I was reading through Jack's post
"When T1 and P1 are established the trend can continue. The trend has a defined range in the independent variable."
I wasn't sure if he was actually saying that volume has a defined range for volume bands or defined range in price as a result of volume from the quote above?
PV is a relationship. Price is the dependent variable.
Each interpretation would mean you can either
a) take profits or reverse given the range at a certain point for each segment
take profits is true, 'or' makes precision a requirement.
b) hold until change happens before exiting or reversing
is true for independent variable and depends on trading fractal and where one enters:
1) Dom or
2) non-Dom or
3) return to Dom traverses
'or' makes precision a requirement.
Traditional SCT would have us thinking defined range in volume bands and wait for change (FTT) to reverse.
ie. a single bar can be have multiple trades, whether that bar is a M,W,D,H,30m,5m is a function of one's discernment, capacity, and the current volatility.
Fractal jumping is a two-edged sword when hold & reversing on faster timescales than one is calibrated for. It's helpful to take two-steps back after one trades bar-by-bar on 5m (or faster) with if1/if2 apa.
Early Entry, Entry, Hold, Exit, Early Exit, Sideline and whoops!
P.S. I hope this volatility lasts in the ES... finally some action!
Yes, the money velocity is amazing!
