SCTlearning from scratch

[jack hershey]

To help with Q's lets refer to the post number here or elsewhere. Then ask a Q.

My health stinks this year. I'm running my pool at 96 these days so I can stay very relaxed as I do my sea otter routine with tomato's just off the vine.

BE DO HAVE.

 

[nir]

Wow, I guess you took the being more active to the limit Jack with 4 pages of loads of info.
This will take a while to digest and internalize.expect loads of questions.
Thank you for all the info and I hope you feel better.

 

[jack hershey]

Wow, I guess you took the being more active to the limit Jack with 4 pages of loads of info.
This will take a while to digest and internalize.expect loads of questions.
Thank you for all the info and I hope you feel better.

To polish the contents of the system, I will present a set of cards. There will be 10 cards for the boxes on the Essence chart and a series of cards for the elements used on the30 minute chart; these will include: the pink, the gold, the RTL and LTL, the ftt.

Additionally there are two other cards: preservation of capital and the ESSENCE card.

To do this I will hand letter 3x5 cards. I prop up the preservation of capital and Essence cards so I can see them at all times. I do not use the 30 min cards since I annotate it all the time.

I shuffle the ten other cards so that I know I know which of the ten cards is in use on the flow sheet.

I am a visual person and my orientation is left/right. Thus I keep sweeping the display and spend most of my time "reading the DOM on the trading platform since I "carve" profit segments.

I regard learning to trade to take the full offer of the market as having six levels of expertise.

Here in this effort we use a weekly sweep and have a 500K roi life style.

as a person moves to advanced expert, he uses the amount of capital possible in each market and he uses the limit for streams in each of the three methods: SCT, PVT and SSR trading.

I have posted trading results here for the 100 contract limit on SCT and the 100,000 share limit of 12 streams in PVT. SSR is unlimited.

Recently in another thread I asked for help in posting regarding showing trades. What I posted was unsatisfactory, I found. There is probably no point in posting the timing of trading results in ET.

In five to ten years a more technical approach will occur to be supported by vendors. This stuff here may influence them.

John Bollinger and I receive a slightly different version of data that any others from the trading platform we use. This reluctantly granted stuff stil makes us suspect by the owner. He feels we could market his product ourselves and beyond his control. While this is a laughable situation, it does show how difficult it is to input venders to help them improve their servicies. As a comment on the more distant future, I am sure that the bars charts, line charts, profile charts and the ancientJapanese rice charts will all be replaced by unilateral bar charts. Unilateral bar charts simply collapse al the complexity you see in the system I have presented. this will probably take another quarter century to achieve. So it goes for the financial industry.

I guess the funniest part of all of this is the fact that not even the financial industry have come to believe what the independent variable doees. They use the definition of insanity and keep applying statistics to only the dependent variable. Thus for scientists it is like taking candy away from babies. As these people say, what we do is still "unbelievable". LOL ....

 

[smwbbe]

Lets use the Essence chart to add boxes that come as consequences of building the mind by doing drills.

At this point you have EE's that can be EXITS showing on the chart.

Begin to use the Move Reversal chart to be able to know to "hold thru".

Hold thru is found by reading the proper colored pane to FIND the trend, turn EE combo at hand. IF IT IS THERE, you are going to take an ACTION.

Here are the pro active actions:

1. if all arrows (30min, bar color and turn arrow line up), THEN REVERSE.
2, If arrows DO NOT LINE UP, THEN SIDLINE.
3. If there is NO LISTING, then HOLD THRU.
4. If you previously HELD THRU and now at this EE the arrows are the same, THEN STAY IN THE TRADE.

Hello Mr. Hershey - so glad you're back and so much information has been given. I am sorry to hear that your health has not been good. I so enjoy trying to put the puzzle pieces of your system together, but I'm stumbling a bit and hope you can provide some additional clarity. Per your request, I'm replying to post #139.

