You didn't know what the definition of the word "generation" is, and either you don't know what the definition of "phishing" is, or you're lying to slander me. Show proof of me "phishing" jackass. http://dictionary.reference.com/browse/phishing+
This is bogus because it ignores the buy and sell dates on your first attachment. Also, the market as a whole was pretty much up during this time period anyway.
The "theme of distrust" is not about what the market offers... it's about whether or not you can take it. I do reach my goal of 3x H-L in ES as a practice. http://www.elitetrader.com/vb/showthread.php?s=&postid=912447&highlight=#post912447 For the record Jack, do you stand by this claim of yours or not?
10 of the 19 trades previously cited traded those stocks. The batting order is set on a Sunday and the stocks are traded during the week as their turn arrives. This is a consequence of using a Universe, lists where the volume leading price generates a signal and 30 minute charts that show the order of events of the pattern. What is showing on clear station is a person's use of the batting order for a given week. It is what is called a portfolio characterization. When people have many streams of capital the combination of these is called a portfolio. Lets say you did a back test with money. There is a chance you would be using streams of capital as suggested in my writings. Lets say you had 500,000 dollars and the ability to code up an entry and exit strategy by going to a site and "taking" the code. Then you use a selection of stocks to choose from so your portfolio is full all the time and in some sort of balance. Say equal amounts of money or the amounts you used as the portfolio got out of balance over three years. ou trade the 500,000 dollars using one kind of entry and a time out eaxit. 24,000 transactions occur of some unknown sort or other. Combined and averaged you do 24,000 wash trades where apparently the average cost of the trade and the profit or loss is about 18 bucks per transaction. The portfolio had initially 500,000 dollars of stocks in it for 24,000 trades it gradually diminished to only 100,000 dollars left. It can be compared to the current batting order. Over 6 weeks 27,000 dollars was used across four streams of capital. 1,000 dollars was made a week and in 6 weeks 19 trades were done the first being a wash. The clearstation report is similar; it shows the batting order is being held and it is about 9% ahead for the holds on the batting order. You do not know which of the three examples is significant or in what way each is significant. Making 1,000 dollars a week for six weeks doing manually what a team of new traders does, is significant. Dave's quant did a proportion to determine how 6 weeks making 6K becomes something in 52 weeks using alpha as the unknown. It may be possible to calculate alpha from three numbers in a proportion 6, 6, and 52 and alpha for a porfolio that keeps changing weekly. Alpha may be determined and then it can be used in a numerator and divided by 27 and multiplied by 100 to get a % profit per year. For five years the exponent to use is 10 where the binomial value is 2. That is the increase in capital a beginner would get in five long years. One year lesss than how long you have been harranging ET with your daily posts. Lets say 2 to the 12TH can be looked up in a book somewhere. That is the six year resulting multiple of capital growth that you and Dave and others can't calculate over T666's 6 year life span here. The guys are making a week's profits in a day on the ES trading part of the day. You naturally want to know how much capital is involved. It doesn't matter does it. All traders start with the same amount to trade ES. Dave suggested a trader could make 25 dollars in a day on some capital in ES. His Utube example made 100 dollars with a DD of 200 during the trade. 5 contracts were involved. So that is 20 dollars a contract right on the market for Dave's example. Since the trade was a "news" type scalp with no stop and a unrealized dd of twice the profit, we see what great trading is really like. Lets say all news is traded and all other edges are traded. How does it go for this type of trader? We find out by looking at 100 utubes and draw a conclusion that is iron clad proof. I liked the UTube especially when the account was upside down by twice the realized profits and 200 bucks was then left on the table as shown on my chart I handed out this am. For any method, in my opinion, to do those three things is not a good thing to consider nor post on UTube. The three things were: X. enter on that basis doesn't count. 1. hold through, non protected, in a news event where the DD is Twice expected acceptable profits. 2. take profits at the time of a conventional entry signal i(the narrator called it by its name) 3. leave twice the profits on the table (an early exit was made) than if trailing stops would have been used or other simple methods used. the repair work could be this. If you are going to scalp a C&H, then do not enter on the left rim. If you are going to scalp a C&CH enter on the bottom of the C&H. If you are going to enter a C&H use the rules for C&H, instead. If you are going the exit on a standard entry, know that you are giving up 100% of the expected return of that action you took. With respect to news trading, there are several admonitions to keep in mind. By the numbers: news timing is known ahead of time: a. it is preannounced. b. news makes three moves becore its effect is damped out. c. the magnitude of the moves is known by looking in your journal d. the duration of each move is known from your journal. trading news. If you do not know the above, don't trade the news. If you do know the above, you may not bet on the direction. Instead you must do a bracket trade and use the other side of the bracket as a trailing stop for the first move only. There are three trades on the news. The Utube went into the trade at the end of the first move in the direction of the move. the "scalp" was upside down immediately and came back to BE only shortly before the hold exit half way into the third move. Trading the moves with 5 contracts before the open of RTH's would have resulted in three trades of 200, 600 and 600 dollars profit if an advanced beginer was trading BO's or OB's only. BO is trading like redneck's and OB is Outside Bar odd harmonic trading (google: Fourrier or LaPlace) Use my chart and annotate it to see the moves. the fast stoch relativeto news time give your the leading indicator signals using the two line cases and first deriviatives of the fast line for vectoring. The related histogram easily interpreps the two line cases as: M1 long: M2 short, and M3 long. Maybe Dave can get this guy he believes in on the radio.
