PS : What I mostly use to understand something to VTP, EEs, PP!s is the following.
THE VOLUME TESTING PROCEDURE
For volume, there are peaks and troughs to use. They are P1, P2 and P3 and T1, and
T2P and T2F. They follow an order of events. P is assigned and other P1's are larger than the assigned. T1 is after a P1 when it is less than a P1. After a T1 the next peak is a P2 or P3 and never a P1. This forms the A band of bands. A P1 may follow a P2 if it exceeds the prior P1. P2's can follow P2's if the prior P2 is exceeded. when any peak question occurs use the leftmost in the test as written on the log.
T2P's appear after P2's and they are between P2 and T1 in value. A T2F can appear after a T2P and it is less than a T2P and more than a T1. The T2's are used to define the last move of a trend as a zone of values in the independent variable.
For volume, the test procedure determines the OOE of a trend in the independent variable.
When a T2P occurs the B band is in effect.
When a T2F appears the C band is in effect and the n+1 rule is applied to carry out the EE test on the next bar after the T2F appears.
All bands after this full complement of volume elements are in place, occur under special conditions as explicitly defined in the B thru K look up table.
A P1 begins a trend ASAP. Two rules:
1. Do P1 on the current bar of failsafe EE's and A band EE's
2. On all other EE's put P1 on the next bar.
End Effects
The PP1 is the ACCELERATING P1's.
PP1a
Three P2's happen and there is acceleration.
So the PP1a has been invented.
PP1b
This bird is rare but it’s there. we do complete operations in systems.
Three T2P's with acceleration anyway you can get the deal of the cards.
PP2
You have two consecutive T1's
Hey, a P2 is coming.
It lands in BETWEEN the two T1's.
You have a PP2 End Effect.
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.
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.
If the other way around just fill it in and keep going. Troughs first do not yield turns.
So for P1 and then T1 you get PP4 on the lower level as a result.
For P2 and then T2P you get PP5 on the lower level as a result.
For T2P and then T2F you get PP5a on the lower level as a result.
PP6
PP6a
Trough time.
There is NO acceleration here. All you do is get three consecutive bar troughs.
Three T1's give you the PP6
Three T2P's give you the PP6a.
We use price to get permission.
The three-step volume test procedure gets bars named and annotated with rays and a T1 in a box.
we look for PP's by finding SHAPES. Other EE's are there too.
As the trend develops, at P2 we have A band. As other bars are named other bands appear one at a time in a specific sequence.
Only the EE's of the band can appear at these band-specific times. All the OOE's are kicking in.
We constantly steer and focus on a few things bar by bar.
In PP arena we have acceleration, in between volume, OB EE's, and the shrinking volume triples. It is coming into view.
35 EE's 14 are in the PP subset. those not explained happen very rarely. We can pick them up later.
So the A band has 8. Aa through Ah. 8 posts coming up A band is when P2 comes up and THEN more bars after P2.
7 of the 8 are HVBO. High Volume Break Outs. More volume than the A band volume range.
One is Ab the LVBO.
So, 14 plus 8 is 22 out of 35.
the 13 remaining are spread all over the bands B through H.
The major clue to getting EE's is to know the band in effect for the bar you are measuring.
In trends, you first get volume elements and the OOE of volume elements gives you the EE turns.
As you learn permission by price, then you learn volume OOE’s and then you learn band OOE's and the turns (EE's) in the bands.
P1 and T1 define the A band top and bottom respectively. P2 could be in or out of A band. A geometric trend is established by P2.
B band comes into effect with the advent of T2P.
C band is between T2P and T2F.
A Band
Volume A band is there in place. It has three zones: inside, above and below. Inside has no 1 band EE's; new later bands are slipped into place.
7 are above as HVBO's. One is below as LVBO and specifically Ab in name.
Aa HVBO
A four-bar lateral gets built. It cannot be simple and straight forward. If it is then the next bar takes you to other bands or is just a new P1
BUT if the four-bar contains an internal (wait) somewhere along the line, the four-bar is primed for ending.
