One of the terrific benefits of ET is how the spectrum of members express themselves with respect to what their status is with respect to thier personal viewpoints on trading, learning and making money. You , trader666 and Jim Fisher at Harvard are saying you are not successful, learning anything useful nor do you make any money. To get any of you to a place where you are becoming wealthy is not going to happen. All of you are valuable examples of people who have not taken on the personal responsibility to come to understand the market's offer and that it is avaialbe to anyone who wishes to take it. How a person becomes expert in any method is clear to the public. They learn to trade the method by equiping their minds with knowledge and skills gained through purposeful expereince. you three have struck out on all counts. You are not successful, you lack the ability to learn and you cannot make money from the markets. What is important about you are the examples you represent of not getting the job done. In this thread there are many examples of what learning to trade to make money is all about. Their common thread is personally doing work. As observers, you people are watching others doing work. One common thing that is going on is that a few people are asking questions. The reason they ask questions is that they have grasp the simple notion that a lot of money is being offered by the market continually. Jim Fisher is a person who deals with statistics and he wanted a bridge from indicators to computer sciences that would have allowed him to statisticulate. Using formulas to calculate market timing is something that none of you can do in any way either. You are able to take up the torch for proving something canot be done. Each of you has proven you cannot do anything that you are complaining about. This type of constant detraction is very important because it focusses on what is not possible for most people and why they are so incapable. It all begins with the mind and the operators of the mind. The one's used for driving and reading are the same ones that are used by the mind to trade successfully. Anderson of Kipplinger's makes the same point you people do. He could be serving his readership by teaching them to trade successfully. He could do that by helping them learnwhere to go to do what and why they could be becoming successful. There is no chance in Hell that he has the mental capability to serve his public. He is just like you three. You, Kipplinger's and most others represent how failure turns out when a person's mind is screwed up. For those who wish to be successful, we spent over five years making that possible. A systemmatic record was created so it would be available to everyone who was able to grasp the import of becoming wealthy by learning to build their minds in a PROCESS. As thge future unfolds, mind building will become more common and effective in all fields. Recently I posted on the way annotating charts works. first you draw the lines, then price fills the container and then volume, then price signals the timing. This is chronologically three steps that occur in an order of events. children can multiply 96 time 95 as fast as you can read this to get 9120. I did it and they did it the same way. You three have to use a calculator to do it automatically. your brins and the children's brain operate differently. You reach for a calculator, put in new batteries. punch the keys enough times to get the same answer more than once and then use 9120 as an answer you finally trust. What do children do? They subtract both numbers from a nearby round number. Rough out the answer and finally add the loose ends to get the precise answer. Subtraction yields 4 and 5. The rough out yields 9100. the loose ends are the product of 4 and 5. 20 is added to 9100. When the kids HEAR the two numbers they HAVE the answer. How you four process the approaches and methods successful traders use is simple to understand and express. You start out from your belief system. you compare what you believe with what successful traders use. You judge the differences and find you are right and they are wrong. You prove to yourself that you are right for years and years and they just keep making money. You think the lines are drawn afterwards and they are not. You think people make up the trades; they did not. You think not one can make what the market offers; we can make the market offers. You think because you cannot back test that no one else can back test; anyone can back test if they use the correct method. You think your mind is working properly; It isn't. Your minds are fucked up. Do yourself the favor of reading what each other writes. you people are irrational As generations passed, the way people behave has changed. Trading in the late 50's was regarded as stealing other people's money. Not working to make money was regarded as unethical. then slowly some people decided to jump on the bandwagon and get rich too. Mostly is was coattail trading, a convenient shortcut. As the SEC bought computers and programmers they learned they were screwed up in their monitoring and had to do a better job. They were a pain in the ass for several years because they did not know how to connect profits in accounts to the market's offer. Larry Harris and other have explained it to them, finally. Sales and marketing people thought up contests for people to play. the contest rules were incomaptible with making money however. TV went into the entertainment business vis a vis making