I am not feeling badly when someone says I am trying to say something. actually, I am saying something. these notes here on the gif are worth some comment. The chart is someone else's. What I am saying to you makes money. for someone to post a chart to annotate me is very very helpful and super duper and great. The fact that I can just point out some stuff to aid and be precise (the VDU thing, for example) just clarifies. Make a particular note: Almost all the way across this chart you have a money maiking velocity and the decision points were two VDU's and you used the "change" market tool called reversing. To save band width I could have said days ago: reverse on VDU for failures to BO. Now pages of detail make it possible for a sane guy who wants to be a millionaire, to read behind five words and two abreviations. If you do this for failure to BO, you will take on every BO from now on. If there is no failure just make money and exit. You exit at the end of the trade for no failure. You do not reverse for BO's that do not fail. See I am making you a millionaire once again.. Have a pleasant day.
Thanks for all your great posts, I have been following your posts on other threads as well. I have just a couple of questions about the last BO chart you posted. I am rather new to your ideas, but I find them very insightfull. 1. Does VDU mean Volume Dry Up, silly question i am sure 2. Where you point out the VDU just prior to the BO on the last chart, you mention "one bar congestion and one bar exit", could you please clearify what you mean by that? 3. Where exactly would be the point at which you would reverse course and enter short for the false BO retracement Thanks in advance. Also, I noticed your idea about a place to post potential BO's and I think it is a great idea. What about even starting a thread on here to post them?
I meant partial fills going into the position and partial sells going out. I try to not exceed the blocks going through the T &S and to keep my participation below 10% of cummulative daily volume up to 100,000 shares which is my hold cap on shares in the 30 dollar range. It was just one trade for Gary and for me. I netted 17 pts on the 100k shares.
OOOhhh, Jack Wahhh, the best trader in the world. When it comes to theory, you are unbeatable. But tell me about MONEY, since you know so much...
My best single day to date was a net of 1.7 million dollars. it involved 11 accounts most of which I traded for the benfit of others who contribute time (weekly) to the benfit of others who are in need and some handicapped people in a family that takes care of it's own. My best beginner for six months averaged 11.1% on trades of 6.6 days average duration. I am just and older amateur who trades under NFA 208 E part a. I do not know very much compared to professional people who have very restrictive handicaps for making money. I have several acquaintances in the big leagues however. Your post is kind of not too important as things go. One thing you can begin to pay attention to is this: I post in response to others who give me the oppotunity to comment on their concerns. I feel a person can often define a need that is important to a lot of people. That's why I am responding to you as well. You have a poor dad. It is not your fault. Not a good idea for you to postpone making some money. If you do, then you will not be posting to me this way. The series of posts I made here do get to you in one way. You get it that I can post on a topic and use other people's illustrations to ace the situatio to a tee. What I say is simple, doable and it make a lot of money per hour relative to the maximum potential. You do not compete with others. You are not main stream anything anywhere as yet. Staying in a safe survival modus by doing what you do doesn't distinguish you in any way. You can give up the safety of your world and get with it instead. As a person, you have a long ways to go to get to a place where you do not have the need to behave the way you do. Lowering the risk to take a step will come from reading this. You can do something for ET to help out.
Thanks for the chart with annotation, Jack. Even though your strategies do not include playing the reversals for beginners, I am getting the feeling that it's a downright critical part that can't be ignored at any level, and a method that's very dear to your heart. Rocket bo's fail alot and fail often, in fact the overwhelming majority of them fail (like today, there were no successful rockets). The concept of washing is essential, but the reality is that they often fail soonafter entry making it close to impossible to truly wash, and normally the loss is a point here, a couple of points there. Sure, the good rockets (like yesterday's short) come to play and you pick up 6-8 pts, but that barely evens out all the losing washes. The key, or next step shall I say, seems to clearly be the reversals as that gets you in early and profits from all the failed rockets. A question regarding entry on the reversal today. From your chart you show around 11:44, or the time of the VDU. But if you exit the rocket and enter short there, the market immediately goes against you and rises on some strong volume bars. Not encouraging. After the fact, of course, it doesn't matter because it starts collapsing around 11:55. But in the meantime what makes you hold on as it's going against you on nice volume, making a higher high. Or is 11:44 too early to reverse the trade and there's a better (safer?) later entry on the short. Thanks.
Nice post berga, your very first on ET and already you are disrespectful and rude. Good way to start out, great contribution to the board. I look forward to your forthcoming gems....