Between your charts and the daily I commented on, we are getting some empirical proofs to show. These types of repeated occurances is what I depended upon in the late 50's to build my knowledge base.
I put some pink lines on your posted chart so I could comment.
This commentary is just a rehashing of a few pertinent topics that are commonly at play and I term that their use is valid because their repated occurrance over a lot of years provides a geometric empiracle proof that you can verify using single ended T tests, etc.
This is not rocket science. And I am in a premeditated way, going through it with stalker who is simply at inquriy to obtain some facts to compare and contrast an assortment of trading methodologies. I am responsive to him and now I am part of a team that is creating a package.
1. The open and synch. this is a very tangible limited system of four bars that make up the synch. Synch is an observable offset adjusment period of time defined by two indexes, one a cash index and the other a commodities insurance oriented tradeable index. Synch has to happen and it does.
So we have two bars to make a channel; there are combinations and permutations of the possibilities. One more bar is sometimes needed to confirm the channel trend. Another bar (bar 4) gives a specific signal.
This happens and happened today, yesterday and Friday.
QED. I will flesh this out in detail when I put this in the 3 ring binder.
We had bar 2 as an inside bar. So we used bar three to get trend. See the chart. It shows a person waiting instead of scribbling some short lines. This is experience speaking by that person. Beginners to annotating scribble for the mind exercise that build to the experienced place Easy occupies.
2. Volatility increased with the short channel so the channel was widened. the BIG GIANT news was that this widening drove the left channel line into the daily chart's LONG channel right TREND LINE (See green). I copied it from the daily that was posted for the benefit of everyone.
This is the first "putting Green" intersection of two channel lines and they, of course are from two differing fractals. Stalker would putt out at this intersection because the left line of his trading channel has come to an end.
We know a lot from the chart. What we know is backed by empirical proofs in geometric fashion. As we know all backtesting is done using empirical standards and software sub programming. Or are there a few exceptions caused by maths laziness.
I added the green longer term right channel trendline and I extended the trading channel lines to the right edge of the screen where applicable.
3. All channels overlap. When and if a slower channel boundary is hit, that ends the fastr channel traverse in that channel. since channels overlpa we get to do points 1, 2, and 3 in the older trading channel to define the newer trading channel.
A detail, the experienced Easy does not scribe the traverses of his trading channel. These are mear 3 to 4 point intervening runs.
Reminder: We have to get 4 points a day of movement for our contract(s) HOLD to go from 1 beginer contract to 10 SCT contracts on 40 days where 10 or more points a day are available
4. Volume. I added some low (DU), medium and high volume lines arbitarily just using what I could see. If they were rays they could be formerly placed and adjusted volume calibrations.
when trading is above high, then getting it to go higher (which is needed to break out of the daily channel) is something that can be judged by pro rata calculations ahead of the final cummulative value for the whole volume bar.
You can see the B2B when the new long trading channel started. A long goes B to R, B to R over and over. This volume oscillation is how the volatility of the new trading channel is accomplished. It is trader tides. the traditional higher high and how lows thinking as seen by volume leading price.
5. Odd harmonis inverted head and shoulders. You can see I arrowed the head where the ultimate volume of the day tried to break the daily channle and failed. For even harmonics you get the double bottom.
Both the second bottom and the right shoulder are the FFT of the prior trading channel.
6. Emotional traits that are showing. I am so glad people are commenting as they post.
Just plain and simple Mak and I have had history. Many know I am not a nice guy to people with top potential. So thats me and he is he. You know we did meet twice with time between meetings. So I was nice both meetings. He is a big person in everyway you can imagine and I am taken by his character. So I like his emotional expressions here these days. they are so important as a support for self learning that is going on for all of us, me included.
Easy comments too and I admire his approach where he uses what he uses very effectively. I feel and know he is above the pace for getting to 10 contracts in 40 days. So he is running over 4 points a day on 10 contracts I imagine. To go from 4 digits a day to 5 digits a day will not take any adjusting trading wise but emotionally speaking it will show up more and more when it shows up.
Having constant routine that lets your mind and emotions lead the market is a softening of performing that makes for enduring success.
We are moving quite a ways from the edge trading precepts here. One aspect of this different operating environment is the harmony with the market at all times.
Today we had a gap open that required that we use routine methods to make money. Human nature is always creeping into the picture. With a gap there during the peropen flight check, etc., we have to accept all those meesages that are being created within us and still just do the routine.
We had a gap then bar 2 was an inside bar. For goodness sake, why do I have to go through this crap....lol
Actually you can get to the place where you say: "Neat I get another five minutes to goof off". Or even: I get to nail that short entry just where I want and nail the length of bar 3 in bar 4 after I am in, also.
There is no need to relax or get tense. You can just enter and hang with it, i. e., take the channel down to its intersection with the daily trend line. You also can absolutely creme the channel width every time you have the chance.
I'll say this we are getting the context of the putting green on the table. This time out I used the putting green. I could have played the whole hole and used a lot of clubs. I am trying to establish the empirical nature of trading in markets.
Alliance runs Annuity University out of Denver. I deal with about 6 departments at one university. At others I just focus in one department. Teaching doesn't exist, but supporting learning does. If I am judging the beginning of the annual business school competition finals; I see the first rounds as warm ups for the semi's and the final. Semi exhausted talented problem solvers, in one day work their guts out to get the checks and the annual recognition. My blast is the absolute ecstacy of several people saying: thank God you asked that question in the first round. That's me. I do want people to do their best in any way they want. I lvoed seeing a spreadsheet appear on the screen and seeing three people hover around the "punchline" they were not going to express but then they did.
We are here and now and this team is nailing the ES. The SCT is just a catalyst it turns out.