Going back through some of the posts I missed while I was gone. Jack does not do things the way I did on that trade. That was not a bar four entry. That was well into the morning and I was convinced the market was going down so I put a sell stop under the previous bar and a stop and reverse above the bar in case I was wrong. Jack is operating on a micro level. I am sure when he does a bar four entry he is watching volume and dom immediately for any signs he is wrong and I doubt he lets it go more than a tick or two against him. I saw an execution page some time back of some of his trades and many of them were for 2 ticks, 3 ticks, etc.a few of them losers but most winners. If you are looking at bar four and thinking" if I enter where should I put my stop" then you probably shouldnt be trying to do this. As I said before I only do bar four entries under certain circumstances as I do not have Jacks tape reading skills and I am not doing those instant reversals yet.I would definitely not be trying bar four entries if you are just learning this stuff. New people should be taking the easy trades and practicing the harder stuff.
-------------------------------------------------------------------------------- Quote from Chicken Little: Hi Easyrider, Of the last 100 trading days the bracket entry on bar 4 with a stop on the other side and a breakeven stop after a profitable move in your direction of say 1 point works out as follows: 100 trades total Break even trades 44 Losing trades 39 Winning trades 17 The losses amounted to about 100$ per trade per ct. or $3900 To break even with your current bar 4 Break out you need to average about 230$ on the winners. If you average say 7 points or 350$ you would net about 1500$ per ct. ( 5$ commissions) FWIW -------------------------------------------------------------------------------- Going back through some of the posts I missed while I was gone. Jack does not do things the way I did on that trade. That was not a bar four entry. That was well into the morning and I was convinced the market was going down so I put a sell stop under the previous bar and a stop and reverse above the bar in case I was wrong. Jack is operating on a micro level. I am sure when he does a bar four entry he is watching volume and dom immediately for any signs he is wrong and I doubt he lets it go more than a tick or two against him. I saw an execution page some time back of some of his trades and many of them were for 2 ticks, 3 ticks, etc.a few of them losers but most winners. If you are looking at bar four and thinking" if I enter where should I put my stop" then you probably shouldnt be trying to do this. As I said before I only do bar four entries under certain circumstances as I do not have Jacks tape reading skills and I am not doing those instant reversals yet.I would definitely not be trying bar four entries if you are just learning this stuff. New people should be taking the easy trades and practicing the harder stuff. -------------------------------------------------------------------------------- There are two considerations here for doing evaluations. Knowing how to elauation and knowing what is being evaluated. The three mistakes regarding the evaluation deal with the mistaken result for Breakeven; the mistaken result for losing trades and the mistaken result for winning trades. The other factor of not really knowing what is going on does make it difficult to do any evaluating. Primarily, I am working building a process for transferring knowledge, skills and providing support for gaining valuable experience. because of this I do not want to spin off a series of segments on how have knowledge and skills to evaluate trading methods. The intention of the evaluation, seems unusual to me, since there is a fairly evident low skill level being presented in several segment topic areas by the evaluator. The evaluation seems to be based on entries and exits. SCT does not do entries and exits ordinarily. Keep that in mind for this thread. If you want to evaluate, it would be normal to evaluate holds and reversals since that is what it is all about. Those evaluations are missing and probably not possible for the evaluator to do in the first place, So why make a post on something that is not pertinent. I will be doing a summary on your contributions here in the appropriate locations. Easy is giving you very good direction. Particularly as a beginner, you should focus on only one part of the market and he gave you a little direction on that. I hope that you get it soon. Right now you are digging a hole for yourself.
