Pattern's Chemo-Electric Trading Journal

(continued)

see last post for notes...

minor gf, included with post 2 chart 4 and on





END OF SERIES OF GANN FANS



Preliminary results (It's a study.)


This 'method' includes

1. line pattern type 4, which is 2-4 copies of a complex pattern and a line drawn from only one of somewhere between the low, mid-, or high point of each copy, the lines then bunched together to cross over at a point within an area that serves as a middle spot for all three copies of the pattern, thus projecting after this crossover point some lines that PA more or less reacts to;
2. a natural-GF set of straight micro-trends -- each of which is an unusually clear angle, which is midlined and a TL drawn from each midpoint to cross over at the same average area and spot to project, from that crossover point, lines at least somewhat valid for PA to interact with;
3. a GF drawn to represent PA well, especially a set of straight micro-trends, when the GF's point of origin is the result of a crossover of two lines drawn through and projected from two earlier straight micro-trends;
4. a GF drawn from the approximately 90-degree crossover point of one s m-t line and the midpoint of the crossover between two smt lines on the other side of the 90 degrees;
5. a GF drawn from two smt lines that are especially straight vs. other lines that are close and somewhat straight;
6. one especially big smt and the line running exactly through and projecting from it;
7. and so on.

points to consider when using this method

The reliability of each line drawn for PA to react to -- versus the many lines drawn to set up where these lines originate from -- can be from a limited possibility of momentum through, opposing-angle area (see post 339), interaction of several, or midlined around smt-set lines, so that the line is still reasonably valid.
A 'bigger' or more important or higher-ranking GF is one that is from smt's that align a larger area with how they are juxtaposed with each other. Often, a lower-ranking GF will appear from a single smt or within a close-set pattern that refers more to the vertical than the horizontal.
That there is a disparity of coverage when one draws in the smt lines, points to the greater need for ranking ability with fewer candles and for consistency of choice of small area to draw from, with more candles. Allow type of response to each smt-area line (set) within this disparity, such as excessive midlines around the line.
Because of ranking, gunning a trade for a single line is often unacceptable; I may have missed a more important set of smt-based lines, or otherwise misread the used smt-based lines' development in interaction with PA. With inconsistency of thought comes greater risk. SL's are more readily available; I've had 90+ - pip SL's in the development stage of simulators in order to find a chart study method, and can foresee much smaller SL's due to this method's ability to rank due to smt direction and other as-yet unintercorrelated factors. TP's have increased dramatically, from my former 20-30 with rare number of pips above this, to a regular 60+ clip. Inter - smt set consideration would increase this amount.
Sometimes I've simply positioned a GF's anchor point in the middle of nowhere, paying attention to where its GF lines exactly fit a multitude of smt's. This way can get confusing amongst several choices for the potential GF of PA areas to intersect, and is a disservice to the precise interaction of TL's drawn doing one drawing approach similar to those on the list.
Also note the inherent weakness of MT4's GF's to jump on MT4 whenever rise or run is adjusted automatically by the program or when the user manually adjusts one or the other. I just don't adjust, using the arrow keys to move the chart to another position to view on the screen; or, and much less often, I replace a GF's useful lines each with trendlines.
Contiguous data is necessary for this method's lines to make sense. This is versus a horizontal s/r lines, pivot or other method, where data may be skipped. I make this inclusion in the method's notes because some brokers (MBT, for example) skip data on occasion.
A bonus of this method is it's very exact and its lines rank well with each other and position to be effective in often a large amount of chart space; a drawdown, so to speak, is that it's still very much a discretionary method, especially given any number of smt sets PA offers may explain the next move of PA relatively well.
The method was developed on the 1' time frame of the GBPUSD symbol, and untested on the chart of other TF's or symbols. My suspicion, after both little and lots of data used of said TF/symbol, is it'll fair reasonably well for other TF's and symbols.

Here's another example of the method, this one taken from more recent candles of the same symbol and time frame.

It uses a pair of smt's that are perpendicular to each other, and thus takes the midpoints of each smt to combine them to make lines, in this case a simple TL drawn from one to the next smt and combined with a TL drawn from the more horizontal of the pair of smt's;

an opposing-angles area, where PA lifts off in momentum from one line to create a new area, and a GF from that point of lift off with its anchor line running through the middle of that small lift-off area;

two vertical smt's, one much smaller than the other, with midlines drawn through them and a single TL drawn between the two midlines' midpoints, which is used to adjust the pathway and characteristic --- that is, the vertical smt's of -- a more-important GF still going on;

a GF from an smt-bounded equilateral triangle's center point, used to correct a bigger GF;

and, a straight line from the center point a rather angled triangle through one bound's midpoint -- with a confirming extra midline's midpoint just outside of that bound, used as a divergence for the bigger GF.


Note that I skipped the areas in-between more for clarity of drawing method than continuity of understanding of the method; also, I probably missed some smt's useful in minor lines that would explain the covered chart area better. Nevertheless, the areas are covered sufficiently enough to justify using the smt method. The disparity of coverage points to the greater need for ranking ability with fewer candles and for consistency of choice of small area to draw from, with more candles.

