OK, I looked over the link that Nkhoi provided. Now I'm waaaaaay more confused than ever. Jack talks about adding/subtracting 2 and 7 from something. He talks about numbers ending in 0 or 5. He speaks of trough/peaks (that sounds like pivot points to me) and then also says to take reading every 7 1/2 minutes. My apologies to those that "get this" for asking the same thing again. My sincere question still stands: can somebody explain in precise, unambiguous detail, exactly what a stop log is, how you determine what you log, and how specifically you use it. I have really worked hard to understand this stuff. I've spent scores of hours printing and editing and thinking. Every new post and I'm more confused than before. Can anybody help? Sorry about that. that came up a few years back and the post is on the DJXX. It is a 10 point oriented operation. Here is a short statement to cover things. Stops are best set up for protection. You do not trade using stops. the market moves in patterns and there are values that relate to participants that are more important than other values. If a stall occurs (A stall is a block of bars about a few minutes longer and each bar resembles the others), then you know there are a cluster of persons associted with those values. The volume tells you the interest level. The boundaries of patterns thus formed, are influential in near term future moves. I recommend that you keep track of these values. I have a log. It has numerous columns. In the top of each column, I enter these numbers going downward. numbers occur over time and they go up and down. Below is a chart with wite spots and dashes of such values. This is the thrid post today. Make a vertical list of all the values as they occur. Note they are boundaries of formations. Note that if you go to 1 min you get more of them. Start at the top of the list, See when a retrace of the primary direction occurs. The direction is down (smaller)., I cross out numbers that are retraced. The ones left all go down and each one is smaller than the one before it. You now have a descending list. We circle a number back from the last one by counting back. we have a rule for how far to count back. When C&R time comes we use the circled number. you may have more Q's. The rule for count back is based on how fast the market is oscillating in a period of time. We use slow medium and fast. The count back is 4,3, and 2. You have notes and you can see the list of speeds. I do not want people to be tripped up by scalpers if they are around. we offset the stops "away" from our hold value. The decimal point in a value is followed by 0,1,2,3. 0 is no quarters; 1 is one quarter, etc. I say plus one tick after 990. 990 plus one tick. That is 990.25. I write it in my log as 990.1. Viola. I am glad you got confused. It is helpful to me. To get stop logs straight is very important. To work on all of this is important too. You have my attention. this post will help out. Color=green]I don't understand that part either but that is a ok you don't need to know everything at the same time.[/color] we were offsetting "away" from 5's which are landing places for most DJXX trades. I didn't want scalps on those values. We crept 2 points further away. As you say it is not too important; it is just there to brush the flies off a little bit.
Generally, I hope what I do here is corroborated by others and I hope that what you take with you fits into what you are doing as an approach. Another way to say it that is less pretentious is that I hope my stuff corroborates the things you use from others. I am using STOC here because it came up in a thread and coincidently most stuff on STOC doesn't work well as it is presented. Berstein does good stuff. I do have the successor book to the one referenced. I am not using his stuff to present my views here. Others can tell you if there is a fit. To comment on the post (it was removed because of crap in it). If the poster sees a similarity between any two approaches and can articulate it, the poster is not an idiot. If he has determined that he is an idiot, then this is a conclusion that grows out of a larger class of occurrences. In this case he is identifying with a person who is having the same kind of trouble he is. What he is doing is reading what I post to learn. He is learning and not asking questions except when someone else goes first. He definitely likes to sit in any row but the front one. Quote from nwbprop: Thanks a lot Jack. This has been a great and fun experience. I just had a few questions and thoughts about today. What do you mean by IT term fractal considerations? I am guessing that IT term means intermediate trend. What signals should we be looking at for low volume trends. Todays stoch sequence for low volume trends = fast line stoch entwining the slow stoch 3 or 4 times above or below the 50%line. Next time when i get that point 3 on a low volume trend, i am going to just do it and enter and wait for that flaw to pop up. I have noticed that during slaloming, prior to the vdu, price makes a push to support or resistance for a failed BO and is accompanied by a big volume spike(1 min chart, buyers and sellers switching hands at failed BO point). I have been using the volume spike as the cue(signal instead of vdu) to take the reversal slalom. I usually get a better print and the vdu