Technical Strategy

Quote from jack hershey:

I added columns to make it easier to "see" the order of consideration for using the PV relationship.

Also I feel that some important things have fallen into the cracks as you focus on posting your logs:

Peaks in volume.

If you want to join lines, you NEED to differentiate between an AND and an OR in logic. These guys are what keeps certainty in the picture. They also, you will find, facilitate building the mind.

What I see is that you do not as yet do much differentiation and by leaving out some necessities along the way, you run a strong chance of letting some fog or fuzziness develop.

The goal here is "knowing that you know". Your chart on the X MODE for A type reversals is an AND chart of both rows for long Action and for both rows for short Action.

I think adding an O box on this chart I am responding to is necessary at each place two or more lines are merging.

When we advance to higher skill levels we are going to be having about 70 boxes of an AND or an OR nature defining the way all the degrees of freedom work.

I do want to start the beginner logging and annotating during the day in real time soon. Knocking dowm125 points as in today's price movement with real contracts tends to advance the number of contracts that can be added at the beginner level.

The tree of the sequences of the PV combos is an important graphic. By having it you can follow any day's happenings on a road map. It is great for hiking Gaussians too.
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my chart did not stick

<img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=2128409 width=800>
 

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Quote from Neoxx:

Re-do chart

<img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=2128328 width=640>
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This volume chart is repaired.

At the open you had to stay in WAIT until you got a dominant to begin. See past comments.

Why not take advantage of the comments and annotate accordingly?

Financially learning to do this is important. This was a 175 point per contract day for example.

we need to have useable charts for the future skill level changes to do drills. You are annotating on a CHANNEL level in volume at this point.

Later we will fill in the annotations for traverse level in volume and finally we will fill in the charts for tape level in volume.

If and when you start to divide the day up into portions, there will be room for such work.

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Quote from Neoxx:

If you're referring to the most recent chart, I was trying to marry up our definitions of B2R, R2B etc with the channel trendlines.
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For making money you trade on an FTT and you hold on a BO.

The FTT has a voume peak and a BO has a volume trough.

the rows that you will be starting to do will have the volume followed by the Price on a row.

At some point to make 175 points like today, you NEED to be able to fill in a log.

The important row is the one with P in the volume column and FTT in the price column. This is where you put X in the MODE column and REV in the D column. You also fill in the A column by listing the prper direction of the trade.

To begin a day you fill in W in the MODE column at the beginning. then at some early row you get a Volume symbol that is a color and you get a price symbol that says bar BO and you Put X in the MODE column and ENT in the D column and the symbol for the color in the A column.

At the end of the day on a late occurring internal bar you put the color in the volume column. in price you put INT and in MODE you put X and in the D column to put COV or EXT to end the day. In the A column you make sure you are covering by putting in the correct symbol to get out of the market for the day.

Do you understand any of this as yet?

I have to quit for the day. Time to eat.

Work as long as you have to to put up one day's annotations and a corresponding perfect log for the whole day.
 
Thanks for the comments. Just got back. 4am here and been up 22 hours now. Cogs whirring even slower. Will endeavour to post a perfect chart and log manana.
 
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