Here's an example from simulator, which increases the risk of nonranking smt-set lines breaking consistency:

The first two charts show an exaggerated distance between smt's, since I had to stretch my mind enough to handle more consistency from the lines my few-candles-derived smt's produced. This set of smt's borrows from lp4, with a past-type screen. (Just look at how it's made, forget the lingo if it disturbs. Thanks.)


The third chart shows, with the fourth chart giving the follow-through of, an even more-exaggerated, and yet more exact framing of the former smt set's lines, set of smt's. This set of smt's is a natural GF with its lines almost equidistant.
The first smt set appears to rank over the second in the short term, in terms of PA midlining around it in the fourth chart. In the longer term, however, I'd imagine that such a big, natural GF as the one in the third chart would prevail. The fourth chart shows PA ending at a midpoint between the two smt sets, indicating early influence of the latter, bigger one.

(a new post#1)









logic (serial) (ex.: explained in post 342, shown in #339-344)

The reliability of each line drawn for PA to react to -- versus the many lines drawn to set up where these lines originate from -- can be from a limited possibility of momentum through, opposing-angle area (see post 339), interaction of several, or midlined around smt-set lines, so that the line is still reasonably valid.
A 'bigger' or more important or higher-ranking GF is one that is from smt's that align a larger area with how they are juxtaposed with each other. Often, a lower-ranking GF will appear from a single smt or within a close-set pattern that refers more to the vertical than the horizontal.
That there is a disparity of coverage when one draws in the smt lines, points to the greater need for ranking ability with fewer candles and for consistency of choice of small area to draw from, with more candles. Allow type of response to each smt-area line (set) within this disparity, such as excessive midlines around the line.
Because of ranking, gunning a trade for a single line is often unacceptable; I may have missed a more important set of smt-based lines, or otherwise misread the used smt-based lines' development in interaction with PA. With inconsistency of thought comes greater risk. SL's are more readily available; I've had 90+ - pip SL's in the development stage of simulators in order to find a chart study method, and can foresee much smaller SL's due to this method's ability to rank due to smt direction and other as-yet unintercorrelated factors. TP's have increased dramatically, from my former 20-30 with rare number of pips above this, to a regular 60+ clip. Inter - smt set consideration would increase this amount.
Sometimes I've simply positioned a GF's anchor point in the middle of nowhere, paying attention to where its GF lines exactly fit a multitude of smt's. This way can get confusing amongst several choices for the potential GF of PA areas to intersect, and is a disservice to the precise interaction of TL's drawn doing one drawing approach similar to those on the list.
Also note the inherent weakness of MT4's GF's to jump on MT4 whenever rise or run is adjusted automatically by the program or when the user manually adjusts one or the other. I just don't adjust, using the arrow keys to move the chart to another position to view on the screen; or, and much less often, I replace a GF's useful lines each with trendlines.
Contiguous data is necessary for this method's lines to make sense. This is versus a horizontal s/r lines, pivot or other method, where data may be skipped. I make this inclusion in the method's notes because some broke rs (MBT, for example) skip data on occasion.
A bonus of this method is it's very exact and its lines rank well with each other and position to be effective in often a large amount of chart space; a drawdown, so to speak, is that it's still very much a discretionary method, especially given any number of smt sets PA offers may explain the next move of PA relatively well.
The method was developed on the 1' time frame of the GBPUSD symbol, and untested on the chart of other TF's or symbols. My suspicion, after both little and lots of data used of said TF/symbol, is it'll fair reasonably well for other TF's and symbols.

an attempt to symbolically represent the chart in a logical way:

a way to test chart comprehension: 1 why/what; 2 bullshit; 3 yathink; 4 I plead, forget it; 5 do that,and you die

(post#1: new)









So I told my relative,
"My method may be logical,
but I'm not."


logic* (which emphasizes serial, and serial use of, chart drawings,
over, for reason, single or stacked reasons that each of chart drawings are)
The reliability of each line drawn for PA to react to -- versus the many lines drawn to set up where these lines originate from -- can be from a limited possibility of momentum through, opposing-angle area (see post 339), interaction of several, or midlined around smt-set lines, so that the line is still reasonably valid. A 'bigger' or more important or higher-ranking GF is one that is from smt's that align a larger area with how they are juxtaposed with each other. Often, a lower-ranking GF will appear from a single smt or within a close-set pattern that refers more to the vertical than the horizontal.
symbol:

transference,
- from other past trades or
- in this trading session, to
- nontrading events that are continuous and thus supernormal of any one physical event,
- that recently happened in the physical and/or thinking sense,
- or that happened in the far past as in an injury or old, no longer useful habit
decision
-- LEVELS levels to test chart comprehension: 1 why/what; 2 bullshit; 3 yathink; 4 I plead, forget it; 5 do that,and you die
-- CYCLES " there was an emotional train from anger to frustration to shame and then to hurt and then to the feelings of abandonment and separation which could be key and pivotal for this patient in how she activates herself or doesn't activate herself in relationships."a
Poor, or consistently good, decisions drop, or increase, my risk level to a lower, or higher, type of trade -- paper, simulator, demo, penny, real. *Noted in title*
states
Perfectionism (study) and lack of emotional control (trade) usually set in before I trade well, so I don't have a real answer. Here goes (b), anyway -- a trader's feelings:
1 riding momentum; or, overusing leverage -- about the same, wild
2 trading solely on gut -- wild and confused
3 trading a good concept; or, making profit -- a mild to marked satisfaction
4 consistent profit -- boring
5 letting a trade ride while (not) being there; or, (not) using an SL, TP, or trailing of either -- dependent on how good a concept is, and thus exhausting if am active in the trade and surprising if am not



