Wow, I like how the same group of people infiltrate almost every thread on this site and act like teenagers and completely ruin it, talking about everything over than what the thread is about, including calling each other names back and forth. Grow up people ! This site is a joke.
I hope everyone is digesting more amd more of the market's tells as time goes by. This may make it more and more reasonable to partner with the market instead of trying to beat it. Annotating thoroughly is the first step. I hope everyone caught the end of the long channel, traverse, tape and BTT this morning. The channel, etc is now short.
Here's a great translation of jack's latest work: How To Wipe Your Ass For all of the shit eating ass fairies who follow him.
Thank you for the response, Jack. Speaking of trust how do wash trades figure into the whole paradigm here? You mentioned a while ago that experts make use of wash trades quite often (sorry I could't find the link, so bear with or correct me if I'm wrong). How can the necessity of trust (for being constantly profitable in the PV paradigm) be reconciled with the necessity (this is an assumption on my part) of wash trades? This topic is extremely important for my understanding of the whole paradigm. As always your response is greatly appreciated.
The whole paradigm gave you a complete system in which the market operates. This also includes the trader activity part too. The system is composed of a few parts: 1. The pool extraction hypothesis set and its parametric set of measures. A deductive system. Four operator words: increasing, decreasing, continuing and changing, all binary vectors. This is knowledge. 2. The MADA routine which allows you to accomplish several skills. The pragmatic result is that one pattern covers all conditions, situations and circumstances. Price has four annotated aspects: 1, 2, 3, and FTT which is a loop since FTT and 1 are the same point but for different patterns. Volume has five annotated aspects. P, T, P, T, P. the first and last P's are the same point as in price. This pattern appears on all fractals and fractals are nested. The pattern defines whole trends on specific fractals. This establishes that trends overlap by deduction. As a trader works purposefully he learns how to "put the pieces together". The purposeful work fits quite nicely the vedic philosophy, for example. In western culture this would be the equivalent of haviing a character of high integrity and include critical thinking skills based upon integrity. You express this with your statement above. The pragmatic fallout of this orientation and character is: 1. An intentional seed is planted. You BE intentional. Your intention is positive and one of integrity. 2. You have a potentiality for achievment and achievment looks like affluence. Your potentiality is given to you as a consequence of being a human being and that includes the ability to differentiate in all contexts. From this vantage point, you can consider the few things to attend to to show your intention and your attention to realize your potentiality. Here is what it looks like for me as an example: a. Be on the right side for appropriate fractal. Know to be to the left of the right trend line. b. Fully annotate. Use the binary vectors. c. Have all levels in hand. know for each of the nested fractals where you are in the pattern for that fractal. d. Always wash and sideline to deal with the necessary details. e. Be effective and efficient. I am giving two 45 minute spiels in vegas. One is entitled Building the Mind; the other is Effectiveness and Efficiency. There will be 45 minutes of Q and A later. I will organize the Q's to give A's. More time will be spent on "The Process" including a sponsors platform discussion. Washing and trust are related to each other as you see above. Basically a person learning by doing purposeful work can make mistakes. A mistake is excellent evidence you are doing something and, perhaps it needs to be iteratively refined. We posted for five years here in ET to help people become more and more error free in the use of the above. Price usually does not occupy a given price only once. If price returns to a given price, then it is possible to use that price to take trading actions. The reason a person would want to wash would be to sideline and take care of his responsibilities if they have been impaired for any reason. How this relates to trust, you have defined for your character, knowledge, skills and purposeful work. The market, on the other hand, is like the Mississippi river. Consult the literature and the deep and rich music that explains the Mississippi river. Water runs down hill. Trusting that water runs down hill can be related to washing which is a trader activity. If a trader in his knowledge and skills acquisition has some tasks still to pefect, he may need to wash occasionally to get to a good working place from which to proceed. The market will always be flowing and you can pick up the work effort any time on all the nested fractals. Take this am. On bar 2 you put in a new FTT to replace the FTT on bar 79 of the prior day. On bar 3, in SKO parlance, you got your part two (or second chance) to enter short and go to point 2 of that trading fractal. Lets say, you are a trader who hasn't dealt with the gap. On bar 1 opening you were short. Even if you froze up or didn't put in a stop like