Mak appreciate the encouragement and enthusiasm. A lot of study will be taking place across the 4 corners of this thread. Roll on Monday ! hocus pocus free for me also apart 1 warm guinness to fight off the remnant of my spring cold. TX posted some camtasia settings some time back which should allow for a much reduced sized recording - will try that in the morning session. IRL
lower excel's security settings (as long as you have a good firewall - software or hardware) and you won't get macro opening warnings... cj...
Periodicity?..... Any thoughts on linking the periodicity of cycles in a day to the PRV sheet. As the days unfold, the time to run a complete cycle can be seen and used to anticipate an approximate time of next DU and peaking volume, so if applied to the excel document the expected time should roll in and when volume does what it is expected to do based on periodicity, we should get confirmation of a leading indicator. The change should be anticipated by time and confirmed by volume doing what it is expected to do. Take a look at the price, volume, and indicator (maxes, mins, and x-overs). Just trying to put some pieces together. EX
Hi mak, I have taken the trouble to understand stretch squeeze and neutral. Hopefully that will save you some typing. Now, all I would like to know is how you tie this in the other Hershey basics. Let's say that 14,1,3 has crossed 80 with the slow line. Using your tool as an example, when would you enter a trade? I would personally enter if volume has exceeded dry up and a str is visible on the YM INDU spread thingy. Would that be the correct way? Okay, now suppose we are in congestion. The MACD is plunging towards zero. The stocs are plunging towards 50. How would you use your tool to trade that? Now we are in convergence. Are we trading? Now we are in centering. How would you use your tool to establish the brackets? Perhaps this will help you when you type the post. Thanks MAK! Best Regards Oddi
With all due respect I dont think that you have grasped the primary use of these tools which, to my understanding, is "do I hold or reverse, and sometimes exit". I dont see how they are going to help you much on entries and establishing brackets, but I might be missing something.
EXCELLENT COMMENTS ALL... Anthony/Excav8r... That is super stuff. As usual, Grob beat me to the punch there. The DRILLS! This is where you obtain muscle memory of the grey matter. In time it is automatic because it is as Anthony says, you don't even think about it, you just execute the actions flawlessly. "LEFT, RIGHT" "ONE, TWO" "NEUT, SQU" "HIT T, SHORT" "PRV CHANGE" "HIT T, REVERSE/EXIT" So getting one to hear the markets is what we're doing. However, the communication is done by the picture you see. There is a boatload of many different pictures that traders use. They jam pack their screens with all types of toys. I say they are toys because many of them are not pure. There are, from what I can tell, about seven pure data variables that we can pull from the market and that's before using indicators. If traders had stats, you would find that in fact the failure rate is exactly the literacy rate. So this 95% figure is an illiteracy rate. If you can't READ market language, the odds become heavily against you. How would you know if you are in a dangerous situation? How do you know that it is time to take action? How do you know where the right side of the market is? This is the trap of prediction, hands down. It is dangerous territory to say the right side of the market WILL BE y as opposed to the right side of the market is CURRENTLY x. "SLOW/VDU" We are in very risky territory! What makes it so risky? There is an increase in the relative frequency of actions taken to keep on the right side of the market.... "SEE SPOT RUN" ... Ah yes, and the operating point. The operating point is advanced stuff. You are well ahead of me on that curve. I have a small set of descriptors and ride through there fuzzy boundaries. You can think of it like the PRV tool, it does not randomly go from EXTREME to VDU. If you only look at it at 5M intervals, it will look random, but therein lies the convenience of a realtime PRV. You watched how the volume PRV'd every so slowly from EXTREME to VDU. So I have many many pages of post to dump out. I don't mind simply because alot of items trigger new ways of presenting pictures that also help me. Oddi and the Cajun made some additional comments related to Stoch/MACD which I will make a post to bridge for the material for these folks. Some of it will be jumping the gun. I will address these when I get back... I am off to the NY Auto Show to look for the new '07 toys that will be on display. My '06 model is getting old... How many contracts*points does it take to pick up one of those new hybrid Lexus LS 650h? Not too many... LOL!!! Kind Regards All, MAK!
Eeek... You are... That is ok, we will clean this up too... My mind races all the time. Sometimes new knowledge will quickly cascade into a full legal pad notebook of detail and avenues in just a short 30M interval. I strive to bridge and connect all that I know continually to filter out for ever deeper and fundamental concepts... We can bridge a few that you already know... However, answer one Q if you may? I know you are and indicator type of person... Where do you gather the majority of your data for when you will be taking actions? That will clear up whether you're in Oddi's camp or IRL's camp... Kind Regards, I'll be back! MAK
After thinking about it for a bit I guess that a reversal signal could also be an entry signal so I retract my last post.
Hi easy, I have been watching you evolve also, and I did not take your post with even the slightest malice. In fact, you helped reveal something that will help yourself and everone else. Sloloming is based on the reversal signal being the entry signal. The trick is to hit the turns with such precision that you are not getting whipsawed. Volume is the key to this. What is interesting to me is that mak's tool appears to make the very sensitive volume readings at this level easy to spot. I sense without really knowing that the str squ tells one when to shift body weight on your skis to take the next turn, so to speak. Best Regards Oddi
The unique thing about pictures is that they are subject to interpretation, no one seeâs exactly the same picture. Monet painted several iterations of each scene, using different shades to capture different feelings, were they really even the same picture? Each one captured a differing perspective of the model. He used the same techniques but created vividly different moods by using shades and color to draw the observers emotional aspects into the viewing. Everyone will observe what they desire to see while the artist paints another masterpiece. The ability to communicate with one another allows new perspectives to enter our train of thought, and cause alterations to our own reality. We only have to realize that we are NEVER finished with educating ourselves. Each experience here sheds new light and color on the possibilities at hand, the outcome is unknown and that is fine, I sincerely hope it never ends. Congrats to all on an inspiring week of moving further down the path (the unbeaten one). I need to alter some neural nets in my turret the remainder of the weekendâ¦.. EX