And that's because only that much can be grasped at all. So you understand everything except perhaps the fact that there is very little to understand here. And you are confusing information with the lack of it, otherwise called the noise.
Hi Bundlemaker, I must respectfully refer back to your by-line: "I know you believe you understand what you think I said, but I'm not sure you realize that what you heard is not what I meant." Not sure we're on the same page or talking about the same book. I agree with your sentiments. At the same time, I don't think Maltz discusses those concepts. So if you will agree, we can remove these two posts, and even the original referencing Maltz, since they are not likely to enlighten this thread. Is that OK with you? If so, I'll remove mine or ask the moderator to do so. Thanks, JohnnyK
AM trades Long 9:46 @98.04 tried to anticipate the rocket cover 9:51 @97.92 came off and covered for a loss Long 10:04 @98.12 looked for the rocket to form, waited for the Price to break previous top (last 3 5min bars had the same top) cover 10.21 @97.98 gave myself more than i planned on because when I reached my stop I was a little above my channel line long 10:30 @97.98 VDU break out failed right when 'suspicous package outside the UN' anouncement came across the squawk box. has anyone tried trading this system both on the E-minis and the SPYs.
Jack, how about a bundle fix, I made the same anticapation this am as crescit, around 9:40. I'm seeing these setups work out on past history (ie looking at old charts), but it seems not getting the feel when in real time. I'd like to be more patient with holding when price is going against me, but that seems to bolox up my money management. Any hints?
Let me respond and be brief about it if I can. 4 out of 5 people thing what I say is bullshit. This is normal. JR/Sim has a plan of action (modus) and he is expert at two things: trading and making points. He did both here and definitely nailed some major problems here. I expect people to take shots at me and what I say. The personal stuff is not done very competently by anyone usually. Regarding substantive stuff, there is bullshit offered and there are alternatives offered and there are improvements offered. All three give me a basis, time permitting, for responses that further the excellence of what I do and/or how to incorporate more stuff. ET is a mediocre place for several reasons. The phoenix person has a good handle on this and has articulated it; and Baron's schema and application of capital was a crippling endeavor that we all are stuck with. The center piece of the QA ceiling is the moderators. The phoenix?Baron dialogue and assorted corrolaries defines dilemma of achieving a reasonable QA. Everyone recognizes that participants (sub groups) are responsible establishing unique individual anomoly type QA's as a marginalizing technique. Moderators do not do two normal functions here that would give them a reason to be. They are not competent in the subject of ET and they are not competent in people stuff. they function to police certain whatevers that they think up or Baron thinks up for business reasons. dgabriel punches people and magna grandstands in the myth category, for example. THE PUNCH LINE: ET needs to separate itself from the mileux and be attractive. The only thing left to do that is the membership. We need super, performing members in the field ET covers. All members can take an active part in having a QA informally pervade this place. I have had it with how people have treated those I work with. In reflection, I look back at the chit chat bullshit that was not stopped time and time again. as a member, I am classifying people here from now on as we did in Misc.invest. technical. A and B. Contributors are A's, the first post of a new member is an A because he is a "seeker". The B category I have already named and assigned to several people here. The reason I am doing this is to save myself a lot of time. B people are examples that I can use when I want. A people are simply people who can manifest them selves into millionaires if they are not now. A/B people exist. As time passes my journal will have a tool box in it par excellence. It will have a comprehensive two dimensional map of the market operating points (and is shaded in two ways for "continuation" and "change") and a tic tac toe weji to place on the operating point and the corresponding "blockers" that define the market movement limitations. There will be the equivalant of architectural drawing off the plan. The plan where the tool box is used to build wealth continually and efficiently. Anyone should be able to spread their personal plan out and use the tool box with it to build what they want. Your resolution for the situation is great for you and others. My resolution is otherwise. So far I have just made a few points and made some requests. If nothing else, I am able to point out alternatives to what these B people somehow have screwed up. This is where I stand and where I am going.
