As a group the real Time and the technical real Time are now 32 pages long including about 12 illustrations that relpace writing a lot of text (shorthand flow charts of processes). This material was in use this week and it is being critiqued page by page so I can rewrite it. I am filling in my journal each day with how we work as a team doing the break out roles. We play the three roles I mentioned as break outs. The platform operator also does logs. We use snagit to grab places where more polishing is needed. Gaining facility is flow charted and each of the steps (21) used by the status/context (annotator) is being expanded to merge the lock-in information (a carver job between reversals) over to getting the mousemanship to flow sooner (an standard new offset in time) Eveyone has moved from the Present to the place in the near future where "anticipation" is done. The focus of gaining facility leads to having time to be located in the place called anticipation. By polishing all the technical aspects of seamless continuous trading, we are now at the point whereby trading from the open to a point a little over half a day, we nail down the point yardage to double weekly. We do not need to use the pm break out to close part of the day. Personally this seems to eliminate the urge to scalp and shift the focus to making money by "knowing that you know". I think everyone now undertands the answer to "What would you do now?" has become "follow the method". The market is definitely being seen in real time and we are shifting the viewpoint to a place in the near future so the future can just ease into the Present while having "certainty" there all of the time. So the theme of facility is parallel to the jounalist themes: What? How? When? and Where? We have started the indexing of terms; a glossary of expressions and added status/context to DOM, T&S, OTR, and SQU/SQU. Everyone keeps "handy notes" and those are being assembled as terms and glossary items. Also with the new found time in mousemanship, we have also added the channel work on the 30 minute (including VE's and fanning, FTT's BO of rtl and sentiment carving during overlap of trends). We are also including synching the flow of trend types, turn flow and 30 minute sentiment transitions during the day under facility. For optimization, I have begun to slide into place a text and graphics on the global economy and just what are the sources of the mismanagement of this interlocking mess. The arrangement will be to build out to the slower fractals and show, from unconnected (in the intellectual sense) quality journalistic reports that come out of the various silos. It will parallel the smart money failure to prevent getting trapped in walls (DOM visible place). It is pretty clear where money is fleeing and to where money is arriving if not sidelined. Since Occupy is going into the finacial business, the timing seems very propicious for us for creating remote centers for taking money away from Wall Street. In 56 years, I have never seen a more propicious time for changing which pocket the money is in. We have decided to do our coding in Polish. Last week we did our first trades with non chickenfeed levels of contracts. The partial fill world is fairly swift and uniform.
I was on vacation last week so I apologize for my absence. I realize that failsafes are used to keep traders (especially beginners) from being on the wrong side of the market. Mr. Hershey - is your system best used without the failsafes? If there were a hierarchy, is the BM,REV more important than BO,T1? The attachment was from 20130930 and showed how two versions of a chart were posted - one with the failsafes being used and one (to a certain extent) without. The recent charts posted seem to show that the failsafes are such a prevalent part of things and I don't see a lot of B through K band EEs in use because with BM,REV or BO,T1 coming into play, you spend so much time at P1. Any guidance would be appreciated!
It is true, as you say, that P1 is more prevalent. this means the money velocity increases as a consequence of more trend segments being carved. Our team has moved from having facility to "anticipation". Since we are in transition, we divide the work into three parts. But ordinarily one person can do the whole nine yards. we are working up to using the Level II and the 30 minute geometry to surround our effort. If you look at bar 41 forward for today, you get to see how a long is maintained through several profit segments. BM's follow routine turns and the separation of the BM's on adjacent significant turns are 3 ticks or less. By anticipation pairs of reversals are ommitted and the profit from 41 to the ent of the 30 minute long dominance is more than 25% of gains required to double capital. Today we made 75% by bar 18 and there were many 25% runs during other parts of the day. For sequences that move away from the rtl, we do use the ltl to get the VE opportunity to accelerate the slope of the rtl to keep in a routine non failsafe ending as long as possible. By annotating ahead of time using anticipation stengthened by lock-in of P then V then EE's we can carve turns early or late. We look for Walls on the DOM as the vernier for gettin the full offer of the market.
I mentioned the DOM For those BM's in close proximity, it is possible to see the Walls on both sides of the DOM. The attached is one of our illustration sets we use to transfer processing to get trades to be optimum at extemes of brief runs.
We also give attention to the immediate contxt and status. Here are different processes as they happen.
"I am getting my butt handed to me on a daily basis!" Watch out, after seeing the word "butt" so many times, Google will soon index Elitetrader.com as a porn website...
Giving attention to the immediate context is always critical no matter what method or iteration one uses. The attachment that failed to post sounds quite informative. Would you consider trying to post it again as multiple sections, or as a pdf or zip file? (Perhaps a member of your current crew of learners could help you to overcome the ET file size limitation.) -river