Monday start up.
Let synch be at 945 or so.
Draw in the opening channel right line. I am keeping this staccatto so people can see important stuff.
You are in short Rocket right at synch.
Note the exit on rocket corresponds to BO on channel.
Point 1 is in old formation. Note volume is sustained until first stall. A stall is bunch of bars same length and placed laterally. This is an odd harmonic and tells you that point 2 is coming up at a distance twice that covered at beginning of stall. You may think this is nonsense and too detailed but it will put you in a calm place.
Because of confirmation of all possible aspects of indicators at the channel BO, people who are making money consistently in this lousy market, can consider entried on BO's of channels. furthermore you can use MACD away maxes of fast lines or xo's or Divergence of MACD each as a signal that is a trigger as determined according to your skills and wealth. Note that there was a hesitation at 50% on the Stoc. (This is odd harmonic signal)
Note well (NB) the increase in volume coming off point 3. look for odd harmonic to follow again. this channel is a Monday channel. (Like a Friday one) Dawg sees this Mon Fri thing as a generally reduced volume.
Trade 1 was rocket.
Trade 2 is a slow trend trade out of BO 843 +/-. We stay with channel.
The backtesting quality is improving. What is at hand is this. Generally in the financial industry there are programmers and financial analysts. Each has skiils that are knowledge based and derivative of their background, training, interest and experience. It is not common that there are overlaps sufficient to be able to have a comprehensive view. You read their stuff to see which predominates. If the financial dominates,then the testing will not work out well. Vice versa , as well. If their is experience in both. then the bias goes to the positive end of the posible spectrum.
Our first three experiences led to "theres nothing new to test" under results that varied by an order of magnitude.
With the channel point 1,2,3 and Our ability now to get ready to slalom comming up, the testing does get difficult but at least now we have broken across into a positive result. Usually by introducing sideling (vis a vis wash trades) things flip positive by then.
Some helpful comments:
Walter,
Can you explain what you mean by price divergence? Thanks.
Walter responds:
For long entry:
Stochastic indicator makes higher low and price makes lower low.
Right after that stochastic will turn up and all other requirements for entering the trade are met. Today around 10:00est is the good example.
For short entry:
Stochastic indicator makes lower high and price makes higher high. Right after that, stoch. will turn down and other requierements are met.
Example of it is Friday 3-28 from 11:10 - 11:50 est on 5 min charts.
There should be example of it today around 13:00 or 15:00est.
Stalls and hitches and harmonics.
We will be using more stuff related to formations as time goes by.
None of these details makes it harder. The fact of the matter is that all of this is just a consciousness raising activity like learning to drive a car. It will never get to a level of flight consciousness requirements.
People often are locked into a modus of straight unadulterated fear. They view all additional facets and more fear adding crap. They want to avoid this at all cost.
One person here who is trading on a wrong fractal wants more to do as he watches. His exits apparently are on stops set vis avis targets. He does not want ANY complications to improve what he does. This is fear turned into quasi panic.
We do the opposite. We are using strict simple techniques to make money. The more money made, the more we can relax. As we relax we can view the setting in greater depth.
First rockets only. Then washes. Now we add channels dutifully. I check to see if you number 1,2,3. I hope for that. It is a definitive deliberate action based on decisions. You go automatic on this.
Now I am beginning to take you through the life of a channel. this is going to be a terrific process. We want to exit channels on the max profit. We need to "read" the channel travrses and catch on to "What wasn't that?"
if yiu have a hitch which is a stall that is dipping; then you have less strength in a traverse. volume will be lighter too. A stall is a strong series of bars. It does not retrace like a hitch does.
At first i sent you to the fractal that "taped" so you couyld not see the traverses. They just appeared as equal length bars. Now we are opening up a little so we can max out on thrends.
Once we max out, we can learn to do reversals to stretch the next profit cycle. this is a two for one in profit making.
you make more on the first exit and you get into the next trade at optimum.
I had to do washes first to get you ready to max profits exits, max entries and BE PREPARED TO SLALOM on congestion.
Knowing hitches and stalls is part of this too.
Re: question for Jack
I parsed this a little bit below. I will post a chart for today next.
Look for the ****'s.
Quote from cornholetrading:
I had a question about your slow trend trade #2 coming from the channel breakout. Where are you looking for an exit?
****At max profit. Actually the market gives us the max profit.
I would have initially thought that a good exit would have been around 11:15/11:20 when the stochastics made a full oscillation up thru the 80 band and then back down thru the 80 band.
