@Sprout, this is the first part of the Matrix of the 9 volume cases X 100 price cases = 900 cases.
You had said some people will do the work, others will think there's an easier path. I feel myself part of the first group
I have found myself down some little issues that I feel I could solve as I build LTM, but I have for now to express them.
First, the main thing I notice doing that drill, is that there are combinations of price cases that make surge, by nature, whatever volume does, a shape. Others will make appear two opposed shapes, and volume will make us decide to include or exclude the third bar.
Some other cases just do not show any tape buildable.
And to go deeper, some cases can be both the two quoted above : I dont know then if the way I see/build the tapes is the easiest and first way my mind decided to create the shapes in order to get uncounsciously what I wanted to see, or if the most obvious, basic option that is precisely the way to see/perceive it.
Anyway, whatever the answer is, it causes me problems as for the resolution of that 900's cases matrix, but not necessarly on live charts. It's like if there are things I do not know how to label on that drill, but that do not cause me problems when they appear on a chart, and this is simply because the main issue I have on that drill is when I need some more context to decide about include/exclude the 3d bar.
On the pics of the sheets I post, you'll see apear some red circled cases, that are some of the cases in where depending on the prior context AND/OR the way to create the first/second price case (it deals with the length of legs of certain bars into the combo), we can include or exclude the last bar.
And you'll see some *. Here are the explanations for it (not all cases are discussed, but what I explain here covers all the issues I have :
* -> for example here, for any volume case paired up with FTP/FTP, I see a Lateral. So, whichever volume case can appear, I'll always include the 3d bar, and end with seeing a Lat. Is that correct ? It seems too easy to be true to me.
(I suspect my last sentence to be quoted and commented ^^)
So, in terms of the tape including FTP/FTP, I kind of see both a long tape and a "non-sloped" one, the lateral pattern so to speak. I both annotated them for each FTP/FTP.
You've not numbered your questions nor coupled them to the pics.
In general, an FTP followed by an FTP could be one of two cases.
1)The second FTP is within the bounds of the first, thereby forming a Lat3 with a faster fractal within forming a RTL.
2) The second FTP is not within the bounds of the first, in such a case the 2nd price case is not an FTP.
** -> clear example here, logically, geometrically, a FTP/FBP can only make appear a long tape. I see it kind of an ideal case. This is not a problem, but important enough to be mentioned. The ideal aspect of that case repeats itself a lot. Like if some cases forced us to go the easyness of recognizing very quickly which tape to draw or not. Pleasant.
Check again. An FTP/FBP 3 bar combo can and frequently form within laterals. Depending on the volatility of the form and where the bar closed determines if there was a BO of the FTP rtl or fanning the FTP rtl is more appropriate.
*3 -> example here where the length of Leg3 of the third price bar will either create a long tape or a kind of "no tape" (for example on AB volume case). In the case of "no tape", I'd say it depends (as always) on the context. Some cases on that drill provide context enough to scan and draw, others don't. It depends on the prior price/volume bar. In order to get a clearer view, I annotated 8 of the 9 paired up volume/price cases with the SR creating a long tape, but I firmly keep in mind that it can be a "non-tape" case, leading us to go back in time to decide if we are to include/exclude the 3d bar of the FTP/FBP case, both with volume case. But it's even harder when I think about the fact that if the 3d leg of the 3d bar is inside the 1st one, cause I'd see a Lat.
You're using AB labeling in a completely different context than ID'ing EE's. In general, there is no "non-tape" case. All price cases are mathematically derived. When a bar forms it is one of the 10 price cases without exception. In a series of bars, trends interlock, and in so doing there is bar or series of bars where trends also overlap.
*4 -> another problematic case as for taping : in this case I see a Lat in any volume combo underneath FTP/H. But I can also see a long tape. In the AA volume case, I illustrate the Lat I see, and on the AB case : the long tape. And for all the remaining cases, I draw both long and "Lat-tape". No matter what is the volume case, the 3d bar here will always be included.
A FTP coupled with internals is a Lat3. When coupled with StB can be a fanned long or a BO of the rtl, depending on where the bar closed. The close is exact to the tick when degapping.
*5 -> by nature of the geometric pattern of FTP/Lat, I'll always see a Lat...and/or a long tape. Same as *4. But the issue is, what about volume case ? Cause I'm pairing up since the beginning the price cases with 3 volume bars, and I need a 4th one here. Am I to create a matrix for each case showing a Lat with all 4th volume bar combo ?
The volume on bar2 and bar3 of a potential lateral is checked for UL. Internal bars are wait's, thus are not measured unless they activate UL or were assigned a P1 from a prior EE. Even they are waits in terms of volume, they are still annotated to the OOE. In general Laterals are the non-Dominant traverse of a larger trend. This is not always true in that some Laterals contain a Turn by Trend type.
*6 -> the length of Leg 3 of the 3d bar price creating the XB for example, will make me see both a Lat and a short tape ( if high of Leg 3 of bar 3 is under/equal to high of bar 1) or a "non-tape" case (if high of the 3rd bar's leg3 is higher than high of bar1). On the AA, I created a short tape (but there's at the same time a Lat for me). On the AB case, I created a Leg 3 making new highs. This takes me back to -> what happened before ? We could either be about to include that 3bar into a prior long tape, or exclude it from a prior short one.
I'm not gonna comment for your AA and AB labeling is confusing. A band EE's require 4 bars not three. At three bars, the pre-primary band is the only one active.
That drill, even though I have not finished it yet, is like "making its path" in my mind. Do not know if I am understandable with that last sentence ^^
I feel the importance and understand the goal : be aware and ready at any time to distinguish what can/must/cannot surge just after I've just seen before. Road towards satisfaction, and this time no need to ask it.
This is true.
Price movement is finite. The more you can identify what is currently presenting from what just came before within a larger context, the more you'll know that you know WMCN.
The feeling while doing that drill is very pleasant, cause I do feel it's a time-consuming work that leads to a tremendous time-saving in a close future.
I take a break of 1 hour, and will be back to post about the VTP, which is my main goal currently.
by the way, what's your native language ?
