This is frame by frame image how money can be taken from the Market , everybody can see that RTL/LTL are drown in advance and profit was taken at LTL VE (Left Trend Line Volatility Expansion )...Market was following his Sequence FTT(Point1)>>>Retrace/Reversal BO on RTL>>>(Point2)>>>Non Dom Traverse(Point3)Dom Traverse>>>VE on LTL....P/V Relationship as Usual...I made 10 ES points today trading Dom Traverses Easy "suckers" trades .......and I thank Jack and Spyder for every point extracted....
MB, that is limb resolution level. Looks like a piece of cake for you...cool! Worth repeating the sequence: tape ftt also new p1 > nd retrace/ dom reverse bo on tape rtl to new p2 > nd tape traverse to new p3 > dom tape traverse > tape ve on new ltl. You are indeed a happy man with a similing face
I'd rather see a sermon than hear one any day; I'd rather one should walk with me than merely tell the way. The eye's a better pupil and more willing than the ear, Fine counsel is confusing, but example's always clear; And the best of all the preachers are the men who live their creeds, For to see good put in action is what everybody needs. I soon can learn to do it if you'll let me see it done; I can watch your hands in action, but your tongue too fast may run. And the lecture you deliver may be very wise and true, But I'd rather get my lessons by observing what you do; For I might misunderstand you and the high advise you give, But there's no misunderstanding how you act and how you live. ET chat room has been open for many years and I have always wanted to see this method in action to accurately judge its merit. Best regards, Trapper
Delightful post!!! Moreso for the various lines if those experiences have come your way. Seeing the before and after for another person ranks high as well. There are many many ways to trade profitably. Occasionally, some of those kinds of traders are in the same room. What delights these kinds of people is that they really never see each other as competitors. they simply know and understand that trading is not a competitive thing. Personally, I have a really nice list of these kinds of individuals. in an order of listing, I would note those who appear on panels under the title of "Great Traders You Have Never Met". One caveat though. I've never observed a panel that had a great moderator. The good news is, though, the moderator usually hangs it up pretty soon and the panel "takes care of business" on its own. A more general caveat is that a great trader is always able to recognize another great trader. With respect to live trading, say in a forum at an Expo, if several traders are going at it on one market, the great guys always size up the screw offs in a New York minute. The best guy at this is John Netto, a high school guy who became a US Marine sniper and later an embassy guard. After that he did go through university in China. His book: "One Shot, One Kill" is out of print and now sells for more than the original. I remember once in San Diego he interrupted his intro to say he had to ENTER "ALL IN" right then and there. the moderator had NO CLUE what the market was about to do and neither did anyone else, some of who took the opposite side. LOL.... Priceless. An ex GS guy who is above average in energy....shows a lot of "chicken" in real time......but he likes big blocks to make up for it. Netto has been seen laughing at him.... again the moderator doesn't have a clue. what are these audiences like? they do not get it either. the caveat is this.... If you can't trade you can't recognize a great trader anyway..... Here is a before and after. ecently in NYC there were about a dozen people who , a while back and in a conference room where the ES was projected in real time for a few days, got to see Todd do his first ES trading day live and in real time. They also saw him in NYC last month several years later. Here I posted a 40 car trade he did last JUNE to make 43,500 dollars in 146 minutes. All of this has been real for a lot of people in one way or another. In a few years, all forums will be what you want all the time. It just hasn't happened techniologically speaking for most web sites. A lot of people invite others to skype and the host usually has the screens up for everyone while the dialogue ensues. A lot of people archive their screens on camtasia type videos. They are fun to review; it takes about 40 minutes to do a day using camtasia. A lot of these recordings are available on web sites to listen to as they unfold. Todd's first day was recorded thusly in JUNE 2006. What is the dark side like? It is equally available to those who want to view it. In ET there are a lot of people who do not trade but they occasionally suggest that they do. When others chat about these people it is