Quote from cornixforex:
In addition to charts? Do you mean volume, T&S, DOM, analyzing other markets etc.?
I am a friendly guy.
You are a newbie and a psychologist.
Open the files of your clients. They have never seen the markets.
Here is the basic situation: the conditions and the context of "knowing that you know". Your clients will give you, collectively, the 70 items you want to have.
Mathematically they are called "degrees of freedom".
Think of one of the places I live part time: HI.
A hot spot pushes liquid mass up from a point. The crust moves north then moves NW. Slow or faster.
An island chain appears.
These symbolize the initial DIRECT degrees of freedom of data coming from a market. They stream data (6 to 8) that is used to build the other degrees of freedom of the market (about 70).
Call these other indirect degrees of freedom villages on the islands. Each village has a name and it works well with other villages. Usually the villages are close together. They use direct degrees of freedom as ingredients to construct mechanisms (criteria, filters, functions, rules, strategies, and reference libraries). As yet you have not set foot on an island to go to any of the villages to see the human activity there (degrees of freedom created).
You have a mind. It has a spectrum of knowledge and moreso a lot of empty unused space.. Its basis of functioning is "neuroscience". Groups of minds work on the basis of psychology (a quasi science.)
Unknowingly, you have bounced around and gained an improper belief system for doing your work and play. So you help people with minds that are also out of kilter.
6 to 8 degrees of freedom originate from the markets and are slowly piped to the villages on various islands. The Direct degrees of freedom also make it to the other islands..
Villages create about 70 degrees of freedom and this includes the direct degrees of freedom.
Neuroscience works as is found in the literature. Some grouping of thoughts, but mostly thinking serially and WITHOUT an internal software to guide it. All short tem memory not much long term memory.
Your mind is typical since it is not differentiated and your beliefs cannot form a spectrum of relatable knowledge for trading in markets.
The participants in markets are not equal, money sizes them. There is a transient chicken feed population.
With this scope and bounds stated above. Here is how taking the full offer of the market works.
The mind of the expert "knows it knows" at all times. The simple mechanism is to use parts of the spectrum of full mental differentiation at the right place to know from whence to go forward at all times.
I call this steer and focus. In any locus (village) you arrive at, you go to the information of the few degrees of freedom that make up the bundle your neuroscience is handling.
Every 300 seconds, on a five minute bar this takes place several times and a lap in processing a fact is about 10 to 100 milliseconds. In HI you go from island to island and when on an island you go the the propr village.
Lets use a bar on a day and go through naming the bar. All bars have specific names.
First, you check the sub set of the degrees of freedom created to see if the forming bar is a repeat. At the beginning you check a subset, as always and find the bar has a name called WAIT.
Wait is an OR'ing of 8 cases of a RDBMS. All humans have RDBMS's. Any one of the cases is True. So the bar is named WAIT at its beginning.
Maybe you can read these sentences. That is a True condition. Maybe your beliefs cannot let you read these sentences; that is a False condition.
If there are NO trues in any of the WAIT constiuents, then you are in NOT Wait and you steer and focus on the "repeat True or False. A false lets your steer and focus on the possiblitiy to be examined when the repeat is false. It is test B (you could not undrstand all of B testing). But you can understand what happens if it is false. When such, you finish the 300 seconds of attention to naming the bar by performing an event of two choices based on the work of differnt villagers.
At any rate, you decided the trend was continuing or it came to an end at a percise moment and the moment had a name (If so it was pne of 35 finite name choices).
All of this I did to set you straight on where you are in the finite scheme of things.
Psychologists deal with the aspect of an individual's behavior in his group. Anyone seeing a psychologist regarding trading is in the "learning failure" group and the psychologist easily can see that his beliefs are incompatable with succeeding and, furthermore, these believes cannot be erased (or put into two piles and ingoring one pile because not enough processing time is available since not enough knowledge about processing can ever be transferred case by case (case mening a failing personage)
Learning how to learn is the basic place for potential traders to begin their brief tour of trading. If they can afford it, psychologists give them reasons to quit. Catalyzing quitting is the psychologist's job.
Make a list of the degrees of freedom your client mention. When you have about 70, you have the picture. I have mentioned all of them at this point in my past posts. I also have done the documents on putting all these pieces together in the correct manner to take the full offer in several methods of successful "takings".