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danielc1
Registered: Aug 2002
Posts: 245 |
05-02-12 06:58 AM
Quote from demetria:
No, the public knowledge is designed to take your money. The public knowledge does not work very well because by the time it becomes public knowledge the stock has been set up to take your money. Its almost advantageous to always do the opposite of public knowlege. Really, to be successful , once you have received the public knowledge you need to reference the chart of the stock and see what has been done beforehand, before the news.For , instance, if the stock has been terribly run down before earnings then its being positioned to run, and vice versa,... If its been run up before earnings then its in positon to turn downwards.
First of all : Welcome to the board.
You are absolutly right in your example. My point is that this information you share in your response is 'public knowledge' under traders and investors and that this works to make money in stocks. Like many other thousands of things that is writen about trading and investing... And that it is the people who interpreted the message trough their 'experiences' and 'thoughts' and fail to see how it really works...
To all of ET: I see I'm over 200 post in ten years, it is time to start doing something else with the free time I have, then posting here. So good luck to you all, I'm going to stop posting now for a while. (if there is a party because I stop posting, please send me some cake!)
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keeptradin'
Registered: Feb 2004
Posts: 1419 |
05-02-12 02:02 PM
Quote from bwolinsky:
The average person does not make $130k.
Average per capita income for the US is ~ $41k as of 2011:
http://bber.unm.edu/econ/us-pci.htm
Interesting to note the highest per capita income (almost $17k more than the next closest state) is in the District of Columbia.
Isn't that where the politicians and lobbyists all live?? 
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jack hershey
Registered: Feb 2003
Posts: 7369 |
05-02-12 05:37 PM
Quote from danielc1:
Jack, I see what you mean, but the point is that you are saying this after the fact. The first trades of the day, I was looking to short as soon I saw the volume being negative, and in a split moment the day 'break' to the downside out of a 'box' was over, only to turn up drastically. A typical move, when the first move failed, is a strong move in the other way, but you can not know that when you are sitting in front of the screen when the market is unfolding. It could easily have been a down move that continued from the opening...
Unless you see something I do not see in the spur of the moment...
From your comments above and your trading print, a person who is used to mentoring others, can explain a lot to a person like you.
Blah blah blah.
See if you can keep the blahs I just gave you in mind.
They cover the objections you offered of the help I gave you. From my comments you now know more about what your problem is with your erroneous belief system.
So now you have another choice to make. Can you can the crap you tell me and begin to do what I say and repeat what I suggest over and over.
I looked at forty minutes of your activity in two kinds of CW markets. Cw calls them chop and trending. I was informing you of the difference. And I told you how to operate in each.
Lets just let it go at this.
You feel it is more important to be correct than to be rich.
Look at blowinski avoiding seeing his first practice run on a 60 plus sharpe ratio trading test. He is like you. He has the facts in hand and doesn't know it.
There may be a term for what you two have as a common handicap.
I have already explained in this thread that what I say is indisputable. Yet you two can't understand what that means and what to do as your next steps.
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danielc1
Registered: Aug 2002
Posts: 245 |
05-02-12 07:41 PM
Quote from jack hershey:
From your comments above and your trading print, a person who is used to mentoring others, can explain a lot to a person like you.
Blah blah blah.
See if you can keep the blahs I just gave you in mind.
They cover the objections you offered of the help I gave you. From my comments you now know more about what your problem is with your erroneous belief system.
So now you have another choice to make. Can you can the crap you tell me and begin to do what I say and repeat what I suggest over and over.
I looked at forty minutes of your activity in two kinds of CW markets. Cw calls them chop and trending. I was informing you of the difference. And I told you how to operate in each.
Lets just let it go at this.
You feel it is more important to be correct than to be rich.
Look at blowinski avoiding seeing his first practice run on a 60 plus sharpe ratio trading test. He is like you. He has the facts in hand and doesn't know it.
There may be a term for what you two have as a common handicap.
I have already explained in this thread that what I say is indisputable. Yet you two can't understand what that means and what to do as your next steps.
I know, I know, I would not post for a while. I promise this is the last one:
He, Jack, how about todays trade. I'm I getting close???
 2mei2012.jpg
This has been downloaded 100 time(s).
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PointOne
Registered: Dec 2006
Posts: 599 |
05-05-12 05:44 AM
Quote from jack hershey:
OTR charts are the best volume charts for watch turns and understanding how many partial fills and which harmonics (odd or even) are at play.
Jack could you please explain why knowing if the component harmonics are odd or even helps a trader?
And then how you do so and which is which (odd vs. even).
(I assume the difference is in the relative frequency (3 or 4) of what you term A/D - whatever that really is - again some more explanation might be helpful.)
I guess visually it shows up as the difference between price spiking and price "rolling over" more gradually through change (where you have second chances at getting filled) - but as I said that's just guessing.
(Maybe this should have its own thread?)
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ocean5
Registered: Feb 2012
Posts: 934 |
05-05-12 06:18 AM
Quote from PointOne:
Jack could you please explain why knowing if the component harmonics are odd or even helps a trader?
And then how you do so and which is which (odd vs. even).
(I assume the difference is in the relative frequency (3 or 4) of what you term A/D - whatever that really is - again some more explanation might be helpful.)
I guess visually it shows up as the difference between price spiking and price "rolling over" more gradually through change (where you have second chances at getting filled) - but as I said that's just guessing.
(Maybe this should have its own thread?)
it is useless as well as the DOM Wall.i took some time yesterday to monitor DOM Wall intentionally as i knew it would fall like dead.what i was able to observe was the bunch of Wall builders steamed rolled like pancakes.Too bad for them.'All in all it was all just break in the wall...' So Jacks stuff works when it work and doesn`t when it doesn`t, as any other default indicators.You will just waste your time studying it
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