As I said... "this [Clearstation portfolio] is bogus because it ignores the buy and sell dates on your first attachment [the stock list Jack sends out]." http://www.elitetrader.com/vb/showthread.php?s=&postid=2747143#post2747143 I have nothing to obfuscate so a simple example will suffice to prove my case. <img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=2747381>
This combo of word groups is important. the underlying topic is the market's offer. From this, I gather, I wasn't getting across. I was making a plea with regard to information coming from the market and how a person could be receptive to the information. I am receptive to the information by about 1000%. I am totally receptive so to speak. I use MADA to process it. The reception ends at M and before I annotate. Here you see in quotes "theme of distrust" and that the quoted is not about what the market offers....T666 is making a point about trust, himself and whom he distrusts.; the core of his modus here. If a partnership is built, then it means each partner is doing his job. Each gets tells from the other and each uses "acceptance" of inputs. So in my partnership I trust the market. And I use the information to do my job. My job is a mechanical one where I am a parasite of the market. In a manner of speaking I live off the market. To do that I have to digest the information. So eating is a good way to think for a moment. A plate of food arrives. the first thing that occurs is the recipient "accepting it". It could involve any number of things. In my case it is from Liz. I accept all things from Liz. Food is just one of them. Aceptance means more than the transaction it means a value is involved too. And it means all it correct with the food. There are no "if's And's or But's. On the EMwave P C meter all is coherent. I accept all that T666 says. it is an input that is valuable. It can be considered just like the food example. In poker everyone accepts the other's tells. Then the ADA of MADA goes to work. By accepting the tell it gets value and the space also gets TRUST to appear. By having personal talents a person can be accepting and then use their talents to make use of the value in the tells. For markets the information is what is used to see all aspectsof the opportunity. T666's hardon evolves around information which I provide. The trading of the PVT is so cool and mostly everyone gets it very soon. The current forward testing results from two avenues are available to all. replicating all the data is also available to all since the methodology is published and in use all over the world. By using "tells' that arrive as information, the value of the partnership grows as well. A person could experience: "I used this and it worked for me.". I have capital and I use some of it to do trades using the three ingredients of PVT. One click gives the current selection of candidates from a platform whose programmers made that possible after they got help from Dave's acquaintance who has explained how profitable using PVT, and SCT has been for him and his family. Dave's reconstructed past in his mind deosn't remember nor does he feel anything is acceptable. Too bad for Dave. Doing a loop (circle) over and over in a partnership of tells and acceptance engenders value to the tells and trust in the partnership. What can be added is the one pager the construct of the universe and its pertinent columns, the pattern and the participation of self selecting people with a common interest to share the work....or a T28 or a traderzone or a T666 or a Dave Goodboy. Gradually the market's continuing offer does come into view. the market simply makes it availalbe to all that avail themslves. This is where digesting food comes into the picture. utensils are well named. IAS is something that is necessary to sort. we often sort food. It is also possible to look at the timing of eating the food. Tools are used to do this. Can a person trust scoring? It comes first on the DAS as you go across the sheet filling in MADA of the stocks on the fractal you are using. T666 trusted himself to take the code for 0 to 7 and 4 to 3. He actually thought he was using the 0 to 7. He rejected using the 4 to 3 since it did not happen enough in his comparison of the two things he took. In cycles a rough test of their functioning is that each part is "there" and going further "there is an order of events". T666 destroyed that concept. If a traderis to learn a method he has to be in a partnership with the market and use the tools of the method as he travels the circle that describes how tells, acceptance , value and TRUST flow. This is a theme and it is NOT a theme of distruxt. the 10,000 hours theme is a theme of distrust, it turns out. The 10,000 hours is absent of "acceptance" as most people figure out sooner or later. When does "acceptance" come into the trader's learning process. Usually it never does. Leraners use an assortment of work arounds to avoid building a partnership, doing a routine to learn, and being able to see the market's continuing offer. As t666 states: "it's about whether or not you can take it." For PVT people using the batting order can. For T666 using his back testing prowess and methods, he can't use PVT. He uses other unknown means to make money in markets.
