Day 10 Although not technically a channel FTT, I counted five reasons to reverse the position on bar 51. <img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=2143038>
the FTT's are going quite well. In trading, it is good to see them as you are hiking the Gaussian trails and bagging peaks as they say. They come after point 3 and the estimated place for their arrival works fairly well. If they don't show you just keep making more money. It emerges that once you mind has the meanings in it you can read the market's words that you have already learned to spell by logging the vocabulary in symbols. This simple step of having symbols and seeing cases as shapes WELDS everything together. We got tons of work done today. Now we finish 10 charts and 40 pages of logs. Then we add the contract growth to the Action as a debrief and find out what contract level to start real trading at.
Early start tomorrow. After everything that's been said, I'm really looking forward to picking up my copy of Doidge tomorrow. I'll complete all the chart/logs and proceed with the debrief as soon as I get home tomorrow.
I'm stunned at how readily I revert to a non-criticial thinking modus. By inadvertently combining overlap and volatility in one diagram, I effectively just painted a pretty picture. Minimalist aesthetics over form. Even if I'd simply kept one variable (volatility) constant, while altering the other (overlap), achieving something akin to descending notes on a stave of music, the rendition would have been more accurate. If I'd gone one stage further, and depicted pairs of bars as advised - after all, the object being adjacent bar knowledge acquisition - the result would have been more accurate and instructive still. The upside is that at least I'm achieving awareness (albeit delayed), and moving from precontemplation to contemplation in the cycle of change. I was also disappointed to find that the depot didn't have my copy of Doidge, but instead the reserve set of cartridges for the new printer. The book won't be ready until Monday. And they call themselves Royal mail...
Jack, Neoxx I stumbled across this thread earlier this week and have enjoyed reading your posts. Hopefully I can pick up a thing or two. I noticed Jack that you used one of my charts posted on the Iterative Refinement thread and I believe you referred to me as an Advanced Beginner (LOL). I'm honored! Seriously though, I'm really perplexed why all the controversy surrounding this method. I can tell you as an "Advanced Beginner" it works pretty well. I can only imagine how well it works for an Expert! Looking forward to your future posts. Regards, WGTrader
FWIW Neoxx, I have no problem with your minimalist rendering where all bars are being referenced to the one with the stirrups. Jack clarified in his presentation what he meant by "NO" = as he has drawn it, a gap between the bars of the pair and "ALL" = as he has drawn it, an even harmonic pair. Volatility = H-L and again, I did not perceive that there had been any abuse of this parameter in your graphic. I picked up a copy of Doidge yesterday and began reading it last PM. Interesting stuff in the first chapter and the TOC suggests lots more to come. The vignette format is very Sacksian but the bent of the content is quite different than what Ollie uses. As a former resident of the Great White North I empathise with you and your postal predicament. Speed of delivery there, likewise receives a low priority unless one wishes to fork out gobs of money to have someone flog the huskies a little bit more vigorously. You and Jack are doing a superb job, IMO, and I am intently trying to keep pace with you both. The happenings are are fluid and seminal. Regards, lj