Making JH' SCT and all his material alive
- Thread starter WchPl
- Start date
Calling some clearer-than-other-zones « certitude zones » was maybe ambitious.
Better say, let’s order now the zones from less to most doubtful, concerning nodes and the flow of FCC1.
I can feel I’m about to solve the entire FCC1 very soon. By very soon I mean before the end of the week. And I’d love that, so that I could move to cycle 2.
I’m also waiting for maybe a good new as for the tools, along the week.
All the follwoing will be done from memory. Not a glimpse at my sheets, nor at the FCC1. So some things can be false.
I will divide the following in 3 parts : first, I’ll give the simplest definition of each node I have in mind. When I don’t remember anything, then I’ll watch a sheet and I’ll signal it by putting the text in blod. Then, the second part will be dedicated to every possibility I see when coming at any node and see which scenario is covered by a node I understand, also see which scenario is covered by I-don't-know-which-node, notice the degree of doubt I have about this node definintion, so it will help to see the areas where it involves a more or less doubtful node. And thirdly, I’ll make a conclusion and try to see what I can do to solve the remaining areas, and if prior 2 parts have produced new input or, let’s dream a bit, some Aha.
PART1
NB : the categorization does not refer to the nature of nodes. Some nodes in their own nature may be clear to me, but being as they directly relate to things I don’t understand, it makes them less clear to me.
Clear
Q-node : that’s where we are atfer LI occurs for either F/G type. We’re here about to determine either R/S when n+2 begins.
W-node : that’s the lock in occurrence for either R/S node. I see W like the L of n+2.
X-node : node through which we pass during exiting after surge of non-Dom.
Y-node : feedback loop node after W that sends us back to Q and choose R/S at next bar open.
Quite clear
A-node : this is the last but one node we are on, after exiting. It connects ends of Dom to beginning of non-Dom. At A, we choose B or C in function of the liquidity.
B-node : this is what we chose from A, if we’re out of midday AND our current bar is decreasing. If it is decreasing from what says PRV, I see it as a temporary nature of the current bar. If it’s EOB, then B is the last status of the bar.
C-node : this is what we choose from A when all B conditions are there AND whe’re in midday. B is the C for out of midday.
F-node : After a given bar is in B node OR after a bar that had B status at EOB, volume can surge superior to prior w/ color change. That’s F status.
G-node : Like B is C four out of midday, I see G as F for coming out of midday, plus a precision. G needs to come from C, and volume needs for that to be superior to prior peak, any color (had to verified)
H-node : after ID either F/G on n+1, PRV can fail to maintain its level above reference. In this case, whether it’s at EOB or before along any of the 3 remaining PRV measurement (the first one has produced F/G status for the bar), the result is that we use H to exit via J/K to A. H is the exit feedback loop to A via J/K.
J-node : J is a mere non-Dom volume move. It can happen at any bar.
K-node : K is when volume falls below prior, any color.
L-node : that’s the lock in node for n+1 bar. It happens after F/G and that’s when volume exceeds prior volume bar. It makes us hold through EOB. R-node : one of the choices from Q at n+2. That’s when volume surges > prior bar w/ same color. We hold at this.
S-node : the other choice from Q at n+2. That’s for a volume surge > prior trough w/ same color. We hold here.
T-node : it’s the passage we use from R to use U to gate for N test. We can revert at S if volume declines below prior but remains above prior trough.
Fuzzy
N-node : it’s the doji test node. Two results exist ; pass or fail.
U-node : we use U to gate from R or S depending upon doji circumstances.
V-node : it’s the passage we use from S to gate to U when a doji appears.
Z-node : where we are after a doji pass
Quite doubtful
D-node : that’s the node we’re at when, after B or C, the PRV makes look back and consider prior bar (the one we lookback to) is a trough. This kind of PRV would mean it is above prior bar. D is the gate to F/G
M-node : that’s when a doji situation appears. It sends us to test the doji. It can either pass or fail to pass.
Doubtful
E-node : It is at open of n+1 and we either choose F/G or we exit after coming from N test pass.
