Making JH' SCT and all his material alive

[tiddlywinks]

Is the last bar annotated not a PP1? It was a P1-P1-W-P1, and PP1's don't get a "kill" so I thought it would be PP1. Perhaps it was not considered acceleration here?

This was intentional, based on the volume visual. Equal is not acceleration. OTOH, visually, the second P1 MIGHT be T1. I did not verify volumes. So, thinking a step or two ahead in the game, the third P1, MIGHT be a P2. Rather have a peak than an EE until confirmed.

I see that you start a new segment every time FS is activated regardless of if it actually reverses (closes beyond BM) or not.

To make sure we are on the same page, FS (in my corner of the cave), means FailSafe. In JH vernacular FS means either BMRV or BOT1. In annotation, FS (of either type) is a P1. FS in either/any form is meant as a safety valve and is applicable to ANY bar. I find this usage to be dichotomus and I do my best to adhere to the criteria of each type, and therefore my usage is generally minimal.

That said, BMRV needs only penetration to be triggered. That is my understanding and use.
BOT1 has RTL, sequence elements, and closing price to be triggered. Again, my understanding and use.

The bars that would have been reversals for me, in real time, 7:50, would have gotten me out of the short. Interestingly, the 8:10 bar was a Wait... Im not sure how I would have dealt with that bar in real time. PRV and knowing the bigger containers, not the isolation of the current day would have been used.

HTH
Thanks for the questions.

Something else regarding BMRV... the 3 tick rule. Volatility allowing, I use this with BMRV penetration. I use the (nearest) money value of 3 ES ticks as to the instrument being traded, not necessarily 3 ticks.

 

[WchPl]

Wow , so much to read, reread, think and test that I can't post today
Tomorrow I'll post some results and observations. Best day to all of you !

 

[Sprout]

That said, BMRV needs only penetration to be triggered. That is my understanding and use.
BOT1 has RTL, sequence elements, and closing price to be triggered. Again, my understanding and use.

If you look at Jack’s charts, the close makes a difference on the bar you are using as a BM,rev. Otherwise the distinction gets collapsed and the close would make no difference.

When you place the overlay of IF1/IF2 APA, there are moments when the IF1 flags up and when the flag comes down intrabar. This has an effect of whether a IF2 comes into being or not distinct from when it presents and then is no longer valid.

Zooming into the faster timescale will plot this differentiation out horizontally.

 

[tiddlywinks]

When you place the overlay of IF1/IF2 APA, there are moments when the IF1 flags up and when the flag comes down intrabar. This has an effect of whether a IF2 comes into being or not distinct from when it presents and then is no longer valid.

Thanks for the input Sprout.

I employed IF1/2 some time ago. It is not anything I care to use. The "fishing expedition" that I often refer to regarding FS (BOT1 in particular due to subjective RTL placement and/or fanning) is dwarfed in comparison to the outright "overtrading" environment presented with IF1/2.

I'll add, while I do not mind staring at the screen bar by bar, PRV is enough "as-seen-in-real-time-only" for me.

 

[tiddlywinks]

If you look at Jack’s charts, the close makes a difference on the bar you are using as a BM,rev. Otherwise the distinction gets collapsed and the close would make no difference.

This does not make sense to me.

BM is to recognize a pt1 of a supposed container. That supposed container is negated (or possibly completed) the moment pt1 (the BM) is violated. Using the close versus only the penetration does not work unless the container is complete with pt1, pt2 and pt3. Topic of FS is always open to review.

 

[Simples]

This does not make sense to me.

BM is to recognize a pt1 of a supposed container. That supposed container is negated (or possibly completed) the moment pt1 (the BM) is violated. Using the close versus only the penetration does not work unless the container is complete with pt1, pt2 and pt3. Topic of FS is always open to review.

Containers require pt1-pt2-pt3. BM has uses before that and RTL. False containers may be erased, FS should not. RDBMS signals faster than gaussians on a given fractal. Trading fractal doesn't have to be FF.

