Greenspan Speach time?

I went long again at 51 even as part 3 started.

Each part on 5 min chart is 4 bars long. The retrace off the peak I was sidelined for. This is primarily because I have a lot of debriefing to do and this is a nice day fro making enough money well above average.
 
Quote from Grob109:

I'm sidelined now. My ES exit went in @ 52 even and I had slippage.

Monitoring smart money is important. Today you see that on the open smart moeny did not follow the cash at all. The open changed the offset twice in 30 minutes. First when the cash fell off and second when the cash recovered.

I reported the facts after the second cash move.

We all knew that Greenspan causes a four part opportunity. See the announcement thread where I outlined this a while back for the stuff coming up this week. Now at 11:30 we are in part 2 with one stall and then a BO from the stall. You Knew that Part 1 was going to be telegraphed. It was by the contraction (that means making it less) of the offset. This is a "squeese" being telegraphed. "Squeese" means "long".

So by seeing all of this, on ES you enter around 42 plus or minus. You see the volume go to VDU (very dry up) because of the risk felt by people who are average traders. You know that the low volume entry you make is part of getting ready to make money when the public does it's thing at 11:00. This means the public follows smart money by going long.

you calbrate the Parts in time using part I duration.

Don't worry if you do not get what I am saying. 4 out of 5 people think making money the way I do is bull$hit. It just happens to be a very efficient way of getting rich.
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A squeeze during stall signals a long, then I assume a divergence in stall signals short? Does it matter in which direction YM diverges from cash? I've been trying to understand your methods and have slowly been piecing it together, very interesting
 
Part 3 ended. My exit was 52.1 and we are not in the resume of the prior trend. What this means is that you can use parts 1,2, and 3, as a brief interlude, then just put what ever chanel you had prior to 11:00 translated (moved upward in this case)as a guide to the rest of th day until the PM starts. It is a channel that is lateral and about 3.2 points wide.

I am sidelined to write this. I will be slaloming the channel with trades about every 15 mins it looks like.
 
Look at the channel (lateral) as a move along R (Resistance.) A continuing retesting where insufficient volume usually causes FBO's.

The P,V relationship is what you need to examine this stuff. The stuff generally promulgated in ET about volume is not correct.

You need to be extremely well versed in how S, R and daily ranges work. There is a major myth prevalent regarding working from a fifth grader calculation that choses a center point daily or something. On the contrary, the alternative is the P, V relation.

This AM is an example of being at 50% of margin/contract for half a day's work so far.

If you look at the announcement thread, I mention that this is the day to learn about which of your emotions (busted ones) that run the show for you. Four parts to trade. Which ones did you monitor and get surprises from your emotions?
 
Quote from Grob109:

Part 3 ended. My exit was 52.1 and we are not in the resume of the prior trend. What this means is that you can use parts 1,2, and 3, as a brief interlude, then just put what ever chanel you had prior to 11:00 translated (moved upward in this case)as a guide to the rest of th day until the PM starts. It is a channel that is lateral and about 3.2 points wide.

I am sidelined to write this. I will be slaloming the channel with trades about every 15 mins it looks like.
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The PM started on a P, V relationship deal. R could only be broken by the leading indicator of price, a volume BO. I scaled in starting at 53.0. We know from the am that the segments of moves are 4 bars (5min).

The translated channel from pre greenspan had six cycles and you would be in the 7th cycle (short) leading into the PM BO that was telegraphed by smart money this am at open.

At this point you are well over 50% of margin/contract. The announcement periodicity was 4 bars. You had a spike to reverse on for ending part 1 and starting part 2 (I just exited), the 4th bar of part 2 was the reverse to begin part 3 (I entered (scaled)). Part 4 was a resume of a lateral channel with 6 slaloms (last one was a loss). The PM 4 bar trade was just a 5 point "taping".

Tomorrow is another Greenspan day. Think of it as a "blue moon" day for making money.

If you are able, consider posting your views ahead of time tomorrow. Sorry my inital post was not understandable. If you could get what I said in the announcement thread, maybe it would have been better. There is another thread as well that shows how to use smart money as a leading indicator all the time. If you get both of these understood, it is relatively easy to make a multiple of each days H/L spread. Your thread about after being a loser and the IM I sent you regarding that, is the final piece you need to gt really rich. You are very close.
 
Jack,

I knew someting was cooking this morning when I noticed the DJ offset and also the very low TRIN. I didn't manage to make any money out of it though, so I have some questions.