P-node : that’s after N node test. For a fail, we use P feedback loop and are sent to E.
To be continued…
PART 2
I’ll do that by retaking prior nodes classification and spot where the more or less clarity comes from, in a « I don’t know why/where/if/which » maneer. This will put the light on my doubtful areas and will surely help to expose clearly where my uncomprehension, sometimes, resides. The blue texts are the current post.
Clear
Q-node : that’s where we are atfer LI occurs for either F/G type. We’re here about to determine either R/S when n+2 begins.
Why is Q so clear ? Because it’s a node that we’re at, holding until EOB and nothing can happen from here except doji. Ow, I could then have put this Q node in the same category as N.
W-node : that’s the lock in occurrence for either R/S node. I see W like the L of n+2.
Same as Q and same remark.
X-node : node through which we pass during exiting after surge of non-Dom.
In its nature, it’s for me the easiest, simplest node. I see X as a pre-A.
Y-node : feedback loop node after W that sends us back to Q and choose R/S at next bar open.
I feel good with this node because it’s just after a lock in surge in n+2 and we have to hold through EOB. N could happen. Ow, again, one node removed from clear category.
Quite clear
A-node : this is the last but one node we are on, after exiting. It connects ends of Dom to beginning of non-Dom. At A, we choose B or C in function of the liquidity.
The « quite » before clear comes from the fact I’m not able to distinguish midday from out of midday yet. With this solved, A would be in Clear category.
B-node : this is what we chose from A, if we’re out of midday AND our current bar is decreasing. If it is decreasing from what says PRV, I see it as a temporary nature of the current bar. If it’s EOB, then B is the last status of the bar.
Same as above. « quite » before clear relates to C and its midday concept.
C-node : this is what we choose from A when all B conditions are there AND whe’re in midday. B is the C for out of midday.
Same as above
F-node : After a given bar is in B node OR after a bar that had B status at EOB, volume can surge superior to prior w/ color change. That’s F status.
In its own nature, F does not cause me any problem. So where does the doubt come from ?
It comes from the fact that I’m unsure about if during a single bar we can pass from B to F.
The other source of the doubt is that F covers only INC w/ opposite color while out of midday : Idk which node would cover the surge of INC volume w/ SAME COLOR.
The one but last source of the confusion is when is determined that we’re at F status : at 12 seconds ? and then, when could PRV invalidate this and take us to J/K ? Idk if it’s at EOB or again, if at any moment during the bar we can cut to X for that between 288 and 240/180/120sec PRV measurements, we have DEC volume.
The very last doubt comes from how to choose between J and K. Idk if they relate to different kind of bars, like F and G do.
G-node : Like B is C four out of midday, I see G as F for coming out of midday, plus a precision. G needs to come from C, and volume needs for that to be superior to prior peak, any color (had to verified)
The doubt comes from the midday issue that remains intact for now to me.
H-node : after ID either F/G on n+1, PRV can fail to maintain its level above reference. In this case, whether it’s at EOB or before along any of the 3 remaining PRV measurement (the first one has produced F/G status for the bar), the result is that we use H to exit via J/K to A. H is the exit feedback loop to A via J/K.
That’s also a node that does not bother me in its own nature. It’s what it’s related to. Idk how to choose between J/K.
The second source of the doubt comes from : can we use J/K at any moment during the bar, and if yes, does this seal the status of the bar until EOB, or, if not, are we, as I do think, sent to A (then we’re in n bar) where we choose B/C before being possibly sent again to F/G or even to L quickly ?
J-node : J is a mere non-Dom volume move. It can happen at any bar.
The doubt with him comes from the fact that I can’t differenciate it from its brother.
K-node : K is when volume falls below prior, any color.
Same as above. But I do understand the nature of the node.
L-node : that’s the lock in node for n+1 bar. It happens after F/G and that’s when volume exceeds prior volume bar. It makes us hold through EOB. R-node : one of the choices from Q at n+2. That’s when volume surges > prior bar w/ same color. We hold at this.
