Quote from Grob109:
We all see that you have the hold and reverse down meaning that back-to-back means three actions constitute two profit takings.
For an 81 bar market I usually am running at 20 to 40 actions.
200 is your round number and take my high value of 40.
I shoot for 3X (H-L) and you are grossing 4 and netting 2.
Both of these records are comparable. Further I do show 1/3 of my profit takings as either washes or 1 tick gains. I avoid the 1 tick losses by being risk adverse.
I am on the five minute chart.... I guess you aren't...lol...
So If you aren't and you switch, guess what? By doing just what you do on the 1 min on the 5, I think the 200 will become 40 and the 38 - x =19 will cause the 38 to hang up there and x will diminish. You will be at a little less than 30. I think the washes will drop fromm 66 to under 10 as well. Dividing by 5 gives you 13.
Sideline part way through convergence and do the BO in the pm by doing a two to three action entry to pick the side of the first trending run up. You can grab a tick or two and go the other way or you can grab a tick or two and grab another best position few ticks and act to go with the original direction. What it means is this: you are very anticipatory and do in fact front- run the smart money and you see several of the principal strategies rolling on the DOM (work harder on the DOM and only look at it after your have swept the pro-rata volume and to discern one of >, < , or same. The five min check points on volume are 0.5 (10%), 1 min (20%), 2min (40%), 2.5 min (halfway), 4 min (80% and you relax on extra time), and start over. dicserning volume and then doing the check out on DOM keeps you oriented to the dominant strategy that is coming into the market as new owners who faked out old less clever owners leaving at the wrong time.
The switch is going to take a week plus maybe. You will get tense slowing down and revert for safety and survival comfort at first.
The gross shows clearly that you are underdamped as I mentioned. Running at 4X of H-L gross is very superior. We are NOT talking in any way about drawdown possibilities. They are going off the table more and more. To front run best you do it just in time and not with a too soon sloppiness.
In those cases where consecutive actions are actually two part of a reversal in effect, that is you exit to take profits and reenter to go the other way, the game is to reduce actions (lower the count) by slowing the exit and accelerating the rentry to strike a best gross and longer next hold. A win win type of improvement.
So the subject is harmonics. Are your end effects odd (triangular) or even (boxy) in character. respectively you do the 2 pair for odd peaky endings and you handle the other as a stall just in time(see the dissolve on a steady two pair and concurrently the x2x on the volume.
So everthing gives you more time to do what? Sweep and analyze. Do two sweeps and one analysis. This is a slight slowing for you. And you get some chances to see "What wasn't that?" a little better.
Have a longer lunch on the sidelines when the signal to noise ratio is way up there on less than market sustaining volume. It just happens and there is no game in town when it does.
