On 10-case geometry and beyond

[tiddlywinks]

You mean like that price curve? Price going up on no volume and A/D be prepared for change? I guess traverse from LTL to RTL is expected?

Oh, how wonderful the world be if everyone would just... Wouldn't that be nice?
Seriously, there is no simple, if this then that. There is an unseen element, an element similar to the one necessary to put together a puzzle involved too.

Quick question again, how is A/D measured anyway? The definition I found measures using a formula of the bar's range and close of the bar relative to the its' range against the bar's volume.

Im not sure I understand the question. But I think you may be referring to the PACE at which the bar forms. Pace is a measurement of the acceleration or deceleration of volume. Using a 5min bar as example, If after 1 minute there was volume of 2000, you could deduce, at the end of 1 minute that the 5 minute bar would be complete or close with an approx volume of 10000. With that piece of info, you can do MADA, after only 1 minute of the 5 minute bar. In this example, there are 4 MADA's BEFORE the bar actually completes or closes. How bout that... MADA is a noun!!??!!

Anyway now I'm all curious to see how those 2 minute charts look like under the scope of JHM.

No. You are already looking at QQQ daily, and now at ES 5 minute.
5 minute is the prescribed time frame, ES is the prescribed instrument.

 

[NeedToLearn]

The QQQ daily I was just tagging along as there was an on going discussion in this thread

My real focus is on the ES 5 minutes, I mean there's already 81 bars everyday I'm ttrying to keep up with... I was curious about the 2 minute charts though, partially because it was one of those finer tools to be used on the YM to lead the ES 5 minute charts from what I read. Not that I'm even going to start looking at it at the current level. Also because you seem to be doing really well with it on the NQ and RTY.

The A/D I was referring to is accumulation/distribution I believe. There was a price curve sheet that scored from 0-7 to measure thr location of the current trend and the variables were price, volume, and A/D.

Wait, there’s another element? Anddd it's not visible? Arghh

 

[tiddlywinks]

The A/D I was referring to is accumulation/distribution I believe. There was a price curve sheet that scored from 0-7 to measure thr location of the current trend and the variables were price, volume, and A/D.

This is talked about in the Building Minds for Building Wealth pdf. Note, it is not the Channels for Building Wealth pdf. What you are referring to is termed "scoring", and from what I know, was applicable to stocks only. Not anything I looked into.

 

[NeedToLearn]

This is talked about in the Building Minds for Building Wealth pdf. Note, it is not the Channels for Building Wealth pdf. What you are referring to is termed "scoring", and from what I know, was applicable to stocks only. Not anything I looked into.

Gotcha. That's the one I was referring to.

 

[kaizer]

I'm in the process of "market replay drill" and the typical issue repeated over and over is: how to differentiate point 3 of upchannel and point 3 of downchannel? The illustration is attached. It is not ES 5min, it is NQ 2min, 30 Apr. But the situation is typical regardless of the symbol or timeframe. Volume can be interpreted two ways, shown on the histogram, so 09.42 bar can be point 3 of downchannel (started @09.10) and also new point 3 of carryover upchannel. Btw, 09.34 cannot be point 3 of the dowchannel because of increasing black volume.
After the fact it is clear but how to differentiate in realtime? Am I missing something? Made mistake? Your comments are appreciated! This example is not unique but rather typical differentiation issue for me, any day, any symbol, any timeframe.

 

[kaizer]

Addition to the previous post, WMCN test. WMCN if we have pt3 of downchannel? Increasing red, and we see it next 3 bars after questionable 09.42 bar. However the upchannel is not broken and we see increasing black @10.02. It is not WMCN of dowchannel, right?

Only @10.15 the picture is clear... but AFTER the breakout, so it's not anticipation, it's late observation and therefore it's useless. What I'm missing?

My assupmtion: as beginner I cannot differentiate what is "timely" and what is "too late". Nobody can identify point 3 or FTT always with 1 bar precision. Some delay is always on the way. How to know what delay is "normal" and what is the consequense of incorrect monitoring? I know my question is too wide and may be too stupid, but it is the very clear situation when the correct question is the 80% of the correct answer.

The trading/simtrading is the ultimate judge of what is timely. But the traders who mastered the method - Spyder, @stepan7 and other participants of Spyder's journal warned aganst simtrading unless and until the beginner 'get it'. And I believe there should be reason for such warning.

Summary. I'm confused and my personal state is FTU->FTD (failure to understand -> failure to differentiate).

 

[stepan7]

I'm in the process of "market replay drill" and the typical issue repeated over and over is: how to differentiate point 3 of upchannel and point 3 of downchannel? The illustration is attached. It is not ES 5min, it is NQ 2min, 30 Apr. But the situation is typical regardless of the symbol or timeframe. Volume can be interpreted two ways, shown on the histogram, so 09.42 bar can be point 3 of downchannel (started @09.10) and also new point 3 of carryover upchannel. Btw, 09.34 cannot be point 3 of the dowchannel because of increasing black volume.
After the fact it is clear but how to differentiate in realtime? Am I missing something? Made mistake? Your comments are appreciated! This example is not unique but rather typical differentiation issue for me, any day, any symbol, any timeframe.

Keep 5min chart in sight all the time. Create second chart with time value whichever you like. I am using 5m and 1m.

While MA of MADA keep JHM fundamentals in mind:

Unless and until the Volume Sequences complete on each and every fractal then (and only then) can the Price trend change.

1. Sequences Complete.
2. The market provides a signal for change.
3. The trend changes direction.
4. The process repeats - this time in a different direction.

Volume leads Price. Always.

- Spydertrader​

 

[stepan7]

Addition to the previous post, WMCN test. WMCN if we have pt3 of downchannel? Increasing red, and we see it next 3 bars after questionable 09.42 bar. However the upchannel is not broken and we see increasing black @10.02. It is not WMCN of dowchannel, right?

Only @10.15 the picture is clear... but AFTER the breakout, so it's not anticipation, it's late observation and therefore it's useless. What I'm missing?

My assupmtion: as beginner I cannot differentiate what is "timely" and what is "too late". Nobody can identify point 3 or FTT always with 1 bar precision. Some delay is always on the way. How to know what delay is "normal" and what is the consequense of incorrect monitoring? I know my question is too wide and may be too stupid, but it is the very clear situation when the correct question is the 80% of the correct answer.

The trading/simtrading is the ultimate judge of what is timely. But the traders who mastered the method - Spyder, @stepan7 and other participants of Spyder's journal warned aganst simtrading unless and until the beginner 'get it'. And I believe there should be reason for such warning.

Summary. I'm confused and my personal state is FTU->FTD (failure to understand -> failure to differentiate).

Be patient is most valuable trader's skill.

 

[kaizer]

Be patient is most valuable trader's skill.

it is no question correct. But what about point3 differentiation? Or I should interprete your answer as 'do not ask but continue to do the work and make conclusion by yourself"?

about keeping 5min always - got it, thanks.

 

[stepan7]

it is no question correct. But what about point3 differentiation? Or I should interprete your answer as 'do not ask but continue to do the work and make conclusion by yourself"?

As you pointed out "differentiate" is important.
Spyder always said one way or another "Learn to differentiate".
Observation skill is important as well.