I am getting my butt handed to me on a daily basis!

[jack hershey]

Quote from frenchfry:

First attempt...

Nice work.

tweaking will not be hard to do.

you made 7 notes and I will follow up on each.

1. The test procedure would not yield a PP1. See tea leaf.

you know bar 78 says advance one peak. So bar 78 is always a peak.

A P2 on bar 78 gates permission for a P1 on bar 79.

this makes bar 80 only one specific possible OB EE. the upper level of bar 80 is T2P and thus the lower level is T2F. On the OB PP sheet you see the name for this OB.

2. No short on bar 80 it is a dom to non dom turn. (a turn). you would have trouble reasong this through except for on the detective opportunity given you on the panels of the Modrian table. There are PP2's to be found as N's BUT .....

you made agood effort in 2. just go to the Modrian table as well to eliminate a possibility of a c turn.

3. Great work. you are correct.

4. very cool reasoning. great

5. the rtl is there and very impotant. good work.

6. It certainly is. So you note the type turn as well. Just do it next time. And assign a P1.

7. P1 was assigned on prior. I looked at the volume on your chart and found I could not see it.

 

[jack hershey]

Quote from tea_leaf:

Bar 80. PP5a. a turn (Set D long type)
Bar 81. P1
Bar 1. Go Long at open. New P1
Bar 2. Stitch black, squish ULV bar 1
Bar 3. new P1
Bar 4. T1
Bar 5. new T1
Bar 6. PP6 (b turn). Hold Long.
Bar 7. P1
Bar 8. T1
Bar 9. P2
Bar 10. T2P
Bar 11. Aa HVBO (a turn). Hold Long.
Bar 12. BM REV (b turn). Hold Long.
Bar 13. P1
Bar 14. T1
Bar 15. Wait
Bar 16. new T1
Bar 17. P2
Bar 18. sym, squish ULV bar 18. new P2
Bar 19. Wait. T2P
Bar 20. Retro. T2F
Bar 21. Ca (c turn? not in modrian panel). P1. Go short.
Bar 22. T1
Bar 23. P2
Bar 24. Ab LVBO. a turn. Hold Short.
Bar 25. P1
Bar 26. P1
Bar 27. T1
Bar 28. BM Rev. b turn. Hold Short. P1
Bar 29. P1
Bar 30. PP1. c turn. Go Long.

great job.

I like your ID's on the type of turns. Having bar 80 correct was a terrific reasoning job. The trend is a drift trend (set D) and this was the second a turn.

When you degap opening, you carry forward a BM from bar 80 But no rtl since bar 81 prevented this. FF saw the BM hit bar 2.

This is a b turn. So we are at n -1 on a type D drift.

Excellent getting to bar 21 and the c turn. All Modrain turns beyond the B band are rare. So wing it and keep adding to a Modrian sheet 2 for the 8 panel events that occur rarely. we took care of three F band events a day or two ago.

In my experience, the definition of a full time trader is a person who can't get the job done with his approach. What happens is this. Some days in summer are very slow. They are named Friday and Monday.

After a while just trading the am turns out to be sufficient.

my recommendation is to start with 1 contract and work up to 50 or 100. Sweep weekly into PVT and SSR. When you have ramped up to 10 mill train a college kid to do your trading.

 

[spatial]

Jack:
Some questions need your reply.
See my attached pic.

The pair of bar 1 and bar 2 is an XB and forms a long tape. The p1,p2,p3 and ftt of the tape are drawn in blue.
The pair of bar 2 and bar 3 is an XB. The pair of bar 3 and bar 4 is an XR. As you see the chart, bar 2,bar 3,and bar 4 form a lateral case in the shadow of bar 2 nearly.
So I regard the case of bar 2 and bar 3 as an FTP.
Because XRs or XBs are regarded as a trend continuing, and pennants are regarded as a trend transforming.



When one bar is forming ,its open is known and constant. the parameter change of high ,close and low only have three cases.
1. High is unaltered ,low is unaltered, but close is changing
2. High is unaltered ,low and close are changing at the same time.
3. Low is unaltered , high and close are changing at the same time.
What do your O-1 or space operator mean?
Does it mean the change of the value of high and the value of low?
Of dose it mean the change of the value of high minus low?

What do your O-2 or shape operator mean?
Does it mean the relationship of H.0-H.1 and L.0-L.1?

What do your O-3 or change of shape operator mean?
Does it mean the relationship change of H.0-H.1 and L.0-L.1?