__________________________________________________________________________________

* proportion, variety to chart logic:
(ex.: explained in post 342, shown in #339-344)

The reliability of each line drawn for PA to react to -- versus the many lines drawn to set up where these lines originate from -- can be from a limited possibility of momentum through, opposing-angle area (see post 339), interaction of several, or midlined around smt-set lines, so that the line is still reasonably valid.
A 'bigger' or more important or higher-ranking GF is one that is from smt's that align a larger area with how they are juxtaposed with each other. Often, a lower-ranking GF will appear from a single smt or within a close-set pattern that refers more to the vertical than the horizontal.
That there is a disparity of coverage when one draws in the smt lines, points to the greater need for ranking ability with fewer candles and for consistency of choice of small area to draw from, with more candles. Allow type of response to each smt-area line (set) within this disparity, such as excessive midlines around the line.
Because of ranking, gunning a trade for a single line is often unacceptable; I may have missed a more important set of smt-based lines, or otherwise misread the used smt-based lines' development in interaction with PA. With inconsistency of thought comes greater risk. SL's are more readily available; I've had 90+ - pip SL's in the development stage of simulators in order to find a chart study method, and can foresee much smaller SL's due to this method's ability to rank due to smt direction and other as-yet unintercorrelated factors. TP's have increased dramatically, from my former 20-30 with rare number of pips above this, to a regular 60+ clip. Inter - smt set consideration would increase this amount.
Sometimes I've simply positioned a GF's anchor point in the middle of nowhere, paying attention to where its GF lines exactly fit a multitude of smt's. This way can get confusing amongst several choices for the potential GF of PA areas to intersect, and is a disservice to the precise interaction of TL's drawn doing one drawing approach similar to those on the list.
Also note the inherent weakness of MT4's GF's to jump on MT4 whenever rise or run is adjusted automatically by the program or when the user manually adjusts one or the other. I just don't adjust, using the arrow keys to move the chart to another position to view on the screen; or, and much less often, I replace a GF's useful lines each with trendlines.
Contiguous data is necessary for this method's lines to make sense. This is versus a horizontal s/r lines, pivot or other method, where data may be skipped. I make this inclusion in the method's notes because some broke rs (MBT, for example) skip data on occasion.
A bonus of this method is it's very exact and its lines rank well with each other and position to be effective in often a large amount of chart space; a drawdown, so to speak, is that it's still very much a discretionary method, especially given any number of smt sets PA offers may explain the next move of PA relatively well.
The method was developed on the 1' time frame of the GBPUSD symbol, and untested on the chart of other TF's or symbols. My suspicion, after both little and lots of data used of said TF/symbol, is it'll fair reasonably well for other TF's and symbols.

(revision: post#1)












So I told my relative,
"My method may be logical,
but I'm not."

logic* emphasizes serial, and serial use of, chart drawings, over, for reason, single or stacked reasons that each of chart drawings are.
pattern:

, psych-only

state
1 momo, overleverage -- wild
2 gut alone -- wild and confused
3 profit -- a mild to marked satisfaction
4 consistent profit -- boring
5 watch or let ride -- exhausting, surprising (respectively)
event, - from other past trades or
- in this trading session, to
- nontrading events that are continuous and thus supernormal of any one physical event,
- that recently happened in the physical and/or thinking sense,
- or that happened in the far past as in an injury or old, no longer useful habit
series -- ON/OFF it's another #@$!% margin call. Where's my money management skills?
-- LEVELS 1 why/what; paper 2 bullshit; simulator 3 yathink; demo 4 I plead, forget it; penny 5 do that,and you die; real
-- CYCLE " there was an emotional train from anger to frustration to shame and then to hurt and then to the feelings of abandonment and separation which could be key and pivotal for this patient in how she activates herself or doesn't activate herself in relationships."a




__________________________________________________________________________________

* proportion, variety to chart logic:
(ex.: explained in post 342, shown in #339-344)

