jack hershey and others..

[bh_prop]

Quote from jack hershey:

You speak of constructing a low to low left trendline. If you have a BO of a left trendline, then the trend volatility is "making more money" in the short (This is a VE (Volatility Expansion))


At bar 9, you have the possibility Set C possibility coming up. You "know you know" you are carving long profits and reversing into a short position to take more profits in the next trend segment.

the BookMark and the rtl are placed by annotating with 100% cetainty.

Thanks for your reply.

Are P1's assigned on the bar *of* the C turn or the bar after? Are C turns the only turns that generate a new P1? I'm guessing no since a new P1 was labeled on bar 17 following an A turn.

Moving along, a long position would have been initiated on the close of Lvbo bar 16 and subsequently reversed on the close of bar 18, which (correct me if I'm wrong) is also a BM-Rev even though I don't see it annotated as such.

 

[jack hershey]

Quote from bh_prop:

Thanks for your reply.

Are P1's assigned on the bar *of* the C turn or the bar after? Are C turns the only turns that generate a new P1? I'm guessing no since a new P1 was labeled on bar 17 following an A turn.

All turns complete trends. Depending upon the type of EE, then a decision is made on the P1 beginning the next new trend. Thus the PP1 was an accelerating set of three P!'s (look for the similar rays on the B/W).

Here is the P1 context: All failsafe and A band EE's have a P1 assigned on the EE bar. All others are assigned at the first opportunity after the EE bar.

One of the failings of most systems or non system setups is the failure to use a bar by bar approach to measure the forward progress of trends. If an approach gets as sensitive as recognizing and differentiating types of trends, Then it is possible to consider taking the full offer of the market. not many approaches do this.

If an approach uses any type of trend it is usually the normal tradng trend composed of three price moves and the c to a to b to c sequence of turn types.

Moving along, a long position would have been initiated on the close of Lvbo bar 16 and subsequently reversed on the close of bar 18, which (correct me if I'm wrong) is also a BM-Rev even though I don't see it annotated as such.

good work. this is a series of c to c turns. you have the Ab- LVBO straight and a PP1 follows on bar 18. bar 21 is a c turn and its EE is the BO-T1. On bar 21 there is a P1 then P1, wait, then a PP3, hold on bar 23. The T1 on bar 23 is "between" the two P1's.

There are lots of levels of learning and thinking about markets.

what we are doing here is introducing how the independent variable controls the dependent variable. To arrive this far into the ooperation of systems in markets requires that the correct mathematics (dictated by the market) must be used.

Before getting into any precision, it does not matter what maths is used. As you see there is usually no standard for comparing performance of different methods. This is because the range of performance is so low that comparisons between approaches rarely have a statistically significant difference. 20% a year is nothing. Neither is 50%. Doubling only takes a brief period in almost any performing method.

Using big money is usually given as the reason. Why would any person choose to join with big money if alternatives existed? I guess the answer is that most people will not do learning or the work of thinking.

 

[oraclewizard77]

Jack,

Why did I let my fear shake me out of a winning trade? I was doing good on a short trade, and then killed it instead of letting it go all the way to my target.

 

[jack hershey]

Quote from oraclewizard77:

Jack,

Why did I let my fear shake me out of a winning trade? I was doing good on a short trade, and then killed it instead of letting it go all the way to my target.

You have good intellect.

As a consequence, your mind is participating with you to do iterative refinement.

As stated with authority in Behavioral Finance, your mind has figured out how to help you get to a higher level.

At the exact point where the "fear" stepped in, is the exact place to make an iterative refinement in your system. Your mind is suggesting that NOW (fear moment beginning) is the time to take an unconscious perception and make it a conscious perception in your trading approach.

If you review the last 20 to 50 points where fear has entered the picture, you will find an array of information that can be used very succinctly to refine your conscious performance.

It was NOT luck that got the target. It was an unconscious repeated effort that is based upon good intellect.

Please read the multipart well developed piece named "BF or BS" that is found on the Home Page of Behavioral Finance.

There you see the process for iteratively refining one's behavioral and trading system.

Mature traders do have feelings. When the fear feeling arises it is a time to journal thoroughly. Then, after hours, use the gift you journaled.

 

[justrading]

Quote from jack hershey:

You have good intellect.

As a consequence, your mind is participating with you to do iterative refinement.

As stated with authority in Behavioral Finance, your mind has figured out how to help you get to a higher level.

At the exact point where the "fear" stepped in, is the exact place to make an iterative refinement in your system. Your mind is suggesting that NOW (fear moment beginning) is the time to take an unconscious perception and make it a conscious perception in your trading approach.

If you review the last 20 to 50 points where fear has entered the picture, you will find an array of information that can be used very succinctly to refine your conscious performance.

It was NOT luck that got the target. It was an unconscious repeated effort that is based upon good intellect.

Please read the multipart well developed piece named "BF or BS" that is found on the Home Page of Behavioral Finance.

There you see the process for iteratively refining one's behavioral and trading system.

Mature traders do have feelings. When the fear feeling arises it is a time to journal thoroughly. Then, after hours, use the gift you journaled.

Checked out the site, some pretty interesting stuff there.

Thanks Jack.

 

[toolazy]

Quote from jack hershey:

You have good intellect.

