Exact Science
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Jack,
I have a question on Cycle 1. On your chart, P goes to E which goes to F or G. But by the time we are at P we have already passed the F or G test and I don't understand why it must be passed again. P to E to F, for example, would require yet another color change. To me it looks like P should go to Q and then to R or S. What am I missing? Thanks.
I have a question on Cycle 1. On your chart, P goes to E which goes to F or G. But by the time we are at P we have already passed the F or G test and I don't understand why it must be passed again. P to E to F, for example, would require yet another color change. To me it looks like P should go to Q and then to R or S. What am I missing? Thanks.
Hi frenchfry,
Do you mean this one for better MADA instructions? ---
http://www.elitetrader.com/vb/showthread.php?s=&postid=3029998#post3029998 page 54 on this thread
Happy MADA!
Not necessarily "better" but if you use the first version together with the "3x5 card" version then you should be better able to follow the whole flow chart. Especially if you also use the new flow chart and additional sheets that he posted together with the "3x5" card instructions.
When a person is front running, it is a good idea to keep track of the order of events bar by bar. All the waiting is done on bar n; entries are on bar n+1. It continuation goe as far as another bar, then and n+2 or greater can occur.
By taking actions on beginnings of bars (enters) there is a font running advantage,
During the taking of profit sedments we also consider optimizing carving the turn, The PRV gets us data for entry, Lockin holds us in later ib a bar,
When PRV drops below lock in we are freeded to get prepared for our next entry.
You bring up the nuance of a DOJI action calling for a new profit segment getting under way, n+1 is the bar name where this occurs, The DOJI test assures a sentiment change (color) as well.
Usually this intrabar reversal continues with a following dominant "continuing" bar @ n+2.
The N DOJI bo x does have "Fails" and thus no color change ae the feedback takes you to E and not through F or G. You are at E and you go forward if the sentiment changes on the next ba or the next bar goes non dominant.
Hi Jack,
I'm studying Sheet 3 letter by letter. A few questions regarding nodes in the sheet---
1. Is the big letter on the left side L ?
2. Does the two small letters above the assumed L represent L.I ?
3. Is the letter which looks like an upside down apple or pear Q?
4. Does the notes lock in or above, above trough= lock in or above trough? I see two ABOVEs.
Pease check the attachment.
I used paint to clarify.
In the first version, we delt with the differentiation of the meaning and critria of the lines by doing the laps in :group talk.
Next we dechunked the concentrated materila and wrote on the lines the criteris, We also kept adding to our 3x5 cards and ultimately pasted them into full pages in a three ring binder.
For example, to get to J from F or G you got through H whereby there was no lock in AND that volume was below the proir trough, These are two "context" items.
The ten cycles are basd on logic. You, for some reason, have sidestepped logical thinking and are creating word combination for some usage of your own.
Sheet 3 is a specific explanation of all the decsion points to get through 1 bar of 81 during the day. The terms and symbols used are to facilitate orderly thinking for a dominant bar. The bar can have three outcomes (much different than up/down and unrealiable probabilities.)
Notice nothing happening is L to Q just making money. All other routes have profit taking involved by precise timing during the formation of the bar.
Flow charts must be tough for some people and most people don't ever create them.
L. I. stands for lock in.
For a dominant bar to exist it has to be greater the the prior bar, We know as the bar begins if this is true by looking at the PRV height behind the actual volume forming. At some point the actual volume get to an equal value the the priorbar........or PRV fates and it cannot or PRV and actual comes blow the prior bar a few seconds before time runs out.
Most traders trade a bar behind price since they do not have PRV.
We log lock in as an L node and go to Q to get ready to do n+2.
If lock in does not occur then we exit under one of two contions.
Doji can occur at anytime of a bar, They come from an ALPHA stauts or a L status. nodes M to N show this path. This handles sentiment change on an intrabar basis.