The upcoming week wil stay on the level 2 as the Intermediate level of trading begins. At this time the trader begins a new stage of differentialtion. Both the YM and the ES are annotated and logged (on a log that will appear shortly.). the difference between YM and ES is that the 30 and 500 stock based indexes have different time constants just like two cathedrals would. Ulm is much longer that Chartres for example. It is always worthwhile in NY to see the sound buffering set up change in Lincoln Center. Time constants determine character. To heighten, further the differences, two incompatible fractals are used. Their least common ratio is 10 minutes which doesn't bridge the expert frequency of reversals. We look to the brisk YM to lead the massive ES during times of change. By this increased bandwidth we get to see the extent of corrolation of trend slopes as well. Many times the robustness (strength) of one market is favored. During this boot camp we have begun , slowly to optimize reversals on traverses. We are moving the reversal to sooner sooner in the period of change. the width of the window we have been looking at will now narrow. And the lookback distance of the moving window will aslo get tuned. This single improvement in effectiveness helps more to shift the sympathetic to parasympathetic than most other skill enhancements. Last Friday, it became clear that old CW recourses were diminished and the "belief" and trust in the market's "speaking" grew in value as an acceptance process that ,in turn, engendered trust. By "sseing" a more agile index signal before a massive index signals, the mind recognizes the vast amount of thinking time that is available. Later on level 1 we will slip on down to a 100 millisecond functionality and still see we have an order of magnitude leeway in timing. Here we are going to dwell in the shift from 5 minutes to 30 seconds as our finesse level. the net per contract is 2 ticks average in improvement as in the 2007 syllabus learning. In these times it will be much more since, with the same time contraints we have better price flow. I feel we will be moving more into the three digit points per day per contract field of operation rather than just the high two digits per contract. 5,000 dollars per contract on traverse trading is very healthy. we can move to monitoring mental coherence soon.
ES carryover Premium -1.04 09:15 - Industrial production M/M (p.s. triangles indicate IBGS bars, not trades) <img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=2179803>
YM Finding it tricky to coordinate the two charts and the log. <img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=2180786>
log Computer froze up. Just lost my ES annotations. <img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=2180808>