BSAM. As you may recall, I am overly fond of reciting apropos lyrics: "You're not the Lawd! You're nothing but a fraud!" (Tim Rice)
Easy and Pas d'Absurtides. I am here doing my mentor a big favor. I am going to prove definitively that his intraday method is so brilliantly complex that it is untestable, and therefore remove my old carcass from his back. This is not a criticism. My own methods match that encomium. To wit, the first rules are: time>=session open (high of bar 2 > high of bar 1 and (absolute value (high of bar 2- high of bar 1)> absolute value (low of bar 2 - low of bar1))) or (low of bar 2< low of bar 1 and (absolute value (low of bar 2 - low of bar 1) > absolute value (high of bar 2 - high of bar 1))) I did not see a volume rule. I am standing by for further rules.
On page 100 I commented: "Don't worry about it. I am making a connection between the leading indicator (volume) and the price." You can see in the interveening pages that my commentary came to an end as a consequence of the subsequent comments made by the poster I initially responded to. Different people do different things regarding the market. One person might start his investment career by picking a title off the shelf such as How to Make Money in Stocks. You didn't follow picking books by titles. I do not know or care to get acquainted with you, so I am not. Your forte is applied maths used to find anomalies for some purpose or other. So what? It means that there is no commonality between our approaches. I intended and was beginning to use an approach of synthesizing the key aspects of making money in commodities indexes by just going through a regular day in the market and adding essential considerations once the prior considerations were understood. It turns out that this is not possible to do; I have just learned that from the person I posted to initially. I already knew 4 out of 5 people would not be interested either. With you, your example is there as a thing to comment upon with regard to a lot of topics. They generally speak for themselves. It turns out that a person can learn alot about the market by looking at a bar forming with respect to the prior bar. One reason that I chose to embark on the synthesis of the items with which you need to have facility was simply the fact that this condition in the market is always in existance. By going through a day as expressed in a chart constructed by an individual that I thought and hoped could consider my supportive comments, I felt I could provide the mix of stuff that would get him off the helter skelter course he is following. It was a simple construct. Anything but a set of rules. Anything but a trite exercise in finding out that trained professional maths people have not found their personal answers for the market's operation. What if a person could monitor the market and have an annotated chart that provides the complete and excellent basis for observing rationally and objectively the significant and salient factors of the currently forming bar with respect to the prior bar and the recent annotated and evaluated market operating point history? That singular condition of monitoring within the context of the price volume relationship of the market, profoundly eliminates the greatest percentage of commentary in the whole of ET. It turns out not to be possible for me at this time. For me, there is no one with whom to engage and there are many many people like you who are past the point of using their minds to build a method of making money. All I did here was observe a lot of people in various places on their paths. I admit I ws getting tired of seeing a person with great potential blow it. Unfortunately, I missed an opportunity through my lack of skills. The other bullshit that goes on here is just AGM stuff that characterizes the many B people in ET. I was hoping that the person still had a remaining capability to relax and just accept input that could be used to move aside unobtrusively some many errors of judgement that have accumulated. I thought, in doing so, he would be collecting some building blocks from which he could devise a trading method. There are many many ways to make money in the markets. One commonality is the part where the mind is built such as to have utility and facility. In life, what and where people get is of their personal choosing day in and day out. Unfortunately it is largely a one way street, meaning that a person does not retrace his path ever but always continues to meander along going ahead in time only. One person here states that I always say a given phrase each post and he wants to know why. The answer is that the phrase he always hears is the only thing that I say that he can still hear and even if I have not said it. In polluted waters, the diversity slowly declines. At the nearly extreme point, only one thing survives. The mind is the same. Long before that, what are called "abilities" begin to fail one after another. I am an example for sure. The older a person gets the less abilities he has beginning at a certain point in time. It was a neat idea, I believe, to go through a day in the market by using a technique of focusing on each bar as it formed (always in the context