Quote from frenchfry:
Bar 32... this seems to be the 8th bar of a lateral that started on bar 25. Bar 33 is still within the shadows of bar 25 but you don't seem to consider it anymore. Now I can see two possible reasons: a) You simply say lat 8 is the maximum. After that you need to go back to the start of the lateral and analyze a subfractal. b) Bar 33 was a P1.
here is the practice I have mentioned to you:
The lateral begins as a three bar form. On charts, the first two bars have boxes that are filled with colors that represent the price internal case.
If the second bar of such an internal is larger than the first in volume, the second bar is measured.
the completion of a seven bar lateral causes a check to be made on the sub fractal of the lateral. The express purpose is to be sure that the sentiment principle is being handled at all times. Money cannot be made in laterals; that is why they exist.
On this example you present, there is a condition that follows the "second bar of the internal volume test" for lateral bars. Before lat7 and including lat7, a volume greater than bar 1 of the lateral is compared in real time to subsequent bars. Here in your example, the pay off is bar 30, which is lat6. This End Effect may be known to you by now.
At this measurement of volume, the reversal is short to long.
As the blue zone goes on the chart (at end of lat7), the subfractal comes under consideration.
By lat8, you are measuring each and very bar. This makes bar 32 a P1 of a long trend by assignment.
Ordinarily a 9 appears above the bar 33 and a lack of numerals above following bars after lat11 indicates a lat BO. On the chart you have BO's that would have been shown in place of lat4, lat5 and lat6 as filled in circles or triangles of certain colors.
In effect this automates the "permission" to test volume completely. The "U's" are helpers in this respect. I haven't cleaned up the details on getting rid of somethings that still show because I "crash" TN by exceding its capacity. I only venture to add more by keeping stuff at a minimum and saving templates with each addition.
Bar 38 is an accelerated third P1, so this End Effect causes a reversal from long to short at that bar. Since you know the test on that bar from its beginning, you carve the turn based upon the "certainty" at the time the certainty occurs.
The next reversal is on bar 43 (short to long).
Trading SCT is done in a noiseless, flawless, non-anomaly context. These last three reversals represent 12 points per contract over 90 minutes or 1 1/2 times the opening range of the day.
thanks for posting.