Our next most important set of audibles alerts our monkeys to four distinct sets of support and resistance. The first of these is bounces off of pivot points (we call them "pervert" points in company training presentations). The second and third call bounces off of proprietary enhanced EMAs (enEMAs for short). The fourth is for bounces off of round numbers (limit order traders are SO transparent). I am not at liberty to discuss the nature of the other audibles, as they relate to proprietary systems developed for us by Joe Doaks. Suffice it to say that our monkeys' trading day is filled with the sounds of ringing phones, door bells and ratchets. They form a continuous, if cacophonous, symphony of the endless progression of price from support to resistance and back again.
The standard treatment protocol is flooding. Specifically, forced and extended exposure to the Politics & Religion forum. If that fails to cure your monkey then he is lost. On the plus side, he will no longer be one of your smarter monkeys. (But then, was he ever?)
that monkey doesn't exist, yet the way you put it, I felt sorry for him I do want to ask a serious question though, after all these years eyeballing the market the way a healthy man would a 20 year old can you possibly get excited, why change colors at all
At my age the only thing that excites me is the most exotic forms of visual arts (what some call pornography). But yes, the aim is to achieve a preternatural calm which allows you to distinguish trend from retrace from chop from manipulation from nothing happening at all. And colors probably have fuck-all to do with that. But clients perpetually seek something new, and if I don't pander I don't eat.
top of the morning to you duref, I noticed exactly the phenomena you are addressing back in the winter of '05. At first I stood on my head when trading and that seemed to offer vast improvement. One morning a vision came to me and I simply turned the monitor upside down. Green is down and red is up. I have never looked back since. My Attorney is encouraging me to take world wide patents and I have Billy Gates hounding me for first crack at the IPO.
Hola, mon frere! And time progresses from right to left, as properly it should, to reflect that most analysis is done in hindsight. But I must say that the down-side-up monitor trick is most applicable in these times as a dicouragement against taking upside retraces.
exactamente mi amigo exactamente.... Viva ET y viva hindsight ... best bloody tool in the box. regards f9
BTW, Joe Doaks has been most remiss in not crediting you with the oblique inspiration for the system published elsewhere as PissBreak. In PMs last year he was inspired by your bizarre trading ideas to re-examine the relationship of volume to price. His sadistical and cybernetical analyses led to that system. It has been roundly ignored by ET, not even derided, which should tell you something.
Ahhh the old silent ET routine again. You obviously have a winner with PissBreak then Duref. My culturally sensitive invoice will be in the mail. cheers f9
I have found that volume provides an excellent means of filtering out bad trades. It equally provides an excellent means of filtering out good trades. It is difficult not to admire volume's non-discriminatory view of setups. We should all be so open-minded. There are life lessons to be learned here.