1- OB's
I won't develop much because I feel I'm getting it more and more precisely every day. It's clearing itself as much as I do MADA routine. I've dissected things in a way that give me confidence with when OB surge on any particular scenario. Not saying I'm ok 100% with that, but it's going towards it.
2- BO,T1 on INT w/ DEC volume
One thing I wonder and that I want to be sure about, is if the close of an INT breaks out prior esstablished true rtl on a T1 or with a T1 already present, there is BO,T1 or not. I think there is, but I'm a bit uncertain about it. What stimulates my wonder, is because we're not to measure volume on this kind of PC. So, there would be two possibilities :
-either there is a T1 already present in the trend when this BO of true rtl appears on INT. IIn this case I'd say i'm sure there is a BO,T1.
- or, and in this case it's a bit more tricky for me, there is no T1 already present AND then comes a SYM for example, with DEC volume AND its close is beyond true rtl (Trtl). In this case, there is BO, BUT being as we're not allowed to measure volume, I think that stating there is BO,T1 on that bar is a bit "forcing the path". Like...there is BO, on a T1 but on a T1 that is not supposed to be taken into a count cause volume can't be measured. Upto now, I've seen more logic to consider there is BO,T1 in this case, but one more time I'm a bit unsure about this, that's why I'm talking about this.
3- Reference to use for measuring volume
Let's say we have a P1ass on bar 1. Vol is at 10K
On bar 2 : T1. Vol is at 6K.
On bar 3 : wait. Vol is at 4K.
on bar 4 : measurable bar and Vol is at 5K. Is this bar to be compared to prior bar ? or to last measured bar ?
I think it's compared to prior measured bar, it would be a T1 repeat.
Unsure, althoug it makes more sense to me see T1 rather than a P2 (if we consider the prior bar, which was not measured).
4- P1ass on next measurable bar
We have already talked about this before but I'm still not confident with my understanding of it.
Let's say we have a PP! EE on the bar.0, wich assigns then P1 on next bar.
Next bar is a wait. What I wonder is if we must wait a measurable bar to assign P1 or no matter what next bar will show as for the PC and volume and we assign P1 on it.
This echoes to the LAT situation. Unless I understood bad, I had exposed an example in which I had a PP! EE, so next bar needed to see a P1 assigned on it. But this bar was a LAT2. At this very moment, we could not know we were in a LAT. Then LAT3 appeared and the LAT revealed itself*. Then next bar came along and it was a LAT4 and as on any LAT it's the first measured bar of the LAT (unless we have a retro backwards). It had been said that it was on this precise LAT4 that the P1 must be assigned, leaving LAT2 and LAT3 without measurement.
I wonder if what I say here is correct, and if it applies also when we just have an INT. Up to now, ASA I know I must assign P1 on next bar, no matter next bar will be INT or any other PC, I assign the P1 to it. And this would contradict what I said above. The fact that we've discussed about this case only for LAT, did not make me think it's only applicable for LAT. On the contrary I think now if on bar 1 there is a PP!, then next bar will receive a P1 ONLY is that next bar is measurable. In addition to that, when an INT comes, how can one already know it's a LAT2 ? It's impossible.
One more time, I'm unsure.
5 - Degap and squish
Degap
Although it has been stated I'm ok with that now and I know I do degap everytime it's required, I still have doubts coming from inconsistencies I perceive when I'm doing MADA.
Example :
View attachment 205209
If one wants to follow geometry, strictly, and encapsulate the LAT that appears here, then one is to use the yellow rectangle.
BUT
If one wants to use the degapped position of bar 1 and build its LAT (which remains existing after degap), then one is to use the following pink rectangle.
View attachment 205210
As one can see, it can change a lot of things to use/draw/consider it that way.
Logically I'd say the right way is to use/draw/consider the second way.
But I'm unsure.
Another thing I wonder about degap is there :
View attachment 205212
If one, as it is required here, does degap and all the information of the first bar is moved downwards of 1 tick, one will have a BMrev on bar 2.
If one considers this as true, then it takes to the old examples I had provided with multi LAT's moving each time a degap was to be made inside of it. This led to two things :
- an overwhelmed chart
-
@Sprout to tell me it was the complicated way of degapping.
I don't know how to deal with that. I still don't see the easy way of doing it, especially without losing information.
The way I've been degapping for a while now is simply moving n-1 bar and make its close match the n open AND consider all the left side is already degapped until this bar n-1 I do degap concretely. Most of time, the situation illustrated above does not happen. So far, cool. But when it does happen, and the same kind of problem happens with LAT's as discussed more above, it makes surge that question into my mind and creates fuzzyness.
Squish
When I began, recently, to squish internals, I did not realize at first what I'm gonna expose here. It's quite simple.
View attachment 205213
Let's only talk about the form, and ignore sents and everything else.
Bar 1 :
Bar 2 : SYM. If I squish this bar into prior one, I won't see bar 2 anymore and will just have to consider bar 1.
Bar 3 : compared to non squished bar 2, it's and XB, BUT compared to squished bar 2 into bar 1, we have another SYM.
What I wonder is...until when do we squish ? when do we consider last bar as...like it appeared without squishing action ? It echoes for me to the degap action.
If I consider bar 3 compared to squished bar 2, I have anither SYM on bar 3.
And then I'd have :
Bar 4 : SYM
Bar 5 : FBP
Bar 6 : FTP
Bar 7 : XB
I wonder if the above is correct or if it is the following that is correct :
Bar 1 :
Bar 2 : SYM
Bar 3 : SYM (because of LAT, if not already XB)
Bar 4 : XR
Bar 5 : XR
Bar 6 : XB
Bar 7 : XB
Or maybe even something else...
Little break, an in half an hour, I'll begin a new log.