Quote from TIKITRADER:
Jack,
so we can be on the same page, this is what you are looking at this evening for the opening of the k200 ?
Thanks !
thanks.
You have the moves that are coming up in the order of events for each fractal.
wth respect to the slow fractal we are completing the move from point 3 to the FTT.
This takes three price moves on the trading fractal. The first move had its FTT and we have passed the RTL after the FTT and we are heading to point 2 of the ongoing trading fractal.
By looking to the fast fractal we can examine how many fast fractal moves have been done and where we are in the current fast fractal move.
We see we are in the first move which is long and dominant after the prior BO of the rtl of the last fast fractal.
Collectively we are in a short dominant slow fractal move and long in a trading fractal dominant move and long in a fast fractal dominant move.
You show the anticipated order of events on the chart after this carryover degapped open.
The above status can be written in detail at the bottom of the debriefing sheet.
By completing a debriefing sheet that notes the moves of the day in P and V for three fractals, you lead yourself right up to the carryover status.
As was noted by a detractor, this, once done right after the close, puts a person is top physical and mental condition to get ready for what is next.
Depending upon wher a person lives in the world he could trade two non overlapping markets in any 24 hour cycle. A business would just use overlapping shifts to trade capital three times during 24 hours.
Here we are planning on the ES, k200 and the DAX.
Trading monitoring builds upward and making money builds downward, all in terms of nested fractals.
So since the thread has begun we have touched on all four parts. Degapping is part of Part III Carryover.
In learning, the focus is on Part II the Trader. Reading and studying have been replaced by drills based upon needs and not just wants. Earnestness is the key for compressing the building of the mind.
In ET you can peruse many paths of learning being followed by an broad assortment of traders who will become successful.
After the open, the k200 will come to a place where the RTL of the slow fractal may have to be fanned to accomodat the last part of its pattern, Do that and continue along.