gamblers always do, you still could have washed fairly soon. I know some people feel "disciplined" and they prefer stop out losses as the solution to not "knowing what is going on" as they insist on gambling. You, on the other hand, anotated the LTL of the current carryover container and saw bar 2 was the ftt so you headed south for point 2, then point 3 then the FTT on bar 8 (in the accelerated container as a consequence of the VE on bar 3, etc.). Here is the thing, as an SCT trader, we keep track of things as the alternative to betting, hoping, fear, anxiety, anger and a lot of other gambling characteristics. Gambling simply does not fit into the human character and never will. Take a look at the financial industry and its client base and the US government. It is not practical to operate in that manner. Washing is done because it is available to those who need to wash to get current on knowing what is going on and having it in hand. There is not any reconciling in SCT trading. There is a progression of learning by doing the purposeful work. Our last effort over a year followed a curriculum of twelve months. We began and then doubled the time for each stage of learning. It takes quite a while and work to allow the SCT principles (above) to become the first recourse that is summoned up in your mind as you trade. Other things can pop into consciousness and make it necessary to sideline and get better organized. Let me finish on a negative note. Once the mind goes off track, as you see here year after year for some people, it is not possible to recover. These embittered people, as stated by others, are MY fault. The facts may be that they, by choice, got to where they are for an asortment of reasons. In trading, there is no way a person can take shortcuts and avoid building the mind in a way that is accurate and reflects the true operation of the market. Most people use their first recourses that they grew up obtaining to try to make money in markets. The markets are counterintuitive. Intuition, as displayed by regular people, does not work to learn to trade. The bottom line is that the market is always right and a learning person must get in synchronicity with the will of the market. See Barbara Marx Hubbard for Synergistic Convergence. See Doxiatis for Ekistics. See Deepak Chopra for The Seven Spiritual Laws of Success. My suggestion to people who find my posts hard to read is to read them again at a later time. My first recourses are very different from those who are learning failure. Most traders spend their time learning failure. It is a very embittering process for this type of person. They are denied the ability to trade successfully by the choices they make as a consequence of their upbringing. They destroy their minds in the process as you all get to see daily.
Jack - please go away. Your convoluted writings that have nothing to do with the topic being discussed is incredibly annoying. Why must you infiltrate every thread with your nonsense? If you want to pontificate, start your own thread elsewhere and let folks discuss the OP's original question on this (and the many other) thread(s).
Thank you for reading my posts in every thread I infiltrate. And thank you for your pertinent and focussed question. Bentedge, I really enjoy your use of convolute given your handle (a skiing term, I presume). Your instructions to me are nice but I am just answering Q's and not pontificating. It may not be a good idea to answer all the different questions the OP asked in one thread. For this thread, I couldn't be responsive since the Q did not apply to me. I liked your response though; it is ringing a bell. We poth post about OT things. Tell me if the Q of the OP applies to you; if so then, what are the facts. Did you turn around your trading when you started using principles? if so what ones? Do you follow a routine? Is it still inductive or did you switch to being deductitive? If so what was it that came to mind that convinced you to drop induction and take up deduction? What first recourses did you find you stopped using? What caused you to develop the long term memory that replaced your original learned first recourses? How do you handlke internal formations, i.e., those that are not forwarding a trend. Do you feel non trending non internal bars or formation need special handlking? If so why? How do you handle volatility changes in trends? Are the methods different for each of the two cases? Did you notice more than losing at first? Was there a period where B/E came to mind more than losing? Did you do wash trades during this B/E interval? If so did it help you get back on a even keel to become more Effective and efficient. What was the turning point in your mind's development that let you begin to put the pieces together to become more than a B/E trader? I sort of broke out a few questions to keep from misunderstanding your upcoming replies. The neat careful answers you have gone through in the past propably is what helped support your great progress up to this point. it will be helpful to a lot of people in ET and almost all of them will not be judging you. If you do not answer the Q's I'm sure others will. You may be alone in your feeling of annoyance. No one has ever brought this up before. Last Q: have you ever heard of the "calm before the storm" in market parlance? Something bigger and badder than a Bendededge?