NICE! Thanks for keeping us posted MAESTRO. I certainly appreciate it. Here was my PM for those who may be interested... I highlighted the "W" which I usually don't notice simply because I trade the traverses of the channels that form "W"s or "M"s (ie. white lined channels on the charts). Very interesting. Behold, 4 trades for each leg of the "W". S->L->S->L. First leg may or may not have been successful depending on where you got in and also depending on whether your temperament allows you to HOLD for the unfolding "W" or "M". Second trade was the breakout above the support of Leg 1 or better yet a few ticks off the FTT if you seek such things... I always do. Perhaps today was just easier than most. I guess we'll just have to wait and see. You can see the difference between my left and right chart and how the "W" unfolded. The last leg (4), was difficult to locate on my left chart and fortunately I was within a few ticks when annotating the right chart. In other words, the FTT starting leg 4 was not identifiable for me on the left but was on my right chart. For leg 3, I noted volume widening the channel on leg 3 on the left chart but on the right chart, it only warranted a new point 3. It was very difficult to HOLD the entire length. "Are we there yet?" I ask the charts. The majority of the time the chart on the right usually screams back immediately "NO! HOLD!". It is certainly alot more comforting when both sides scream the same thing which for me is about 80% of the time. Any comments or did anyone note anything similar in their trendlines??? Admittedly, I do find most days alot more difficult. Apologies for the dual screen requirement on the attachment.
Makosgu. When you have read, carefully analyzed, tested and attempted to trade EVERY intraday trading concept posted here by Jack Hershey, Bubba7, and Grob109, you will know exactly where I am coming from.
NN. I am sorry, but as near to death as I am, I cannot be intellectually dishonest. Jack influenced my trading more than anyone else. Not Farley, though I do dearly love his cynicism. Not Graifer, though he is probably the most honest guru. Not Pesavento, though he is the nicest guru. Not even our dearly departed Phoenix. Of all the guru's, Jack taught me more things that didn't work than any other. But in my desperately sycophantic desire to prove him right, I paradoxically discovered things that DO work. Things that I would never have found had I not gone down the rabbit hole with him: "And when you go chasing rabbits, and you know you're going to fall, tell 'em a hookah-smoking caterpillar, has given you the call. Call Alice, when she was just small." I found the hIndu-ESe stretch-squeeze for NQ. I found synch for NQ. I found pace for NQ. And many things which do not exist in ES. All because I am perverse and Jack is a charlatan. And I found Wolfie. Mikey's second law of women is: "The ones that bust your balls the most in public are the most passive in bed." I have yet to experience with Wolfie Mikey's second law of women: "You never truly understand a woman until you have slept with her." But I am hopeful. "Was ever woman in such humor wooed? Was ever woman in such humor won?"
John, Itâs all one method these are all layers . Rule sets that bring you to, or extend from a central methodology. Being critical of Jack you are continuously striving to be right in everything you look at. The message to your self is that Jack is wrong. When you have the opportunity to learn something it gets filtered through the Jack is wrong script you are playing over and over in your head. Let it go. Take what Jack says to its logical end, add what you know, and move on. You spend way too much time blaming Jack but it is you who lacks the equipment to understand and learn. I donât really think anyone here wants to read what you think about Jack, Its not very productive. You donât have the ability to trade any better than the gifts Jack has given you and yet you have the nads to criticize him. You are using criticism to elevate your self above someone who is more intelligent than you. You have created a competition that only exists in your head. If you base your criticisms on the great wealth of knowledge you have about trading , why canât you trade? Eventually you will have to make a decision about the way you approach things if you ever want to become proficient.
The text below in blue is from page 60 and by icarus618. Here, he comments on the basic scope and bounds of getting the whole picture that I view on the table. Essentially there are a lot of topics that form the whole and, as stated, most of them have not been presented so far. This is because of my prior orientation to work in the context of where others are operating strictly in the context of a support strategy for them. What has been the result of all of this? And how should I go through the process of changing gears to lay out the whole picture as the better strategy icarus618 concurs would be of great benefit (growth in people). I never started at the beginning because the newbie ET posts largely have a class of respondants that start people down the edge road and secondly have a very heavy B type person component there. Also when I first contributed here the B types posted in a 4 to 1 ratio compared to those working to learn. Finally, I was removed from the ET when for a week I responded in kind to these B type losers. This thread has several revelations in it about how people see and do things. So I have learned a great deal. There are almost no detractors posting here as well. My conclusion is that I need to post a few "BLOCKS" of basic foundation type material. And I will dig up some refence locations to the universities that have been archiving my stuff over many years. Also I will try to get the statistical and programming work referenced from the schools, groups and corporations who have used the various stuff they have adopted. Over the last 50 years I have come up with constructs or tools or paradigms that have specific targets for understanding given aspects of market operation. I never packaged these but I did keep records on their refinement and use. All of this material can be massaged having a goal of delivering to others in as clear, concise and crisp manner as possible. By using a few BLOCKS of beginning basics, I will be able to establish a foundation that puts every one on the same page. Then I can dust off all the commentary I have done here (beginner the advanced beginner). Maybe something like a 200:1 compression for that effort. That will put us at the end of beginner level. For intermediate, I am going to focus on facility of trading, building the mind, and completing all the knowledge and skill requirements. The context that I will use for that is the