here is INFERENCE of trader666 coming into his personal PERCEPTION. A CHART IS POSTED THAT ENDS WITH A BLACK OUTSIDE BAR HAVING AN FTT AS ITS BOTTOM. This is the 10% he sees from a charet he went and got from sometime two years ago and which is narrated on a video. the cahrt was brought to the meeting as he knows and it was scannned into a laptop using a portable scanner or it was mailed to me before the meeting and I loaded it into the laptop for the meeting. I did this every meeting. Lets look at trader666's efforts. He goes and gets a price only chart and cuts and pastes it next to the chart he has taken from my video. He records a bit of the audio on another subject where the topic was " order of magnitude change in capital." This post of his he repeats his perception of a one or two day trade which I have described and to which he formerly says in reply to "At what time and what price?" A phishing question. The setting here for trader666 is that his mind 's MEMORIES are overpowering 1. the chart I used and 2. the description of how the trade would be handled and an additional 77 page reference that further explains the trading action the real traders were using and I was mentoring continually. I post a chart with annotations to explain; I text the strategy twice (the trading) and that is 10% of what he uses to get his PERCEPTION of the matter. His INFERENCE IS SO STRONG, he INFERS to himself from his memory THAT SOMEONE SOMEWHERE IS DOING A 3 week duration trade that would be continuing to lose money.. This is the way it is in his PERCEPTION and he continues to PERCIEVE it that way because he and trader28 can no longer PERCEIVE anything but this. Both of them have PERSISTANCE to repeatedly post the chart for weeks on end and in many threads. Why? It is because their memories giver them 90% of anything that they PERCEIVE from long term memories that they have built over years and years. They individually have spent thousands of wasted hours building their minds as we all see in their absolutely amazing path in ET. Their INFERENCE formed of memories, at this point is rock solid and cast in stone. They cannot sense anything in the future that will allow their minds to ever get out of the trap they have built so meticulously. The New Yorker published an article recently ("Itch") on this subject. While it is not nearly as heart rending as the book of Doidge's, it is spellbinding in content in the examples of people in the same boat as trader666 and trader28 and to a lesser degree people like bighog, nitro, susanaDT and anek. When anyone looks at the illustration, also note what the 10% is in terms of conscious and unconscious parts. Here we get to see how both auditory and visual senses of trader666 do not work for him in allowing PERCEPTION any longer. He is fucked and he fucked himself permanently. The three O's in the illustration are related to the mind's operators. there are many and moslty they work in parallel a few at a time. For most of this, the multipurpose one's that feed the visual memory parts of the mind are the spatial, movement and shape operators. You have to ask yourself why there is such a sensory breakdown occuring for trader666 and his ilk. How does an FTT which occurs during a day and the following gap up at the opening the next day, elude his perception. How does he not see that at the end of the prior day a spike has occurred and the next open that spike is covered by a gap up. as we see his mind has memories that cause him to think expert trading in PVT which lasts up to 2 1/2 days has something to do with his minds's 3 week pronouncements on an entry which MUST BE CONFIRMED TO CONTINUE TO HOLD. PVT traders do MADA during RTH. They watch the unusual volume and how it sorts stocks upward and downward during the day. In the referenced example I took 30 plus snapshots of the lists showing unusual volume during one PVT trading day. How does INFERENCE work under the MADA routine. In SCT which rolls along at 3x the daily ATR in profit segments, how does MADA work there regarding the INFERENCE 90% of repeated perceptions and the 10% of sensory input? These guys will never know. Look at the two Shoppes charts from 2003. the BEFORE and AFTER charts. when I looked at the BEFORE chart my 10% sensory gave me the picture and it was reinforced by an INFERENCE wieghter at 90%. So I painted in my PERCEPTION and then it looked like a full picture of the conditions, circumstances and situation. I posted it for the benefit of all. They had two views: the original chart and the annotated chart. As time passed, the trade unfolded for the entry and for the hold. the stops shown before the cycle started were on the mark for the trade. You may recall the shit fit susanaDT had when I annotated some PA moves in her now closed PA thread. Read trader666's posts in that thread and read bighog's too. Read the Q's that are asked in all the recent PA threads. Read the dynamics of anek's mental shifts as he sprays ET with his posts. All of these things point out the role of inference in perception, healthy or totally wasted as we see. Sensing the market by looking at is is almost nothing. 10% is almost nothing relatively speaking. As you see people working their way out on various limbs of the tree of trading, what you see is a growth of miswired INFERENCE over months and months. Here you get to see lil duck and cashsomebody and thunderdog get to the end of the branch and see the limb beginning to flex downward before it breaks. Look at all the myths of the markets and then see that they all came from crosswiring as the iINFERENCE was built wrongly in a person's and a culture's collective minds. where did thunderdog get "unbelievable and astonsihing from? It simply came into his perception from his mind while he shesed by reading 10% which was contained in the posts AND HE ADDED 90% FROM HIS MIND TO GET A PERCEPTION HE TYPED CALLED "UNBELIEVABLE" AND "ASTONISHING" Reading the OCD chaper of Doidge and reading "Itch" in the New Yorker will give anyone with a mind still capable of growing some very good reasons to NOT go down the road into the SWAMP trader666 and trader28 find themselves forever trapped in. These two oddballs make the best warnings ET has to offer. While my illustration is an original, you do have the opportunity to see how transference is achieved by the purposeful learner from it. You also get to see how doing the work of passing it forward is even more rewarding regarding building the mind.
LOL, the OP asked a simple question and look at what happened to this thread. OP, just to save you the trouble, you're barking up the wrong tree anyway. Just learn how to trade using simple price action techniques. Not Jack Hershey's mumbo jumbo (that all of the paper traders come out to defend voraciously, LOL - theres's a story in that one). Don't worry about what the big boys do, unless you have a friend who is giving you insider information, it doesn't matter anyway.
Oh please! Do you think we're blind? What I wrote is a fact so don't even try to obfuscate it away with your stinky verbal diarrhea. You arrogantly (it's obvious from your tone in the tape) bought into a 3 week old downtrend that continued down for another 3 weeks after you bought. Period. The charts don't lie about the downtrend and you stated your entry on the tape and the chart. What I don't know is when you exited, which I asked you several posts ago but you haven't answered.
You may have to forgo finding out. My telling your three times didn't work and telling you three times is enough in my opinion. Maybe someone else will post my quotes and pics for you.
Actually, your propensity to spew verbal diarrhea is so strong that you go off half cocked without the facts. So when did you exit and at what price? http://www.elitetrader.com/vb/showthread.php?s=&postid=2058807#post2058807
Yet another loser.. worse than that you bought on a trend line break.. worst paper trader of all time
Sure Jack -- you magically got out during the brief, fleeting moment that your trade was slightly profitable. If you're that much of a wizard, why didn't you short NTES instead? You would have made thousands instead of less than $200. What happened to your attempt to turn $10 thousand into &1 million in 100 days? That was supposed to happen starting in Oct 06 and you said you'd post updates here and I don't recall seeing any. http://www.mediafire.com/?1gi2qygm3yh Is failing to do that part of the reason your IBD group went in a new direction, away from your "methods" and is now being led by someone else?
P.S. Jack -- I saw this and thought of you with your exit of that trade, 3X daily range, etc. Can you beat Kim Jong-Il at golf too?