Getting down and dirty is where the rubber meets the road ...

[jack hershey]

Annotate one fo the prints you made from the left going forward and make the annotating fineness as close to the smallest observable moves. Always build slower fractals with these moves.

Never fail to bookmark point 1's as you go along.

This is a very important learning exercise. Slowly, you will gain "awareness".

There are a lot of foxes in chicken houses. Everyone needs to become "compassionate" about our economy and "compassionate" on a lot of levels.

Right now, most people have a induced mentality about what it means to be upsidedown on the face value of a mortgage. Who are the biggest foxes doing the "walk away" on developments and corporate "upsidedowness"?

For some reason, and as exemplified by the last Depression, the small people feel an obligation to "save face" by not going through what banks imposed upon them. Who is imposing their will on banks when the deal has gone south?

As the future unfolds, there is a need for thorough and correct annotation. We need to drill right down to the granularity of the markets so the "telegraphing" of the markets is very very clear and pristine.

 

[jack hershey]

Here is the beginning of the dkm chart for the 10th which is labeled way after 9:30am.

I show FF 1 and FF 2. FF 3 follows on the next few bars. This puts in three FF's and gives a TF FTT.

four bookmarks later, the final new FTT is put in.

Bookmarks serve to show when, on a given parallelogram and within that parallelogram a further "expansion of that parallelogram is occuring.

What may be happening is that one or even two moves within the parallelograms are being further included in the parallelogram and are after the point 3. In the past I have refrred to this as a "cancellation" within the parallelogram and I refer to the resulting end of the parallelogram as a "new" ending. I use new ftt or NEW FTT.

Can these happenings get to be strong enough to cause a ve or VE? Yes they can. If there is a ve or VE, then there is accelration using points on that paralllelogram.

If you are beginning a day or a day is continuing, this means there are volume annotations that reflect these moves which are part of the bookmarking.

Small notes.

I removed a fan on FF 1 because the fan did not occur. This makes it possible for the ftt of the FF 1 to be clearly seen. After an ftt of a FF, the MADA work is focused on building the FF 2.

I used two internals to make two bars (I have called them phantom bars or one bar equivalents) to make FF 2.

What follows FF 2 is an FF 3. THe FF 3 has an ftt which is an FTT of the TF since three moves have been completed.

When the first FF is done, then pt 2 is in . when FF 2 is done then pt 2 is in. with pts 1, 2, and 3 in, then we are past point 3 and a book mark is possible from the ftt of the FF 3 forming the TF.

We reverse on the FTT and it is bookmarked. the bookmark serves one purpose: to assure the forming TF is not an impssibility. when it bwecomes one, then a wash trade is done. If a person is not precise in doing the reversal, the wash can come early. If the wash is done, then the person is on the sidelines. The person reenters the market after he has taken care of business in MADA.

RE: TF; it was nine bars in length and a long TF began.

 

[emac]

Quote from TIKITRADER:

added some comments to what I annotated

if i may add, on the bar 45 ibgs - i would think of it as 2 moves when a new low was made on a short 2r move of the FF, carried over from bar 44 and continued on bar 45 for the 2b with the close higher the previous bar 44 (heads up for green marker next) and subsequently bar 46 for a b2b bo of the FF rtl completing the first b2b 2 volume moves of the long TF.

correct ?

 

[dkm]

Quote from jack hershey:

I show FF 1 and FF 2. FF 3 follows on the next few bars. This puts in three FF's and gives a TF FTT.

I attach a clip showing FF1, FF2 and FF3

Quote from jack hershey:
four bookmarks later, the final new FTT is put in.

I have tried to annotate fft1, fft2, fft3 and fft4

Quote from jack hershey:
Bookmarks serve to show when, on a given parallelogram and within that parallelogram a further "expansion of that parallelogram is occuring.

This is understood.

Quote from jack hershey:
I used two internals to make two bars (I have called them phantom bars or one bar equivalents) to make FF 2.

What follows FF 2 is an FF 3. The FF 3 has an ftt which is an FTT of the TF since three moves have been completed.

When the first FF is done, then pt 2 is in . when FF 2 is done then pt 2 is in. with pts 1, 2, and 3 in, then we are past point 3 and a book mark is possible from the ftt of the FF 3 forming the TF.

OK.

Quote from jack hershey:
RE: TF; it was nine bars in length and a long TF began.

This last comment I don't understand. The TF begins on bar 30. It would seem that FF3 ended on bar 37, which is 8 bars. Bars 37 and 38 form a long FF. Bars 38 and 39 form a short FF, at which point, do we fan the TF RTL (orange)? To the best of my ability it would seem that the 4 bookmarks can be accounted for by bar 46, making a total of 17 bars for the short TF. In fact, after taking a few more bars into consideration, it would seem that the short TF does not actually end until bar 55 (14:05)

My apologies for being slow in my attempts to understand what you are trying to convey.

