Quote from jack hershey:
sorry about thr delay in answering.
I inserted the DOJI in the volume chart the show that timeframe based charts do not have ends of doms or non doms at the ends of bars. A DOJI is the IBGS bar and looking at price shows where in the bar the volume shifts from dom to non dom or vice versa.
There are several aspects of the test that make it unequivacle. As many know a DOJI opens and closes at the same price BUT the BBID and BAsk are not on this value during the time of the whole bar. When the price moves through the open exapanding the bar it then has the potential to be a DOJI. When it comes back through the open and goes one tick further, a second yest situation could occur sunce on the first past through open a "color change" type IBGS event hapened.
People often complain about the trading cost of keeeping on the correct side of the market. So I put in the exit of the DOJI box after the test is complete and you go to a place that reset the bar count and what is at hand in that venue. This venue is all related to volume. As you will notice cycle 1, cycle 2 and cycle 3 all have this addition of the DOJI for gaining experience, respectively with dom, non dom and finally the combo of dom and non dom.
Post cycle 3, and doing the drills of cycle 4 through 10, you do nothing reqally new in staying on the correct side of the market but you do address effecxtiveness and efficiency of extracting the market's offer by using additional tools.
The Exact Science" nature of the market comes into view with the addition of knowledge and skills acquired through expereince.
What about those who are CW oriented and not getting the opportunity to gain knowledge and skills through expereince? The financial industry is NOT oreinted to taking the market's offer nor profiting from the experience of mind building. Look at covel's most recent critique of timing entries and holding subsequently. He introduces money management and portfolio management are a replacement for trend monitoring and analysis (done scientifically). This is the back bone of CW and CW perfomance shows the consequences. (see trend following research thread for last few days of posts).
Shouldn't we get a non-dominant move after a peak?. You have saked the question of the century. I have commmented for years and years to make the point of stating NO.
Up/down traders of CW also have an entry/exit orientation. Xyxles 1 through 10 depart from both. Hold/reversal replaces entry/exit. Trend monitoring and analysis (NOT trend following) has a left/right orientation.
Please, now and for the future, grasp that tends are build of THREE MOVES. TREND MOVES HAVE AND ORDER OF EVENTS. tHE ORDER OF EVENTS IS MEASURED IN A DATA SET OF CHARACTERISITCS.
Look at these characterisitics. Consider sentiment. Review dom and non dom. Look at trend overlap.
I will do that also just below.
A trend has and overall sentiment. the movements in the trend have two sentiments in parallel with the trend sentiment. The middle move is the opposite sentiment.
dom and non dom are identically the same and volume based. The order is dom, non dom ,dom.
Tend overlap only exists for part of the first move of the three moves. this is probably why CW based BO trading became so poplular. It is also an important consideration for knowing that you know ar the begining of a move whether it is either a retrace or a reversal.
Tend reversals begin trends and retraces are just another name for the middle move of a trend.
Alll of this post is filled with nuggets and jems.
Trading experience is what allows the potential trader to "put the pieces together". You can do it in either 40 days, 10,000 hours or as in covel take a trip of "eight hazardous years and not get it done at all. I recommend doing the first 5 cyckes in 6 days and taking 5,000 dollars to 3/4 of a million dollars. (See provided Excel). Log as you go to cement the trip in your mind permanently.
"Also, after Z, where do we get the reference volume bar to know whether we have a dominant or non-dominant move?"
Check volume. dom is increasing and non dom is decreasing. Xyxle 1 keeps you in the market for dom and cycle 2 keeps you in the market for non dom. That the purpose of all thos boxes with the alphabetical labels.
A person either does the work or not. Interviewing other traders is not doing work it is just hearing CW repated over and over. Move out of the baox and do the work of the 10 cycles and see the exact science of the market through theory and through the use of tools.
Quote from SnakeEYE:
Jack, is there need to deal with partial fills when you are at 50 contracts(non-dom trade), or it`s just ok to enter 50 lot a pop?
tnx
Quote from Trend Following:
Run, don't walk from this gibberish.
Quote from jack hershey:
50 contacts a pop works quite well. If you re doing a multiple of 50 ,you can stay under the radar more easily if you do multiple pops.
Who makes surveying process?
Carving can be both ways. Since I reverse trade, I consider leaving the order level at 50 and do the exit and rentry as two pops (pop pairs).
If you are dealing with multipes of 50, then you keep doing pairs of pops to eat up the total hold ser of contracts.
Do you scale in or scale up, or both?You do not use limit orders,right?
When trading point to point on patterns, coming off the LTL is more "spikey" that coming off the RTL. I watch the OTR and space closer together on dom to non dom trades (LTL'd and VE;s) and conversely on non to dom trades a spread the partials out more.
When point to point,LTL is more ''spikey'' on the short side,right?Because, when the sentiment is long, RTL would be more ''spikey'', i think.And, do you use OTR as a pivot point?
Among other time frame signals, The PRV on volume and the FTT 's on YM are the "smoothest" indicators for each of these reversals. You will see a P on the TN charts which is a measure of "acceleration" of volume coming into volume peaks. (this uses three volume values and can repeat on strong move endings).
Jack, if there wasn`t PRV, would it be any other possible substitution for it?
Quote from SnakeEYE:
Yeah, right!!!!
i`ve just made 3,2k with that ugly channel that lasted about 16 hrs....with my own fucking eyes.....and some other fucking ancient stuff..and...................this fucking thread should be closed due to inability of the main participant to maintain it..........