previously established). wwre it done in a manner to add (synthesize) an array of large, medium and small market considerations along the way, then a reservoir of knowledge, skills and experience could be assembled. But people assure me that reading is not possible and moreso writing is not any good in the first place. i made a request in very strong terms to stay of topic and I did it for the express reason that using a synthesis approach was to be a highlight strictly because that is how the mind works to add to its working capability. Getting to trading with sports memory is a real task. I like the Suns and most arizona teams. What I enjoy the most is sports memory performance. There is a crystal clear line between those with it and those on the outside. I sort of like seeing Steve Nash out fox the sports announcers. They do not seem to know that there is a person he is going to throw he ball to as they sit on their asses watching a lot of things Steve cannot even see. People who are tuned into "Guru land" got there somehow. What is the difference between the sports greats and "Gurus". Gurus sit on their asses with their legs crossed. MVP's come from a small group of people who definitely are not sitting on their asses. MVP's have one common characterisitc. They use multiple senses that feed their HIGHLY DEVELOPED MINDS and they behave to WIN. Gurus use a different part of their minds than MVP's. MVP's who use sports memory are on "automatic" like riding a bicycle or driving a car or riding a thermal up to the clouds in a glider or footing a competitor in a sailing race. Different sensory combos are in effect BUT the part of the mind that does sports memory has less than 1/3 of the steps that a Guru uses to think about matters. Why will people not consider building their minds? Why do the jerks in ET post silly incompetent strings of farts instead of considering the PROCESS of THINKING regarding making money. How can it be that a person thinks I say the same thing in each post? How can it be that I post about one bar reaching a limit based upon volume and the person cannot read that I spoke about volume as the leading indicator of price? ET so emphatically illustrates how people destroy their future possibilities because of how they let themselves go to an irrecoverable place mentally. Railing at me because of my views is a very unhealthy place to get to. There is no requirement to consider anything that I suggest that is for sure. There is, however, a personal responsibility that each person has to continually improve their mental capabilities as long as it is still possible. It definitely would not have been a mental liability to consider looking at pairs of bars across a market day in the context of what the market is saying to you. It is possible you could even get a glimpse of what sports memory is regarding making money.
I think to establish the chart above other "Filters" are needed. 1) One tick "exploration" of new high territory at pre-open and open sold pretty hard by profit takers for the strong week. 2) Upside volume just dropped off in minutes (seconds?) at open ---- intraday bulltrap. 3) Prior day's low of 1185 and only a quick "stab" before resuming uptend. 4) Selloff concluded at 1186 going into lunchtime, 1 point higher than yesterday's low. 5) Options expiry on a particularly strong daily uptend for the week. (i.e. doubtful continuation of am selloff in pm). Thanks to all who have contributed to this thread
Detractors... WTF! I know that deterioration is exactly what you want... Duard started this thread and I stand with him and several others in sharing and progressing our awareness as the market unfolds interim by interim. You cannot imagine the amount of progress it has made in my trading simply as a result of just repeating things. Of course, the moment I am out of the country, some fog lifting interesting matters arise. Contrary to what many don't mind, I hate sitting in fog that I cannot navigate through. Grob109, would you still be willing to address my upcoming response and Q? If not, then I won't bother since a majority of the time when I respond, noone else cares to address or respond and thus the post just disappears into abscentia and detraction either because what I ask can not be related to or even worst is in error... Kindest Regards...
Grob Dang. Ive been "monitoring" this thread all day hoping Mak would ask the right question as I, for one would give one of my testicles for a bar by bar analysis. If nothing else could you at least take us through bar 4.
Jack. I really don't think we are as far apart intellectually as you think. For example, we both have a fine appreciation for NLP. You will recall that Bandler and Grinder began with research on experts whose performance was so impressive as to be magical. They learned how to extract explicit operational rules from people who believed that they operated intuitively. That's all I'm trying to do in response to your posts. The difficulty is that I cannot observe you in action, and have to rely on your own testimony as to how you do things. And again recalling your NLP, they said that what experts say they do and what they really do are quite different. Mike.