Thanks

 

[spatial]

The attched chart

 

[spatial]

and a question about the lateral degap
The attached chart is from you
I draw a blue arrow on the chart.
On the tan area above the arrow:

Before degapping ,its a lateral case, after degapping, its an XR. But the lateral case is more like the situation at that time.
So can I conclude: if its a lateral case before degapping, we could regard it as a lateral case properly and donot need to degap it.
or its just because the platform you are using cannot degap automatically, but you degap it mentally and log it as an XR.


Could you clarify sth for me?
Thanks!

 

[frenchfry]

Quote from spatial:

The attched chart

No!

There is no "nearly"!!!! Every case can be CLEARLY defined mathematically. Scroll up and see how Jack explains the Hitch to Jerred. What is the definition for a FTP? Do the highs of the two bars have to be equal? Or similar" Or nearly? Or slightly? What about lows? Look at the drawings of the ten cases. Jack also posted the mathematical equation for a lateral somewhere.

If there are no gaps between open and close which you need to adjust, then an XB or XR can not become a FTP or anything else.

In the past you might have read about lateral MOVEMENTS. Forget that. For this PP, EE, Quicky, whatever you want to call this current approach, you need to identify two or three bar FORMATIONS.

 

[frenchfry]

Quote from spatial:

and a question about the lateral degap
The attached chart is from you
I draw a blue arrow on the chart.
On the tan area above the arrow:

Before degapping ,its a lateral case, after degapping, its an XR. But the lateral case is more like the situation at that time.
So can I conclude: if its a lateral case before degapping, we could regard it as a lateral case properly and donot need to degap it.
or its just because the platform you are using cannot degap automatically, but you degap it mentally and log it as an XR.


Could you clarify sth for me?
Thanks!

TN can not degap intrabar. Even the algorithm that draws the boxes is too dumb to identify intrabar gaps and draw the boxes correctly. Therefore you have to do it mentally and put a note in your log.

The three bars you highlighted are not a lateral because the second bar had a gap and after adjusting it it becomes a XR. BUT... The three bars could still be part of a lateral that started a few bars before.

 

[jack hershey]

Quote from frenchfry:

Yes. But forget about support and resistance. We need to identify price formations. What formation (10 price cases) does the new bar create in relation to the previous bar(s).

Can you find and post a real chart which contains a lateral? A lateral = 3 or more bars still in the shadow of bar 1. Add a few bars before and after and then try to degap all the bars with gaps.

What do you get after the degapping? Are there multiple ways to do the degapping?

I said that the algorithm could be something like this: bar 1 and 2 have a gap. Remove gap. Bar 3 has gap. Take the result of the previous degap (both bars) bar 1 and 2 and shift them to match the open of bar 3. Bar 4 has a gap. Take result of the previous gap (all three bars) and shift them to match the open of bar 4. Etc... I hope you understand what I mean. After a new bar has been degapped it will be added to the previous bars and then the all previous bars will be moved up or down. BUT!!! My algorithm could be wrong!!!! Ask Jack or tea_leaf.

You are correct and your comments are very helpful.

 

[jack hershey]

Quote from frenchfry:

If both h and l are higher (little or much) then it is a XB BUT only if the previous close and the current open are equal.

Looking at your image from left to right, top to bottom this is what I would say:

All top three = XB
Bottom: First is a Sym because the lows are not equal. Even if the difference between the lows is minimal. The last one is a XR.

Both of you are bringing out the matter of tick diferences versus the way a Best Bid/best Ask difference looks.

If between a new bar and a prior bar there is a tick difference a degapping is required. If the change is from Best Bid to best Ask or vice versa no degapping is required.

you are both contributing a lot to this thread.

 

[spatial]

Quote from jack hershey:

Both of you are bringing out the matter of tick diferences versus the way a Best Bid/best Ask difference looks.

If between a new bar and a prior bar there is a tick difference a degapping is required. If the change is from Best Bid to best Ask or vice versa no degapping is required.

you are both contributing a lot to this thread.

Thanks jack!
The gaps on a 5min chart may disappear on a 30 min chart, so the purpose of degapping is to solve the bbid/bask changing greatly at that moment of the end of the prior bar and the open of the present bar. After degapping,the bbid/bask changing became smooth.

If Best Ask - Best Bid>one tick, and the change is from Best Bid to best Ask or vice versa no degapping is required also, especially for stocks? Stocks usually have bigger difference between Best Ask and Best Bid.

Also want your comments on O-1,O-2,O-3.

Thank you very much.