Quote from river:
Thank you for setting up tomorrowâs open. Your posts will take at least several additional close readings to digest.
At the risk of showing my complete ignorance: What does âULâ stand for? Is it possible to explain what you mean by bar 81: â81 T2P P is there to show both sides of the pt3 to FTT sub fractal boundaries. T2P established that the third move is beginningâ?
I donât believe Iâve ever come across UL or T2P before in any of your other postings in ET.
-river
Today's trades were: enter short on bar 1, reverse on bars 6, 44, 57, 74, and go flat on bar 78.
The carryover for tomorrow is as follws: From bar 74 the market has been in a short trend. Pricewise the trend moves 1 and 2 are complete and move 3 is finishing.
Volume wise we are one step further than yesterday. So bar 1 is assigned as a potential End Effect but it could squeeze into the short trend as a short participating bar. EE's are measured before trend categories.
For the OOE of internals, there is a volume consideration. Most internals have larger volume on their first bar and smaller volume on the second bar. This means the sceond bar plays the role of "a wait".
Occasionally this is not the case. If ocean5 had been logging on the log I gave him (if he could have understood how to compose a master sheet to copy), we all would have seen a glossary of terms for each log column. So when an internal has a hihger volume second bar, I log this as Use Larger with UL. this means that the bar has a "next" category assigned from the OOE of the Pattern volume categories.
Today, bar 79 got to be T2P. Bar 80 was a wait. bar 81 is the other side of the sub fractal going from the volume trough to the EE coinciding with the FTT of price. So the volume container is set up and the EE in volume is on the next bar or the next bar extends the sub fractal (a binary choice). the name of the next bar is bar 1.
this am a lot of people got trapped as they told us. this means more and more CW people are being ID'ed. PA sets up a lot of traps. the opoen today was one. The open tomorrow will be another.
opm today I start some prep. for some upcoming procedures tomorrow. I have a long recovery scheduled. During that recovery I am what is important to me.