continuation..... The standard is the market's offer. I recommend that anyone learning, learn also to measure the market's offer. Solve the problem of what the market is offering. I use a multiple of the ATR as determined by the flow of the pattern on a given fractal. Observable is done by crayola. The real meaty and great detailed offer is determined by fast computers using andvanced crayola examination of movement. Listen to dave's UTube and see the disconnect between the data and the people and the camera holder. In SCT my charts go out daily and are aways to the same scale. It is not just so the pieces can be glued together. It is because our minds are calibrated to that scale. This is a segway into the fork going into the mouth part of eating and digesting food. I began using a 17 point scale in 1957. I see the information of the market as bars on a set of scales. since I do I use a binary vector approach. I eat morsels of food and their are relativley few kinds of morsels. I do take the offer as a consequence. Every learning trader should give great consideration to whether or not what he is doing is significant. Only do purposeful and significant things. first paste As you sit and watch the markets on empty as in meditation, gradually you see the pattern. this is not how it came to be but it is a way, under total coherence, to see the markets. What was the situation for the person in the UTube with repsect to the market while trading the pre oopen news? He said it was a hope situation. In a dull way it appeared to be an illiquid situation. I call it a Market without boundaries situation. Don't trade in illiquid markets because they are not bound by a systematic construct that can be reconstructed as the past in your mind. The mind constructs the present. Then it reconstructs the past Finally it predicts the future. Thats just how it is for everything we do. We fork the morsels down and the digestion is automatic from that point on. Really, isn't the way you drive your car? For eating food and for driving, everything works out. For trading its: "it's about whether or not you can take it." all referring to the offer a la T666. What I think the matter is all about is whether or not you can learn to be a partner with the market. For me is is a growth process. If a person grows the partnership, he is enabled to take the offer. The offer is measurable and a person gains knowledge and skiils through purposeful expereince and he becomes enabled. We put up the process for that enablement. The consequence is that the offer can be taken. A people are doing the work as a process to get thier minds to become differentiated. This gives them the inference they need to have a mental resourse on a timely basis. work is constructing the present. More work is done to have a memory it is the job of reconstructing the past. Your memory is your reconstruction of the past. At some point people are able to understand the value of reading books vis a vis knowledge and skills. It doesn't work out. Memeory is not created by reading books. How does backtesting compare to reading a book/ How does paper trading compare to trading real money in real time? What is the prediction of an expert PVT or SCT trader? quite simple:"I know that I know." What is the prediction of a driver of a car? I am going to get to where I am going. What is T666 prediction about trading? I am going to harrange jack hershey tomorrow. So the purposeful experience to become expert is to keep constructing the present purposefully. It is the holy Grail of trading. Use MADA to know that you know in the present. Using that you know that you know to answer thre questions: Where am I in the cycke? What is next? and how fast is it changing? The UTube demonstates the person is using a C&H and he exits upon the C&H signal for entry. He exited when he found out where he was. Before that he may not have had the asnwsers to these three questions. waht does a learning trader do when he does not have the answers? He goes to the sideleines. What does the trader do when he does have the answers? He trades the market by always being on the right side and changes sides to take profit segments when the trend is completed and the next trend begins. The ATR is the limit of price movementduring the day on many fractals. the slower ones do not trverse the range many times. faster fractals do though. any person can go with the flow of the market and continually take the market's offer. When and how does a person learn this? He learns it with purposeful experience that allows his to reconstruct the past as his memories. Organized memories are what a person combines with sensing to have PERCEPTION.
Thanks for putting up the chart for all to see. As all PVT traders do, I did MADA on the chart. Please notice the containers of price for short and long. This is how RNOW gets into a sort and how an IAS being completed gets the data into the Universe. The batting order superimposed is a consequence of using the IAS as presented for comparison on the Universe. the Excel Universe is sorted and the "hot list" batting order is agreed upon as a camtasia video is used to record the Sunday session. As we all see RNOW really racks up the profits. A PVT trader uses a computer and on it he has a platform. the platform is loaded with tiles set at 30 minutes and they form three columns of tiles. One is for possible buys; another is for recently owned (favs as they say); and one is for owned stocks. this is just the ordinary housekeeping. So our local traders who come on Sunday do not miss a trick. They didn't miss annotating either. They didn't miss the pattern doing its thing and they didn't miss the volume signal for the trade. They are not doing any hindsight on their computers. They may only be in for 2000 or so shares of RNOW but they do know the pattern and they do use the volume values on the one pager. Here you see the short pattern R2R 2B 2R. You see the ftt and the bottom of the cycle.. Next you get to see the pattern repeat.... B2B 2R 2B and 4 go to 3 as usual. As you say the theme of distrust is there for you all day, every day and with respect to everything. Your punch line is terrific; you say the bottom line is being able to take the offer.... They SEE; they DO; and they TEACH
May I share this chart once again. I had originally posted this back in October 2009. It is the ES Monthly chart. http://www.elitetrader.com/vb/attachment.php?s=&postid=2609165 The original post and a later post discussing the monthly ES can be found here. It is the first post on this page. http://www.elitetrader.com/vb/showthread.php?threadid=113310&perpage=6&pagenumber=2107 Here is the ( at the time ) updated chart attached to that post http://www.elitetrader.com/vb/attachment.php?postid=2633197. I felt at the time , and I still do that a sequential order was to finish building the ES monthly retrace, before a resumption to the dominant ( down ) move would begin. Within the ES Monthly chart that had been posted, the future annotated moves are visible. What I would like if anyone would be so nice to share, no matter what your style of trading, did you, or do you see the future of ES differently? Somewhat same ? No need to reveal anything proprietary if you choose not to. ( edit: all annotated arrows indicate future price direction and do not predict the future price levels )