 

[jack hershey]

Quote from dkm:

I attach a clip showing FF1, FF2 and FF3



I have tried to annotate fft1, fft2, fft3 and fft4


This is understood.



OK.



This last comment I don't understand. The TF begins on bar 30. It would seem that FF3 ended on bar 37, which is 8 bars. Bars 37 and 38 form a long FF. Bars 38 and 39 form a short FF, at which point, do we fan the TF RTL (orange)? To the best of my ability it would seem that the 4 bookmarks can be accounted for by bar 46, making a total of 17 bars for the short TF. In fact, after taking a few more bars into consideration, it would seem that the short TF does not actually end until bar 55 (14:05)

My apologies for being slow in my attempts to understand what you are trying to convey.

I typed a post to you on this and I annotated a chart. There were 9 drills.

ET ate it all.

I had not saved my typing in word so it is gone forever.

Here is the corrected chart of the TF that began the original illustration on bar 30.

 

[jack hershey]

Again, sorry I lost my commentary on the difficulty David is expressing with respect to trading SCT on the ES.

I do not do debate on becoming an expert SCT trader. The reason is is that there is no debate.

When I see a person doing a given level of skill, I generally try to recognize how much finer I must go to move the person from where he is in order that he can begin to work properly to eliminate all the difficulties his mind is giving him.

The concept of annotating thoroughly is not demanding. From this thorough work, there is never any question of how the making of money is proceeding.

Losses are not part of SCT trading on any level of skill. The observer level doen't include trading and on the observer level it is possible for a person to be unable to do any kind of thinking.

critique.

My conclusion is that it is possible for a person to not trade effectively because he does not do MADA by following the methods for parts.

M indicated a data set that included an ftt on FF 3. on bar 37. This data goes to Analysis. The Analysis is unequivocal. The analysis result is that a profit segment is at hand and profits are to be taken and it id necessary to change sides of the market also to take the next profits.

D of MADA prompts a decision. the decision is to Act to take profits and to Act to be in the markt on the other side of the market. Logging assure these things are readable and the log can be spoken out loud, if neccessary.

Action is hitting T so a reversal occurs.

This means a person trading on the TF in ES has mad money and is now in a long trade.

To be able to "read" my annotations may be difficult but that is what they say and that is what I said textually with regard to bar 37.

SCT means "seamless Continuous Trading and what makes that possible is the continuong CERTAINTY of doing MADA.

David talks about losses and he talks about rules he uses as an alternative to doing MADA and following the rules of each part of MADA.

My annotated chart is different than Davids quite often. That gives me a chance to suggest to David what his next steps ar for idscontinuing what he is and isn't doing AND , at the same time, to adopt the approach that, in time, will make him an expert trader.

Reading what I write has no effect on anyone or their trading skills.

Usually people will not do drills to correct their mistakes or just add skills. Those who do, howevr, get a different result than those who do not.

What happens when a bookmark cancels a condition that was in effect? The existing conditions have changed. A person thijnks critically about what is going on and how he knows that he knows.

Most traders who monitor are really screwed as time passes. They have zero chance of understanding what the market is doing.

If the pattern is complete, it is absolutely certain that profits are taken and the new trade is underway on the opposite side of the market.

How does one know the pattern is complete? When does he know?

I am suggesting that a person knows well in advance of the event and how he knows is the order of events. There is a drill where a person logs all moves on three levels in the exact order inwhich they occur.

How many times is this drill done before a person always knows that he knows what is going on; what is next; and how fast is it changing?

I would like to see how many lines it takes to log bar 37 for different people.

There was a critcal point in time when the bar 37 price and the bar 37 volume became opposite colors. the timing depends upon the default of the platform a person using. The person using it sets it according to his thought process.

Lets look at the freakout mind and the peson who does not have or use a routine. thses people are hunched over their machines and going bezerk everytime they see one small "happening".

Now look at the TF trader and look at the point to point more expert trader. Neither are freakout traders.

The log has 12 columns; a row represnets cells that can be filled in to build a set of information. row upon row completed represent an orderly process that is arranged from M to A to D to A.

Bar 37 could have 10 rows devoted to it wherby, if any column had a change row to row a new row would be used.

How many moves did price make on bar 37? How many moves did volume make as you connected the points on the volume racodr chart? The sum is about 15 moves.

This really spreads out the way the formation of the ftt occured. Can a person even see the differences among bars 34, 35, 36, and then 37?

The "read" on YM mutation leads the "read" on ES. The read on both OTR's for YM and ES lead even more. the OTR volumes lead the price OTR's. The DOM WALLS are in view before any of these things. The S/S leads the other indicators with respect to graphics, and first and second derivatives.

A turn of an ftt on a bar is not jumpy or volatile or even messy.

What is not working is the mind for most people.

At some point in expeence and learing a thing occurs that is "knowiung that you know" the best indicator of the mind's shift from the monkey mind to the coherent aspects (awareness, compassion and wisdom) is that a person is no longer concerned with making money. Making money becomes just a consequence. The mind is no longer thinking up new stuff for any new purpose the mind brought up.

