Quote from tiddlywinks:
Based on nothing but the volume of the most recent closed bar, "B" is the "most" bearish, IN MY OPINION.
"A" has the POSSIBILITY of being some sort of climax or washout. Progressive volume increase to a very high (relative) level.
"C" meets initial rules for a POSSIBLE "no supply" situation according to my spontaneous visual usage of VSA.
"B" with "average" although declining volume is the most bearish. IMO.
I spent about 10 seconds looking at all three charts once I knew what you were asking.
Trade On!
You are incorrect. Too bad.
the charts are identical, fortunately.
Only the last independent variable bar is different.
Therefore, everything to be known for making money is known.
10 to 100 milliseconds gives the separate but equal answer to each of the three cases.
In case A the short trend will continue
In case B the short trend will have two more events and turn long on the second event.
In case C the turn occurred one bar prior to the last bar and the last bar is assigned WAIT and P1 will be assigned in the future.
So lets wrap up all the threads the OP has started to deal with his Gulliver's Travels.
His macro thread on W's and M's drew a response he found "interesting". the response was off the mark when it suggest comparing a to b where there was a fractal shift. It WAS interesting and could have been VERY interesting if the response had suggested an interfractal comparison where "like link were being compared. BUT .....
the OP has come a long way in a short time. he has covered all the bases in the wrong manner. Except one.
I liked his reply where he swuggested completing a questionaire he designed to get answers in detail from an overall terrific systemmic response he recieived. He is nudging his responsibilitied by shifting them to his helpers.
so this post wraps his quest once and for all and makes him an expert trader in one fell swoop.
He sees patterns and they are macro patterns. He never looks at adjacent parts. Until this pic he posted. He gave three of the four possiblilities in his examples. C+ is a good grade for the OP.
Lets go to A+
Lets blow it wide open for PA trading.
Look at a peak, an M and a H&S.
there are three turns possible. One of them ends trends. If you have that turn you have a trend end.
A peak IS a "c" turn. The legs are both dominant legs one after another.
Look hard at the M. Look at the legs to see the turn names. they go dominant, non dominant, dominant, dominant. An M has four legs.
It also has three turns. It is a "normal" trend that ends and a new trend begins. how nice. how pleasant and how systematic.
Turn "a" to turn "b" to turn "c". We all know the "c" turn is the reversal turn for making money.
Single peak is a "c" turn. for M's the "c" turn is the last turn.
making bacon.
And now the head and shoulders. 6 legs. This is a drift trend.
as the OP told his helper: "fill in the form I gave to you so I can understand the help you are giving me."
the legs are dominant, non dominant, dominant, non dominant, dominant, dominant. Better count the terms to be sure.
Now count the turns. you see n -1 known as five.
Can you envission a H&S becoming flat and having a name (_________) Please fill in the blank for the OP.
We see the names of the turns as: "a", "b", "a", "b", AND ......"c". count and see if there are five.
This is the "drift trend" case.
everything works just fine and smoothly because of thinking only about "adjacent" parts.
All market operation is tied up with one bow. Relative DataBase Management Systems. (RDBMS).
the market opens, an entry on the open, A hold until the "c" turn where the OP reverses. He is taking profits and adding contracts with the profits. the OP is noting turns. He sees an 'a' turn and holds through it. then he sees a "b" turn and holds through it. etc...
This is tough. after each turn he has to spend time deciding if the leg is either dominant or non dominant. he doesn't do math he says. Can he see two ends of a bar? So far he cannot.
but lets say he did read the books he threw away and he does remember someone said to look at a bar you have to look at its parts. can he remember a bar has an open, high, low and a close? no not at this point.
can the OP look at a bar soon? Yes Yes Yes.
can he have enough retention to look at two bars? no, he can't.
could he step up from triple AA to the big leagues? No he can't he will train in another sport instead.
What if his children could look at two bars and tell him the RDBMS answer? he knows they can because they can see verbs and predicates. and they can add and multiply.
Can these children see two bars and say a long is HH and HL's? Can they look at two bars and say a short is LL's and LH's? In 6 months of daily looking at two bars is it possible to see long and short pairs of bars.
there are four types of trends. Two are FBO's and two are complete (normal and drifters)
A "c" to "c" is a set A FBO type.
Another FBO is the c to a to c.
Attached is yesterday all done to a "t". Two arrows jumped around.
http://www.elitetrader.com/vb/attachment.php?s=&postid=3811653
I made the "c"'s easy to find by using a thick border on the box.
I know bars are used instead of the lines the OP uses.
