To sit or not to sit...

[ocean5]

or exist?

Jack Hershey sometimes suggests to trade FTT to FTT,but sometimes the non dom retrace is 50-60% of the P1-P2 up leg,but harder to spot.So the dilemma is, to sit from FTT to FTT and exit if the retrace is more then 70-80%,or to try to spot every sub-sub,middle points down the road,what your thoughts?

 

[murray t turtle]

Quote from ocean5:

or exist?

Jack Hershey sometimes suggests to trade FTT to FTT,but sometimes the non dom retrace is 50-60% of the P1-P2 up leg,but harder to spot. So the dilemma is, to sit from FTT to FTT and exit if the retrace is more then 70-80%,or to try to spot every sub-sub,middle points down the road,what your thoughts?

=======
Ocean waves trend;
Well if i read that chart right;
its holding on thru a 50% retrace.

Yes accidently;
no i wouldnt plan on holding though a 50%. But i like longs =strongest of the strong;
shorts= the weakest of the weak

It may never get easy;
but for sure it gets easlier with 7 years + trading -investing[bull & bear trend]. Wisdom is profitable to direct.

 

[ocean5]

Thanks T,yes,hold and reverse seems easy but it's not,but it will,someday.

 

[baro-san]

Quote from ocean5:

or exist?

Jack Hershey sometimes suggests to trade FTT to FTT,but sometimes the non dom retrace is 50-60% of the P1-P2 up leg,but harder to spot.So the dilemma is, to sit from FTT to FTT and exit if the retrace is more then 70-80%,or to try to spot every sub-sub,middle points down the road,what your thoughts?

If the market has a fractal nature, your question is moot.

 

[oraclewizard77]

But when the market trends, your answer is moot.

Quote from baro-san:

If the market has a fractal nature, your question is moot.

 

[baro-san]

Quote from oraclewizard77:

But when the market trends, your answer is moot.

You can't have it both ways: either the market has a fractal structure or it doesn't, trend and no trend. If the OP decides "not to sit" and trade each leg, his problem doesn't go away because each leg has the same three move structure, and he faces the same question but one fractal faster.

 

[TIKITRADER]

Quote from baro-san:

You can't have it both ways: either the market has a fractal structure or it doesn't, trend and no trend. If the OP decides "not to sit" and trade each leg, his problem doesn't go away because each leg has the same three move structure, and he faces the same question but one fractal faster.

Yes, Jack mentions this all the time...

Fractal talk
from Jack:

______________________

Quote from jack hershey:

The part of your ATS that is plunking BUY and SELL needs improvement.

Indeed! as has been judged.

You are getting fairly close as one of your paragraphs that describes an FTT indicates.

Trending trumps the R or S values. So far you do not deal with the nesting of fractals. At the stage of dealing with nesting of fractals gets on the table and handled, then consolidation goes away. You then see there is no consoludation in markets. Convention names it and defines it BUT it is not there in the sense of extracting money from the markets using an ATS.

Trading is a timing game and the timing is certain. Price is not where timing comes from, however.

I'm glad to see you have come up with a description of the pattrn that the market makes over and over. However, your description does leave out one variable.

What if the third movement of price was "not" weak (shallow is your specific term) as you think it is. Suppose it is stong (and you prove it to yourself one way or another so you believe it) AND suppose it fails a test that is measurable. The test failure combined with the strong effort is what BEGINS the next trend.

If you used this BEGINNING point and found out that the BO of the RTL comes next on the new trend (the trend overlap ends), what would your P&L become with all that added profit. You get to add the two legs of profit right now and you have those signals already plunked in. Plunk in the end of the third leg signal and unplunk the BO of the RTL since you are already on the right side.

This keeps you in the market all three legs and you already know that is when the three legs repeat with the opposite sentiment.

Indeed! Plunk it up to full force.

 

[oraclewizard77]

Exactly, do not try and bend the trend. That's impossible. Instead... only try to realize the truth.

What truth?

There is no fractal.

Then you'll see, that it is not the trend that bends, it is only yourself.

Quote from TIKITRADER:

Yes, Jack mentions this all the time...

Fractal talk
from Jack:

______________________

 

[ocean5]

Quote from TIKITRADER:

Yes, Jack mentions this all the time...

Fractal talk
from Jack:

______________________

Can you explain in a few words what`s been written here?

 

[TIKITRADER]

Quote from ocean5:

Can you explain in a few words what`s been written here?

Yes, I was setting up a reference to what Jack posted some time ago.