Quote from jack hershey:
critique.
doing carry over from day to day is important. the platform you use allows for automatic degapping and that is a time saver as long as you carry over the three parallelograms.
Drill
1. Practise manual carryovers to be sure to create a set of carry over rules for annotating the chart. Do not worry about getting in on the first bar. We will soon see how adding contracts from profits starting at a mimimum level gets a person to a good income level in a short while.
You started the day inthree patterns that were carried over from the prior day.
Thank you ---I'll get to work.
Drills.
1. Set up a log that has three colums adjacent to each other so you can list the oderof events for each fractal.
2. Check always as you log that you are not "jumping fractals" as you log.
3. When posting glance to see if you are noting the order of events correctly after you finsh the typing.
You can build very comprehensively on you MADA efforts.
Bar 1 and bar 2 form a hitch on your chart. The bars show the range of volatility that can come from the range of volume.
drill.
1. At the top of your log write in the fractal event that begins the day on all three columns. The correct logging is the debriefing status at the end of the prior day.
On the trading fractal you were in a R2R of a short pattern on the trading fractal pattern. On the fast fractal you were completing a 2r of a r2r 2b 2r. You are not annotaing the fast fractal.
Drill
1. Learn to annotate the fastest observable fractal and set the scale on your chart so that 2 points is the scaling set of values. Always set your chart height to show 18 points on the 5 minute price chart. this is a biblical setting for the scaling. By keeping it scaled the same way ALL of the time, your mind becomes calibrated to market bar volatility and the slope of the parallelograms. you can see easily each tick change if and when one occurs.
So you are following the order of events beginning on the trading fractal and not following the ordr of events on the fast fractal. Above I eliminate those considerations.
This means you can see the pattern on the fast fractal as you trade the trading fractal. The day starts with the first move of the trading fractal being completed. Those trading on the trading fractal enter the opening moments short and they look for th order of events to show the 2B and then the @R of the trading fractal. This is six moves on the fast fractal.
Red volume is dominant through this period. Black volume is non dominant.
drill.
1. build fractals from the observable forming pattern; you have the time to do this and log it too.
2. Always check to see if you are jumping fractals starting with column shifts in your log. No column shifts + No fractal jumping.
3. go back to bar 71 of prior day and notice for what you annotated you missed the VE on th trading fractal. The automatic lateral annotation informs you taht you will be exiting the lateral and you used the correct FTT (not annotated) to begin the short trading fractal and all faster fractals.
4. your internal annotaor has a flaw; it missed the last stick. the flaw has to do with how the stich gets mutated from the beginning of the second internal bar. Check to see if the volume criterai is inclusive enough as well.
5. bar 81 was an OB that was automated automatically this ended the fast fractal ftt at the top and gave you a portion of the following 2b on a fast fractal level. you debrief and note you are finishing 2b. since none of this is annotaed you are hanging out in the breeze.
FTT of the trading fractal is on bar 2 where you treat all internal cases as one bar only. the dashed lines you drew is the slow fractal that contains the trading fractals; this makes bar 2 point 2 on the slow fractal.
The green arrow is a VE on the trading fractal levle and you could not observe the fast fractal over the three black bars. You when long on bar two using the trading fractal. for ES we simply zip over to the YM to observe the fast fractal three moves. By logging the YM 2 minute, you always have a leading indicator of ES rolling, since the YM leads the ES.
drill
1. log and annotate the YM 2 min chart. Put this column on your log next to the fast fractal ES column. the entries will nearly always match. divide the YM column mannually when a sub sub fractal is evident on the YM.
Bar 4 begins an R@R 2B 2R trading fractal.
this means on the trading fractal level you took a short, then a long and then you went short @ the VE of the bar 4 and you were looking for point 2 and not a M1 and M2. Here we deal with granularity. you consider and log whther the close is in the "zone". Either way you are short going to point 2 of the trading fractal. If I am knocking off 40 trades a day, I go for dealing with a possible M1 and M2. you have another internal yellow box annotation failure at this point as well. you did not get a sym on bar 4-5.
A major clue on M1 and M@ is the non dom and dom sequence. you SEE the RTL being broken and the dom is now red volume so you know that you know the short is under way and you are short. you know that you know it will be several bars before an FTT occurs. Have a smoke or just do housekeeping. Put a new eraser on your automatic HB pencil or check the remaining lead length.
Make a note to reload your library as well.
I skip to bars 9 and 10 so I can deal with the two consecutive VE's on the chort trading fractal. note that the second VE is very soon in the bar (10) and note you have decreasing volume. this is a IBGS for sure and you take profits and go long. you leave the zone post haste.
you then sit around for over an hour makin bacon.
congratulations, you are now one level of skill higher in your trading. you can take a break at close and come back in 2 1/2 hours and trade the K200 to finish out your day.
Thank you!!!!
