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.![]()
Yes, what you say is true about
sometimes the geometry doesn’t line up when using the close to validate the BM, rev.
You are pointing to a place where SCT and RDBMS are decoupled at the FF level of resolution. RDBMS tracks trend segments. Those segments can be FS or Routine, Complete or Incomplete. With that said, sometimes the visual geometry of the price pane does not line up yet the volume sequence is intact.
Using the goalpost of 30-40 trades per day on the ES trading at Jack’s level makes that trades on avg of 2-4 bars. BM,revs are generally 1-2 bars, BO,T1’s 2-3 bars (mostly) and further in trend as it occurs simultaneously with other EE’s. BO,T1’s always take precedence during logging.
Acceleration and fanning of the RTL is also a requirement. As one goes through the process, it’s a shortcut not to explicitly do the fan or acc as an annotation and just use the RTL at the initial start of trend - it depends on the volume and volatility presented in the day as well as the ‘pattern’ built in the mind’s eye.
With acceleration, in a way one is creating an ‘offset’ of the initial b2b, r2r (which is the first trough and second peak) to the second trough and third peak of a complete trend.
All this becomes clear when one takes up logging bar-by-bar as well as linking the Modrian table to the Move Reversal table through turns and ID’ing trends.
The Move Reversal table works like a trail marker. When the logic is followed, the failed turn ID’s on the Modrian show up on the Move Reversal.
It’s quite a sublime experience. Quite like being in doubt while off trail in the woods and coming across a trail marker that one can see on their hiking map. All of a sudden one KNOWS where they are and KNOWS that they know.
One also sees how the Move Reversal table can be extended.
@WchPl is psyching himself out its it relates to the first pass at ID’ing turns. Doing it the way that he was had built a necessary sports memory in terms of logical reasoning. Just because it’s now time to move on to synchronize it to the Modrian and Move Reversal tables does not invalidate the work process that he invested in. It operates in the background and some trends will synchronized with this others will not, knowing the difference is not a multiple choice test answer. It’s more like writing an essay and having a firm grasp of the material by which one can compose their own thoughts by constructing meaningful sentences into conveying an idea.
In this case it’s the market conveying an idea of where it wants to go and our job of getting out of our own way so that we can listen clearly and take timely action.
Jack gave a gift that just continues to give. It’s quite amazing in it’s truth and beauty.
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