A four-bar including a wait is an HVBO Aa if an HVBO comes along.
Ab LVBO
If a bar, after P1 to T1 to P2 occurs that is less than T1, it is an Ab LVBO.
These are frequent and often occur in pairs near one another.
Ac HVBO
You have three P1's BUT they do NOT accelerate. So, you always check for acceleration which gives a PP1.
A NOT PP1 sets the scene for an Ac. you get a T1 to P2 then you are in the A band. Internals can happen on the way.
If the bar comes along that is an HVBO of the band, then you have an Ac.
Ad HVBO
You absorbed the Aa HVBO
this sequence is similar BUT.....
You get a P1 or P1's to T1 to P2....... there is an internal somewhere as well...
But there is no T2P to give you a four-bar (with internal).......
What happens on the next TWO bars are P1's.
The second consecutive P1 is designated Ad HVBO.
Ae HVBO
You are logging from an assigned P1 and you get two T1's, then you have a P2. A band is there without the T2P.
After the 2 T1's and P2 you are on alert for an Ae, when you get an HVBO it is an Ae (A T2P was replaced so to speak.)
Ag VEBO
No typo.
You are tooling along.
You get to P2 one way or another (carte blanche).....
Check out that P2 is > P1.
So after P2 consider seeing a P1 or a T2P.
IF a P1 then designate the bar as Ag VEBO.
Af HVBO
You are in a lateral. You are getting the job done.
Suddenly an HVBO occurs in the lateral after you have the P1 to T1 to P2 in the lat.
What you see is what you get; designate it as Af HVBO.
Ba and Bc
Ba is found when P2 is greater than P1 or an inside bar has a larger volume than the outside bar AND the volume is between P2 and T2P.
If P2 is less than P1, the Bc volume is between P2 and P1.
C band pass
The volume value is between T2P and T2F on the next bar after the T2P.
F type EE's
Fa, Fb, Fc and Fd
Bands A, B and C occur, then an extreme bar appears.
It can be very high or very low.
Let’s go from least to most in value.
Before in the A band an Ab could appear when the bar value was after P2 and lower than T1. Later after the T2P and T2F have appeared the F context comes into view.
HVBO's can appear as well.
If P2> P1, then a volume value just less than P1 is an Fa.
If P1> P2, then Fb is a value just greater than P2.
Fc is a value lower than T2F.
Fd is a value lower than T1.
G
the G band occurs on n+1 tests of the c band.
The volume value is less than the T2F and greater than T1.
The name P3F is assigned to the bar and this assignment means the trend did not end by having a third peak in the OOE of peaks.
Ha
Hb
H band occurs after the primary band (A band) And the Secondary band (C Band) have occurred and AFTER n+1 testing has occurred in any band where n+1 testing is done (C and K bands)
Ha covers HVBO, above the A and C zones and higher than P2 if P2> P1.
Hb is the LVBO below both the A and C bands.
Both occur rarely and are there as part of later trending completeness.
Ka and Kb EE's
In volume testing, it is possible to have sequences of T2P's and T2F's be alternating solutions.
A test procedure must be applied without nuances or anomalies. Neither of these facets can be part of a system of operation of markets. Most CW OODA based orientations omit this constraint and allow incompleteness. All quant activity does this incompleteness violation.
Two sequences emerge: T2P to T2F to T2P OR T2F to T2P to T2F.
The n+1 rule is invoked, and the C band pass is tested.
The band pass on the former triple is Ka. The band pass on the latter is Kb.
A failure is either a peak or a P3F depending upon the nature of the secondary BO. If an extreme LVBO occurs, you use an EE already described. If an extreme HVBO peak occurs another EE is used.
Trend types advance one type at a time as a trend encounters each EE. they are A, B C and D. Read the development of the four trend types elsewhere.
