In case no confirmation came or it came later, I will go with my own DD. It looks and sounds correct to me.
So point 10 in the list disappears.
Point 3 also disappears.
Concerning point11 : the use of PRV.
I remind there are two subpoints in this part.
The first one is : do we use PRV on n+2 column, or only on n+1 column. The chart says we use PRV for n+1 column, but does not say to use it on n+2. The text as previously exposed, states we are tu use PRV on n+2 too.
So this first sub point concerning point 11 vanishes.
What’s the other subpoint ? the other subpoint deals with …when the PRV measurement is to be taken into account ?
Well first ,I must say that I’ve been stuck to an idea. I notice now I’ve put it into my mind since a bit, by myself, an I do not see it now true. I know I’ve read a message of Spyder’s JH Futures Thread about PRV. In this message that is quoted in post 1568 of my own thread, it’s just in fact an example. It’s the dissection of how PRV is calculated. It’s an explanation of how this tools is calculated, and it could be used by someone willing to do it by hand.
But, what I’ve put into my mind since then, is that PRV is to be « listened »
(I mean, used to make a decision) only… at the moments it is calculated in the given example… silly of me …
I realize now, there is surely just on thing to do as for the use of PRV : and it’s going with a « ASA » mindset.
What do I mean… ?
Let’s have an example that explicitates and reminds something along the 7 sessions in live demo I’ve done using RDBMS during December and January.
It is a very simple example. I am not sure but I think I’ve already used and discussed this example for the same goal lol well, what will make it different is the level of awareness.
When the fourth bar of the trends begins, except volumes pops out immediately, it’s will be below red line. And that’s Ab. From here, in terms of EOB, 3 possibilities. Either bar ends in the same below-red-line zone and it’s Ab ; or it ends between red and pink line and it’s T2P ; or it ends above pink line and that’s Ag. 2 possibilities out of 3 to see the segment end, 1 out of 3 to see it continue.
Now let’s talk about PRV.
If I use the « ASA » way of thinking when I deal with PRV,volume can do 5 things. Before that, we know PRV can at the beginning (sec288) be either above or below lock in. As a first way, PRV can start being above lock in and never contradict itself along the bar formation (a) ; or it could begin showing anticipated LI, and be below at EOB (b) ; or it could begin below LI and increase until ending above LI at EOB (c) ; or it could begin below and never contradict itself (d) ; or it could be erratic and make successive up and down moves along the formation (e)
I am seriously thinking about Cycle 1 here.
For the illustrated example, what would these 5 ways of PRV produce in terms of temporary IDs for the fourth bar of the trend ?
(a) Ag is shown since the beginning and it’s what we have at EOB
(b) Ag is shown since the beginning and ends as…. b1 and b2 need to be put on the table.
(c) C1 and c2 also need to enter into the possibilities to complete it all, and c1 or c2 is the resulting ID.
(d) It will be developped below.
(e) Same as above
Let’s differentiate a bit (b) into (b1) and (b2).
B1 : this would be, following top to bottom sense, T2P.
B2 : then this would be Ab.
So, for (b), we could have T2P or Ab at EOB.
In addition and to be even more precise and complete, we must say that inside the period PRV quits definitely the Ag zone, it can be erratic between b1 and b2 zones.
We’re also to differentiate (c) ; using from bottom to top :
C1 would be Ab
c2 would be T2P
In any case, at (c) we’d have Ag at EOB.
Once again here, we are able to note a possible erratic behavoir by PRV between c1 and c2 before reaching Ag.
(d) will be a bit more complete.
We’ll need a double differentiation.
Begin below LI can mean, from bottom to top :
D1 = Ab
D2 = T2P
From this, although PRV would not contradict itself and remains all the time along the bar below LI, D1 could be D2 at EOB and vice versa. Thus why the double differenciation.
For (e), the paths are almost infinite. I assume that’s where the empirical experience will make a difference. A bit like « how many times have you seen a trend go farer than T2F ? », I could ask myself « how many times PRV have along a single bar passed through (e) way ? ».
As a very simple conclusion, for the illustrated example, as for PRV paths we could have :
(a)- Ag
(b)- Ag>>T2P>>Ab OR Ag>>Ab OR Ag>>T2P>>Ab>>T2P etc
(c)- Ab>> Ag OR T2P>>Ag OR Ab>>T2P>>Ag OR Ab>>T2P….>>Ag
(d)- Ab>>Ab OR Ab>>T2P OR T2P>>T2P OR T2P>>Ab OR Ab>>T2P>>Ab… OR T2P>>Ab>>T2P…
(e)- Not exhaustif : Ab>>T2P>>Ag>>Ab>>Ag>>T2P
Ag>>Ab>>T2P>>Ab>Ag>>T2P
Well…
As a result, we can here easily see that we can pass from different temporary natures of the same single bar. There is then no reason why wait a precise moment (288sec, 240sec, 180sec etc) to use PRV state. ASA it states something different, there would be a potential new 2nd A of MADA.
I am currently feeling three things. But one more than the 2 others.
First : I feel like we have to do the second A of MADA when there’s adequation between the current real volume level AND it’s relative current PRV.
Second : I am seeing the bridge between cycles 1 through 10 and RDBMS
Third : I’d be curious to see what it does if I apply just this way of understanding and seeing PRV to a real time demo session, with RDBMS.
This third feeling is increased by the fact that, contrarily to cycle 1, RDBMS gives explicit pro active actions and makes one take advantage of a very big number of EEs. Simply because in any session, the vaste majority of EEs lead to reversal moves according to MT/MR tables.
For instance, retaking the illustrated example of this post, let’s say the fourth bar begins at and 288sec, PRV states Ag will be there. Let’s say PRV behaves like in (a) + we’re in Set C now + prior EE was Ab.
Then at sec288, I’d already reverse…
Well...
With that said, I know 75% or so of my EE’s are FS’s. If one looks at the way I annotate BO,T1, one could ,see I don’t need the T1 to appear on the 5min timeframe to allow myself to ID a BO,T1. For example, after two P1’s, or a P1-INT sequence. So, we could kind of say FS do not relate to volume. Exception for BO,T1. This would send me back to something I have admitted but not understood since a bit, and I’m talking about the difference between real and false BO,T1.
The question would then be : when a BM of a BO of rtl happens, which tool would confirm or unvalidate this FS ? PRV can’t do anything for that, with how I see it currently.
I can feel Cycles will answer me. And if I remember correctly, Cycle 4 for BO,T1. From memory. It would be congruent with the following.
then being in SIM will make a difference and you'll start to ask the questions that the Exact Science thread is answering in detail.
I feel I can remove pt11 of my list.
To be continued…