Hey Jacker Slackers

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Quote from hypostomus:

...thanks for that last picture. OK, everybody already knows I'm an ass and an idiot, so WTF. How do you know to take the long view and draw the channels YOUR way rather than the way some idiot did in the attachment? My last colonoscopy was less embarrassing that this.
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Why not do both, thin channels and the longer view. Your thin channels seem to make up the traverses of the longer ones. I'm gonna try it tomorrow.
 
Quote from nasdorq:

Quote from BA_Trader:

BA...I keep thinking of Mr. T from A-team. :)

I didn't realize it but you're 100% right. It is discretionary and I am trying to be robotic. Time to backtest and become robotic about being unrobotic. LOL. I'm sure losing the 1 and 3 min charts will help me thing more, slow things down.
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I didn't put much thought into my handle at the time -- and
until this post I've been thinking it's pretty dull.

I pity the foo' who mess wit' Jack! *FLEX*

on the discretionary thing -- Yeah that was a big aha for me too
it's hard to let go of mechanical trading mentality. When
everyone else is backtesting I'm doing fancy book larnin'.

JT
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...the point is that my chart is just plain stupid. What I failed to do adequately, which is on my checklist, is to periodically compress the one minute chart into the perspective it will have at the end of the day. IMO this does wonders for getting oriented to what kind of day is evolving. In retrospect it clearly was the kind of gently rolling day you see in Hurst's book, with fast cycles weaving around a slow cycle. See the attachment to see what I mean. IMO it offers a view that the 5 minute obscures.
 

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Quote from BA_Trader:

:D I supose I should change my handle to BA_Poster.

Too bad they don't have different degrees of the word trading...
like crawl - walk - run. I'm still crawling... sorta backtesting
myself but in realtime - forward testing?

I think that's a great idea about the forum. Unfortunately I'm
not sure how deeply Jack will get involved -- possibly not at
all. That's a gut feeling -- I have no idea what his master plan
is... but if it involved that sort of thing he could have done it
a long time ago.

JT
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He's stated he doesn't start threads, but offers his critique when he sees mistakes. He likes to jump in and out it.
 
Quote from hypostomus:

...didn't see the attachment with your commentary for today. Please post it. Thanks.

Your advice is duly noted and will eventually be absorbed subcutaneously. I am rubbing a printout of it all over myself as I type.

And as for being a student, I was just as poor at that when I was a kid as I am now. The obnoxious are congenitally uneducable. The elderly, of which I am guilty, are even worse. I have some decent stuff of my own, I'm just trying to fill in the week day-in-day-out with a reliable trend trading method, as my system and event-driven stuff is episodic.

As for my writing style, it goes over my head, too. I don't write this shit, it just pours out from whatever personality happens to be in control at the moment.
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ROFLMAO. Hypo-- you're a scream. Thanks for the laugh :) :D
 
Wow, it's Laz... this is a veritable roll call from my binder of posts.

Hypo... you've done a really good job beating the drum and
calling the - as you put is - "Jacker Slackers" forth on ET :D.
 
...performed in this three-ring circus today, thank you so much. There is no substitute IMO for posting in the heat of the chase with rough and ready screen shots that can't hide what your trading problems are. Very brave of you, Nasdorq.

And as for you, Laziz, my style is a perfectly respectable method of composition known in the trade as "stream of unconsciousness". Never EVER do I mean to be funny, it's just that what I think is so wildly inappropriate or offbeat that it is perceived by saner folk as intended to be humorous. You obviously have never spent much time in a psych ward where the inmates routinely tongue their meds. I suspect that a prop trading room with young guys like you all probably are isn't much different.
 
...my intention was to play the fool and get some free trading mentoring. Few competent people can resist coming to the aid of a helpless idiot. But there is a lesson here regarding the psyche of ET. Start a thread out seriously, and it will quickly deteriorate into foolishness. Start it out foolishly, and you at least have some hope of it lasting long enough to make it serious. I know whereof I speak, as I use a multitude of other sobriquets for my serious postings, and those threads invariably fall mute like bumblebees in a cold snap.
 
I don't post any more but I still come back to distract reading from times to times with Grob and Hypostomus :p

Now I can go to bed - earlier since I spare my time from posting on elite :D

Quote from hypostomus:

...thanks very much for your detailed reply. As with most of your posts, it will take me quite a while to understand them, much less put them into action, so I will not comment in detail.

I do so relate to the state of pristine ignorance, which persists in spite of months of attempting to understand your method. But I do not despair. My notebook groweth daily, and every night I wear myself out trying to bring my thought processes closer to yours. I notice that you did not disagree with my channel constructions, or you would have said something nastily constructive, so I must be making progress.

Please note that only I glorify your methods, while your witless sycophants merely regurgitate what father bird has placed in their gaping gullets. Every Christ needs his Judas, else how could he be immortalized? And BTW, make fun of me if you will, but NOWHERE in your magnum opus is there a detailed explication of what I asked and what you answered. So I have done my job. I know, because I am an expert on your postings.

Indeed I am average, and I revel in it. If I were not average, how would we know that you are great? With respect to thy name, it is not thine really, any more than mine is Hypostomus Plecostomus, so I shall continue to use it.

And if you would be so kind, I believe I know most of your acronyms, but AGM I do not. Pray what is it? As for looks, I am ugly as a horse's ass, but no doubt prettier than you.

Again thanks very much for your reply. There are many elements to your estimable method which I do not yet fathom, and which I hope to understand through cheery dialogues like this. But remember, if I as your faithful student am a failure, what does that say about your ability to teach?

In all seriousness, you may consider me to be a fool, but your postings have had a profound impact upon my perception of market action and upon my trading.

Best regards, and please keep posting. But I hope nobody gets it but me, as otherwise your methods would surely be overtraded into inutility. A sea of fools must remain ignorant to tithe on their weath to you and yours, or your lofty social goals cannot be achieved by the few.
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