Turn types advance similarly. a. b. and c. There is one exception, all trends end on "c" turns.
An “A” turn is Dominant to Non-Dominant. A “B” turn is Non-Dominant to Dominant. A “C” turn is Dominant to opposite Dominant. All of this is done with a deductive proof as can be seen in the system of operation of the markets.
The Modrian table presents the relative contexts for the appearance of all c turns. IF the before and after EE appears in the Modrian table, the after is a c turn; if not then the turn is the next turn in the progression a to b to c.
The Modrian table is designed for finding the type of turn.
An EE is an end of a trend and it designates a profit taking opportunity.
So always show the independent variable in your reasoning. Keep the independent variable in the picture.
this allows you to go to the price pane and complete the status for making money.
You place the arrow, you add the trend type, from this you determine the turn type.
At this moment you can decide about sidelining.
All of this takes you to the Move Reversal table. This is where you determine if you should take the trade.
I use the "Move Reversal " look up table. It has trend type and EE type colored the same as the Modrian table.
So it is easy to use. If the EE and turn are cited, take the trade; if not, then a HOLD thru or some such ensues.
At this point, you have EE's that can be EXITS showing on the chart.
Begin to use the Move Reversal chart to be able to know to "hold thru".
Hold thru is found by reading the proper colored pane to FIND the trend, turn EE combo at hand. IF IT IS THERE, you are going to take an ACTION.
Here are the proactive actions:
1. if all arrows (30min, bar color and turn arrow line up), THEN REVERSE.
2, If arrows DO NOT LINE UP, THEN SIDELINE.
3. If there is NO LISTING, then HOLD THRU.
4. If you previously HELD THRU and now at this EE the arrows are the same, THEN STAY IN THE TRADE.
So, this lookup table (Move Reversals) being posted refines the last aspect of a turn into: holding thru, sidelining, taking the trade and taking the trade while minimizing losses.
THE VOLUME TESTING PROCEDURE
For volume, there are peaks and troughs to use. They are P1, P2 and P3 and T1, and
T2P and T2F. They follow an order of events. P is assigned and other P1's are larger than the assigned. T1 is after a P1 when it is less than a P1. After a T1 the next peak is a P2 or P3 and never a P1. This forms the A band of bands. A P1 may follow a P2 if it exceeds the prior P1. P2's can follow P2's if the prior P2 is exceeded. when any peak question occurs use the leftmost in the test as written on the log.
T2P's appear after P2's and they are between P2 and T1 in value. A T2F can appear after a T2P and it is less than a T2P and more than a T1. The T2's are used to define the last move of a trend as a zone of values in the independent variable.
For volume, the test procedure determines the OOE of a trend in the independent variable.
When a T2P occurs the B band is in effect.
When a T2F appears the C band is in effect and the n+1 rule is applied to carry out the EE test on the next bar after the T2F appears.
All bands after this full complement of volume elements are in place, occur under special conditions as explicitly defined in the B thru K look up table.
A P1 begins a trend ASAP. Two rules:
1. Do P1 on the current bar of failsafe EE's and A band EE's
2. On all other EE's put P1 on the next bar.
End Effects
The PP1 is the ACCELERATING P1's.
PP1a
Three P2's happen and there is acceleration.
So the PP1a has been invented.
PP1b
This bird is rare but it’s there. we do complete operations in systems.
Three T2P's with acceleration anyway you can get the deal of the cards.
PP2
You have two consecutive T1's
Hey, a P2 is coming.
It lands in BETWEEN the two T1's.
You have a PP2 End Effect.
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.
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.
If the other way around just fill it in and keep going. Troughs first do not yield turns.
So for P1 and then T1 you get PP4 on the lower level as a result.
For P2 and then T2P you get PP5 on the lower level as a result.
For T2P and then T2F you get PP5a on the lower level as a result.
PP6
PP6a
Trough time.
There is NO acceleration here. All you do is get three consecutive bar troughs.
