Do not over complicate this stuff.
Trade what you see, not what you think.
We have 3 possibilities Up-Green, Down-Red, Sideways-Blue.
Red or Blue more probable unless something very positive developed over next few days.
On 10-case geometry and beyond
- Thread starter Simples
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Do not over complicate this stuff.
Trade what you see, not what you think.
We have 3 possibilities Up-Green, Down-Red, Sideways-Blue.
Red or Blue more probable unless something very positive developed over next few days.
it might work to certain extents not until sh!t hits the fans, then the premise is not true anymore
"ftt" just follow the tapes for now, so not including any bigger picture than "oh, tape reversed ftt on tape level". Tapes generally just follow bar-bar price geometry/footprint, though OB can go both ways depending on volume.
I see #102 should be B now. Starting to move slowly beyond simple tape-level logic:
Hi stepan7. Nice chart, as usual!
The issue so to speak that I have, is you have presented 3 possible containers. But JH Method is binary, not in any way akin to the Monty Hall Problem. BTW, I agree with the 3 "possible" containers, VISUALLY! One of the containers is true...
I'm not claiming Mr. Know-It-All, or guru, or expert, or any other exalted accolade or status, in any way, shape or form. I use the pieces of JH I find useful every trading day, as do you. And I learn something everyday, with an occasional a-ha! The fact we are attempting analysis of this DAILY chart is a rogue action from JH intents. But it may be a step towards an a-ha!, at least for me.
The number #1 rule of the PV relationship is volume ALWAYS must match the geometry. In that way, volume creates the geometry.
There are more possibilities than that three.
But you know...
Nobody knows future anyway.
From experience my best trades was when thing happen that supposed not to happen according any models, theories or imaginations.
Get ready for it.
Bar106 OB, PP4, reverse long to short. Assign P1. BM short.
Bar107 XR, XB or OB, reverse short to long if close above BM short.
Attached is a debrief of the trend thus far. Bar92 was missed as a PP2. This had the effect of an offsetting the trend ID by of one peak. It synchs again at bar100 and mutates the PP1 to a PP1c.
I agree with @llIHeroic about the artifacts of the method presented while Jack was posting as being focused on the 5min ES futures. There is Jack's PVT which I would have initially inclined to view the QQQ's.
Applying JHM RDBMS to the degapped daily QQQ is an interesting exercise. New territory is being charted!
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Interesting. How do you use volume to create price geometry?