21/03/13 part II
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I am getting my butt handed to me on a daily basis!
- Thread starter jeredlbb
- Start date
Quote from bh_prop:
Thank you for explaining that a new P1 forms after an EE. So with that in mind, I get how bars 80,81,and 1 are P1. But I would have labeled bar 2 as T1 whereas you labeled it as another P1 even though the volume was less than prior P1. Can you please explain because I am struggling my way through the volume annotations using this chart: http://www.elitetrader.com/vb/attachment.php?s=&postid=3831320
P1's are assigned bvased upon the EE that finished the prior profit segment.
An EE is assigned On the EE or AFTER the EE.
If the failsafe context gives an EE,, then, the P1 is assigned ON the EE bar. See many of the logs I have posted.
On the other hand, IF the band A is in effect, then, the P1 is assigned ON the EE bar. See many of the logs I have posted.
If neither failsafe nor band A is the context, then the P1 is assigned on the first opportunity AFTER the EE bar.
Lets look at bar 2 and the context of bar 2.
Take your time, you have 300 seconds during bar 2.
You are prepared, since on the reversal, yu placed a BM and you were preparing to place an rtl.
As the bar 2 formed, you observed that an rtl was not possible.,
You also saw that the BM was penetrated.
Price was annotated and price made three unilateral moves during the bar. It could have made 1, 2, or 3 moves. Many people can see more moves because they are mentally freaked out all of the time.
Instead, You can just switch your attention to volume primarily once the price bar "has declared" giving permission to measure volume.
Bar 2 did this "early" in the bar.
You as a potential expert trader know that you know to stay on the correct side of the market. right now, from your question, you are still perfecting learning to trade to take the full oiffer of the market.
Now you are able to be open and in a learning orientation. You also know that you know you will be rich soon, since for purposeful learning you only need 20 days to become an expert.
On bar 2 you reverse from short to long in order to continue to make money by taking the full offer of the market.
Bar 2 was a bar that had a failsafe aid deployed in order for you to keep the highest principles in effect.
your mind is developing an inference which will be with you for a lifetime. One piece of this inference is that a BM penetration called BM, REV occurred. You wiull soon know how to process the BM, REV using the correct type of trend set.
By now you know there are four types of trends and you may be able to deduce the reasong of how the four types are defined and that there are only four types possible.
In failsafeness, there are two aspects (BM and rtl). If both, then both must be true. If just one, then the one has to happen. The BM, Rev happened.
In terms of unilateral movement, BM, rev cou8ld not happen on intrabar move one. It happened on intrabar move two and it was not cancelled on intrabar move three.
An EE happened and its failsafe name is BM, REV. You go long as a trader.
You do the purposeful work of annotating the BM for the EE. (I didn't.) On bar 3 you annotate the rtl. (I didn't.) These steps are always done on each EE whether or not the EE is a reversal.
the P1 assignment is also done. See it there.
the system of taking the full offer of the market is a classic application of an approach. the approach name is Relative DataBase Management System (RDBMS). As you see the first word is slightly unconventional. this system was invented in a building. The building was owned by UCSC. Two back to back 360's were in that building. the operators came from an assortment of 29 colleges and universities. teamwork was in vogue. UCSC had five divisiouns. I managed two at that time. None of my teams worked on the APL that was created. BUT this was part of my enbvironment since my teams used those 360's for data processing in a problem solving context.
here in ET you are experiencing working on a team where the problem of "how the market works" has been solved.
Ruggerio is doing a thread on the Scientific Method. He has stated he does not know how the market works and he is using this position to move forward to establish how to "predict" markets even though he states he does not know how they work.
My view is that this thread is explaining how the market works and also that there is no need for prediction.
Here we used the independent variable to determine the dependent variable.
Ruggerio says he will be using the dependent variable to formulate (a mathematical expression) how to "predict" the market.
for those whgo are competent programmers, you probably have determined by now that the two languages for systematizing RDBMS) are SQL and Haskell. That is why my sheets for the system are using SQL/Haskell type expressions.
This approach to learn takes only 20 days simply because the correct mathematics is being deployed.
I appreciate all those who are posting. I enables me to nudge you forward by adding a little more reasoning to the solutions to your current focus.
As you print my posts, just use one side of the paper. as questions arise for you, write on the verso of the prior page. then note the time and date of my answer. In this way you will build a quick pathway to expertise.
there are five entwined OOE's at play. Keep each in mind. One of the OOE's shows how the OOE's are interrelated.
Quote from outsource100:
Yes,i don`t get it how the bar after the OB bar became BM and REV.It seemed like T1 bar to me.
The OB had a green BM ray drawn on the OB just after the close of the OB.
notice th BM is according to market sentiment.
In your three ring binder labelled "glossary" you have a full definition of a BM. reread it 50 times. see if after the 50 readings you have a "perception" in the form of a Long Term Memeory "inference". also reread 50 times all the key words in the above snetence.
At some point you have to begin to WORK.
As you begin WORK, you discover you have no 3 ring binder labellede "glossary". you will not make one either as it turns out. the reason is that you are still in "the combine" level of thinking and you have not thought through why the combine is only a slovenly sales tools of an organization that makes money from fees and comissions. you have not gone from a horizonal position to a vertical position the one required by humans to do WORK.
Alice in Wonderland was written by a mathematics EXPERT. Did you ever figure out what the "looking glass" represents? No you did not. that means you and I cannot talk about the "looking glass".
the Chesire cat probably "seems" like a cat to you. you think a bar is a T1 because you do not know how to measure bars if given permission.
What do you think the day you discover this trading system is self correcting will be like. Will you sit up and listen and begin to work if that day ever comes for you?
Instead of asking FF to post a chart, why didn't you post a chart and a log to help him out?
BARS ARE NOT DETERMINED BY WHAT THEY SEEM.
Quote from tea_leaf:
hi guys, does anyone know if we should place BookMark on every EE?
The BM and the rtl enable you to have as much safety as possible all the time.
Since there are four types of trends, during any trend or a completed portion thereof, you MUST use a restart (reset) for each completed "trend segment", whole or partial.
This principle was required mathematically to develop several of the aspects of system analysis.
you post is very significant.
you are an example of a person who is doing purposeful work. since you are, you mind is stepping into the picture to prompt your purposeful work.
what will happen for you in the next stage of your mindfulness, is that you mind will keep asking these questions AND your mind will look around for the answers.
At first answers are just in the 3 ring binders done by doing pruposeful work. Then things begin to "glow" here and there.
What you will sense in real time observation is thaqt the "context" begins to bcome known to you more and more readily. Then you will notice the "steer and focus" notion coming into consciousness.
In the past, I used an accelerator for this. This time around I just handed out all the sheets for doing everything.
To look at the past pass google "Sweeps Chart". There you will find 9 tables. the "ouside of the onion" appears first and gradually you work down to the OTR level for carving the turns.
The result of "Building the Mind" is an amazing adventure.
If there is a difficult task in learning it is learning that the mind cannot erase.
If there is a most rewarding aspect of getting the mind shaped up, it is writing efficient and effective test procedures for proving in mainframes of very large computers. AI isw now in vogue and it came from people thinking like previously designed computers (iterative refinement).
Quote from atticus:
Have you ever heard of a spreadsheet?
Yes.
for this the sprad sheet fills itself in automatically.
But there is still the mind to deal with.
W/ork is done to build the mind by doing drills.
Use the sheets I posted to make the spread sheet you mention. With your contribution, everyone learning will have a backup answer sheet. SQL is the way to fast track building the spread sheet. Do you want the cell expressions posted?