ES Volume Leads Price

Thank you for the thoughtful reply, but I am neither thinking nor trading on that scale. I am merely attempting to reverse the industrial revolution in the sense that I want to be my own little cottage industry, metaphorically cobbling a single pair of shoes each day. I have neither the time nor inclination to read as widely as you do. My reading is rather simple: the tape, or more exactly, visual and sonic representations of it. I was in an NQ trade the other day which stopped in its tracks with no discernible reason that I could ever find: no fib, no intraday S/R, no long term S/R, no clear SCT pattern, no extraordinary dynamics, no news, it just fucking reversed. Seeking subtle cues to understanding and acting on such events is what I spend what little intellectual horsepower I have left on. Sorry, Jack, I tried. You are in a different world, which must work for you. I prefer to be the mouse which outwits the trap to get the cheese when no one is looking.
 
Quote from jack hershey:

To make up charts to show an algorithmic relationship which is, in fact, true, you can use any chart.

Maybe some will be posted.

By starting with five or ten common price, volume patterns it will come out to be quite easy to do.

Do these three first:

FTP

SYM pennant

FBP

Again by doing these you easily see the mistaken algorithm does not work. If it did then all pennants would go into short trends on the BO of the pannant.

This makes the use of the mistaken algorithm particularly stupid and dumb as a practice.

7 more common patterns to go.

Why not throw a few into the picture to help get the mistaken algorithm off the table.

After the paterns we can look at indicators and their signals and see more and more about how these standard indicator signals do not work.


After that we can review about 80 edges that work in ways that are contrary to the mistaken algorithm and just about call it a day.

Once it is clear that the thread had a false start we can get down to business and post the precise algorithm that works in all markets on all fractal
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All those patterns are simply shadows of bars 7-9 times higher in time frame.

Head and Shoulders are pivots
Flags/pennants are Inside bars
Double tops, bottoms are two bars with same highs/lows
Expanding tops are an outside bar or bars
Triangles are pivots with an inside bar.

If you see a pattern change to the time to 7, 8 9 times longer and see what I mean.

John
 
Quote from jficquette:

All those patterns are simply shadows of bars 7-9 times higher in time frame.

Head and Shoulders are pivots
Flags/pennants are Inside bars
Double tops, bottoms are two bars with same highs/lows
Expanding tops are an outside bar or bars
Triangles are pivots with an inside bar.

If you see a pattern change to the time to 7, 8 9 times longer and see what I mean.

John
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Of course and this is why these fractals are not used for making money or the application of algorithms to serve making money.
 
Joe Doaks

KISS............Even Art Cashin, the guy on CNBC says: "We all know it is the second mouse that gets the cheese"

KISS, works, let others think they can reinvent the wheel and drive themselves goofy trying to win a game of probability with useless acronyms they are just what we all know as regular technical analysis.

Why use acronyms for others copy writed material that has been around for over a 100 years? .. :eek:
 
Quote from jack hershey:

Of course and this is why these fractals are not used for making money or the application of algorithms to serve making money.
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Don't think they are fractals. Fractals are identical patterns. These common patterns in any time frame are coincidental and stem from larger time frames.

John
 
I was the subject of much ridicule by the forces of anti-CO when I propounded an alternative vision of "volume leads price". At 11:40 PT today I was vindicated. See the green vertical line on the attachment.
 

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