usually comes within the next few minutes after the volume spike. Is this incorrect thinking since vdu seem to be the key? I want you to settle down. This is a positive comment. The short fast paced trend today was not busted at any point. The VDU and right line BO ended it. The indicators corroborated the ending. The VDU says "change" to intermediates and above You may never slalom until your flaw card says "change". Make up one that says "failure to transverse from right to left." On the back write "Change". beginners are already out. You reverse out when the word change is in your hand in the card you picked up. Alright Jack, ill settle down I just got a little excited as i had my best 2 days ever, 15 pts today and 14 pts in yesterdays slow iceberg(slaloming). I am getting flaw cards tomorrow morning before the open. Again, i really appreciate the thorough effort and time you are giving us. Its making a big difference. I notice some people are pulling down over 10 points on 1 contract. This reinforcement you are getting should really affect your attitude. Do not start swinging harder. You are hitting the ball just right. Get a little bit more conscious instead fo thinking about taking more actions. Deepen the reasons for what you are doing. Splice in an extra signal between reliable ones and such. You do not get any better at anticipation without going deeper. Deeper makes it more KISS. There is something about nailing over ten points for a few days that "grows" a person. We do not have goals but we do have better performance as the market potential allows us to have it. There was a "push "at the end of the day. the sync will be more dynamic tomorrow. Be prepared to enter on the sync. brackets are good for people beyond beginner. Get the trend points. and ID another flaw and note on the back what to do. If a personal situation comes up. Just roll thru the four steps and go back to monitoring with a focus. Have another good one. Posted by oddiduro on 07-17-03 06:23 AM: Working on flow chart I have started working on the flow chart, and I need to clarify something. On a failure to traverse heading into DU, should we use the 1 min MACD XO or the 5 min XO to tack into the new trend? I seem to have gotten this muddled somewhere along the way. This needs to be a flaw card. Get out your chart from yesterday. Look at the signals when price fails to make the traverse. It happens after a rocket creates its 2nd pt 3. By looking at your 1 min chart at this moment of time(failure to traverse), you will see what the optimal point is to tack into slaloming through CCC. The hint is looking at the VOLUME. Hope this helps. Posted by CrescitEundo on 07-17-03 08:20 AM: chartingsoftware My software "First Alert" has crashed in some manner everyday this week. I was hoping someone could recomend one that they rarely have trouble with, maybe a web based one. One that works well for this trading method. All imput is appreciated, I know this is off topic so feel free to PM me. Thanks Posted by nwbprop on 07-17-03 08:38 AM: My First Alert Server also crashed today so i did miss the rocket . I hope everyone else is catching the short rocket though. Quote from icarus618: Hope everybody caught the rocket and that you're still in. You know what to do. Seeing that we broke IT support, today could be a great day (bad day for longs). Let's make money. hi Icarus, Where was your entry? I don't show an entry until 10:10 and thus would be sitting in this current congestion with a small loss unless you bailed early. Am I missing something? Also, what is "IT"? Entry was 989.50. I'm not sure what you're missing. I'm still in. IT = Intermediate Term Posted by nwbprop on 07-17-03 01:13 PM: Just had a few questions regarding today. In the attached chart we had a short rocket with the first pt 3 made, the stoch then busted through the 20 not creating a 2nd pt3. It then created a iceberg short by bouncing off the 40 line. The flaw that was made was that the volume wasnt increasing. It was more like a low volume stall than a short iceberg. due to the low volume, should we have stayed in short for slaloming? I ended up exiting early and getting long as a failure to traverse. It then ended up being a iceberg long as it created a failed rocket on the long side. i took a short on the rocket failure looking for 20 minute interval slaloming. Is this correct thinking? THe one minute is attched to this post and the 5 min is attached to the next. The 5 minute is a little sloppy and confusing, my apoligies. The 5 minute chart corresponding to my last post. Again, this was a little sloppy. sorry. a 15 min chart I was hoping someone could post a 15 min chart. I lost my data when my system crashed and I would like to see what the 15 looked like this morning. Thanks Here you go. Bundlemaker, thank you, just about what i thought i would see, much appreciated. Bundlemaker, For entries on the rocket, i use the peak of the 1 min macd or the 1 min macd xover as entries. If i miss these 2 signals(rarely) and the stoch enter the rocket zone w/ the price taking off, i will use the continuation strategy(enter, exit). this should help. dawg, where you been? i look forward too the daily journal but have seen an absence lately. Hope everything is going well. baggerlord, icebergs are exactly the same as rockets. the only difference to me is