You are an abomination to this board, you jump into good discussion threads, uninvited, and begin to spit your saliva, derailing good discussions into total garbage.
On top of that, you take pleasure doing so, the hobby of a very sick man.
Are all price patterns the same? (examples)
- Thread starter 1a2b3cppp
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You are an abomination to this board, you jump into good discussion threads, uninvited, and begin to spit your saliva, derailing good discussions into total garbage.
On top of that, you take pleasure doing so, the hobby of a very sick man.
Jack,
Do you knowv you are a joke in ET?
You nail the right point. He is sick.
His behaviour remind me the old, drunken, mental sick homeless man that keep on wonder outside my old firm, who claim himself a "billionaire". This poor old man used the exact same wording as jack, and honestly we felt he was quite a good entertainment especially after a hectic day.
Quote from oraclewizard77:
Good advice. Also, ask yourself these questions:
1) Have I graduated college?
2) Am I am to comprehend books about trading that I read?
3) Am I able to open a Sim account and practice what I read here or in books?
4) Am I smarter than a 5th grader?
If you can't answer these questions, maybe think about an exiting career in the food services industry.
1) I've graduated from college.
2) Yes. I had a library full but sold them all because they were all worthless once I got past the beginner stage. Cherry picked charts with indicators. An obligatory chapter on psychology. Money management, never risk more than 2% of your account on a trade. Stop for the rest of the month if your drawdown hits 6%. That kind of thing.
3) I'll assume that wasn't a serious question since I have made more than one profitable journal thread with live accounts, real time calls and P/Ls.
4) I am a fan of that show!
Jack,
Thank you for all the posts. I am working through them (this will take a while) and I do understand that they are sufficient to sort out the region questions.
In my 3 ring binder I do have a sheet for each End Effect in my collection. I cut out examples from your charts and I also cut out NOT-examples (the ones I thought should be a certain EE, but are given a different label in your charts).
Sometimes I have more sheets. For instance in the case of PP3, apart from "PP3 examples", "NOT PP3 examples" I also have "PP3 that looks like PP2 examples". In some of your charts you use PP3 to label a peak falling between two T1s, which usually is labeled PP2. Perhaps PP3 is a typo there. Or perhaps not.
You also put a line on top of "PP3 looking like PP2"-bar. Sometimes it's green (P2). Sometimes it's magenta (P1). When you label the usual PP3 (i.e. trough between two initial peaks) you don't put a line over it. You go to next bar and then Assign P1.)
I know that taking your examples is not really "my collection". To deduce arrows for my quiver I've written a program that works off charts similar to OTRs. My program doesn't care about time but I want it to care about volatility (I know you see this in OTRs through vertical 5 min markers). It starts to construct a new bar when a period of uninterrupted translation in one direction is broken. So in my bars: open = high or open = low (same for close). I automatically squish shadowed stuff (and disregard lower squished volume) so I only see strings of XBs and XRs. I feel that at this level I should have fewer EEs to work with. For instance I have no OBs hence no PP4, PP5 and PP5a.
My program also computes adds and deletes from DOM and T&S data. I can SEE some of the things you and mak said about minority. But I have not yet connected it to volume troughs and peaks, which I know is necessary. So the pulls I see quite easily but the walls so far I see only superficially. I know about reds, oranges, yellows and greens. I'll get back to all this once I sort out volume related OOEs.
Although I understand that you provided all the things required (not only in this thread but also many times over the years) I could use some help with one of your charts that is really bugging me.
Could you walk me through it? It's 11dec2012 am (see attatchment).
As anyone doing the work knows interruption of an internal would kill a PP2. Lets look at influence of interruptions for PP6. While helping frenchfry you showed him a PP6 (without calling it that) and said that interruptions do not kill in that case. However, in all other charts that I can find you seem to always label PP6 (or PP6a) when there are 3 uninterrupted troughs but never when there is an interruption.
In 11dec2012 am after PP6a you assign P1 and then you get furthered P1. So why is the T1 falling between the two not a PP3 here? Since EE test is before volume category test something had to stop PP3 from going further down the funnel. When did that happen? What is the minimal number of things that need to be taken into account while testing for PP3?
Also what surprises me about this chart is that previous T1 is higher than T2P and T2Fs. It conflicts in my mind with doaks last attatchment and intuition about Ab LVBO.
Pink rays are P1's.
green rays are P2's.
When you have two P1's a T1 can appear in the band made by the P1's. A call this "between the high and low P1" this is an end effect I try to always label PP3.
What comes after and P2 that is less than the P2 and more than the most recent T1 is called a T2P. It is the beginning of the third price move in a trend.
Now for the PP2. It falls between two consecutive T1's.
The PP's come in 6 forms. So I numbered them 1 thrugh 6, sometimes there are variatons that are quite similar. I put a through d or so for these neighbors that are "in kind".
The PP1 is three of a kind and with acceleration.
So there are four of these. they are all during a "peaking" period.
