Technical Strategy

Discussion in 'Chit Chat' started by Tums, Oct 3, 2008.

  1. Neoxx

    Neoxx

    Thanks for the feedback and corrections, Jack.

    I have now substituted L for the incorrect S in the pace column.

    I completed the sentiment column with respect to level 2.

    Up until I had read your prior comments, I wrongly thought I was awaiting for a confirmation of a long channel, hence the blank CH-T column, up to bar 29.

    The reason the CH-T and TR-T columns are blank on bar 24 was that the bar had broken out of the internal formation when I completed MADA. Hence, at the time, it was neither advancing nor in an internal, and I subsequently thought that confirmed the bar 22 FTT.

    I hope this clarifies the erroneous log.
     
    #881     Nov 10, 2008
  2. Neoxx

    Neoxx

    I am currently holding through the low-volume non-dominant traverse. of the steep channel.

    So I stripped the log far too bare, not enabling the vertically adjacent entries to show the orchestral score once the traverse was maturing.

    Also, with respect to the ATR comment, that was yesterday's value - I realize that today's value won't be clear until later.
     
    #882     Nov 10, 2008
  3. We are on the same page in the log, annotating and D and A.

    A dominant open with VE's should not be causing the quicky freakout trading. The blank spaces in the log are a "tell", of course. If you are in a traverse (YOU ARE DEFINITELY), you can SEE on the chart where you are.

    Since we are now using the P,V preflight, this will make the open easier. I am used to seeing the channel lines in the opening slice, often there is a traverse as well.

    If there is a gap, then it is in a context relative to RTH's


    I am doing a commentary here on Advanced Beginner to wrap it up.

    Today, you have an open and a traverse which is clean from the beginning. So you settle back and handle it.

    To settle back you can shift your impatience by 90 to 120 seconds if you will. Just either turn away from the screen or pour coffee on your keyboard. The end of a bar will come. Then you have the cluster of M in hand. It is cetain at that moment and you know that you know the cluster of M data. This is a subset element of a finite set of clusters in the M finite clusters set.

    Do your A D A facing away. There is NO screen sensing and a new bar is a NOTHING at this time of your life. Think of this moment as a 100 dollar bill you get to keep by not doing quickies of consecutive bars (see 24 and 26 today). You can stack 100 bills on a pile every day from now on.

    The market was at that time of non logging, was giving you a comment for the preflight check you will be seeing for four days hence. The comment was: this short market is so strong that non doms are laterals that last a while (with bars that are like 100 bills in volatility and I am no longer willing to light one with a match while a lateral is under way in non dom).

    As price comes off the traverse RTL (Oh is is better than that, the boundaries of the price traverse movement are IMPROVING money making wise.). All this stuff is remarkable and it goes in the remarks column. Overwrite filled in stuff in ball point in green the color of 100 dollars bills. You see at 20 of 50 contracts we will pile larger bills up.

    Next weekend you will do the 10 days for two more skill levels. And again Excell will have to rescale the family of curves chart.

    By then you will be annotating two charts as well. Before then I have to get MADA running. we start with a patience pause of 90 to 120 seconds by you on each M'ing of a bar, if the row is necessary. You do A D A after the END of the bar when the M is certain. Having M certain allows the mind to switch from one thought process to the next (Analysis in this case).

    traverses mature only after point 3 of the sequence of the traverse when it is dominant. (and the same for non dom, too).

    dominat traverses of the bgining of the day do many things in the traverse AFTER point 3. Notably are the VE's. we called ahead to have VE's for travrses because we wanted to have fewr and bolder traverse moves. No boredom but a lot of patience. VE's make more money and keep a traverse away from its RTL. VE's amazingly are LTL pertibations; they hammer on the LTL to get ADV in the proper column.

    So what non dom phenomena is on the table after a VE? non dom weakness is what.

    Ve's do cause FTT's after weak non dom's but this is not a cause for freakout of not collecting a full cluster of info. Beginner Internals are where we improve our cluster in M to be able to enhance our traverse reversal effectiveness. The subset of dominant internals is where we focus sine the FTT's can be following one of these.

    To be sure the other subset found on non dom's is there to consider and on level 2 we hold through those while little money is being made.

    So we are going into midday and I will continue the wrap up of Advanced Beginner as you switch log sheets on all of us. Range expansion affects traverses, especially the end of range expansiion where a Channel FTT causes a shorter dominant traverse.
     
    #883     Nov 10, 2008
  4. Do it after hours.
     
    #884     Nov 10, 2008
  5. We have a dsignated way of doing slices. Slices have a log and a chart. We want to begin to do this as a routine.
     
    #885     Nov 10, 2008
  6. Neoxx

    Neoxx

    Now we're definitely on the same page. The light pours down from the sky and the invisible voice booms.

    The practicalities are no longer an issue, M subsets are certain and can be overwritten, and A-D-A for each bar can be performed calmly while a new bar is underway. Every element of MADA confusion has just been buzz-sawed.

    From now on, I have no excuse not to deal with certain, complete and finite M subsets, and the A-D-A will correspondingly improve.

    This single post, in one fell sweep, put SO much to rest. Thank you. :)
     
    #886     Nov 10, 2008
  7. Neoxx

    Neoxx

    Slice 2

    <img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=2169912>
     
    #887     Nov 10, 2008
  8. Neoxx

    Neoxx

    log

    <img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=2169919>
     
    #888     Nov 10, 2008
  9. Neoxx

    Neoxx

    ...

    <img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=2169920>
     
    #889     Nov 10, 2008
  10. Neoxx

    Neoxx

    Excuse the lack of a fuller log or a narrative. Was in the process of understanding where I'd gone wrong with both. I'm still not 100% clear on the narrative (not for lack of explanation), but a little more time and I will be.
     
    #890     Nov 10, 2008