Deciphering Jack Analysis Bar by Bar ll

[FilterTip]

Tell me about it.Ok look again at b70.You got the PP2 correct.So that is the upper level correct? How do you handle PPx assignments usually? The next measurable bar? level? Also if it's a P1/T1 would this not trigger another EE on the same bar? Which EE? What kind of setup with an OB involved always trigger the PP4? Is this that kind of setup?

It's the order then that I'm not getting..

first we assign P2 to 70 and the EE PP2 on 70 ?
(Long on 70)
PPx = assign P1 to next measurable bar...
70 is an OB, so is top level the next measurable bar ?
if so assign P1 to top level of 70 ?
bottom level is T1
P1/T1 is a PP4 EE
(Short on 70)
P1 assigned to 71 ?
??

 

[workwithus]

Squished 78.
Corrected 75 (Ba) BM
PP2'd 70
I'll need to create my own "kill"..."do not post after 3am GMT..."
thx:
Edited
http://screencast.com/t/DfxjGhzA9QPJ

On b78 it's translation after the squish so advance one peak from b76.Assign first P2 on b78.This is a NO T1 situation between b76 and b78.

 

[workwithus]

It's the order then that I'm not getting..

first we assign P2 to 70 and the EE PP2 on 70 ?
(Long on 70)
PPx = assign P1 to next measurable bar...
70 is an OB, so is top level the next measurable bar ?
if so assign P1 to top level of 70 ?
bottom level is T1
P1/T1 is a PP4 EE
(Short on 70)
P1 assigned to 71 ?
??

Think about it when you get a PPx you assign on the next measurable bar.So that bar doesn't have anything assigned to it.Now back in terms of levels instead of bars. If the upper level is PP2 then do you assign anything to it? (Note the context were talking about has no other EE's involved like a failsafe which changes things.)

 

[FilterTip]

Check this out in relation to b70 Ob today.This is the only thing i can find in jack's charts. I get the PP2 it's the same as today.I not sure about the PP5b. How do we get to P2/P1? Hmm.The only way i see it is if you assign a first P2 to upper level (this triggers the PP2) and then assign the P1 to lower level so get a PP5b? Very tough stuff. http://screencast.com/t/yNKTcqvOj5W

Thought:
even though we assigned a P2 to 70, in order to get the PP2,
when it then comes to testing the upper OB level, are we in effect testing 70 in relation to a T1 (69) ?
If so, P1 is killed after a T1 ?
So Jack assigned P2 for upper OB ?
TI is killed after P2 so he assigned P1 for lower OB ?
Hence the PP5b?

 

[workwithus]

This situation on an OB i have found to be rare.Having no other EE's involved like a failsafe or you don't trigger an EE until you apply both levels.Of course it's painstaking work to really look for most OB's on jack's charts because he doesn't have every bar degapped charts.So i must devote a little time to really searching for this rare OB situation.I can't really see how PP5b is assigned.I see it as the first P2 on the upper level triggers the PP2 but i'm not sure where to go next.I believe you assign the first P1 to the lower level since its like the next measurable bar but i'm not completely sure.So b70 i would have as a PP2 with the first P1 assigned on the same bar because of the OB lower level assignment.

 

[llIHeroic]

Check this out in relation to b70 Ob today.This is the only thing i can find in jack's charts. I get the PP2 it's the same as today.I not sure about the PP5b. How do we get to P2/P1? Hmm.The only way i see it is if you assign a first P2 to upper level (this triggers the PP2) and then assign the P1 to lower level so get a PP5b? Very tough stuff. http://screencast.com/t/yNKTcqvOj5W

Another way to have PP5b:

If you have a bar with more than one end effect [more than one EE on top of OB for example], you look to the last bar and if it is not a failsafe, we have P1 assignment on next measurable bar [bottom of OB for example]. So P2/P1 if we have BM REV + PP1b or something on top row OB and last EE was non-failsafe.

 

[workwithus]

OK just found this by jack.Just replace today's PP2 on b70 for the PP1 on that day.

As you can see bar 81 is also a P1.

The chart is degapped for considering the "carry over".

as seen an OB occurs. So divide the log row into upper and lower horizontal levels.

Do the volume test for the upper level. You get P1 with acceleration.

Look on the PP EE sheet and see it hs a name: PP1. place PP1 in the event column. In the rightmost column write Go Short.

Note that on the open of bar 1 you entered the market long as part of the carryover sentiment.

The lower value of bar 1 is completed in order to fill in the context of bar 1 so this context can be used in the future, relatively speaking.

Since an EE occurred on the upper level of bar 1 AND the band was a PP band, no P1 is assigned on the upper level.

P1 IS assigned as the OOE that occurs to name the lower level status. you may have to think about the fact that this is the only possibility and that you no longer make up or invent things to do inplace what exactly what is to be done. this is a new mental attitude and is time consuming to adjust to especially if you are plagued with a mind that is on the loose occasionally. Place P1 on the lower level of the events column.

http://www.elitetrader.com/vb/showt...733&perpage=6&highlight=modrian&pagenumber=92

 

[workwithus]

Whole day.Carryover is looking for T1. http://screencast.com/t/RImcDkfxl

 

[workwithus]

If an OB shows up in a translating situation then you just assign the next volume element in the OOE's sequence.If nothing triggers on the upper level assignment then you assign the next element to the lower level.This situation triggers a PPx EE except if the OOE's is only at first P1 or T1 when you start and the OB bar has lower volume.In this exception you get a T1/P2 two level assignment that doesn't trigger a PPx EE.Here's a couple of examples. http://screencast.com/t/8YBocysVAr http://screencast.com/t/kN8oFwA8Uv http://screencast.com/t/9Wg0elunkr

 

[workwithus]

If an "OB" shows up after a wait bar we have to squish the bars and see if the "OB" bar is really an OB.Many times what looks like an "OB" at first turns out to be either another wait bar or a translating XB or XR.If the "OB" after squishing is a translating bar then technically it's not an OB and doesn't get a two level assignment.If after squishing it's a wait bar then no assignment occurs on this bar.Here's an example on 12-17-13 on b73 of an "OB" after squishing (it's a stitch down on decreasing volume) becoming a wait bar. http://screencast.com/t/lMKlPjVApy5l http://screencast.com/t/QNrNc9fO78