Quote from bmwhendrix:
Jack, Thank you for taking the time to further annotate the chart. What is missing however is how an after the fact analysis would have translated into real time trading.
Please take just a second to add entry and exit markers, so that I may better appreciate what the analysis could mean to my bottom line.
Thanks in advance!
I do not operate after the fact. I assume you do not either.
I use The Pattern. As you see The Pattern has 8 scores. It is counting in reverse. Can anyone possibly think that during a cycle a person would not know what the score is?
Check the PVT one pagers and see the normalized "unusual volume". Notice that volume leads price by about an hour and one half for stock trading. This window BEFORE price begins to lift off is a very real advantage. It is what the SEC continually mis takes as my "insider trading" We have reached an agreement. The SEC watches and just refrains from mistakenly citing me anymore. It saves them time and money.
If you look and understand that I reverse on an fft of a fast fractal which is also an FTT of the trading fractal, you may be able to understand I annotate point 2 when it occurs as I am holding making money. I hold through the retrace of going from point 2 to point 3. At each point mentioned on the fast fractal an ftt occurs.
As a person becomes very skilled he switches to faster fractals. this is 20 to 40 trades a day.
I log all of this so I have a detailed record of "knowing the I know"
I you will begin to imagine, you will understand that I am annotaing the poiint 1, 2 and 3 on the fast fractal. As has been done for you by others to explain this to you, you can see if you go through the motions, that everything is done BEFORE THE FACT.
AS BOTH THE FAST FRACTAL AND THE TRADING FRACTALS (AFTER POINT 3) APPRAOCH THEIR FRSPECTIVE ftt's AND FTT'S, i HAVE ONE OR TWO FIVEMINUTE BARS TO EXAMINE THE REACHING OF THE COMPOUND PEAK ON THE FTT.
This is like before the fact slow motion and it is all annotade and a FAILURE TO TRAVERSE IS HAPPENING ON BOTH FRACTALS.
My caps here are just for emphasis. I am an older person who has had the holy grail for over 50 years.
You are just, perhaps, a younger person who has not met any really great expert traders. Most of us are not avoiding you; it is just that our paths are very different than yours and do not cross.
I can't wear a badge at TradersExpo and they have my name spelled wrong as well. My address is always wrong on ET as well.
Try very hard to reason through how annotation works. You may be annotating after the fact. PEP and its applications are not done after the fact. A while back I post a bar by bar of 15 and 30 consecutive illustrated post. I also did that on the web before ET was invented. I also used the hand out 4 emails daily were each email began with seven sets of addresses. On five waves of these, they were passed forward by others.
Years before ET where small and square disks were used, he handed out PVT ATS and it trading results all over the webb.
Newbies like bow wow didn't even own computers then.
As I joke, I started trading before arcane did.
It was done by telephone.