The doubt comes from what is exposed in the second source of the doubt in H node. I can feel it’s an always-coming-back issue.
Also, Idk which node would cover an INC w/ color change scenario.
S-node : the other choice from Q at n+2. That’s for a volume surge > prior trough w/ same color. We hold here.
The doubt has multi sources.
First, and this doubt is valid for many nodes, I’m unsure if when the text says choose « » at the beginning of bar, it means as I do think, at 288sec.
Next is that Idk which node would cover an INC w/ same color below prior trough. Maybe that’s simply impossible and there’s a lack of DD of mine her.
I might add, I think the « sandwich » node echoes to the « first trough » of a pattern which is its reference. This node sends me to hundreds of items in my mind.
A well-garnished sandwich.
T-node : it’s the passage we use from R to use U to gate for N test. We can revert at S if volume declines below prior but remains above prior trough.
Why does this node is node very clear ? because there is zero node to which it refers that stands in « Clear » category.
Fuzzy
N-node : it’s the doji test node. Two results exist ; pass or fail.
The first doubt I have deals with terminology. I don’t know if I know what IBGS means. Not saying Idk what it stands for. I know what it stands for. But I’m unsure to understand the concept.
Also, N can send to Z, with which I’m not feeling great.
And finally, I don’t feel at ease with the two remaining arrows reaching P feedback loop.
U-node : we use U to gate from R or S depending upon doji circumstances.
The doubt comes from the « depending upon doji circumstances » part. But that’s like a legitimate doubt for now as I know I’ve not worked wholly through N node and its close nodes. So let’s ignore this doubt for now.
V-node : it’s the passage we use from S to gate to U when a doji appears.
The doubt comes from the same as above.
Z-node : where we are after a doji pass
That’s a node that provides doubt due to unsufficient work from me. Again, I ignore it.
Quite doubtful
D-node : that’s the node we’re at when, after B or C, the PRV makes look back and consider prior bar (the one we lookback to) is a trough. This kind of PRV would mean it is above prior bar. D is the gate to F/G
I have doubts on this node cause I do not understand the idea of « PRV makes us look back ». This would mean some PRV level could make one no look back. Idk not which nor why.
Also, I have read in the 3x5 cards, that we establish a reference trough on n bar OR BEFORE. Idk if this means « search for the last trough » or if what is implicit is « search the trough that initiated the current trend segment ».
Plus, I don’t understand why this node exist, a bit like H for example. Like if directly from R/S to X, or from B/C to F/G were not possible. The only reason I see why D node is there, is to precisely establish a reference which makes the difference for what will come next.
M-node : that’s when a doji situation appears. It sends us to test the doji. It can either pass or fail to pass.
The doubt I have with that node comes from the fact that it only exist in n+1 column. It’s like prior node : I don’t understand why it exists, I don’t understand why N is not sufficient. Apart from that, clear.
Doubtful
E-node : It is at open of n+1 and we either choose F/G or we exit after coming from N test pass.
This is a full of doubt area for me cause I don’t understand how and why we can exit from E.
P-node : that’s after N node test. For a fail, we use P feedback loop and are sent to E.
I’ve not worked enough on this node, nor on any node directly linked to N.
Mainly I see that :
- I need to work more through N and surrounding nodes
My doubts come from :
-The reason why certain nodes exist
-The double nature of some nodes (E)
-The reference trough used for the beginning of a trend (D)
-The precise meaning of IBGS
-The momentum when « at the beginning of bar » we ID its node
-Ignoring which node, in n+2, would cover cover an INC w/ same color below prior trough
-Being unable to differenciate J and K nodes
-Being unsure about if the path from n nodes to n+1 nodes along a single bar, and from n+2 to n to n+1 nodes along a single bar, is possible. I am unable to pass from n+1 to n+2 type of node inside single bar, but I do can as exposed at the beginning of this phrase.
That’s the biggest doubt I need to clear up I assume
-When/How does midday begins/ends. But I must say I’ve just seen something : G is not DURING midday, it is when coming OUT of midday. So both F and G are OUT of midday. So this would make G possible to surge only once a day.