Three T1's give you the PP6
Three T2P's give you the PP6a.
We use price to get permission.
The three-step volume test procedure gets bars named and annotated with rays and a T1 in a box.
we look for PP's by finding SHAPES. Other EE's are there too.
As the trend develops, at P2 we have A band. As other bars are named other bands appear one at a time in a specific sequence.
Only the EE's of the band can appear at these band-specific times. All the OOE's are kicking in.
We constantly steer and focus on a few things bar by bar.
In PP arena we have acceleration, in between volume, OB EE's, and the shrinking volume triples. It is coming into view.
35 EE's 14 are in the PP subset. those not explained happen very rarely. We can pick them up later.
So the A band has 8. Aa through Ah. 8 posts coming up A band is when P2 comes up and THEN more bars after P2.
7 of the 8 are HVBO. High Volume Break Outs. More volume than the A band volume range.
One is Ab the LVBO.
So, 14 plus 8 is 22 out of 35.
the 13 remaining are spread all over the bands B through H.
The major clue to getting EE's is to know the band in effect for the bar you are measuring.
In trends, you first get volume elements and the OOE of volume elements gives you the EE turns.
As you learn permission by price, then you learn volume OOE’s and then you learn band OOE's and the turns (EE's) in the bands.
P1 and T1 define the A band top and bottom respectively. P2 could be in or out of A band. A geometric trend is established by P2.
B band comes into effect with the advent of T2P.
C band is between T2P and T2F.
A Band
Volume A band is there in place. It has three zones: inside, above and below. Inside has no 1 band EE's; new later bands are slipped into place.
7 are above as HVBO's. One is below as LVBO and specifically Ab in name.
Aa HVBO
A four-bar lateral gets built. It cannot be simple and straight forward. If it is then the next bar takes you to other bands or is just a new P1
BUT if the four-bar contains an internal (wait) somewhere along the line, the four-bar is primed for ending.
A four-bar including a wait is an HVBO Aa if an HVBO comes along.
Ab LVBO
If a bar, after P1 to T1 to P2 occurs that is less than T1, it is an Ab LVBO.
These are frequent and often occur in pairs near one another.
Ac HVBO
You have three P1's BUT they do NOT accelerate. So, you always check for acceleration which gives a PP1.
A NOT PP1 sets the scene for an Ac. you get a T1 to P2 then you are in the A band. Internals can happen on the way.
If the bar comes along that is an HVBO of the band, then you have an Ac.
Ad HVBO
You absorbed the Aa HVBO
this sequence is similar BUT.....
You get a P1 or P1's to T1 to P2....... there is an internal somewhere as well...
But there is no T2P to give you a four-bar (with internal).......
What happens on the next TWO bars are P1's.
The second consecutive P1 is designated Ad HVBO.
Ae HVBO
You are logging from an assigned P1 and you get two T1's, then you have a P2. A band is there without the T2P.
After the 2 T1's and P2 you are on alert for an Ae, when you get an HVBO it is an Ae (A T2P was replaced so to speak.)
Ag VEBO
No typo.
You are tooling along.
You get to P2 one way or another (carte blanche).....
Check out that P2 is > P1.
So after P2 consider seeing a P1 or a T2P.
IF a P1 then designate the bar as Ag VEBO.
Af HVBO
You are in a lateral. You are getting the job done.
Suddenly an HVBO occurs in the lateral after you have the P1 to T1 to P2 in the lat.
What you see is what you get; designate it as Af HVBO.
Ba and Bc
Ba is found when P2 is greater than P1 or an inside bar has a larger volume than the outside bar AND the volume is between P2 and T2P.
If P2 is less than P1, the Bc volume is between P2 and P1.
C band pass
The volume value is between T2P and T2F on the next bar after the T2P.
F type EE's
Fa, Fb, Fc and Fd
Bands A, B and C occur, then an extreme bar appears.
It can be very high or very low.
Let’s go from least to most in value.
