TO, Would you agree that if someone is continually buying the high, selling the low...it would be beneficial to do the oppositte. When I first started daytrading, I consistently put on trades that would go against me and hit my stop plus more! If I had no ego at the time and simply used what was in front of me I would've made progress at a very fast rate!
I do not want to miscue anyone or confuse anyone. I thank you for spending the time coming up with a set of questions. Another person asked, in this thread, about a person being in all the time or not. I am in all of the time and I use 10 to 12 leading indicators of price. Volume is on a par with price for analysis of the Order Of Events of the market. There is no required money management nor risk involved. I sweep surpluses and always take the market's continuing full offer all the time in RTH's. Long ago before PC's people did the same kind of thing and focused on crossover trading stocks. Gradually, new instruments were invented and new scientific tools were invented. So the serial tape which used electromechanical parts was supplemented by the electronic world where binary data was transmitted to PC's and software completed the translation of information to something different to "read" than a tape or chalk on a board. In ET, there are many many young people who did not learn much in schools. They had calculators instead of learning Arithmatic. So now they are handicapped because they cannot "sense" nor can they think "critically". To trade and take the full offer of the market, you have to be able sense and add inference (long term memory pieces) to get PERCEPTION. TRY READING THIS DILEMMA OF A PERSON HERE. I speak of first and second derivatives and I get a reply from someone who "counted" acceleration as first and deceleration as second because his mind is broken and he is ignorant of all of calculus and he bluffs and wisecracks all the time. High school students can take science courses and vocational students can work on cars. both kinds of students know abour distance, velocity and acceleration. Distance has a first drivative called velocity (and it is not "speed"); distance also has a second derivative called acceleration. Now lets talk about you and your mind and the displays on computers. You form a partnership with the market. You do your part; the market does its part. There is no risk nor money management. The market tells, you accept. As you go on doing this circle of repeated events; a new thing comes into the partnership and it is NOT written down. None of the people I mentioned has had this happen. You, though may recall my graphics and spiel on this long ago. It may be in your mind from experience. I am talking about the TRUST that exists in a partnership where each party is following the agreement made. The market tells; you accept. By acquiring knowledge and skills through purposeful experience, a simple profound connection comes into being. The finite tells of the set of market tells comes to have a connection to a finite set of inferences in your mind that are organized in a spectrum of adjacent inferences. You have some good questions that came from your mind to me. All the questions have been asked before. We need to look at the spectrum and find out where the questions fit in the spectrum in order that my answers connect to other, already present, inferences on each side of each question. All we need is a few videos of the screen display and you can see what I am talking about by experiencing it. We do the video in real time at TradersExpo's and our attendees get to see all the questions answered as we describe what is going on, what is important and what each part means. Usually it take more than four trips through a day since the velocity of speech is only 1/4 of the things happening in the market that are important. To begin, the Generals cannot see the stops placed by the retail of the financial industry. Stops are kept "in house" by the IB in trading futures. BUT it is true that Generals and I CAN SEE the effects of stops in the DOM and in the T&S. In fact, since I am a parasite of the genral type traders, I see everything in a leading way ahead of the actual event. All of trading takes place in NOW and it is called the Present. I ask you to have about the right 1/3 of your screen blank as your practice. Some cheapo platforms cannot do this and they cannot keep where you put the unfolding bar in a particular place in that exact place after you set it up that way. You do this setup and use it forever. Also you ALWAYS have the same SCALE on your charts for each thing you display. Check it out and see if you have a cheapo platforms on your hands. There are two jokes about trading. Most traders have never seen the market and second, most traders are so poor they are full time traders. A lot of these full time people try to work for others who already HAVE stupid full time traders working for them. Experts do not have to trade full time. So if you can get set up, you can draw a heliotrope vertical line on your screen that will always stay in that position where you put it. Draw the line to the right of the forming bar which stays in a set place bar after forming bar. This is the place where you know absolutely what is happening as the future comes into the Present where all trading takes place. The space to the right where the heliotrope line is, is approximately one event to the right, give or take. It is where you get the one-on-one pieces of two sets to be connecting at the place called "anticipation" (with sufficientcy and, therefore, certainty) That is where all your questions would be coming from. Between this line and the Present line, there is no risk and no money management ever required. One piece comes from sensing and the other piece come from the fully differentiated spectrumthat has been built in the mind. You can put off this one-on-one automated matching by simply spending time making up rules in the absence of the fully differentiated spectrum. This means you continue to get tells from the market and not do "I accept" and TRUST never comes into your partnership. The symptons of this absence are fear, anxiety, anger, being a detractor. TRUST is accompamied by feelings of support, comfort and confidence. If a tinge of the CW feelings appears, then you know you are not getting differentiated through the on going workings of your mind. You are not "knowing that you know" where the heliotrope line is set. There are two walls in the DOM; rich guys have limit orders piled up on top of each other and they DO NOT KNOW IT OR ARE STUPID. THERE IS ONE WALL ON EACH SIDE OF WHAT IS GOING ON. On my machine I show these as red diamonds and green diamonds on the price chart. These are where the generals are "HOPING AND HOPING". They are rich and they have the margin to set limit orders away from the market to have a FIFO advantage @ a given value. I trade ahead of them in the fast lane so I do not have to deal with FIFO ever. I am always in so I never have any orders siting around. I am a special type trader who has no rules I have to follow. Mentally, I am on the heliotrope line and those who experience watching me know I have my mice and each one has its own purpose. It is like driving a car. I only use my right foot to control the car. I can never do two things at once. It is not like flying a glider where one hand does the stick and the other hand does the wing shape control.