Hi EZ, One of these days I'll make the time to expound more explicitly, but for now I'll just say to you that, because of Jack, for the last 2 1/2 years I have learned (and still learning) programming along with trading related mathematics. I urge all of you to take the time to learn, intimately, mathematics related to our trading domain. Programming would be necessary to fully utilize the potential of ultimate trading success. If you do these things, as I have, I guarantee you'll will be able to interpret jack's writings with more insight and apply what you learn from him with greater creativity. Think outside the box. If anyone has any specific questions, feel free to ask and I'll answer as best I can considering my current time constraints. Lastly as I always try to do, I want to thank Jack. Thanks Jack. . I also want to express my admiration for the likes of Spyder and Mak for taking/making the time to "Pay it forward". -kt
Iâm pretty sure I have received a âreligious experienceâ, although mine has been strung out over a few days. This morningâs chart work made something very clear. Some days ago, Aurum suggested that I was predicting. I swore I wasnât. Yet, a deeper part of me knew I was. This morning an epiphany occurred: I recognized PREDICTING behavior WHILE I WAS PREDICTING. I believe once you feel what thatâs like in your body, you will recognize it forever. Now, how do you go about recognizing it? There are probably as many ways as there are humans, but this was my process... First, I needed to do EXACTLY as Spyder instructed, NO modifications whatsoever. This itself needs some time and patience to implement, as oneâs ego certainly will try to combat this. Second, just try to notice when fear, doubt, frustration, or the like; comes into your reality. Those emotions are clear, unambiguous signals that you ARE predicting. Period. No matter what you think is going on. Think about it, and youâll realize this HAS to be true by definition. To stop predicting is almost impossible, UNLESS you first notice youâre doing it. Then itâs easy. Very few people have been raised to notice their emotions, really notice them, in real time and acknowledge they are there. If this sounds too eastern for you, Iâm sorry. Iâve crossed the bridge, been where it hurts, and I know the path to comfort. Itâs in the noticing. Once you notice, you do just one thing: get off the single data element you were stuck on! I promise you, if you were feeling those emotions I mentioned, you were stuck on a single data element. Jack talks about repeating these four steps: Monitor â Analyze â Decide â Act. Iâve heard him say it until I got nauseaus. Now I get why you do this. It keeps you out of prediction. So, the sequence Iâm suggesting is: notice negative emotionsâ¦. Get off single data element to full data setâ¦. Analyze by asking yourself what should be next based on the ânowâ data setâ¦. Is that happening?..... rinse and repeat.
Who caught the FTT at the end of the 11:25 AM bar (5-min charts)? It confirmed a FTT for me because it was also a bearish engulfing and moved back below the R2 pivot. Just want to make sure I see what I see and not what I want (sound like JH and Spyuder now). I went short at 1390.75 but got skerred and covered at 1390.00 at the lower trendline after two doji candles. ES broke out on the next candle and I went short for another point and got out near the 20 EMA but too soon. Entries are coming along pretty good. Still have my old issues with when to take profits yada yada yada.... I keep cutting at a point or so when it appears to fizzle and missing out. For example ES is 2 points lower from my last short cover and in hindsight it made perfect sense to stay in the short but of course I always pick the right exit in hindsight
Thanks Bundlemaker. I make sure I don't get into a predicting mode by keep asking the computer screen this: "OK market, what do you want to do, continue or change? It's up to you, just let me know and I'll take the appropriate action." I know it's kind of silly, but it helps me make sure I don't think I can predict the market.
Frame this. The emotions of data sets and the routine using NOW are: support, comfort and confidence. Bob (bundlemaker) is on the mark. The CW emotion set appears from incomplete sets and sub looping with single data elements. When you depart from observing the taking of the data set, you now longer have the support of your belief; you lose the comfort of knowing how to know; and you no longer make each pass of the routine a building on success which is where your confidence comes from. Frame this post of Bob's.
Here my ES for the morning. Best thing for me was to see the breakout at 10:30 and volume was getting lower and lower on ES as well as YM so I did not look for pt 3. Also there was no preceeding FTT.. regards, Ivo
YM for the morning. Was leading ES most of the time. Just the last move (pt 3 at 11:48) ES seemed a little quicker. Clearly no CCC and all that in these volatile times. I guess one could trade whole day long these days. comments are very welcome. regards, Ivo
Add your 'Forest Level' Carry Over Channel from the previous day (Friday), and clarity appears where confusion once ruled. Edit: Note how Price respected the Red Right Trend Line to create an FBO on the Red Channel. This trend line resulted froma Point Three at 15:40 PM Friday - Spydertrader <img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=1384187>