You are very fortunate. you determined that I posted an Excel spread sheet with 24 lines on it. The left column is the time associated with a fill. this means that I used a trading platform to communicate to an IB where an account is located and the IB handled the message to him. The consequence as shown at the bottom is that I was in a long trade for 18 minutes as I explained in two places: where you found the illustration and here in this forum. Some people can read the illustration. If you make an effort, you may fall into that category. See if your trading prints for the 02OCT09 resemble my two trades shown on the excel print. They may not. As you say what I do is impossible. It is impossible for some and possible for others. For those who were sitting with me it was possible. I am demonstrating with records of trading how reading the "tells" of the market works. I have posted pics of my screens, my trading console and my camtasias of activities I engage in. On the 02OCT09 you have verified my print I posted. Anyone can look at the T&S and see that sequence repeated in a public record. Anyone can look at their display charts and see the volume and price movement at those times. You have a problem with my posts. Too bad for you. I respond to your posts because they are extremely inaccurate regarding me and my trading. you have every right to display how your mind is working. A lot of us understand where you are coming from. Too bad for you. Some people here now have the possibility of delving fairly deeply into what it is like to trade SCT. Good for them. They will benefit from the effort. Trading from Principles and using deductive logic is a world foreign to most. What I do is provide an example of what the result may be as a consequence of travelling the path as a scientist and critical thinker. Traderzones posted, yet once again, a paper he bases his beliefs upon. It must be true that someone paid for the work in that paper and they may even be using the results. It deals with prediction and the relationship of the past to the future. I found the paper to be a strong commentary on the Conventional Wisdom. Anyone who uses or bases anything on it, is making a huge mistake. Read the paper and find out that you are in that camp. The paper lets a person close the door forever on how the market works; what a shame. It certainly happened to a lot of people. I thought about commandeering some time of those researchers and writers. They would have a tough time after that for the rest of their lives. What would it be like for them to see a post of one cycle that made, in 146 minutes, 46,500 dollars on a capitalization of 40 times the minimum maintenance margin? What is it like for a person to make a 100,000 dollars in a day on the ES the first time? What is it like to pull down 17 points on 100,000 shares over a four hour period? The broker who acted as a third party to evaluate the T&S and the print of that sequence had a unique experience in his life.
Kudos Hersey, The most clear and concise thing youâve ever posted (when you quoted Jem) eta - Then you added your commentary and blew it Armchair Quarterback RN
Thanks for putting up the OTR chart. I annotated the print shown at the right. The volume pane illustrates acceleration and deceleration. It also shows peaks and troughs. The bars involved are five minute bars and the price profile pane shows the delineation of each five minute bar. The OTR profile elements also show how price "oscillates on "two pairs". the many formations and patterns ordinarily used on praice action charts are explained by the profile and volume panes shown here. As you can imagine this chart streams slowly from right to left giving the expert trader ample time to glance occasionally at the progress. The 18 minute hold was done in the context of five minute bar annotation. Here you see how each bar formed and why the envelope on the five minute chart was informative when point two was being reached. At point two there was the advent of the first part and the second part in SKO's terms. I can only recommend that a person do drills of this sort of thing. A drill is an exercise in "looking" primarily. MADA has its parts and the housekeeping of annotation is done in M. M gives you where you are. the "looking" is dealing with the other two parts of the triad of: 1. where are you in cycle? 2. what is next? 3. How fast it the cycle changing? Obviously "looking" is done to determine 2 and 3. The first trade was from point 1 (FTT) to 2. Two things came next one after another according to the P, V pattern of the leg from 1 to 2. About three bars did the job. First the RTL of the former pattern was crossed, then second on increasing volume a peak was reached. This is so different than seeing a set up, betting on the set up, setting a stop, and trying to reach a thought up target. Most people fail at becoming skilled to do this and those that do often have stops hit and/or miss targets. It is very difficult to reason through the rationale for choosing this kind of gambling apporach. FB123 explains thoroughly how he got the mind set he has to do the gambling. He is passing it on to another person who is yet to be successful and was using a room where calls were made using another gambling technique. Most people in ET do gambling type trading which is the convention of CW. The reason for the three steps above is that they describe the "looking" part of using the P, V relation which is a hypothesis set that has a corresponding set of parametric measures. This is where increasing and decreasing come from for volume. Each condition has a corresponding result for the price circumstance. One condition is the hold condition ("continue") and the other is the orthogonal condition "change". MADA is a deductive routine that applied the paradigm and the closure of each loop of the routine leads to either "continue" a hold or "change" by completing a reversal. The less skilled often do a reversal as two events one after anpother. In this thread we have focussed on a "change" that has a 6 minute window between the beginning and end of the change interval. Sko's underlying question ws one that deals with how to observe the interval in which "change" occurs and observe its more detailed beginning and end. Obviously when he grasps the details here, he is pretty well set for trading with great skill for the part of trading which entails "change". It turns out there is more involved with the aspects of "continue" than there is with the aspects of "change". Money making occurs mostly by perfecting the HOLD part of trading. I was in the market 80% of the time shown. It is easily seen that I could have more than doubled the money I made were I to have shifted to a faster fractal as evident on Chart's posted OTR chart. What was it like to stay on the fractal we traded as a group? I think it was a little hairy for the first trade and just right for the second trade. But by "processing" the faster fractal, it was possible to keep in mind that the nesting of fractal involves completing the sub fractals using the singular pattern that applies to all fractal in all markets. One a person moves mentally to the place of understanding the