The reliability of each line drawn for PA to react to -- versus the many lines drawn to set up where these lines originate from -- can be from a limited possibility of momentum through, opposing-angle area (see post 339), interaction of several, or midlined around smt-set lines, so that the line is still reasonably valid.
A 'bigger' or more important or higher-ranking GF is one that is from smt's that align a larger area with how they are juxtaposed with each other. Often, a lower-ranking GF will appear from a single smt or within a close-set pattern that refers more to the vertical than the horizontal.
That there is a disparity of coverage when one draws in the smt lines, points to the greater need for ranking ability with fewer candles and for consistency of choice of small area to draw from, with more candles. Allow type of response to each smt-area line (set) within this disparity, such as excessive midlines around the line.
[size="1"]Because of ranking, gunning a trade for a single line is often unacceptable; I may have missed a more important set of smt-based lines, or otherwise misread the used smt-based lines' development in interaction with PA. With inconsistency of thought comes greater risk. SL's are more readily available; I've had 90+ - pip SL's in the development stage of simulators in order to find a chart study method, and can foresee much smaller SL's due to this method's ability to rank due to smt direction and other as-yet unintercorrelated factors. TP's have increased dramatically, from my former 20-30 with rare number of pips above this, to a regular 60+ clip. Inter - smt set consideration would increase this amount.
Sometimes I've simply positioned a GF's anchor point in the middle of nowhere, paying attention to where its GF lines exactly fit a multitude of smt's. This way can get confusing amongst several choices for the potential GF of PA areas to intersect, and is a disservice to the precise interaction of TL's drawn doing one drawing approach similar to those on the list.
Also note the inherent weakness of MT4's GF's to jump on MT4 whenever rise or run is adjusted automatically by the program or when the user manually adjusts one or the other. I just don't adjust, using the arrow keys to move the chart to another position to view on the screen; or, and much less often, I replace a GF's useful lines each with trendlines.
Contiguous data is necessary for this method's lines to make sense. This is versus a horizontal s/r lines, pivot or other method, where data may be skipped. I make this inclusion in the method's notes because some broke rs (MBT, for example) skip data on occasion.
A bonus of this method is it's very exact and its lines rank well with each other and position to be effective in often a large amount of chart space; a drawdown, so to speak, is that it's still very much a discretionary method, especially given any number of smt sets PA offers may explain the next move of PA relatively well.
The method was developed on the 1' time frame of the GBPUSD symbol, and untested on the chart of other TF's or symbols. My suspicion, after both little and lots of data used of said TF/symbol, is it'll fair reasonably well for other TF's and symbols.

Hey did you ever consider that historical price might NOT be indicative of future price? Perhaps its not indicative of that in certain ways while it is in other ways. Perhaps you have assumed it is indicative in ways it is not.

Bare with me as i think aloud in terms of my most recent empirical knowledge.
You see that price looked a certain way before, and you assume that there is a general pattern, a general shape that repeats. What if there is general knowledge to be derived from historical data, but its not the shape of price or the general pattern of price? For instance focus insted on even more simple readings then the pattern of price, have a look at only the level of price.

1) Has a rational explanation (well sort of the hwole thing with fluctuating price like this is totally stupid but anway), the banks look at the level of price when they place orders, not the general shape of price. Meaning to the people actually driving setting and deciding what price should be, the shape of price doesnt not matter to them. They dont care about indicators, MAs and such and they dont care about actually making a head and shoulders, a teacup, a flag or what ever "significant" shape retail traders have dreamed up in their wet dreams. For them price is NOT at ALL controlled by feelings, and those feelings that its not controlled by does now show itself in the shape of price so the shape is not indicative of things that will come to pass.

Thats the conclusion i have reached. And im working assuming its true. Though the exception is EMA 21 on M1. It might be subcioncious, it might be consious.

interesting comment, although i believe patterns do give clues, but only in indicating immediate momentum (mostly because of stop losses), how far it will carry price is another story, but one can observe the strength of the resistance against the trend an decide whether to stay with the position or not

on the other hand, when you look at larger timeframes, you can trade them as you would scalp, e.g. taking a setup on monthly chart and staying with it for just another month

: what you define a pattern is another story

Yeah sure, but i was talking as a matter of argument, you know thinking aloud. I wasnt trying to capsule the whole truth, just give it a bit of new spin and mayne Mr. HA pattern can get a bit of a new angle to his thought process or something like that. Here we have a nice example right now to illustrate both pattern recognition AND fix level S/R.

(You made my day.)

Thanks for visiting again.
I appreciate your studying in on this, can always use another view.

Resistance-support lines are simple 2D patterns, often with a vector aligned with it. Thus, 3D patterns tend to react to and bounce off it at a single point (1D), reaffirming its utility.

Not that it'll help me make $ to know this; likely, your ma idea is better for that purpose. Continuity is extremely difficult, the way I propose to study charts.

Making peoples day is my thing, or at least id be pleased if it where.

But yeah S/R is a pattern now that you mention it, but when i said "pattern" i ment all the other things, batman and head and shoulders and shampoos and all sorts of cuttlery and what ever people see in charts these days and those really complicated pattern thingies you look at and such.

So to repeat or maybe make myself clearer: Patterns such as head and shoulders and flags and patterns derived from trying to understand the emotional cycle of investors, is not something that the drivers of price (banks) is trying to form fit price to. Meaning those patterns is not something they try to make price look like, they are not painting with price. There are such patterns to see and perhaps take into account in various ways. The orders they (banks) place sometimes make such patterns, but seeing as its not their obejctive to create or maintain them in any way, that is an argument or call it a reason why its difficult or even impossible to spot them early and often enough to trade them consistently.

The gods know i and others i care about have had many ideas that just didnt work, we paid in blood, sweat and SEK to know that:

At first i thought S/R was total lunacy since it seemed impossible to decide if they will cap price or not.

For a long time i traded only against price and i made consistent returns doing so.

I used a lot of different indicators and many of them seemed to do very nice things sometimes, really telling me a lot.