> 4 out of 5 people thing what I say is bullshit. This is normal. A 20% success rate in communicating your ideas is normal? > I am classifying people here from now on as we did in > Misc.invest. technical. A and B. What is the process of moving from B to A? > As time passes my journal will have a tool box in it par > excellence. For those of us with some resources, how can we contribute? Is this a one-man show? -- Jerome
Hi Jerome, Thanks for responding. In reverse order. You among many others have lots of contributions to make. What makes them more helpful than mine is the inherent value they have by being processed by you. I can't put myself in other people's shoes as well as some people can. I know you do that and then you comment substantively in a way that others can connect with. There is also the factor of persons using pieces of this in their approaches and they do get synergisms. These connections are powerful for others using similar pieces. Obviously, I fall really short in being able to be where these people operate. They are better spokesperson for all of these synergy situations. Most people in everything they do move from B to A, if they have achieved B'dom It does take a lot to spend energy being a terrific B type. You can see all the energy involved. Even if a person stops being a B, before anything else they feel a sense of energy that is available. It's like a spectrum a person can choose to travel. They can just let go of some stuff and use their newly available energy for new things they haven't grasp as possibilites before. A B person who is terrific doesn't have any more energy to apply to non B stuff. It's tuff. People in survival usually cling to the "safe" survival skills they have. It is really tough to stop. reflect, and then go in another direction. If you are "safe" and very wrong; it is, especially, a tough thing to change. The 4 out of 5 thing is not going to change. Construct a semantic differential for everyone to put a chack mark on. you can see immediately there are many many reasons people can create to believe and behave as if my stuff is bull shit. It is easy for a person in a venue that doesn't relate to any of this to come up with the same result. The subject of communication of ideas is different. I've only written 30 published books. There is a strong chance that 4 out of 5 people have not learned anything from what I have written. actually here you see many people disagree with what I say and they express an alternate view. They have gotten my communication successfully, possibily judging by their remarks which counter my communication. THe data on using my ideas is about 1 in 5 also. The users are very successful. The % of success is nearly the top possible. To learn from me, it is necessary that I go to where you are and do steps to bring you to a success place for you. That is what I do. Most of the people who say my stuff is bullshit, I may not be able to get near enough to even make the first success for them. The times I do though, and when the person says what happened so others see, are really my leverage towards being more broadly supportable. I do use a strategy to keep some B group people where I want them. I stand for excellence and continually building wealth; other stuff is just housekeeping and maintenance I do to sweep out the garbage. It is my preference that people speak about where they are and why they think they can't process stuff and why they operate towards others because of how they see them. I do not need people to judge for others what is what, especially if it is a negative non reinforcing thing. The people I call B's have proven to me that they want to be B's.
My chart ends at 16:20. As intraday traders we go out at the end of the day and park the money. The market is not a continuous phenomena. the "open" hours is our context here, hence "intra". What I will tend to do after a while is post in a subjournal or something which way the market is going for tomorrow each day. I used to do it for folks who are time constained and just needed to enter and be taken out at the end of the day. That way they can make 6 digits per contract annually. I've done it for two days now and you can see its good for 6 to 10 points a day, presently. I wrote a 3 level post for fast trader along these lines but it gotten eaten in the transmission. It was 3 ways he could ace the market instead of the thing he does now. he has a job and only spends an hour in the am and lunch break. i suggested a short shot in the am (15 min), no lunch stuff and an after hours a and b. As I flesh out the tool box I will set up 5th grade elementary middle schoolr 1st form and upper scholl 6th form stuff. There will be a simple college tuition one as well. Aftr that for adults there will be a pseudo passive, another for evening only, and then the stuff for high efficiency continuous money making. by doing the comment on the money making for the next day ahead of time, I am actually emphasizing the theme suggested to me called "Getting Tomorrow's Paper Today".