Quote from frenchfry:
Looking at some charts I can see this:
1. Stiches seem to always have the second bar with DECREASING volume. Shouldn't have opened my mouth... just after I changed some chart settings suddenly two exceptions jump directly to my eyes. OK... change ALWAYS to MOST OF THE TIME.
2. FTPs, FPBs and Hitches seem to have most of the time DECREASING volume in the second bar.
3. Laterals seem to be either dominant or non dominant.
4. Outside bars have dominant volume most of the time.
How does this help me? Can't answer you yet, but at least I see "most of the time" which means that I can now look at those situations where the rule does not apply and see what happens instead and why.
Another question...
When we look at two bars and they create a "translation" then we look at both price and volume. If we have one of the other cases (i.e. sym, FTP, Stich, etc.) then we are supposed to treat the two (price) bars as one bar. In addition we are supposed to "hold", "wait". But if I look at one of the drawings above then the same thing doesn't apply to the volume bars. The two price bars are treated as one price bar with one open, high, low and close created with those bars but the two volume bars are not grouped together. Why? In fact none of the cases mention volume.
Oh... another question...
The cases don't have an open or close which could imply that it is not important. Looking at "translations" we have to look at the highs and lows to created the container, to determine sentiment. In "Cycle 1" the orientation is however "open-to-open" to determine sentiment. Somebody else mentioned: "First highs and lows, then open to CLOSE". Am I mixing things up again?
A nice reflection.
Your job is to keep logging and run a journal triggered by emotions of fear, anxiety and anger. The second half of the entry is to make a reasonable change in your approach. this iterative refinement chips off sharp edges at first and later on polishes the belief system you develop.
By adding those two flags (open and close) you get to see the way bars form and under what changing circumstances the market migrates from one condition to another.
It is so very important to make the discovery that the market does not "jump around" but instead is bound by reason to do it by morphing from one status to another.
I have a friend who is a violinist and he "fiddles" I always admire the talc here and there and how a few horsehairs go off on thier own. All the microscopic grabbing of strings and giving them shot of energy makes "music" where nothing is just jumping around no matter what the metronome would say and no matter what the sheet music would say.
A melody is in our minds because we have memory. The melody of markets "plays" and we "anticipate" that the order of events is working.
Trading is a melding of principles into a stream of event behavior; As expert traders we have fully differentiated minds that summon the one to one corrospondence of what is sensed with that specific inference which applies.
The fact tha a day's trading is 10 to 12 pages of logs is simply the score written by the market for the day.
It the old days, occasionally, I would give traderzones a run of up to the next 20 trades of the next day and associate the times when major happenings would peel out of the bell tower.
You post is a tsory of your mind at work. you have many pieces; you are forming them into chess pieces that you can use according to the principles of succeeding at chess and a finite mathematics game composed from a given granularity.
Carve and sand and polish. Add utility to the players. Make all the pieces work together to form the whole.
Do not put paper slips with words on them and attach them to the chess pieces.
you have translation as X red or X black; these can flow one after another or yellow boxes can let two bars form into one bar everyonce in a while. Boundaries get shaped by these elonagations and pauses and they serve to form profit segments of the pattern.
To speak brutally, use TN with all the libray tools or use another platform and add the snippets to make that platform perform to your liking. Go first class where all costs of trading are neglibible.
Swing over to the dominant only trading on the cycle 1. then with all those nodes covered by extensive 3x5 cards, slip to cycle 2 and add non dominant trading. then in cycle 3 add trading long and hort patterns using both the dominant and non dominant aspects of cycles 1 and 2 repsectively.
I you want to pop ahead grab the Stratech/Squeeze tooling after you do all five cycles on both ES and in cycle 6 use YM as a leading indicator of ES.
After that tool up with OTR charts for both YM and ES. by using cycles 1 through 5 on each of those charts.
after while thow in the DOM and use the "WALLS" as the preannounced turning points for each extreme value of each and every profit segment.
!0 cycles can be integrated so so far past what you think your mind can do at this moment.
As Dan Quayle once said: "The mind is such a beautiful thing to waste" Waste your way to riches using the 10 cycles.
Two screens with all the panes is like having an orchestral telegraphing you the market's moves in advance. All you do is press the keys on the keyboard or mouse up the icons and watch the gas tank fill up with money.
Stay on the correct side of the market always and simply take the offer segment by segment.
First you set up your computer to be able to see the market.
Image the Stretch /Squeeze is telegraphing you the smart money running ahed of the market. Then imagine the DOM is showing you the wallls where the turns occur as the contracts are eaten down to zero. you press a key or hit T with the mouse. Partial fills zing into your print pane and fill up you profit segment and then begin the next profit segment. You add a contract from profits evry 30 points of profits.
the P&L shows 60 days for the first five cycles. you took 5K to 3/4 of a million if you got the pieces of inference in your mind to have it differentiated to match inference to sensing as the day goes by and you log. Logging is a secret remedy and potion tha makes you wirte symbols for happenings in the order of events as they occur.
Make a log. Make 12 copies. Find out where you can't fill in the log with a symbol. create the symbol. make the rows of the log read like a music score of what the market offered. Use the mouse to hit T to make money from time to time.
"Just Do It" Make messes each day. Then make less messes. Then don't mess around.
It like everyone says "I can do this once I figure out how to avoid doing the work to become expert."