usually in a humourous vein. finally there are the vendors who are terrific support people for traders. Sos @ Think or swim comes to mind. He really helps people through his knowledge of IT and making money. I like watching the "Great Traders You Have Never Met" go back and forth after the "stock moderator questions" disussed at a prior lunch prep have been exhausted. Last caveat. You brought it up and it is a stumbling block for someone such as yourself. What you want to see is going to be hidden from you. The reason is widely known. What it would take on anyone's part who is in your boat is also true: "that it is difficult to get to a place to be able to deal with it." Todd addressed that in NYC with the group he met with. To go to that meeting you have to apply, or be invited. Several people made up to three passes to sneak into the deal. Others who were invited couldn't manage to recognize the opportunity and elected out of the opportunity. What did it take for every skilled great trader to get to and take the first step? Everyone in the poem who is an example did what it took as well. What did all of those persons do? What did Todd say to everyone to explain what he did? Not many people can think up the punchline. Who really cares anyway? A person can see, as typed words, the punchline or, better still, hear it or see it. But so what? To not have the Black Swan possibility that is not part of great traders and their many approaches is something that is poetic as you point out. The boot camp was able to make the point via the host. It happened in the litany. Everyone is able to not have to be on the side of the question (or the line in the sand) that you are on. The host is gone now for good reasons. It worked out for him.
Tara, I think you are trying to beat your head against a stone wall. There's no way Jack will risk anyone seeing him trade live. I couldn't even get Jack to post a chart of the future Dow even though he said he was going to. Have to agree, it didn't take long until I could see SCT is a very sub-par trading methodology that is hopelessly flawed. It oscillates between good basics culled from old working ideas but shipwrecked with Jacks paper trading additional halucinations. Anyway, here's my Dow projection and the thread details that Jack chickened out of posting in. Neoxx, this can be done on a 1 min chart a lot easier than on a 3 month chart. Jack is giving you snake oil my friend.
.. just tell now what'll happen next week, or next month, or whatever .. exactly what you're accusing Jack of not doing (he did it successfully for the whole last year and the beginning of this one) .. talk's cheap
General comment. Anyone who is a member of ET may do as they wish subject to the ET rules and moderation. One of the aspects of ET is learning to make money. Both members and sponsors do run boot camps. In each case the purpose of a bot camp is explained and people choose to go thropugh it or not. Don Bright is probably the most famous contemporary running a boot camp for prop trading. Several approaches are intermingled in this training. Here a thread appeared contructed by an OP who wished to help out the operation of ET. The initial advice given regarding boot camp was to go remote and follow PVT for the required time to be prepped to do the SCT trading. That did not happen. Two benefits accrued instead. People who wished got to see and perhaps understand what happens when a person has a different first recourse than the SCT first recourse that is required. Logs for all levels were put up and MADA was suggested in conjunction with the logs. A weekend drill was completed for six of the levels of SCT. This gave a family of curves that linked the market's off to the tading level. Some information was provided that related to the past medical training available and as it related to the workings of the mind and the mind's growth. All expert traders know the mind development sequence for their expert approach to trading. In all cases that I know of, I also know these people's programmers and I have discussed the coding approaches each uses. Obviously the boot camp logs were based on programming the four coding requirement sets for ATS's as found in any expert level ATS package. Trapper posted a poem about an orientation to learning something that is principled. He recognizes all expert trading comes down to principles that are grouped for completeness and proven singly and collectively to be truths as in the case of all principles. Either a person participated in the boot camp or he didn't. Boot camp started in a way that is typical of ET. The participants were fortunate enough to self discover some truths. Others may or may not have observed this happening. At the end of boot camp, the status of