money. These are very funny shows and some people belive what they hear. Today, we have the T666, dave goodboys, and LO at MIT to humor us. The theme has always been mythical belief systems crossed with successful methods. The expected result; people blowing their horns saying I can't trade and you are wrong by my belief system. You are pissed off outsiders and we are laughiung all the way to the bank. The noise you make attacts all kinds of people. We think it is very fortunate. It divides potential traders into two groups: learners and detractors. The A people and the B people. B people cant learn and trade successfully and A people recognize that there is a mind building process to be completed. My job is to inform those who have minds that still can be built. For those people, here is where you begin to reason and critically think about learning to be a trader. Do NOT work on how to make money. It is futile. You read this as Do work on how to make money just as you see a person falling down on the ice when you read: don't fall down on the ice. So I must say to you Walk carefully on the ice and Do work to learn to build your mind. We use the medical model: See one. Do one. Teach one. Seeing is very important. That is why daily I hand out part my work for the day. It could be logs, charts, or my debriefing synopsis. The categories are the categories of what the recipient is working on. Sundays we Do one. We preapare fopr the week and we do a day or so of SCT. A camtasia is made and then "produced". It is a video reminder of a work session. this week the focus is on the DAS. three have been handed out to all. they will be reviewed and a glossary of terms of each of the columns will be "Seen" so it can be DONE each day thereafter. Sub groups meet several times a week at various places with various guests. This week a column was added to the Universe and a sonsequence of increased sensitivity. We are, in effect, teaching each other using what surfaces as the syllabus. The same sensitivity syllabus has generated itself for four generations. See one. Do one. Teach one. Imagine T666 pulling 20 to 40 % a day on capital in SCT. Imagine him sweeping surpluses out of SCT to PVT on Fridays. Imagine T666 after all his years of working setting up the weekly batting order and teaching people all over the world remotely to do what he could have learned to do. BUT he can't and never will. He is Whyn'ing at record setting levels instead. That is his bag for the rest of his life. He did build his mind into an irrational belief system. So did Dave and so did Anderson of Kipplinger's. It is terrific to have a record of people doing daily for years and years what T666 and his detractor buddies do.
To get started 1. Make up the cases of P, V for two bars. 2. put thse 9 cases into two groups: translation or intrenals (non translation. 3. Annotate 10 charts bar to bar with the cases. 4. write out how a forming bar goes from one case to anothr as the duration of the bar passes. 5. Design a log to use to record the bar the time in the bar and what is happening on the two and five minute charts for YM and ES respectively. 6 use the log daily to discover the progressions on YM precede the same progressions on ES.
Okay thanks for doing that. Much easier to see now. Looking at bar 65, you could label it as FTT once the bar closed right? But would you reverse right away there or wait to see if the next bar 66 traversed? In other words, since bar 65 failed to traverse is that good enough signal for you to get short there? I realize this is only one example of an FTT but helps to understand how it could've or should've been traded. Thanks and I'll check out that other thread as well.
The content of my post was the existence of dominant and non dominant moves within trend. Do you agree or disagree ? a simple pullback from a direction in price, a retrace, dead cat bounce. Do these exist ? Attached is an image. Please let me know if you disagree with the image.
Design a way to note the relationship of the fractal you trade and the next slower and faster fractal to the trading fractal. Be sure to include P and V for each. Take the result and fill in each row in the order that it occurs for completing a long then short portion of the slower fractal. Also include on a separate line the prgress of each of the two faster frac Besure to include a row for each item in the order of events that occurs. Why couldn't the guys at Harvard do this after a year of trying? They could not determine volume peaks and troughs. How did they finally solve the problem? They used a two line indicator on volume and they added a price indicator which spiked. What was the two line indicator called? What was the spiking indicator called? The answers are posted and they answers are found by looking at the public dialogue. It is not necessary to use private emails or phone transriptions. If you do either of the tasks (how fractals nest or how Harvard solved the frustration problem), you find out very quickly, as learning readers do, that you do not have any vocabulary to work with. how do readers get their vocabulary to grow? They write. They think up descriptive words for what is needed. In trading the parts are described in snippets and scripts. these are coded groups of what is called "logic". If your mind is empty of logic, you have to begin to put logic in your mind. Your mind then begins to arrange it so it is easily available for usage in the future. How many parts are there in a cycle? What are the parts?
