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Quote from jack hershey:
Thanks for the chart.
All price bars have to be degapped to annotate.
The gap is only between the previous bar close and the open of the new bar.
De-gaping could mean:
a) I simply adjust the open of the new bar to the close of the previous.
b) I move the whole new bar the distance it needs to adjust the open to the previous bar's close
The problem I see with b) is that I'm altering the high and low. Therefore creating new formations.
Quote from jack hershey:
as you see in the Pattern" there is the obvious TRAP the OODA CW people fall into.
What separates the men from the boys?
The proof is found in the nesting of "The Pattern" halves of the cycle of trading. A cycle is a long then short or a short, then long.
I have posted this train of events many times and it is never understood by most.
I feel a person can work and discover as the best way to move ahead on the path to full mental differentiation.
The order of the 6 events of sentiment could be the neutral turf upon which to begin.
Task 1. write down the dominance of sentiment in a tend from beginning to end.
Task 2. Write down the dominance of sentiment in the next trend from beginning to end.
This is tough. It requires a sheet of paper and a crayola or two. If you are studoius use crayola colors to indicater both the trend vector and the dominance vector. you will need four crayola's.
The crayola company was owned by a famiily. They lived and sailed out of Old Greenwich. Their children when to local private prep schools. So I got free crayola's and paper. Lindbergh's youngest daughter was in the same class.
Number and date and initial your sheets as you work to the solution.
Most people are afraid to do this.
here is a four color illustration of a long followed by a short.
long
short
long
An end effect occurs.
short
long
short
Imagine you are a CW OODA potential trader.
You trade up and down and use entry exits.
There are three up and downs shown
Up Down
Up Down
Up Down
first trade: you enter and set stop: go to BE and set trailing stop; stop gets hit on down above BE.
second trade: you enter and set stop; stop gets hit for a loss.
you feel bad. you remember the second trade more intensely than the first trade.
third trade: you enter and set stop; stop gets hit much faster than the seond trade.
you look at your plan. You decide to not get hit too soon like you did on last two trades.
Wash and rinse.
There was no recognition that a trend has three moves.
Here you get told a trend has three moves for a trend cycle to occur. You do not believe it and go your way.
PEP follows the pattern. All its applications do too.
A CW trader does not know the difference between a retrace and a reversal. he doesn't have the math coded either.
A CW trader keeps washing and rinsing. he keeps fooling around with his money mnagement and his protective stops.
90% of CW OODA traders are only trading for a while. they open accounts use up the capital and close the account.
they save to start again.
they refill their accounts.
they run out of money before they run out of time.
At some point they leave trading.
survior statisitic stink; losers get counted once. winners get counted over and over since they are still trading.
try 55 years of doing something the wrong way.
I took my inital capital out when I doubled it. Why? The reason is that I have traded on profits only for a lot of years.
Enter; hold through retrace; reverse on dominant to dominant; hold through retrace; reverse on dominant to dominant.
Waht is the retrace secret?
It is the volume trough between point 1 and point 2 of price.
waht is the clue on point 3's: they are on troughs between point 2 and the FTT. the end of the third price move is a Failure To Traverse the PARAllel lines of the boundary of the trend.
As is said this is jabberwokky. I person saying this cannot make it to dummy.