Making JH' SCT and all his material alive

[tiddlywinks]

Abductive reasoning is often used by doctors who make a diagnosis based on test results and by jurors who make decisions based on the evidence presented to them.

And by Tiddlywinks as he annotates his charts everyday!!

BTW... whoever came up with that "rows of volume" idea is due a big thanks!
That concept for gaussians is codable, and has been placed near the top of my list. I've done a small piece, and immediately one of my beginner/beginning learning questions came forefront again... is a peak or trough treated as an end, or is it treated as an end and a beginning? End in my context here is a segment, not a complete sequence.

Based on my knowledge of gaussians and much less refined knowledge of EE's, my answer to this question became the latter, an end and a beginning. For a small number of EE's, this will not be correct. EEs are beyond the scope of what I am seeing for this. It will be very interesting to see how accurate this code will be. Any market, any time frame.... For a completed "indicator", I'm thinking a red/green "light" for each of the 3 gaussians. We'll see. It's not happening in a hurry, piece by piece, maybe not ever complete, we'll see. My platform is SierraChart.

My thanks to the concept originator.

 

[baro-san]

The quantum theory states that by the very act of watching, the observer affects the observed reality. It seems to be the case with Jack Hershey's method

 

[fordewind]

What must come next?

 

[Sprout]

And by Tiddlywinks as he annotates his charts everyday!!

BTW... whoever came up with that "rows of volume" idea is due a big thanks!
That concept for gaussians is codable, and has been placed near the top of my list. I've done a small piece, and immediately one of my beginner/beginning learning questions came forefront again... is a peak or trough treated as an end, or is it treated as an end and a beginning? End in my context here is a segment, not a complete sequence.

Based on my knowledge of gaussians and much less refined knowledge of EE's, my answer to this question became the latter, an end and a beginning. For a small number of EE's, this will not be correct. EEs are beyond the scope of what I am seeing for this. It will be very interesting to see how accurate this code will be. Any market, any time frame.... For a completed "indicator", I'm thinking a red/green "light" for each of the 3 gaussians. We'll see. It's not happening in a hurry, piece by piece, maybe not ever complete, we'll see. My platform is SierraChart.

My thanks to the concept originator.

This ties into the idea of scoring with PVT and cycle timing. By assigning a binary value to red/green light on each of the 'levels' as a register, then the 3 produce a binary representation of a decimal number.
ie.
000 - 0
001 - 1
010 - 2
011 - 3
etc.

Price and A/D would also be part of the formula at the next level up - for as you know in PVT the three registers are P,V,A/D. I haven't focused much on this as it applies to futures, it will be interesting to see what you come up with.

Have fun!

 

[tiddlywinks]

This ties into the idea of scoring with PVT and cycle timing. By assigning a binary value to red/green light on each of the 'levels' as a register, then the 3 produce a binary representation of a decimal number.
ie.
000 - 0
001 - 1
010 - 2
011 - 3
etc.

Price and A/D would also be part of the formula at the next level up - for as you know in PVT the three registers are P,V,A/D. I haven't focused much on this as it applies to futures, it will be interesting to see what you come up with.

Have fun!

The register on/off format immediately jumped out to me when I saw the 3 volume rows visually, and read the usage. Take it one step further and just toggle bits! Tiddlywinks, the bit-twiddler. LOL

As for A/D, that is a built-in with most platforms. Not a fan myself. And have never checked validity/usefulness with futures. IMO, volume delta would be favored for what we do bar-by-bar.

 

[JamesRoscoe]

Did you check out The Pattern?

 

[WchPl]

For example in "\ /" of volume, "/" ends at pt2 of price (at that level of resolution.) Pt1 to pt2 is ALWAYS the Dominant Traverse. So for each component of channels that are nested within each other, each observation level of volume will be coupled to it's associated price channel. Whether it's tape/traverse/channel it matters not, just as long as you group "like to like". This is one of the areas that causes much confusion around 'fractal jumping'.


This concept be become clearer after drilling on 50 charts. Not to drill 50 charts to get to 50 charts drilled. More so by drilling on 1 chart, notice your questions and seek to answer your own questions and iteratively refining on each subsequent chart.

Drilling currently on it

You are doing great!

Thank you !!

"Postulates and Theorems

I've read the whole, made the exercise on a sheet of paper and got 100%. Did I miss your advice as for which of the Abductive, deductive or inductive reasoning to use to get it ?

“If something you want is slow to come to you, it can be for only one reason: You are spending more time focused upon its absence than you are about its presence.”

Focusing on its presence before it comes




I have to add a new Question to my plan
1 – The fundamentals

2 – The independent variable

3 - The dependent variable

4 – The price volume relationship

5 – MADA routine

6 - Problems



In the 6th part, I have :

1 - Failsafes
2 - Nested Fractals
3 - VTP
4 - Bands

I add a fifth problem : 5- Knowledge about "markets" to use SCT on.

So it's now

6 - Problems
1 - Failsafes
2 - Nested Fractals
3 - VTP
4 - Bands
5 - Knowledge about markets

NB : Currently I feel like Failsafes and Nested Fractals are problems about to be solved.

Problem 5 - Knowledge about markets

Along the time I've been working on that stuff, I have noticed I have understood some fine and peceptive things on a side, and on the other side I have serious lacks of basic knowledge as for how to use my trading platform for example (I use Trading view), or which market to monitor. I currently pay a monthly bill to get access to some markets, but I just don't even know which markets I have data about, neither which code to enter in the research bar.

