Great Q! It is just taken from our regular charts. I cheated a tiny bit. I was still waiting for pt3 and you see the bias I had on the channel. It's more of an experience aspect. At some point, you develop a feel for the width of channels and how they tilt. I do this as a continual reminder of what I am looking for next... I regard today so far as a slower paced day. The pace is an aspect of channels. Steep channels, fast pace. This is why I am annotating the channels within the channels today on the ES. Are you seeing how long the traverses and retraces are taking? Are you finding this helpful? Kindest Regards, MAK!
to bar 73 ... Mak - YES your charts are very valuable and stimulate awareness of the traversals and retraces - thank you for continued posts. Irl
Thru Bar 81... "W"/"M", here's my slant ... This chart needs to be cleaned up a bit w.r.t. volume. MAK!
Here is the update on the prior table of contents. first set of segments was from pages 1 thru 35 of print out of thread. Second set of segments was from pages 34 to 83 This set of segments is from pages 83 to 101. I will post the segments asap. You see references to the cut and pasted pages of the thread to the right of the segment titles. This make for a quick reference back to the original thread. AS new parts of SCT come up in posts I put them into a newly titled segment. three learning process streams are running now: Annotating SCT 2 The main trading stream SCT 4 And a stream on the SCT hold and reverse has just come up today. It will be a main stream segment SCT 10 there are a couple of problem oriented streams in the mix as well; they include the Chop stream and the Stop stream. various persons are posting their orientation to trading problems they face in these streams. They are, at present, thinking they can get answers to their problems. One of them has some assumptions that are fairly far off base vis a vis what comes of following a method and they connect their views on what they think protection is while trading. This is the end of the month for us here and we are in heavily regulated CMS controlled industry doing weekly 100's of commissionables that range from three digits to low four digits each. We had to prep papers for 4 four digit contracts this pm (3 hours of total sign up time to pick up low 5 digit sum). This means I have to get stuff to gether, get official time stamps and have EC's (electronic corrections) filed. Tomorrow, SAT begins to add 20 new seminars to our existing 44 and our advertising dealines are not being met because Utah camera ready was sent to Arizona. So I have to dance around getting CMS approach for quick fixes. I will be pacing this after tommorrow and all caught up by Monday nite.
For the EQ see attached. When you were starting out you had an unfortunate experience. Some strategies work on the principal of first doing A and, then, protecting yourself from the consequences of doing A. The way this is all done involves taking losses of some nature. The alternatives to all of the above cover a whole spectrum that you have not been introduced to. You chat in .....come on.....and..... indeed...land. An alternative to the setting called "being in reaction" is a setting called "being in anticipation".. The point in time for "being in anticipation" is a relatively long time before "being in reaction". their is a point in time in between these two. It is called NOW. There is another factor. You may being doing entries and exits. One altenative to trading entries and exits is to trade doing holds and reversals. If two person were using different methods as above and were trading in the same market, you will find that the four things on the table: anticipation, reversal, -1,-2,-3,-4 and reaction, roughly occur in the order you just read. All this says is that one trader is trading ahead of the other trader. The name of our approach for a trader is "front runner". The name of your kind of trading is same-side trader. fornt runners trade ahead of same-side traders. So there are two very different methods being addressed here. Most of us know what you are doing and we take advantage of it all the time. Uou are just entering the trading world of front running. If you go back and speak with your early mentors, you should ask them about all the stuff that they did not tell you back then. It is not a case of right or wrong. It is just different. The come on and indeed stuff you play with is telling us that this is new territory for you. Look at the attached scanned chart. IQ is the vertical axis and EQ (Emotional Quotient) is the horizontal axis. An average person is in the middle. Notice that that cell is labelled failure. There are a bunch of arrows on the chart that show you how people go from one cell to another. There is a key at the bottom that talks about this stuff. I may give Stalker a reading on EQ in Swedish in a while.
Hi, Am partway going through this thread. Looks good! I am sure I am missing something that has been answered somewhere else but cannot put my (little) finger on it and I wonder if someone can put me back on track. When the prices are "centering" then what is one supposed to do? Can someone explain this to me in simple language without too many difficult words and without writing a five page answer? Tnx a lot! Maria
After market (ie. on my commute home), I went back to debrief a particular transition where I noted that additional review was required (ie. circa bars 25-28). I've attached a more detailed annotation since it also relates to Stalker's Q. It is important to reinforce the PV relation of channels. I have annotated the volume to reinforce how PRICE, VOLUME, and CHANNELS relate. Since we are putting on the green, so to speak, we are focused on staying on the green (our channels - a PV container) of 5 bar combinations posted earlier. The region outside the channel, is the ruff (ie. off the fairway). That's where you find your usual shrubs, trees, sand traps, and bodies of water. The overlapping bars are FTT points. Note the volume transitions and increasing, decreasing, or steady volume combos... Here's the ES... Kind Regards, MAK!