in the width of the channel. Therefore, when you have created pts 1,2, and 3 without the 80 or 20 being taped. You essentially have an iceberg. Slaloming is riding each traverse in the wider(iceberg) channel. You could from a theoretical point of view, slalom the rockets, but rockets are so fast that the money made slaloming from the left channel to the right does not warrant it. Everything that i have said has been posted in prior posts. If you go through them thoroughly(>4X) and do your research(let the market show you through *******SEQUENCES), you will come to the right conclusions. I was hoping that soon we could maybe focus a little on how experts slalom the market. More importantly, Just looking for those sequences(deeper detail) in slaloming. This is a turning point for many people here. The request to go to expert is finally on the table from people who are working their hearts out on this to gain experience
Posted by dawg on 07-17-03 08:45 PM: Quote from nwbprop: I was hoping that soon we could maybe focus a little on how experts slalom the market. More importantly, Just looking for those sequences(deeper detail) in slaloming. Me too, how about it Jack, do you think we are ready? Posted by oddiduro on 07-18-03 12:08 AM: Re: Re: Working on flow chart Quote from nwbprop: Get out your chart from yesterday. Look at the signals when price fails to make the traverse. It happens after a rocket creates its 2nd pt 3. By looking at your 1 min chart at this moment of time(failure to traverse), you will see what the optimal point is to tack into slaloming through CCC. The hint is looking at the VOLUME. Hope this helps. That's what I thought, it was the 1 min XO. Thanks, nwb Posted by nwbprop on 07-18-03 07:03 AM: Re: tomorrow. Quote from bubba7: Deepen the reasons for what you are doing. splice in an extra signal between realiable ones and such. You do not get any better at anticipation without going deeper. Deeper makes it more KISS. As i was thinking(probably too much), i realized that Jack layed out exactly what i should be doing now. I am not going to swing the bat any harder, i am going to deepen my reasons for what i am doing. Therefore, Jack, please disregard my requests to focus more on slaloming. The sequences will lead me there. Thanks. Posted by bundlemaker on 07-18-03 10:11 AM: Ok, maybe I've been confusing stop logs and C&R. I thought they were the same thing. Does this sound about right: record in the stop log continuously any and all important price points (like pivot highs/lows or tops/bottoms of bases). This is done on the trading fractal (usually the 5) and as you get better take the readings off the 1min. I seem to remember Jack's word "copiously" being used to describe this. Then, every 7 1/2 min (or whatever you determine the 1/2 cycle time to be) do a C&R based on the stop log value. The value used depends on the pace, circling a value so many back. For example, in a rocket, circle 2 values back. Any specfic comments on how/why you determine the exact frequency to C&R would be much appreciated. I wouldn't keep beating this stoplog/CR to death, except that I recall Jack suggesting this process is critical to performance. Posted by bubba7 on 07-18-03 11:59 AM: This is a very excellent and powerful commentary. The mecahnics is right on except for the 7 1/2 minutes stuff. I was using a highly mechanical example when that was written in support of an alternative to the poor scene at Misc.invest. futures. The focus on ES emini is to periodically update (C&R, (cancel and replace)) your protective stop. There are two factors: how often to do it and how tight to make the stop. You look at formations (mini ones) to see the cycle or peak or trough frequency. Use that to move (C&R stops). Slow medium or fast. I am not being too helpful in some ways. I am asking (forcing) you to "see" these paces. And most important to develop a personal rythm which always matches the market. We know that during a day the market pace changes from faster to slower to faster. Thses are the three parts of the day. It is a trifocal thing where you do not see two demarkation lines among the three zones of focusing on pace. You "see" the pace; you maesure the timing; you write across the landscape columnar sheet the times for C&R; further right you may have to erase and widn the durations between C&R; then later you may have to erase and shorten again. I use two to three landscape pages a day. Slow is 4 back for circling. Medium is 3 back and fast is 2 back. People here suggested that you pick a duration and count the peaks in that duration to get slow, medium or fast. that is terrific too . Logging stuff relates to about three major things: Protection; sequences; and your "personal situations". If you find any more important things in making money let me know. Therefore, you have to recognize how important it is that you take the time to do the series of posts you have done on this topic. It is hard to think of anything more important to do. When I compliment people you will see it is rare. I do want to be procative and creative. to be able to keep quality communications moving along for many months comes about by one singular thing. Work. People here work and work and work. This is a process. Now we are at a point where there are people pulling down a good portion of the market