Making JH' SCT and all his material alive

[Sprout]

Here I join this doc posted by JH.

We can see he draws a long fast fractal on three bars, with volume decreasing from pt1 to pt2 and doing trough on pt2, and increasing from pt2 to pt3.
So, the opposite of what has always been said.


And here is the explanation :



Any help would be appreciated, cause the explanation is not a concept applicable to any context, but an result of an example that is not helpful to me. At all.
I already presented kind of a context, decided to draw a fast fractal on the same situation, but I know from sure and reliable source, that it was not correct.
Why ? I only know that "it depends on what volume is doing".

I'm still searching for a simple explanation of what volume must do WHILE price is making the pattern, to be allowed to see any fractal.

With the chart snippet you posted, bar7 is incr black and included in the long tape. If that bar was incr red, the RTL long would have been drawn to not include this bar.

The fact that it was an increasing volume bar was informative and gave an indication of which tape to include the bar within. Price and volume inform each other.

If it was a decreasing volume bar it would also be informative in that by the memory of the pattern, where does decr red volume occur? Where does decr black volume occur?

 

[baro-san]

spydertrader's

 

[Sprout]

I am now on page 20 of the thread.

Jack makes a summarize and suddenly says :



I do not see any explanation in any of the 20 prior pages, of how to annotate the fractals. Please, can anyone help me with that ?

The scariest to me is that I see people who were asking about it...and no answer ever come. Until page 20 at least.

With the nutshell summary image post of stepan7 and
all Jack's posts up to this one has everything you need to nest fractals:
https://www.elitetrader.com/et/thre...ber-meets-the-road.195287/page-4#post-2801282

If it still stumps you, perhaps exploring another facet and giving this concept a rest.

 

[fordewind]

You seem to think I nest fractals.

I do not. Simply because I do not know how to nest. I am on the nested fractals thread currently, I just stopped right before writing this post, on Page 18 (reading english, even though I do it faster than before, is still a strong effort for me).
In 18 pages, I have not found ANY explanation about how to nest the fractals. I hope to find some one day, in any page of that thread.
So far, that thread has not helped me in any way.

Therefore, your comment is quite rare to me as I do not know if I'm lucky and nested properly the fractals on my last chart, or if it's you who believe I know how to do it.
Anyway, believe me, if something has been done nicely by me as for nesting fractals, this comes out of nowhere and is really not reliable.

I just know that I do not know.

Cnannel trading is very powerful, but not the nesting Hershey crab.

hint: VE - volatility expansion and m1m2 fractals work more than they do not.

 

[Sprout]

With the nutshell summary image post of stepan7 and
all Jack's posts up to this one has everything you need to nest fractals:
https://www.elitetrader.com/et/thre...ber-meets-the-road.195287/page-4#post-2801282

If it still stumps you, perhaps exploring another facet and giving this concept a rest.

It's a normal thing to get stumped by certain concepts. It's better to not take it personally, noticing when it's happening; step out of a loop and move on to other concepts. Sometimes there's a specific sequence of understanding that functions much like a key to a lock - (which is personal). We're all unique and come with a morass of assumptions, associations and beliefs, some supportive and many that have outlived their usefulness.

For me, when confronted with something I don't understand, I like to go back to the "last known good." It's important to establish what one 'knows' to be true and build upon truth. Also supportive is to re-evaluate basic assumptions and test if they continue to be true.

This does cause a conundrum of sorts in that this method supports developing a systemic understanding of the markets that is mostly outside consensus reference established by Conventional Wisdom.

 

[WchPl]

Before anything, I want to give thank you to the people who decided to post messages and provide their knowledge.
Thank you to all of you, this is appreciated.

After the last messages, I've started to see things slightly different as for Nesting Fractals. but I'm very well used to "see things slightly different", which has always been an illusion.
I am gonna post some charts where I tried to nest properly.
I don't know if that's good, anyway if it is quite good I'll try to refine it, if it is not good at all, then I stop with that area for the now.
Hope this time it'll be good.

You need volume on FDAX. Find out is it volume you have on FDAX or on bets. If volume on bets no use.

I do not understand this...

Here is your FDAX. Time is EST. Channels and Gaussians are keys in the JHM. There are easy rules to draw Channels. Now you can draw matching Gaussians.

