Bar 7 is not a VE and not an FTT. We are past point 3 and looking for an ftt. The drill is to reverse on the ftt, book mark it and annotate. This keeps us on the right side of the market and always taking the offer for the whole pattern thqt is underway. Oh by the way, they are still not building the fabric tube to collect all the spilling oil and thus protect all the coass the fisheries and make money selling opil and liquified natural gas to refineries and natural gas customers. does anyone know the cost of a rectangle of reinforced fabric that is 3200 feet by 5500 feet give or take? 1,000 yds by 2,000 yds? 2 million yds at say 100 dollars a yard in place. 200 million bucks. 60,000 barrels a day sell for how much? 50 bucks a barrel gives 3,000,000 dollars a day. Not much. In 60 days it would mount up to about the cost of the fabric and then it is all profit the rest of the way less hurricane costs.
we took profits at the top of bar 8, bookmarked it and we are reversed short. The long trade was three bars and went from 66.50 to 70.75. On bar 9 we have a SYM.
On this BO of the lateral we have a black stitch. So fan the original rtl to include the lateral and see that the stitch second bar is the FTT afterthe book mark you reversed on and then went to the ftt to take another round of profits. (1 point). So bookmark and reverse short.
You go through the bookmark on bar 12 and see another ftt where you make another point in profits. that puts you short through the end of bar 14 where you go long and take another ride up to bar 20 where you then go short again to take the ride to the bottom of bar 23. There you ride long until you complete the tour to bar top of 27 where you go short and work your way to bar 34. At some point in the day you get to 30 points profit and add a contract. You more than doubled your capital in a day. 1 contract to 2 contracts on profits of 30 points. Look at how going from 1 contract to 2 works today. that means you will get to 3 contracts tomorrow and later in the day to 4 contracts. Wednesday you work your way past 8 contracts and add a couyple more. On Thurday you break 20 contracts and Friday you have over 40. next monday you have 50 contracts and hold at 50 and take 50 contracts of profits a day from then onward. 50 contracts gives you over 100,000 a day for the rest of your life. How hard is it for a fifth grader to trade on an FTT and bookmark it? Can a fifth grader annotate, reverse on ftt's, reverse on book marks and post pics of each bar? Yes of course. Find a fifth grader and let her read this thread. You have it made until the fifth grader's mother cuts out on you and runs with the kid. This is the replacement for BP and the people it makes jobless by doing oil spills. If you find a reason why this doesn'twork; it simply means you are making a mistake somewhere. Can you imagine T666 ot traderzone or T28 doing this? I can't It is simply not possible for those guys to think critically and keep making money all the time. Get a fifth grader. Get two or three fifth graders. Do you think it takes 10,000 hours to learn to trade without ever taking a loss? Not if you are a fifth grader........ Can you smell the rubber meeting the road as yet??????? Do you remember the smell of condoms dissintegrating? Look at how this trading fits into all slower fractals that go from point to point. B2B 2R 2B R2R 2B 2R.... I would do this as videos if ET could handle videos.
Why didn't Taleb learn to bookmark????? LOL...... Does anyone see how staying on the correct side of the market works????? I know, no one can figure out how to see an ftt when it happens. Look on the YM 2 minute to see "inside" the ES 5 minute. what if you are a little sloppy and don't get it just right? Who cares? Just make 50,000 a day. doing this depends upon having a coherent mind. coherence is easily measured by monitoring yourself. Use an EMwave PC for a while as you begin to get this technique straight. Maestro calmly makes the point that a calamity is always in the offing and it WILL happen and you WILL get caught and not wash out of the market. For 53 years I have missed all the Taleb moves he says are going to happen. I was always on the correct side of the market. I actually detected the 9/11 via the market and then turned on the TV....
For those who wish, you can get out of the Taleb realm with a thing called logic theory and paradigm theory. This is the realm of information theory that is the non probailitistic side. You may or may not know that Taleb is exclusively on the probabilistic side only. Inductively, Taleb got caught well before he made his fauna mistakes. thinking that there is only this or that is not good. What are some of the critical thinking requirements that a person must use to develop a a model or even create the model in the first place. Don't ask Taleb or Derman or the people Bass chronicled. don't go to covel's resourses nor anything Covel thinks his discovered others using inductively. But what do you have to do? You have to deal with Carnap and Keynes. You have to work only in the eductive realm and deal from a null point of view. You have to find that markets do not have noise or anomalies. There is no taking anyone's word for anything when you are doing critical thinking.
Jack, how can we possibly know, a few seconds after the open, that price is going to make a lower low? By 09:32 price had risen to 76.50 . Was the short taken as price came back down through 75.50?
The low of bar 2 at 71.75 is clearly intrabar, and it occurred just prior to 09:39. How can we know to go long at 72 when price could clearly have continued lower as the bar completed? Are you using finer tools or is the decision to go long based upon the decreasing volume on bar 2?