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

Quote from workwithus:

First chart(http://www.sierrachart.com/image.php?l=1383516112920.png) shows all gaps between days and bars.Second chart(http://www.sierrachart.com/image.php?l=1383515691324.png) shows start of day only degapped with previous bars shifted same direction and amount of start of day tick shift.Third chart(http://www.sierrachart.com/image.php?l=1383515779987.png) shows every bar degapped with previous bars shifted same direction and amount of tick shift.With every bar degapping any bar that opens higher or lower than the previous bar's close needs to be degapped.IF the current bar opens one tick higher than the previous bar's close all previous bars are shifted up one tick.If the current bar opens one tick lower than the previous bar's close than all previous bars are shifted down one tick.As for the "why" i'm sure jack is preparing his reply as we speak.
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Thanks workwithus for the pics. They do assist me.
And they do confirm what Frenchfry described to me.
That said, I do not see a use for myself as this degapping becomes nothing but a visual context, with invalid (vs actual) price context not suitable for real time trading for me, although I do use the independent and dependent variable. However, I will wait for more in-depth response before making a final conclusion as being a potential "tool" for my trading.

Again, thanks.
 
You don't need to degap if you do the degaping mentally. But imagine how much clearer Jack's charts could be if the bars on his charts were automatically degaped. All those additional, assistance lines he has to add on price would be gone.

You degap to see the price CASES clearly and correctly. In realtime you can still see the current price on the current bar. You are only shifting the previous bar(s) up or down.

So... you have the current price on the current bar and all you want to know is: What is this bar in RELATION to the previous bar(s)? Is it an internal, translation, etc.? Does it give us permission to measure volume or not? You don't kneed to know what historically the previous bar(s) values were.

Here are some quotes from Jack:

"...to degap it, the math is to change the historical values of all prior bars and keep the forming bar using the real market values..."
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"Degapping bar to bar is a requirement of RDBMS.

Fractals have their place. To see them correctly, degapping must be done before the observation is made.

People make decisions to enjoy a shortcut here and there. They are called "losers"."
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"...Because your display does not degap bar to bar, you miss many internal cases...."
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"...Bars are relative...."
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"...YOU MUST ALWAYS DEGAP...."
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"...Only degapped bars can be compared. So degap and then compare...."
 
I think this question was lost in the shuffle of a number of recent posts.
Quote from jack hershey: SNIP
This means that BO T1 turns can precede BM REVs on the next adjacent bar.
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This statement drew me to the Modrian Table in Set D/BM REV. Upon making it to Set D, BM REV links to BM REV ==> C turn. The latest version of the Modrian Table also listed an additional BO T1 with the notes, "Kill @ n-1". Could you further explain the "KILL" notation?
 
Quote from smwbbe:

I think this question was lost in the shuffle of a number of recent posts.
This statement drew me to the Modrian Table in Set D/BM REV. Upon making it to Set D, BM REV links to BM REV ==> C turn. The latest version of the Modrian Table also listed an additional BO T1 with the notes, "Kill @ n-1". Could you further explain the "KILL" notation?
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Sorry I dropped the ball.

This Drift type trend set (Set D) is in the context of a BM to BM Where the potential is there for a D to opposite D type sentiment change.

Bars are being named and a trend is drifting. If and when an rtl is in the space, then on a just prior bar (n-1) there is a potential for a BO T1 if a T1 has occurred. If there is no T1, then the turn could be a BM on bar n. This is a narrow context. If there is no rtl, then on bar n just a BM would be present.

I was, as usual (in JUN) compling a lot of turns and I noticed that, in drift, a given sentiment had been in place for a while. I was specifically interested in handling only correct sentiment changes. At tht time, I had been seeing triple consecutive c turns cropping up as well.

I admittted the BM to BM c turn to the Set D by narrowing its usage. The prior turn could not have an rtl geometric construction. and still allow a BM to BM c turn to happen.

Since I have begun to deal with aniticipation after gaining facility, I am annotating how to consider taking more and more of the full offer of the market. As you read the above, you will get more and moe of the orientation that comes with facility and finally having anticipation.

When a turn occurs, you put in the rtl ASAP and you adjust it as the seconds pass. Sometimes you remove it and this signifies only a BM is there. A translation is or isn't there as well.

Today on the open I was entring long and we had rehearsed on Sunday late afternoon how an OB on bar one was going to go. Also we had to set up the rtl using bar 81 and bar 1. We made a degapping bar and figured out how to set the "rays" we would be using. (one was the BM; another was to market the bar 81 top.)

Before that we had killed all annotations and re-annotated the end of friday. We kill annotations ever few days since if we didn't things get sluggish on TN.

So going in long would happen and a PP4 could cause us to go south at the top of bar 1.

I said I would mention the short to long value for the next reversal on the opening bar. So I did around 7:28, two minutes before open (I said "58").
 
DEGAPPING


THE RECENT POSTS ARE VERY HIGH QUALITY. thanks.

Those Sierra charts look terrific.

About five years hence, I believe charts will look entirely different. I believe unilateral bars will dominate.

