Check bundle's last post. He speaks of the FTT and when it is first sighted. As a person grows more and more used to the routine, Th MODE is always at the forefront. When you make a pass (Monitor) as you annotate, you see that CONTINUE becomes CHANGE. At that moment you have THE sufficient data set to draw the conclusion to get CHANGE. The corresponding decision, then is to reverse on the FTT. Then subsequently, what you see is a non dom traverse to the next place from the FTT to where things can happen. Lots of data sets along the way and they have a MODE of CONTINUE. At some point you may find (not commenting on details here) that something is amiss. If you do, regardless of anything else you get back on the right side of the market, then and there. I have spoken of two actions. The inital action. and the second one to get back on the right side of things. The time between the two actions is a time when price goes with your first action and you are positive in your account whether it be 1 or 50 contracts. If you feel the MODE has stopped being continue at some point after the first action ,you reverse and you see that you made some money. This money, new to your pocket, is just the opposite of what happens to people in whipsaw. What those people are doing is repeatedly checking things out "to BE more sure" and they are what is called upside down as a result of indecision and not taking actions. They get to a place where they are flipping back and forth and, in fact, they consistantly stay on the wrong side of the market....over and over. It really freaks out traders to go through this whipsaw and it is indelibly stamped in their minds and they are always in reaction moslty because of taking single data elements instead of what we do...take data sets and do the routine. You are now starting the YM>>>ES pairing. You now have several "anti whipsaw" protections. By knowing the MODE each sweep of the data set, you can count on taking timely actions at the first point you see the MODE go from CONTINUE to CHANGE. It happens becausewe take forest data at first. we get the forest down cold. We see the MODE go from one thing to another and we are conditioned mentally to be effective and efficient. Conditioned means we see the reason why we have sufficient data in the set to see the MODE and see the MODE go from one condition to another if it does. We act on what we collect. I do not like using a negative modifier (anti) but you need to see the power of what you are preventing as a possibility. You have the power to be on the mark all of the time. In August we will have several additional aspects that reinforce all of this. The expanded data sets let you see further into the markets. Now you see that you have the power. You have it to stay on the right side of the market. You also have the power to keep yourself in the right place confidently and continually. The backup that you also have is to correct anything in the near term future as required and it puts money in your pocket as you do the work on this level. This is a batting statement that I am making. We know how to bat and keep our eye on the ball at all times and it gives us a terrific batting average. Think of CONTINUE as getting getting balls as the pitches are delivered. When the MODE goes to CHANGE, it means swing the bat. Do not fail to swing the bat and meet the ball and run to first base. We hit each good pitch. There is no getting behind the pitch as in whipsaw type batting. The pitcher does not get the advantage here.
real time is easy because you only have to look at one new bar at a time and of course, pratice make perfect.
Off topic question. I played around with ensign to play back the previous days it is pretty neat. Can one play back both the YM and ES at the same time using the tick data available from the ensign website? If is is possible, how can I do it? Thanks
Yes and No. You can play back both the YM and ES perfectly using tick data but you can't do it with ensign. You have to use button trader. Button trader has several example days where you can play several preselected days in realtime and with nearly a dozen instruments simultaneously... Regards, MAK
With the last version I had when I still subscribed, no. I think it was a version from late summer of 2006. Neoticker does allow you to playback multiple symbols at the same time. I didn't get to go too in-depth with Neoticker, but that was one of the nice features about it. HTH -Au
ES... RealTime of course. At some point you will just KNOW what is next and then begin to see WHERE next will be. As a result, you are prepared well in advance of where actions will be required long before it appears... Here is the "during" annotation... I have a "before" annotation on my office machine which I will post in the AM when I get to my office. The "before" annotation was short 1 retrace and 1 traverse...
It gets easier. For a while I couldn't even watch or read the chat because I was too busy annotating and trying to calc PRV. It was nuts. Now it's easy. Regards - EZ
I would really like to see you or others actively do it (in a camtasia movie for example). Annotating is something for realtime anyway. As the markets are developing seeing this realtime would be very valuable. regards, Ivo