Making JH' SCT and all his material alive

[WchPl]

I'm going to mention a few things from an IRL perspective.

FS

• FS stands for FAIL-SAFE. It is meant as a safety valve so the trader can "always" be on the money-making side of the market.
• The Failsafe VTP sheet CLEARLY states FS can be applied to ANY bar. FS is meant as a safety valve for the trader, applicable on ANY bar, therefore applicable at any time whether it be during bar formation or end-of-bar.
  
  In the "normal" course of VTP/OOE annotating, FS has rules and/or guidelines (depending on one's POV)
  
• BOTI... T1 exists. P2 has not been annotated. Band A has not been established via annotation within the current segment/trend.
• BMRV... Penetration on a BM

BM
BM stands for BOOKMARK and is used to "mark" a turn. BM's are placed on EE's and P1's, at the high or low of the bar, more specifically, at the OPPOSITE SIDE of the price movement. For instance, a turn in a down trend/segment changing to up would have a BM on the LOW of the EE or P1 being BM'ed.

BM is related to container point geometry... You are attempting to mark the container "points". The caveat is that "trends overlap" therefore each fractal, and each trend/segment has BM's, including sub-fractals! Done correctly, BM's will help you to recognize and keep focused on your trading fractal.


Back to BOT1...

Thread: butt, Post: #903

Frenchfry explains...
---------------------------------------------------------------
Quote from Jack (just in case Jack or somebody else has doubts):

"...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 time being..."

Simplified: You either have a BO of a RTL or you have a BO of a RTL WITH(!) a T1.



There is further discussion on BOT1 with Jack in that thread.

Since I've reread this passage by myself a bit before you wrote it, I have begun to think about it. It began to make sense to me, and the more I thought about it, the more it was making sense. After you mentionned it, it's making even more sense.
I feel there's something very very very important here, that is to be discovered and studied.
Usually, I notice that each time I have to incorporate a new level of differenciation/knowledge/piece, it destructurates my prior work in a way that affects me psychologically.
It's the first time ever since I'm on the path, that incoporating something new yes does destabilizes me AND at the same time yields some more confidence.
I feel I just need to slow down the tempo a bit, just take a blank new chart, assign P1 to its first bar, and go with my current level of understanding/knowledge/differenciation as for true/non true BO,T1 (or better said BO,T1 or BO of rtl) and BMrev, in addition to all I know already.

A note on BMrev : I've been taught to consider there is BMrev when the close of the bar breaks out the BM. You're talking about penetration only. There can be penetration with close not breaking out BM, but there can't be close breaking out BM without penetrationof it. Jack also states BMrev is when there is penetration of the BM. Since the beginning of January 2019, I consider BMrev when the close breaks out BM. It may deal, one more time, with differenciation, but from now I'll stick to what Jack states. I'll consider then there is BMrev when there is penetration, regardless of where close is.

I'll take a new chart then, apply all this to it in order to practice a bit with these new inputs, and then I'll be back to my last uncomplete chart of 07/08/19, will reset MADA on it and begin it again.

Week end will be filled.

 

[WchPl]

I'll take a new chart then, apply all this to it in order to practice a bit with these new inputs

MADA on 07/19/19 Chart & Log - part 1

Note on bar 10:30 : I don't see BO,T1 anymore cause P2 is already there, so it's just BO of RTL, and there is no EE associated to this "poor" condition of ending a trend. I only see then BM,rev.

Note on bar 10:45-10:50-10:55 : on 10:45 we have a TI being under last P1 and above leftmost P1. I see a PP3 EE. So, P1 will be assigned to the next measurable bar.
As I know, we are not to consider any price move which is against the rule of the reason and the logic, which means for example, if a rtl is "inside" an internal which is not a UL, then the BO is not there and we're to fan the rtl.
I can DD it's the same logic for BMrev. So when 10:50 bar comes, after degap we have StB. Not UL cause volume is DEC. So we fan AND we cannot assign P1 to this bar, it's a wait then AND there is a penetration of prior established BM (associated with PP3 EE's bar) BUT it's on a non measurable bar so it would be disrespectful of logic to consider this BM so I see a Repeat BM on that bar.
Finally, when 10:55 bar comes, after degap we have XR short so have permission to measure the independant variable, we assign P1 to it due to prior PP3 AND another BM to it.

This differenciation of BMrev by penetration only AND this differenciation about true BO,T1 changes a lot of things.

