Updates

Clarifications and refinements

A living record of what changes in the framework after publication, as practice puts the rules to work. Entries are grouped by the part of the book they touch, newest first within each part.

I am, after all, only human.

Two kinds of change

What an entry means for you.

Clarification

The wording gets sharper. The rule stays the same.

A clarification settles wording that could be read more than one way. How you trade does not change; the entry says which reading the book intends.

Example: the soft-stop carve-out on XSP (Chapter 18, Section 4)

Refinement

Practice has tightened a rule.

A refinement states a rule more strictly than the book did, or adds a condition practice has shown it needs. Read each one before your next session; your notes, checklist, or journal may need the same change.

Example: the fresh-print gate after a cross (Chapter 8)

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Example entries. The entries below are samples that show the format, one per part. Each restates a rule already in the book, so none of them changes how the framework is traded. Recorded clarifications and refinements will take their place as they are made.
Part I · Chapters 1–3

Foundations

ExampleClarificationChapter 2 · The gamma flip is an estimate, not a tick

The gamma flip is an estimate, usually stable to within a strike or two, not a price known to the tick. The framework anchors to one value, the operative zero-crossing nearest spot in the CSV, and asks price to prove its side with closes, not touches.

Part II · Chapters 4–6

Data and Infrastructure

ExampleClarificationChapter 4 · Volume, not open interest

The framework’s levels are built on traded volume for today’s expiration, not on open interest, so they will often differ from an open-interest dashboard, sometimes widely. The two measure different things. Do not mix sources inside a session.

Part III · Chapters 7–8

Reading the Map

ExampleRefinementChapter 8 · After the cross: the fresh-print gate

A fresh print is one whose data state is after the cross. With the data 15 minutes delayed, that print comes no earlier than 15 minutes after the cross; a print downloaded 5 minutes after the break still describes the old map. Until it arrives, no entry relies on a level.

Part IV · Chapters 9–14

The AI Layer

ExampleRefinementChapter 12, Section 7 · Updating the chart mid-session

A mid-session update replaces the whole script with one paste; nothing in the indicator’s settings panel is touched. If values were changed by hand in the settings panel, TradingView may hold them over the pasted ones. Resetting the indicator’s settings to their defaults once puts the paste back in charge.

Part V · Chapters 15–19

Trade Selection and Management

ExampleClarificationChapter 18, Section 4 · The 2:30 PM soft stop

The $0.25 carve-out at the 2:30 PM soft stop is sized for SPX. XSP is a tenth the size, so its carve-out is $0.02: $0.025, rounded down to the stricter penny tick.

Part VI · Chapters 20–26

Discipline, Capital, and Evolution

ExampleRefinementChapter 23, Section 2 · The paper-mode threshold

A breach of the 6R drawdown limit restarts the count. The sessions, the trades, the expectancy, and the drawdown high all count again from the first session after the breach; the paper rows through the breach stay in the journal as TYPE Set Aside.

This page is maintained alongside the framework and updated as practice clarifies or tightens a rule.