Here's Thursday (07NOV13)
I am getting my butt handed to me on a daily basis!
- Thread starter jeredlbb
- Start date
Here's Thursday (07NOV13)
thank you,it`s clear except for the lower right coner.i cannot discern what`s there.
can you please provide the vol lock ins set?
thank you
The lower right is a Nota Bene (NB)
Two cases are noted. If you have a UL on the row in the log, you consider stitches and translations.
1. Lock-in the stitch immediately when it is reached.
2. If a translation goes to a stitch lock it in immediately.
Around pages 58 through 65 of this thread (where 5 posts are a page), you will find all of the cheat sheets for this system of operation of the markets (excepting the trading carving). Below is the shortcut to an illustration on those pages.
http://www.elitetrader.com/vb/attachment.php?s=&postid=3831320
Please do yourself a favor and go there and make prints of all sheets and put them in a three ring and tab the file names for quick use.
Here is my feelings about this developing thread. I fell that by about page 200 we will have all the details of how to pull the full offer of the market.
Our trading room folks are approaching the finish line on pool extraction. Unfotunately, I have so many things wrong with me healthwise, I do not know on a daily basis if I can rise to the occasion. When that happpens they get the opportunity to soloand we have a brief debriefing in the evening.
When I am there I am making money each day. Thus, then, I do calls orally so they can see my carving on our wall screen. everything is "anticipationoriented" at this point.
For this thread please accomplish the following this weekend:
1. Get price lock-in down cold.
2. Get volume lock-in down cold.
As November procedes we will establish the routine of advanced expert. Our financial target for November is 400K min and 2mill max. I know this wrecks ET's standards. It was going to happen sooner or later.
The future agenda here is:
3. Locking-in the EE's using the three sheets.
4. Anticipating EE's so they can be locked-in up to two bars ahead. The sheets for this have been posted. (The "in force" concept and context)
5. Locking-in turns using the Modrian Table
6. Briefly reviewing all the nuances on channels which are used on the 30 minute chart. (This includes the rules for correctly doing RTL's, VE's and fanning)
7. Learning to read "synchronize indicators" and markets.
Above is the Monitoring and Analyzing complete package. From here on the contents of the "Trading Strategy Advance Expert Final Report" will be the focus.
8. Three bar analysis (n-2, n-1, n); (this is nothing new it just covers reasoning in an EE context.)
9. How three tick zones set the carving context. (annotating "The Box")
10. WALLS in DOM for calling all turns or holding through close together BookMarks (D-ND to ND-D turns).
11. Sidelining or not in lats (MADA Min or MADA MAX)
12. Wedging in the Apprendices (how the self correcting concept works, news (planned and not planned), frontrunning smart money, DOM games and cascading, MAT trading for problem solvers, vetting new trader team members, vetting new problem solvers.)
Your pic shows some P1's.
Notice some of them are in a different trends.
And there is a requirement that the three accerating P1's have to be in the same trend
One of the neat principles of market theory is that it is NOT possible to use data from different trends except during trend overlap.
Thanks for putting up the pic.
''11'' is interesting.sidelining or not.i found it always tricky to catch reversal during lats,so,usually,i wait for the lats BO.then,it`s a matter of the market mechanics.it`s not big problem to ride that pendulum after the lats` BO.
the problem with all sort of analysis is that there`ll be always a moment when the same market condition(signal) is good for either modes - reversal and breakout.so there`s no difference what type of analysis,what indicators you imply,you`ll eventually be caught with breakout when you are trying to trade reversal,and you`ll be ''whipsawed'' trying to trade breakout.there`is no single indicator that prevents you from this.and it`s clearly observable on the next day,after a decent correction or spike,when the reversal folks are trying to salvage their accumulated goods and chattels near the reversal points and that usually disturbs the market for that time being
you can spot reversals perfectly and it can last very long,but it`s when reversals become breakouts and it`s usually huge and unidirectional,what kills.
Hey Jack, hang in there!
