I did a little tweeking on this: chart 8 shows the blue channel. We see bars 20, 21 and 22 ending the channel. a quarter of 81 bars has passed and sure enough we reverse and go short on a FTT where an odd harmonic is at play for those who are reversing using 5 -- 100 contract reversals in rapid succession. The log notes the bar the time the number of contracts and we skip everything else until we copy the print at the end of the day that has the chip count. We used the row to note X in MODE and R in column D. the remarks said FTT; it was the first of the day. Roughly speaking we will as beginners reverse as we go to lunch later on a bar that is at the bottom of the chart and has a number in the 30's or 40's. This is an M day.
Lets look at rolodex's comment for a sec; he says: "Finally, clear, concise and accurate remarks. See, there is hope!" Clear and concise is the mantra in Strunk and White's "eelements of Style" or you can shift to the "chicago Style Guide" to see the same palaver. The word "accurate" is a word that is NOT one that fits with "clear and concise". I did 8 charts for the beginning half of the am to get to bar 22. "accuracy" is not what is on the table. what is on the table is beginning to get the mind to begin to differentiate by building a few things, repetitively that can form up into long term memory so there are a few specific divisions in a set of locations in the mind where subsequent learnings can come to have an association. What three sentences do to establish this earliest differentiation (compartmentalization) is simply put in the mind three markers that , from reading, can be situated in a crowded place. At teenage the mind has spread out to occupy the spaces of the mind and a shaving away of snaptic connections occurs on a "use it or lose it basis" for a short period of time in teenage. It is also the first time the imbriccament forming the inner surface of the blood vessals is penetrated to begin the eternal formation of more and more plaque in the interior of the walls of blood vessals. lets turn to see where things from today get placed around the three principles rolodex brings up so fortuitously. Pool extraction (referring to huge financial pools of capital) is done through the critical thinking reasoning derived following principles: 1. You have to be in the market to make money. [color]we got in on bar 2 and reversed on bar 21 (top). I posted pageafter page and pic after pic of the reason to put C in the MODE column and H in the D column. this repetition reinforces the sentence: "You have to be in the market to make money." I post to make this simple principle become a dirrerentiated place in your mind that many other aspects can come to in association with your sensing along side your inference to give you perception. we Continue to be in and we HOLD to be in. 20 bars od making money as a beginner. you get support, comfort and conficence. thses do not come from looking at a print at the end of a day or as a "proof" of anything to an outsider.[/color] 2. You have to be on the right side of the market to make money, and Binary. It is NOT a continuum of any sort. It is being told by the market that one side is the side until further notice. beginners use a coarse and crude measure. Thier minds get the first glimmer of becoming differentiated. MODE says Continue from the P, V relationship which is an annotated part of the MADA a binary vector algorithm in itself. We were HOLDING and Continuing on the right side of the beginner market today. The log shows all the remarks between the MODE and the D columns. 3. Money is made in markets through the movement of price. So price had fun as usual. we hiked up and down the volume mountains all the time from just after 9:35 to bar 21's price top. A 100 minutes or so. It is okay to Continue to HOLD to make money and then Reverse when the market tells you to. Then you start making money with more price movement in your gavor as you are told so to do. QED. -------------------------------------------------------------------------------- here is the hiking chart. One trade is B2R mountains and the next is R2B mountains. Boot camp is fun. Beginners make the ATR each trade. Do you need price to take these trades? Do you just need to hike? we reverse into a non dominant and take the hike down to the RTL on the volume. We HOLD on the BO because the rising trail after the trough did not change color on the trial blazings. The trail was a red trail from the peak (recersal time) down into the trough (BO of RTL) and right back up out of the valley to the first R2B peaking of price. Four peaks ahead it turns out; we find out how many as we hike. Same game looking for pt 2, 3 and VE's and an FTT where price does not make it to a LYL we habe drawn in advance and price almost comes to. we are going through boot camp for a month to be experts when we get all the daily labs done. differentiation of the mind is the goal. we are toning up our minds by working evey bar of the way. We get 1600 bars under our skulls. reps make the mind. Paying it forward gives the strongest reps there are. Spyder has contributed to well over 2,000,000 reps in ET in the last four years in three journals. A hold of 20 minutes can get 20 points for each of 40 contracts. Daniel missed that print of 40,000 dollars for one reversal to another reversal. We want traders all over the world to pay it forward in their communities. Communities have problems; money and donated time solves those problems. Paulson made a 100million a year for the three years prior to becoming a second string treasurer. Who cares? People to people is how it happens with pool extraction. As rolodex says: 1. 2, 3. Can you read the words?
