The bottom
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This is a very brief occurance in trading.
I tagged this event sequence as Pre-Preliminary (PP's).
For PP1 is three bars minimum (could be more) , all P1's AND the P1's on a RDBMS basis, are accelerating.
In a simalar fashiion, the same may be said for 3 P2's and 3 T2P's, respectively called PP1 a and PP1 c
Moreover, for any 3 troughs there appear PP6 and PP6 a, respectively ofr T1's and T2F's.
When half of the possible OB's (which have 2 points each) occur there ae three more PP's. they have a common charcteristic in that peaks occur first and are followed by the NEXT OOE in that fractal. I call them PP4, PP5 and PP5a, respectively in the OOE of peaks.
Another triad of combos appears on the same basis of "earliness" in trends.
Finally, there are two other deducable PP's related to transitions of elements in different categories.
This accounts for 14 of the "earliest" of the 35 EE's in trading "the Pattern" from the PEP.
As I have suggested, trends overlap. It is a time of much confusion for the herd, the CW and the quant world as represented by most (nd non performing) H and M funds.
One of the neat things is that this period of premature, freezing, ignorance or mistakeness all adds up to collective human behavior. How human behavior, collectively, demonstrates the rigorous certainty of deduction using the Scientific Method is difficult to transfer from one person to another. Unfortunately a lot of infmous people hve it wrong and they do not know it as yet.
If and when I detect it is not possible, I do keep trying since I believe in human nature and rationality. a person's character is a result of many complex things. Self-abuse wrecks mostly everything, however.
The sequence is shown in "The Pattern".
Post a hand drawn one or post the more precise draughted one.
There are all kinds of Sciences.
the markets have a characteristic that, in most cases, takes people out of heir comfort zone.
The characterisitc in markets that is so singular and forceful is unknown to you.
BUT it is known to me and like an elephant in the room.
Pehaps you know how black holes are monitored and evaluated. It took a while for those in the trenches to catch on to the monitoring and evaluating.
Sceptics and even dummies are important to watch. Books for Dummies is a recent occurance.
Even though some people say ignance is no excuse; in your case you prove it is an excuse. We all thank you. Stay tombed.
Quote from smaranam:
35 EE...it reminded me,when I recently spoke to a senior trader at a large FX brokerage,when were discussing TA(I,mostly,was listening).One of his ardent beliefs was,the situation when the price touches the RTL in third time.It is when the trend ends,according to him!I was shocked, actually..The guy who runs OPM...same shit with most of the Hershey stuff..
LOL.......
The BO of the RTL is more or less widely known.
Touching the RTL in third time is called "A waltzing BO". It is part of the Austrian Economic theory.
Saying you were shocked is like saying nothing can shock you because you are so insulated from reality. we believe you.......it also illustrates you can bullshit about "listening".
OT is incorrect about the av bull.
In one case; not in 34 others.
JH. can you explain the intermodular effects of the first sigma transfer on a transzoidal sinus parabolic 5th wave move? i believe that's what caused the '87 crash.
btw do you sit down when you pee??
btw do you sit down when you pee??
Little known is that JH designed transmissions...
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My questions in green.
Quote from jack hershey:
the volume 8 cases are:
P1, T1, P2, T2P, T2F, NOT T2P, NOT T2P, and P3F
I see 7 here. Could you describe briefly what each of them means?
For volume cases, do you compare a volume bar to its prior volume bar? What are your criterion? I can't say that I have a pt 1 on this price bar and thus the volume bar case associated with this price bar is P1. By doing so, I would be wrongfully adding price as a leading factor in defining volume cases. Right?
The End Effect, I annotate at all times is P3P as a class; to be clear about an End Effect precisely, I go further and use subsets.
Is P3P another volume case?
In the volume 8 cases you see a two letter and a three letter diffrentiation.
I see some cases are one letter one number, two letters one number, and two letters one number and a NOT.
I use two letters in the trading fractal. When I get to the last price move (move 3), I letter according to the subfractal of the move 3. There you see 4 more cases. So this means there are four trading fractal cases and 4 sub fractal cases. this is a consistency. The common element is T2P. It would be T2 for the trading frctal, but I use T2P instead because it keeps me alert and on the ball.
as you see the is the lst peak of the trend. It is P3P (35 diffrentiable elements), BUT the P3P can also be a failure to end the trend. I name this P3F once I learned that every bar has to have a name.
???
daring has cited an authority who wrote a book that he believes is a good book. Anyone who chooses can write. Anyone who chooses can read. this is a proof of two wrongs do not make a write.
you're citing moves. 2 is to in your citation. I am citing cases which are names of elements in sequence. We are both wrote.
Hope I have helped to bridge both of you.
Since so many of you are buying dreams (specifically jack's) let me tell you about my one I had this morning. It's the first trading related dream I've ever had with clear numbers.
It was a pretty old and messy building with some very tidy offices in it. I overheard some of the traders I work with telling their supervisor about positions in AMGN and how they're long. These people were totally made up, no idea who they are. Short hair, a bit of facial hair... Anyway, I told one of them "I overheard about your little game. I have some room in my folio so I just got filled on AMGN at 35.20 so let's see where this goes. hehe" They were loosing on their longs so far, so 35.20 was a price improvement for me and I felt good. Obviously AMGN is nowhere near 35.20 in reality so it's probably never going to happen. There's my dream in case it turns into a prophecy, it would be good to know. Still better trading advice than listening to jakco here, I see his quotes all over the page.
It was a pretty old and messy building with some very tidy offices in it. I overheard some of the traders I work with telling their supervisor about positions in AMGN and how they're long. These people were totally made up, no idea who they are. Short hair, a bit of facial hair... Anyway, I told one of them "I overheard about your little game. I have some room in my folio so I just got filled on AMGN at 35.20 so let's see where this goes. hehe" They were loosing on their longs so far, so 35.20 was a price improvement for me and I felt good. Obviously AMGN is nowhere near 35.20 in reality so it's probably never going to happen. There's my dream in case it turns into a prophecy, it would be good to know. Still better trading advice than listening to jakco here, I see his quotes all over the page.