Nor this. What is the reuter code for this FDAX ? I was on CFD : DE30EUR.
I'm still searching for your "easy rules", those rules that after 5 years of daily work I still do not understand nor find.
Plus, I don't know if you saw it, but I've mentionned I don"t know how to build gaussians. I've read, I've got the PDF about it, I've read a lot on it, worked a lot, but I don't get it and I've mentionned it.
So I don't know if you're doing some humoristic answers, but in any way i don't get the sense of this.

THIS IS WRONG!! pt1 & pt3 form the RTL. pt2 is the LTL. File attached.

I'm not gonna comment this, thank you for saying you think it's wrong.

1) Example IS NOT two tapes.

That would be a big surprise can you explain please what it is then ?

2a) FTT... What does volume do to indicate dominance? What does FTT stand for? Which TL?

Volume increases to indicate dominance. FTT stand for Failure To Traverse, this moment where price coming from its RTL goes towards its LFT, and suddenly stops to do so and reverses to go back towards the RTL where he was coming from initially.
I don't know what you mean when you say "which TL". What are you talking about ?

b)FBO... What does volume do to indicate non-dominance? What does volume do in order form a new container? What does FBO stand for? Which TL?

Volume decreases to indicate non dominance.
Don't understand your second question
FBO stands for Failure to Break Out : price goes towards itsl RTL, touches it and bounces on it.
Maybe you're asking about wich trend line is FBO "linked" to ? If so, FBO deals with RTL.

VE... What does volume do to indicate dominance? Which TL? What does VE stand for?

Volume increases to show dominance, VE stands for volatility expansion, this is on the LTL if this is what you're waiting for.

IMO, your order is backwards. Should be, IMO...
1) Failsafe
2-3) Nesting... Visual geometric(only) annotation 1 fractal level at a time
2-3) Gaussians... 1 fractal level at a time
4) Bands

Thank you very much for providing the order you think is good. Thanks a lot.
By the way, are you mastering SCT ?

If it still stumps you, perhaps exploring another facet and giving this concept a rest.

This is surely gonna happen.

 

[WchPl]

I have a question, linked to the 5th Part of my Plan : 5- Problems.

And to be more accurate, It is the 4th one : Failsafes.

Does anyone else confirm the opinion of tiddlywinks as for reorganizing the listing and focusing my attention on Failsafes, if my next attempt on nesting fractals fails ?

Thank you one more time to all of you guys for providing reactivity and answers, I appreciate a lot and hope to be helpful for anyone too.

 

[WchPl]

Along the last few days I have seen by time deduced to work reduced necessarily.
Tomorrow I'll be posting fully annotated charts showing my attempt on nexting the three levels of fractals.
Before this, i post here a poorly annotated chart focusing only on the fractals, and I'll add the whole I know tomorrow (I've made different exercises on two charts of the same market.
It's how it looks as for Tapes, Fast fractal, Trading fractal and Slow fractal, as the markets closed.
On the charts i'll be posting from tomorrow, it will try combine everything that has been sad until now. I'll do my best.

 

[Sprout]

Along the last few days I have seen by time deduced to work reduced necessarily.
Tomorrow I'll be posting fully annotated charts showing my attempt on nexting the three levels of fractals.
Before this, i post here a poorly annotated chart focusing only on the fractals, and I'll add the whole I know tomorrow (I've made different exercises on two charts of the same market.
It's how it looks as for Tapes, Fast fractal, Trading fractal and Slow fractal, as the markets closed.
On the charts i'll be posting from tomorrow, it will try combine everything that has been sad until now. I'll do my best.

It doesn't appear you are applying what has been said. Your chart is annotating the low volume period of the instrument. At the highest volume of this period only 600 transactions per bar occurred. You are focused on the wrong side of liquidity. The trading timeframe is 81bars during RTH. Eighty-one bars is the size of the chart.

Jack recommended ES 5m to learn. In learning, you can start with delayed data and upgrade to real-time when you have the basics down.

If you persist on the path you are on, it's doubtful you'll make headway. Maybe you'll experience different results by being stubborn, I dunno.

Lower liquidity = higher risk.

 

[Sprout]

I have a question, linked to the 5th Part of my Plan : 5- Problems.

And to be more accurate, It is the 4th one : Failsafes.

Does anyone else confirm the opinion of tiddlywinks as for reorganizing the listing and focusing my attention on Failsafes, if my next attempt on nesting fractals fails ?

Thank you one more time to all of you guys for providing reactivity and answers, I appreciate a lot and hope to be helpful for anyone too.

Understanding the concept of Failsafes & BM's are a priority. The Failsafes are established at the beginning of trends and boundaries of developing channels.