three has the same coding as trade two, and I think I will change it.
I have found instances of directional conflict, and if I do it will be
with a new symbol [most likely ++], and keep all colors the same.
If the market is above trade three and moving up, but below trades one
and two the color is red [dots] and that is confusing because the market is
moving up and not down. Everything
else seems to be, as I want it.
most important things in the ticker are the access boxes [trades one, two,
three, etc.] in that they represent capital entering the market with equality [a
buyer and seller]. The database is
biased to being long and has an exit program, therefore, if the program does not
exit, it means that longs are staying, creating the needed imbalance for
direction. This activity will take
place ahead of any color change giving plenty of time with which to work.
net of this is to change from trading with unchanged on our side to trading with
direction on our side.
changes in this newer program [ticker] relate to introducing both a time and
price tolerance into the calculations. These
keep the data smoother as you can see on your new display.
When there is only one entry, the box will be gold when that entry is
above the exit, white when it is underneath.
After trade two the colors will shift to the highest and lowest of that
chevrons [<<<<<] were introduced to show retracement and note
that when retracement is retraced; it should be thought of as an entry, which it
indirectly is. The chevrons appear
as the first counter move in the developing section of the market.
The first direction will be dots then chevrons if needed—note the
market can move vertically either way at the starting point so having one versus
the other has no bearing on the outcome. Note
that it is back and forth through the access point that creates chevrons to dots
etc., and also note that where chevrons appear in the data string, the first
chevron will be at or very near that access point.
key point in reading the ticker is to see the market vertically in the
linear development of the data stream. You
must go to the 0-4 graphic and study it. Next you must see that change comes from entry and not
price. The change in colors is
after the fact, but is still needed. A
long string of green dots will not change to red without additional entry—note
where in the string this entry takes place as the lower and more attractively
priced the better the chance for change.
only thing that can go back and forth is the last price indicator [blue color].
All else just continues to move forward. [where + equal dots]
+++++<<<<<< + means
the market went above the entry [last access or trade number] by five price
indicators [i.e. +’s], went below that same entry by five price indicators [i.e..
<’s], and them back above it---the market is where it started and we have
created a long string of linear data.
trim the data to fit between the last two points, and you should note that trade
ones create the longest strings of irregular changes [dots/chevrons] because no
entry means the same conditions will prevail, in other words, the market is in
need of entry. A close trade two
above the carryover trade is good because buying is overcoming random market
conditions. Always try to find
where the market needs to or is overcoming conditions rather than where it is