combination of the market operations and the trader operations. This will establish "the absolute obligation to share in these two responsibilites". By the end of intermediate I will have used about 35 books as references which will help corroborate the knowledge component. To make moot "having to be right" as a focus on trading (as well as "having to be RIGHT"in general) I will look at the complex of intermediate accomplishments to deeply articulate how the "sharing" eliminates the possibility of the mind operating in the "having to be right" land ever. Expert level has but one focus. That is: market data. There are two paths to entwine for this effort. This format will allow for a person to see how to go through learning to use real time market data. Intermediate gets a person to knowing markets deeply and thoroughly. Now in expert, the cause is to "turn the fully known market on" and operate as a fully compentent knowledgeable and skilled trader. One path is "What and How to do" and the other path is "What and How NOT to do". By starting down these paths from the beginning I will show how they frequently cross each other at critical market turning points and how to avoid changing paths at that moment. I posted the excel "yellow brick road" a couple of years back as a statement of the potential achievable efficiencies relative to the various fractals. Where an expert operates is a choice (s). I have done a couple of trial runs on the extent, quantity, and the amount of time that is required for response by B types. It will turn out to be more trivial as time goes by. I really don't see any new elements of thought for consideration from that source at this point. Going to the levels cited above will be another barrier as well since there will be a lot of mental processing involved rather that just regurgitating. So I will try to impart a lot of info in the form of blocks. That will set the structure and scope and bounds first. Then the processes to use and not use in that structure will be built. finally, we can focus on how to deals with results and their improvement through two measures: effectiveness and efficiency. I am extremely indebted to a lot of people all over the place. My emphasis is trying to learn to transfer stuff to others. A lot of people have been very very helpful for that. Quote from Grob109: * * * Actually I did. The decision was the primarly theme The deal is to go from a descreet set of mileposts to a continuous process and look for "change". The sweep perview. -------------------------------------------------------------------------------- This is the skill without which there is no consistency of money making. There are some major blocks to acquiring it. E.g., How do you convey believing in the absolute obligation to share responsibilities with the market? How do you convey avoiding having a singular focus on any particular market data? How do you convey removing being right as a focus in trading? None of the blocks are in the data sets the market provides, including trendlines. It seemed to me that this part of the learning wasn't completed the last time around. If you would continue with this discussion, it might promote a lot of growth in people. -------------------------------------------------------------------------------- Quote from Grob109: I felt that we had to go through a lot to get to the base line and start to build. Personally, I wish that I were more able to hook up with others by knowing where they are. But now I am getting to working, personally, on just laying it out. -------------------------------------------------------------------------------- You've spent a lot of effort laying the foundation. Without chilling the discussion, what can we do to move to new territory building from what we have?
Uh.....Steve..... I do believe he's being sarcastic. Relax. Steve, have you ever noticed that the words "Jack" and "Quack" rhyme? Guess it's just a coincidence, huh?
Certainly not. There are a few sincere points in John's post. He knows this and they are evident. Let's move forward. A great number of posters are providing some very interesting notions without detracting. Merchant will assist if he is willing to be supportive. Do you care to posts some charts of your trendlines (as you have before)? BSAM, do you care to posts some charts with your trendlines? I know there are a number of "edgey" people judging by the number of chart reads but lack of responses. Savy is an exception. Either individuals are finding things dull or just refuse to share. It is their own choice. I just believe that collaborating is super supportive. Certainly individuals will always be protective and that is understandable. What is also true is that since we are not robots, trading activity will never be the same, hence my continued posts. In any event, Icarus, your mentality is being regarded as a cut above. Do you care to assist in moving things forward as Grob109 suggests/prescribes? I will always continue to be supportive and that is unlikely to change. As always, Kindest Regards!
I think you are entirely missing his message and are misjudging his screen "character". Secondly, what would be the point? Have you been reading ET long enough to figure out that if a person revealed a SUPER trading system, or a SUPER BAD trading system that both systems would get both "flamed" and "highly acclaimed"?? So, this thread is called "Do Trendlines Work?" The answer is yes. Of course, just to give a yes answer doesn't reveal the trading system that one needs to employ to make trendlines work. There's certain nuances that help determine when and how to use them properly. (Entry, exit, stop, etc., etc.) People often look at things just at face value and say this or that is impossible. One must dig deeper, but many are unwilling (a.k.a. lazy).....And I'm SO glad. Bottom line is: It's simple once you figure it out. It's the "figuring out" that sometimes takes a few years.
So you have no desire to contribute to those who say "NO!". You say yes but show no such support of why yes. I say yes and show what my support is for saying yes. It is like answering an essay question with a single answer and no supporting argument. Where is the support for your answer? Maestro, has gone above and beyond the capabilities of a godd number of posters. Now I understand the side you have chosen, and regard what I have done as "SUPER BAD" for my trading. That is ok. I wasn't aware there is a requirement on how much time must be spent on reading ET before understanding what ET is about. Are you a nurse/doctor or an inpatient? I have checked into ET looking to improve my trading. There are a very small number who join to assist those looking to improve. We are different for sure. Still Kind Regards!