Looking over the day @ midday (half way through the day), it is seen that the range was set, retraced and retraced again. These three passes across the range result is three trades per range crossing. As an altenative statement, this shows how choosing the trading fractal works for any trader. To see three fractals on any chart is common. So choose a chart that puts the tading fractal on the middle fractal. To convert a trading style or approach to a more complete one follow the edicts of Behavioral finance and do the iteative refinement when the market tells you to do he work. You will get an emotional signal to do this. Consider surf's emotional signals. He can look at any chart (Say look over rearden's shoulder (right one) and never have any emotions. Why? This goes back about 15 years when he completed his 10,000 hours of first work. At that time, his mind was not differentiated. This means he did not have a collection of long term memory facts that lined up. At that time he made this known publically in some manner or means. Now you see his training as a "prospector" working "pricelessly" as the advertizing says. He gained a script that brings potential clients to the "hedgies he prospects for. When a collection of un-connected myths fills the cavity, it does not provide AHA's upon wakening anymore. In learning to trade. Refrain from making mistakes. You are told (emotionally) to pause and rethink automatically. Build your long term memory in a myth free manner. At some point your mind will tell you it has assembled a spectrum of long term facts that show you automatically which element in the spectrum to regard. It is like how you transitioned from learning to drive to being able to drive. My kids learned to plough before they leaned to drive. You look backwards all the time and the steering wheel gives a pressure to keep you in the furrow. Discing is most fun because you can draw pictures when you have the task done and ae using the tractor headlights to stay on the machine longer. The signal ,in trading, of this transition is that your mind, at night, builds sinews of facts in he differentiatd spectrum. It encounters spaces that may be interconnected better and better; BUT it has to ask your unconscious mind to get these anwsers. 90% of your market observation is unconscious. 10 percent is conscious. That is a dog behind that picket fence. All you cohesive gathering together of the opporutnity is done when you sleep. drifting off to bed afte a lat nite bout with your friends is a nogo for getting anything done in your sleep. Pussy awareness slows you down too. Monks are good traders sooner as we know. When you watch markets a his point of mind building, you see bettee as the bars unfold. Read all the progress reports in ET. You actually can write down questions consciously to check out from your copious logging records. When questions begin to appear in class instead of steady note taking I know the crop is going to be harvested. so now here w have charts coming into the thread. We have Q/s as well. Two mutually exclusive sets of trend facets are being built. One sub set is EE's the other is the OOE's for the primary and for the secondary. EE are divided into quickies and non quickies. We have done one of each for the record. the primary we see as the Pattern I posted. The secondary is the sub trend after point 3. this is steer and focus because we know we know the trend fails after point three. It can also VE or fan or remain in the trend container.
I made money today. Anybody want to try to guess which method I used? A. Price action B. Price drivers
(edited) Listen to Covel's Podcasts, you will see the light, Faaaaaaaaa Que http://itunes.apple.com/us/podcast/trend-following-manifesto/id151217747
It can also VE or fan or remain in the trend container. lets look at he time of day for examining each of he three. AM is VE time so is PM BO time. Midday is remaining in the tend container Fanning is late AM and late pm time.
Says the guy who touted his 3, yes, 3, winning trades in a row. Thank God for the Internet, because I usually don't come across people this clueless in real life. Let's me know how the other half lives. I mean the half below the median IQ, that is.
you are making claims about price drivers again. An untested method yet you say it will increase his profits dramatically. how do you know? is this a true believer attitude again?
Because faith works, scientific method is for ignorant fools. Or was it the other way around, I keep forgetting.
let me know when you have 1000 trades recorded using the price driver method. then I will consider your claims.
This guy is clearly someone who will latch on to anything. When "price drivers" fails, next year it will be something else. I bet he doesn't even get to 1,000 trades using "price drivers", much less get to 1,000 trades with a net profit. What was he saying yesterday about them, that he has a weighting system for a bunch of data points and then he uses that to get some kind of score and then applies a bias? Yeah, sounds as scientific as the fucking Manhattan Project. Nothing subjective going on there.