Charts, level 2 or both

[hkrahra]

No answer?Ok,why refering to things that do not work?

 

[hkrahra]

Quote from hkrahra:

No answer?Ok,why refering to things that do not work?

Jack dont you know that refering to BOes you actually refer to price action?I`m just trying be honest here.Dont you think McDull do not deserve the honest answer??

 

[mcdull]

Quote from jack hershey:

Look at a chart and discern that a retrace is on the LTL (at point 2 of an annotated container) and a reversal is an FTT (and it is after point #3).

Lets look at what happens after a trough. A series of increasing bar volumes follow.

If you see the delta volume getting bigger, you have acceleration. On a good platform this is annotated as an annotated P automatically. So three volume bars are involved to get a P.

Peaks are volume bars that are highest among the surrounding bars. The PRV was invented to tell you how a new volume bar is forming from the beginning of that bar.


Naturally, anyone who is a coder can turn a manual process into an automated process. "The Pattern" is how all markets operate, since there is granularity in markets. In "the Pattern" you see specifically the arrangements of the peaks and troughs in relationship to the price events.

This represents an Order Of Events. If you log 5 cycles of the market, your mind will automatically begin to have Perceptiion the sum of two things.

Sensing a display is NOT Perception. Your post is a great one and shows that you are on your way to success. The questions you ask are an example of a person who is filling in the weaknesses between parts of the spectrum of long term memory inference.

Suppose for a moment you are coding "the Pattern" and you are scheduled for an interview with Covel. You are going to explain to him how you set up the three peaks and the two troughs in a trend going from the exact beginning to the exact end. You will also be noting the three points and the FTT of this coded trend. Don't leave out the BO of the RTL that ends the trend ovrlap.

Hi Jack:

Thanks! By the way, I drew a few days OHLC charts on A3 graph paper during new year and I found the following information very useful. By drawing the bars, I found something subtle. I would never notice that little things if chart plotting is done by PC.

Really appreciate your help.

In those days tapes were made of paper and long legged air headed girls pulled pieces of tape and strode to steps leading up to a chalk tray. They bent forward and, on high heels, picked a color of chalk for noting the adjacency of price and volume. Arrows were used along with redundant color for the audience (some who would feel I am a shithead (wealthy though and mysterious besides) to make judgements upon. Personally, I liked all their stroking in my direction. When they stroked the other way, I traded and used cigars to express myself. (Google Clinton).

 

[nakachalet]

Quote from mcdull:

Hi Jack:

.... I drew a few days OHLC charts on A3 graph paper during new year and I found the following information very useful. By drawing the bars, I found something subtle. I would never notice that little things if chart plotting is done by PC.

Really appreciate your help.

....In those days tapes were made of paper and long legged air headed girls.... (Google Clinton).

hi 21st century traders:

only a bigger fool COULD fool himself/herself or other fools....

by believing that by going back to handdrawing or handwriting that it could beat the digital tools in terms of orderliness, clarity, speed, proficiency and profitability....

dream on little fools and bigger fools, whoever you are....

your time would be much better spent.... perhaps, selling your handwritten or handdrawing charts and some other digital pencils on the northwest corner of the 42th street.... L O L

with all due respect, sirs and madams, to those who disagree with my one-sided personal opinion heavily in favor of everything digital in terms of trading....

regardless, have a wonderful new year, everyone. and also wishing everyone good health, wealth and abundance of personal happiness as well.

 

[jack hershey]

Quote from hkrahra:

Jack dont you know that refering to BOes you actually refer to price action?I`m just trying be honest here.Dont you think McDull do not deserve the honest answer??

I guess your posts are intended to convey humor. Good for you.

I particularly liked your helpful post to McDull.

FYI all trends have ended at the point where a BO of the RTL has occurred.

A FBO comes later and adjustments are made then.

At any rate the prior trend profits have already been banked.

I trade with regard to the P, V relationship. PA is a subset of the P,v relationship.

It is very commendable to be honest when you post.it is even more impostant to be honest with yourself when you trade.

Morge is a very good reference for you to read. aside from being a well know trader, he also does his charts in real time using a pencill. the ohuse is usually packed when he speaks. f he is on a panel, other panelists respect him I

 

[hkrahra]

Quote from jack hershey:

I guess your posts are intended to convey humor. Good for you.

I particularly liked your helpful post to McDull.

FYI all trends have ended at the point where a BO of the RTL has occurred.

A FBO comes later and adjustments are made then.

At any rate the prior trend profits have already been banked.

I trade with regard to the P, V relationship. PA is a subset of the P,v relationship.

It is very commendable to be honest when you post.it is even more impostant to be honest with yourself when you trade.

Morge is a very good reference for you to read. aside from being a well know trader, he also does his charts in real time using a pencill. the ohuse is usually packed when he speaks. f he is on a panel, other panelists respect him I

"FYI all trends have ended at the point where a BO of the RTL has occurred."

Its true,but what is happenning in between?FBOes-FBOes-FBOes...all the time.I agree with your 'carving the turns' idea,but why spend time on BOes?Do they have only illustrative purpose?

"A FBO comes later and adjustments are made then.

At any rate the prior trend profits have already been banked."

Can you please elaborate on these 2 statements?For e.g.What kind of adjustment?Prior trend profit?Prior to what?

Thanks

 

[Paddler]

Quote from hkrahra:
"FYI all trends have ended at the point where a BO of the RTL has occurred."

Its true,but what is happenning in between?FBOes-FBOes-FBOes...all the time.I agree with your 'carving the turns' idea,but why spend time on BOes?Do they have only illustrative purpose?

"A FBO comes later and adjustments are made then.

At any rate the prior trend profits have already been banked."

Can you please elaborate on these 2 statements?For e.g.What kind of adjustment?Prior trend profit?Prior to what?

Thanks

You don't sound like a detractor. Amazing flip, LOL.

All his followers who work and think critically should know the answers you are seeking. The only difference amongst them is on the ability to carve turns with appropriate tools. But here you want to jump into the money immediately, hehe. I can guarantee you that the answers will make your brain spins as your mindset is a simple simon.

Don't try as you will get hurt more. My two cents.

 

[hkrahra]

Quote from Paddler:

You don't sound like a detractor. Amazing flip, LOL.

All his followers who work and think critically should know the answers you are seeking. The only difference amongst them is on the ability to carve turns with appropriate tools. But here you want to jump into the money immediately, hehe. I can guarantee you that the answers will make your brain spins as your mindset is a simple simon.

Don't try as you will get hurt more. My two cents.

pupke