The detractors are using AGM's (Attention Getting Mechanisms) just as children do because of their personal needs and a host of other demanding things...... anyone who has to operate this way is not capable of a sustained effort of any sort topically speaking except to make personal comments that reflect upon their personal struggles. I made a small request of you for a particular reason. The reason was that I did not wish to go off on tangents and forfeit the opportunity to actually deal with a topic that might really help. What I intended was to look at the market from the PRESENT and see how the market unfolds in real time using the chart you prefer. Who chooses what is going on is not too important usually. In what I had suggested, there was a factor there whereby if a person understood what I spoke about, then something could be built from there on. I respect your choice to continue your approach to working through what matters to you. You are continuing to do that it turns out. I accepted that. You may not know this but I did expect you to consider my viewpoint and consider that there may have been a benefit to you personally where the cost to you would not have been too high. A am not a dictator. But i was very firm in my request that you turn off, for a while, what you insist on doing that gets the results that you clearly see and understand. You see that the majority of the time when you resond to others that they are not, then, responsive to you. maybe you can see that I am capable of assessing where you are in this topical areas as well as where you are in learning, where you are in making money and where you could be if there were some changes made. I admire your persistance in holding to the course you are "walking". It is yours. I am not going to interfere. You are composing something for some purpose and you are thinking up questions to ask ET. Neither of these items do I want from you. What I was talking about was two lousy bars on a chart. I said a couple of things to set in motion a PROCESS of consideration of the market. I also ask you to refrain from going off topic as a matter of allowing YOU to keep focussed on what was going on in the market. The simple thing is that I wanted you to suggest to me that you understood what I said. The B people cannot understand what I write. Just look at the John Merchant bullshit he has layed out in this thread after I posted to you. I felt that if I could get on the same page with you in a simple way, then we could go back and forth a little bit. You have a mind. You are in a place of great great potential. There are millions of ways for me to say to you that it is a hell of a lot of fun to be rich as a consequence of using your developed mind in real time in a sports memory sort of way. There is an expression of how difficult it is to take candy away from babies. This, basically, is the problem and the level of the problem you are not presently facing because of your inhibitedness and my poor communications to you. I did not want a "response" from you. Just like I do not want any responses from B people. B people live in a different world than those who make a lot of money. I was simply hoping you could briefly acknowledge that you understood what I posted and that, furthr, for a while you would not go OT. OT means off topic, which means I am for a while introducing and conveying words on the topic I have chosen to provide to you. You need to do other things. You need to "respond" and you need to ask Q's. Cool. Very cool. You feel constrained presently because you are intent on doing what you want to do and you know that I have almost made it too difficult for you to continue to what you do. Almost. Not quite. You are going to persist in what you want to do or you are going to skip doing what you want to do if I tell you not to. Well, I am informing you that your "responce" is OT and your Q's are also OT. I am not saying this as a dictator. I am saying to you that you do not "get it". Your modus is ingrained deeply within you. It is at a level whereby you can not complete tests in the allotted time because you insist on taking tests not in the manner in which they are intended. This makes you a "handicapped" person. John Merchant is handicapped too. He looks for anomallies. Good for him as a handicapped person. I am going to digress for a moment. I am old and I lack health. But I am a person who builds stuff. I spent four months in an exercise in futility as a subcontracting corporation with a parent corporation to introduce a product. I learned to change products, recontract and follow my original plan with the new parent corporation. In one month, they have assigned a corporate executive to AZ to learn how to do what our corporation does. As COO, I get the job done. The first two days of operations, we exceeded their total money velocity of sales contracting of their entire AZ staff. In the first week, we upped our seminar capacity from 20 persons to 35 and now we have in the weeks upcoming an overload of reservations running at over 50 per seminar. Our closing rate for qualified product buyers is about 100% where there are two exceptions: the attendee has a comparable product already sold to them by the parent company or, second, they do not as yet qualify by federal standards for the product. The seminar is 3 hours long and I present 36 of them per month (I am there with other staff members, but I do not speak much because of physiological health limitations). Our company is the only authorized company in the US allowed to do the presentation on behalf of the parent and the parent company is three companies below Nugent Steel on the S&P 500. I am making a simple point. I gave you an contemporary example of "making the market" using a method that is top notch and unique. the method is deployed by staff who precisely know what they are doing. WOM is totally wrecking our introduction plan because we have been Tsunamied by almost unlimite response relative to our point of contact which uses a two week cycle in 9 locations for AM and PM three hour presentations. We have to double down in both cycle compression and multi room site capacity for attendees. So what could happen to a person learning to trade if he were to be flexible enough to consider learning about the market? You are not flexible enough as you have told me. You cannot consider going through a day in the market by simply expressing "I understand what you said" and I am not going to raise tangential Q's (any Q's at all as a matter of fact). Also I am going to refrain from giving you a "response" that I personally thought up after taking several days to consider 2 bars of the opening of the market. By now I am sure you have one thing straight. Learning about the market is not a GURU thing nor is it a book selection and reading thing. It is a PROCESS and that PROCESS builds in your mind one place or another what it takes to be very rich. The bridge from where you are to where you have the potential to be is a process. A process of building your mind to know the market, to have skills to play the market and to have excellent repeated experiences. From this you wind up in a sports memory operating condition that is a seamless continuous trading approach. 4 out of 5 people dissagree with what I am suggesting. That's where you are presently and you have expressed it three times in your posts to me.