Quote from frenchfry:
Do you know what you need to look for to determine a good starting point?
Maybe a Lateral? A FTP? A P1? A T2P? An EE? A BM/Rev? A BO/T1? etc.?
Thanks for the pic and your other comments; they are very accurate.
Attached is a first glance at the close of Friday.
Note the ellipses that inform me.
Full left on the chart you have instinctively limited the left window's lef side. Good work.
The wide ellipse on volume shows tht the primary and secondary are at work, repeatedly. This makes the set A passe and probably the Set B is passe as well.
Set C or D are probably in play.
The middle ellipse shows a HVBO of volume.
The two right ellipses are a pair. A red stitch (degapped) along with UL volume, roughs out the intuitive end of a trend.
So assign a P1 to bar 79 where you are in a short sentiment.
Bar 80 is the second bar of a FBP (degapped). Put Wait in the Event column.
Bar 81 forms a lateral 3 since it is entirely inside the shadow of bar 79. Put a Wait in the event column.
Now run a tab on all the salient info in the left window.
Atticus would do this on a subordinant spread sheet with a set of names down the left spread sheet column. A status column is to the right. Several columns are in the middle that list criteria by numeration and ferference to another "criteria" spread sheet.
If they were just typed in manually thay would read:
Sentiment/short
trend set/ Set A
Price status/ lat 3
Volume status/ P1
Bar 1 entry/ short on open.
If a person were logging and annotating, he would get the same result automatically from the software ATS coding equivalent done in his fully differentiated mind.
Bar