A recent chart you posted (3/28/14) shows your boxes of "Sideline" and "Hold Thru" and I was definitely perplexed. I also see notations of D-A-A Triad that were new. However, it's the Move Reversal/Essence Chart instructions that I'm having some difficulty deciphering.

For instance, on 3/28/14, the open occurred and there was an immediate EE of BM REV. A 'c' turn had occurred previously and that EE was PP4. On the Modrian Table, PP4 to BM REV is not a 'c' turn, so the turn is noted as an (a) turn. The Essence table shows that a BM REV can be an 'a' turn or a 'c' turn but because there isn't an additional EE, it appears that it's just an 'a' turn.

The next EE that occurs is a BO,T1. You're in SetB and BM REV to BO,T1 isn't a match on the Modrian Table. Again in the Essence table, BO,T1 can being either a 'b' turn or a 'c' turn depending on whether or not another EE is present (as I read it).

However, your chart indicates to SIDELINE. As I understand it, SIDELINE means to exit. Why not just HOLD as I thought was the general rule of thumb for a 'b' turn?

I've attached a document of the side-by-side comparing the 5min and 30min chart of the same time period attempting to understand what you've indicated.

Thanks for taking the time to read and for your continued posting.

 

[jack hershey]

Hello Mr. Hershey - so glad you're back and so much information has been given. I am sorry to hear that your health has not been good. I so enjoy trying to put the puzzle pieces of your system together, but I'm stumbling a bit and hope you can provide some additional clarity. Per your request, I'm replying to post #139.

A recent chart you posted (3/28/14) shows your boxes of "Sideline" and "Hold Thru" and I was definitely perplexed. I also see notations of D-A-A Triad that were new. However, it's the Move Reversal/Essence Chart instructions that I'm having some difficulty deciphering.

For instance, on 3/28/14, the open occurred and there was an immediate EE of BM REV. A 'c' turn had occurred previously and that EE was PP4. On the Modrian Table, PP4 to BM REV is not a 'c' turn, so the turn is noted as an (a) turn. The Essence table shows that a BM REV can be an 'a' turn or a 'c' turn but because there isn't an additional EE, it appears that it's just an 'a' turn.

The next EE that occurs is a BO,T1. You're in SetB and BM REV to BO,T1 isn't a match on the Modrian Table. Again in the Essence table, BO,T1 can being either a 'b' turn or a 'c' turn depending on whether or not another EE is present (as I read it).

However, your chart indicates to SIDELINE. As I understand it, SIDELINE means to exit. Why not just HOLD as I thought was the general rule of thumb for a 'b' turn?

I've attached a document of the side-by-side comparing the 5min and 30min chart of the same time period attempting to understand what you've indicated.

Thanks for taking the time to read and for your continued posting.

Thanks for your question and the way you estblished to context of your comments.

first everything in your comments is true from the technical vantage point you achieved.

BUT ... and just smile as I kandle the BUT.

You have added something as a personal intrinsic conclusion. I will attempt to surround this item so that in the future your reasoning cannot get to this personal extrapolation which you created.

Lets go to the 3x5 card for "sideline". See attached.

 

[llIHeroic]

Here are the pro active actions:

1. if all arrows (30min, bar color and turn arrow line up), THEN REVERSE.

...

Jack, thank you for taking questions. I would like to reference Post #139 quoted above. I have illustrated a question to attach to the post.

When using the 30m chart to determine sentiment with the price pane, what arrow do we have when it appears an FTT has occurred, and the BO of the RTL has not occurred yet but we are anticipating it?

I do not know if the answer is long, short, or both at this time.

 

[jack hershey]

Thanks for your question and the way you estblished to context of your comments.

first everything in your comments is true from the technical vantage point you achieved.

BUT ... and just smile as I kandle the BUT.

You have added something as a personal intrinsic conclusion. I will attempt to surround this item so that in the future your reasoning cannot get to this personal extrapolation which you created.

