I would like to thank everyone who has participated in this thread and in the past on ET regarding the methodology.
It is good to see you back, WchPl.
I have been apprehensive to post for many reasons that I am still working to uncover. I believe a part has been due to my reluctance to ask for help knowing that the answers to my questions are already published in one way or another.
This journey is nowhere near the end for me and it has already been one of my most surreal experiences.
Two of the many things I am unclear on are Retros and the Move Reversal table. For Retro, I have seen bar 4 and bar 7 mentioned. My current understanding is on bar 4 of a Lat, a Retro process is activated where all bars in the Lat are logged.
For the MR table, how does one know which turn an EE is? How does this determine if a colored blob is placed by the EE and turn designation? I thought the colored blob indicates a C turn.
Lastly, are the index cards labeled "Pink", "Gold', "Hold", "Early Exit" (I am missing an "Early Entry" card)...etc related to RDBMS or an earlier version of SCT? My current understanding is that the index cards are to operate on top of RDBMS in the 5 min time frame to ensure one is always on the right side. As I am looking over the essence page now, I am wondering if the move reversal indicates a potential to go either way and thus a point where an exit and possible re-entry must be made to take the full offer of the market.
I'd like to thank everyone again, I appreciate the time and energy that has gone into making everything come alive.
Thank you for posting and sharing your experience. Most likely starting a personal journal would be specifically supportive for you. WchPl has done extraordinary work in sharing his progress, his struggles, understanding and insights. Even though he has offered to share his workspace, having a workspace of your own would support your effort.
Without posting your own work, it'll be difficult to generate answers contextually specific to your level of differentiation.
There are the questions you are asking and they are based upon a level of understanding of the material that can only be sussed out when posting your own work. The answers you think you need have contextual pre-reqs that if not in place will just be counter-productive to the learning effort.
The sharing of work serves multiple purposes, one of which is to leave trail markers upon the path for others whom will resonate with the approach and follow the trail behind you. You are correct in that most of the answers are indeed published and yet by design there are answers that can only be logically deduced through diligent reasoning. Many a conditioned belief of CW will be sacrificed upon the altar of truth. Truth that can only be experienced through direct observation as well as diligent and rigorous testing.
As for retro, yes bar4 of a lateral initiates retro. Lat7 on Jack's charts defines a notation for BO/FBO of a lateral and is in the realm of defining a sub-lateral which is more of an advanced topic.
As for turns, they flow out of the correct assignment of EE’s, turns and trend types distinguished in the Modrian table. A prerequisite for this is understanding the archetypal trend as it relates to price moves/volume sequences. Understanding and annotating tapes/traverses/channels, drawing rtl’s/ltl’s and BM’s in the appropriate places are also essential building blocks. RDBMS does simplify these annotations more precisely than SCT but the mental perception of them is always present via the use of drills to install them in LTM.
The MR table is to identify false positives as well as provide the complimentary logical structure by which the Modrian functions. It is consulting in a specific sequence. At first one can use the colors that link the Modrian and the MR together to support LTM associations and later one can just use black/red filled boxes as the indication that a MR is/is not at hand.
MADA is about collecting a dataset, it’s not just one datapoint that signals a turn is at hand for there is a nesting of fractal trend segments that determine trading actions which are dependent upon one’s level of differentiation and their trading time horizon.
The index cards you are referring to are a mix. The first two are associated with the 30m annotations and the rest are trading actions which are linked to the Essence diagram.
If you aren’t up to speed with MADA, annotating 30m/5m charts and logging on the 5m on the HRE, implementing trading actions would be pre-mature. Creating associations pre-maturely is counter-productive and activates emotional states that are CW based.
In contrast, seeking understanding, insight and cognition leads to increasing one’s facility and overall capacity. This leads to the possibility of extracting the market’s full offer which is a realm exclusive to the minority. This minority are those with thinking minds willing to put in the required due diligence, challenge out-dated and unsupported beliefs in order to actually ‘see’/perceive the Market’s System of Operation by applying the scientific method in direct observation of market phenomenon.
A pre-req is adopting a philosophy of ‘paying it forward’ and channeling extracted wall st capital towards fixing local ‘main st’ problems instead of increasing one’s own self-aggrandizement. This is an aspect that is vibratory in it's nature and excludes those that are not resonate with it. There are many contemporary problems of our age that could use more efficient applications of capital, that’s what’s up for any awake enough to see that we no longer exist in a world where it’s business as usual.
HTH