Let me respond. A few years back a person similar to you set up a third party who was an IB. He imposed on the third party before asking permission to do the deal he put on the public table. A Fed Ex was sent to the third party by a broker who did 31 trades for me one day. the Fed Ex was a verifyable print of the T&S and the T&S was sent along too all hi-lited for his futher work affort. The third party was new to me and I was new to him and my broker was a person who spent some time on my behalf to provide a convenience to the person like you. The person like you thought up the third party deal so he could get a report from a person he was inconveniencing even before the third party knew what was in the wind. There were consequences. The third party made it all worth his while. And he returned the Fed Ex contents after completing his work that was volunteered on his behalf by a person like you. What happened to the person who thought up the third party deal and imposed upon his good nature? You will find out through your future experience. My IB at the time was runnig a lot of accounts and Fed Ex'ing is common. She left 200,000 on the table that day and we did not speak of it in any way except earlier before it began to happen. I am a"good enough" person and trading is trading. Speaking of taking things for granted.... enjoy... The name Jack hershey is just plain funny and gets a lot of laughs... It will never be important nor will I. It just happens to be my name and there is no phone assigned to it nor any address except for tax purposes (I borrow the address with permission). People have seen us trade. They have not been humble at first; they had the need to compete and makie attempts to show us who is whom. i'm a friendly guy and it is always allright by me if they, in the future make requests of me and the guys I pal around with. Some guys I pal around with view things from the vantage point that their time has a worth that is fair. It all works out for the better. I am what is called a freebe if I am available. how you view ET is your business. I see it as a place to help others. Here is the chart of the am with two full trades as indicated. It was annotated as the chart formed. If a person wants to see what happened, I revommend making up a simple log and writing out about two pages of rows to gain an understanding of the market and how the annotations you see serve to make money by being in the markat all the time from open to close. regarding the third party verification: the net on those trades that day was 1.7 million. Get it. It was verified and the third party cut fees to anyone who trades my methods 10%. He was able to coattail trade those accounts. GET IT?? (as traderzones would say....LOL...) Okay you don't get it and you are chosing to not get it. Super. Laugh when you see my name from now on or put yourself on ignore.
As we all know, the ES is traded on a two point scaling. the simple reson for having the same scale all the time is that the sensory system is then calibrated. Some days are exceptions simply because they are unique in history. Go with the flow and let your mind (conscious or still in some ways unconscious) work as a partner with the markets. As a boot camp primo comment, there are no uniforms required and it is not a "my way or the highway" opportunity to whine and moan in the back row. Anyone can do what they want where they want to do it. In boot camp it is an ernest kind of time where getting tired doesn't happen and everyone works their skulls off. Tape your mouth shut with 3M micropore tape in order to breathand keep the CO --2 at balance and your heart waveform the kind that comes from being grateful and appreciative for your personal efforts, for the pleasant efforts of those around you and for all the things in the world that are there and that you want to be better and better as time passes. this way breathing takes no energy and you have all the 0 --2 going into your gtain that it is possible for your pumping heart and bod to deliver. Trading is essentially a supportive, comfortable and confidence engendering way of moving along. My T'ia Chi insructor was taught by the 91 year old guy in the 1993 film Moyers made china. He came to the US and Tucson earlier and lived in her home. He taught a person she visits in New Zealand who has competd in the government annual contests. In this person's picture in our training room she is wearing 8 gold medals. My instructor was told she would spend 8 years learning the 106 steps. She became proficient in 2 months. why? When she touches the arm of somone plugged into a PC that person's system changes in three or four heart beats from sympathetic (gas pedal orientation) to parasympathetic (balanced and in harmony). We should troop around and plug in some detractors so they can have their first whiffs of life. So Friday was a special day on Wall St. and Main ST and in the Congress and in unemployment lines. I'm only 75 so I haven't seen it like this before except in the mid 30's and beyond up to the WWII. The turn into lunch time was long and ended with the last reversal of the day. The PM chart is below, It is annoted as the PM of the day unfolds. Slide your opaque cover to the right as before and do the two pages of the simple log. This four page log is now a treasure for you. We will do a 3 inch 3 ring binder by the end of bootcamp not including the posting in this thread. set up another 3 ring binder for that so you can flip and flop the pages at will. Every few weeks take youe BMI down a point by either getting taller or more fit weight wise. 25 BMI is where you come to rest for starting the next year, if possible. change your diet and start exercising in a reasonable way.
here is a closer look at midday coming to an end as it usually does. ead the annotations and check that your remarks have thewordsin there in an abreviated form.
the next few bars are just the regular fair as PACE foes to the max and we see MODE with C's for each MADA loop we do. H is in the D column as expected after the R on the FTT row as usual. you can begin to see how in boot camp we will run through 5 days of the past @ 40 mins each as we rip off four pages of beginner logging. So we see that the intial capital has been very helpful to let us trade 1 contract, the max we can use as beginners. Sequences are there to see, We see and we log and do MADA.
