I will respond by saying that however you set up the stuff on the floor, it is right for you to do. I will comment on Moz as well. Personally, meeting you and Steve and having two sessions was a terrific payoff experience for me as well. Our mutual goal is to pass forward to others all that they want for bettering their effectiveness and efficiency. That ultimately helps solve a lot of problems in the communities in which they reside. The job at hand is to clasify knowledge, skills and experience in the three risk levels of low medium and high. The single big reason for this is to associate risk with trading in such a way that real trading is carried out at mimimum risk at all times. By being able to monitor all market conditions and readily and automatically associate them with the appropriate risk level, we are able to be most effective and most efficient. It is more effective and eficient to only trade at our competence level and below than to trade all the time during our growth to expert transition. this means that we will be having a continuous appreciation of capitaland that the rate of acquisition is just the sum of low risk profits, medium risk profits and high risk profits as we come to the end of the transition curve and onto the operational part of the curve. Lets focus on getting things named and put in their respective places. Once we have a start, then we see where the voids are and where more detail can be added to the thin spots. The repetition of organizing is a good thing and a lot of it occurs during sleep when the subconscious organizes and reorganizes the full range of experiences that have been had. There will be a lot of waking up and "knowing" something that was on our minds in the near term past. I met at Rensselaer with an EMPAC admin and research staff rep on the subject of creating a multi disciplinary/multi media package that can take a person through a fast track learning process to build the mind to an expert functionality level for this stuff. We can do the manual version here in the next several weeks or so. I will get back to you here on the basics of topic arranging.
Love those inside bars. I find they work well for trend reversals inside of an oscillating market. How do you filter them in trending markets? Edit: Looking at the chart tag, looks like it's someone elses chart you posted. Any insights you offer?
Hi Icarus, You have typed a comment on the chart that monitoring display is missing a major market variable. Are you referring to volume or something else? Thanks. Happy trading.
mhashe, As you know darn well, Icarus just got chased away from the pivots thread by your guru Lefty where he had introduced this marked-up chart as his commentary. Icarus withdrew the chart but was asked by another poster to put it up again. He re-posted it here. Your comment is a rather slimy one.
I use trendlines and inside bars to trade intraday price oscillations and I follow this thread regularly. I was under the assumption that it was posters chart. Only later did I realize that it was Leftys chart and apart from the assenine "lol", the poster has nothing further of value to add. I don't like mudfights since I like to use my time in a positive manner. But I felt your post needed to be addressed. Have a nice day
Hello mhashe, If you have time and if you don't mind, would you post some charts showing these inside bars that led you to a trade. Personally, I think that the inside bars/contracting candles combined with additional technical analysis are one of the most powerful tools around.
Ah, yes, inside bars. Whoever first suggested that they work should be BEHIND them. The idea doesn't test out as a standalone idea. And once you add a second test, it isn't testable at all.
Yeah, they are a nice clue with discretionary set ups. I never really thought about using them in a system. I'm sure it could be done though.