Market System of Operation

[tiddlywinks]

Quote from workwithus:

Tiddlywinks you may want to review your log with the attached 12/24/13 every bar degapped chart.hth

Thanks for the effort workwithus, but bar-by-bar degap is not for me. Not to be confused with mental degap of a session opening gap, which was not applicable on 12/24.

For those unfamiliar with degapping it might be helpful to explain how degapping affects EACH previous bar and maybe show a few hi and low differences vs the actual price chart. Knowing why bar-by-bar degapping is recommended might also be useful.

 

[frenchfry]

Quote from workwithus:

Tiddlywinks you may want to review your log with the attached 12/24/13 every bar degapped chart.hth

Do we agree on this?

Bar 1: XB, use volume
Bar 2: XB, use volume
Bar 3: XR, use volume
Bar 4: XR, use volume
Bar 5: XB, use volume
Bar 6: Hitch, wait
Bar 7: XB, use volume
Bar 8: Hitch, use volume
Bar 9: Lat3, wait
Bar 10: XB, use volume
Bar 11: XB, use volume
Bar 12: XB, use volume
Bar 13: FBP, wait
Bar 14: Lat3, wait
Bar 15: XR, use volume
Bar 16: XR, use volume
Bar 17: Sym, wait
Bar 18: XB, use volume
Bar 19: FTP, wait
Bar 20: Lat3, wait
Bar 21: Lat4, retro
Bar 22: Lat5, retro
Bar 23: Lat6, retro
Bar 24: Lat7, retro
Bar 25: OB, use volume
....rest later.

Next volume test procedure.

 

[tiddlywinks]

Quote from frenchfry:

Do we agree on this?

Bar 1: XB, use volume
Bar 2: XB, use volume
Bar 3: XR, use volume
Bar 4: XR, use volume
Bar 5: XB, use volume
Bar 6: Hitch, wait
Bar 7: XB, use volume
Bar 8: Hitch, use volume
Bar 9: Lat3, wait
Bar 10: XB, use volume
Bar 11: XB, use volume
Bar 12: XB, use volume
Bar 13: FBP, wait
Bar 14: Lat3, wait
Bar 15: XR, use volume
Bar 16: XR, use volume
Bar 17: Sym, wait
Bar 18: XB, use volume
Bar 19: FTP, wait
Bar 20: Lat3, wait
Bar 21: Lat4, retro
Bar 22: Lat5, retro
Bar 23: Lat6, retro
Bar 24: Lat7, retro
Bar 25: OB, use volume
....rest later.

Next volume test procedure.

Does not match my 12/24 log. Maybe I have an out-sized price-case identification problem, but I don't feel that to be true. "retro" otoh, I have not seen discussed in this thread, perhaps I overlooked, and it is not listed in Hero's glossary last I checked.

 

[frenchfry]

Quote from tiddlywinks:

Does not match my 12/24 log. Maybe I have an out-sized price-case identification problem, but I don't feel that to be true. "retro" otoh, I have not seen discussed in this thread, perhaps I overlooked, and it is not listed in Hero's glossary last I checked.

Before we can go any further to what Jack posted, the price cases have to be correct and the question which volume bar can be used or not for the volume test procedure.

The first disagreement is on bar 6. Bar 6 to you is a XB. But what do you get if you remove the gap between the close of bar 5 to the open of bar 6? In other words: Shift bar 5 up or down until the close aligns with the open of bar 6. What is the resulting formation (price case) now?

 

[tiddlywinks]

Quote from frenchfry:

Before we can go any further to what Jack posted, the price cases have to be correct and the question which volume bar can be used or not for the volume test procedure.

The first disagreement is on bar 6. Bar 6 to you is a XB. But what do you get if you remove the gap between the close of bar 5 to the open of bar 6? In other words: Shift bar 5 up or down until the close aligns with the open of bar 6. What is the resulting formation (price case) now?

Why is it necessary to view an intraday price bar with a gap as something other than what it is? What is it about an intraday close to open gap, regardless of size that makes it undesirable? What is the purpose of adjusting the entire price bar, skewing at a minimum only that bars price range variables?

 

[frenchfry]

Quote from tiddlywinks:

Why is it necessary to view an intraday price bar with a gap as something other than what it is? What is it about an intraday close to open gap, regardless of size that makes it undesirable? What is the purpose of adjusting the entire price bar, skewing at a minimum only that bars price range variables?

Quote Jack Hershey:
"Degapping bar to bar is a requirement of RDBMS.

Fractals have their place. To see them correctly, degapping must be done before the observation is made."


I will leave it to Jack to justify (explain) it (the reason "why").

 

[tiddlywinks]

 

[xioxxio]

Quote from jack hershey:

Ah HVBO

The say ending is nigh.

Bar 78 happens and there is no T1 in the sequence.

You have a P1 or P1's to P2 and a HVBO occurs. The first P1 is acting as a synthetic T1.

A HVBO occurs. (probably the next day near open.)

At the HVBO you have a Ah HVBO.

Hi Jack, it looks like you have done a complete 360 on Ah. Same conditions as above but a LVBO

 

[frenchfry]

I see what you mean. On his original "A-band sheet" he says:

"Band pass = LVBO"
"First P1 replaces T1"
"Happens when P2 assigned on bar 78 before T1 occurs"

 

[llIHeroic]

Quote from tiddlywinks:

De-Gapping Question

Post #4 of this thread touches on why we do this.

Also, I tried to put it into the definition of De-Gap on the Glossary as well.

"The mental process of removing any gap in price between one bar's close and the following bar's open. Used in order to correctly compute the relative change in price between the two bars."