On 10-case geometry and beyond

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4/5/18. Daily QQQ... What do we have, what do we know today?

1) Indications from the earlier PRV remained through the close. It was DV, approximately 63% of yesterday.

2) Today was an XB price bar, although the bar did close red (bar close < bar open). Looking at those numbers however, BOTH the open AND the close were HIGHER than yesterday's high. This carries weight in my analysis.

3) Easily seen through volume, the bar IS NOT an XO of the down channel. Have to wait (for an IV day preferably).

Let me list some JH "rules", not guidelines, that are in play right now...

Container breakouts occur ONLY with B2B or R2R. In our current read, pt1 is yesterday's OB low and T1 is the OB high. Yesterdays OB (OB provides 2 pieces of volume sequence) was a P1/T1. However, the volume sequence from pt1 to a pt2 contains 3 pieces of sequence...
P1 >> T1 >> P2, the same as IV-to-DV-to-IV, or if you prefer B2B or R2R.

Regarding container structure/geometry...
pt1 of a container is ALWAYS located in the overlap zone of 2 opposing containers. This means pt1 is ALWAYS within the existing container. Current analysis adheres.

pt2 of a container is ALWAYS located in a new container. pt2 has not been established in the current analysis. Todays XB is supportive of moving towards a pt2... BUT there is no B2B, and therefore can not be considered a breakout of the "old" down container.

pt3 can be located in either the "old" container or the new container. However, if pt1 is a low, pt3 can not be lower. If pt1 is a high pt3 can not be higher.

Many defined money-making goodies occur ONLY AFTER a pt3 has been established.

To even THINK about using the JH methodology, you need to be fully versed with...

1) container structure, pt1, pt2, and pt3 and the associated geometry.
2) the volume sequence... three container points pt1, pt2, and pt3 are created with a 4-part volume sequence, and a complete volume sequence is comprised of a 5-part volume sequence.


I have updated the chart with a "new" up container. Call it a tape, a goat, a shoelace, whatever you want. It may only be temporary! I see todays XB as another T1. This is based on the open/close of the XB as mentioned above. The next IV clarifies. As of now, we have one close with DV outside the "old" container. This could easily turn into a new pt3 of the old container. If you were short, the RTL touch yesterday, or certainly sometime today was a ringing of the register. If you are SCT or extremely aggressive, you are long. Me, I would have rung the register, enjoy a tri-tip, and wait for clarity. The new container is incomplete. There is no B2B and no breakout (yet?). Plus, I don't trade equities or daily charts.
 
Simples said:
Here's C-turns as stronger coloured box with black border, B-turns with less strong colour and no border.

View attachment 184302
More...


The logic for B-turns is that there must be a C-turn to start and an A-turn and return to Dominance which is the B-turn. B-turns are RETURN to Dominance. C-turns begin Dominance. A B-turn does not come directly after an C-turn. There must always be an A-turn between C-turn and B-turn.

What you currently have as B-turns are the follow through of the C-turns.

The trend types are
Set A, C-C
Set B, C-A-C
Set C, C-(A-B)-C
Set D, C-(A-B)-(A-B)-C

Set D can expand the number of (A-B)’s within the C-Turns.

C’s within a set are changes in Dominance.

Frequently there might be multiple A’s, B’s and C’s in a row. If the same color then they are the continuation of the first impulse move. A-Turns frequently alternate in color. A pattern like C,C,C, A,A,A,B,A,A,B,B,C,C can be reduced to C-(A-B)-C.

If you notice the start of trends occur with A-Turns prior to C-turns, C-turns, BM-rev and BO,T1 (XO of RTL). Trends also end at these points. The best exit of the current trend is also the best entry of the developing one.

Each of these turns have a different shape depending on what trend type is currently presenting and where the trend is in the OOE.

It would be supportive if the info clusters you have around the bars were logged on a log sheet. The log sheet collects the dataset per bar and distinguishes what is perceived during RTH vs what is really there.
 
Last edited:
4/6/18.
XB price bar with IV. Open and Close both below yesterdays low. No trades at or above yesterdays close.
XB close inside the "old" container... Old container fans for new pt3.
But is today ftt of old container? hmmm.

Will post more, with updated pic over the weekend... All, have a good one!! :)
 
tiddlywinks said:
4/6/18.
XB price bar with IV. Open and Close both below yesterdays low. No trades at or above yesterdays close.
XB close inside the "old" container... Old container fans for new pt3.
But is today ftt of old container? hmmm.

Will post more, with updated pic over the weekend... All, have a good one!! :)
More...


TYPO!!!!

Today's price bar is XR.
Was in a hurry. Fat fingers. Beer. Sorry.
Recap/analysis/weekend wellwishing stands, XR.
 
Sprout said:
My mistake, the Ag is an Ad.
More...

Upon further debriefing, the above is in error.

Ad EE - prerequisite is wait within 4bar window, P2 between P1 and T1. The next two bars are P1.

Ad to be replaced with

Af EE - P1,T1, with P2 bwt P1 and T1. Next bar being a P1.


This debrief was great in further refining and clarifying underutilized A-band EE’s for myself. As I review my logs, changing A-band Ad’s with corrected Af’s reinforce certain principles.

Many thanks!
 
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