Why do you keep changing the open and the start of 81bars?
The log starts at the US open of RTH and ends 10min after the close of RTH.
We’ve discussed this at length.
Sometimes it’s better to start with a clean slate.
Start with a clean chart and DO NOT do any of the current way you annotate. Just stop.
Start with finding bar1 of the RTH of the ES.
If you can find this bar, then there is hope.
Put a vertical line at the opening bar and the 81st bar. This is your window.
To start the day, you begin by looking at the previous day’s window and degapping the last bar’s close to today’s first bar’s open. There’s more to do with this but it’s easier for now just to use the last bar to first bar and determine it’s price case after degapping.
The previous day’s last bar had a high and low, put a BM at both and observe which one gets penetrated with a close outside it’s boundary.
The first bar of the current day starts as a gapped sym. This sym calls forth two rtl’s each originating at it’s respective BM’s of the previous day’s last bar. This is occurring intrabar.
As this first bar builds it will take on a price case. This first 5m bar is also starting the first 30m bar of the day. This first 30m bar of the day is composed of 6 5m bars. As each 5m bar forms and time passes, the first 30m bar will complete only after the 6th 5m bar completes. The 30m bar will have price go through it’s doji multiple times, OR just once OR none. When price is above it’s doji, the bar is by definition - long sentiment. When below the doji - short sentiment.
On the 5m, the first bar of the day is frequently an OB when degapping to the last bar of the previous day. In that case, we know that an OB with increasing volume is an EE. There is a list. What are all the possible OB EE’s that it could be?
IT’S OK NOT TO KNOW, the correct answer.
It’s more important to engage in the thinking process to determine which EE it could be.
Let’s say the first 5m bar is a XB. In that case, the BM-short of the previous day’s last bar is penetrated AND the current close as long is true. Being a BO bar, this bar gets a BM at it’s low and a new rtl is drawn.
This bar is a BM,rev for it reversed from the previous context to a new context.
The trend line you are now drawing is not using the channel tool nor is it nesting fractal containers. TL’s are now simply a single thin black line connecting the pt1 and pt3 of a price case using the corresponding P1 and T1 of volume. Sometimes trending bars have no corresponding T1’s of volume for volume keeps increasing. One is still using pt1 and pt3 of price of the first qualifying price case but you are not adjusting the RTL. It remains as a measure for when the close of the current bar shifts from being on one side of this line or the other.
On the right side, the current sentiment is trending, when on the wrong side, then this bar is a BO,T1. It has broken out of the TL established by P1 and T1 of volume.
RDBMS tracks trend segments that compose trends. Each segment has it’s own sentiment. Sometimes it helps to mentally ‘squish’ multiple bars into a single bar much like a higher timeframe bar is composed of multiple faster frequency bars as a way to hilight what a confusing sentiment might be.
Get Index cards, file these under BM,rev.
With these cards one can see zones defined by where BM,rev -> BM,rev OR BO,T1 (depending on final bar form).
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