Today, information bundles remain crude for the variables. Volume is interesting in that it always begins at zero. Naturally, I had to add the PRV shadow.

For a given price situation and context, so far, only one side of the BestBid/BestAsk is considered important to show. OTR charts solve this matter and so does the DOM.

People who do stats may or may not use bundles of information.

My conclusions for having a complete system of operation of the market came from the "completeness concept". A complete system affords "certainty" at all times.

At the UCSC, in the 70's, we placed a lot of emphasis on precision and correctness. I had been trading less than 15 years at the beginning of the 70's. Real time computing was really hitting it's stride and we were using back to back 360's.

RDBMS's were coupled to the Philosophies of History in many ways. Being strategic became important.

You can quote me: Adjusting History to be strategic in the Present is most important.

To create certainty in the Present can be best done by serially adjusting the past (slowly if need be) going away from the fulcrum of the Present.

ALL PRICE ANALYSIS STRADDLES THE PRESENT.

Boolean algebra created by granularity is most simplified by matching bundles of information to each other precisely.

Most platforms deal with quarterly roll over. Most deal with daily gap removal. Few deal with interbar or intrabar stuff.

I wrote all my system expressions as if degapping inter-bar was available to me. If not, I handled it mentally as part of being alert.

It is like the fact that we all read @ 1400 words a minute or so with total comprehension.

If I know 62 at 7:28, I know my second long reversal is at 58 in 20 to 30 minutes.

the Keynesian algorithmic theory applied to markets constrains measurement to vectors (magnitude with direction). RDBMS does vectors. Carnap presents logic theory in a Boolean manner.

On one side of the Present is a certain reference. Using a symmetric philosophy of history (Danto , Columbia) the other side of the Present is monitored and analyzed. By successive lock-ins, market system variables and the system context become known with certainty "in anticipation".

The bridge constructed across the Present needs to be free of constraints of any kind.

My Present is a window. Its width widens up to event lock-in. Then the Present moves to the right and sits filled with certainty; I take advantage of a "taking" to best advantage if "a taking" is called for. It is a two for one situation and context. What I carve counts twice.

Bar 1, today had an entry and a reversal short after OB lock-in. In 300 seconds, the bar formed. I had zero considerations about matching the close of bar 81 to the open of bar 1. Bar 1 went through a group of names and locked-in as an OB. Two measures of volume: P1 and the "next" T1. The event was a turn short (PP4 in volume and b ND to D turn).

For all trading, the Present sits between bars n-1 and n. They are exactly relative by having the close.1=open.0. Volume.1 is related to PRV.0. A vector relates the volumes when it has permission to be measured by a significance test (a vector context as well). If and when a trend ends it is measured as a vector. Correspondingly, a new trend begins and it is measured as a vector and with respect to its dominance.

Using a complete system yields certainty at all times.

The system of operation of the market involves its structure, its process and the results the process yields.

Granularity of variables, literally, collapses the problem solving to collecting all of the pieces, then putting the pieces together.

In highschool I got to mow the lawn for a Swiss watch repairer in Morris TWP, NJ. New York curriers brought watches to him and took watches back to NYC. He took the watches apart and put the watches back together. All the pieces were degapped and the watches worked perfectly. I moved his lawn quietly with a hand propelled lawn mover he had in his garage. It was always in fine repair. I cleaned it when I finished.

Please degap bar by bar. Move the history to do this.
 
Hi Jack, thanks for your continued input for those of us trying to move forward in learning.
You talk about degapping and the importance of degapping the start of day but yet you do not degap the start of day which is available through TN.

If it is as important as you mention why then don't you use the start of day gap removal tool that in presently available through TN ?

TYIA
 
Quote from FrontRunner:

Hi Jack, thanks for your continued input for those of us trying to move forward in learning.
You talk about degapping and the importance of degapping the start of day but yet you do not degap the start of day which is available through TN.

If it is as important as you mention why then don't you use the start of day gap removal tool that in presently available through TN ?

TYIA
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The specific reason is that doing it manually imprints my mind (our collective minds in the trding room).

You may have noticed that the TN effort is incomplete. We always have several in-force contexts we annotated. As I remember, the TN failed to handle degapping annotations.

Periodically I send multi-page emails to TN about potential upgrades of their system. I also attended a meeting to participate in learning how to operate the system (I wanted to hear some of the "why's"). TN ownershipis pretty convinced it is listening to its client population. They are not interested in serving a larger audience it seems. And they do not want to spend money on things that they do not feel are worthwhile they tell me.

I am definitely an oddball and commonly it is believed that extracting capital has a limit. Since I comment about a different level of extraction, it must be "unbelievable" and the consequences ripple on down the line so far.

I do the daily degap manually within a very brief time. Usually I am in the market and prepare to do a reversal later in bar 1.

As may be seen we are annotating trading (DA) on our charts as an adjunct to just the MA (monitoring and Analysis) of MADA.

The top and bottom 3 tick boxes (lightblue and yellow) are there to show the range of partial fills on reversals. Since we yield a tick on market trades, we consider the three tick vertical height appropriate.
 
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