The Stochastic Indicator

Courtesy of Jack's teachings.

What Magna and others like him just don't get is that in order to see and act on this stuff, you need to get rid of the junk pictures in your head. Read Magna's seeming "advice" to vorzo and pay attention to the pictures that he draws there. You can understand why Jack is pissed.

There's a lot of shit written around here by dummies who are stuck in a losing place that it's hard not to laugh. But Jack is a very generous man and he takes teaching seriously. Let him teach. His way.

 

chart looks good on my computer,
what a great morning unfortunately i blew it

 

Super and uncomplex annotations on your chart. My compliments.

Elsewhere in ET, yesterday, I commented on today's open and market direction. I also suggested a conservative entry technique from the "continuation" drawer set of tools.

You are noticing the guiding formations and not adding too much detail. This clarity allows you to see much about the market's operating point. with 24JUN there and defined in an uncomplex manner you can be confident of your estimate (anticipated probable continuing path of the operating point) of the ball park for the next day comming up.

The fuzzy area of prediction vs. anticipation is not on the table here. What is on the table is dealing with the smooth flow that the market has for moving it's operating point. I do not want anyone to get a buzz on about what he is going to dump on us next. what is important is knowing the market doesn't give surprises. You may think it does but its shear size precludes that.

We are focussing on being money makers. Level by level we synthesize stuff for the singular purpose of being ahead of the beat and optimizing the extraction of money from the market continually.

Leaving on CCC as you see it is very kewl. The am is coming to an end.

Yesterday I posted a long entry this am and said use a bracket. If it is going long why bracket. the reason is uncomplicated; the bracket is designed to use when the market "begins" to make money.

Years of posting preopen stuff (mixed markets opens included), taught me that people can become dependant. There is nothing wrong with this but it is like handing out fish. Yesterday the thread I posted in was appropriate for an injection like I made.
the past pre open emailing I did was for a theme others named Getting Tomorrow's Paper Today. So I wrote it that way.
Here we are doing the fishing thing.

your post and illustration are right on the money.

For those slaloming you have a 2 1/2 point range and you can see the slow cyclical pace keeps the relativistic STOC alive and well for signalling. Always use the first derivative with resp to time as the signal. Google around if possible for the fisher (Harvard Statistics)/ hershey maths to make it possible to use calculus principles on non continuous stat functions. Old stuff. Eyeballing is a good alternative for science types.

you can see, in general our first entry will make money as the daily range opens up. It always has and always will. Interday stuff will give you a ball park projection of the potential H/L.

The daily take that we are headed for is a multiple of the H/L. You can see as an expert (just go along with me here and be one)
that we use three types of trends to accumulate profits segment by segment during the day.

There is no magic required here. The market opens and the daily range grows itself. this is a non lateral trend. We take a segment of profits or we take three segments mimimum, depending upon our level of efficiency. If the CCC comes along, you exit, or slalom beginning at the first non channel traverse. you continue along in the CCC until it dies (centers). Now you est up for the BO on the centering.

This is unsually the run that sets the other dimension of the H/L of the day. It gives you a very nice sement of profits.

What we are doing is moving away from the myth that people are beginners intellectually. We are experts intellectually and just not rich yet maybe. What I mean is this: You may not know how to land a glider. You may not even own one. If I take you up and let you fly I only say one thing to you. Take your hands and feet off the controls if you panic. The ship or even a sail boat will do the same thing. It will go into neutral.

You are an expert simply because you know this key principle and everything else can follow form this. An acrobatics ex world champ is the same as you intellectually. You both have the same equipment as humans. You both can deal with acrobatics the same way.

I was lucky enough to deal with the attention span of autistic kids; their care takers had to make huge adjustments because of me. The kids did become different for sure but the build in viewpoint of their care takers was the biggest hurdle.

If you extend the attention span of a little person 300% beyond the textbook max, you are stepping into a new world.

You are traders and you are in a market environment. You look at the task as experts would. We start with a plateau of rockets to groove on making money. Fine, pull the stick back and find out what happens. Let go of it. Whew, that was an experience. What is expert is pulling the stick back as you think.

Okay so we make profits in segments and it continues through the day as we move from plateau of experience to plateau.

I have set before you a tool box with two drawers. I am filling it with tools. the operating points of the market, we are not going to flesh out completely. There is a tic tac toe weji board thing that i could superimpose. But I may not. What i do to support you is building tool boxes and stuff. You do not have to go tothe toolbox factory. you simply pick up the tool box to use it like a ferrari for going from point A to point B. you will use it like every ferrarri owner uses his car. As an expert person who's job is to make money, you are always going to be making money as you desire within the potential of the market which delivers the opportunity to you.

The autistic breakthrough came by using an external connection to get internal parts of the brain to connect. When you knock down a 300% improvement, then you have a basis for changing the management.

Alexander's method of least connected systems to achieve functionality is another little tool that can be used in this op here.

 

LOL.

You're a good sport, Magna. Loosen up and let's keep learning as much as Jack's willing to teach us, shall we?

 

OK, loking for that next plateau of conscienceness, I think that means that I am looking to decifer continuation and change, as i understand it change comes when flaws start appearing. I take this to mean that, at the beginer level you get out on a flaw, at a higher level you have more sequences in your toolbox, some of which are more subtle and maybe a little 'less important'. So you start to see smaller flaws and then are looking for one thing in the sequence that shows you it is the bottom (top) and you reverse. Is this about right? SO i need to work on figuring out the rest of/ more sequences. I also believe that you were telling me to relax and not worry about trying to get the entire move yet, sequences. I was tryign to do that by attempting the other trades with 100 share (SPYs for me until i get access to trade the E-minis). Is this going to be detrimental/ counterproductive? Should i focuss just on the pieces of the puzzle that connect to the rockets? As upposed to for example trying the price formation break out trades that have been hurting me. Any advice?

how you handle #s, i get in trouble, as i see it we are in theory getting in before the momentum realy builds and the price runs up, i don't see how you can do this with out guessing? Do you ignore the initial pop and wait for it to settle back down, or do you eventualy bracket trade it? Despite my knowing better i chased the number today.
Could you explain what you mean by
momentum level step down
and MOC

 

Let me catch you up a little and suggest that if you read the next series of posts it will gradually come to you.