Don't pass away, yet! I will try to catch up faster!
But... sooner or later we will all have to say "Good Bye". I'm sure you already thought about the time after your death and made some provisions. What will happen to all your charts, logs, binders, notes, systems, transference of knowledge, support for problem solvers, etc.?
If you feel like shareing your thoughts and plans, please feel free.
All the best!
Have you ever considered the possibility that:
"And Karma came in... and JH lived much longer than...you
"In the same vein people can never imagine how good/bad things can turnout 10 years down the road for you ... people never imagine the above... nor this type of examples happening to you in 15 years time; ... and someone telling you " ... you already thought about the time after your death and made some provisions. What will happen to all ...
<iframe width="640" height="390" src="//www.youtube.com/embed/jasLByiVOWg" frameborder="0" allowfullscreen></iframe>
Travelling, trading and volunteering is a real eye opener :
one gets to understand the meaning of the importance of "intention".
Thank you for your comments.
Laterals are either tradable or not.
On the first third of last Friday I posted a chart and put in clear boxes (frames that can be seen through) to show where I commit to taking profit segments and reversing. A high volatility lat showed up. As you can see I did take trades in the lat up to a certain point (boxes stop being put in).
Today I went in short on bar 1 using carryove and tooks profits "early" and was long up to bar 6 where I sidelined. Two takings of 1300 and 3700 bucks.
At bar 17 I went short and then the trade showed up on bar 19. I sat through holding on the long on 21 and the short on 24. I was well into a lat be then BUT there were still rtl's showing. Looking at the rtl;s I said to myself that I can't squeeze this rock until the lat is over. So I sidelined with another net of 1300.
the lat BO'ed on Bar 66. My view in lats is related to rtls being there or, if not Bookmarks. BUT I like the bookmarks to be sepatated enough that I avoid all whipsawingness. I sat out five turns to bar 48 exept I went in long assuming a PM BO was coming around bar 45. I went in long during a long on bar 46.
I held on the short on bar 49 and rode the long that started on 51. I washed on 53.
we knew we had a lenghty lat today and we have a record book of lats lenghts. todays was 44 bars long and elipse my lifetime longest lat. We gave the BO a golden border at bar 66 ,a turn long. I took it and got into another late (with rtls so I toughed it out until bar 75 and stopped for the day (I quit just before the day margin becomes nite margin)
We fell short of our goal for a day in a week to double. we made a little over 15% so we will add about 6 more contracts for the open after today's settlement.
For me, if adjacent bookmarks are 3 ticks or less, I don't feel using market orders is a good idea since this order has a price penalty.
Market sentiment today was long (on our 30min chart and we were in a 30 min lat from the beginning of the day. we fanned the RTL on the 30 exvery 12 bars.
Attached is a combo chart of what shows on our wall screen (53 inches) and on my seat screen (35 inches). I use twin rotated 18" screens BUT, MFST outsmarted the twin screens as we ditched them for a combo screen.
As you see I am still waiting for TN to degap so my lateral equations do not go into repeat mode (that is the pile of lat #'s lat pm.
Monday's chart.
Notice how we setup for the open at the end of the day.
The call for open is short as a non dominant opening trade in a long dominant sentiment market. (in a 30 min lateral that lasted all day)
Notice how we setup for the open at the end of the day.
The call for open is short as a non dominant opening trade in a long dominant sentiment market. (in a 30 min lateral that lasted all day)
for those who collect rare events, here is a trend that went through all volume cases and then just pooped out as an Ab LVBO.
Pink is P1, green is P2, red is T2P, and blue is T2F. The n+1 test yielded a failure to end the trend. (P3F). Peak 3 Failure.
You may wish to print it on a full portrait page; thats what I did at the time.
Pink is P1, green is P2, red is T2P, and blue is T2F. The n+1 test yielded a failure to end the trend. (P3F). Peak 3 Failure.
You may wish to print it on a full portrait page; thats what I did at the time.