It is almost that there is a question like: How many bars after an ftt or FTT do you know you have an ftt or an FTT? The time in between must be "freeze up" time.... uncertainty time.

SCT is an approach that allows full "anticipation". This means the question is something like: How many bars beforean ftt or FTT do you know you have an ftt or an FTT?

Connecting what you sense to what you do behaviorally in trading is called MADA.

At some point, a person has to see the end of the pattern before and as the pattern ends. trading on the TF means that you see the FF 3 ending too. On the Ym you see the sub 3 FF 3 ending too.

 

[frenchfry]

Hi Jack,

I just saw your annotation of dkm's chart which reminded me again of my question number 5 (please see below).

From your charts it seems that once a volume sequence ends (B2B2R2B or R2R2B2R) then always immediately the another one begins. However from what I have seen so far (correctly or wrongly) it can be that those sequences still can continue for a while on the same fractal with for example... 2R2B2R...and so on..... before the next one starts.

DKM confirmed my observation but then again... I look at your charts where it seems like once one sequence is complete the other one must start.

Quote from frenchfry:

This is a summary of where I am right now or what I (think) know or don't know:

1. Building tapes from two bars (9 or 10 cases). Seems to work most of the times. Hesitation appears in areas where multiple internals follow each other. Or where for example there is a possibility to draw two opposite translations with three bars (i.e. bar 2 HH+HL than bar 1 and then bar 3 again LH+LL than bar 2. The same is possible in the other direction)

2. Building trading fractals (traverses) from tapes and channels from traverses. Starting to create them. Not sure I know everything I should know or understand everything what was already told. Will continue to construct them and make adjustments according to the feedback that I get.

3. Volume. "Volume leads price". Maybe, but I still need to see this and to be sure I really understand this. Like with "…treat the internals as one bar…" there are probably different possibilities to interpret those three words depending on your background. Need to make sure I have the correct meaning of those three words.

4. Volume gaussian lines. Start to apply them. Sometimes it is crystal clear which line must be drawn and why but in other situations it doesn't seem to be that obvious. For example there are situations where I would see rising black/red followed by decreasing black/red. Need to improve it.

5. B2B2R2B or R2R2B2R. Here my question would be: Is this the complete sequence which means after completion a new sequence IS or MUST begin. Or could it be for example that first you have your B2B2R2B and then before it goes to R2R…. it first continues for a while with 2R2B2R2B…?

6. Pace (lines). At the moment I look at it together with PRV but more to to see how far the current bar could go and if it could become an internal.

7. m1 and m2. No clue yet what they are, why they are important and how to recognize them.

8. Jumping fractals. What does that mean exactly? Why is it good or bad? How can I recognize I'm "jumping"? How to prevent it?

9. ftts or FTTs. Seem to be able to recognize them most of the time.

10. Translation bars (red or black). This is where the money is made. At the same time they don't seem to be too far from either a previous or a future ftt(FTT).

11. Fanning. Important to catch the ftts as soon as possible.

12. Laterals or lateral formations. Right now they are not something I even consider on a chart. Do I need them?

I hope that through my work and the feedback that I get that I soon can move on to the next stage. For example we still need to talk about the (7) leading indicators for the FDAX, K200 or whatever the instrument is. But that's later for me.

 

[romanus]

My question is to the practitioners of wash trades: The container under the question is the one being discussed here and annotated earlier. Bar 37 is identified as an FTT of that container. As long as the price is inside the Bar 37 (yellow area) the D of MADA says hold. Therefore the execution will take place at the price higher or equal to 1155.50 during the Bar 38. As one monitors for what must come next, as long as the price is within the blue area, the forming Bar 39 remains an inside bar, and the D of MADA says hold. It is not until bar 39 goes below the low of the previous bar one can close the long. The net difference between those two points of execution is 1.5 points (loss). Am I missing something here?

If one were to wait until the green bookmark at the low of Bar 37 is violated, the loss becomes 2 points.

Is this a wash trade? Would one have to enter off DOM signal in order for the loss to be in 1-2 tick range as opposed to 2 points?

Any pointers would be appreciated.

 

[charts]

Quote from frenchfry:

... once a volume sequence ends (B2B2R2B or R2R2B2R) then always immediately the another one begins. ...

... on each fractal. When you see differently other fractals are seen.

 

[TIKITRADER]

Quote from emac:

if i may add, on the bar 45 ibgs - i would think of it as 2 moves when a new low was made on a short 2r move of the FF, carried over from bar 44 and continued on bar 45 for the 2b with the close higher the previous bar 44 (heads up for green marker next) and subsequently bar 46 for a b2b bo of the FF rtl completing the first b2b 2 volume moves of the long TF.

correct ?

I have color coded each 5 minute bar to match the color coded 1 minute bars.