I thought that using Alparis EAs was a nice idea.

I traded without a stoploss on a too small account and blew 75% before the damn thing.

I listened to advice from people hwo knew far less then i about what they where talking about, just because they had a vested intrest.

Ive had to scrap thousands of ideas and i am left with not so much on my chart. Many of the ideas totally stupid, many of them totally irrelevant when it gets down to it. But some of em pretty nice to have around.

Stuff like that is things ive had to realize was some bad ideas. Im not saying you have bad ideas, you have good ideas, im just trying to give your world a shake and your brain a nice clean book to write new stuff in. Dont get to proud and fixated on present and historical ideas is what im saying. Tomorrow is a totally weird new day in this totally weird and fucked up and beautiful place, and you can have totally new and weird and fucked up and beautiful ideas, that you didnt have yesterday. And i know you do but you gotta give em some room and let em fly for a bit.

Sometimes i just open up a new chart, no indies or S/R or anything. And i try to see where it would be really cool to enter. And then i try to make a hypothesis on how i would see that sort of place next time. I can work for 2 weeks on the same hypothesis and then i see some utterly devastating flaw in the whole thing, for instance that its totally impossible to actually make money that way, even though it was a very interesting approach. And so i have to scrap the hwole thing and at least i know that. The more i do that sort of thing the more i learn and see that complicated stuff most of the time only hurt my brain.

Yeah so maybe you dont know what the hell im talking about and maybe you dont care and maybe i should just stop typing and drink my coffee instead.

Oh and by the way, what is this, those violet/red little spheres incapsulated in the rest? Snapped it in the forest the other day...

You mean like this?

Ill have a look see either if i can find a trade i made on a pattern you have in the picture or if i see something i fancy for any reason.

Update: yupp found something, a downturning but the same.

I think i might call that pattern a horizontal squeeze with a plop. But i guess any name is as good as any, its the essence of the thing that matters not its arbitrary name. If i see a similar pattern with lines forming above and below pointing like > or < thats not something i would want to trade, thats just decrease in volatility and thats not something i can use for a position as its not pointing me either way.

I put my M1 template there if you want to fool around with it late at night or what ever.

On the rock question:
I don't know. I'd call a local college geology department and ask them.
It'd be fun to guess, tho: The iron-colored pocks do like they're in a white calcite/dolomite that covers an awfully crushed/metamorphized limestone. I doubt there's a lot of fossils in that immediate area, what with all the weather/pressure mechanics changing the rocks. The pocks may be in line with the idea of oolites, only much, much bigger and more sparse.
Well, whatever. There's really no geology to be had where I've lived for a decade.


To answer your chart question:

Thank you for using my chart pattern drawings -- That's really, really cool.

The first of the three charts, in the second post with chart(s), makes sense: It's an upper triangle. I gather it's part of the same chart as in the first chart you posted recently. I write about and show it below, along with the horizontal line you drew.
What's just as important as the upper triangle and the horizontal line,
is the temporary pattern right after the upper triangle: If you study its small TL's as they go in about three different, consecutive TL's, perhaps; while this second pattern acts as resistance, it later holds price in place. What I mean is, look at a long, almost-vertical, upward run with consecutive, evenly spaced breaks, and you'll see the breaks have patterns that point upward, then sideways, and finally downward (if there are three breaks in the run). This second pattern proves to be more a sideways pattern, even if the tiny TL's within it gently press PA back down for a while.
The other two charts you have vaguely match the drawing's volatility, is about it. Can't do anything with them, other than apply other patterns to them. Maybe later....


Alright, then, my overall impression of the chart --

I hope you don't mind if I looked ahead at the rest of the day to now (8 pm EST). Also, I try to stay away from such big candles, to avoid overdependence on candle-reading linked with weak use of drawn/automatic lines, as well as to increase #pips per chart-study effort without significantly increasing hold time.

That spinning top with huge shadows, after the big single-candle drop, really strikes me.
Second is a rather subtle pattern, one which controls the rest of the day. It's the upward triangle and then the overall-sideways reaction right after that triangle. While your chart has an up-moving channel feel in the middle of it, the important thing is that price later returns to the huge spinning top (which isn't on other broke rs' charts; glad yours did) several times.
Third, the space between the upper triangle and its reaction, to the right of the huge spinning top, and up and down of the very large single candles, makes for a dandy 50% parallel horizontal lines opportunity.
Fourth, that shape reacting to the upper triangle is eventually broken as a resistance, if only to, so far, confirm the 50% horizontal lines.
Fifth, the subtle, up-moving channel already noted seems to be an early, subtle push for the chart to go higher. I haven't really explored this type of idea, beyond your basic divergence.

I wouldn't venture which way price goes next. It seems awfully well situated (as of 9 pm) above the 50% parallel line above your chart's upper triangle / secondary pattern s/r line, so there's some support for a good run long. Then again, that support is awfully wide, so a subtle candle clue may be found in it to suggest a breakdown of support. I don't know, I've been on trading simulator / paper for months.