**** It did that three times during our accumulation of profits. We like watching it do that over and over. That is just a signal for intermediates that we are "makin bacon". For the beginner you leave as often as the first of two lines BO down and sideline to keep your rocket profits. If a rocket doesn't materialize, as a beginner you wash out at no loss.
What are you looking at to keep you in the trade longer or to get you out of the trade?
****We are presently using things called channels. These trends we monitor where they can be seen as "tapes" on the slowest fractal. A tape is where the channel is filled with price lines. When you are on that fractal usually you operate as abeginner.
You are using the MACD crossup and rocket reversal to get you in and then eventually you got another rocket signal on the long side. Then I assumed a good exit would be the end of that long rocket signal.
*** Good do the beginner thing for a while. You would have four profitable trades today. That builds confidence using a meachanical system. Others would have made four trades too and theirs each would make several times what each of yours did. No body lost money and each way was mecahical. Experts did three more trades today. They made better entries too so they made about 4 times the high low range today.
Also have you thought of putting all these pieces together into one document with chart examples so that people have a way to look over the material without looking thru 500 posts?
*****It's much worse than you think--- or actually better. I am compiling this stuff four ways fairly rapidly. I also am adding this stuff to other stuff I have piled up (about 15,000 posts) and my records for many years as well.
Continuing general post
How it works to make a lot of money ASAP is to go through mechanical levels and assemble multiples of initial capital. To make money has less to do with the charts than the mental attitude and knowledge a person has.
People come in two basic groups. They are terrific in keeping doing what they want to do. What they need to do is have successful experiences piling up on top of each other.
The other group just keeps up their critiques.
I have four levels of people running along here in about 8 different markets around the wtrld. They all get experience. To day you saw that on my graph Friday I typed where the price was NOT going to go on Monday. That is for your pasting convenience and so you can see happen what I typed ahead of time.
I believe that people make money (learn) if I keep tuned to where they are. Those that post here I give first shake to; second shake is ET messages and I answer those on the thread if I can. Third shake is Email. There I look for stuff I can quickly tweak and get things fixed. I still have some emailerâs who won't leave 1 min.
I will post a chart for the day ASAP. The attached is for equities and it appears in another thread. It is a keeper and I will follow it up with the master blank sheet.
Let synch be at 945 or so.
Draw in the opening channel right line. I am keeping this staccatto so people can see important stuff.
You are in short Rocket right at synch.
Note the exit on rocket corresponds to BO on channel.
Point 1 is in old formation. Note volume is sustained until first stall. A stall is bunch of bars same length and placed laterally. This is an odd harmonic and tells you that point 2 is coming up at a distance twice that covered at beginning of stall. You may think this is nonsense and too detailed but it will put you in a calm place.
Because of confirmation of all possible aspects of indicators at the channel BO, people who are making money consistently in this lousy market, can consider entried on BO's of channels. furthermore you can use MACD away maxes of fast lines or xo's or Divergence of MACD each as a signal that is a trigger as determined according to your skills and wealth. Note that there was a hesitation at 50% on the Stoc. (This is odd harmonic signal)
Note well (NB) the increase in volume coming off point 3. look for odd harmonic to follow again. this channel is a Monday channel. (Like a Friday one) Dawg sees this Mon Fri thing as a generally reduced volume.
Trade 1 was rocket.
Trade 2 is a slow trend trade out of BO 843 +/-. We stay with channel.
The backtesting quality is improving. What is at hand is this. Generally in the financial industry there are programmers and financial analysts. Each has skiils that are knowledge based and derivative of their background, training, interest and experience. It is not common that there are overlaps sufficient to be able to have a comprehensive view. You read their stuff to see which predominates. If the financial dominates,then the testing will not work out well. Vice versa , as well. If their is experience in both. then the bias goes to the positive end of the posible spectrum.
Our first three experiences led to "theres nothing new to test" under results that varied by an order of magnitude.
With the channel point 1,2,3 and Our ability now to get ready to slalom comming up, the testing does get difficult but at least now we have broken across into a positive result. Usually by introducing sideling (vis a vis wash trades) things flip positive by then.
Some helpful comments:
Walter,
Can you explain what you mean by price divergence? Thanks.
Walter responds:
For long entry:
Stochastic indicator makes higher low and price makes lower low.
Right after that stochastic will turn up and all other requirements for entering the trade are met. Today around 10:00est is the good example.
For short entry:
Stochastic indicator makes lower high and price makes higher high. Right after that, stoch. will turn down and other requierements are met.
