Quote from jack hershey:
gucci.
my answer axceeded 14,000 characters and therefore was destroyed.
I chopped it into two parts. Part I is below and part II will follow after I wait out the automatic delay time imposed.
1. Are you referring to the 22:05 OB bar as an FTT?
2. If so, at what point after the 22:05 OB is formed does one execute (hit the buy button)?
3. If one puts the green on the bottom of the 22:05 OB FTT bar to have a bookmark of the new possibility, when would one reverse/or wash should such possibility materialize.
4. The 22:20 bar is OB on decreasing red volume which is followed by price going lower on increasing red PRV-volume at the beginning of the 22:25 bar, which would indicate that the red is dominant again. If one hit the buy button sometime after 22:05 OB FTT bar is formed - why would one hold through the increasing red PRV indicating continuation down?
5. There is a color error inscription with arrow pointing to the 22:25 bar which is a flaw (stitch which made a lower low). Is this stitch bar supposed to be red because it made a lower low, or is it supposed to be black because it made a lower low but also represents an intra-bar gaussian shift closing inside the previous bar?
6. You wrote that the volume "demonstrate the change of dominance within the lateral' -- where exactly such change in dominance occurs (intra-bar, end of specific bar?)?
Thank you. [/B][/QUOTE]
I would like to thanks all the traders who are participating in this thread. A may be seen, we are gertting a lot of questions on the table with everyone's help. It also makes clear how the drill results do add to the differentiation of the mind.
the chart associated with these Q's was not completed and the Q's directly relate to the orange trading fractal short that was added to make the chart more complete.
The M1 and M2 during the time under discussion was not put on the chart either.
What is important todo it print chatr 13 and go over it and add the 1,2,3 and ftt's. om all levels possible.
I was hoping to get 10 days annotated before point 3 of the Depression was hit. That was not possible. Now, it may be possible that mark to market will begin to occur for all instruments. This for me is a phase change in economics. A phase change occurs infrequently and I define it as a line in the sand where there is a before and an after in terms of financial industry practices. When we went from fractions to decimals that was a phase change, for example. This phase change has to do with enforcement and it will serve to encourage new and better oversight and regs and it will serve to put people on notice as to the category they wish to be in: those caught or those who come forward to right thier wrongs. Buffett is in the caught category as we all knew.
Now the Q's.
1. This was an FTT after an M1 and M2 after a VE. VE's are not FTT's. VE's create a zone between two lines. Thus the FTT was at the ftt of the M2.
The zone sentence is as difficult to handle as was a two bar yellow sentence for considering the two bars as one. the word between leaves a question about "on "either LTL. "On" the new LTL would be included but what about "on" the old LTL? "on" the old LTL isn't a VE. FTT's do not occur on an LTL.. finally there are no M1 and M2's when the close is not in the zone. You just have to handle the difficulty of coming to undertand a sentence. In binary vectors, certainty is dealt with all the time and as you learn the lurles of MADA, you get to have the market dictate its offer to you in a certain and sufficient manner. we work through skill levels to become more effective and more efficient in extracting the offer. In this tread a trader has stated that he goes to a finer level of M of MADA to be certain of what is at hand on a more coarse level. Khis is IV Making Money section of your collection of knowledge.
2. hitting the buy button adds contracts to your position. For all levels of trading we try to use a Hold/reversal strategy for trading. This replaces the Entry/Exit (in the market or sidelined ping pong of OODA and CW trading). The OODA trader experiences two emotions sets depending upon whether he is in or out of the market. In SCT trading we experience only one set of emotions and the OODA in the market set is used as a warning that we do not "know that we know". When we do not know that we know we sideline and do undone MADA work to get back on the ball.
For question 2 we take profits on an FTT and we do a market tool called reversal which achieves that. This tool also put you in the market on the other side of the market at the beginning of the parallelograms overlap on that trading fractal. The FTT isa poiint of a reversal just as a retrace is an even point on a container. This is the key way to differentiate a retrace from a reversal. In failing to learn to trade this is the key learning failure and is how most traders wind up on the wrong side of the market and not know it (Google Drwdown)
For talented PA traders that I see, I often suggest to them that when they are in a HOLD, that they look for a PA entry in the opposite direction for ending the trade that they are in. PA does not pair entries and exits for trading as we all know. this is a tough situation to have on your hands, mentally. It leads, naturally (by human behavior), to fear, anxiety and anger.
One aspect of smooth trading is the continuing emotional level of support, comfort and confidence. you can refer to driving defensively and skiing and sailing and reading and meditation as times when you have support comfort and confidence. Here, you are in a place where you know that you know. In skiing you may get a shift in emotions when you are skiing beyond your skill level. My daughter went through this series of skills. she was not expected in VI form to be batter than 20th in the Canadian Nationals. she took 4th, however, by going to the limit of her comfort, support and confidence zone. (her commutingas subsidized by her technician's corporations). Be smooth by being very earnest.
3. This was an 18 bar beginner or advanced beginner trade. So the next reveral is out there a little ways. If you are consulting finer level places to confirm your work, you are telling yourself to begin intermefiate work and trade point to point on the trading fratal. this means youare adding support panes on a sub level of the feast fractal (the sub sub level). thading pointto point affords mor frequent reversals. this allows you to trade during the expansiion periods alsp. A lateral has such aspects. All of this means you are olloking for translation coming out of two bars yellows on that next bar.
Well before price heads to a bookmark you have traded after the FTT to be ableto head to the bookmark by being on the right side of the market.
All of the above is addressing "jumping fractals" and particularly not jumping fractals. Skiing is an example of jumping fractals. A person does his warm up runs and then jumps fractals to go to the earnest level of skiing which is more fun and exciting. Racing is a natural outgrowth of black diamond skiing. I quit jumping @ 35 meters; I didn't like it as much as slalom racing. after college I got to "pre run" FIS races but I didn't hit the circuit. Doing some Warren Miller stuff was fun though (in his first years.) I,m on crutches right now as a consequnce of a fibula brack in '54 that did not help my ankle function it turns out. Very humorous x rays. that caused Q's in emergency...LOL Don't eceed you skill levels; do work earnestly, however.
