I have my MP on tick increment of 4. So on 4 ticks right now the profile is showing poor/weak highs. But if I change to 1, 2, or 3, ticks obviously the details become finer and the poor/weak highs aren't there.
Is it okay to trust the poor highs on 4 ticks? The reason I'm on 4 ticks is because if I'm on 1 tick the letters are way to small and I struggle to fit multiple profiles on the chart while being able to see the letters.
Hey! That makes sense. The daily plans also use a 4-tick increment for the same reasons—it keeps the profiles readable while still showing the relevant structure.
Honestly, a single data point like that isn’t something I overanalyze. I generally have another TPO chart set to 1-tick increment if I want the finer detail.
Also, the whole concept of how many ticks constitute a poor reference or excess is pretty old—it comes from a time when volatility was much lower than today.
So as I've begun front testing and Journaling I've noticed a good amount disrepencies with the book I'm reading. Biggest one I noticed was the description of the IB for each day type. They really hammered narrow IBs in my book, for example with trend days. I ain't seen a narrow IB.. Ever haha. So I appreciate you pointing out that's a bit outdated.
Solid breakdown of how weak highs can precede liquidation moves. That point about the VIX tagging 16.80 to the tick during the bounce attempt is pretty telling, especially when paired with sellers stepping in. I trade futures myself and have definetly learned that when price can't hold above key levels even with attempted bounces, its often better to wait for cleaner setups than fight that tide. The disciplie of not chasing outside yellow levels seems critical in environments like this.
Hey Smash, sorry for all of my questions haha.
I have my MP on tick increment of 4. So on 4 ticks right now the profile is showing poor/weak highs. But if I change to 1, 2, or 3, ticks obviously the details become finer and the poor/weak highs aren't there.
Is it okay to trust the poor highs on 4 ticks? The reason I'm on 4 ticks is because if I'm on 1 tick the letters are way to small and I struggle to fit multiple profiles on the chart while being able to see the letters.
Thanks!
Hey! That makes sense. The daily plans also use a 4-tick increment for the same reasons—it keeps the profiles readable while still showing the relevant structure.
Honestly, a single data point like that isn’t something I overanalyze. I generally have another TPO chart set to 1-tick increment if I want the finer detail.
Also, the whole concept of how many ticks constitute a poor reference or excess is pretty old—it comes from a time when volatility was much lower than today.
So as I've begun front testing and Journaling I've noticed a good amount disrepencies with the book I'm reading. Biggest one I noticed was the description of the IB for each day type. They really hammered narrow IBs in my book, for example with trend days. I ain't seen a narrow IB.. Ever haha. So I appreciate you pointing out that's a bit outdated.
Thank you Smash!
Great stuff! Thanks.
Solid breakdown of how weak highs can precede liquidation moves. That point about the VIX tagging 16.80 to the tick during the bounce attempt is pretty telling, especially when paired with sellers stepping in. I trade futures myself and have definetly learned that when price can't hold above key levels even with attempted bounces, its often better to wait for cleaner setups than fight that tide. The disciplie of not chasing outside yellow levels seems critical in environments like this.