I don't understand that part either but that is a ok you don't need to know everything at the same time.
Sorry about that. that came up a few years back and the post is on the DJXX. It is a 10 point oriented operation. Here is a short statement to cover things. Stops are best set up for protection. You do not trade using stops. the market moves in patterns and there are values that relate to participants that are more important than other values. If a stall occurs (A stall is a block of bars about a few minutes longer and each bar resembles the others), then you know there are a cluster of persons associted with those values. The volume tells you the interest level. The boundaries of patterns thus formed, are influential in near term future moves. I recommend that you keep track of these values. I have a log. It has numerous columns. In the top of each column, I enter these numbers going downward. numbers occur over time and they go up and down. Below is a chart with wite spots and dashes of such values. This is the thrid post today. Make a vertical list of all the values as they occur. Note they are boundaries of formations. Note that if you go to 1 min you get more of them. Start at the top of the list, See when a retrace of the primary direction occurs. The direction is down (smaller)., I cross out numbers that are retraced. The ones left all go down and each one is smaller than the one before it. You now have a descending list. We circle a number back from the last one by counting back. we have a rule for how far to count back. When C&R time comes we use the circled number. you may have more Q's. The rule for count back is based on how fast the market is oscillating in a period of time. We use slow medium and fast. The count back is 4,3, and 2. You have notes and you can see the list of speeds. I do not want people to be tripped up by scalpers if they are around. we offset the stops "away" from our hold value. The decimal point in a value is followed by 0,1,2,3. 0 is no quarters; 1 is one quarter, etc. I say plus one tick after 990. 990 plus one tick. That is 990.25. I write it in my log as 990.1. Viola. I am glad you got confused. It is helpful to me. To get stop logs straight is very important. To work on all of this is important too. You have my attention. this post will help out.
we were offseting "away" from 5's which are landing places for most DJXX trades. I didn't want scalps on those values. we crept 2 points ufrther away. as you say it is not too important; it is just there to brush the flies off a little bit.
This comment and a few others like it I will deal with. Generally, I hope what I do here is corroborated by others and I hope that what you take with you fits into what you are doing as an approach. another way to say it that is less pretencious is that I hope my stuff corroborates the things you use from others. I am using STOC here because it came up in a thread and coincidently most stuff on STOC doesn't work well as it is presented. Berstein does good stuff. I do have the sucessor book to the one referenced. I am not using his stuff to present my views here. Others can tell you if there is a fit. To comment on the post. If the poster sees a similarity between any two approaches and can articulate it, the poster is not an idiot. If he has determined that he is an idiot, then this is a conclusion that grows out of a larger class of occurances. In this case he is identifying with a person who is having the same kind of trouble he is. What he is doing is reading what I post to learn. He is learning and not asking questions except when someone else goes first. He definitely likes to sit in any row but the front one.
I want you to settle down. This is a positive comment. The short fast paced trend today was not busted at any point. The VDU and right line BO ended it. The indicators corroborated the ending. The VDU says "change" to intermediates and above and to Trendfader but he doesn't know it yet. You may never slalom until your flaw card says "change". Make up one that says "failure to transverse from right to left." On the back write "Change". beginners are already out. You reverse out when the word change is in your hand in the card you picked up.
Alright Jack, ill settle down I just got a little excited as i had my best 2 days ever, 15pts today and 14 pts in yesterdays slow iceberg(slaloming). I am getting flaw cards tomorrow morning before the open. Again, i really appreciate the thorough effort and time you are giving us. Its making a big difference. jc
Hi dgabriel, I have noticed that spammers' are back on the stochastic thread. True to your word, "The censorship here absolutely is biased. It targets personal attacks." Would you be so kind as to delete the appropriate posts. This thread is picking up a lot of momentum and starting to focus on greater levels of detail. It would be a shame to have it derail once again. Thanx in advance
i will be the first to say that jack is difficult to understand. HOWEVER, i would definitely bet he's a profitable trader. FRuiTY