bootcamp was that it was on a typical ET level of thread contribution and moderation. That is, it had no value anymore. An alternative educational resourse was available and more efficient as well. For any expert approach, it is a reality that trading is easy and a great deal of money is made. I'm sure all those who are expert are very sure that they know they are and they have abundant proof. They also know the joke cited about "what is the definition of a full time trader?" What makes trading very easy for expert trades of any approach is that they all know what they are doing. Up to the point of achieving this success, they are still going through a transient of iterative refinement whereby they are tweaking this or that. Practising expert traders all had the good fortune of lucking out one way or another. The stories are priceless as they say. Others who do not make it have their stories as well. Those stories are priceless as well because they pronounce how dreadful making beginning mistakes can be. I profile both kinds mentioned above. The success of expert traders of any persuasion may be difficult for "outsiders" to fathom. Usually the profound failures of traders who have had temporarysuccess is easier for "outsiders" to fathom and even empathize with. There are the chroniclers of these types of people and specifically chroniclers of their methods. The OCD types in ET having interesting posting chronologies. most begin in the same way as all others who come here all "green" as I would call them. thier unique dismantling mentally is not usually chronicalled except autobiographically; they are simply unimportant, in the sense of ET's importance, after a while. The six lane highway of trading in the financial industry is the learning of failure. Its companion is the dynamic duo of "securitization/sales and fees" which is dramatically unprincipled to the extreme. Boot camp's purpose was learning how to learn. Success only comes from dealing in principle while learning as Tapper's poem illustrated. There is always a trading contest going on. And there is always scoring of success going on somewhere. Vendors abound as well. I've never completed a contest. I have signed up for a few and that is when I learned the rules of the contest did not jibe with how trading works. At one point I did schedule TV appearances but then cancelled as the shows didn't get on with their intended design but switched to entertainment. As trapper points out, he wishes there ws someplace where what he wants were going on. It doesn't happen on TV or in ET. It is not avaialble on Skype ordinarily. My guess is that bandwidth will come into being for such in the future but that is years and years away. It is very clear that the industry is not being monitored successfully. I am glad that we are past the corny past performance of those whose job it is to monitor the industry. I am very glad that the US Code provides workarounds for the government organizations that cannot comprehend markets and their operation. 2009 is a year on the time line that is very important. A lot of people are going to be finding out just what is what. The collection of people who have the need to compete is always going to be around. They come and go as usual. So far I've never seen one of them become successful at any point. Competing is something people do when they do not have anything else to do. If they don't get someone to compete with tem, then they just drop down a notch or to and explain why they can't understand anyhing that is successfully used by others. Why don't they just go to the P&L thread and be copycats? Why do they just keep setting up scenarios for phishing for this and that? Anyone read any good books on reverse engineering lately? Anyone read how Derman left the financial industry? Anyone read how "The Predictors" found out there was a best bid and best ask?....... Learning to learn means creating in your mind the proper first recourse for the information you are seeing with your senses. You need to see the right side of the market at all times. You need to see that trends overlap. You need to see the beginning and end of the overlap. You need to see the capacity of the market so you do partial fills when required. You need to know where to contribute money to solve local problems. I hear there are a lot of openings on action committees these days. Which Saturday in your town does Sertoma (service to mankind) do food boxes at the warehouse? So you saw a person learn to learn...did it connect with you? I don't think so. He accepts and invitation to fly to NYC .... he is coming to Vegas. He connected and he is connecting to the world to help out.... You guys elected out for learning.. Congrats on your astute decision making........
