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emac
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Hi patrader, Are you referring to the same chart in gucci's #2718 post ? If so, bar 58, which should be at 2:20 pm (EST) - it is showing dbv and not bo of the dark blue channel. So I am not sure which chart are you referring to or the time on the chart is not on EST ? TQ.
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From what I understand now, an FTT is a failure to traverse to the LTL and it must happen on a dominant move. So conversely, if it hit the LTL, then it can't be an FTT. A VE can be different in that what appears to end might already have a lower fractal m1 m2 move for the ftt to occur within the 5 min bar (credit to EZ). According to Jack, an FTT must occur on a dominant traverse. I would understand that to be when looking for an FTT on the tape fractal, I would need to see a dominant bar in this case. I can't say if that is always the case but right now, this is what I look for prior to any FTT. emac
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I would have drawn the gaussians slightly different. B2B would end at bar 12:10 with nested fractal completing a faster fractal b2b2r2b. Since LTL was reached, no FTT yet so wmcn is new point 3. I would have looked at it according to Corey's standpoint that in real time, I wouldn't know before 12:10 would there be a new point 3 until LTL is reached at end of the 12:10 bar. If I am wrong in not knowing there would be a new point 3 prior to end of the said bar, that would mean I miss another fundamental step in my observations. Another challenge would be to anticipate there is yet another faster fractal to complete first for the 2R non-dom retrace (to get to pink pt 3) before heading to FTT. During live session, might not be easy to see and hold through the 12:25-12:30 decreasing black bars if one is not clear in the head of the sequence of events. During 12:35 red intrabar , prv might be showing high increasing red vol indicating that potential BO of RTL in real time. I guess if one is to say that there would be not be an RTL BO since no FTT can occur without a dominant black move first which didn't occur yet at that time and not until bar 12:40 increase black dominant bar and then FTT at 12:45. emac
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Hi gucci, If this is referring to bar 70, then I do see a black dominant bar on the volume in ftt occured. Now there was no VE either on that traverse up to indicate a new point 3. Comparing bar 70 and bar 75, I see both showed dominant volume bar. Perhaps my definition or understanding of how a dominant bar should look like (increasing black in the dominant direction of the current sentiment which was black), then I fail to see why bar 70 does not have a dominant volume bar. Can you further point me to where I fail to see the difference ? TQ.
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Vienna, I can understand and appreciate the frustrations of a student or someone new trying to learn especially through forum threads. I know how you felt and feel the same many times before. I believe there have been others as well. If I am not wrong, one example, I quote is Gucci who apparently had "get it" after going through the same, maybe longer. Believe me I had the same issues in studying the JH method. But what I found was that those who offer to help are sincere and trying their best. I found that the process was done in a way for us to discover the way to read the markets, rather than to point and show us that is so, as many would have love it to, as would me LOL. But the market does not appear as simple as 4 vol moves and 3 price moves to us newbies, or at least to those untrained to see it so. Hence, I think IMHO, we need to go through the drills and screen time to be able to correctly annotate it and see the market in its fractals. It might not be a short journey and its also has been many months for me. I appreciate those who took their time to post the questions like yourself and many others some of whom are no longer active, because it is through these questions, that we the more quieter or busier ones can learn; when we have the time to. Many times when I do not understand something, I would move on till later someone else posted a more correct question and the answer comes along as sometimes, I would find myself in a situation of not knowing how to ask . I can imagine what went through those who untiredly continued to answer questions upon questions (and mostly the same ones!) over the months if not years (cnms2, gucci, corey, tikitrader, spyder, etc, etc). I can see they too had to continue to post charts and edit charts posted in order to help in the best way they can. I hope you do not take offense of my comments. I can see you are also sincere in learning. I am still very much in the process of learning too but if you like to perhaps share thoughts and to help each other along, you are welcome to PM me. Have a good day, emac
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My attempt to annotate yesterday, which appears to me an elongated pt 3 move after the news. One which from the gaussians shows it is yet in the last leg up of a fanned the channel. I think Monday will confirm that observation of WMCN. I might have made a couple of mistakes in the lower fractal annotations which is not surprising with the slow pace in afternoon session.