-Which node would cover INC vol w/ same color on n+1
-The number of times to use PRV along a bar AND do we use PRV on n+2 too ? if yes, then why is it explicitely written on the Cycle 1 chart on n+1 column and not on all ?
Although this post is more than anything exposing doubts and uncertain zones, it’s a very very very satisfying sensation to be able to expose it clearly and explicitely. For me, and beyond.
It was ambitious to think I could do a log. It’s not gonna happen. I began work at 11 :15am and it’s 7:02pm now.
Any support, destination towards which going, precise post on the ExSc or so, will be highly appreciated.
See you tomorrow !
Your studies sure are complex and I have to say I'm curiously intrigued by these teachings of Hershey.
However, I have to admit that I'm a bit skeptic with regards to actual applicability in a live, moving market with real $$$ on the line?
Any ideas on that? How do you expect to tie all this together in actual live trading?
Logging data and thinking about what happened after hours on a dead chart is just so different from live trading with $$$.
However, I have to admit that I'm a bit skeptic with regards to actual applicability in a live, moving market with real $$$ on the line?
Any ideas on that? How do you expect to tie all this together in actual live trading?
Logging data and thinking about what happened after hours on a dead chart is just so different from live trading with $$$.
Today will be dedicated to N node and its surrounding nodes
AND
to solve as much as possible the doubt areas as exposed in my last post with blue texts.
I've been at this for 10 years myself. I know that everything I'm using and looking at is extremely complex for someone from the outside world. Even for someone in the world of trading.
Still, live trading is where the rubber meets the road.
Have you traded live in the past?
Still, live trading is where the rubber meets the road.
Have you traded live in the past?
I am editing this post compared to first one I had posted.
- yes those studies are complex
- I understand totally your scepticism. Many pieces are counter-intuitive.
- about my expectation to tie all this together in actual live trading, I am not expecting anything else that what I've already personnaly done in Spanish or Foosball. Search with keywords spanish and foosball in this thread to see what I mean. Plus, what you call tie all together looks very hard when one is not nested. Your doubt may come from this. @Sprout would surely confirm.
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- true
- and yes I've traded live in the past for about a year trying to apply JH concepts, which I did not manage to do because of a lack of work.
Okay.
Just know that I'm rooting for you and am in no way saying it's not possible. I just know all to well myself how easy it is to log a day or annotate a dead chart versus actually trading the live chart with real money on the line. It can be compared to walking a tight-rope elevated a feet of a solid floor vs walking one that's spanning a deadly fall to death.
I feel bad just for asking this, but have there been any actual proof that anyone has achieved the kind of success Hershey claimed to have with his methods on live trading? Consistently taking the day's full offer, i.e., n times the daily RTH range?
Either way, I will continue following this thread with interest and curiosity. Maybe I'll even find the time to delve into Jack's teachings myself one day.
Good luck on your continued studies.
N Node study
We can arrive at N from (n+1) AND from n+2/
From (n+1) we use M for either FG and either before or after lock in (L). This means whenever L happens and either it surges or not, any surge of M along n+1 sends to M which sends to N which is the doji test. On the other hand, we arrive at N when coming from R/S. This is said using a shortcut. We need to break out the paths in question. As exposed in the 3x5 cards, you can arrive at N coming from U via T or V which comes from R/S. We know R/S are the status for n+2. Then , to decypher the path from R/S to N, we need to break out the steps making the paths in question. For that, we need to focus upon mentionned in-between nodes from R/S to N, which are U, V and T. Along the path, seeing as how it is exposed (VIA), R/S pass VIA T/V through U to N. So, first step is T/V. T is coming from R, V is when coming from S. R goes to U through T, while S goes to U through V. It reminds me C goes to G while B goes to F. So we’re at R/S.