At the beginning of july I am going to pre us for the rest of the year. there Will be stuff on my journal site also that will represent the editing of this thread.

So all in all you will be able to catch up.

You post is insisive and stacatto. There is nothing that I can't deal with in knid. One of the ways will be to use CE in a note on my running commentary. You will be a rep of a person who is new, bright, and with the program.

i printed your post and have it marked up with points to make to you when the charts get there.

Today we are following the market from a chart done above.

I stopped my comments as the chart wnet into CCC. CCC is congestion convergence and centering. It has tools in the lateral trend part of the "continuation" drawer. But as experts know,it fits, at the end of the CCC into the "change" simply because of the centering and the almost zero range of the lateral channel. the channel is dissappearing SO we are no longer "continuation".

I could not ask for a better day and a better chart posting to be able to get you and everyone up to speed. see next post.

 

Use your charts to see that the "change" mode is not just a brief one.

You can clearly see when the volume takes the momentum down to nothing. The lateral trend lost it's capability to support experts slaloming on the right side of those being whipsawed and those whose approach do not incluse "chop" capability. There are many posters in ET who post on their approach failures and the fact that they remain mostly on the opposite side of making profits.

This is where continuation" ends and it's strategies and tools can't be applied.


Now do this. Turn into a hair triggered exit person for a minute. Think about "change". See you think the change period comes and goes just as fast as the trends you jump out of prematurely.

Change modus lasts for significant periods of time. To day is one of these.

Centering was from 12:00 plus hours. "change" started then.

We use the 80/20 tape to block out stuff. On "continuation" we operate outside of the tape. rockets Icebergs, slaom on slow pace where STOC keeps working outside the tape.

NOTICE THIS: When cahnge started and it is a second strategy, we have to take off the tape and operate on the neutral and 50% as a reference. THUS WE TURN TO A REVERSAL SIGNAL STRATEGY.

Do you SEE? look at the "change" modus continuing.

The "failure to BO prolonged it. Next the VDU hit as the price returned to center.

Experts are in "change" and reversing to stay on the right side and make more and more money.

Next VOLUME strikes!!!!! Look at the volatility there. You are using a reversal drawer with tools in it that keep you deep in the groove.

The volume wains and it returns. Note that as it wains the price rises. the P,V tells you falling volume will give you change in price direction.

younare right there and you see volume begin to pick up and price begines to fall. It you use a reversal right out of the "change" drawer.

At 15:15 the "change drawer is closed".

the STOC came out of the tape. We are short and in "continuation".


OKAY. this post gets you straight on how "continuation" and "change" work. you get it that you need two drawers of tools.

You can see now how all the indicators, formations and signals are there for you all the time at every moment. You see that I did not step off the 5 mnin to keep making money every minute.

When you read what Itype carlessly here and in dumb English just get it that you are reading in IMAX.

Bt 16:20 you will really see what i mean.

The market will be up tomorrow. This is not a prediction. we are grooving here folks.

This is beyond anyone's imagination. And everyword of it is pure, complex and flawless in concept and execution. There is no bullshit coming from me ever.

 

go back to page 132 and delete or kill all the bullshit magna posted on this thread and get it done now.

what he is writng is a sophomoric attack on the people here. they are not dumb and whatever. They work their asses off to learn. He has attacked them.

His bullshit critism of vorso has the word "meaningless" in it.

I want his attack using the word "meaningless' of this specific board and I want it off now today.

Read all my posts of today as a QA to get oriented to my level of excellence. And get it staright I have named a category for you guys. You have it planted in your heads where I want it.

Let me define attack for you as well. Bullshit and moderator grandstanding is an attack as negative as anything. It stupidly wrecks the attitudes of people. you can believe me because I am leading the way here as an example of a person who is compentent, expert, extremely intelligent and has nearly 50 years in investing . I am as pissed as a person can get by the attacks verbally of yourself, magna, and a whole roost of chicken shit people who attack by neagtive negative bullshit that just happens to be unfounded.

Get the magna shit off this thread now.

finally a personal comment. I regard magna's adice and direction to me as an attack. I am calling this shot. It is an attack to me.

for him to tell me to treat people the way he did is a personal attack. Get his shit off here and do it now.

I am not pissed. I am providiong you direction to get the standard of this operation here up to a decent level . It is not at a minimum decent level.

 

you can see at 16:00 we are outside the tape easing into tomorrow.

this is a continuation mode.

The thing you are looking at is the price setting its support level.

support and resistance are continuation data measures.

I am making a storng effort to support everyone's individual approaches here with the least disturbance. I know most of you have been in entry exit land for a while. while some do reversals, i have set the scene to be sure that you do not revere at the end of strong trends. the end of strong trends is called consolidation.

I know everyone has a lot of myths to contend with. as they easy out of he picture, you can see your modus of replacement is based on a stronger operational foundation.

the bullshit cited here about improvement always comes temporarily when any change is made, has to be shit canned by someone. consider it done. what ant person posts when they post improvement is a clear realization of the consequences of thinking stuff through and weighing things to draw a superior conclusion.


We all have our own approaches. This stuff fits into them because it happens asa consquence of thinking and evaluation.