I noticed on the 15 min chart, the blue channel. Since a breakout is evident here, does this suggest an up day tommorrow? Is this what you meant by anticipating the market, Jack, or do I need to hit the threads again?
The chart set up does not vary from fractal to fractal. By working through selecting defaults that work through out the fractal choices, you eliminate a lot of considerations that could come up. Looking way ahead, we want a KISS methodology. I keep trying to think of what t/l means and I can't figure that out. The predominant thing finally turns out to be flaws in trend sequences. It is very difficult to lay the foundation for really making money until you begin to monitor with a high degree of consciousness. Attaining this achieves one of the most powerful antidotes for stubbourne myths and common mistakes. What happens is that you finally get so busy doing things correctly, you forget how the continue your myths and common mistakes. If you have ever made a model plane or boat, you can understand building sequences. I should make up a sequence building kit, I think. What it would look like is a roll of butcher paper that had a grid on it for convenience. I would give you a box full of words that have multiple copies of every formation and signal. The numbers 1,2,3 would be there too . A few small sheets of paper grids would be there too as warm up sequence practice sheets. The first one would have five items to paste onto the grid. They are: midday, 13:15, am ,pm, 11:15 You mix them up first (hard to do). Then you spread them on the grid in order of the sequence. People say I am condescending and arrogant and I treat people as ignorant folks. What I wrote about is something to make you laugh and not postpone an effort that has to be made. As an ex EMT and trauma center team member, I can say to you that the way e keep sharp is two fold: We must study periodically and we must speak aloud to each other only when we have an observation that forwards the stbilization. When we study we must say aloud the sets of steps we do to make standardized determinations. You as a group are manifesting being millionaires. If everyone did their sequence kits on many levels and read what you pasted when you do a sequence, you would redo your NLP pictures very efficiently. People say my posts are too long and they are bullshit. These are people who have some pictures that are not going to work to get them to millionaire. I soften their views by suggesting they use two markers, a black one and a yellow high liner. They can keep their picture, but when they go through 500 pages with a set of markers (they should keep the empty ones as souveniers), I can suggest that they will change their picture of what is too long and what is bullshit. There are people here that you sould name search and print their posts in reverse chron. You can actually see two things: learning level by level and then myths and mistakes dissappearing. learning to note sequences during the day is occurring for many. Keeping stop logs is happening too. Doing both of these things with the time you have, cements in your mind, pictures of how the market works. The trades and washes as a pair of activities does the same. I ask that people wash every day. Brush your teeth too. You know a sequence for brushing your teeth. How many millionaire sequences do you know. You will know the wash sequence and you can do it instinctively when a flaw triggers it. Make a flaw box. Put flaws in it to add to your sequence kit. Use red paper for that. If you log sequences and transfer them to your butcher paper grid, you will notice that they pile up on top of each other as repetition occurs. That is good because you are building up a topograph of frequency as the third dimension. I know all of this is eithr something you may black out or high line according to your level of progress. The fact is that by doing this ridiculous stuff over and over and speak aloud as you do, you actually have a very large bank account too. I am not taking you from a mechanical process to a descressionary one. What we are doing is going from one level to another of efficiency in money making velocity. What emerges is a software program and a KISS monitoring and decision making tree. The flaw box is a trigger box in reality. check and see. there are very few flaws. If there isn't a flaw you monitor, record logs and just pullin money. If there is a flaw we slip over the the right side of the market and continue to make money because the flaw gave us the signal to do so. I know its long. I know there are typos. Buy markers. If you continue to want to be an advisary get three markers for arrogance, condescnetion and ignorance. Your print out will be much more colorful. At a distance, I am a support and a helper outer that is all.
I noticed something kind of cool that i am sure most of you allready have seen. I had several trend channels drawn this morning. both seemed "good" but for different time frames. as we were in an iceberg I expected the shorter timeframe one to be broken and planned on staying in through that. The trend line was broken and the 5 min broke through the 80, kewl. I didn't expect the other one to be reached for an incorect reason but still got out before it got there. The Kewl point was when i realized that the longer time period channel broke as the 15 min exited the rocket. Kewl, probobly should have noticed this before but hey i just started on the 15. I am starting to get more confidence in my trend channels. I am going to start trading with atleast all three fractals open for now. I would recomend it to everyone who has not seen this yet, it helps to see teh relationships across more than one pair of fractals. I will post a couple of my trades in a few minutes for critique.
If you are a beginner the objective is to not lose money and to learn to wash. Perfect that . Next ease into looking at trends. Doi the point 1,2,3 thing. Learn two things: how to stay in a trend until flaws end it, and leran to log the sequence of the trends using signal names and stuff to describe the trend. Also start a stop log and learn to set the C&R frequency and to learn to have the circled C&R value there at hand when the time comes to use it. All the above keeps you away from the land of the hair trigger guys. Oh and you make a lot more money too. Once you have the trends down and can add a new point 3 each time it is required. You will slip over to iceberging. Iceberging prolongs the slower longer periods of getting richer and richer. This certainly is a patience test. Once you are getting comfortable with your weekly take, you will then qualify your self to branch into the use of two strategies and doing multiple contracts. this level is at least 5 to 10 times more profitable per week. People prevent themsalves from making this kind of money for one simple reason: they are so smart that they skip steps and do not actually know what they are doing well enough so that they get to live in the surprise and drawdown world sadly ever after. the two cures, one for surprises and one for drawdowns just cannot ever be understood by these folks. There is no foundation for their gaining and understanding. This is not a "my way or the hyway" kind of post. All I am saying is this. Learning to make money is a process and if you do not go through your personal growth process thoroughly you do not get to be a millionaire. The process I recommend is just a short cut path the unlimmited wealth. 4 out od 5 people are not going to go this route. This is not a brains thing, smart people are too smart for this. This is a siscipline thing which is the kind of thing that appeals to people of any intellect who happen to have wisdom. wizzards have wisdom. Smart poeple have alecs
take a look. You extended the channel until a flaw shows up. We are looking at how to get through the resistance that the lower volume doesn't have momentum to go raging through, or even ease through. we get ready for the afternoon.
I was away yestarday and was not able to trade. The 15 min stuff is great. I can see how it gives a bigger perspecitve at the right times. Just wanted to post my trades for the morning. It was definatley a tough one as i feel that i may be getting ahead of myself. Especially after reading jacks last post. Dont want to be a smart alec. 9:47--Got long on the 1 min xover looking for continuation into a rocket. 10:05--exited long due to rocket failure and break of channel, reversed for a failed rocket reversal. 10:12--stochs(5 min) had exited 80 line and bounced off 50% level. As usual volume declined on the pullback. It was either creating a point 3 or reversal. I covered as voume started to increase from vdu and price started to go up. 10:21--short at the top of the price on the volume spike as i thought we were going to be in slaloming mode(oh how i was wrong ) 10:27--got out for a wash/10 cent loss. Trying to get market orders on the spys jsut does not work very well. Anyway, I have a lot to learn. Hope everyone is doing well. jc