I couldn't agree more easyrider. I use volume and channels all day long. I don't want to discourage anyone from learning and increasing their trading skills. Many people like myself just want to know the teacher has credentials. Jack can BS with the best of em and I simply don't know if the guy can trade as he claims. He just might be a teacher that is having an extremely hard time relaying the message or he is simply a BSer who gets his kicks by showing us all how smart he is. After all the time and energy he has spent here with little results from anyone, one has to wonder why the poor old guy don't just give up. His time would be better spent making millions and sending it to hurricane victims. Everyone reading this thread would love to see Jack put on his 20-40 actions in a chatroom realtime with real fills and see the results. It never happened before and it wont happen now. Why? Well most everyone here has asked themselves that question. Everybody has also seen his responses as he skirts around this crazy idea to show us performance. I got no ax to grind with the guy. He never charged me a dime - but has cost me hundreds of hours of time. Time that would have been better spent just watching price and volume. Looking at Jacks complicated flow charts and tick tack toe diagrams may work for some, but just muddied the water for me. BTW.....your a level headed guy too easyrider, I just don't know about Jack.
Use this one for making copies and read the long one for making money. The metric is 24cm by 64 cm for making a board. if you follow the posts here you can see some real improvments are possible. the reason Idid the sweeps was to give people some help in getting organized and getting into a monitoring routine. Monitoring is part 1 of four sequential steps for the routine of making money. monitor using screens and sweeping Try for one sweep, just one sweep no more. analyze by comparing sweep data with truths. You are accumulating truths through being here daily in an experience mode. Make a decision based upon comparison of data set and appropriate truth. This is where you sometimes do not have a truth set. this lets you decide something. a. you deside to log the thing you need to find out about. b. you decide take profits right then and there and watch from the sidelines until you reenter when you again know what is going on. Act. Continue is the action most frequently taken. This is the action repeatedly required to make money. From all of the above you see very simply that a lot is always going on. As I mentor, I split the job between myself and the person I am working for. It is a series of hand offs over time. First I hand off the "hit T". It is done as a consequence of hearing (a sensory thing) two words. the person find out that he needs to have the platform already to go at the time he hears words. You can solo on all of this. People get pooped out when I mentor them. You call it catatonic. A movie is 120 minutes. trading is 120 x 3. it is difficult for a person who is young and inexperienced to go for long work periods. I sleep 4 or five hours an evening and have work areas in different buildings here. I do watch movies though by using a DVD thing. Liz sleeps longer than I do and is adjusted to my level of intensity. Her level as CEO and on boards etc. demand that she be effective and efficient too. So we have a good setting regarding meeting standards, having money and making it. she just can'tcome to an IBD meeting because of time; were she to attend, I cuold just let her do the meeting it turns out. she has been through the ramp upfor equities and commodities and it isSOP for her. Very funny at times when she pops in. She is a zoomer. One sweep and she is taking aim at the target. We have a pressed board sweep board here still. I still take notes on it when there is a new wrinkle. I had an incoming this am from a guy who was pissed. He was doing GANNT's on hurricaine CPM's. It was a case of thinking on solutions and trying to rough them for segments of Modified Delphi meetings and not being able to get the computers to lay it our as fast as they needed to make deadlines for hard documentation. Thinking and manifesting solutions that can be repeated ad nauseum is what is done in trading. If you see this you go do this. You need x time and then you can overlap into y to get to z. Sweeeps let you monitor. The compare modus (analysis) is a front end sort. and dichotimous key tail end. I joked with Mak about alexander and Berkeley. I do use his stuff lol but i decline to lecture at Berkeley...lol. decisions are simple..obviously. Getting through the analysis bottleneck and curing it requires a lot of think. SCT package will get all that out and on the table. It is available and the flow charts are watermarked even. Not from crying, but canoeing with them on the Yukon. Do not anaylze while sweeping Do not repeat sweeps to get more data Do sweep to not have to sweep more. just look at the cards and stop sensing. Here is what i am saying. Making money takes several separate kinds of thought processes that Alexander's Method tells you to least couple and make as autonomous as possible. Here the sytem has four parent elements. If you do software or flow charts, lock them in different rooms. work in a room to iteratively refine. Find out how to have fewest connections from room to room . ALWAYS MAKE ONLY THAT CONNECTION SET. As you work in any room be excellent and complete, I mean complete the thinking before you go to next. In all of this you will have a MEMORY function going on. GREAT for you. This is the MUSIC playing. As you go through the repeated sequence of the four independent parts, you still have resonance because of the time constants of your mind. There are three factors with this trading music just as in music music. A sound proof room is not as good as a room with the three basic types of sound handling characteristics. You need to have the ability to adjust your thinkng in these three ways: reflection of thought; absorption of thought; and diffusion of thought. I have gone over proto type panels for the sound room where we are going to do this SCT multimedia package. we have gone through the considerations of delivering a package that embodies the principles underlying the partnership of the market and the trader. I'll scan some pics maybe. To be in harmony with the market, you have to play at the market's level. We are doing that through practicing at various levels. Now the SCT level is coming into view. A person has to let go a little bit to enjoy the opportunity. We will arrange for you to do that in the warm up for the package. the grants being awarded to creators for the use of the place where this is going to be finished up, have a grat arrangement that has no deadlines for creation. They will be using spaces never built before. The lighting will be LEDs since all other lighting creates too much noise in the sound sensing area. so be prepared...
