Quote from frenchfry:
chart 27
Your text is a common outgrowth of the emphasis on creation and invention in formal education.
I corrected the invention you came up with by using the M rules of MADA. I picked off your procevity early in the thread. rwading what I suggest is not going to work for anyone. what may work is doing drills following the rule sets of the elements of MADA.
by getting the M rule set down, we can get the A rule set down and then the D rule set down and then the A rule set down. All these snippets make up an ATS for each level of trading. An equity curve for the levels has already been posted in ET for trading the ES; the family of curves was done by our world traveller NEOXX in his 1,938 printed page boot camp affort in a past thread.
If you wait for a chart to be complete it is different than doing a chart as it happens. this is a sort of psychological difference. Learning therules of M of MADA is best done by knocking out charts until you drop and then getting up and doing more and more charts that are P, V charts.
So my compliments on the rate of change of your knowledge and skills.
By next Friday we get to have the experience of the SEC citing many more fraud cases that parallel the GS and Bush era non enforcement period. WaMu was taken up by the Senate investigation sub committee last week as we saw on C span. The WaMu boys were still unloading mortgages they KNEW were bad in the first Q of 2007. long after the Bull ended in late JUN/JUL of 2006.
It is like a overhang of snow building on the lee side of a ridge. I loved hiking to those ridges, putting on skiis and poling out on the overhang and taking the ride down with the snow when the failure occured. It is like skiing ahead of an avalanche. So we get to do acceleration on the very slow fractals of the market soon. the inverted saucer has taken us past the original RTL of the Bull retrace. We saw that beginning post 10SEP09 when the green bookmarks of the FTT's on the Bull retrace began to come into play.
So the weekend has begun. I am really pleased that we got so much done to be able to make the weekend productive. Now we get to apply capital day after day to two markets that do not overlap in RTH's. For the West coast crowd this is AM trading on ES and PM trading on k200. One contract is the beginning point once you know that you know on the trading fractal. Each trade is a dom, non dom, dom hold. MADA is the routine.
At some point you may wish to size the width of your charts so they fit the width of ET. stacking the chart over the comments ca be done by commenting in ET with just a chart illustration that snags an appropriate width.