I we are at R first. A lock in can surge before EOB and that would be a W lock in node. Whether and whenever this happened, if a doji appears, we would be sent to N in any case. So if we’re at R and a doji appears, then we pass through T. T is a choice node, and X and U are the choices. U is the gate for N. It is used (N) when a doji appears. Therefore, at R, let’s say we have a doji. In this case, we pass through T, we use U to gate to N. So this path would be R>>T>>U>>N. It was the first one.
Let’s restart from S. S by nature is surge of volume superior to prior truogh w/ same colr. Again from here, a lock in could happen at any time ; this case would make us, like for R, choose W. But once again, a bit like a FS in RDBMS takes precedence on any other EE, if doji appears, whether it’s before or after lock in, we are sent to do N test. For going from S to N, we then start from S, then as doji surges we pass through V and choose U to gate to N. So this path would be S>>V>>U>>N
Thus, to pass from n+2 to N we have two possible paths : R>>T>>U>>N and S>>V>>U>>N. Now this is done, let’s go back to N node.
After arriving at N, we test the doji. What is the question : after close went back to open, does close pass through the open ? What are the possible answers ? Yes or No. Yes is pass ; No is false.
What if the result of the test is pass ? According to the 3x5, it feedsback to X for an EXIT J or K IF and WHEN nonDom results. My comprehension of this is that at the second the doji test passes, we look at PRV. Here, two possibilities. Either PRV shows INC volume, or DEC volume. If DEC volume is shown, then the action is to EXIT by either J/K towards A and then choose B/C.
Immediately, I want to DD something from this last sentence. That’s what jumps to my eyes. As said, at the moment the doji passes, PRV can show nonDom ;if so, then we exit by X through J/K t A. In N node, the following statement confirms what I wanted to DD. What happens if PRV, on the other hand, shows Dom ? Under bar dominance, we feedback to E via P and F or G is immediately seleced as n+1 bar. On the handdrawn Cycle 1 I’ve made, I see the PASS arrow of N doji test box sends to Z. In the 3x5, Z node is defined as the node that distributes he PASS of a Doji IBGS bar price test. So my DD is that when either coming from R/S or F/G, if a doji happens, whenever it does compared to possible apparition of W/L, we do N test. From here, the doji can pass and we’d have two possibilities : either pass w/ dom which sends via P to E and select F/G so we enter and more precisely we reverse i opposite direction ; or it passes w/ non Dom, which sends to X through J/K to A. This would be congruent with the MADA doc item « Z node » which says to either choose E or X. In toher words, if a doji passes, then on Dom volume elect F/G and reverse, but if Non-Dom then Exit at X through J/K and go to A.
Now what if the doji fails ? This is answered in MADA’s item 15. If N test fails, we hold to EOB (n+1) at P. From P we feedback to MADA 5 (at E choose F/G) and test for L if required. Basically, if N test fails, it must mean price goes back to its first direction.
Summary
- Doji pass on INC vol : go to E via P , reverse and select F/G
- Doji pass on DEC vol : go to X through J/K, exit and go to A and select B/C
- Doji fails : we hold to EOB and feedback to E via P and I’d say, re-enter choosing F/G.
There’s still a doubt I have. MADA’s item 16 states that if N test passes, we go to Z. At Z we choose X or E. I’m clear with that, it’s congruent with my DD above in Summary. But the nest part of the text gets me confused : if volume drops or color changes, feedback to MADA 8 at H. Beins as after a N pass on INC volume we go to E, reverse and select F/G, I understand that is volume finally drops below prior, we use H to take X and go through J/K to A. But I don’t understand why the necessity of mentionning « color change ». By definition, if a doji passes, color must change. So, what is this referred to ? I have a doubt atm.
Also, I wonder there’s nothing said about volume combo with doji fail. As I would have DDd, I’d have said :
Doji fail w/ INC : prior Dom remains Dom. Hold
Doji fails w/ DEC : prior Dom becomes Non-Dom. This is discussed by JH in post 232 when he says : if a dominant trend is no longer dominant we exit IF it is the first leg of a pattern. I rememeber I’ve not understood this sentence yet.
I think these are the last doubts I have for N node.