Quote from charts:
Jack, thank you for taking so much time to give us another glimpse in the way you see the market.
Those circles on the beginner chart, and your MADA sets are obvious to your differentiated mind, so you can carve the best turning points just choosing if you do it at beginner, advanced or expert level.
In asking you about the trading points I was looking for two things:
2. Getting a feeling of where on those best bars (previous bar BO, bar open, sub or tape RTL BO, etc.), or the earliest subsequent bar after the optimum one, would you hit T if your mind were less differentiated and you didn't see the optimum points.
A while back SKO asked about how long there was to do a trade.we termed the period as one that ran from the first chance to the last chance (second chance).
It may not b apparent to people watching the market, that there are many levels to trade on. For the beginner level on k200, trading on the thading fractal was the suggested approach.
So the "best bars" are those WHERE the end of the move from pt3 to FTT are where to look. Specifically it is WHERE you are coming into an FTT on the trading fractal. IT could be a new FTT as we saw occurs.
To do this you can set up a check off list to get you to that place. You do not trade until you get the that place; you just hold.
So You can make the checkoff brief if you don't like to do very much to make money.
The condition just before an FTT on the trading fractal is when the trading fractal is past the pt3 and, on the fast fractal the thrid move is under way and id also dominant as is the pt 3 to FTT.
This means you draw horizontal lines on the volume chart and look for a higher volume than before on the trade. Exit or reverse at that time.
"higher volume than before" is not too difficult to use as a trading rule. I do not use trading rules but you really want to use trading rules. My alternative is to use MADA rules and the fact of doing M A D A is a way to really make all that the market offers once your mind has been built. No one really wants to build thier minds so they can trade in a manner similar to driving a car.
Now, the second part of your request. You miss the "higher volume than before" you will notice that you are in a period AFTER an FTT and AFTER the end of the thrird fast fractal move. when you notice that then do the trade. This can be 1, 2 3 bars later but you still have many many bars in the time zone that follows to begin to seek to find a higher bar than before that is the end of the profit segment you ae now in.
this generation is referred to as the "sandwich generation". young adults are getting P and J sandwiches form their parents after college days have passed. So this post is a P and J sandwich post for this type of person with this mind set.
An FTT was invented as a trend ending event. Mentally, the market is dominant; volume is peaking and the price movement cannot make it across a parallelogran from one side to the other. Annotations show this not happening. Thus the trend has ended and the overlap of the next trend begins after the peak. This movement is non dominant decreasing volume, relative to prior circumstances. At BO of rtl and RTL these two events, lead to increasing volume on each fractal sucessively (unseen to most as BO's and as volume troughs to peaks beginning).
My comments are what is happening and they have a name as determined by people who cannot "read the market" but belive they can. (See clancy for example). Reading the market presumes a reading vocabulary. Children spend a long time (relativley speaking) working through gaining vocabularies in two forms: sound and sight. Sound comes first and sight is added when they acquires the symbols of the alphabet and the understanding of forming words and the understanding of forming snetences and paragraphs, etc...
PA trading is the "run dick run " level of reading. Indicators are just formed words.
In SCT, the concept of sentences appears as the same as sentences: an expression of a complete thought. SCT uses the "order of events" as sentences. Here you know you know WHERE you are, WHAT is next and how fast the order of events is going along.
A W or M day is like four paragraphs.
An ftt or FTT is like the end of a sentence and the pattern expresses a complete thought.
You questions are like questions on syntax and sentence structure.
you may be able to see that "Trend Following" as a book is an empty book. It says nothing about trend following at all.
1. Getting recommendations for specific drills to help in further differentiating my mind when dealing with the P,V based MADA.
Copy this thread and put it into a three ring binder. It is about 350 pages, I am told.
Get some tabs and use color to code references. Do drill rferences in blue. Number thenm in the order of there appearance from 1 onward.
Pick four more colors for tabs. Use one color each for M A D and A rules.
One the top of the pages, divide the horizontal space into four parts. Use tabs labeled with four different roman numerals to tap the four parts: I Market, II trader, III carryover, and IV Making Money.
Set up three other three ring binders and do the ES, k200 and DAX, completely every day satring 10 days backform when you start.
for some of the seminal drills attach the results in such a way that you can fold the results into the binder by putting the result on a blank page to the left of the result. This means you can fold out (like in Playboy) a result for reference as you do work. In fact several can be folded out.
What is basically going on is you are learning to read like you learned to read as a child. At that time it was easy to do since that is what minds do at that age. as a teenager you learned doto do deduction is a classroom and it was easy at that time as well.
Today you are taller and heavier, at least and everything is harder or impossible to do as a learner. Your brain is mostly unused today since it was never filled up with anything.
reading filled up many small spaces or regions. Traders do not go about filling their heads with the equivalent categories of things that children do when they are told to as they learn to read.
Your 350 or so pages will have hundreds of tabs on the side and top. In adding them you discover that the information was given to you with directions for gatting it into your brain as a mindful experience. this is the 30 annaversary of "mindfulness" as a science. It inventor has persona;lly congratulate the group of people who established one of two locations in Tucson for mindfulness. Both buildings are owned by one of the Tucson traders. The first is for learning mindfullness in the context of being cured of PTSD for veterans. the second is simplya large trading room where our group beginning this week each have tradingstations. It is on two levels: teachers and students. teachers learned over the last few months and now they are teaching a new wave of Tucsonans to get ready to teach a new wave this Fall. Teaching is really "supporting learning". Sunday meetings and Thursday lunches and prepping the Universe and doing IAS's and logging and debriefing were not sufficient. Doing trading in a common space works out better.
