Quote from frenchfry:
What are "Lui's band flow charts"? Would you mind showing an example?
draw one yourself.
Put A p1 in the upper left.
move over a bar or two an put a T1 in the lower left.
You have band A
all other bands are related.
Put P2 in side the band on one sheet.
Do another sheet with P2 outside the A band.
A band is the first zone* of a trend. that is it contains the first of three legs (the sub fractals) of the trend
B band is the second move of the trend. The peak of the leg is P2; the trough is T2 (P). For short (meaning with brevity) this is T2P
You may have missed it but there is a chart called "The Pattern"
In a trend the first two legs are a dominat one and a non dominant one.
as you know the CW types are sidelined for this (the above words) and just frightened following their last experience.
as you do not remember, we sharpen our witts to do the last leg. Why? Weel we are "looking for" What? The end of the trend.
So repeat as Luis did the above stuff for the last leg.
Think of the band name for this band.
If you can scan and post your drawing, show it to the world. This band comes up after 38 pieces of the 56 have been put on the flow chart.
the bands are named after the letters of the alphabet A through K except for PP whose 10 most common elements I have just posted once again.
there are two themes here:
Atticus is repeating unsuccessfully his quest for finding out what "unbelievable" trading is. But he cannot do it since his mind canot go through an irreversable process.
You are asking me to prevent you from doing work. I would rather you do follow the path of others who have gone before you. I just give you the method since you lack perception. you get perception from working on a piece of paper. No one in ET can scan and post.
you may not grasp what I am asking you to do as a drill. So go ahead and do failure to learn. this is a thee step process. Waiting to do work is not a step. you make a mess, you fail, you correct the mess and get it right.
* There are books about zones. These zones are btting and hoping zones. they allow people to bullshit themsleves mentally to build records on the way out of trading careers.
my zones are what Braithwaite calls information bandwidth. tends fail one way or another. leaving the information band of that pair of events is the most common.