Here is a mini project. Dave can't understand lines are drawn first and then the trade signal arrives and the trader reverses. Draw a problem solution for him to see step by step using a few drawings that illustrate how trading works. Think in terms of as fw bars as possible and just one simple signal. He has it ass backwards because his mind is screwed up. Here is the real problem for you as a potential mentor of a guy with a screwed up mind. You cannot erase what he has put in his mind. You have to discover what is in there that is fouled up. Since you can't erase it (meaning it is there forever and biochemically he cannot generate the biochemicals and apply them to fix what is busted), You have to put something "in front", "on the sides of" and "behind" each of these discovered fouled up areas. You have to puzzle out what is big enough to surround the fouled up parts and make this solution the new "first recourse" and keep the bad stuff isolated. Reminder: it takes 3700 parallel synaptic connections to even establish long term memory for the smallest memory element. There is no unhooking as explained above.
I snipped this illustration down to point out the signals (oval) on the chart. I also point out where annotation on price (angular) have been ommitted. By drawing up from volume the signals, you can see that sitting there on price is the corresponding action point.
Here is a detailed shot of a trade on an observable level. It is the usual 20 to 40 trades a day level of trading. Obviously, the time the lines were drawn was at time of bar 3 ending. I'm sure that is difficult for most people to recognize the trade short was taken on the top of bar 2. this is a time when no lines are drawn for the exit of the short trade. this is why a person can say and belive the lines are drawn after the trade. After the trade means to that person that the person is in the market and time is passing. this time may be thought of as during the trade when sentiment on the fractal is short. The trader is holding bar after bar because sentiment remains short. He has time to complete the profit taking over a 2 bar periond. If he takes either opportunity he is also in the market and using the long sentiment of the future as he sits in the trade. Where in any bar does a person take the opportunity to reverse. Ususally he looks elsewhere to get the carving of the turn done as each detailed opportunity presents itself. Since there are 7 leading indicators, the carving gets pretty scientific in the end. The hold is probably more that 15 minutes of the day so the trading rate is only about 25 trades for the day. Maybe it is possible for the reader to grasp that the lines are drawn well before the trade completes AND the lines show when the time has come to complete the profit taking. for BO' traders the trade is when and at the price where the bare BO's on the RTL, a line drawn in advance, of course.
I was advised that name was invoked on this thread. Well, anytime someone wants to put me in the same sentence as Dr. Lo, I am not complaining. He is a super nice humble market genius who I have had the privelge of chatting in depth with on several occasions. Once, I watched his 6 year old son challenge a chess Grand Master to a game, the kid held his own in what was a very intense match. Jack, obviously from your posts, you believe that your method is the only way to profit from the markets. You believe that those who don't follow your method are somehow inferior than those who do?? While we are on the subject--- how about making some market calls here. you choose the market and instrument-- Show us what is going to happen at any point in the future prior to it happening in a non vague direct manner. I bet you can't do it. At the very least, you may be a sincere kind person who is deluded about the value of your method. I don't know. There are many ways to make money in the markets. In fact, i search out edges for my firm. It needs to be a proven method that makes sense. I have seen and invested in true edges that make money. Based on what I have seen of the chart art-- it is neither proven nor does it make sense outside of the obvious self serving circular rhetoric. surf
I think you need to apologies for this post, Profile Logic. You turn everything into personal attacks because you can't defend your own method. My challenge to you, as well as Jack, post trades here prior to the fact to prove your system. Otherwise, it is as it appears, circular self serving rhetoric with a dash of nastiness-- in your case-- as evidenced above and other posts of yours on this thread. At least Jack doesn't attack personally. Furthermore, your invitations to watch you trade make no sense. that would be like going to see David Blaine do magic tricks. Post the evidence here. Jack says you use a form of Market Profile. It looks similar too me also-- why not just admit it that all you did was tweak market profile and make outrageous marketing claims? It's too nice of a day to be inside. Heading to Central Park with the co-conspirator for a stroll. Best, Surf