potential. we are sometimes approaching half. Several early whiners were stating that back testing stinks, getting 2 to 3 points a day (50,000 a year per contract) was a moon shot. Lots of other noise too. The fact is that people who have worked, now have the capability to trade multiple contracts (five is very comfortable number) and sometimes bank 10 more or less points (500 bucks per contract). There is no doubt in my mind that we are getting to the hal-way point and for 5 contracts it's 5,000 dollars a day. At ET there are at least five other methods rolling here that pull more than this. I can, song and dance, outline those just as well as this stuff. One of my hobbies is tracking hot stuff and adding some bells and whistles. Here, because of other's posts, we have a broad foundation that is clearly articulated in the words of many people. This powerful effort has taken months. You will see that many many quality snippets are all around that can be blended into quite an assortment of good basic approaches. This is only possible because people stay at the plate; swing at the pitches with a variety of strategies; and most of all they deepen their understanding of each and every part of what they are conscious of. They work. Work is a process founded on increasing consciousness and knowing that you are learning correctly. This is an asset that can never be taken away from anyone. People here over and over give to others. These gifts are given to help other achieve results in their work. Everyone here is at a point where you have the capability to begin to add a wealth- building stream to your family life cycles than approaches your professional capabilities. A year from now I will have set up a way for people to do all of their family life cycle planning in a way that is at a level of excellence that will eliminate family disruption in every way possible and at the same time will build wealth in an optimum manner. I have studied family life in US, France, Italy ,Germany, and England. I conclude that 70% of families have disruptions and their average lifestyle decline is 40% as a consequence of disruption.. I also conclude that that the disruptions may be handled and that no decline in life style is required. All that is required are comprehensive ways to dealing with protection, savings, and growth of wealth. ET stands for Elite something or other. My orientation to this place is that people here represent an elite cadre of people. I believe you get to elite by BE DO HAVE. I know how to make millionaires. 30 intervals of compounding done over time get little comparable result in the first 10 intervals. the same is true of the second 10 intervals. The last 10 are where the action is. what you have seen here is getting the first 10 out of the way with rockets and flat wash trades. Icebergs work for the next 10 quite well. When we go to the last 10 we have everything going for us. I am expressing the concept of accelerated money velocity. In a year of so you will deal with about 30 financial interrelated considerations that totally define the economic systems of the countries above cited. It is not sufficient to deal with LOC's (lost opportunity costs) and tax stuff. I am going to take you to a lpce that every dollar that gets on the table automatically becomes worth several present value dollars. and we will apply those dollars as if they had been compounded for 2 10 unit increments and they are going into the third 10 unit series exactly when they appear to be available. I know from experience how to institutionalize change. It is done with elite people who are proactive and rich. Being elite comesfrom within and it is an attitude that conveys excellence of character. Here we are enjoying presently, a critical mass of elite type people contributing to the well being of others to learn to make money just using the ES mini in a market place. Once you are nailing 5,000 bucks a day for 6 months using all there is to use. You will notice that there is a braoder picture in life. With multiple contracts and rockets you can nail 5,000 a day. With icebergs its better. When I set you up with the economic skills to handle accelerating money velocity in every aspect of protection, savings and growing wealth, then you are going to be very contagious. The world is going global. As dissruption is eliminated, the quality of family life cycles is going to be greatly enhanced. I do not like the idea of reservists having their life plans messed up. THe next year or so is going to fix some stuff, through the word of mouth type phenomena that the global electronic system affords us at this time of the world. In a while after this is really canned on the expert level I'll introduce the concept of accelerated money velocity. then we can start fixing stuff all over the place.
