This is an observation. People get intrigued with the market and they set up all kinds of stuff to do things. you will notice that I often suggest to people to put the stuff I do into their operation as they choose. I also suggestthat they get rid of redundancies as they go along. There is a basis for what I say and how people make these changes. You only get the right to do stuff based on the money you are making. I'm following many people here asthey progress and I sometimes request stuff from them to see better where they are. You fit into a category that is a significant one. As you focus on innovations you are passing up getting rich sooner. There is a sharing in the money making. The market does some things and you do others. You are like what you are now and you are bending the market to fit into a mold you are building for it. That is just an observation. I am an advocate of everyone being rich. It is possible to get rich in a short time by following a path that has very few hazzards. you do not need much money to start. for money management you use a fringe consideration. You use the least money that you can and secondly you only enter when you have the simplest money making opportunities. Along side this you focus singularly on learning to leave the market with no loss. This above paragraph and all the top part say one thing. The two pieces are in the greatest contrast that could exist for almost anything. Here is an admoninition: everyone here should dig up the minimum capital, set up an account and trade one contract. Make money and do wash trades. Rockets and washing. Icebergs and washing. Slaloming and washing. Next after you are rolling along at a slalom 5 contract level go into the optimization stuff. I glide with an ex world champion glider acrobatics guy. (He was invited to the 40th anniverary of the Tokyo Club to demo.) whyat he said to me one day at the top of a hammerhead was this: "Jack I really like how you do it and you know why you do it the way you do it" This is not an ego comment; what it is is a statment about how things are best approached. If you know what's up under all conditions in flying, you can work through most stuff that comes up. I vote for going through levels of performance. If you denigh yourself the opportunity to develop skills and you are skipping steps, you are never going to compete where optimization is what is on the table.(sitting there realizing the full potential of the market) What you need to go for is a permit to do acrobatics at events where you have a zero altitude minimum.
starting at 10:50 i tried slaloming on a combination of the channel and frequency/ pace of market. As i saw it we were in a 40-45 min cycle I got in at 10:50 got scared and washed out for a small loss. I tried getting short around 11:10 and held to what i thought would be about the bottom of the cycle. I got out at 11:34 right before we came off. I got out because i thought we had gone into ccc. It appears as if whe can go into centering and almost go on hold for half a cycle, something I thought I noticed in the past couple days as well. I am not seeing the right things so i think I need to take a step backwards but would be curious to see how someone who saw it correctly was looking at it. I recognize that I need to be looking a other indicators at the same time and had been thinking fast/slow stoc xo each other or 1 min crossing to the other side (which had happened at 11:34), any comments? I think i am way off base as this is my 3rd bad day in a row. trying to get ahead of myself is my biggest problem and i think i am doing it again. how do you know when you are getting ahead of yourself and when you are just struggling to get to the next plateau? thanks
Look at this bar volatility and the volume trending. All the indicator line pairs are glued together.
this is going to sound pretty bad, but I guess i am a little confused about the Pace, i thought i knew how to find it but I never really go off the 5 min charts to trade (except anticipating withthe one min). I take your coment to mean that when you find the pace of the market you then trade off that fractal. I thought the pace of the market was the lenget of time between cycles
thank you Thank you thank you. You can only make money as fast as the market gives it o you. If everyone would take the trouble to, once in a while, take the time to be thorough and proceed with what is so very strong in your collection of skills. Depart from this foundation for sure as you add mortar and granite. we are not throwing up summer beach tents here to just keep the sun out. Man we are building a fortress that pulls in money continually.
The VDU on a red line (down trend line) sets up a volume BO. volume BO's lead price BO's. we are seeing the 15 tape continue. Okay on 15 you see the volume trend slowly going down. It is a rocket on 15 and we see just the volume decline as a flaw. Meaning the trend is not being fully supported by volume. We see daily that this is the volume trend each day on the 15.