PP1 is three accelerating P1's. (Pink rays)
PP1a is three accelerating P2's (green rays)
PP1b is three accelerating T2P's (red rays)
Nice work.
I appreciate your work effort. thank you.
I hope galvinlee reads this.
To reply, I made a print and studied your comments.
Keep the concurrent OOE's in mind.
TN has an incomplete plaform. I have to work around this incompleteness. they have a fear that if they complete the requests made of them, then the resulting service will allow subscribers to sell methods that are NOT part of their libraries.
AI is the future for trading.as you point out.
I do mental work arounds for the TN "failings". I have to have a column on my log for "degapping" bar to bar. TN does this for quarters and for day to day but they will not spend programmer time to correct their lack of bar by bar failure to degap. I have about 25% of all the functions known and not known to TN staff and owner. I use these regardless of the "degapping shortcoming". Other platforms have moved ahead and done the degapping.
So degap all bars.
Second.
The resulting 10 cases for price are perfect for AI use. the eight cases that are not defined as "trending cases" have a broadbrush caveat. It is this AI statement. If the second bar is larger, then it counts in the volume testing OOE. You will see "u's" on most bars. The equations for the "u's" is a two bar comparison of the first and second bars of RDBMS thinking. In SQL, you can put all of the math of SCT in one table of cells.
"u's" stand for the term Use Larger. I added a UL column to my log so I can place a check mark there. If I review later, the check mark is an automatic notification to my fully differentiated mind.
At this point all of your questions have dissappeared. BUT I will continue to help you proceed to expert from intermediate as an example.
Lets go to Band A. there is where you find Ab, LVBO. BO is a tem for going "beyond" a boundary. All volume boundaries are vertical bands and NOT horizontal bands as FrenchFry keeps "improving" the SCT process by switching from vertical to horizontal. He is describing "timing" of usage as he sees time passing. His last pic showed band "C" after the end of a ternd he defined; this defies logic.
galvanlee or equivalent has hectic days so he entertains himself with old homeless people's narrations. In my case, he does not know he is being filtered out of my environment.
band A has two kinds of end effects: those in the band and those "out of the band". BO describe going out. the side is either LV or HV.
band A has a lower boundary; it is the T1 boundary.
events bring A band into effect. A P2 causes band A to come into effect. Henceforth there are no new T1's in the ensuing trend.
this brings up the "gating and killing aspect of SCT. SCT got its name from gating and killing principles. SEAMLESS and CONTINUOUS are two steps forward and OUT OF CW.
Galvinlee has "hectic"; so he seeks "entertainment from the less fortunate. SCT has SMOOTHNESS so it takes to full offier of the market.
Now you are adding the AI to create a Dusenburg for Daisy.
Like all good stories AI brings gating and killing to the supreme level of effectivenss and efficiency.
Here is the picture of how CW's "reaction" becomes the SCT's anticipation.
trends come in two zones: FBO's and Completions.
there are two sub parts of each.
they are as follows:
Sat A is the consecutive "c" to "c" turn.
Set B is the "c" to "a" to "c" sequence.
after these two FBO's comes the Completion type trends"
Set C is the normal trend which goes through the C to a to b to c loop in three moves.
set D is the drifting trend which proceeds as C to a to b to a to b.......to a to b to c. There can be just two a to b's
the above is NEW to the World. It is uber definitive.
Anticipation, from now on, has a new meaning. Henceforth anyone whose mind is expertly differentiated can know two moves before a trend reversal that it is coming. Intelligence is the topic. So now we can use AI to help those who need more than their available brainpower.
If you see trend from a monitoring and analysis viewpoint, then you have a degree of intelligence. If you do trend following you are just reactive and always behind the 8 ball.
I gave the OP a tool to do this and he didn't. the sheet is where the events of the day are listed and the profit segments are calculated daily.
It is also where the four sets, A, B, C, and D, come from by doing analysis.
a normal trend is in the C set. It has a "b" then has the "c" turn to end the trend. In the D set the a to b repeats. thus elongating the trend. For example in an extended drifting trend the most common pair is the "failsafe" pair: BM, REV to BO, Ti pair of turns as defined using EE's.
the four sets are just all the pairs that define the last two EE's as specifc types of the four types of trends that are possible.
So probability, is now gone from trading. I participated in a probability thread where I showed all of this before with specificity. Naturally, I was introducing the 100 percent type of probability. The intellect of ET prevented this record from not being expunged.
thus if you are in a drifting trend and you see a "b" turn designated as a BM,REV, then look for a "c" turn which, if it is BO, TI, then you can bet with 100% probability, you must take profits and reverse to begin a new profit taking series.
as the sheet I gave the OP shows, it takes several bar by bar observations to create each of the above mentioned EE's. the toal ofr two of them is more bars. so a lot of the time you can know you know a reversal is comming up well in advance.
Lets look at galvinlee. She is prevented from having this state of mind. She has buddies. Read the mystery "Balck Friday" by Sears to see the junior trader group behavior in the NY area.