Example of it is Friday 3-28 from 11:10 - 11:50 est on 5 min charts.
There should be example of it today around 13:00 or 15:00est.
Stalls and hitches and harmonics.
We will be using more stuff related to formations as time goes by.
None of these details makes it harder. The fact of the matter is that all of this is just a consciousness raising activity like learning to drive a car. It will never get to a level of flight consciousness requirements.
People often are locked into a modus of straight unadulterated fear. They view all additional facets and more fear adding crap. They want to avoid this at all cost.
One person here who is trading on a wrong fractal wants more to do as he watches. His exits apparently are on stops set vis avis targets. He does not want ANY complications to improve what he does. This is fear turned into quasi panic.
We do the opposite. We are using strict simple techniques to make money. The more money made, the more we can relax. As we relax we can view the setting in greater depth.
First rockets only. Then washes. Now we add channels dutifully. I check to see if you number 1,2,3. I hope for that. It is a definitive deliberate action based on decisions. You go automatic on this.
Now I am beginning to take you through the life of a channel. this is going to be a terrific process. We want to exit channels on the max profit. We need to "read" the channel travrses and catch on to "What wasn't that?"
if yiu have a hitch which is a stall that is dipping; then you have less strength in a traverse. volume will be lighter too. A stall is a strong series of bars. It does not retrace like a hitch does.
At first i sent you to the fractal that "taped" so you couyld not see the traverses. They just appeared as equal length bars. Now we are opening up a little so we can max out on thrends.
Once we max out, we can learn to do reversals to stretch the next profit cycle. this is a two for one in profit making.
you make more on the first exit and you get into the next trade at optimum.
I had to do washes first to get you ready to max profits exits, max entries and BE PREPARED TO SLALOM on congestion.
Knowing hitches and stalls is part of this too.
Re: question for Jack
I parsed this a little bit below. I will post a chart for today next.
Look for the ****'s.
Quote from cornholetrading:
I had a question about your slow trend trade #2 coming from the channel breakout. Where are you looking for an exit?
****At max profit. Actually the market gives us the max profit.
I would have initially thought that a good exit would have been around 11:15/11:20 when the stochastics made a full oscillation up thru the 80 band and then back down thru the 80 band.
**** It did that three times during our accumulation of profits. We like watching it do that over and over. That is just a signal for intermediates that we are "makin bacon". For the beginner you leave as often as the first of two lines BO down and sideline to keep your rocket profits. If a rocket doesn't materialize, as a beginner you wash out at no loss.
What are you looking at to keep you in the trade longer or to get you out of the trade?
****We are presently using things called channels. These trends we monitor where they can be seen as "tapes" on the slowest fractal. A tape is where the channel is filled with price lines. When you are on that fractal usually you operate as abeginner.
You are using the MACD crossup and rocket reversal to get you in and then eventually you got another rocket signal on the long side. Then I assumed a good exit would be the end of that long rocket signal.
*** Good do the beginner thing for a while. You would have four profitable trades today. That builds confidence using a meachanical system. Others would have made four trades too and theirs each would make several times what each of yours did. No body lost money and each way was mecahical. Experts did three more trades today. They made better entries too so they made about 4 times the high low range today.
Also have you thought of putting all these pieces together into one document with chart examples so that people have a way to look over the material without looking thru 500 posts?
*****It's much worse than you think--- or actually better. I am compiling this stuff four ways fairly rapidly. I also am adding this stuff to other stuff I have piled up (about 15,000 posts) and my records for many years as well.
Continuing general post
How it works to make a lot of money ASAP is to go through mechanical levels and assemble multiples of initial capital. To make money has less to do with the charts than the mental attitude and knowledge a person has.
People come in two basic groups. They are terrific in keeping doing what they want to do. What they need to do is have successful experiences piling up on top of each other.
The other group just keeps up their critiques.
I have four levels of people running along here in about 8 different markets around the wtrld. They all get experience. To day you saw that on my graph Friday I typed where the price was NOT going to go on Monday. That is for your pasting convenience and so you can see happen what I typed ahead of time.
I believe that people make money (learn) if I keep tuned to where they are. Those that post here I give first shake to; second shake is ET messages and I answer those on the thread if I can. Third shake is Email. There I look for stuff I can quickly tweak and get things fixed. I still have some emailerâs who won't leave 1 min.
I will post a chart for the day ASAP. The attached is for equities and it appears in another thread. It is a keeper and I will follow it up with the master blank sheet.