So get out sheet 10 and read it. You are going to get warmed up pretty soon. I took you over to bar 19 in my prior post.
Allright.... here is my first attempt at filling a Cycle 1 log. I think the best way to describe this experience is: WTF!!!!!!?????!!!! (a BIG WTF!!!!!). As Jack noticed correctly, it took my already four days just for two bars and now suddenly I'm doing everything in realtime. You are sitting comfortably in your chair and the next moment you are struggling to stay on top of that wild horse that wants you on the ground (to kick your ass) during a rodeo. The time it takes to look at volume, look at price, realize what you got, then look down on your sheet, find the right column, think where you are in the flow chart, write it down, hit sell or buy, etc. in that time price and volume did already ten different moves and what you had at the beginning is no longer valid. I can imagine that while watching the chart you can mentally say the position in the flow chart to yourself and react but writing it down makes the whole thing (nearly) impossible. Just try it yourself. Apart from that the other difficulties were: 1. Find the right position in the flow chart (in realtime). That's simply a matter of repetition (if the understanding is correct). 2. Those M-N-Pass-Fail-Pass-Fail... sequences. According to sheet 10 you only do this once and if you have to do it more often you exit. 3. I somehow seemed to be stuck at A because I HAD dominant volume but color never changed after I had to exit the bar before. Here is the log for the first bars...
Super first shot at following the flow chart AND logging. Your comments above are an excellent example that everything is jelling for you. we noticed in Tucson that everyone learned the nodes in a couple of days. When we made the pywood board so we could all use our lasers on it, making it taught a lot too. When we expanded the folw sheet to about 60 inches by using sheets 2, 3, 5, 6, 8, 9, and 11, then we found those pages had plenty of room for note taking. I see you have digested sheet 10 the explanation of sheets 8 and 9 the DOLI process. There is nothing boring about trading since so much is going on. You will find that your mind builds very rapidly and the nodes work in harmony with the pattern and its order of events. Finding where you are on the flow sheet is done by following the arrows. Most people redo the flow sheet to their liking. I should put a few of these works of art up. It takes about 4 hours to customize the nodes to make a sheet to facilitate the logging. Your two sheets look like a sheet of a person who has already worked a week or so. What this means is that your prep on those two bars & and 9 paid off. because you already can annotate the pattern, the merger with the nodes will be fast. One great thing about this time of year is that the market does nothing. this means logging is particularly painful and fast and stupid feeling. BUT it makes it so much easier when the wealthy come back form their holidays. Great start and you will get accustomed to the logging vocabulary quite fast. B is the jumping off point to F and F either takes you out on the next bar or you hold on R or S then go out. I see that you are really catching the DOJI's and getting the PASS down too. I see you also found out that the color change on F is important. you will get into therythm, soon, for sitting out the non doms on B and then during midday using the C for waiting. The C waiting is cool since you have to meet the G conditions. This is set up for getting you rolling on the PM settlement market BreakOut. during this time of year the Funds are altready settled in for year end reporting and are not handling much "new money" since it I not available. The WTF expressions are good emotional nodes. they point out to you what you deem to be unexpected. getting over having the unexpected corrects the three major shortcoming of the tradier. See "BF or BS" on the Behavioral Finance website. There you see the words: overreacting, underreacting and irrational reactions. Expectations lead to porr reactions. The flow sheet will convert you to "anticipation" since you have discovered there are very fewplace to go to when leaving any particular node. As we introduce more and more exacting cycles, you will really notice how much faster and more accurately your mind works. when you get up to speed you will noitce you think and percieve at about 4x time the speed of human speech which is required to cover the flow of observations. Its like drivng a car. Once you get to a skill level that is passable you do not "react" but you DO "anticipate". We are headed to Black diamond skiing. I remember my daughter taking 4th in the Canadian women's combined her Senior year (form VI) in highschool. Trading is the same; the mind at a young age can handle black diamond level trading. Drills get it done. Annotating the order of events on the pattern merged with the nodes of cycle 1 and cycle 2 is all it takes to drill your way to expert. We do throw in a lot of leading indicators to make the trading very exacting. Work up to full days of logging. this is about 20 trades a day.
Folks, this is hugely dangerous psycho babble. Use extreme caution in trying to implement the hazardous material. It's truly nonsense couched in some bizarre flowcharted world view of a faded genius. Utilize discretion it's your money.
There was some debate on the exactitude of different styles of trading. We do PEP and its applications, PVT, SCT and SSR, as binary vector decisionmaking under the routine of MADA. Here is an SCT cheat sheet that shows a series of columns realtive to three considerations: the market, behavioral Finance and Making money. Making more and more money is done by applying the same MADA experience. At the bottom you see that compounding is the principal key for making money. Behavioral finance dictates that two types of events are handled by traders: continuation and change. By leaving reaction trading and going to anticipatory trading the three handicaps of people (overreacting, underreacting and irrationalty) are taken off the table. Skill milestones are passed and a trader does get to the trading style that compliments market events: the hold reversal skill level. Hold endures as long a continuation prevails. Change is a brief moment for reversal as the market sentiment AND dominance changes. Most people do not understand this is a conjunction (two things are necesary at the same time) At the top of the chart are the two market rows and they come down to the sentiment and the order of events of the pattern formed by a parallelogram deductively. No other pattern is possible in the contect of a granular market. Inerlocking fractals in a three to 0ne pattern ratio result.