Posted by colina on 07-18-03 12:07 AM: fractals fractals fractals What is the assessment of the current IT channel in play ? Looking on the 30 min chart, I have a long channel drawn in using 7/1 morning , 7/7 morning and 7/10 afternoon as points 1,2,3 respectively. I noticed that the trend failed to traverse to the lt line 7/14 which started a narrow (intermediate term) IT channel using 7/14 afternoon and 7/15 morning as points 1 & 3 repectively. 7/16 the long channel rt line broke. (what happens on a microscopic level happens on a macroscopic level too - kewl) Posted by nwbprop on 07-18-03 01:11 PM: Just a few thoughts. When i slalom an iceberg, sometimes on the higher money making slalom, it turns into a rocket. Before, i would exit and try to slalom the other way. I will now give the rocket the benefit of hte doubt and only reverse slalom when the rocket fails. Posted by colina on 07-18-03 01:56 PM: some beautiful combinations There were some real gem vdu/inside bar setups also..... 7/16 - 11:15 7/18 - 12:10 color=blue]Quote from nwbprop: Just a few thoughts. When i slalom an iceberg, sometimes on the higher money making slalom, it turns into a rocket. Before, i would exit and try to slalom the other way. I will now give the rocket the benefit of hte doubt and only reverse slalom when the rocket fails. exactly how i try and approach...slaloming and then turns into a rocket...give it more room b/c that is when a few points turns into a lot of points...today/afternoon was a good example. so its a lot of back and forth then bam rocket and let it ride.[/color] Okay this is all to the good. These posts show that people are staying loose as gooses. You have the ability now a days to do anything and you make points when you do . you are doing well to see no flaws and seeing the pace increase for the first times. Here is the situation. you see slower paces and you stay tuned to fast pace possibilities. You take the $$ out of the slow paces and then as you see the rocket (fast pace pick up in pm, you jsut move into the faster pace and stay with the ensuing trend. What has been going on for months is a very very good am to midday functioning. You let things slow down usually on VDU's or failure to traverse right to left and then go into the CCC slalom modus. The midday to pm moves are from slow pace to rockets or to higher volatility laterals. These, (HVL's) can unfold as up to three moves to slalom. We will ease into moving from midday duldrums with bracket enties as a rule. You use the stop log to get the centering, and the distance to offset the bracket tools. All three values show up on the stop log. you can circle the centering... then box each crossed out bracket above and below the center. You look for the rokcet going into the bracket. Bingo. Next you are logging stuff and looking at volume. The volume tells you whether the rocket will fail into an iceberg and there you hold for the iceberg to continue a slow trend in that direction. You also look as a beginner to do a flat exit. Experts can slalom Icebergs. I have not let experts do slaloms on bergs before but some are stepping up to the plate to pull more cash out by treating the iceberg as a "change" modus. Look I do not want to ever cause confusion. what I am saying is stay on the lesser expert level and be thorough. Pull the cash that way. If you are loose and ahead of the beat at the plate and you know how the pitchers strategize, then you go into "slalom" for icebergs. You MUST build co0nfidence from repeated skill usage. Dawg is saying something really vital here. He is posting only new stuff. He is in a groove for sure. He is seeing stuff he hyandles with skill and automaticvally. Dawg is pulling money all the time now. The IT is a "long" trend. It is the carrier upon which our rockes icebergs and slaloms ride. This is a big time notion. You are finally getting a multi fractal picture on your screens. The IT term is days and days long. If we test the S or R which is tipped according to the IT channel, then a lot of energy is involved. This means big time that if BO's on IT occur, you are going to really clean up. It is not common anywhere on ET for anyone using any method to "feel" the CARRIER. the carrrier gives you another major thing. Get this down right now since we are really on the ball. the long/ short ratio of durations for rocketsm, etc. , affected by the slope of the IT trend that is the carrier. If we have a strong IT trend carrier the ratios will be higher. so you groove knowing one of the two rocket directions is definitely longer than the other. when you see similar lengths for both, you are in a saucer turn on the IT trend. When you have head and shoulders IT trend reversals, then the odd harmonics prevail on the IT carrier. when you have double bottoms (tops) even harmonics prevail on the IT carrier. Okay just soak there for a minute. If you are grooving on the beginner level let all this stuff go out the other ear. If you are feeling that you have time on your hands as you make money, then get ready to digest all this carrier stuff for IT along side of making money. What everyone has on their hands now is that all of you are breaking into new money making territory. I am a person who happens to have it all down cold. You have not been in a place where I am. This is just the way it is. Guys like W. J. O'Neil's protogege's have had the experience of days of me performing. They get to see nuances too. Yesterday about 25 people got to have an experience in the realm of money velocity acceleration for about 8 hours. Throughout the next periods of time, you must be ready to handle other plateaux (this is a plural word) of thinking. I do 8 of them. We are nearing getting to half way through the first level of expertise available. You recognize stuff. I am the person who swiftly amplifies what you recognize. When Dawg says he is seeing stuff in a routine manner, then I see that we need to be sure dawg is pulling 3 to 5,000 dollars a day out of the market.