Segment update Past recent comments; -------------------------------------------------------------------------------- Quote from Grob109: Here's the current table of contents. I'l l load n the new sections asap/ The paging you see is the print out of the topics today as of after the close of business. (pages 34 through 83 today. The content of these segments that will appear are noted. B team did not make the cut for Appendix F because of no substantive content. In the links section all of those bases will be covered in spades anyway. thanks for the pic inserts I am going to use the directions previously provided to learn to do some of these things. i will do a chart of the day to include a kind of debriefing to nudge the level along a little. Everything is excellent , this is only some glue so to speak. -------------------------------------------------------------------------------- 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. New comments Attached please find the allocation of ET pages 46 to 61 (print out pages 100 to 130.) I shuffled some stuff around and added a couple of segments. For the IBD Tucson I emailed 8 equities segment type files and 6 commodities type file all of whch relate to the IBD forum type stuff. I also have completed parts of the stops handout I will use on 08SEP05 in Tucson IBD Meetup. It will go into segment SCT 7 stops and also in the two detractor Segments C and E (similar types of people) of Appendix F. basically there will be II types of stop orientations and the compare and contrast will feature 8 aspects of consideration. A sub-theme of examples for each of with sources will be appended. I can see now from the effort I am making to tie this stuff together for others that there is a pervasive difficulty in trading that can be brought out and understood by doing this. The distaff common themes represented are aspects of skepticism that apparently grow out of being over powered mentally and by the poker syndrome or whatever its called. Sort of like two aspects of one personality here in this thread. I appreciate that we are getting the illustrations into some segments. I am working on learning to do this too. It turns out in this kind of effort that topics are high lited one after another and some of the segments become continual focal points. So I will do about three rewrites on the earlier topics that are foundations for the continually self refreshing ones. In this way we can get the levels of presentation and textual and graphic quality to an excellent level. I usual put all three levels of information in a given segment so people can take laps as their skills and experience upen the door to possible understanding as their bacground becomes sufficient. This is a process, however. It just is not possible to use the substantive content documented to be able to do SCT. The process is the primal ingredient for building the mind's computer to be able to partner with the market and share responsibilities and decision making. Mostly the market is the decision maker in the process of making money. Making money seamlessly and continually is very different than a person thinks it is if they are not able to grasp that a person goes through a process to get to SCT. Most people who approach the market and trading, have a very difficult time not focussing on entries and exits and concepts like buying and sell and supply and demand. These three pairs of themes is not how anyone gets to making money on the level of SCT. SCT is focused on the P, V relation that describes the basis of market operations. In turn, there is a pair of harmonious elements that place the trader in the required partnership with the market: the pair is holding and reversing or, therwise stated, respectively as, continuing and changing. these two elements are not opposites. you cannot use a mental computer that is deeply reinforced with opposites to trade effectively and efficiently in the mode that the market provides. The opposites: buy and sell; and enter and exit; and supply and demand, all being opposites, are major distractions Youwill find many many inventions that have come into being that are designed to help overcome the difficulties created in trying to deal in opposites where opposites do not apply. Almost all B people live and do what they do in the land of opposites. They are deeply locked in to many many myths that center on opposites. I will work on this stuff this weekend to take a break from other pressing challenges.
This thread has been a great help to me already. Ive been only halfassedly doing the channels and guassians up till now. The simple act of doing these daily, continually, automatically, has an effect that is not apparent at first. Its kind of like doing something you dont understand on faith and then finding that your faith is well founded.
Can anyone explain in a concise and clear manner what Gaussian (or normal distribution) has to do with JH's 'method'? I'm assuming when you use 'Guassian' you mean as in statistical distribution, if not what does it mean to you? does it just sound 'cool'? I peeked at this to brush up on my stats to understand your answer better. I'm all ears.
feel free to ignore me but there's no need to be so aggressive. as i mentioned before - i'm trying to find out a bit about this and on the other hand throw in some doubt.
For you, it will not mean very much no matter how it is explained to you. I am transferring things to others so they can make excellent use of them. You just went through a mental game you played with volume for some purpose of yours. That is all fine with the world, etc. We read what and how you do stuff and behave. So we "see" you and "hear" you. I adress making money and using the potential of the person to do that. I desire people to "see" and "hear" things that are extremely helpful. You have just experienced going somewhere to get acquainted with Gaussians. My best acquaintanced occurree when I paid a penny an amp for miswiring cables on large dc and ac moters in labs where learning was the objective. Gauss was a big time guy in filed theory for electrical engineering. He looked into the "natural" distribution of stuff as well. His name is associated with progress in the world and from a time when they named things after discoverers. As an architect I incorporate compound corving surfaces in my forms and shapes because they are esthetically appealing. from all of the above and from other fields in which I participate, I know that I can appeal to a person's snses to help them accomplish a goal of getting better at what they do. This is not too important to you. I am going through a series of events with you and you are getting "handled" by me. For me it is a normal sequence of events that I am very familiar with and I know the outcome. People at some point turn to making money instead of being right. You have a lot to learn as you tell everyone, indirectly, but mostly by your choice of words. In a while you are going to discover that monitoring the market is a terrific advantage for getting very rich. At that time you will want to be looking at what there is to see. You will want "pictures" to see. You will see Gaussians at that time. Right now you have proven to yourself that volume is not important. Draw a Gaussian. Put 8 bars under the line you drew. Use two colors. Now get two colored ball points. one red and one black. With a pencil draw across a landscape sheet of paper 10 gaussians one after another. In the middle use your red ball point to draw 4 red lines under half of each of the two Gaussians nearest the middle working outward from the middle. Finish each Gaussian other half with black lines. Make all the Gaussians on each side look identical to the Gaussian you completed on that side. Above each gaussian write X2X where R and B replace X according to first letter of the bars you drew vertically before. In the middle of your picture between Gaussian 5 and Gaussian 6, write R2R. R2R means reverse your contracts on the ES and the volume you are looking at is the 2 min YM volume. The other thing you look for is a shift labeled B to B. You will find out that R2R means go from the end of a long trend on ES to the beginning of a short trend on ES B2B means go from the end of a short trend to the beginning of a long trend. Why did I invent this? There are about 18 reasons that would muddle the post I am making. It is possible in your life time you could get used to seeing this phenomena that causes profit taking at the end of a hold and an automatic entry to being another hold to make profits. So far, because of your character and mental state you have forgone getting a very simple picutre of how a lot of other people have been making a lot of money. GET the picture????? I don't think so...not you....not for quite a while to come....