Quote from ptunic:
Spyder, your charts from last year I believe showed FTT's, but I don't think I've seen them as much or at all in some cases this year. (My guess on this one is you can tell by where the new traverses and channel's point 1's are as they overlap with FTT's).
You caught me.
Over the last few months I have (without announcement or fanfare) attempted to shift the paradigm from
vocabulary based (FTT, FBO, Hitch, Dip, Stall) to
sequence based (Dominant - Non-Dominant - Dominant. Understand, this paradigm shift contains
the same information as before, but instead of focusing on vocabulary words (which include a wide variety of change signals and / or definitions) and taking actions based on the definitions of those vocabulary words, I have attempted to encourage, prod, cajole, push, and even shove people toward that which (most) everyone currently finds difficult to grasp.
In this fashion, a trader can then learn to
know when to
anticipate the arrival of change, note its actual arrival, and understand when the next 'thing begins' -
all prior to 'seeing' an FTT has developed.
Quote from ptunic:
On a similar note, I don't see Flaws annotated on your charts recently. (My guess here is this is more relevant for advanced /non-forest students, or bar-to-bar monitoring).
Again, these
vocabulary words simply indicate the
sequences have yet to reach their completion. In other words, it matters not
what we call something on the way to the point in time when one should anticipate change because until the point in time arrives, the trader has
no reason to expect a signal for change to develop. Fortunately, the market always cooperates, and follows the same set of rules. As a result, it isn't super important for you to know a 'stall' has just formed. Instead, it becomes of
critical importance to
know the sequences have yet to reach completion. As a result, such knowledge let's the trader
know that (whatever it is he / she sees) they do
not see a signal for change.
Imagine yourself driving down the expressway toward a destination a great distance from your home. You know the route, as you've made the long drive many times in the past. Along the way, you pass numerous large green signs with numbers and words detailing the names of the towns you pass along the way. Note how you pay little attention to these signs during your trip - barely noting their existance throughout the long drive. However, as you 'sense' a certain amount of time has passed on your trip, you insinctively begin to note with increased regularity the exit numbers and the names of the towns on each of the signs you pass - calculating how far to the actual exit you need to end your time on the expressway. Once you arrive at the exit, you know to end this portion of your journey, and begin another portion.
Throughout the trip, the large green signs along the route had the exact same dimensions, the exact same colors, but they did not provide a signal for
you to exit, until you reached the point in time where your journey on the expressway needed to end. As such, you ignored these signs right up until the exit you needed, but monitored them closely as you neared your off ramp in an effort to make sure, you didn't 'miss your turn.'
The same holds true for markets. Once you know the 'route' the rest is easy. Fortunately, the 'route' everyone needs to take proceeeds right through the
Monitoring portion of the M-A-D-A Process. After one masters the 'M' phase, everything else falls quickly into place.
Quote from ptunic:
I was wondering on the significance (if any) of these changes, and your recommendations in this area for the Annotation / M stage (again specifically for beginner/forest-level students).
The significance is you've been learning how to SCT the markets. As I have often said, "SCT represents a
consequence of the learning process." Focus on the sequences which occur in
every Traverse. Learn to spot them
well in advance of their completion, and note what changes occur at the ends of these sequences. In rapid fashion, you'll be able to 'see' the journey in the same manner as driving a car. You won't need to look for the road signs (signals for change) until you arrive at your exit (sequences complete).
HTH.
- Spydertrader