(spoiler handle which at 5G's your elbow(s) is locked into metal and you are "hung" in space by a five way harness). When I let go of one mouse, I am slowly reaching for another to commence all the partial fills required to reverse. Think back and remember when snake eye learned it took twice as many contracts to reverse than do what he does and continues to do. I am front running the Generals as a parasite.The T&S has a first derivative. So does each side of the DOM. Watch the OTR do zigzags on the BBid/BAsk (the usual sideways market, where no one has ever lost a dime), then watch the ratio of time spent on each as the market grinds down the DOM more on one side than the other. As you watch the OTR you DECIDE on the harmonic at that time (odd or even). That tells you the spacing of your partial fills when you repeatedly hit TRADE with that particular mouse. We are talking about stepping in front of the generals and their FIFO limits most of which will never get traded as the turn happens. Because of your team's international connections, you communicate on the T&S and the DOM using the units digit of your partial fills. You know of other groups doing the same technique as well. Then there is skype and GTM for punching stuff on the P and V charts. We used to call turns on ET live in the group rest home.(by typing them in). So do not watch scalars on the screen; watch velocity and acceleration. Do 20 to 40 trades a day to extract 3 to 6 times the daily range. Here are the answers to all your questions "sense what is important WHEN it is important. Only sense velocity and acceleration @ the heliotrope vertical line so you "know you know" what is next in the Order Of Events which is the spectrum of your fully differentiated mind. Go look up WWT also.
maybe our new flatmate would like to mark up the low risk entries in fact..anyone can mark up the low risk entries on this chart..just have a good LOOK at it first! XX..u must keep ur charts free of clutter..they must be very clear with no dull colors or shades..just simple and effective..get rid of anything that can cause a distraction..else u might miss the boat TO
was I seeing the wrong stuff on the turning question from earlier? i only have one entry on this chart.
looking at a completed chart is easy to tell the high and low..calling it in real time is a little more difficult if u are losing..then it is obvious that u are doing something wrong what is that something..or somethings..as may be the case it does not matter what everyone else is doing..all that matters is what YOU do u must always think before u act..and learning how to think correctly is a necessity it is very easy to sat do the opposite to everyone else..but in reality..knowing when and when not to act..is not that easy..unless u have a tried and tested approach to trading..and i do not mean a back tested approach based on hypothetical trades..that is only for those who try to justify that which they nothing about..for if they did know..then they would keep their mouths shut and not make idiots of themselves think about it..looking at past events to predict future events is not possible..as very event is unique..and thus can not be the same..no matter what anyone says or does it goes back to the time of the primitive cultures..where statues and figures were used to justify events..which of course we now know is pure and utter rubbish..hell..even the egyptians..the cradle of civilization..worshiped statues and stars..what a bunch of idiots for such a clever race at the time we have to live in the world of reality..and forget all the shortcomings that have been handed down to us form to so called educators..for..the real truth is that the majority were kept in the dark for centuries..for a specific reason..and that reason is still apparent today throughout the entire world as i keep saying..fuk everyone else and just think about urself..and what u need to do to create a full and happy life for ur family and urself..that is what life is all about..not the shite u see on the television each and every day we live in a fuked up world because it was fuked up by the bastards that were a little bit smarter than the average people..ignorance flourished and cosy little circles formed..which we still see in everyday life all around us..it really is amazing how history repeats itself..but that is because of ignorance..nothing else now..where was i..oh yes..a chart is a chart is a chart..fuk everything else..and wake the fuk up if u want to start making some good money..if not..then just keep on doing what u are doing and the small "circle" we are a part of will continue to take ur money from u..with no pity what so ever i would like to speak nice and soft..and tell u all how good u are..and how well u are progressing..but that is all bullshit..u need ne good kick up the arse to get going in the right direction..after that it is entirely up to u whether u make it or not..and that will depend on one thing..and that is that little sponge bob thing stuck between ur two big ears TO
I was just trying to point out to the prior poster, that if one is getting continually trapped in moves. If you are one of those people that routinely buy the high and sell the low(50%+). This is valuable info...you are wrong more often than randomness would suggest! Valuable info.
no worry SB..the reply was not directed at u..mostly general it does not matter what timeframe u use..the price is still the same..but u must look at where the current price is..smaller time frames for better entries..larger time frames for additional s&r levels..nothing anyone does not already know
Took a look at HAL on the intraday as that prior chart is hourly. It ran from top to bottom of that range just today. Would have been an awesome move to be part of
It is you whose mind is broken long time ago! Velocity is not speed...are you out of your fucking mind completely or what.Or you just catch the moment to pour shit on me once again as you like to do.Listen man,stop insulting me i`m telling you.I`m tired of your remarks yet!I`d show you my broken mind if i were somewhere near you and you were some 50 years younger!!!Your chin would be broken completely and forever!Acceleration is a derivative of velocity and not the distance.You fucked up confused genius. Your ''foreing language'' changes from year to year and from post to post.You confused with your language yourself.