I traded real money monday - thursday. 13 trades. Net loss 2 points. Basically I was all over the place the first three days. A monkey could have done equally good. Thursday was the first day when I managed to stay disciplined and focused and do the right thing at the right time. I only had two trades at BE+1 on thursday, but it was still the only day Im satisfied with. I will continue next week, but I´ve decided to only trade 9.45 -11.30, I won´t even look at the rest of the day, cause I know boredom makes me push the button more often then I should. If I can stay above break-even next I´m satisfied so I can continue practising with real money. Weird how difficult it is to do the same thing with real money as in a simulator...
An interesting paragraph from George Angell's "LSS - 3-Day Cycle Method". It can help in the early detection of a reversal. <table border="0" width="100%" cellspacing="0" cellpadding="0" bgcolor="#EEEEEE"> <tr> <td width="100%"><font size="2"><b>Looking for a Bottom? Here's the Ideal Pattern </b></font> <p><font size="2">The hidden genius of [George Douglass] Taylor's observation lie like gems amid the confused writing. Consider the following: </font></td> </tr> <tr> <td width="100%"> <table border="0" width="100%" cellspacing="0" cellpadding="0"> <tr> <td width="5%"></td> <td width="95%" bgcolor="#FFFFCC"><i><font size="2">"Bottoms of long declines may be reached by a particular violent downward thrust - establish a low - generally followed by an immediate sharp rally and a subsequent slower decline on a greatly reduced volume and activity - stopping short of the last low. A trader does not try to buy long . . . this fast decline - he waits for the 'quiet spot' on the reaction after the rally - and when the market becomes 'dull.'"</font></i></td> </tr> </table> </td> </tr> <tr> <td width="100%"><font size="2"> Students of the tape do well to follow this advice. Despite the writing, I've never encountered a better explanation of when to buy. I urge every trader to get a copy of "The Taylor Trading Technique" and struggle though the pages for gems like these.</font></td> </tr></table>
BE DO HAVE BE a trader first. Get your mind in synch after the first post gaussian warm up. Looking into the mindless aspect of awarness watching itself unfold effortlessly throughout the day should not be an aspect of its B team like property. You are dummies. What was after the Carter something or other ? My opinion at this poit is to focus as you are on trading daily. I will work to get the 10 SCT textual streams rolling along with the four appendices. It is not going to be possible, as you say (unfounded) to deal with TA in the TA forum. By emphasising trading in a trading forum we can back into the TA basis of SCT. In ET there is a coming recognition that it is not possible for everyone to trade commodities. In fact, mostly everyone should start with equities for several reasons. SCT is different that the CW (Conventional Wisdom). The basic pervasive connection SCT has to the P, V relation is SCT's foundation and as has been stated, CW is the opposite of the P, V relation precept. This opposite viewpoint has to add a whole series of non TA fixes to compensate. The basic test of efficacy of TA concepts is if they work throughout the spectrum of the separate time durations of the operation of markets. I use seven durations to perform the efficacy tests. Thee are no aspects of SCT that have not passed this efficacy test. Here in this thread in the Trading forum, we have the capability to set standards of quality. DO By defining a requested answer in the form of a picture that slowly emerges from the very point where the key is located is the creation of a beautiful expereince from where a person never goes back to where he was before. These pictures im your mind are a wonderful experience of alien awareness. We first explored these methods at area 51 for SRI and a few unmentionable black ops I directed along with Puthoff and some others from Majestic 12.......oops forget I said that. This NLP process is remarkable.The content said that my post on building the picture was final prove that I was insane or some such. This all means that he is very close to ending his personal drama on wanting to trade without volume and 19 other things he denies are of help. He is now on a path doing his journal asking for suggestions that are the antithese of what the dream team does here. fortunatelt there are many many ways to make high velocity money. They do seem to converge, however. HAVE There you HAVE it. Just DO it.It is my belief that capabilities for making money can be greatly enhanced by the electronic advances that support making money. I see mak really quickly explaining how he enhances stuff. his performance is there to see as well. I particularly like how all team members state their progress in refing what they are DOing. this very pragmatic human engagement is the most helpful thing that can happen. It is the essence of how transference occurs. we HAVE the step to make the guassian pic. we HAVE the pic. It's good enough Only use it when you need to. Read the sweeps write up below so you can see where to use it. Cut out the pieces where chart part is and paste then below each other. Put all levels coarse, medium and fine pasted together on a cardboard. About 25 inches tall. By drawing about 50 lines down from the top, you get to see the sequences of the market. Every time you complete 50 (put start time on each) print and paste a new board. several results happen. The solution to pollution is dilution.
Great job Jack! You must have posted a real zinger on someone for them to dust off their Grob106 alias.
Hey MakosQu - you'll have to up your post count a bit more to catch up with the real MAK. I'm going to have to go back and catch up on Jacks posts - sounds like he really stirred up a hornets nest to bring these guys out.
This matter of dryup volume is a fascinating one and I am wondering what is behind it. Smallest bar of the day, Wham, breakout. this happens time after time. Often it doesnt really go anywhere but sometimes it does. In any case you have a low risk entry if you can figure out which way its going to break and that shouldnt be too difficult. You guys who contnually mock people really need to put your time to more constructive use. This type of thing does damage to your psyche whether you realize it or not.