If I could add just a simple question and one that I was reminded of reading that first link. A student was using candlestick charts, but was told to convert to bar charts since that's what's used in the SCT method.
What's the reason for this?
As far as I know, both candlesticks and bars show the exact same OHLC information, just in a slightly different visual way. Maybe it's just from old habit, but I feel that I can easier read the information in a candlestick.
I'm particularly interested in this question because there was a guru in another thread (another 'method') which also insisted on bar charts being superior. I have as a result trialed them, but found myself returning to candlesticks.
The one advantage I can see is that bar charts might take up slightly less space.
Sincerely.
When one starts to mentally or with software degap bars and engage in the process of ‘carryover’, the ten cases of price are easier to see in real-time. It’s easier to perceive continuity of context and the OOE.
There is a logical leap to make in regards to bar-by-bar degapping. Doing carryover of one day’s context into the other with the exclusion of the extended hours will demonstrate the initial validity of the concept.
As
@WchPl auggests it is a step toward simplifying what eventually becomes an informationally dense method of annotating.
Bar’s tend to reveal trending and H’s and L’s better. Candlesticks tend to show the Dominant leg of the bar better as well as the ‘inside spread’ between a series of bars.
As for links to future material, Jack’s universe is quite large and the majority of his content is in threads he did not start. There was a specific reason for this that one can deduce.
@Simples thread is a good and current demonstration of purposeful learning and collaboration.
https://www.elitetrader.com/et/threads/on-10-case-geometry-and-beyond.310880/
My personal journey with assimilating the material involved building mindmaps of links, keeping an updated glossary, keeping a log of current questions, printing out edited threads into three-ringed binders and making copious notes within them. In addition to learning the material faster and more throughly (by slowing down), it builds a personalized reference library that can constantly provide ongoing utility and insights when ‘re-reading’.
Strangely enough, when I do have a question, the random binder I pull off the shelf generally contains the answer I seek.
The next step in accelerated learning was annotating charts throughly and paper logging. This in itself builds an additional reference library.
When the focus is on purposeful learning, the mind gets differentiated rapidly when sleep is actively engaged.
When one moves on to trading in real-time, then, well, it’s just difficult to put into words the amazing feelings that come into being.
Even though the initial goal was improving the bottom line, the insights, understanding and collaboration that comes along the way are where I’ve received additional even greater treasures.
