Quote from river:
Those of us âdoing channelsâ thank you for including comments relevant to an âold-schoolâ iteration of your methodology.
The idea that all one needs is a single timeframe chart along with price and volume has been so ingrained in me that the only time I look at anything other than a 5 min chart is if Iâve been away from the market for a few days.
Itâs been years since I recall you mentioning anything other than a 5 min chart for futures. Was this 30 min chart simply an aid yesterday for your current crew of learners, or, do you regularly use futures charts of time intervals other than 5 min for the ES?
-river
great Q.
The trading room tean is getting more and more context for their taking the full offer of the market.
I was asked "what is going on?. I said something significant happened re: Congress. We did not have Tv so we did not know a woman with a shild was being killed for some reason. But the location, at least, was deteminable.
This meant I had to turn to the daily catenary of volume. I let a team member chose a 30 min chart; the chose the ES degapped rollover symbol chart ES1 something.
this was slower by two fractals than the 5 minute chart.
Our problem was to solve the first rtl VE he had seen in the failsafe. Failsafe does not bother to draw the LTL, but calling reversals is an exacting science.
As traders get to doubling capital each week, then the details become important.
Casually drawing lines is BS and that practice is a CW oriented schema.
Step one was to point out that the catenary had been disrupted. We noticed our approach to doubling was greatly accelerated. For ES margin we double every 21 points of profit per contract. In a week week take the Monday BP and strive to double it. Nominally, we started with 12 contracts and look at a first down as making 12 more yards.
On Thursday we also had a techie in the arrange out screens with switch gear and amplifires. slowly we determined our CPU was outsmarting all possble arrangements so new equipment had to be bought today and I have to do my screens differently.
as seen on the 30 minute the ES catenary was screwed up on thursday. More opportunity was available than usual. My personal trading is in the lowest three digits for contracts. By the end of the full day I was approaching mid three digits. (kinda like brief compounding).
Step two was to explain the rules for handling a VE. I will be annotating a set of charts for this, this weekend.
As it turned out fannning came up too so we covered that.
The last training was about the FTT and FBO and NOT FBO.
The common theme among all parts was just how and when construction of price channels works in the dependent variable. Choosing pont 1 is NOT ARBITRARY. This is being done arbitrarily elsewhere. It is leading to continual sidelining and betting and hoping in that thread.
All of our trading precedes trade signals on the dependent variable because we use the independent variable.
My schedule for working here is off today. I had to go to Mayo this am. On the way I had to do my EMT, CERT stuff without my jump kit. So I have some stuff to deal with mentally. I did spend 20 minutes with the aid of four others (doing compressions) using anything peoiple had in their cars. A serious head injury requires a lot of schutspa to get through successfully and a helicopter lift worked out. I made the local news LOL ...
here in this thread we will join channels and SCT with failsafe to extract the full offer.
I can see I have to explain End Effects to a T. I shall and the seven sheets are going through an artist's touch to make usable trading room posters.
OOE's are how things work throughout the world.
there are five in markets. Blah balh blah.
the channels enclose the SCT trend segments. c turns show sentiment change within the 30 minute channel chart.
I have to get over some slight PTSD reoccurrance. i jwas in a car that saw the whole nine yards, so I am required to be a good s
Samaritan no matter what.
