instead of assigning a value to each lat bar in the primary and secondary sequence.
All you do is enter short @ the opening price and do the work required in the Present. At a bar lock in you analyze. this dictates whethr a decision is called for according to the name of the volume bar if the price bar has givine permission to measure.
Each information parcel is 300 seconds max and less when lock in happened.
as others explained a lot of methods do make money. they have a common thread. they use sequences and the elements of a defined sequence in any system are all defined mathematically and can be automated.
Sequences unfold.
at the end of a day you do know for certain the next day's open entry on the correct side of the market.
Lock in on any bar begins the bar's analysis. The bars analysis contributes to the sequence. the sequence can do either of two things for sertain. So you obey one or the other: hold or reverse.
all sequences end with a sentiment reversal.
The HH stuff only looks at one end of a bar so it does not work.
Relative bars are "lined up" by making sure the prior close is put at the current bar opening value. Only then does any system work without flaws, anomalies or no noise. Any of these three simply indicate that the given system is incomplete.
There is no way anyone here can give the OP the "get out of jail " card.
As you say my calls are easy for me to make.
The net today was 20.3 points pr contract. The reversl turns were on bars: 6, 35, 41, 46, 55, 67 70 and 78. This is a zig zag appearing sequence. I held through 8 turns in this process; see bars: 4, 11, 17, 25, 31, 43, and 49.
Volume is the independent variable and the dependent variable, price, behaves accordingly.
this thread mostly discusses the dependent variable while ignoring the indepeendent variable. this is a no no in mathematics for those who use mathematics as an applied science.
Does anyone know who invented the sledge hammer handle. the handle was the difficult part, I have heard.
16 tons and he still owes the company store. So why did Covell get sucked in by Henry?
