Quote from smwbbe:
Oh I wish they did. I actually saved your chart from a previous post.
I'm still not getting the BM,REV in this situation for me. It was placed at the bottom of bar 2 where the BO,T1 occurred
Is this correct??
Yes. Bar 78 sets in place a BM and an rtl. Bar 79 begins a lateral Bar 2 is the lateral BO. In July there was no retro 4. (See FF's remarks on how I constantly chang the rules) With the BO of the lateral a T1 was assigned by using the thre steps of the volume test procedure. This means on bar 2 a T1 is in force. The degapped rtl is also there as is the degapped BM. the two ingrediants for the defined BO T1 are present on bar 2 because the T1 was measured and the BO of the rtl occurred. The modrian Table is consulted to determine the turn's name. It is placed on the bar with an arrow that shows the reversal direction. (long)[/color]
With the BO, T1 you place the BM at the bottom of bar 2, and you're looking for a bar to close on the high side of the BM.
Yes. Note it was impossible to place an rtl. this is a clue in trading.
. You are looking to make money and have the subsequent bars change the price to be making money.
Bar 3 closes below that so another BM is placed on the low of that bar.
Yes. a safety feature kicks in to keep you on the correct side of the market. The turn has happened.
Maybe as these turns keep hapening, you will begin to think about the "context" of the bar-by-bar analysis of markets.
You write six words or names (the 3) in a row and then type "another" and go about adding more words. Another is not derigour for the OOE of turns in markets. The norn is that the CW folks just alternate. Having another is NOT alternating.
Thus, there is a possibility that a block of knowledge need to be dumped into the mix.
for now lets let it go that I place two consecutive long arrows on the chart at the time a proper arrow was needed on bar 3 at the very time in real time when it was added. as this weekend unfolds I will be reporting about the last four days of last week's trading. In that axposition every one gets another wakeup call about prints demonstrating what is what. As I have said my having a contest with some ET member would wreck ET. My reporting a teams learning efforts will not gain much interest so will not affect ET very much.
Bar 4 does close on the high side and you reverse.
we went long on bar 2 turn. We had a turn on bar 3 and DID NOT REVERSE BUT STAYED LONG.
Bar 4 was an internal BUT it was an UL (use larger on second bar). In price housekeeping permissions bar 3 was assigned P1 and on bar 4 permission to use the volume test pocedure yielded another P1. So we held long on bar four as price moved further and further into the long trade. Money is being made.
There are a lot of things at play in this general approach.
As it turns out, I have spent time going through conversing about a day of annotating and logging in the past. for some reason most people prefer to go through a process of working on a few bars, getting a result, then asking me if they did it correctly.
It turns out that an error of omission has occurred and what is learned is learned about how errors and/or omissions thwart a person's progress.
It usually takes a few weeks to get through a day.
For many years I suggested to people to do the work. So they do not.
To use an example, people often go through schooling and turn out as depicted by Briggs/Meyers. If they reflect on thier education, they find that their teachers concentrated on their weaknesses.
To quote a fav of mine: "Hide not your talents. They for use were made. What's a sun dial in the shade?" B. Franklin.
At Gallup, Clifton, Rath and Hartner took B. Franklin seriously and countered Briggs/Meyers with Strength Finders 1. 0 and 2.0. and Wellbeing Finder 1.0.
My psychiatric work centered on a theory of learning. Its acceptance is following the usual path.
The bottom line is self evident for learning to trade as an expert in 40 days. There are many successful approaches to trading. they all encompass just a few traits. Those traits are what helps a learner in an environment to rapidly get to the knee of the curve and become operation and soon become expert.
ET is not set up to be condusive to learning and growth from several viewpoints. ET has a lot of people who are set in their CW earned ways. These closed minds are to be expected. CW thinking pemeates the web sitejust as the military approach permeates the chain of command and civilians are elected to top off the chain of command. In business CEO's dominate corporations and funds of the FI.
Thus the scene is set for taking the full offer of the market as an alternative.