Before in the A band an Ab could appear when the bar value was after P2 and lower than T1. Later after the T2P and T2F have appeared the F context comes into view.
HVBO's can appear as well.
If P2> P1, then a volume value just less than P1 is an Fa.
If P1> P2, then Fb is a value just greater than P2.
Fc is a value lower than T2F.
Fd is a value lower than T1.
G
the G band occurs on n+1 tests of the c band.
The volume value is less than the T2F and greater than T1.
The name P3F is assigned to the bar and this assignment means the trend did not end by having a third peak in the OOE of peaks.
Ha
Hb
H band occurs after the primary band (A band) And the Secondary band (C Band) have occurred and AFTER n+1 testing has occurred in any band where n+1 testing is done (C and K bands)
Ha covers HVBO, above the A and C zones and higher than P2 if P2> P1.
Hb is the LVBO below both the A and C bands.
Both occur rarely and are there as part of later trending completeness.
Ka and Kb EE's
In volume testing, it is possible to have sequences of T2P's and T2F's be alternating solutions.
A test procedure must be applied without nuances or anomalies. Neither of these facets can be part of a system of operation of markets. Most CW OODA based orientations omit this constraint and allow incompleteness. All quant activity does this incompleteness violation.
Two sequences emerge: T2P to T2F to T2P OR T2F to T2P to T2F.
The n+1 rule is invoked, and the C band pass is tested.
The band pass on the former triple is Ka. The band pass on the latter is Kb.
A failure is either a peak or a P3F depending upon the nature of the secondary BO. If an extreme LVBO occurs, you use an EE already described. If an extreme HVBO peak occurs another EE is used.
Trend types advance one type at a time as a trend encounters each EE. they are A, B C and D. Read the development of the four trend types elsewhere.
Turn types advance similarly. a. b. and c. There is one exception, all trends end on "c" turns.
An “A” turn is Dominant to Non-Dominant. A “B” turn is Non-Dominant to Dominant. A “C” turn is Dominant to opposite Dominant. All of this is done with a deductive proof as can be seen in the system of operation of the markets.
The Modrian table presents the relative contexts for the appearance of all c turns. IF the before and after EE appears in the Modrian table, the after is a c turn; if not then the turn is the next turn in the progression a to b to c.
The Modrian table is designed for finding the type of turn.
An EE is an end of a trend and it designates a profit taking opportunity.
So always show the independent variable in your reasoning. Keep the independent variable in the picture.
this allows you to go to the price pane and complete the status for making money.
You place the arrow, you add the trend type, from this you determine the turn type.
At this moment you can decide about sidelining.
All of this takes you to the Move Reversal table. This is where you determine if you should take the trade.
I use the "Move Reversal " look up table. It has trend type and EE type colored the same as the Modrian table.
So it is easy to use. If the EE and turn are cited, take the trade; if not, then a HOLD thru or some such ensues.
At this point, you have EE's that can be EXITS showing on the chart.
Begin to use the Move Reversal chart to be able to know to "hold thru".
Hold thru is found by reading the proper colored pane to FIND the trend, turn EE combo at hand. IF IT IS THERE, you are going to take an ACTION.
Here are the proactive actions:
1. if all arrows (30min, bar color and turn arrow line up), THEN REVERSE.
2, If arrows DO NOT LINE UP, THEN SIDELINE.
3. If there is NO LISTING, then HOLD THRU.
4. If you previously HELD THRU and now at this EE the arrows are the same, THEN STAY IN THE TRADE.
So, this lookup table (Move Reversals) being posted refines the last aspect of a turn into: holding thru, sidelining, taking the trade and taking the trade while minimizing losses.
- FTT ---> FTT ---> Reverse
- FTT ---> FBO ---> Exit
- FTT ---> BO ---> Hold
However, trading and JH method are both puzzle solving, no way around it. So how can you start loving to work on puzzles?
Even though it almost literally kills me most of time.