Quote from Bearbelly:
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<img src="http://www.elitetrader.com/vb/attachment.php?s=&postid=1324279">
Of course it is not always that clear but many times it is.
The charts you are posting are very helpful.
Thank you.
January is the month that we are devoting to the P and V of ES to get straight the P, V relationship.
By having this down cold, As MAK says by slicing and dicing, we get to be in the groove and very comfortable.
To do the job we are annotating both price and volume and drilling this way day after day.
We see from annotations, a product of our work. We see FTT's on every channel (traverse) level.
We see that trends are in channels and channels end with FTT's.
We see that channels overlap.
We see that subsequent to and FTT there is a BO and that is followed by and FBO.
Now for the volume aspects.
The P, V relation is clear able the two variables.
In Boolean algebra, the algebra of logic, that deals with two conditions, we have a simple and comanding elegance that affords clarity to our mind's efforts.
If.....then.....
Two thens: continue and change.
Channels represent continue
For now, FTT's represent change.
We are spending January on ES 5 minute bars, building an invincable understanding (knowledge) of the fundamental relationship of P and V and we use a vehicle called a chart to do this.
Annotating gives us a skill that is relateable to our knowledge.
We are continually occupied it turns out.
This comes to us as a necessity.
We are discovering that we, as traders, are participants in a thrilling partnership that sends chills down our spines.
We join.
We are so involved with the understanding of the P, V relationship that we can judge how valuable our annotations are for maintaining and understanding of what is going on.
Amost unknown to us moment by moment, we are building and being able to see more and more of what is going on and what the market is all about.
It is like the three thickness membrane of a cell that has protusions of two classes of proteins through the triple walls, that allow the cell to appreciate his environment by "sensing" the environment and allowing one set protien segments to coil or uncoil so that the other set of proteins can ionize the near environment as enablers of actions for living. 50% of our body energy is devoted to this as we all know.
We are using our beliefs to behave. We know how to annotate, now. We annotate price and volume and the relationship is depicted on our charts.
Over 5 minutes for each bar we see the life of the market unfold and in the environment of the market that is relevant.
We see this relevance by the relative comparison of two bars in volume and two bars in price.
The PRV of volume speaks every moment. These compilations of parts lead to a whole 5 minute bar and it is in comparison to the nearest recent fully formed volume bar.
We know how the price is behaving in response (if...then...) to the PRV of the volume compared to the prior bar.
There is no debate about volume. The living nature of the market is simply its psychological behavior and value as displayed by the intimate and holtistic nature of the price volume relationship. The mind and body of the market is on display, intimately.
This chart is salient and essential. The sequence of the life of the market is there to see and become part of.
Dominance and retrace harmonize over time. You see the breathing of the market as it is energized and then rests. The market moves on the energy within it.
The market serves us it works for us as if we ride horseback to the destination that has been chosen.
In January we learn to ride the horse bar by bar. We learn to breath with the market.
Volume and price are what we sense, continually as we ride more and more proficiently.
This forum coaches externally. You get practice here in riding and knowing the horse you ride. He is price and volume, dynamic, energized, living and transporting you.
Get the saddle from the tack room be sure you take care of the saddle and feed the horse.
Put on the saddle and reins when it is time to ride. Attend to price and volume and look at what is going on to get to where you are going.
Mount.
Sit astride this thoroughbreed you have found and have been given for your use.
Make it your and make it work for you to take you to your goals.
The market is whole, living and dynamic, filled with energy and fed well.
When you look at the market you look at the whole market. You see it formation, its health, its coat, its sheen, its bearing, and its capability.
You see it all like its owner and you care about all of it.
When you look in its eyes you see and know it lives for you and you protect it and savor each ride and memory of how it gives you life and supports your well being.
I always loved looking across Washington Valley in Morris county, to see the pinks and hounds in the fields. I loved the Maryland Cup in the Spring and the mint in the juleps. And it is the same as the market everyday in companionbship with a beast that is benevolent and endearing and supportive of all of your dreams and goals.
Let it ride.
All we are asking in January is that you know your mount, respect and care for your mount; understand your mount.
Annotate and log fully, carefully and caringly.
Let the future annotations come into the presentride the bar with PRV, see the hills and valleys; smell the market and live it.
It goes unsaid above...do not fight it any longer than you need to; at some point commit to riding the horse as the surveyor of your kingdom...it is yours for the taking.....
I want to write for you to be what you can be.....