fractal nature of the market, a whole new world appears. If the person annotate, concurrently and thoroughly, the observable fractals on a chart by using volume and price, then he always know the three answers. Imagine what it is like knowing on many fractal levels, concurrently, just where you are on each fractal. This is a special place. It is extremely enabling from the perspective of trading. If a person can become skilled enough to annotate thorouoghly the volume and price on all the nested observable fractals, he has gained the summit. What prevents a person from doing this is not obvious. Many here in ET do know how the world works. To some it is obvious that I make use of the deep and abiding cultural principles found throughout the world (See Campbell, for example). I also deploy NLP to deal with the mind aspect of the opportunity to support a learner. In this thread I did one additional thing. I focused on the vedic scope and bounds of life. Probably a few recognized the order switches I made to cut to the chase. Most people lose, in vedic terms, because of their goals and intentions. that will always be the nature of trading. there are very few cultures that have gabling in their nature. It is a hard lesson to learn for most and they never learn it. One reason I admire and respect Doji and her thread is that Donna does not wish to slip into the gambling modus to become expert at trading. I have only seen one person discover, independently the pattern here in ET. He described it in terms of colors of bars for one of the two renditions of the pattern. He could not see the opposite color sequence of the same pattern and he could not recognize, as Pring cannot, that trends overlap. what are the implications in CW trms of succeeding in doing MADA using the pattern. 1. You know the difference between a retrace and a reversal. 2. You know the beginning and ends of all price moves. 3. you know the whole of trading invovles the alternation of retraces and reversals. 4. you know a reversal begins within it's envelope. 5. you know a retrace begins on the left side of it's envelope 6. you know there is no different movement between a reversal followed by a retrace. 7. you always know that a retrace is never followed by a reversal. 8. you know always that a reversal begins a new trend and after the reversal the volatility of the trend is establshed by the retrace. 9. you know that after a trend's volatilty is established, it is immediately tested. there are only two possible results: it succeeds or fails. 10. you know when a volatility test succeeds it is a volatility expansion and the trend continues. 11. you know when a volatility test fails, the end of the trend has occurred and the overlap of the next trend begins (with a reversal). So my first response to SKO was in vedic terms. If you want to spend a moment listening to the seven aspects of the response in cultural and NLP terms listen to a tape or CD by Deepak Chopra named " The Seven Spiritual Laws of Success". It is a double whanny. You also get to find out why 90% of traders fail. You also get to find out why the detractors here have the attitude and orientation they have. SKO is going to find out how markets work. He is going to learn to do "looking" for both change and continuation. He will become a partner with the market and "trust" all of its "tells" all of the time.
Here is a clean chart showing the ES, the OTR, the DOM, and the Stretch/Squeeze. The YM is covered up. This may be a display that has a lot of market "tells" showing.
For me the snagit shows a nice b2b 2r 2b pattern, point 2 is reached around 9:30. The run is 3 points. Look at the volume for those five bars. You will feel right at home handling the part one and part two of your question. Then "looking" is related to finding pt 2, then point 3, then the FTT. Then a person is ready for an r2r 2b 2r pattern that overlaps the container for the first three trades on the b2b 2r 2b. It is a repeat of the prior effort only reversed regarding the sentiment. Six bars to point 2 and then the looking. you squeeze in a little more profits on the way this time. The volume came down to a trough as the RTL was reached and then volume became dominant for three bars. One the OTR, DOM and S/S there are the "tells" as well. It is nice to see that there is nothing sudden or awkward or jumpy. So you can fill in your log for what is coming along next. the "looking" list. When it happens, then you use the mouse on the trading platform for each leg of the pattern. as Deepak would say: you have an integration of seven things. Your potentiality is always there. Your intention is simply to BE DO HAVE in a manner that forwards everything about you. As seen for many years my "dharma" is obvious. things need fixing here and there and money makes that possible. People with free time helps too. So my job is to make peopl rich who have a strong Karmic orientation for doing good. SCT trading is THE example in pool extrction of the Law of least effort. The above example bears this out quite nicely for both types of sentiment. You can see thegracious way the Stretch/Squeeze affords you the rhythm to go to and through point 2 and then on to point 3. You see how neat it is to annotate the right trend lines for each pattern. B2B 2 2R 2B'sare determined by the ends of red lines and R2R 2B 2R's are determined by the ends of black lines. The container left and right lines "give" you the FTT's as well. To take the six trades in a complete cycle of two patterns is effortless and not rushed. when you look at the range of this period and the sum of the six trades, you see that the sum is a multiple of the range if you can see in the first place. Obviously there is a claim that I have made life rotten for some people. Read the words that describe their failures and demise from trading. OCD's are here and for some it is as bad as posting their mantra daily for months. I offered support and knowledge and drills. They made decisions. Now, I am logically to be at blame for their decisions. That is the way the dark side of the world works. If a person's heritage has created such first recourses, then it is especially difficult for that person to create a personally and logically differentiated mind. There is no way a person like traderzones can critically examine anything I proffer. the same is true for the research articles he draws his beliefs from. His heritage will not allow him to step into a place where he can reason. the primary reason is that he has a Dharma that is not oriented to a purpose that has a consideration of "service" or "helping". Once a person is cornered by fear and anger and anxiety, then it is difficult to be part of a culture. Personal turbulence comes from living and behavior. The consequence is seeing chaos and randomness, two very unnatural things. these kinds of people are "looking" for what they have decided to look for. They find what they look for. If you look futher after this illustration ends you may find how the market works. If you know these things, what can you BE DO and HAVE? There is nothing to limit a person's freedom. It turns out Greed and Fear are the same unworkable things. Choose freedom instead.