log 3 The scanning and image editing seem to be interfering with my charting platform. <img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=2180821>
As you go along in adding trading skills, the RAM capaacity enters the picture, especially if you are on one computer. Usually you can add RAM.
what happens on the YM leading the ES is that you have an advanced warning system for ES. So two types of occurrances come into view. Your M on YM looks like the M of ES has in the past. You will see that making money now has an emphasis on efficiency since you are already effective. Adding the internals gave you fill effectiveness on level 2 using EOB M's and doing A D A as the next bar beigns. Annotating begins to have all questions and choices well answered and it arrives at being complete and consistent from here on out. Doing YM then doing ES makes ES very consistent and reliable. reliable is what we needed to have parasympathetic as there is a pairing of snesing and emotions where the inference coming to give perception (1005) as = sense (10%) plus inference (90%). I will post a chart and commentary to bring out the level 2 occurances and this will be in realtion to YM leading ES and how level 1 is an aspect of that in P, V monitoring and logging orientation. There is a knee in the intensity curve. Meaning that intensity builds up to the point of having a complete picture of the market and knowing that you know. You get to this on level 2 where, as you see we are making ggod money doing up to 15 trades a day. Going up in trades from beginner (4 to 7) to level 2 @ 7 to 15 trades brings us un the neighborhood of the offer. This is being effective. Timing enhancements begin the "efficiency" work out we will be doing. Less energy applied to attain more results.
The chart shows nice heavy handed pink lines to do taping. I regard level 2 as a common trading fractal for getting the job done. Tapes are level 1 and channels are level 3. level 2 is surrounded and both adjacent levels help out. Level 3 provides a surrounding that calms down the work on level 2. Level 1 is frenetic and makes level 2 seem relatively calm and filled with enough time for any work needed. This is true on two charts: YM and ES.
Thanks, Jack. I see now that the 'faster fractal traverses' referred to earlier correspond with traverses on the YM chart. It's reassuring to know that it leads the ES. Thanks for pointing out the sparsity of my YM monitoring notes. Would you suggest logging the YM after a sequence completion on the ES, or is it preferable to keep a running log on YM, with the aim of (later) reaching 7-15 traverses a day. Technical issues and new logs/charts have disrupted the flowing rhythm I had developed on Friday, but I am confident this will settle down quickly, especially after I address my computer problems.
Now I will narrate the day from an Intermediate point of view using two charts, the YM leading the ES. I am trading on the ES and I am going to go through the 9 trades and not all of them would be done on Intermediate. I will note when I step past the "just level 2" and you will see how taping on level 1 on two charts (YM and ES) sets the scene for less enrgy being used to get more results; this is the definition of efficiency. Effectiveness is trader working to do MADA. Efficiency is trader working to make money by obeying what the market TELLS "speaks"
I look at the screen and begin the day. two bars give me a tape. three bars give me 2 tapes. I am going to deal with making money on bar 4.