I'm somewhat new to JH method.Currently i've a few basic queries :
(1)I read somewhere in ET Forum,where jack says:Both retrace n reversal occur with declining volume n BO of rtl occurs on low volume(middle part of b2b or r2r).Is it true in all context(Tape,traverse,channel)?
At other places some including spyder tells BO to be meaningful ,should occur on high volume .
(2)Again jack says : ftt or FTT doesn't occur in VE LTL.
Is it true even when a translation bar occurs on VE?
(3)Say-A tape ftt doesn't occur but a traverse or channel FTT occur.In this case do we have to reverse if dom volume is still showing an increasing tendency.
(4)Jack says : Internals(ftp,fbp,sym etc) do not indicate change mode.
suppose i'm trading at tape level,what would be best strategies in two scenarios - when we encounter an internal which occur on a relatively low n high volume(indicated byl PRV)
(5)Can SCT rules be applied on higher time frame(15/60/daily) for positional commodity trading,if i am unable to trade stocks using JH Equity method.
I currently trade crude oil on indian commodity market(MCX).I can use only few basic tools (price,volume,trendline,PRV) .Is it possible to trade JH method successfully at intermediate/expert level with these basic tools?
Thanks n regards
Ravi