BWolinsky Trading
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Quote from ehorn:
13 bars to first FTT... Nice call Jack
13?
The way I read what he said was that the FTT would be at bars 6 - 8, then reverse long and hold through the B2B associated with the RTL break and continue holding long till P2 is reached. Then reverse short for the retrace, 2 - 3 or more bars, and finally reverse long till the ending FTT of the first uptapey thingy do-dah.
The fact that things didn't play out exactly as he suggested is not of consequence, though with any luck, Blow-Windski dropped a wad with the misapplication of his presecient misinterpretation of JH's EOD doodle.
Memo to NYCMB: CP4 = clean page 4
A detailed look at th attached chart shows the steps that occurred.
1. Enter short on the open.
2. make the gap adjustment to eliminate it from the trading.
2a. See the close to open vertical line segment. Draw it.
2b Clone the offset to the H and L of the bar 81.
2c. Project horizontally through bar one.
3. Watch the bottom made on the bar 1 and reverse long. The volume indicates that the bar 1 will be an outside bar and therefore the bottom of the bar is the FTT and point 1 of the annotations to follow.
4. Annotate the boundaries of the B2B that has begun. See annotations on bar 1 and 2.
5. Look for trough of black volume at 2 of B2B. See bar 4 volume.
6. Look for peaking volume of the 2B part of B2B to establish point 2.
7. This is known 12 seconds into the bar 6 which is a Hershey Hinge.
8. Reverse short on the Hershey Hinge as price moves down through the open of bar 6. Hold through the red volume.
9. On bar 8 and 12 seconds in you KNOW you have point 3 and another Hershey Hinge.
10. Reverse long on the bar 8 as the price moves back up to the open of bar 8.
11. Begin the hold of the fourth move until the peaking volume has occurred and reverse short into the next R2R 2B 2R. The peaking volume is known easily by regarding the relative volume through out the B2B 2R 2B. You know the close of bar 7 is mid bar. You know a second chance is coming (there are four chances it turns out). Go to all the leading indicators of price to carve the second chance on this FTT.
If you do not trade this fractal as I do then you have just reached the first reversal after the first lego of the day. You would be trading FTT to FTT of the legos I just described.
For the OP, he does not see signals. In responding to this post, I recognize that the person posting does not trade on the fractal I posted about throughout this thread. A way to learn from what I write is to speak out loud the words. Then maybe you will, through hearing, see what you are reading.
I described and showed with pictures the first four moves of today, yesterday. Now I am describing step by step the happenings of Wednesday (today). I annotated the chart and attached it as well.
Turning to the Cash Cow. As you see the signals of the Cash Cow, from volume and indicators, are on a slower fractal.
Finally, as indicated days ago. All fractal trading cycles are formed from faster fractal legos. The lego ratio is three to one ordinarily. A B2B is one segment; a 2R is a segment and the 2B the third segement. Occassionally, in "slow" markets CP4 comes into play and the simplicity is stretched out somewhat.
What turning point have we had today that was significant? The day isn't done yet......but I was curious as I thought yesterday was the significant turning point.
Recessions going into depressions represent the beginnings of long periods of time that are difficult for the public at large.
As the economics have turned global this upcoming depression is a very significant thing. I was born at the very end of the Hoover administration and grew up under the Roosevelt administration. So I lived through, as a child, what Bernache studied. It influenced my parents and grandparents and everyone else I knew.
The War was also a time of scarcity.
Here, today, all have enjoyed the benefits of the markets since late June 2006 when this recession and depression first appeared to those who keep track of things. A great deal of money has been made by traders.
The experience for most has been the Peaking and the first move down, then a Bull retrace.
Drilling one fractal into the Bull retrace, we know it ends with a LONG "channel" fractal. Just before that there is the end of the last SHORT channel that begins the "ending" of the Bull retrace.
Experiencing the resumption of the Bear economic markets which lead into depression will be an obvious and viscious happening for those that are NOT neutrally biased as great traders always are.
For me, seeing the last segment of the Bull retrace begin, is a moment that assures me that the time will come after Labor Day when the "perma era" will be beginning. It is like what is the beginning of the creation of a generation of people that will be very biased to the difficult nature of life for the rest of their lives.
Learning that adding debt is the way to solve a debt problem will not turn out as a viable lesson. To go through this learning experience will affect many people who are not immune to the global economics.
I feel it is very reasonable to demand that integrity be reinstituted as the norm for doing business. This reinstitution of integrity is going to occur as money is taken away from people who do not get it straight as to how integrity works.
What is letting you hit the snooze button is the "very quiet" that is assembling itself. The "channel long' that follows is not going to be a "show" or "tell" to many people at all. It will just take 3 traverses, 9 tapes, and 27 BBT's plus some CP4 stretching and tweaking.
Thankyou for the explanation. As always, I appreciate the reply eventhough it bummed me out a bit.
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