Drill 6 - MADA Sorry I have been away from the posts. I have finals this week and then I will be done with school and focus more on these drills. I have never worked with a trading program before so Drill 7 will be a little shaky for me. I will try to get both Drill 7 and 8 in the next two days. Here is my best attempt at Drill 6. I look forward to updating and implementing it as we continue to build LTM.
thank you for making a sound beginning Ir is super to know you are not plagued by myths and their consequences. this kind of quick brush stroke gives tangible points on a spectrum.
Drill 7 and 8. Drill 7 was a bit hard. I know how to set up a chart the way I would like for it to work, but I have never set it up to view the market with in real time before and I don't know how to. I need to set up a trading account and link up Ninja Trader to it. I did my best with what I could see on the program, though I may need to make some alterations as I get more familiar with the program, especially with the daily set up and the ending debrief. I will likely come up with a routine for myself...a checklist of sorts, but I don't know what that will be like yet because I have never traded or used this program in real time. Drill 8 was fun to do and interesting to think about. I know I will inevitably learn more and thus need to add to the contract, so I built into the contract periodic modifications. Any suggestions/corrections are welcome and appreciated. I read the IB Agreement and it doesn't conflict from what I could see.
Almost all bars start from a SYM. IF first two bars form one of the four internals (SYM, FTP, FBP or HITCH) and the third bar starts as a SYM compared to bar 2 and bar 1, then the three bars form a lateral case. . The question is: Why cannot I regard the case as a lateral case and the BO of the lateral has happened on the third bar if the third bar closed outside the range of bar 1 as it finished?
I'm trying to get caught up with the exercises... I'm not sure if I'm supposed to use the same naming conventions as everyone else.
I forgot to include the leg study... Interesting that a down bar can be bullish or bearish based on which direction the leg 2 formed.
Volume exercise... I think there are really only 3 3-bar configurations, then their reverses and then their volume subtypes. Not sure if I did this correctly. My work assumes that volumes are never equal. There are quite a few more permutations if volumes can have the same value.
There are 4. That was posted already so make sure you read through all the posts. There is a Peak, (largest volume in the middle), Trough (lowest volume in the middle), Increasing and Decreasing.
this is the second post of the thread Lets merge all the work everyone is doing. For convenience I will post this as if a person just strumbled into the thread and wants to catchup fast. Post # 1 scopes and bounds our efforts. We are going to be making money by using a simple system in a partnership with the market. So here is the plan from the top down. Work is done to build our minds. We learn by doing drills. To catch up you cheat and cheat as fast as you can. You do a copycat approach by writing on sheets of paper the work others completed and posted. This is a form of work that is a poor one BUT it will work for you if you think as you do the cheating. We are learners. You found out in school that all you did to learn was do drills. Drills build the long trem memory of the mind. 5 x 5 is easy for you to do . you remember the product from the multiplication table. The mind needs tables to trade., You will do drills to have the tables in your mind. This creates a working vocabulary. We treat the market and the trader as a combination of two systems. You are a system; the market is a system. A system is three things: a structure; a process within the structure and the results outputted from the process within the structure. Te structure is composed of parts. we put the parts together to form a Lego type structure. The process is several entwined Orders of Events. read the last five posts to see the flavor of OOE's appearing. The results come from the market/trader partnership whereby profit segments are taken as the system operates and the MADA routine is done. The first 8 drills provide the foundation. We did a drill on five charts to discern that the market maks money continually via the concept of price change in a trend. The trend has two ends and a middle. you prepared a legal agreement to establish the tasks of each partner in the partnership. You established that overstepping the bounds of responsibilities leads to failure. The MADA routine is repeated to make the money the market offers. In summary, you have found that turns define the ends of trends. A hold/reversal trading technique assures that the full offer of the market is taken segment by segment all during RTH's. Almost no capital is required to trade. The BP of the ES e-mini is 1 contract to begin. You make 20 points and you have doubled your money roughly speaking. You are required to begin with trading only 1 contract. The trading cycle permits you to use both types of trends (long and short, alternating) to make money all of the time. OOE's permit you to "anticipate". The independent variable (volume) determines the action of the dependent variable (price). Both exhibit, now known, OOE's. As the mind is built, a spectrum appears. the infilling process is automatic and controlled automatically by the brain. the brain asks questions it needs answer to infill the spctrum. This process of generating the questions is done as you sleep. Trading is done by being conscious of your emotions. You sideline when you have emotions of anxiety, fear and anger. you are in the market making money when your emotions precipitate feelings of support, comfort and confidence. The perception equation applies ccompletely. Perception is a sum of sensing (10%) plus inference (LTM) (90%). Sensing uses three operators: space, shapes and change of shapes). We build the mind (LTM) with drills. You learn price and volume shapes. You learn the OOE's of change of shapes. Your emotions are in place to let you "know you know". If you do not know (unconsciously) you are told unequivacably by signals from below the neck. This is the state college version of intellect (applied science) and NOT the Ivy League version (theoretical sciences). I can answer both types of questions since we built this designing nad developing the complete theory. QED.