Quote from smwbbe:
I've read about the different turns (a, b and c) and the different Trend Types on the Modrian Table (A, B, C and D), but they aren't clicking in my brain. Why was it a c turn on bar 76 on the 27th?
The explanation is found on the chart annotations. you have that
Is it considered to be a c turn if you have the n-1 and n pair on the Modrian Table?
Yes this is the sole purpose of the Modrian table. I am in the process of explaining to FF how the table is used
Do all PPx EEs create an automatic reversal?
All EE's dictate a reversal. this is what is called taking the full offer of the market. Reread the week 6 report and the trading prints.
All trading approaches deal with making money to some extent. At some point traders advance beyond beginner where entry/exit, sidelining trading is done. as this mental shift occurs, being in the market all the time gets put on the table. to be in the market, you have to always be on the correct side of the market.
An exit is supposed to take the full profit segment. Simce this is a way of making money, it is logical that any proper exit turns into a reversal. If not, then the beginner goes to the sidelines and hopes to find another entry sometime that will work.
Such people have two sets of feelings: in the market and on the sidelines. we just have one set of feelings that correspond to the sideline feelings of CW beginners who do entry/exit.
I wish I could make the connection between the lack of c turn (after being able to identify a c turn) to the trend type (in this case, D).
Lay out your Modrian table as eight panels. there are four columns. From a c turn you use the left column. For an a turn after the c turn you use the Set B colum. For a b turn after and a turn after a c turn you use the SET C column. This is a normal three price move trend.
SET D on the right is the "drift" trend. Pairs of a to b turns occur in drift between the beginning and ending c turns.
All of this comes from the use of deductive logic. Mentally it is a good idea to work in this manner as a rule. Quants use induction instead. So they make a whopping 20% a year. the prints of week 6 show that 20% of 12 is 2.4 contracts in buying power. No trading day does as poorly as a year in quant thinking.
the use of the mind is a fun thing. Not thinking is the norm.
the Modrian Table is an exceptional tool. What is not explicit is very weighty and elegant. When you get the left column down, you will become very adroit (sorry, lol..)
I believe I'm reading my way down the Modrian Table in the Dark Blue portion and see that the first two n-1 EEs are PP1 and PP2. I believe you're saying that because the n-1 EE isn't there, the trend will continue. HOLD.
Ahhh yes. Very adroit. there is more....... keep thinking.
Also, your chart indicates no accel even though there are 3 P1s in a row. I have to admit that I would have assigned it incorrectly. (assuming that the 3 in a row trumped the Add'l Req section)
In trading, a thing called differentiation can be involved. For example some of the species have advanced to multiple TF's. WOW.
We go to triple AAA league thinking quite early. we see between and we se "NEXT". We even have WWT and WMCN.
Ab is an n-1 EE for the Dark Blue Panel. I'm not quite sure why it's pay dirt though.
Thank you for walking through each of those bars. If you could provide additional context for making some of the connections that seem so natural to you (turns, Trend Type, etc), that would help tremendously.
You are fully engaged in thinking. I support your learning. I nudge. All we need is 7 more days. Once you see the form of peices, then you begin to put them together.
Our language hase 21 letters. We make 35 words. there are four forms of sentences.
Go through Samuel F. B. Morse's trip of inventing the electromagnetic solution for transmitting information.
1. List the frequency of letter usage.
2. use two items to code: dot dash.
3. make a pyramid of quantity of dots and dashes.
4. work top down
give me an E give me a T
give me a bunch of twos: i, a , n, m
give me an SOS: dot dot dot/ dash, dash, dash/ dot dot dot.
giggle me an R: dot dash dot.
we have peaks and troughs. we have 10 cases of price.
Three days of reading the market doubles capital. Lets just get 5th through 8th graders doing this as a game.
By high school they can replace the legislative branch of goverment by putting Wall Street money to work instead of taxation.
Organic chemistry is just as much fun. Doctors hate learning organic. lol ....
bill gates really slipped it to IBM from a garage and swiping something from across town.
buffett is not varsity material. OPM is the slow way.
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