Up to now in the pm and the turn short on the chart looks good and the annotations are easy. When there are blowouts on the chart, all trader levels of skill take note. These people are leaving trading today and it is becasue they made bets put in stops and the stops were hit and the subsequent market orders did not get filled by the time the account was blowing up. Being on a two point scale is happening now but by the time the market gets to the end of this day some really tough moments will be occurring and we will have scaled up to 5 point scale. Because its boot camp we will work through the rest of the chart purposefully. We have point 1 and we have some taping and it involves blow outs. Its 10:30 here in Tucson so I have to obey my regime. We will hit the debriefing in time enough to be ready for Monday. I connect with my cardiac guy on tuesday from 6 to 9 pm and I have to check in on Monday this week as well. I think he is worried about his 401 or something.
Good morning. Weeding break. I reviewed the past pages 29 through 32 where I have 5 posts per page allotted. Because of my ignores I only saw 4,2,1 and 0 posts per page, respectively. My thanks to those who refrained from replying to these ignored detractors. Lets start with some Q's that have been coming my way. The M and W stand for the order of channel legs on typical days. A leg is another name for a channel and a channel is represented by a short straight line sloped long or short. M is / \ / \ which is four legs that are, respectively a long channel; a short channel; a long channel and lastly, a short channel. the W is \ / \ / which is four legs that are, respectively a short channel; a long channel; a short channel and, lastly, a long channel. A beginner trades from FTT to FTT of each channel. So a typical day is enter with the trend of the first leg (channel) do three reversals and exit at the end of the day. If each channel goes the range of the day, a person profits a multiple of the daily range. Given the fact that this ideal is not played out so simply day after day, skilled traders make a lot more than beginners. That is why a month long boot camp is required. We use toylstoi toilet paper and Stolie clear liquids so relaxing in the evening is transparent. Friday's Congressional happenings baited a difficult trap that has deep consequences. Obviously turning quant built toxic paper into liquid assets through a simple federal guarantee as all federal paper is now guaranteed was not anything that could be visualized (See O'Neil's (ex Teasurer under Bush) interview in BusinessWeek). It will bee fun to warch the lardest realestate portfolio ever created managed. So we all get a spectacular present handed to us. February will be fun for sure. As we started the pm with its break out charts. A breakout chart is a chart that shows just a piece of the pm so a look see can be had. Price is not "breaking out" on each chart. The most noticable thing as this begins is the way the market is so activated The attached chart follows the midday medium PACE as shwon on the volume only am chart. The price bars are shown on 5 point scaled ES chart. Anyone and especially beginners in a boot camp looking at several 5 minute bars in excess of 15 points each, must have a combination of sensory and inference to get perception that is at one end of the Richter scale. Drill seargents at boot camp are beginning to see, on a 2 point scale that a scaling adjustment is going to have to be made. There is kind of an elation and a OMG combo in having to adjust the display as you trader builds more profits as price drops down off the screen. As I mentioned more generally before those watching the leading indicators of price who have differentiated minds for that viewing are in a heavenly place. They are watching the blow out phenomena which occurs with OODA oriented CW routines. Here D means formulate a hypothesis and follow it with a test for A. Does anyone want to test a 15 point 5 minute bar? Yes OODA people do. They inductively bet with D and ENTER with real money as a TEST of the market. MADA does not work inductively and it only works in a binary way in the Present. WE monitor to get a data set. The data set is analyzed and logged as MODE and remarks. Our D, for Decision corresponds, finite set to finite set, to the Analysis result. C in the MODE means to HOLD as decision because our built minds, differentiated in terms of finite sets and MADA and the three principles that gave rolodex hope, have the inference available at all times that merges with what we sense to give us perception. we are riding 15 point bars and hiking in the volume mountains with 0 --2 masks on by breathing through our noses and being grateful and appreciative of completed rows after row in our logs as we get closure each and every MADA lap. Even Jiminy Cricket has his old fashioned neck tie off or loose. this is a real treat for the mind. It is not the netting of 5 to 8 points per bar in the dominant direction; what it is is following a routine that works. If 20 to 30 minutes of a dominant thrust gives us a great Continue and a very worthwhile hold, what does a non dominant traverse in our channel have to offer the learning beginner? The mix of money and mind in boot camp gets a work out in such a very high PACED market. We now know what PACE is saying as a volume indicator. Is VE possible under such high paced conditions? Logs tell us under debriefing.