More on your using the pattern drawings:

Maybe I should explain them all. Only, as I noted earlier, continuity is a huge problem for me.
One minute I'm earning 5% an hour on 50:1 leverage, the next minute (in simulator time) I'm in margin call. I guess I get tired before looking at the chart afresh, if the first pattern I draw does well for several trades.
It's like, difficult to tie one of these pattern drawings in with the next one. I did it several posts ago, what with the big series of charts. Only, those charts 'specialized' in projecting Gann Fans' anchor off PA's path, which, while useful, is certainly not the only way to draw patterns' lines. So, my self-acclaimed "logic" is more difficult than I at first supposed.
Also, the triangles you used, are in an order to make one triangle low, the second high, and the third in the middle. Sometimes I call it a compromise, kind of like a regular-polygon version of a midline.
It's interesting how you may integrate such drawings into your studies, hope to read more of this.


Oh, and by the way,
that "L" in the upper right center portion of your rock photo . Hmm.. (Just kidding.)
Of course, where there's metamorphism, there's $. So the red spots may be something, especially if you can find and test some ones loose of the bedrock in the area.

Anyhow, good luck with your chart studies. Hope it reduces your trade risk.

Hi, silverheat. "one can observe the strength of the resistance against the trend an decide whether to stay with the position or not" -- Invaluable.
Am still on psych.

So first specifically about what i made fat styled and then later today if i get them time inbetween staring at M1 i might comment on some other things.

You are using way to big positions, use like 0.2% stoploss of total account for each or something.

And about your logic, that ties into what i was rambling on about earlier: You have your pattern logic and you can see the patterns in the chart, thats true. But the banks aim is not to entertain you and make patterns for you to have fun with. Banks are doing their thing exchanging x amount of currency A for y amount of currency B at a an average price, thats their goal. But anyway lets take a couple of huge steps backward:

A pattern is only good if we can early on assume from the beginning of it how it will look later on. So the value of the pattern is only its predictive ability, if it does predict, fine, if it does not it needs discarding or modification. Right? Why else would they at all be interesting?

To use a wide definition of patterns: Pattern is a set of consequitive candles/bars say 3+ in number. Price is completely build of patterns, one pattern chains into a new and that new pattern chains into another one and so on. In such a definition everything i have done for the last 8 months is one particular thing: Stare at E/U M1 patterns and traded them. However, sometimes i recognize what im looking at as something i can trade, and sometimes i dont. Meaning the particular candles im looking at for the moment does or does not match anything that my subconcious can lift into consiousness and say "Hey dude you know this, go for it!". So along this lines i have conditioned my consiousness in such a way that i have build maps of candles similiar to your pictures of patterns. All im pretty much doing is modifying those maps in various ways, mostly a subconsious effort. To my mind, and with this definition, thats what all good traders do.

Where was i going with this? *Scratching my head* Yes of course...

The quite difficult thing to wrap the brain around is both these things in tandem, meaning:

1) Banks dont give a crap about patterns, only about level of price.

2) Patterns is the only thing you can ever trade, since thats what price is build out of (when we use a wide definition).

I cant quite say how important that is, since its the ONLY things that is important. Its particular consequences and what to say about, well that could fill a thousand libraries. For instance people sometimes seem to think that an RSI period 14 oversold at 20 and below, overbought at 80 and above is something other then a pattern. It might be but then a narrow definition of "a pattern" is used. If we use a slightly wider definition of "a pattern", then all it really is is another pattern. And of course the same goes for an MA, a certain pattern of candles in the period you assigned to the MA will shape it.

So maybe now its slightly clearer what i was rambling about earlier and why.

Hi yaed,

I hope you found my explanation of your chart useful in trading.

I do have trouble segueing from one well-drawn temporary pattern's lines to the next one's.
Very occasionally, as with my recently posted series of charts, I hit my stride in picking temporary patterns that make sense with each other as well as individually.

You are looking for a reason to go through all this mess of deciding which patterns work at what time, instead of discretely separating

1. reading thousands of infinitely variable candles,
2. "gee, price touches my bending lines nicely", and
3. pretrading horizontal lines.

This method looks nice, only all it really is, is a cheat sheet for plain candle reading.

What I've worked for, in replacement of this, is to pick temporary pattern lines drawn from regular subpatterns that match the importance of candle reading.
Logic in a series of these puts an extra layer of understanding above the chart. It chooses enough candles to align with at the same time the entire area of candles has an explanation for existing.
This precarious balance lets one move speedily from one chart area to the next, trading big and risking small on the 1'.


Okay, on with your list of points:

Banks work unconsciously too, far more than we do. Why else would there be the ability to read patterns? So what if the range of chart waves is much smaller than several years ago.

1. They arrive at complex math formulai for trading algorithms, depend on lots of news, and play off each others' moves in order flow. Bank traders such as these need far more sureness and must choose a setting which has a very limited amount of market information. These traders use lots of repetition and deep pockets to make money.
2. Either that, or they, like retail traders, tailor the extra information they're privy to according to individual taste. These traders need one simple flow of information to tie the rest of the information in with, such as a price-time chart. These traders use money management to protect against the more uncertain range of trade reasons and in order to take advantage of the greater range of trade reasons.
3. It would be very difficult to combine the strengths and weaknesses of selective study of information flows. This person does it, for one.

