I am watching t&s's of ES and NQ side by side lately. Very often trades will go of the bid on the one, and on the ask on the other. -arbing? This is when the sentiment is inconclusive i presume. Interesting..
I just found your Eurex scalping thread: â¬â¬â¬Eurexâ¬â¬â¬ Not only the title looks pretty. The thread is a real gem, too. Classic quote: Classic... Or how's this one? LOL... Good ol' DT-waw...
I spread trading out into parts that cycle along at the rate required. The intellectual parts, gathering data and analysis are minimally done to have a very sharp and precise focus on the NOW. Then I cycle onward into decisions and timely action. Sometimes just one data element changing rips me through the four parts and on to another lap. My most common action is to "hold". NLP is located in me right after the intellectual parts. scientist just above recites many pistures another uses as his belief system. these pictures are our beliefs. I have beliefs about the market that I have iteratively refined intentionally for 46 years formally and generally for 24 years before that outside of the market. As I grew, I as you do, formed pictures. We all have a set of NLP's; we use them right after the analysis of what we see. There is no blank view. Why you have to take the course formally (I use Tad James, et al) is to be able to get your basis for decision making (your beliefs) squared away. The fact is that no one helps nearly anyone get their beliefs in order and weighted and organized and fixed up so they can be tapped appropriately. This is the topic of the perenial debate upon reading books. you do not change anything NLP wise by reading. Reading is sort of intellectual. What is the equivalent word like reading for knowledge and intellectual stuff, for NLP'ing? It is processing. You have to learn to examine your beliefs and "process" them to a very high level so you can realize your potential. Journals are "processors" when used correctly. I posted a "4 stepper" as a quasi journalling event thing. What it is is a mini processor. It lets you write downa picture. The one that is screwing you up presently. next you articulate the picture you want. You then accept this picture. And last you move on to other stuff. You also after 25 of these quickies get a feeling that things are changing. By shaping up a complete set of really terrific invincable pictures, you begin to move from the data gathering and analysis to ......decisions based on your comprehensive excellent high quality beliefs. Then you take action in a timely manner. Over and over and over. It is something to be gliding through a day on the market. I am a glider pilot who gets one tow after the market closes then I stay up until sunset. It is not like sailing where the wind on the water gives you a clue easily. At 5,500 feet a 12K cloud is not a clue. You "feel" your way along the paths in the air. Your tuned and stable and complete belief system for the market are pictures. You use your intellect to know: what is going on (gather info and do analysis); you think about "what is next" and how fast is it changing. After that you go to "feeling". Pictures tell you what you are feeling. They are correct, deep, abiding, trustworthy and comprehensive. You behave, then, based upon your beliefs. Over and over and over and over. Any time you are distraught with how it is going, you can deal with it. You actually do deal with it. I suggest that you learn to "process" the situation and gain a better solution. When I present my views I couch them in "processing". I hear back "I can't understand you". Well I recommend not standing under me any longer. I do not want people to just "think". I want people to get a picture of where I am and what I am saying about that picture. What I hope for is that people get a picture that they can put along side what they already have and use for that situation, circumstance and /or condition. I want you to provisionally accept what you see coming from me. Do a compare and contrast, etc, blah blah.... Percolate it and process it. It is not an intellectual thing that scientist is screaming at us. He wants you to get your pictures straight in order to have a belief system that totally supports your trading behavior. I do FR's (failure to resumes). WTF. Well, I am just saying that I glide along through a kind of market sequence that, as it unfolds, I can see it "doing it's thing". Who cares about a descriptive entreaty on FR's. What is important is that I believe all the time that the market is just "flowing along" and everthing I decide and how i act is going to fit right in. If I don't ace every moment, I can "process". Someone declined to reply on a point because "it is a long story". He meant he doesn't trade that part of the market and he really got his pants taken off. He just does another type edge. This is simply a long term postponement of "processing". he can't process so he never discovered market pace nor market volatility changes. blah blah. You have to get NLP understood by taking a course and then practising using NLP to get your beliefs honed to a sharp comprehensive edge. This makes not understanding others less frequent and you will also say "I see what that guy is saying". This means: "I recognize the specific belief that that guy has and how he uses that belief to make decisions and act upon the decision." It is all the stuff that comes after data, gathering information and analysis. What you see posted in charts and indicators is fluff compared to the beliefs behind them. The belief pictures come from NLP. If you stay on the outside and can't see anything being stated, then it is because you are still ignorant of how you as a human work and how to improve yourself to accomplish your deep and abiding potential.
Now here comes the voice of true trading excellence: How good is that? These are some classic scalper quotes, man! Nice!