As a consequence, your mind is participating with you to do iterative refinement.

As stated with authority in Behavioral Finance, your mind has figured out how to help you get to a higher level.

At the exact point where the "fear" stepped in, is the exact place to make an iterative refinement in your system. Your mind is suggesting that NOW (fear moment beginning) is the time to take an unconscious perception and make it a conscious perception in your trading approach.

If you review the last 20 to 50 points where fear has entered the picture, you will find an array of information that can be used very succinctly to refine your conscious performance.

It was NOT luck that got the target. It was an unconscious repeated effort that is based upon good intellect.

Please read the multipart well developed piece named "BF or BS" that is found on the Home Page of Behavioral Finance.

There you see the process for iteratively refining one's behavioral and trading system.

Mature traders do have feelings. When the fear feeling arises it is a time to journal thoroughly. Then, after hours, use the gift you journaled.

I see, now I get your system. you combine above stuff with volume and price.

 

[jack hershey]

Quote from justrading:

Checked out the site, some pretty interesting stuff there.

Thanks Jack.

YVW

 

[jack hershey]

Quote from toolazy:

I see, now I get your system. you combine above stuff with volume and price.

Yes.

Just begin with two price bars. See the brief drill called "research 2". I wrote it for our trading room.

we just go to ET and print copies for the group. I use the white board and we photograph the white board and print it to accompany the drill.

Since we "hilight our big wall screen, each of the price cases are there in a colorcoded manner.

Very quickly A person learns to read the market for logging since the chart is automatically annotated.

Dodd and Granville implied the market's algorithm. "Research 3" makes it explicit.

In past years, some traders have asked me to develop vrious systems form basic information feeds that were converted to indicators. All indicators reveal additional degrees of freedom from which "indicator signals" may be developed. The intermediate and experet levels of the cash cow were never presented in ET BUT they are very profitable scenarios to use.

Two line theory has never been presented on ET and it can be used as a leading indicator of price. For some reason, ET does not deal with forums that provide how the foundation of modern trading was established. It was completed well before the PC came along.

I wish ET had the capability to handle reports and documents or size. Our trading team is financing setting up a modern resource to supplement this void.

You are correct that if you find and fornulate the pieces of price and volume, you get the market's algorithm by putting the pieces together.

The market have very few RDBMS combinations of the building blocks called trends and turns. P and V pieces determine trends. Then 10 bands provide the locii for the 35 EE's.

I found it to be an amazing trip to design the Modrian table for trading fractal reversals and to include a failsafe addendum as well.

I am certain that in 5 to 10 years the market representations will be entirely different. But the underlying will still be the same but simpler.

The same thing happened in competitive sailing. My oldest winning boat was built in 1906 (Dark Harbor 12). I went to cruising and deep water sailing in 1960. Today, the hulls are not even in the water and 40 knots is a winning velocity. For TV, they drop dye along the path ... lol.

 

[tiddlywinks]

Quote from jack hershey:

You have good intellect.

As a consequence, your mind is participating with you to do iterative refinement.

As stated with authority in Behavioral Finance, your mind has figured out how to help you get to a higher level.

At the exact point where the "fear" stepped in, is the exact place to make an iterative refinement in your system. Your mind is suggesting that NOW (fear moment beginning) is the time to take an unconscious perception and make it a conscious perception in your trading approach.

If you review the last 20 to 50 points where fear has entered the picture, you will find an array of information that can be used very succinctly to refine your conscious performance.

It was NOT luck that got the target. It was an unconscious repeated effort that is based upon good intellect.

Please read the multipart well developed piece named "BF or BS" that is found on the Home Page of Behavioral Finance.

There you see the process for iteratively refining one's behavioral and trading system.

Mature traders do have feelings. When the fear feeling arises it is a time to journal thoroughly. Then, after hours, use the gift you journaled.

Jack, thank you for that BF site mention. Sooo much actionable stuff! :eek:

 

[ncx]

Quote from jack hershey:You need to do drills to learn.

Jack,

I haven't been reading the forum since our last exchange. So I have some catching up to do. But I have been working hard on the fixes you've provided me.

For other learners: Spoiler alert (take a pen and a piece of paper instead of reading).

Quote from jack hershey:The resulting 10 cases for price are perfect for AI use.

I deduced the 9 price cases tic tac toe. Only moves to adjacent non-blocked cells are possible (when bars are degapped). Sym is in bottom left corner. OB is in upper right. The paths are fun to watch. Sometimes only one path is possible regardless if price moves up or down.

I am a dynamic NOW window guy with a flowing volume equalizer. The two most recent volume bars in the equalizer is what I am watching. So I am beginning to see the music. Every 5 minutes someone takes a picture and the two volume bars and the two price bars land on a regular static chart. The second price bar and the second volume bar will cover something. Namely they will cover what used to be NOW. So I know exactly what and when the past will be in the near future.

It's fun to see how faster gaussians lead the slower gaussians.
So it's possible to know when the slower gaussian will peak. It's even possible to know what shape (peakedness) it will have since the shape slowly morphs from the faster gaussian shape and often stays intact.

Even though I see all this I am still learning to count to 3 (which is a big number).
How much finer should I cut at T2P is what I am asking myself now.


Thank you for all the magic. If that's not sourcery I don't know what is.

Amazing journey.