1. I think you said that you entered on a VDU bar BO. Did you wait for the BO of this bar or - given the smart money bias - did you just go long?

2. If there hadn't been a VDU bar, how would you have got in?

3. Having managed to get in, did you not consider exiting when the long 11:00 bar completely gave up all its gains on high volume?
 
Quote from 1contract:

Jack,

I knew someting was cooking this morning when I noticed the DJ offset and also the very low TRIN. I didn't manage to make any money out of it though, so I have some questions.

Yes there were indications all over the place. Good job

1. I think you said that you entered on a VDU bar BO. Did you wait for the BO of this bar or - given the smart money bias - did you just go long?

I am mentoring so things are not too cut and dry. For the last Greenspan I posted that we just did washes until 2:00pm or so. Since this Greenspan was an 11:00am deal, we were watching volume intently to determine the confidence of the trader and smart money components. There was huge level of chicken apparent. We did one wash as a consequence because of no trading opponents available. We just went long before the kickoff, we allowed ourselves to scale (we have been for a couple of weeks so this was a fun one to do). Part 1 ends with a spike; this is a major focal point because you learn the periodicity of all four of the Parts comng up. (It was four 5 min bars) We did the same routine for Part 3 as Part 1 after debriefing though Part 2. We studied part 2, the retrace off the spike, as to hitches followed by dips (inverted) and then the stall that leads to the beginning of part 3. By doing part 1 and part 3, we only had to mimick our prior effort.

2. If there hadn't been a VDU bar, how would you have got in?

bracketing is a straightforward clean cut way. Find the centering value and offset two orders to bracket an entry either long or short. today youwould have been defeated for doing this. Luckily what defeats you just gives you a leading indication of the BO that is coming. There was no centring just a bottoms pulling up. Then you got the bar 14 clue. A P,V telegraph. On rising volume on that bar it was a "long". thus you knew a long was coming at 11:00 two diferent ways when your bracketing effort was twarted. so you just go long at a reasonably advantagous entry ahead of time.

3. Having managed to get in, did you not consider exiting when the long 11:00 bar completely gave up all its gains on high volume?

This is a spectacular question. First and foremost it gives anyone a clear shot at surfacing busted emotions. Second, for those that missed the first chance to enter, you got a repreave. The underlying difficulty in a fast paced market is knowing what the hell is going on. This was the scene. smart money was not bobbing and weaving. Next the mess was caused by inept trading (See the DOM discussions) of people doing several things: stupid stops (some cascaded), entering and deleting orders in panic, and a tremendous double whipsawing. After that, the people who are money makers prevailed and it was a smooth ride. What I mean is, you can expect, really great A and R opportunities like a greenspan, to have to wade through a lot of extraneuous ineptness on the part of others before the market smoothes into expert trading efforts. Looking at Part 2 for us gave us some clues on the rest of the day and the strength of the cation that was behind the market. These days we have a lot of extreme high potential being utterly buried and stalled off by the fiscal nature of the four of five people surrounding the Presidency. The Presidency means the Office that has "responsibilities". In the absence of anyone being there and functioning and then having a surrogate community of political minds doing an alternative to developing policy we have this huge build up of potential (that is "what could have been" if a natural course was followed). Greenspan is soloing as a member of the executive branch. There is no "honest broker" in the executive branch and the past "run the numbers club" is disbanded. Sooooo, the economy is screwed. The global economy is screwed. What you saw today is a piece of what happens if "we get out of this mess".

This looks like a lot of words. I am illustrating how the opportunity is best handled by giving you a knowledgable context in the face of how people currently trade. There is no way that most of the methods touted in ET can handle really nailing this market. Look at the comments of the regulars here. Then look at the threads started on Greenspan and their content. I fielded just one call today from a CEO in the financial industry. He wanted me to have his cell phone and home phone #. His Q to me was: What % of margin/contract did you pull down today? Like for most people today, there was a screw up. a lot of money is being made. Very few poeple are making it. most people are either upside down or frozen with emotional stuff that is busted. i spent many days posting here to prep those people who can think and take advantage of a situation where the potential energy is bottled up atalmost unprecedented levels.

Don't anyone shoot themselves in the foot again tomorrow. Tomorrow is not going to be like today was.
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Quote from Grob109:
Don't anyone shoot themselves in the foot again tomorrow. Tomorrow is not going to be like today was.
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Any idea of what he will talk about tomorrow?
 
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