Look at the slower channel in which days of trading occur. We see that line as a Support level just below the price range that is ensuing. Lets go to over kill for a moment. We then get to find out overkill doesn't matter because we take profits the same either way we look at it. This is one of life's moments when you find out that "too much is NOT worse than none at all". Let bar 7 bottom be point 1 and let top of bar 12 be point 2 of a long trend. Point three is bar 17 bottom judged as a high volume bounce off point 3. No matter what you do you see bar 22 top as a reversal point. The bottom of bar 17 was reversal off the LTL you projected off prior bars. this was a no brainer done from peeling off the point 3 top of bar 16. By bar 22 top you have nailed 6 reversals and are 25% through the day. and sitting on DU volume. 6 profit takings in DU and slaloming Bar 22 kills the long trend where the TL is parallel and inside of the slower trendline that s coming into view. we can see at this point that the midday CCC is coming up and it will end at 13:00 plus hours.
So I have pointed out the annotation required on the traverse levels of trading the 5 min chart. That is that. Now I want to go to the envelopes of the five minute trading fractal. By having the traverses and the envelopes down cold, we, then, have the NOW part of trading bounded. the first thing to observe is this: The projection of the first traverse (leg 1 of the day) could have been projected (meaning do it next time) to the slower fractal trendline that is rising into the future. the thrird trend formed by points 1, 2, and 3, respectively with bars 12 , _13__ and 16.could have been projected onto the rising slower RTL also. We also see that volume today is best when the trending is south (short). There is an arrow on the chart. It is at a strong signal point that is a confirmation of what the day held. The chart is labelled DUH. before DUH, comes the midday slalom on the CCC and then the pm BO and its FBO. The FBO telegraphs the BO of the slower ftractal trendline RTL. The BO (33) is B2R cycling that goes R2R immediately(THE FBO (37) SIGNAL). bar 40 on high red volume aces the slower RTL. the Annotationsare terrific here, almost. the trend was gotten and the additional volatility was gotten. All traverses are very tradeable as well. But they are not annotated. to make the optimum money you trade the traverses and they are just banging away at the trend channel as you see. The arrow just turns out to be an incidental notation in the midst of a series of killer money making traverses. So you see my commentary is just another dull set of pages that say the usual. But the fact is this: You will actualt begin to do what you see me doing at the time it needs to be done and projected. This was a terrific day for making revelations manifest. Spend the time drbriefing on the day. I didn't porst the annotations first to be able to allow you to see the annotations appearing from reading as you have a print of the original posted chart beside you. Go through the posts five times then annotate the chart yourself and do it once more. It is spread out well enough to allow it to "soak in" like a gentle rain. Be sure to give yourself a lot of credit for what you did during the day.
I do see the randomly placed blue line with the P on it and the MA and the green lines and the yellow lines and the red lines. they don't bother me at all.
There are about 5 trades possible on each of these days starting no later than 14:07 for front running. Use an odd harmonic approach (spiking) and trade off the DOM 5 level for the fine. I have tutored through 300 point swings on the DJXX before the minis were invented. It is an experience for the person whose account was being run up. Like four aha's in a row nd then an asmptotic gee whizzzz. Who knows what the numbers above mean from a making money point of view?
I guess the numbers tell you whether you go short or long on the first entry...LOL So drop the signs and use a multiple of three for each number and calculate the sum for one contract for the span. Yuo will probably come up with a sum that is over 1,000 dollars.
LOL Thanks Jack for the play by play, and Easy for helping me to deal with some of my own issues. Anthony
What a dummy you are. Do 30 points a day for 250 days. Hint this is DJXX. See if you can show yourself how to make 75,000 dollars. Test it. Why run your mouth the way you do and then tell us you haven't tested what you searched out that I wrote meny years ago? Make 30 points and quit for the day each day. This is for a person who wants to do as little as possible to make 75,000 dollars. We both know that mostly everyone trading makes over 75K a year. It is kind of a definition of whether a person is a trader or not. A person is definitely not a day trader if he isn't making 75K a year. You are telling me you are a trader and I am not a trader. It looks like to me you cannot understand anything I am talking about. Here is a definition of a trading contest. Pick a period of time and post your results. Then anyone else who wants to one up you can just post their results for the same period of time. It is just a simple historical thing. Obviously. I have already posted some results at definite times that were checked by third parties (broker to broker FEDEX's) to satisfy that the results were valid. My best shot to date was 22.67 times the annual number you have been reading today in your posts. It was a one day net exit and not an annual value. it was a short duration position trade using about 15 times the amount of money you are typing in your posts. This is a polite way of telling you that the record is on the record. Here is another clue for you. The third party person (broker) offered a ten % discount on trading commissions to any person who traded with the method. Why? You tell me why. See if you can figure it out.
I would appreciate it if somebody has the full 2 min ym chart for today that they could post for me. For some reason I could not get any YM charts working in Ensign today and could not contact their support either. I would like to have it all in one piece so I can use it with the commentary. tia.
my pleasure... Its my job to support the efforts of others. The payoff is really beyond imagination. By typing what is on the table from moment to moment, I feel people get to see and feel what I am suggesting is valuable and then possible. On the other hand when i see the name chicken I think of our family living in the Mennonite part of Bucks County PA from which I commuted by rail to the UCSC (University Citiy Science Center) in Philly. Every Spring we assembled our range chickens to butcher them going family by family. We used a small snow fence in a circle to pop the chickens into as they came off the chopping block. When they emptied we picked them up and dipped them in a cauldron of boiling water to make it easy to pluck them. My job was next. the gutting and passing the chicken to the folks who cut and wrapped the birds for freezing. One year my son mixed up the pig and chicken pellets and we had chickens with humungous livers. LOL... that where theMennonite story telling comes from I guess. So I just see the word chicken and reminise....lol.....