No, the right pattern that touches just enough of candles to explain why the rest of the candles meander so on the chart, allows chart logic to overlay and simplify the chart reading process.
Patterns can be of any size from anywhere on the chart.
A conscious, reasonable explanation to make the pattern's underlying form reuseable, is all that is needed.
No. The chart is infinitely defineable with patterns; thus, patterns are made from various amounts of chart and project various amounts into the future. Maybe what you're really saying, is that one needs a continual flow of patterns so the brain's limits can handle the chart patterns' information well enough to clearly think about and get a trade from it all.
Yes, speed and sureness of recollection is a plus. However, managing the everchanging flow of information at the candle level, where presumably unshakeable price is represented, is the first priority.
No; or rather, only superficially. As noted:

You found a way to intuitively read the current candles that takes into account all other candles, to follow price flow touching your ma's with your ersatz Keltner Channel, and to draw s/r levels suggesting trade levels. Attention, flow and impression, respectively, are taken care of, to allow for efficient trading. Risk is high, if clearly understood, and the trader must make up for this with skill.

In contrast, a logical series of chart patterns (temporary or not, with subpatterns or not) projects lines that rationally select defining candles where ever they are, explains an entire area and how it evolves, and contains lines that price explainably bounces back and forth between.
After the initial study and occasional follow-up's, price is in a visual area one sees all at once and in a series. One gets to own the chart and thus make plans from and around it, carefully deciding where to apply one's attention, flow and impression, to allow for effective trading. This type of chart study dramatically reduces risk and thus the need for the trader to be skilled in mm.
In theory.


Okay, well, gotta leave. Best of trading to you.

(post#1, slight if, to me, important changes to)
























thinking model - proper

pr (pattern repetition,) shapes
logic* serial, reason parallel
event, - from other past trades or
- in this trading session, to
- nontrading events that are continuous and thus super/subnormal of any one physical event,
- that recently happened in the physical and/or thinking sense,
- or that happened in the far past as in an injury or old, no longer useful habit
physical:
series -- ON/OFF it's another #@$!% margin call. Where's my money management skills?
-- LEVELS 1 why/what; paper 2 bullshit; simulator 3 yathink; demo 4 I plead, forget it; penny 5 do that,and you die; real
-- CYCLE " there was an emotional train from anger to frustration to shame and then to hurt and then to the feelings of abandonment and separation which could be key and pivotal for this patient in how she activates herself or doesn't activate herself in relationships."a
state activity:
1 momo, overleverage -- wild
2 gut direction -- wild and confused
3 profit -- a mild to marked satisfaction
4 consistent profit -- boring
5 watch or let ride -- exhausting, surprising (respectively)



__________________________________________________________________________________

* proportion, variety to chart logic:
(ex.: explained in post 342, shown in #339-344)

The reliability of each line drawn for PA to react to -- versus the many lines drawn to set up where these lines originate from -- can be from a limited possibility of momentum through, opposing-angle area (see post 339), interaction of several, or midlined around smt-set lines, so that the line is still reasonably valid.
A 'bigger' or more important or higher-ranking GF is one that is from smt's that align a larger area with how they are juxtaposed with each other. Often, a lower-ranking GF will appear from a single smt or within a close-set pattern that refers more to the vertical than the horizontal.
That there is a disparity of coverage when one draws in the smt lines, points to the greater need for ranking ability with fewer candles and for consistency of choice of small area to draw from, with more candles. Allow type of response to each smt-area line (set) within this disparity, such as excessive midlines around the line.
[size="1"]Because of ranking, gunning a trade for a single line is often unacceptable; I may have missed a more important set of smt-based lines, or otherwise misread the used smt-based lines' development in interaction with PA. With inconsistency of thought comes greater risk. SL's are more readily available; I've had 90+ - pip SL's in the development stage of simulators in order to find a chart study method, and can foresee much smaller SL's due to this method's ability to rank due to smt direction and other as-yet unintercorrelated factors. TP's have increased dramatically, from my former 20-30 with rare number of pips above this, to a regular 60+ clip. Inter - smt set consideration would increase this amount.
Sometimes I've simply positioned a GF's anchor point in the middle of nowhere, paying attention to where its GF lines exactly fit a multitude of smt's. This way can get confusing amongst several choices for the potential GF of PA areas to intersect, and is a disservice to the precise interaction of TL's drawn doing one drawing approach similar to those on the list.
Also note the inherent weakness of MT4's GF's to jump on MT4 whenever rise or run is adjusted automatically by the program or when the user manually adjusts one or the other. I just don't adjust, using the arrow keys to move the chart to another position to view on the screen; or, and much less often, I replace a GF's useful lines each with trendlines.
Contiguous data is necessary for this method's lines to make sense. This is versus a horizontal s/r lines, pivot or other method, where data may be skipped. I make this inclusion in the method's notes because some broke rs (MBT, for example) skip data on occasion.
A bonus of this method is it's very exact and its lines rank well with each other and position to be effective in often a large amount of chart space; a drawdown, so to speak, is that it's still very much a discretionary method, especially given any number of smt sets PA offers may explain the next move of PA relatively well.
The method was developed on the 1' time frame of the GBPUSD symbol, and untested on the chart of other TF's or symbols. My suspicion, after both little and lots of data used of said TF/symbol, is it'll fair reasonably well for other TF's and symbols.

