I espy a suspicious quantity of furrin' spellin' in this thread! And as a died-in-the-wool (butternut!) Virginian I must cavil that the posting is heavy on ad hominem and more than a mite light in ipso facto. First destroy from within, seditious agitators advise. And what is more ET than Jack? So I say, bewar furrin' influences! Let us set the record straight on this able civil servant and benefactor of philanthropic groups everywhere. Nowhere in the lit'chure will you find even a whiff of hint of a suggestion that there is a complex relationship between price and volume. Right or wrong in its details, Jack invented the PV relation. Fu'ther, nowhere at enny time did ennyone propose that the price of a smaller index might lead the price of a 'nuther bigger one. Right or wrong, 'an I have my 'pinion, Jack said it first. B'fo I continya with Jack's contributions to the theory of trading, I'll let that sink into your thick furrin' skulls.
Nobody is making any "ad hominem" comments around here. Neoxx trades his way into a hole day-after-day after three months of hardcore tutoring from Jack and we comment on it ... that's it. Blatant stupdity. There is a way to anlyze volume in relation to price but it isn't bar-by-bar on a five minute chart. Sheer idiocy. There is an index that you want to watch in relation to the ES, but it ain't the YM (it was on the ES Journal thread that somebody was doing a lot of work on the DAX ... don't remember the wanker's name though). Yep, we just let that shit fall off of our backs like water offa duck.
I will add to the right honorable Mr. Jackson's observations this little trick I learnt from Jack. There is always a problem of attention when trading in one time frame whose properties are influenced by another. An example, for those who watch volume forming in five minutes, is wondering how that volume is building up in, say, one minute. Rather than have us watch a faster time frame, Jack "pro-rates" (his dreadful term) the volume. That is, he predicts what the bar volume will be at the close in five minutes based on how it is evolving. I don't like the way Jack does it, so I have my own code and representation, but the result is the same. Useful.
Funny you say you don't like the way Jedi Jack does it. That's the way I see Jacks stuff too... so near and so far. Try Wickoff and you'll see where Jack makes his volume errors.
_ Registered: Dec 2005 Posts: 1699 _ 01-27-09 12:53 AM Quote from romanus: Weirdening ways of YM exhasberate an occasional lack of "knowing that you know" resulting in inability to hold. I know exactly what you mean, and would strongly recommend that you revert to using just the ES chart. It was only when I did this that I realized how much there was that I wasn't seeing clearly. I think a reasonable target would be to stick to just the ES until consistently exceeding the ATR, and only move on to additional tools when further refinement is needed. Neoxx _ Registered: Dec 2005 Posts: 1699 _Neoxx 01-26-09 07:01 PM Not a long trending day after all. Looks like a long traverse, no lateral, then a short channel... -------------------------------------------------- The YM always predicting the future is another of the Jedi's discoveries. It works, until the ES or any other index takes the lead. The hypnotised Stopped Critical Thinking lab rats get totally confused as the What Must Come Next ... doesn't! Hope you padded that basket Neoxx.
Is this going to be the first thread in the whole history of ET that not one Stopped Critical Thinking hypnotized lab rat leaps to their Jedi Master's defense? It seems the students await the great Jedi Master to appear and call upon the force to expose my error and cook up another 7 point deep spell or 4 Stage Protocol simple one. Or is Jack preoccupied helping Greenspan sort out his daytrading problems? Oh come on Jack, pay me a visit and try a quick Consciousness Overload. I'm dying to hear if you're advising the FED on how to save the economy. I know you're like superman - always doing something amazing that takes you away from demonstrating SCT in realtime. But don't stand this poor girl up. I get sore feet waiting! Luv u too Jack. Tara X
You're going in the wrong direction with this one. It's price, and manipulations of price, that determine a trader's ability to trade successfully. Period. Thanks for the discussion.
While I'm waiting here Jack sweetheart (all dressed up and no where to go) I just thought I'd point something out to you. You know that market trust you preach on about? Well, darling, there's a problem in the bootcamp might need your dealing with as I think Neoxx is verging on Critical Thinking and we don't want that, do we pet? <hr>Neoxx _ Registered: Dec 2005 Posts: 1699 _ 01-26-09 07:06 PM Not the best day for building trust... <hr> Now Jack I think Neoxx needs a good Neoxx'ing coz you said.you spend considerable effort and content and machinery so SCT Traders can demonstrate... something... er, how did you put it? Oh here it is... <hr>Jack hershey _ Registered: Feb 2003 Posts: 3146 _ 12-30-08 10:15 PM The OP states the 1% rule he obeys to deal with trading and investing. He got to this place by decsions he made and the consequences given to him. This is a sympathetic state and status. The three principles of the algorithm lead to the opposite state and status: parasympathetic. The sympathetic stae denies a partnership and the parasympathetic state affords the partnership. How this comes about has been explained and illustrated in the Technical Strategy thread. The RESULT is that a person either trusts the market or he doesn't. The OP doesn't and he cannot. I spent considerable effort and content and machinerey to deal with this in the Technical Strategy thread. The emwave pc measures the range of coherence from sympathetic to parasympathetic. Trust, when gained and maintained, is registered as parasynpathetic (full coherence). SCT traders demonstrate their partnership with the markets and the partnership's principal characteristics: trust and dealing in certainty. _ _ Edit/Delete ⢠Quote ⢠<hr> I just love the way you put things darling. It's so complete and powerful. When a real man demonstrates his thing it's compelling for a babe like me. Trust & Certainty - take me, take me Jake. I've switched off my critical thinking. Make me SCT! I promise, I promise, I promise (see x3) I'll behave and not be like Neoxx who is losing trust in the YM and your beautiful crayons and channels. Tara (waiting) x