BM... Anyone posting is pointless. You, BM, have to figure out how to answer your own question. Debriefing is all about figuring out where you went wrong. I couldn't answer your earlier question today because my chart was different than yours although I still would have been able to navigate myself to the right side of your chart. However, according to you, my comment would have otherwise been incomplete. Alot of what I do is different than what gets posted here but we usually get to the same set of answers/actions. At some point, I flat out would not allow anyone to answer where I went wrong simply because I had found that I was more than sufficiently able to find out where things had gone awry. Unfortunately, your EQ has left you in a bind. Were I you, I would figure out a way to make sense of what looks like nonsense. However, if your goal is to convert content to programmable logic, you are going to have excruciating difficulty. There are ways around the obstacles that you see as unpassable. Take for example, PRV noise, you can actually get rid of the noise before the bar has even started... How do I know this? Because I asked the very same question to myself. The answer took me two weeks to sort out and realize. Again, without bread and butter, none of this is going to sink in. It is clear that you are frustrated. How do you cure frustration. You focus on something that works for you. However, I know what your criteria for "works" is and for BM, this may be a conflict... These are questions that should have been raised months ago and in accordance with the syllabus. BM, start debriefing. You have the answers! If you don't think you do, then you are missing a critical part of this process. What if ET and it's many aliases blowup? How would you step forward then? So you have to figure out how to stop digging a deeper hole....
Great question Mak, and one I've asked myself many times. What if one morning Spydertrader said, "That's it, not posting anymore, gonna live my life, cya." At first I felt a little nervous, then realized all has been provided and I may have to work a little harder to find answers. During the trading day, while waiting for the market sequences, I have read some of the older threads and have found some great nuggets. Everything has been laid out before. -Mike
I just took 4 complete days off, away from trading and charts. Prior to that, there have been several breaks of a similar period throughout the summer. If you really think that 7 days versus 4 days will make that big a difference, I'll try it. I won't post, reply to PM's or look at any charts until next Monday.
Quality, not quantity, matters most. Don't talk about trading. Don't look at charts. Don't read Journals. Don't watch CNBC. Don't try to 'figure anything out' with this stuff. Don't even think about any of this stuff. Then, come back, and begin with the first posts of this month. - Spydertrader
bm, did you try the butter & bread approach yet? do a trade plan on pt3 first, when that worked, use the insight learn from pt3 trade to refine a formation breakout trade, and then maybe TL BO, then ftt... I'm aware the above approach is NOT the right learning progress suggest in this forum, I just hope you will build confidence and believe in pv / gaussain when you are done with pt3 and know it clearly what to do next. Thank you for the video. PS, you are a lucky guy, I posted some questions, no one even bother to send a reply, and I have to told myself what a stupid question it was and moved on. and sometime the no-reply worked for me
Keep up the great work. Your first red FTT is the start of a Dip (you'll learn about flaws as you read along). Other than that, your channels appear spot on. You may want to add tapes to your charts to begin to train your mind to 'see' them for later. - Spydertrader
hey spy, can you lend us a hand and tell us what chart time frame is[are] best for drawing channels? haven't gone through the whole thread and can't tell from recent attachments... i am just now trying to give it a go... grazie, piero.
Hey Bit. You can use any time frame to draw channels, but for the purposes of this Journal we are using 5 minute ES Charts. - Spydertrader
Great! I feel like I'm learning this stuff really fast but I'm not going to jump the gun and skip ahead. I like where I'm at now and I see how money can be easily made with the little knowledge I already have. As for the tapes, I do add them real time but remove them as the day goes on to clean up the chart a bit. It makes the forest view a lot clearer. Thanks again for all of your effort in compiling this forum. I set a goal to get rid of my day job in 8 - 12 months and it looks like that may be a reality a lot sooner. One step at a time though...
Hi Bundle, I am sorry for not replying sooner. What was "all day" for you was night for me. There's really not much to add. Your question in that particular post was "Is this really B2B?". I responded "Yes" and elaborated somewhat. Then you wrote you agree with every facet of my post so I suppose it is clear now for you that it was B2B. I would like to repeat that I'd like you to post your fully annotated charts. Else I am not sure I can help you. regards, Ivo