Posted by 1contract on 07-18-03 03:42 PM: Jack, You have mentioned "harmonics" a few times. "When you have head and shoulders IT trend reversals, then the odd harmonics prevail on the IT carrier. when you have double bottoms (tops) even harmonics prevail" Would you explain what you mean by this. Posted by bubba7 on 07-18-03 04:15 PM: Experts. At ET there are a group of lurkers (positive statement) who are experts and it turns out they trade a variety of entities. This group explores a few anomolies here and there with respect to these entities. Some exchanges (like sidney) provide additional indirect data that corroborates what's happening. The direct data experts use is price and volume, and price formation are an extension of direct data. Also experts pair fractals continually for their sequences in order to deepen their decision making. Making money is habit forming. Making money at higher and higher money velocities is a dynamic process that is usually only impeded by "personal situations" that arise from history. The compound interest phenomena noted in nature by John Napier of 2.7xxxxx fame and in theoretical physics by Einstein in relitavistic and non-relitavistic theory all tell us that the end is muchmore important than the beginning. For people going from 35 to 65 can be broken into three 10 year groups. the first two periods of compounding for ten years do not yield much. years 21 through 30 are big time. I am using ES emini to skip the first 20 years for everyone who wishes. I did it using stocks in the late 50' and early 60's, when it was a little more out of the box than nowadays. what we do to get there is as follows. we make money on beginner, and intermediate levels. This is not a paper trading exercise. Until you do beginner with money you haven't started. We are looking at 30 years. And within the first year we set a pace of making money that includes beginner and intermediate. This slug of capital gains is what goes into the 30 years of compounding as one value. After we get intermediate out of the way, then I can start to replace the first 20 years of compounding that doesn't do much for anyone ordinarily. There is a thread here on startingwith 40K to do whatever somewhere. The participants as a group are not in the elite modus; they are figuring out other stuff for a while. The actual economic thing that is needed doing is to accelerate money velocity. We have to make each dollar available do more than a normal dollar can do. I am going to explain it in one sentence. We will build a carrier system to do compounding of compounding of compounding. Carrier 1. The IT. Carrier 2. Icebergs. Carrier 3. slaloming. experts will inherently do a triple cpompounding. We all are also leveraged with our dollars as another accelerator. Where is this done elsewhere in the financial industry now? I do it with wealth building all the time for families. For example:. For 30 years: Run a 50,000 CD at x%, ETF the interest into 250,000 UL(not indexed) at below MEC to pay premiums.. I pick up the marginal tax savings on the tax a nd it goes into a mutual fund in a 401 Tax deferred (59 bucks to 4K bucks over 30 years.). The wealth building in the UL (tax deferred) is rolled into a qualified vehicle that goes to the next generation and the deferred tax is eliminated. I do the same for the 401 qualified rollover into the next generation. If all the above was previously a moronic half of "buy 30 yr level term and invest the rest in a CD"; I use the term payments (12,000 application) into a deferred application and roll the deferred ( to eliminate paying it) into a next generation. The former LOC on this (33,000) just goes to the estate. Here you see three levels of capital compounding too. Before the term policy and the 50k cd netted 40K over 30 years and the combo that replaces it generates over 400 K net. This is making all the 30 years work by getting new dollars from the get go. You see straight compounding of capital level 1 You see building capital by deferring payment of taxes and then not ever paying taxes. level 2. You see LOC recaptured any way desired. level 3. Financial planners work with needs and goals and they make the 40K I work with effective use of resource and efficient wealth building as all the rules change in the country every year that goes by. the basis of effective use of resourses (putting them in the appropriate place as the rules change) and eficiency stuff all combined is known as money velocity acceleration. Thus, I pull down 400K. We will fully focus on how experts are riding 3 carriers to accelerate money velocity. this is not difficult, just like redo the crap in the financial industry is not difficult. All that is needed is to trensfer knowledge skills and experience. The Key for carrier 1 is to know and expect the ratio of Long to short trades to be in effect. there has not been an ET thread on this as yet. The Key for carrier 2 is just rockets and icebergs, we have that down. The Key for carrier 3 is "change", slaloming, fractal pairs and timing signals from our sequences. We are going to use flaw cards for "change" (This invokes reversal strategy that we know already) and timing. And I have to take you to