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MKTr
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Everything posted by MKTr
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25 May 2010 5' ES MK
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Thank you. The volume pane is one side of PV and Price the other. Using one without the other does not make sense. I doubt anyone can trade PV without using volume. I added the plus sign to allow volume to be viewed more easily. For me, during a trading day, the volume pane is larger relative to the price pane. I post the chart as I do to provide what I think is a more complete perspetive, overall. Another reason the volume levels are so low is that I am trying to keep perspective on previous high volume days. Today, volume was not very high compaired to previous days. Most of the time I cannot trade intraday so I trade overnight. MK
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24 May 2010 5' ES, Gap Closed. New format. MK
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On weekends I do a few days of drills. It is also a chance to to review previous efforts to see how they connect into the bigger picture. Here is 28 to 30 Apr 2010 on 5' ES. BTW it is interesting to note how different the experience of drawing charts has become for me. It used to be very taxing, even stressful at times. Now I find it relaxing to the point that if I have a bad day I turn to chart drawing to relax. This is true in hindsight and in real time. I sign of progress, I hope. Thanks for all the hard work rs5. MK
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Three fractals on 5ES for 28 Apr 2010 MK
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TIKI hit the material I was referencing on the money. It is basically the binary logic used to keep you safe when market direction is in doubt (i.e. after a potential FTT until a new trend is verified). IF1 = prepare for a reverse as price passes the previous close against you. IF2 = reverse when price passes the previous bar's extreme against you. Once you execute IF2 or if you reverse/trade for some other reason ON THAT PARTICULAR BAR you then use APA. APA = reverse if price moves against your trade price. You can only do each action once per bar. If you wish, you can then also shift to a faster bar (5' to 1') after APA but only for the duration of the original bar. Then you use IF2 and APA for the remaining time of the original bar using the bars of the faster timeframe. The exception is HVS trading. You stay in the faster timeframe mode until HVS mode is done. Certainly more to talk about but this is a start. I believe it is a part of the mechanics of using the most difficult stuff (Sequences and Signs of Change). Intriguing and harder to implement that you might expect (at least for me). I would appreciate any feedback if I got this wrong. MK
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26 Apr 2010 5' ES. MK
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Thanks cnms2. I found a code error to explain the volume differences. Fixing that showed peaking volume and a new pt 1. Little things mean a lot! MK
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I am helping a few friends learn the JHM. I think "reading the thread" is right on target as the best advice. In an effort to help myself learn more I also occaissionaly write up a summary or some other exercise. Here is a hack at describing a single fractal of tape drawing with a few items I feel need emphasis. Feeback is always welcome. If I messed up something I am always willing to make a correction or would support having it deleted. Lately I have been studying Jack Hershey's material on IF1 IF2 and APA (including HVS trading). Would some of that material be appropriate here? Thanks to Spyder and the community for the thread and productive interaction. MK
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7 through 9 April 2010 5' ES. MK
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5 minute ES for 8 Mar 2010. MK
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5 minute ES for 22 Feb 2010. MK
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Thanks for all the posts and great discussion. Some of the sidebar items have been quite valuable, too. Here is my 5 minute ES work for Friday 12 Feb 2010 and my view of the daily data. MK
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This is monthly ES with gaps closed. Looks to me like we probably made a 2 point of the current up tape. Still working on getting differentiated with lateral formations. Thanks for the discussion. MKTr
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Reattack on Spyder’s Lateral Formation Drill from 21 Dec 2009 How are the three lateral formations the same? They all begin with a SYM that is followed by a failure to break out of the SYM (first attempt). The failure to break out occurs only once in each case. How are they different? After the SYM forms the important way they are different appears to be what happens when price tests the boundaries of the Lateral Formation: Lat form #1: After the SYM forms, price tests a low but fails to break out. This test is done via a spike bar that would be identifiable as a sign for change (to long translation). Lat form #2: After the SYM forms, price tests a low but fails to break out. This test is done via a spike bar that would be identifiable as a sign for change (to long translation). Lat form #3: Price forms a SYM with an outside bar. The low of the formations first bar indicates a clear turning point for price. After the SYM forms, price tests the high but fails to break out. This test is NOT done via an identifiable signal for change back to short translation so the attempt to break out is still alive. Lesson learned (I think): Consistent with the theme of the thread we look for signs for change but only via proper context and with respect to sequence. The context, in this case, is the high and low boundary of the Lateral Formation. MKTr PS Thanks for all the discussion on the Lat Form drill. Also, thanks to rs5 for all the charts.