I am able to accept that my performance is different than others. I certainly enjoy meeting those who have really done well. They drop in occassionally; I fly with a couple (4); several two generation families like doing it successfully too. I have relationships with people who are fully supporting their challenged relatives. As early as 1961, I enjoyed knowing that the daughter of a friend was going to have her whole life taken care of. All of these people are exceptions, apparently. The guys I palled around with in the late fifties and early sixties make a good example. For only 1 in 5 felt it was worth their time. For those who did, it turned out okay. I've never had a broker that did not coattail trade my accounts for whatever reasons. This just shows how uncomplicatd the timing is. It was not unusual for me to have a collegue of the guy who ran my accounts say that he had x shares personally (five digits in shares at least) of whatever I was in at the moment. I am just an amateur who is oriented to being in support of others. You need to bury me every few months because I pissed you off for some reasons. That is your nature. Your characterizations of me are way off the mark in my opinion. I am no big deal. I am a human being who works to help others. You were in a beginner chat room working on rockets only. Anyone who can't get beginner activity straight has nothing wrong with them. I stayed there as long as was possible for me. This is SCT stuff, now. You have every right to participate for your benefit. You do price and volume for some reasons. They certainly aren't because of me. You do what you do because of you. My recommendation is to just take what satisfaction you have gained from damaging my efforts and let it go at that. Were I you I would not even think about SCT and its concepts.
Jack...no hard feelings on my part. You've been like a bad trade that I'm trying to nurture back to b/e or a profit. All I and many others asked was to look over your shoulder in real time. As you sweep, you simply tell us your thoughts and actions. I don't know of a school in this country where they don't ask to see the teachers credentials before they are hired. Does the so called teacher just say "Yep, I got a Masters from Harvard" and that is good enough? I guess its too much to ask to get proof. Proof of all them books you wrote, all them successful students you've thought, and proof that you can trade. I'll just take your word from now on. Sorry for any disruption to the thread.
I think I made it a part of my routine to attend most sessions right up until the end of Jack's participation. I find it interesting that I do not recall any of what you say went on during those sessions. But it's likely our expectations were drastically different. Jack switching calls? I don't recall that. Operating behind the market? I don't recall that either. I glanced back at some logs before posting this and they are consistent with what I recall, which is that a group of people were very supportive of each other in learning. With regard to your direct question of me, the only honest answer I can give is "I don't know", for the same reason that's the only answer you can give, if you're honest anyway--we couldn't see his blotter. But your question is one that didn't concern me. Were there some grumblings by members about not making money? Sure. I remember that. Were there trades by Jack that I could follow that resulted in a loss? Sure, I remember at least a couple. But those things had nothing to do with the value of the experience for me. I do not doubt you got little out of your experience from those sessions. But you do not speak for me and others I'm sure who learned. So let's be fair about this whole thing. This isn't for everyone. Just like trading isn't for everyone. Sometimes what's best is to cut your losses and move on.
So many words, so many clattering keyboards, all to justify something which can not be justified...to explain what can not be explained. We have someone here to loves to thump his chest and claim to be a superior trader. Someone who takes every chance to exalt his experience and strategy above others and denigrate with insults and vitriolic words any and all who may disagree with him or even dare question his methods. Someone who wrote this about himself: "I am an expert commodities trader and I have done investing on an expert level since about 1960." Yet, for all the miles and miles of incoherent babbling and posturing no one can find one single trade with an entry and an exit. And when asked to come into the ET chat and do an online seminar, he balks and says that it would wreak havoc on our lesser minds. How about this: If Jack does an online chat, I will donate the amount that he makes to the Red Cross. Here are the criteria: - trade 1 YM contract - clearly state entries and exits ahead of time such that they would be able to be taken by a trader - trade for one day (opening to close) - make atleast 4 trades during the day - take IB's commission costs into account If Jack loses money, as a result of trading that day, he will leave ET and go to the many other places on the internet devoted to him. He will agree to not return using another pseudonym to hide his identity. So I'll add a #6 to what I said before: If any other ET trader wants to get in on the action by matching my offer to the Red Cross, feel free.
Hey Grobbie..... Classy response. Instead of responding in this fashion, why don't you pick up on Babak's challenge? Surely that would be a simple task for a trading professional like yourself, no?