The Stochastic Indicator

I parsed it and used ** to make it easy to do.

Here is a general comment.

Danto of Columbia University (Ivy League school in northern NYC) espouses several philosophies of history. They lead anyone to the relevance of time in all matters. For trading we use the "Symmetry of History" philosphy of history as a basis And secondarily the "History repeats itself" concept. The present as fulcrum, allows us to designate the relative importance of the past to the future.

Vorso, as a quality and aware performance type person in transition to being fully experienced and totally operational, is not sitting in a place where each difficulty he has, he is capable of debriefing at an excellent level and then being able to "see" history and as it is made again, he will not repeat the downside but will do the correct thing.

I have to repeat the above to make it intelligible.

We are still ramping up to excellence. We have seen about all there is to see.

Our expertede at this point gives us the ability to debrief and have the correct plan for any event that repeats itself in the market.

Pragmatically, thinking symmetrically, we when through some dull flat days and then had a single trend day at the full width and beyond on the IT trend. the IT trend was longer (5AUG03) than the dull period.


This is an onion situation. Concentric spheres. What I write is what you BE. I write this to lock you into, the total top quality essential aspects of what is going on.


The salient practical facts only illustrate the essential framework that is always there. As every day passes everything in the future gets a day closer. You know the framework of the ingredients.

Your state now is in transition to excellence. You actually do not consciously recognize the upward building levels that you have already conquered. You are on a broad foundation that has space for all the superstructure in progress.

This combination of knowledge, skills and experince, like all others cannot be built by consulting a plan (like architectural drawings) simply because there are no descriptors for expereince that can be laid out on drawing plans. Books do not document experience. That is why some many people here are totally screwed. They believe what they know. They transfer skills mostly. And they are shit out of luck in the "sphere of learning from experience".

WE, on the other hand, are not. We have gleened what is required to quality assure our selves. That is what this post is all about that vorso wrote. What you see is incredible. This is an example of a situation that illustrates precisely that no one here can ever get stuck in the process of attaining excellence.

All of the sustantive pieces are about us. We have skill in processing and it is sufficient to operate in realtime and see the picture of the market.


I have a singular and fundamental task to do here to take you across a line.

All I must do is suggest to you how to keep a perspective.

Why didn't he just tell us that and get it over with? It is because I am deepening and enriching stuff because it is required. It takes months of chipping away at the full potential of people to uncover their potential. We have done that.

Perspective is attainable once you have gained enough height.

The topic here is anything but hindsight. every person here was equipped to assess all that is in the picture for ES.

The longest IT leg.

The days passing to end it. the long slow curve. An IT saucer formation.

I know from the voice of a person, that instinctively he nailed the turn. The fulcrum of Friday kept the recent days fully and loudly in view and buried the longer views if IT legs. I posted in a PM on the fly to a real helper to watch the BO on the IT leg before it happened. The person had posted the IT channel for us so I knew we were in synch on IT.

the 22AUG03 was where a line was drawn for ET. Before we were not wholistic; from now on we are wholistic and that kills the difficulty totally.

Once you have perspective (preflight does it nicely), you do not let the symmetry of history nail your thinking. Everyone was nailed to the wall by the past few days. Perspective dictated that the IT was totally pregnant and over due. When the time comes in a pregnancy it is going to happen.

Perspective is the glue of excellence.

Step back.

If you get far enough away from the chart you cannot let the beautifully and accuarately described situation of vorso dominate the scene. Every edge trader is trapped in never getting perspective. They are burrowers into the wearing out edges. d oyu think the market changes. They change as they burrrow. It is the clubs.....lol (golfers, baseball players...streaks of success that fade).

The reacting to sensory input and creating behavior as was done contrary to practice is an absolute demonstation of perspective going............

Pragmatically you must ...STEP BACK.

two parts....

 

You go to excellence.

Excellence starts with perspective. from beginner on here I have done the wash. I have equipped the neophyte with a means to STEP BACK from the unknown.

Vorso does not have unknowns to step back from. He is SCT from my point of view. I do not care what is coming back from the otherside of the court, vorso can play it offensively.

you STEP BACK to get perspective. You disconnect the sensory distortion that is controlling you. you get to an objective place based only on "making money".

Making money is an adult activity. we are wringing ever nickel out of this place. I am telling you the momentum will always continue unless there is an advent of something new.

You are going to get this straight soon as the only major fundamental thing that exists. It is what gets space capsules anywhere in the universe.

STEP WAY back and zoom in carefully. Look for big stuff then medium size stuff and finally little "now"stuff.

If you were on the 15, you would have had a great time of life.


Summary.

The 22AUG03 is where the line was drawn. Now you use perspective to see everything and get things in relative importance and so on. Then, as you do you do not ever get sensory ovrlaod and major distortion.

On a one trend day emerging from one IT into another you can't make 3x up on H/L. You are just on a one trade roll with no real flaws that are strong enough to hold sway.


