haha. I guess it depends on a persons definition and perspective. From where I sit, I can say with full confidence profitable discretionary trading is not exact. From from it. But close enough, if you get my drift.
WULV JAMN - are the only possible fractals during the RTH. But is there any logic in their sequence? I think it`s as much impossible to expose it as trying to translate Finnegan`s Wake..Or?.... For those who unable the only possible way is trying to take market`s offer W J N A W V M U L.......................................
-Jack, can you hand me the blueprints, please? -What blueprints? -I mean the blueprints, those applicable to each letter, i want to add some to the 'W' letter, since it appears floated and incomplete in some cases.. -Ah..that ones...Here it is.. -tnx ROFL
This thread is painful to read. In fact I can't read it straight through, I have to jump around and throw up a bit after one of Jack's long meandering comments. Imagine going to war with you guys, there you sit in a giant circle looking for clues in the incoming statistics, looking, looking,predicting and ultimately doing nothing... sixty, seventy or more entries are made into a computer, all the while the battlefield remains the same. In all the going nowhere in this thread where is the one money making idea here? Yea the one time I popped in and gave you EXAS Exact Sciences as an investment. Folks who sit here and read this drivel could of just cut to the chase and bought EXAS and made a lot of money. TA and fundamental analysis does not have to be this complicated. One of the great mistakes would be traders make is buying too much crap. Selling too much crap. The chance for mistakes of selling a big winner gets bigger and bigger. Limit your ideas to four or five and INSIST YOU GET $3 or $4 out of the trade. Stop aiming for twenty cents or you'll all be singles hitters for the remaining of your lives. Like Jack. All this noise and stupidity. Wake Up! Apple represents 20% of the Naz weight now in ETF's... CAT does the same in the DOW. ETF's have ruined this market's infrastructure - stocks now move in unison. Track the leaders track the market. To get outsized returns takes a very special hand now. One must have one ear in open space. One must know politics through and through and Federal Reserve machinations. One must know first the general direction of the market and then secondly a time sensitive event that will take place within those time frames. Jack would call that a right and left boarder. Jack and I had our sparring session and I won easily. Yet here he is spouting on and on again and only one person has left a winning trade here- me. The idea is to make money right? Investing research is very much I imagine like surfing. I try to show in my threads the whole process of me thinking of an idea, coming back to it refining it, finding investments tracking them, charting them and buying them. Some folks accuse me of being too ' Black Box ' with my recommendations but when I read the threads through, there is distinct logic there. USE THE " SLL " METHOD! Start by reading the paper. Limit your noise and imputs. Listen to The EELS loud. As for Noha and his arc. Certainly a Noha did exist. In fact the idea of Noha is much older than the Old Testament. 2000 years earlier there is a reference in the Sumerian culture of Mesopotamia. They called him Ziusudra! I like that name better. As well the oldest book ever The Epic Of Gilgamesh (great Monty Python- title) a man named Utnapishtim (don't like that one) he was warned of a super storm and built a boat an acre in size. These are the dimensions given to Noha... that can't be chance. Six days of rain day and night followed. the only difference is the animals, I think god ole' Utnapishtim just took his wife and sailed to Bahrain on that big boat. Was the great flood then the rising of the Tigris or the Euphrates rivers or both? What may have happened is this rich dude got a handle on the weather somehow and built a huge ass boat and sailed away into history, he probably took a lot of his valuables on a large boat. Over time the Religious folks molded the story added the animals etc... However there was an arc... and it was big. If you like handed down stories Irish and otherwise, if you like old South stories told by slaves and Chief's telling townsfolk tales by the fire of an African sky then you know the power of reality that stands behind most tales. In the Bible Noah becomes a righteous man and is chosen by God to survive the flood (along with his sons). Interestingly, in the Quran Noah makes an appearence as " Nuh ". This is how stories make it around the world. Nuh is no slouch, he is one of the 5 prophets of Islam. In the book of Surah Nuh tells all the neighbors that they better change their ways. In each religion Nuh or Noah builds an arc and in doing so ENDURES RIDICULE this is an important part of the tale. Each of the Noah's loads the animals two by two. In both cases the arc eventually is washed upon a mountaintop: Mt Ararat in the Bible and Mt Judi in the Quran. The specifics of the arc have been challenged: In the Bible God says to build the ship 300 cubits long, 50 cubits wide and 30 cubits tall. That's about an acre in square footage. Remember the older reference in Gilgamesh has near the same measurement 4046 square meters. A wood boat made this size could not have survived the flood... but was the arc wood? Wood could not of been used to build up so high (300 feet) and be seaworthy but the type of wood has been called " gopher wood " many times in the Bible.. what is gopher wood? In fact there is no wood called Gopher wood and there never has been... most likely this was a slang for a wood alternative like bundles of reeds coated with a tar like pitch and that type of huge ship might of bounced around in a flood and saved quite a few animals. So Jack you see all is not clear cut. ~ stoney
This is a simple flow sheet for a beginner to use in trading dominant price moves. Two things determine a dominance price move: increasing volume and the particular sentiment (depicted as "color" on the flow sheet). W usually stands for "Win". Today (11OCT10) had about 10 beginner "wins".
Tnx,Jack. I`ve already painted in my mind something similar to the sheet. But confused with the provided IBGS box
the last two trades of the day are a good example. Instead of exiting out of trade "7" which was short, A person uses the "feedback" from IBGS after reversing and, then, holds through the whole of trade "8". On the attached you can see the pink ellipse where this all takes place. A "hindsight" chart does not take the place of the day as it unfolds. The flow sheet shows how "finite maths" works when it comes to trading as an "exact science". Cycles 6 through 9 will focus on adding more precision after cycles 1 through 5 have been used by beginners for the 60 days. Keeping a log combo for dominant segments and for showing the prints of trades is convenient for learning to trade.
(11OCT10) was kind of doji day that was the whole DU volume day. Where Volume spikes meant reversal points rather then continuation.I kind a figured that out that it was gonna happen from the beginning and didn`t trade at all...
This is bar 55 on a 5 min chart in yellow. (12OCT10) This is a volume chart set @ OTR for price. If you took the volume spike as "signal for reversal", then I guess you got a lesson from an "induction" point of view. This is P, V action for a 5 minute period expressed on a "volume kind of chart". Price delta is a constant if liquidity prevails. Obviously liquidity didn't prevail on the ES today. I put in the green line so you could see the doji level. This shows how the "minority controls". Looks like that 5 min bar was a: Spike>>>doji>>>>Spike>>>Spike....doji...LOL.... All coming out of DU land.