For example, I know that if I wanna monitor the left columns market, I must write the right column codes :

Gold -> XAUUSD
Silver -> XAGUSD
CAC40 -> FR40EUR
Dax30 -> DE30EUR
S&P500 -> SPX500

And I see some markets are CFDs, Futures, Stocks, Cryptocurrencies, Forex etc. It is the first part of my lack : where to find a list of the codes of the markets to monitor efficiently for the SCT, on Tradingview ?


As I've read the SpyderTrader's Hershey's equities Journals 1,2 and 3, and the Futures' one, I know I can monitro both stocks and futures, but the method is not the same. Dry up volume, Hotlist...much memories for me.
It's different for Futures, and I remember Spydertrader said about Jack's Futures' method was way harder to get than the Stocks' one.

So, here it is, I just know I need at least 2.5k contracts to vaildate the RTH, and I know some markers do not have volume. Is it enough in any case ?


A question has been asked to me by Stepan 7. He said something about the volume I use, about if it was bet volume or so. I don't know what this is, and I think this could be something interesting for me to solve.
I join a screenshot of the indicator I use on my platform, when I select volume. Is it the good one ?


So, in my

6 - Problems

1 - Failsafes
2 - Nested Fractals
3 - VTP
4 - Bands
5 - Knowledge about markets

and inside 5 - Knowledge about markets, we get :

a - where to find a list of the codes of the markets to monitor efficiently for the SCT, on Tradingview ?

b - as for volume, to monitor a market for SCT, is the threshold of 2.5k the only condition to validate the market as for liquidity ?

c - is my volume indicator correct ?


To illustrate those 3 questions, I join a chart of the AAPL Market (Apple Inc Stock, Nasdaq). the volume is always huge, I've made some nesting on it, but the interest for me here is that you can help me with if this is an "extractable" market with SCT ?
As I said before, I know it's a stock market, which is to be trated methodically differently from futures for example or others. But the statement of Spydertrader I'm gonna quote has always seen to be contradictory with what i just said about the method in function of the markets : "the SCT can be performed and leads to extract the full offer, on any market providing sufficient liquidity. It works at any time, on any fractal, on any market as long as it provides enough liquidity".

Anf this is something I'd love to see clearer.


I apologize for the quality of the questions, I feel like a bit ashamed of what i'm asking, compared to the level of our last conversations....but I do believe it is important.

 

[tiddlywinks]

So, here it is, I just know I need at least 2.5k contracts to vaildate the RTH, and I know some markers do not have volume. Is it enough in any case ?

Each vehicle is different. That means each stock, each futures, each crypto, each whatever asset, has it's own "personality". There is no one number that indicates "enough" liquidity applicable to everything.

For instance, I posted this percentile breakdown in a different thread. It is a volume/volatility analysis of ESM8 (Mini S&P 500 June 2018 futures contract) using the prescribed 5-minute bars, during RTH (regular trading hours), since mid-March 2018 which is when the June contract became the "front month".

You can clearly see, a 5-minute bar with volume of less than around 5000 produces $75 or less of price movement, (not including commissions, fees, and slippage) 90-95% of the time.

The US index futures products, YM (Dow futures), RTY (Russell 2000 futures), and NQ (Nasdaq 100 futures) each have different breakdowns. Just as what is minimal or small volume for say Apple, might be a large volume for say Dominos Pizza.

There is not one universal "enough liquidity" number.

 

[WchPl]

Each vehicle is different.

Thanks you very much for this answer. It does help me in a way, as I understand something I did not know I did not know; thanks for that
On the other side, I still feel stuck as for being able to build a list of like 5 or 6 markets to monitor and to do MADA on, that are most of the time providing sufficient liquidity, and that, so to speak, are "SCTable" ^^

Can you help me with that too please ?

 

[tiddlywinks]

Thanks you very much for this answer. It does help me in a way, as I understand something I did not know I did not know; thanks for that
On the other side, I still feel stuck as for being able to build a list of like 5 or 6 markets to monitor and to do MADA on, that are most of the time providing sufficient liquidity, and that, so to speak, are "SCTable" ^^

Can you help me with that too please ?

You are overlooking, more accurately, you are trying to put everything into one little box.

Your resolution, your confidence level, your comfortableness level, and your style of trading will determine if sufficient liquidity exists in whatever instrument you are performing MADA on. Are you an FTT/ftt to FTT/ftt trader? A point to point trader? a point 3 trader? A sub-fractal or tape trader(ie similar to scalping)? An SCT trader?

Using the previous posted ES volume data, some people can do very well trading sub-5000 volume, others can not, or simply choose other and/or additional criteria to look for. Sub-5000 -or- higher volume... Neither way is wrong (or right). Who are you?

JHPV and all it's variations of trading opportunities, can be applied to almost any mainstream market. A few come to mind as definitely not optimal... thinly traded penny stocks, "micro" futures contracts, mini-agriculture futures, stocks with very few daily "trades", and quiet futures like oats, milk, and butter. Major indexes such as Dow, Nasdaq, S&P500, Russell2000, DAX, FTSE, etc etc etc, and the components contained in each of those give you more the enough to get started with, without concern of liquidity issues. Add to that oil, grains, and metals if you like. What markets interest you? Start there.