Lets go to the 3x5 card for "sideline". See attached.

the small NLP thing I am doing is getting you to move to the place where you use the sideline information. As you do this, then your will build a wall around your supposition about having a rule of thumb about anything.

the modrian table is designed for finding the type of turn.

An EE is an end of a trend and it designates a profit taking opportunity.

So always show the independent variable in your reasoning. Keep the independent variable in the picture.

this allows you to go to the price pane and complete the status for making money.

you place the arrow, you add the trend type, from this you determine the turn type.

At this moment you can decide about sidelining. Use the attached card. You could have written the card as well.


All of this takes you to the move reversal table. This is where you determine if a reversal blob can be added to the price pane decision and action annotation (the colored blob).

If a blob is there a reversal is happening unless "sideline" takes precidence if sideline is there. When it is there it has precidence.

As a very unimportant small tiny footnote, you mentioned that you felt a (b) turn meant to hold thru. It does mean that you are going into a non dominant move (an even move). We know from the pattern that this is a defined "retrace" and NOT a reversal in trend trading. As a consequence, we can do as we wish when it comes to retraces. By sidelining and re entering the next dominant EE you CAAN better your performance overall.

In CW trading this is where most loser types using PA get upside down with their up/down orientation. and whipsaw trading is what they get involved in while they dissolve their capital.

 

[jack hershey]

Jack, thank you for taking questions. I would like to reference Post #139 quoted above. I have illustrated a question to attach to the post.

When using the 30m chart to determine sentiment with the price pane, what arrow do we have when it appears an FTT has occurred, and the BO of the RTL has not occurred yet but we are anticipating it?

I do not know if the answer is long, short, or both at this time.

This is an interesting time in trading.

If you follow the series of PA geometric journals, you see this is a time that is BEFOREE the BO trade type setups mentioned in those threads. For this set of practitioners they are on the sidelines usually.

At this time a retracement has ended and so has the segment traded that began after the retrace completed. It ended as the ftt came into place.

I will cover a series of "geometric cards" right after the ten cards for the "Essence" flow chart boxes. Here you will see the OOE sequence of ftt, pink, gold, doji, rtl, ltl, and fbo. You are in the area of where fbo's occur.

The ten box flow sheet (Essence) takes you into the middle of a profit segment. This is where your question arises as well.

Finally, there is the matter of trend types. you are NOT involved with the A or B types; your concern originates inthe "normal" (C) or "drift" (D) types of trends. which are the money maker types. Actually your question bears down on the timing where a C type trend can become a D type trend.

To always get the correct answer, when the pending context is as you describe, is it to keep focussed on the details.

As they say "the devil is in the details".

Use yesterday as an example. (the date is 4-10-14). c turns were worked up to and then repeated c turns occured. Then the trend type series began again and a c turn occurred and the c turn was rrepeated sveral times yet once again. we could never get to the "drift" of price rolling right along a slower fractal RTL.

In this thread we are reaching a place where the system of operation of more than just markets is coming into view.

There is a system of operation of Econometrics as well.

So now that we have reached this point where you reach a node and see three links going forward, we need to do the "knowing that you know" for the the ten cards in the essence flow chart and the parts I mentioned for the sentiment geometry of the slower locked in fractal of the 30 min chart. I posted a sereis from page 21 to 24. I will do, daily, a series for the ten boxes and a series for the sentiment. then I can refer specifically to each and every aspect by post number to answer this question you asked and other such questions.

 

[llIHeroic]

Thank you for the clarification Jack. I didn't think of Type D Trends in terms of a larger fractal RTL before.

I am looking forward to the sets for the Essence table and for determining sentiment. I'm sure many people are grateful for all of the time and effort you've put into your journal. Thanks again for all of the help you've given so many of us.

 

[jack hershey]

Hi

I am going to attach the last 16 cards I use for the boxes on the Essence flow sheet and the 30 minute geometry.

Reading from left to right this attachment contains four cards. The title is at the top and the contexts are shown as numbered brief lists.