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Perhaps that is what cnms2 meant ?
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In other words, based on gaussians being decreasing, the pink retracement sequence completed at 11:00 and it is not a R2R of a higher fractal as earlier indicated by jbb's chart. And the reason it is not a R2R is we have a pt 2 formed at 9:45 that broke the earlier green RTL. Correspondingly, no R2R is possible since there is no higher fractal RTL on the chart (which means what is occuring at that point of time must be still within a yet higher container or fractal).
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Gucci, Friday 21st Jan had a move similar to your fractal drill last Nov. It is not exactly the same but had the elements of an R2R being ended at bar 29 instead of bars 12, 18 or 22 although at first look, each of them had the elements of ending the R2R i.e. return to dominance with increasing red bar after a black decreasing volume retracement. All 3 had a common factor that the decreasing black volume retracements had no visible proper 1-2-3 move on 5m chart. In your drill, if I understood correctly, the R2R was created via faster fractal move hence the next dominant 2R move would anticipate a similar faster fractal which explained the point 3 later at 10:55 in that chart snippet. On last Friday's chart, an R2R was created and broke the black rtl and a point 2 formed on bar 12 outside the rtl. On Friday's chart, using a faster fractal move, what is the process of differentiation to allow me to correctly annotate each 2R move such that I will arrive at the final R2R bar 29 ? Using the same logic, I would have my first R2R ending at bar 18, then with another 1-2-3 move to end the next dominant move at bar 29 but the market has proven otherwise to end at 40. TQ emac
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Not familiar with the finer ES tool, looking at the YM, yes, it is there. Thank you ! :thumbs up:
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My view of the day, corrected after RTH in pink and grey to see the turns and forks better. Still many errors and I will need to do a detailed differentiation on the turns and forks. I have a question - in order to stay in the same fractals, is there a way or particular thing to keep in mind at all times e.g. 1. I originally annotated that the 2R retracement (bar 21 to 32) ended on bar 32 but reviewed later to see that it should end at bar 26 2. bar 61 to 65 revealed a faster fractal gaussians, at that point in time, my mind was telling me my B2B from bar 56 to 60 MIGHT be a 2B retracement being completed , and the final 2R move is on the way with a BO r2r bar 65. The only signal I see was volume was low. So in order not to jump a fractal and maintain the outlook that bars 61 to 65 is but a faster fractal, what must one do when monitoring the volume and gaussian pane ? TQIA
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OK, thanks . Relooking at the 2b again, bar 11-12 was a stitch long creating a possible b2b with the increase in black volume. If that was the case, then bar 13 should be point 2 to 3 with decreasing red. Instead bar 13 had increasing red indicating that a change in dominance had occurred and the sequence is not completed yet. The 2B from bar 21 is full sequence non-dominant move from bar 21 to 27 with a decreasing volume to create Point 3. Bar 28 confirms WMCN with Point 3 move. Am I close ?
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Can it be that the 2b after bar 10 occured in a Lateral Movement, in which bar 10 in itself is also a non dominant bar. Hence the sequence has not completed by bar 10. By contrast, the 2B after bar 21 occured after dominance has returned at bar 20 (am I correct to observe so on this bar 20?) in which the sequence has completed. This is the code I have to date. I notice it doesn't draw the LM correctly as per my understanding. If you can kindly point out where I can locate the newer code, that would be very helpful. Thanks for the pointer.
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My view of the day. The R2R ended at bar 21 on my chart, although I had mistakenly taken it to be at bar 10 earlier , only to see the market prove me wrong. So I do not know the reason why as yet why the sequence has not complete at bar 10. The market showed on debrief that a r2r2b2r faster fractal traverse was in place that ended at bar 10. Then 2B and 2R to complete first move down to bar 21. I see the gaussians, but I do not fully understand or comprehend what they tell me. Would appreciate if someone point the way how to better recognize these road signs as they appear ? In order words, the market must leave clues to tell me that it has not reach completion. I know there is a missing link. TQ