Parsing. I read this several times. I am not going to parse it. You are a pro. The only way you can come up with a list of substantive items like that is if you have the total picture. You were just totally hyper for one reason that you did not mention. The reason was that you damn well knew something had to happen. You were ranging all over the place getting too close to the moment and you could not see the day. The cause of all this is that you have not traded for 10 years in this month. You are at a point where you can absorb experience as fast as the market can throw it at you. And you are compressing time to get experience. you do not, in reality have a hair trigger. You just want to intellectually stay turned up to high. Alright now I have given you a job to do. Also do the stop log. lol.

Read this again several times to smooth it out to get all the points leveled across the view. And do not read your comments more than once more.

OT for laughs.

I used to do the "flying Mile" at Mt. Tremblant. It was a pain to ride the chair back up to just ski for a minute or so. We used long thongs then and micromatics. On lucky days I tore boots apart. On my last day of each year of skiing in college, I just got serious and ended the season.

 

Magna,

My take is that we are to use bracket after sync if mkt closed in CCC that spills over in the morning. However, I haven't bracketed after sync to enter yet.

Using 5m values would place your bracket too far from the mkt, I agree. I haven't thought of this because I was using 1m for stops. I will get the stops off the 1m for mkt sync and BOs.

 

Just use a normal bracket entry.

The cneter lineis derived from the open to synch data. I use the three5 min bars but looking at the one and drawing the line is another more detailed way.

On the 5 you get the contemporary volatility as synch is attained.

The feel you have from the prior day's stop log is helpful for getting the offsets.

After you have done many brackets, it gets easy. This sounds trite I know.

If you are more conscientuous, you can look carefully at past Failures to BO. These show how a trend can start but fail without sufficient volume support.

To set a bracket, be sure to set the orders outside the range you have found will exclude the Failures to BO.

A final comment. If you are comfortable with being very effective and getting the job done, then there is a slightly more expert way to do this. Anything I post is going to draw flaming so when I go through this part expect it to draw more fire than the rest of the stuff because it is farther out of the box.

Once a person has perspective, the can play any inning of a winning or losing game. You have a capability to be top notch all the time.

Here is the scenario to know about but do not stress yourself out if it is not a practical one for you.


Set up a bracket that is tight. Just be outside the first three bars on the five and watch.

you will do 1 or 3 trades to start the day.

You will do a reversal stop here immediately after entry. The first C&R is to change the trailing stop to a reversal and tighen it to 2 back.

You will enter and take a small profit on the failure to BO and be reversed on the pullback and be on the right side of the trade.

This has you in the second trade and another is coming up. Use 2 back stops and a reversal strategy.

I did a spread sheet on this for the ceiling thread. This worked 11 out of 12 times on the first 12 days of August, a summer month.
5 single trade entries and six others went into the start of an SCT day. The profit on YM was 30 points by the end of the second trade (and all single trades as well that had no failure to BO).

The third trade is after this initial level of profits.

These are the two basic ways to bracket. This first is ET expert and the second is a no ceiling type mentality.

On friday last. No cieling people went in on open short. The reason was that we were coming off the chart you posted for IT right on the open. The day when all the way across your graph and just failed to be contained, indicating the IT trend reversal.

It will be difficult onMonday to get back into that old leg range. There is one IT trader in ET that wnet short on the beginning of the suacer that began the end of leg 6 of ES03U. He is doing a flakked up jounal.

 

Jack, thank you for the fix and encouragements. As always, you are absolutely right. Perspective is indeed what I was lacking. Preflight checks ALWAYS and I will never burrow again. When in doubt, instead of zooming in I will zoom OUT.

Thanks again teach.

 

The IT's overlap.

the leg 6 had a 4 pts/day trend line slope.

the initial pt 1 was at 10am Friday

The pt 2 was noon and the first pt3 is 15:00 friday.

Therefore a perspective for today is to look for second pt 3.

draw a line through 10 am Friday with a 4 pt/slope (hit 1006 at end of friday). This line is same slope as the long trend line for leg 6. Leg 6 was long, this leg is short.

the new point (second) point 3 willl be out thereto the right btween this line just done and the existing trendline drawn through the point 3 at 15:00 friday.

You see MACD entwined

 

The above post hung up for quite a while.

We did voice today between 6:15 and about 10 minutes ago.

 

On the five min with voice.

first trade was a 10:00 long

And we followed the congestion for slaloming. The last exit was on the 11:30 11#34:59 bar and the exit onu of the long was 889.3.

we did every 5 min barand for decision making we are following a 4 step set as "execution".

The sequence is

1. data assembly and completion.

2. analysis.

3. decision making.

4. Action.

Thee four steps are "execution".

The definition of execution here is fairly standard. The most frequent execution is "hold".

This is the nature of SCT.

Within this most frequent execution set of "holds", were interspersed "change" modus slalom reversals: short, long,short, long, exit.

All timing came off the 5 min and the 5,2,3 determined the congestion periodicity. Troughs pegged it. It was a nominal 45 min with symmetric 1/2 cycles.

The exit was predicated on the day. And the basic level was advanced expert. We have no hitches getting the team activities cpmpleted for the paltalk "public" version. We will not shift from public if possible.

 

the above post was rejected three time by the ET whatever.