the correct fractal of the pair to slalom using stuff you already know. As you saw we used "tape" trends to get to slower fractals and this turned icebergs into rockets for beginners to play. this time we go the other way to slalom. We will slalom on icebergs and we will slalom the CC of CCC. The last C of CCC will be a bracket prep exercise. This takes10 point days to 20 point days just for your reference (per contract). I also want to get into a mulitple contract strategy. you can simply see this as a dollar multiplier as well. If you played 1 dollar as a beginner, you have simply saved those dollars in the first year of the 30 year model. We take those dollars out of savings now. We use them in bunches representing contracts. you can see that they are in being used inexpert applications so they are going to have high velocities and we accelerate the velocity by putting them to work BESIDE other dollars. So an old dollar has 4 others worlike BESIDE it as the phenomena of "acceleration of dollars". We will apply additional profit dollars to add more contracts as bunches are filled. The result is that we skip two 10 year increments of compounding only initial capital. For a normal 30 year life cycle you will go from year 1 to year 21 then to year 22 , 23, etc. No one here thinks this way yet. You will not be able to trade ES eminis in bigger side by sides than at a certain level. We will not want to affect markets. Therefore, we have to lay off capital into other places. This is in the framework of letting Gates, Ellison and Buffett work for you. The mutual fund path is not going to be used. You can drop back to a growth pace like 10% every 6 to 8 days using an equities venue; I do that because it only takes 20 to 30 mins a day of effort. Other places are like having Habitat for Humanity working for you doing something you need done where you live.. Okay now we will get experts stuff refined and in the groove using a money velocity acceleration. color=red]Quote from baggerlord: Translation: Compound interest is good.[/color] Retranslation: People find out 20 years too late that compound interest has to be done for a long time before any relative major wealth is built. Therefore is is necessary for these people to have an alternative to jump start what they have now (20 years too late). The time compression strategy alternative for the first 20 years is money velocity acceleration. As you look at the threads throughout ET, you find that even the concepts of money velocity are very sparse. To find out how to change velocity (in physics this is acceleration) by doing a search at ET is not too fruitful. People here are just finding out how IRA's work. This thread has witnessed a lot of commentary about what cannot be done. People who "know" what cannot be done wind up being the last people who can grasp concepts about being very rich. After rich comes very rich. a person has to be able o see as did Napier and Einstein that the part of compounding that works best is the last third. you will find out the essence of what I do is to get people to the last part of the compounding opportunity by not dragging along in unfruitful areas. There are some people here who feel there are learning curves which preceed making money. This is an unfortunate result of their reasoning. It is very important to skip and not learn about unprofitable things. These must be skipped intentionally by not doing anything along the lines of loosing time in making money. Lost time is the phenomena of not compounding. The not too obvious alternatives that they have missed is just doing things like: 1. letting the market decide and take you into a trade. 2. not using prediction which does not work and betting on the prediction with capital. 3. entering the market at any time when you do not know what is going on. 4. failing to learn and practice wash (flat ) trades in lieu of holding as money is lost in 3. above. 5. etc, etc.
Posted by nwbprop on 07-19-03 08:31 AM: I have probably read Jacks last few posts about 10 times.......I wont lie. I am impatiently waiting for the next week to start. Quote from colina: Jack, Your comments about position of IT carrier and its affects I find extremely interesting and insightful (but need to review it thoroughly before I can absorb it). - Steep negative slope IT channels translate to -> longer duration oversold rockets - Steep positive slope IT channels translate to -> longer duration overbought rockets - Saucers ( or the cup portion of the cup and handle ?) IT channels translate to -> approximately equal duration of oversold/overbought rockets - Double bottoms (tops) IT channels, even harmonics in frequency domain dominate and translate to -> square wavelike (staircase) trends in time domain - Head and shoulders IT channel reversals, odd harmonics in frequency domain dominate and translate to -> non symmetrical triangularish wavelike (tooths and wiggles) trends in time domain. Hope I stated the above correctly.