Should have said on the VTP and on End Effects
Here is a serie of descriptions of each EE I have. In red, find my questions.
Question 1
The PP1 is the ACCELERATING P1's.
PP1a
Three P2's happen and there is acceleration.
So the PP1a has been invented.
-> Three P2's....in a row ? or each 3 P2's appearing in a sequence we put PP1a and from there we continue to count until 3 P2s and so on ?
Plus, "there is acceleration" -> does that mean all three P2 need to increase compared to each prior one ?
If you haven't already, you should have a specific binder full of Jack's charts from all the threads that you have posted. Even though much of it is student work, you'll find his and you'll know through the level of detail. There are charts that also have the logs posted. There are others that also have a specific trade log posted. All are supportive and give you the answers you seek. These are the same questions that myself and others have answered for ourselves. The doubt that you have can only be cleared up by deduction.
It was helpful to me to adopt 'operating points'. These are hypotheses that I would assume true until tested false. So with the above questions in your mind, look for evidence to support or refute. If there are two contradictory ones, just pick one as the 'operating point', assume true until it a false appears. This is a practice.
For example;
If 3 successive P2's occur with acceleration, then it is a EE - PP1a.
How can 3 successive P2's manifest themselves with acceleration?
How can 3 successive P2's manifest themselves without acceleration?
What can volume do in the first case?
What can volume do in the second case?
Of 'what volume can do', which is more like acceleration? which is less like acceleration?
If 3 non-successive P2's occur with acceleration, then it is a EE - PP1a.
The questions will hone down the focus of possibilities to a smaller and smaller set toward what it must be in a one-to-one relationship.
This 'is' this. This 'is not' that.
Question 2
PP3
Okay.
You get two P1's one after another, no exceptions.
Volume lands BETWEEN the two P1 values on the third bar of the trend.
PP3a
Same as PP3 except........
you have a wait in the form of a lateral BEFORE you get the T1.
-> is that last T1 a tipo ? It's not about T1s here on PP3, but about P1's. Lost here !
Another approach,...
There's a PP3. Now there's a PP3a. Why would it be called a PP3a? Why not PP3b or PP4?
If you were discovering something for the first time, how would you go about categorizing the differences?
Question 3
PP4
PP5
PP5a
These are OB type turns.
As you remember OB's have an upper level and a lower NEXT level.
You do a volume test and get a peak on the upper level. Naturally, the Next on the lower level is a trough.
-> this may be the occasion to explain my problem on the VTP when OB surge. I understand there is two levels and we test the first time (first level, upper one) the volume bar of that OB appearing, it's whichever volume point in the OOE, and the next level is assigned by following this order.
What I do not get is what "next" level really concretely mean ? I mean, I have an OB appearing, I divide my row in the log in two, on the upper level I test the volume bar concerned by the OB, and we test the next volume element...but it's still the same volume bar we're to test ?.. no ?
Plus, as on any OB there're two opposite tapes, how to procede as for VTP ?
I miss something here and this stopps me in the progression of the VTP.
Can you too please remember me if Black/Red Stitch and FBP/FTP are price cases giving permission to measure volume ?
Yes it is the same volume bar but the second subrow of the divided row. The FS's have your answer for the two opposite tapes.
Question 4
When doing the VTP and logging, a SYM appear, on lower volume compared to prior volume bar, we have to wait. Then the next bar appear, price case gives permission to measure volume. At this time, we repeat the same volume test we did before the SYM appeared, we do a test for repeat.
But, we compare the level of this last volume bar to SYM's volume bar on which we waited, or on the bar prior to SYM ?
Try it both ways to see which answer the market dictates is true. Use the concept of 'extracting the full offer of the market' to move to that viewpoint to inform your developing discernment.