 

[tiddlywinks]

Containers require pt1-pt2-pt3. BM has uses before that and RTL. False containers may be erased, FS should not. RDBMS goes faster than gaussians on a given fractal. Trading fractal doesn't have to be FF.

now we have to learn to do two annotation to get the correct top or bottom of the Modrian Table.

Let's tackle this head on.

The BM uses a green ray. the rtl of the BO, T1 uses a sloped line segment between to adjacent values.

a bookmark is placed when an EE has ocurred. It is at the end of the bar that the price is going away from. Rays are horizontal in this world. If you have an end effect that is turning from "long" to "short", put the BookMark at the high of the bar.

On the otherhand, if you are at an EE that is going from "short" to "long", put the BookMark at the bottom of the bar.

As you see we use this failsafe modus for one reason only. the principle for making money is to be on the correct side of the market. If you cease to be on the correct side of the market you cannot make money during the time you commit this error.

So the Bookmark is used to create a turn when the market sentiment changes.

Wonderful. I think you have it. In Spain the rain is mostly on the plain.

the other failsafe is the earlybird for the BookMark. The reasoning is that the early bird gets the worm.

So when you make a Bookmark also make an rtl at that ime. make it on the right side as an rtl for the beginning new sentiment. the point 1 is the same point the BM stats at. The point 3 is the next bar end (adjacent bar of RDBMS) AND on the same end of the bar, relatively speaking.

As you have just reasoned the BO of this rtl comes BEFORE the BO of the BM. It is earlier when it is possible to draw it.

There is a caveat of two parts. This is another way way powerful invention. You may only have a TRUE BO of the rtl if and only if. a T1 is there and a P2 has not appeared before (at a lock in) the BO of the rtl. If you have not annotated the P2 it has not appeared as yet just for the timebeing.

what is happening in your thinking is that you are shifting from CW to RDBMS. RDBMS is all a TRUE/FALSE type algebra.

Everything your mind can do is also possible to do with an ATS. I prevent people who are greedy from making ATS's. As Gordon said Greed is good. So I am really greedy. As a consequence I use my mind to help others solve problems. Most problems need money. so this is a money making system.

above is how the top of the Modrian panels work. the yellow, mustard, orange and rad panels onlt require you to draw a BM and an rtl. then we look for violations called BO's.. THe ones that are important for making money are n - 1 events just before the n turn where you reverse to collect profits from a trend ending.

today you shifted from the Present in trading to the certainty of the near future before a reversal turn.

This is dumping "trend following" to begin to do trend monitoring and analysis. I have a 36 chapter book to replace the book "trend Following". 12 chapeters were done in a week a couple of months ago. All this text can go in the next chapters.

so take out 50 charts and just put in BM and rtls where it looks like an EE happened. notice the BO's and if volume died before and a peak came after. slip into the groove with me. fool around alittle. relax

Is it possible, that FS is NOT considered an EE for purposes of BM'ing? IDK... Is it possible?

 

[tiddlywinks]

Regarding using bar close for BM violation...

https://www.elitetrader.com/et/threads/channels.258500/page-12#post-3737233

 

[volpri]

That's how I see it for example.
View attachment 197089




View attachment 197090




Gonna try to fill the log of this day, yesterday's.
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Not sure I understand your drawings..etc concerning Mr Chocolates methodology but will say the drawings look right pretty..well done..and i see alot of thought and work went into this. Congrats!

 

[Simples]

Is it possible, that FS is NOT considered an EE for purposes of BM'ing? IDK... Is it possible?

You know when FS activates they behave the same way as PP! and a Band EE's, so bm and P1 assign. from then on. Next bar could become BM, Rev though. Other EE's may reverse sentiment and reset OOE on either n or n+1, though may also have FS activated on next bar after that. This is just the way markets operate at times, so distinct from tracking containers as well. EE's signal ending of OOE, so no more progression within that context.

As you see we use this failsafe modus for one reason only. the principle for making money is to be on the correct side of the market. If you cease to be on the correct side of the market you cannot make money during the time you commit this error.​