[/[color] The last three expressionsare right on and they will prove vey helpful to everyone. This is how the IT longer term formations pan out on the faster fractals. This series closes out the Version I. It is a new person coming in to the thread to begin. It is like a loop starting over. Posted by dunkin on 07-19-03 10:58 PM: A little help, if you will Is there a compilation of Mr. Hershey's terms and strategies somewhere on these nearly 200 pages that could bring me up to speed. I have looked as someone indicated, but have not found it. any help would be appreciated the terminology leaves me in the dust. TIA do it yourself, it could be fun now, now! nkhoi! I have been a lurker here for some time... and I know you are a nice guy as well as a good trader. So give it up! I already have too much fun, 30 trading years of fun. I just don't have the time over the next 6 months to go through 200 pages. I just hoped that some kind and pleasant person like you would understand the plight of someone who is still an eager learner, and more importantly, OLD ENOUGH TO BE YOUR FATHER! I'm sure you understand me now! DON'T YOU! ok, uncle. there were indeed a couple of people trying to do just that but the summary just beg for more questions and soon it will lead back to the original message word for word. Hey dunkin No joke, start from page one. To expidite the process, focus on jack, dawg, vorzo and tampa early on. Later, look at icarus, nwbprop, and nkhoi. Then, go back and fill in what you missed by reading everybody else's posts. Jack calls it, the "iterative" learning process. Some Q's on this post: Quote from jack hershey: you will be able to creme on reverses soon. This is the slalom first tack. I have set you on 5 min snip different and you are in the 10% group and actually you are shaving stuff off othr 10% guys. snip each segment of CCC is in a different cell. the transition through CCC This is different than most methods. You are getting depth here as Snip MACD lines merge and damp to the neutral. STOC keeps at it because it is relatavistic. you are going to do this over and over. Days ago you saw some here taking more profits per day on doing other stuff better. snip in. Why? it was because of the way I tuned the boat (we left it tuned as a personal crew rule. boat snip you go to the final tools in the "change" drawer after you put away the slaom tools. CCC is a long winded failure to breakout of S/R levels. So you snipâ¦. You will see how it all works before Labor day. color=green]I went back to this post to see if I could "see" more clearly. You mentioned the Stoc readings(14,1,3) When DU begins, can we slolom based on vol spikes and Stoc readings in the 1 min chart? I think this is what I am seeing now. When the trend goes lateral on the 5 min. We start drawing channels and taking signals on the 1 min chart. I don't know WHY this slolom thing is not more clear, but it is not Labor Day yet, so plug away I will do. Posted by bundlemaker on 07-20-03 08:11 AM: Jack, Thank you very much for providing a much needed lesson. It feels much better to be shaken out of the pattern I've been running for so long. I think progress will accelerate now. __________________ Posted by nwbprop on 07-20-03 08:23 AM: Dunkin, The truth is if YOU dont put in the WORK, you will never figure it out. If you want to know what is going on, I would suggest on focusing on the first level(beginner). Jack stresses plateaus. Once you get the ball rolling on the beginner level, things will start clicking with an increased conciousssness of what is going on in sequences. Once you reach that increased level of conciousness, intermedieate will start to make sense. etc... Too give you an idea, I have a dual degree at an Ivy League school and it has taken my dumb ass at LEAST 5 times to read each of Jack's posts to really understand what he is saying. Of course, english was not my major, so maybe thats y i have to re-read so many times.......but i think it has more to do with the substansive content of each post rather than my comprehension skills. Good Luck. * THE WORK DONE IS WELL WORTH IT. Posted by nwbprop on 07-20-03 08:53 AM: Re: Re: hey me too Quote from bubba7: Get this down right now since we are really on the ball. the long/ short ratio of durations for rocketsm, etc. , affected by the slope of the IT trend that is the carrier. Jack, After rereading this post multiple times, i was wondering if you could please go more in depth with the statment above. Should we be focusing on the ratio of the duration of *time*? Meaning time is the variable to focus on first and that the ratio of time of long to short is affected by the slope of the IT? Posted by nkhoi on 07-20-03 09:25 AM: backward learning Quote from nwbprop: Dunkin, The truth is if YOU dont put in the WORK, you will never figure it out. If you want to know what is going on, I would suggest on focusing on the first level(beginner)... this may seem strange but the first level was incomprehensible for me because I already had preconceived notion of how it should be done, so I start in the middle and walk backward. Footnote. Going for the answer you now have is a common technique that I recommend that works. Obviously there are two ways. when I taught students bought books. I made sure they had the "teacher's edition" It has all the answers and highlights of poionts that should be made. I often used the answer section as a starting point. As the man who brought me here says: start where you understand yopu are and go backwards to the beginning. Right now you are at the end of version I. drop back to the beginning going backwards for about 6 months. Knowing something backwards and forwards is just the ticket.