Hi to all, back to work
So, in order to get the clearest view as possible, I needed to rewrite by hand the Modrian Table. I prefer doing this than printing; this way I, precisely, "print" it in my mind better than the machine does.
The easiest way I find now to describe what I see on the Modrian table, is that there are 4 Sets of Trend types :
Set A, which begins with Dominance and ends to Dominance, so repeat of Dominance so to speak;
Set B, which begins from Dominance, passes to non-Dominance, and goes back finally to Dominance.
Set C, beginning with Dominance, then passes to non Dominance, returns to Dominance in the same direction of previous Dominant turn, then back to new Dominance.
Set D, which goes from Dominance, goes through 2 alternances of non Dominance to back to the same previous Dominance, to finish then on a new Dominance.
Yes, the two sets on the left are incomplete trends and the two on the right are complete trends.
On each and every Set, I see an n-1 column on the left and the n column on the right. I see it as n-1 = what happened on the prior bar, and n = what is happening on current bar.
'the prior EE bar',... 'on current EE bar'
Whichever Set we're in, there was an End Effect at n-1 bar and this leads to another one, at bar n.
From the Set we can identify we're in, we ID the prior EE, and this reduces the possibilities of....what can come next.
As it explicitly defines a turn on the table. There will be EE's that occur that are not located on the table. Yet they are still defined by the failure of it to be located. This is where one can know a thing by knowing what it is not.
This is the comprehension I have of the Modrian Table now. In order to be absolutely clear with that table, I post the one I use. I have two little problems with it, pointed out by the black "?" on the pic. The one on down left corner is because the page is cut, could you confirme please it is "Ka" ? I half read it.
Yes. You are also missing in the dark blue zone on the defined list of turns the last in the list;
Ha --->PP1.
The second "?" is on high part of Set D. After BM,rev, the third option appears as PP5, and so does the 6th one. Tipo ? I see on my table it has been written here by hand. Is that second PP5, in fact, a PP6 ?
I need confirmation to go farer.
PP6
Now, with that said, I'm trying to understand why there is a High part and a Down part on that Modrian Table (MT). If you had to describe what MT is, how it works, and the way to understand how to use it, what would you say ?
The FS are the top row and Routine are the bottom row of the table as defined by blocks.
As mentioned before, Incomplete trends on left and Complete trends on the right. The color coding is important in that it is associated with the Move Reversal table. The two tables work together along with the 11 sheets that you have collected into a small binder.
The organization tabs of the eleven sheets are: 6 steps, VTP, FS, Volume Range Elements, PP!'s, A Band, B-K Band, Turns with the Modrian under the front clear cover and the Move Reversal under the band clear cover. These documents have all been posted prior.
I see on MT there are plenty of EEs linked together, and I also remember I had many troubles with EEs and PPs!. Plus, lastly, you
@Sprout told me I had to transform my prior vision of C-Turns as they can, finally, appear either on Dec or Inc Volume. This also reminds me the VTP.
SO....That MT causes confusion in my mind as I see it is relied to MANY points already confused in my mind. It' like : If I touch this, I need that, but as I do not get that, I have to understand it BEFORE this one, but being as this one can only be understood if I know that one....back to the beginning.
So to speak, I feel like I wanna write a text, so I need phrases, so I need words, then I need letters. I know many letters, but not how to link them together, and I also know there are letters I don't know. So, in the end.....ok I need to learn alphabet from the first letter.
SO -> What is the very first point to start with all this, as I'm following your teaching which is now : focus on Modrian Table ?
You can start anywhere. Begin by looking at the 30min and an obvious change in sentiment. Pick that as your pt1 of price and also P1 of volume. Confirm by going to WCB and drawing the previous trendline that this bar is the BO bar. This is a BO,T1. The most frequent EE that occurs. Go to the 5m, repeat. You can do this during non-RTH and table your observations of the HRE until you have some proficiency in how this vocabulary can construct sentences. Get a pomodoro app for your browser to schedule your focus and break times. Lot's of free ones out there. I use Be Focused.
The Log is the key, fill it out completely and throughly. You can amend it and be flexible with it.
Post your results and observations.
Parallely, I'm building MindMaps thanks to you
@Sprout, this is a very interesting, motivating and hard exercise. It shows me I know way more than I think at a same time, and exposes as well every link I see that do not exist, and also the links that should be bewteen areas that I can't see.
Good Work!
Have a great day !
