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I am getting my butt handed to me on a daily basis!
- Thread starter jeredlbb
- Start date
Quote from jack hershey:
As you can see we were bouncing around at that point.
Yes, I recall a twenty plus minute hold and wait before the retrace became a reversal. It was predominantly a calm wait, except for few moments at the beginning of bar 25â¦
Given your admonishment to me over the weekend to throw away my definition of retrace (albeit it was before I stated my definition), I was hoping you would take a few minutes to address my retrace/reversal questions. I wasnât looking for THE answer, per se, but I do value your input. Regardless, your admonition prompted me to review thoroughly the retrace/reversal definition implications of my M-A-D-A. I find my definitions work best, for me.
Thank you for yesterdayâs chart.
-river
Hello again⦠Mr. Hershey- I was hoping you could elaborate on your three tick rule. Does this basically mean that when you set a BM, you allow the market to go 3 ticks 'BEYOND' that BM before actually taking the turn? Or do I have it backwards and you're using it to help facilitate the best entry at the next turn?Quote from jack hershey:
In part IV of our orientation, we focus on optimization. The RTL keeps us more relaxed as we accumulate profits BEFORE the crossover. We use a THREE TICK ORIENTATION to optimizing profits.
A BO T1, upon lock-in, could be beyond the THREE TICK optimum market order reversal value. This means we break a reversal into two parts: taking a profit segment and getting the best beginning of the new position's hold.
Thanks for your time in explaining this...
Quote from smwbbe:
Hello again⦠Mr. Hershey- I was hoping you could elaborate on your three tick rule. Does this basically mean that when you set a BM, you allow the market to go 3 ticks 'BEYOND' that BM before actually taking the turn? Or do I have it backwards and you're using it to help facilitate the best entry at the next turn?
Thanks for your time in explaining this...
I trade in the fast lane with market orders in a hold/reversal context.
Anticipation is where an event (turn) first comes into view based upon Orders Of Events (OOE's) OOE's are deduced once and for all. Then together, they create a complete system The system is cast in stone.
As you look a BBid/BAsk pairs and think in market order reversal terms, you see that the reversal (an exit followed by an entry , all market orders) involves paying a penalty for a priviledge in any market (Being in the fast lane)
This means this type of trading has a tolerance factor all based on market operation characterisitcs.
Excellence is a good standard to set; I work towards taking the full offer of the market. To do this I pay a "priviledge tax".
All in all working to a three tick tolerance, enables an early action with respect to WMCN (What Must Come Next).
It is a cosey place to operate with feelings of support, comfort and confidence. THe secret ingredient seems to be gatting people to conside how to gain "facility". A sort of I've seen this movie before and I know the words in the script.
As Tonto said to the maskman on the white horse: "We?" as a tribe of warriors approached on horses.
In another thread some guys are saying the majority controls the market; so far they have not seen markets in operation. Will they ever see a Wall on the DOM; will they ever seen just when price changes by a tick as one side of the DOM where the minority is) dissolves??
the minority allows price to continue to trend; The majority stops the trend cold. Carving is done appropriately within thre ticks of the extremes.
I know I am two replies behind:
1. dealing precisely with retrace.
2. Showing the basis for having an automatic "tape reading" of the Dom, Walls, T&S and DOM games (adds and pulls strategies).
1. dealing precisely with retrace.
2. Showing the basis for having an automatic "tape reading" of the Dom, Walls, T&S and DOM games (adds and pulls strategies).
Hi Jack,
I have another question to add your backlist regarding laterals;
Laterals are on a different fractal to your trading fractal since RETRO is done in hindsight, why not use the most recent EE (prior to the lateral formation) and compare that to the lateral ending EE on the Modrian table.
Why not just call all the turns inside the lateral P3P and wait for the breakout?
What am I missing?
Thanks
I have another question to add your backlist regarding laterals;
Laterals are on a different fractal to your trading fractal since RETRO is done in hindsight, why not use the most recent EE (prior to the lateral formation) and compare that to the lateral ending EE on the Modrian table.
Why not just call all the turns inside the lateral P3P and wait for the breakout?
What am I missing?
Thanks
Quote from xioxxio:
Hi Jack,
I have another question to add your backlist regarding laterals;
Laterals are on a different fractal to your trading fractal since RETRO is done in hindsight, why not use the most recent EE (prior to the lateral formation) and compare that to the lateral ending EE on the Modrian table.
This comes down to an OOE issue. several subfractal turns (as opposed to ompressing to just one) can be seen explicitly.
thank ffor the Q./[color]
Why not just call all the turns inside the lateral P3P and wait for the breakout?
See above.
What am I missing?
I do not think you are missing much. Harken back to goals of making money. In a relaxed way, just examine the daily take. fro last week 40% of the range was not enough to meet a daily 40% goal. BUT the sum of the 40% of each day's range did add up to more (30% more) than was required to double capital during the week.
This is not just "good enough" type thinking. It is more like "freedom " thinking. most trades do like to spend time trading. If and when a person is approachng market capacity trading (not doing 5 times capacity, as a chess type player), then there is ample ime to surf or sail or climb or hike or fly and soar or paint with toys one acquires.
Thanks
RETRACE
In trends, even move 2 is a retrace.
Even moves above 2 can become reversals.
So all even moves above 2 have to meet the clean page 4 test (TRUE result) OR they are just retraces.
Clean page 4 is a complex regional analysis technique.
All even moves above 2 are subject to fanning. A BO left to right after a fanning can allow a clean page 4 region to be True and thus a reversal.
In trends, even move 2 is a retrace.
Even moves above 2 can become reversals.
So all even moves above 2 have to meet the clean page 4 test (TRUE result) OR they are just retraces.
Clean page 4 is a complex regional analysis technique.
All even moves above 2 are subject to fanning. A BO left to right after a fanning can allow a clean page 4 region to be True and thus a reversal.
Quote from jack hershey:
I know I am two replies behind:
1. dealing precisely with retrace.
2. Showing the basis for having an automatic "tape reading" of the Dom, Walls, T&S and DOM games (adds and pulls strategies).
For item two see:
http://www.elitetrader.com/vb/showt...0057&perpage=6&highlight=hershey&pagenumber=9
In particular, note how easy it is when the measurement becomes significant. you are looking at a BBid/BAsk pair that has become lopsided. the small side is dwindling (in limit orders) faster than the T%S is moving (movement is a measure of velocity)
The T&S wins since the adds cannot match the trades.
I use 200 contracts on ES e mini as a count to be the trigger to concern myslef with hitting "T".