I'm still not that clear with ID the different fractal levels, but I feel it's coming closer and closer to me as I continue to log, think, read and work all this.

 

[WchPl]

MADA on 07/19/19 Chart & Log - part 2

And it's enough for the practicing part about true BO,T1 and BMrev by penetration.

Back to 07/08/19's chart from Bar 1

 

[tiddlywinks]

A note on BMrev : I've been taught to consider there is BMrev when the close of the bar breaks out the BM. You're talking about penetration only. There can be penetration with close not breaking out BM, but there can't be close breaking out BM without penetrationof it. Jack also states BMrev is when there is penetration of the BM. Since the beginning of January 2019, I consider BMrev when the close breaks out BM. It may deal, one more time, with differenciation, but from now I'll stick to what Jack states. I'll consider then there is BMrev when there is penetration, regardless of where close is.

If you understand bookmarks are related to container geometry points, then by using the basic container geometry RULE...
With an up-slope container, point 3 can not be lower than point 1.
With a down-slope container, point 3 can not be higher than point 1.
At the moment when/if either of the above occurs, point 2 becomes point 1.

Penetration of a properly recognized BM precisely deals with this foundation, and is applicable to all fractals. Once again with the caveat that trends overlap, which also applies to all fractals. RDBMS is much finer analysis than container geometry in that it applies to the individual trends/segments (and overlaps) that make up "the pattern".

 

[tiddlywinks]

Regarding "overlap"

Here is a Jack post from the butt thread....
NOTE: the link inside the quoted is still live!! I have included the linked pic below.

 

[WchPl]

I've had a long day of thinking deeply, reading and finally did not do the log again. Tomorrow
Just as I was thinking about, here is a little example of my current understanding of the application of the pattern I've built on a real chart.
Not very interesting for now, just wanted to produce something rather than not posting anything. It reminds me when I was struggling so hard on the nested fractals and gaussians.

 

[Sprout]

Since I've reread this passage by myself a bit before you wrote it, I have begun to think about it. It began to make sense to me, and the more I thought about it, the more it was making sense. After you mentionned it, it's making even more sense.
I feel there's something very very very important here, that is to be discovered and studied.
Usually, I notice that each time I have to incorporate a new level of differenciation/knowledge/piece, it destructurates my prior work in a way that affects me psychologically.
It's the first time ever since I'm on the path, that incoporating something new yes does destabilizes me AND at the same time yields some more confidence.
I feel I just need to slow down the tempo a bit, just take a blank new chart, assign P1 to its first bar, and go with my current level of understanding/knowledge/differenciation as for true/non true BO,T1 (or better said BO,T1 or BO of rtl) and BMrev, in addition to all I know already.

A note on BMrev : I've been taught to consider there is BMrev when the close of the bar breaks out the BM. You're talking about penetration only. There can be penetration with close not breaking out BM, but there can't be close breaking out BM without penetrationof it. Jack also states BMrev is when there is penetration of the BM. Since the beginning of January 2019, I consider BMrev when the close breaks out BM. It may deal, one more time, with differenciation, but from now I'll stick to what Jack states. I'll consider then there is BMrev when there is penetration, regardless of where close is.

I'll take a new chart then, apply all this to it in order to practice a bit with these new inputs, and then I'll be back to my last uncomplete chart of 07/08/19, will reset MADA on it and begin it again.

Week end will be filled.

Review Jack’s charts for your answer.

 

[WchPl]

Review Jack’s charts for your answer.

Most of Jack's chart loose me. There are many things I don't get and appear to me as inconsistencies compared to the litterature.
Apart from this, from I've just seen before posting this, is that he uses close of the bar outside of BM to pu BMrev. Which contradicts my current understanding of his own writings.

I surely need a little rest today, I don't know yet.

Anyway I know there a mountain of work waiting for me still, and I don't feel at the moment able to face all this.
I'm psyching myself with the fractals levels, the pattern, the overlap zones, some EE's etc. Well, overwhelmed, simply. Classic ^^

 

[WchPl]

I will just log again the charts of ES1! from the last available datas, so from 06/24/19, with the new distinction I have in mind as for BO,T1 and will use the close outside from BM for BMrev because it's the only way I see logic for it (BMrev) for now.
It will be a first serie of debrief for those charts I've already logged.

 

[WchPl]

I will just log again the charts of ES1! from the last available datas, so from 06/24/19

MADA on 06/24/19 Chart & Log - part 1