(new post#1, retaining old picture)

reference

A chart is absolute time, conditional cost/price/worth. Thus,

what is a chart (only including objects, actions, etc., within the time viewed)?

|| -> = types of actions , listed in order of ability to control/change/adapt (from none to all)
, where
|| the most profitable to losing range of possibilities allowed;
-> becomes the same as (rare; sets consequences for future possibilities (that is, a pattern whose subpatterns/reasons project into the future to influence/create other chart areas));
= certainties establish possibilities, level with serial-time action of various costs/benefits

1. axes of cost and time (accident/luck: interact that grounds lightning-fast reaction beyond another's control, replacement or doubling(,) of self upon failure or success, and overweaning environmental controls)
2. impulse build-to / leverage-control / redirect(defuse)
3. majority-of-direction (for people, parallel to: sex; going toward: violence; surrounding: digestion; etc.; for the market, (conscious) news, (unconscious) chart. Intercession/grouping included, if majority-of-direction) impression-producing interaction with centered-upon anchor that can do exactly the same thing to self;
   that is, a close, mutually-accepting physical encounter that enters another's body and creates special chemicals inside body, all of which creates permanent memories and a world of anchored opportunities unique to the type of anchor and, to a lesser extent, the type of interaction performed
4. emotion band or similar set of boundaries to limit possibilities of interaction (high, ego; low, conditioning. Mutually accepted boundaries necessary for emotions to exist.)
5. forecasting pattern to fulfill need for survival: know, prepare for size * inevitability * intent of any in path

What affects a chart's actions, including from before the chart area considered?
Thought patterns carry from previous, or imagined future, scenarios
- other past trades or
- a cycle of action-reactions in this trading session, to
- nontrading events that are continuous and thus super/subnormal of any one physical event,
- that recently happened in the physical and/or thinking sense,
- or that happened in the far past as in an injury or old, no longer useful habit

What affects a chart's actions, including for after the chart area considered?
involvement that carries to next action and to overall development into a professional trader:
1 momo, overleverage -- wild
2 gut direction, intertrade chart study logic -- wild and confused, clear instruction
3 watch or let ride -- exhausting, surprising (respectively)
4 profit -- a mild to marked satisfaction
5 consistent profit -- boring

action

Trading is a world of extreme opportunity and disaster; thus, special preparation is necessary.

1. Explore and work through several options to justify the trade.
2. Establish boundaries for each trade: Appropriate boundaries respect different states of self and market, preventing disaster (chronic or acute).
3. Lower risk parameters as far as possible in deciding how to trade. Be paranoid: No one will help you and everyone's out to get you. Be ready for absolute helplessness.
4. Detail actions to take during each trade, before commit hard-earned $.
5. Train reactions for if something goes wrong.

observation

(picture)
summary of || -> = - type actions; "rank 1-5" denotes that these actions rank how effective a pattern is
price-time chart - appropriate division of patterns and other creatures, with starter/ending patterns suggested
cognitive bias related to each division (source in help for narrowing down choice of cognitive biases noted)

Chart one, second in linear time order, shows how I immediately compared two patterns and mentally measured where they would be effective. I was wrong, as price promptly jumped to the dashed line rather than run the Gann Fan shown. This a) showed that price may stay higher for a while and b) would mean I must close my position.

....



___________________________________________________________________________________



(post#1)

Condensed approach:













I'm not too practiced in this combined-patterns type of chart study, however more effective it, and thus a continuous logic of patterns, is. That's what I want to do next and what I think'll get me into more trading consistency. That, and being more accepting of the lines being boundaries for my trades.


patterns: felt
Order from unchangeable to changeable; order reverses in emotion-strong people. Observed patterns, at least the start/end ones (if not the idea of start/end), identify how go from one felt pattern to another. 2,4 boundaries (and chemical-cc mix); 3 chemicals; 1,5 cc's, that is, inner physical direction with one concept of an activity or another.

1. impulse build-to / leverage-control / redirect(defuse). Accident/luck. Might put gut trace here, at least if include the two adjoining felt patterns.
2. axes of cost and time interact that grounds lightning-fast reaction beyond another's control, replacement or doubling(,) of self upon failure or success, and overweaning environmental controls
3. majority-of-direction (for people, parallel to: sex; going toward: violence; surrounding: digestion; etc.;
   market -- (conscious) news, (unconscious) chart. Intercession/group okay, majority-of-direction) impression-producing interaction with centered-upon anchor that can do exactly the same thing to self;
   that is, a close, mutually-accepting physical encounter that enters another's body and creates special chemicals inside body, all of which creates permanent memories and a world of anchored opportunities unique to the type of anchor and, to a lesser extent, the type of interaction performed
4. emotion band or similar set of boundaries to limit possibilities of interaction (high, ego; low, conditioning. Mutually accepted boundaries necessary for emotions to exist.)
5. forecasting pattern to fulfill need for survival: know, prepare for size*inevitability*intent of any in path

patterns: observed
price-time chart - appropriate division of patterns and other creatures, with starter/ending patterns suggested
cognitive bias related to each division (source in help for narrowing down choice of cognitive biases noted)