Very cool post. This is something that should be adopted for all those who have the needs set you do. Any person approaching the potential of becoming a great and expert trader has to, at some point, step across a line. I express it as three all cap words. It is very difficult to choose to partner with the markets. And it is very difficult to choose to trade from the vantagepoint of principles. Here you explain your orientation from the sidelines and why it is so risky for you. This is a direct, in my opinion, result of the first recourse in your mind and the environment in which you live. I bet most of the readers of your post do entry/exit trading and are in the market only a small postion of RTH. There is a moment for a person when he can step close to the line and say a no risk sentence. you cannot and have not. If a person is able to be a partner with the market, he doesn't do entry/exit trading. Why? here is the circle that comes into being for a person who CAN. he listens to tells........... he accepts the tells......... trust comes into the space........ as a consequence, the accepted tells have value...... This is BE DO HAVE. BE DO HAVE is foreign to people like you who do entry/exits and think this inductive effort is edgy and money managed and deals with risk objectively. Only NOW exists in trading and trading only happens in a partnership where trust is allowed to appear via accepting the tells of the market. Thanks for making your statement; it is the mantra of so many many potential traders who are not ever going to have a different first recourse than they presently have. For four generations I have seen your cycle come and go. It is never going to change for people like you and that is perfectly fine. to be a successful expert trader a person has to BE. Be means listneing to the market and its tells. It means accepting the tells. trust comes to such a person. It comes from the market and not any other way around. A person cannot say "I trust the market." The market crates the partnership and this is where "hold" and "reversal" come into being and replaces the first recourse you BE and DO and HAVE. What you HAVE is permanet by now. It is never going to change. What I am to you is what you are using to BE right and not to be able to have a partnership with the market. Neoxx slowly showed how he was untying the knot between him and his trading account. He always found it difficult to not let his account position influence his ability to be in partnership with the market. his first recourse had to become the partnership based on tells, their acceptance, and the trust that engendered from the market in the partnership. The market is always right. Tt makes a partnership work in a stellar way. That is, the partnership is always roght too as longas the trader does his assigned routine (MADA and NOT OODA as you do). TV runs all day and now one is partnering with the market on TV; they are just having good and bad days and do not know the market is always right and its offer is always available to anyone to take it. QED. Great post. You elected out of a partnership with the market.
Your perspective on what you do and believe is perfectly correct for you. Congrats on your perspective and having a viewpoint you feel is correct!!! It is perfect for you to think I am wrong; making me wrong is cool for you and you did it. That was a great post that articulates your perpective. It is consonant with the CW of the financial industry, too. You are in a definite majority. It certainly follows that what you correctly believe for a person in your space (not a box of any sort at all) makes me wrong. Making me wrong is definitely your perogative. As always, anyone can trade whatever they want. Trading PA or trading indicators or trading with both is also a possibility. My recommendation to anyone who wants to make money these days is to choose an ATS that operates on the results of their due diligence and common sense. I fit into that slot as a person who does this kind of thing; you have an approach that works well for you in ES and FX. So congrats. I do not personally give any value to personally having to be right. When it comes to passing it forward to others, I am responsive to their requests when it is appropriate for me. I do not use results as a means of passing it forward, however. This, for a lot of people is just their phishing expedition, in my opinion. I do not support the phishing of others. Sometimes I do look at other people's results of their due diligence. Sometimes people use a method to prove things do not work. Those kinds of results are unfortunate and luckily anyone rational can assess them for what they prove. This is my call: Do your thing and pass on making use of anything I have posted or those others posted who completed their efforts to pass forward the pool extraction algorithm or any of its applications (See the nearly five years of journals). It is not a good idea for anyone to do anything that they are not rationally informed about. In the past, I have observed your efforts and, logically, you have had the need to have my participation absent from your rendering your form of help to others. you may wish to resume your former activities and I will certainly not participate to save the moderators the work of deleting my posts. It is not a good idea for people to observe PA with indicators trading done unless there is an available ATS backing it up to prevent inductive extrapolation on the part any potential traders who could get a little inventive. This viewpoint will not prevent any PA with or without indicators from happening in threads on ET. Why should it? Everyone is free to do as they choose. Examine the Proflogic thread and see how a group of people are trading a market profile with indicator method. Several of the participants make money. Some people there or on the fringes play your role of requesting various kiinds of due diligence items while not participating. The general result of all these facets is the usual: some learn to learn and succeed in making a living; others watch and comment; others convince themsleves that they are right, it doesn't work. Where it fits into a person's life depends upon the person. Spyder and Prof each know and have met each other and life goes on. They also know Marketsurfer and they both know that marketsufer doesn't understand anything about how each of them make money. How could marketsurfer know with the believes and colleagues he maintains? It simply isn't possible. They all can talk about cigars in a smoke filled room; that is where society has commonalities that are not connected to being right.