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Happy New Year! I wrote a TS paintbar study to remove gaps. Wow. Unless I am missing something, the daily data looks profoundly different with gaps removed. If I did this correctly, it would be challenging, if not impossible, to accurately analyze daily data without gap removal. MK
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Response to Spyder's Drill on Lat Form Differentiation: 1. Keeping it simple: the Lateral Formations are differentiated according to where they form with regard to the PV sequence. 2. Differences: a. Lat #1: Bar #1 formed pt2. At bar #3 we had pt2 needing pt3. b. Lat #2: Formed after pt3 and completed the sequence. c. Lat #3: Bar #1 formed pt3 and we completed the L1 sequence. 3. Information (what to anticipate): a. Lat #1: Anticipate a BO up to form a pt3 and complete the sequence. b. Lat #2: Consider the Lat as potential Signal for Change c. Lat #3: Potential SFC on L1 but would also have to complete the L2. Since we didn’t have a L2 pt3, we would anticipate that the Lat would provide the L2 pt3 (i.e. BO up). 4. What Did Come Next: a. Lat #1: BO up. b. Lat #2: SFC occurred, taped ended, Lat contained pt1 of new tape. c. Lat #3: BO up providing L2 pt3. 5. What I learned: I had been attempting to view Lateral Formations with regard to the first bar that forms them. I believe I now see them (but need more observation) more accurately (better differentiated) as a sideways (with subtle but key vertical pieces) component to sequence completion - more wholistic. MKTr MKTr response to Spyder Drill on Lat Forms.doc
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SK0, It is my understanding that a L2 B2B consists of a single L1 b2b2r2b. Think of the B2B as a single leg not two. MK
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My work for 21 Dec 2009. Lots of small tapes. I am wondering if I was guilty of fractal jumping or if the volume was just low enough to cause tapes that looked this way. Feedback is always welcome. Merry Christmas. MK
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SK0, Thanks for the feedback. Yes, I messed up the phase of the price/volume sine waves. I fixed that. I stand by the faster fractal under B2B. Keep in mind it is just an example. I am sure there areas for improvement that remain. Here is the corrected presentation. Please disregard the previous. The original .png sample drawing reamins good. (as good as I can produce) MK JHM Basics Review by MKTr vers1.1.doc
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Greetings, In an effort to contribute to the JHM community as so many others have, I have put together a summarry of the material I found most helpful since I started reading this thread. I may have made errors in the presentation or even still have errors in my understanding of some of the concepts, so view critically. In either case, your feedback is welcome. Please remember that this my humble attempt to present material I am still learning. The words are mine and not Jack's or Spyder's. Hopefully I am helping and not hurting. The presentation was built in PowerPoint and exported as a Word document. If another form is desireable, let me know. I also included the original .png of the screen capture I used as an example. Good learning. MK JHM Basics Review by MKTr vers1.doc
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My work for 8 Dec 2009. Note: I made today waaaaaay tougher than it needed to be. Today would have been fine using end of bar data, waiting PATIENTLY for sequence completion and then 1 or 2 signals for change. Lesson learned, again. Feedback is always welcome. Happy Holidays. MK
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Tams, Here is some feedback: Thanks!!! 2 possible improvements: 1. Should start drawing at close of 3rd bar. 2. Should be recursive since some laterals form inside laterals. Also, any possibility that you have written a "2 pair" indicator? The TS range chart isn't very good. Let me know if you want info on "2 pairs" (JHM version of a tick chart). BTW it is in the threads. THanks again Let me know if I can help. MK
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My chart for 7 Dec 09. Feedback is always welcome. MK
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My work today - 30 Nov 2009. When the pace slowed the tapes became more subtle. I second guessed myself a bunch and started to lose my focus. I did not give this chart a post flight scrub so it may have a few wierd things in it. Thank you Tams for the apps. Thanks to several of you regarding gaps. MK