I am getting my butt handed to me on a daily basis!

[river]

Please could you list the people that have paid it forward. It seems there is an expiration date on paying it forward. It is an expression, used to extract information from others.

River, as a challenge to yourself as you prepare to “pass it forward in a formal way”; why not start your own thread. Once Jack sees yours intentions are genuine, maybe he will share more. Actions speak louder than words.

In Jacks words “BE DO HAVE”

What, exactly, is the point of your post? Why quote me, imply that I’m using the phrase "pass it forward" to some nefarious end and then ask me for a list, propose I start a thread, and suggest I prove my intentions are genuine?

I have no intention of providing you a list, starting a thread, or proving my intentions to you.

I simply asked Jack a sincere question. I’m sure he can accurately judge my intention.

-river

 

[xioxxio]

What, exactly, is the point of your post? Why quote me, imply that I’m using the phrase "pass it forward" to some nefarious end and then ask me for a list, propose I start a thread, and suggest I prove my intentions are genuine?

I have no intention of providing you a list, starting a thread, or proving my intentions to you.

I simply asked Jack a sincere question. I’m sure he can accurately judge my intention.

-river

These are your words river

You have mentioned many times over the years of your hope that those of us who have benefited from your extensive posting on ET will pay it forward by teaching the methodology to someone who could also benefit. As I prepare to pass it forward in a formal way, I am searching for a resource to help me help the learning trader to build a wall around certain past experiences. Dealing with some of my previous beliefs, practices, and experiences was the most difficult part of the transition for me, by far, in going from an edge type probabilistic based mentality to a mentality of determining what the market is currently telling me, through price and volume, in the ever evolving moment of now.

 

[river]

These are your words river

Thanks for the reply. I fail to see how the phrase of mine you colored red leads to your post to me earlier unless you have a very myopic view of "pass it forward in a formal way".

I'm focused on refining my ability to help the learning trader in a one to one, face to face, relationship.

Good luck to you.

-river

 

[smwbbe]

For the purposes of trading manually, the Modrian Table defines all turns.
Some turns are for certain hold thru's.
Others are trend reversals upon occasion in a trend. I have a table in the same format as modrian where the cases for turns in trend type context is fully articulated.
I also have a flowchart of the "c" turn functionality with respect to the above.

Am I to understand that there is a subset of the Modrian Table or an additional table that explains when trading other turns (not just 'c' turns) is optimal? If so, would you kindly share it?

 

[xioxxio]

That would be great Jack if you could post the Modrian Table ( I am sure there have been revisions since your last post) as well as the other table explaining when trading other turns.

Thanks

 

[jack hershey]

That would be great Jack if you could post the Modrian Table ( I am sure there have been revisions since your last post) as well as the other table explaining when trading other turns.

Thanks

I will post version 15 on sunday

 

[xioxxio]

I will post version 15 on sunday

Hey Jack, please could you post the most recent version.

Thanks

 

[smwbbe]

I will post version 15 on sunday

I was delighted to see you back at ET and even starting a new thread so a new crop of traders could learn of your RDBMS from scratch and progress at their own rate. I hope you'll return there soon.

For those of us who've progressed past the ten cases and measuring volume, I think we're waiting with bated breath for version 15 of the Modrian Table - in case you were wondering…

 

[smallfil]

I am new to trading, but I am not at the same time. I got my start in hedging for a grain elevator that I owned back in the mid 1990's.

In all I have traded off and on for 20 years. I have had big runs of success and failure. I have consistently traded commodities. Lately only the ES.

Recently I came to a place in my life where I had the opportunity to trade full time. In the past, mostly, I was trading around other things in my life.

My first day to trade as a full time trader was March 27th, 2013. I am down 82% from where I started.

I work 8-15 hours a day 5-7 days a week trying to figure out what my edge may be. I obviously have not found one yet.

My confidence is unshaken. But, maybe that is a bad thing...

My fear is that with all of my work, reading and such that I am still not making forward progress.

I guess I already know that you probably can't give me any concrete answers. And, I guess, I am not really asking for any. Hell, I don't even know what to ask for.

I learn as I go from the mistakes I make; or at least I try to learn. I clearly see all the ways I started wrong. But, am I truly closer to being profitable?

I guess reading some of the posts by Jack Hershey and others I realize how far I have yet to go. I wonder if my early successes have hurt me rather than helped me.

My "system" is a technical one based on price action and volume. No indicators. Well, I use ATR to help place stops. I generally try to find term trends and or play reversals.

I am not looking for sympathy, but I sure don't need more ass kicking...the market has provided me with plenty of that.

It seems to me that you are overtrading. I am guilty of that at times. One valuable thing I learned and the most important in my opinion is you have to control your losses! You have no control over any stock on whether it will go up, down or sideways but, you have control over your trades! I am not a success by any means but, I am happy that for all of 2013, I just lost $246 on 75 option trades with a win rate of 40%. For 2014, I have some very bad trades wipe out my early profits so, I am down $609.00 or -6.77%. Have had 15 trades, 4 winners, 11 losers . Not a good start to the year but, I feel with better trade selection and timing----there can be huge improvements. Most of the trading professionals recommend limiting your losses on each trade to no more than 2% and do not take too many trades all at once. You could probably have 5 open positions at once and that is plenty. Good Luck.

 

[xioxxio]

I've been reviewing the last version of the Modrian Table that was published (23 June 2013) and it makes a lot of sense why you've recently indicated that it's at version 15. While this method is great at capturing dom to nondom movement, it does not take into account the fractal integrity of the market. I have past charts by Sypdertrader, where he has annotated 5 fractals on a single chart. Plugging a one fractal trading EE model into such a chart causes headaches and lots of mis-trades. You seem to stress using the 30 minute chart in order to avoid “a” and “b” turn errors that are not on your fractal. If that's the case, is the Modrian Table really used at all?

For those who are not following below is a simple explanation.
A sequence is made up of x2x 2y 2x (OR y2y 2x 2y). Any of those legs could be made up of a faster (sub) sequence of x2x2y2x (y2y2x2y) and down and down the rabbit hole you go. All turns from the Modrian table , you need to make sure it is on your trading fractal and not a faster (sub) fractal. I believe the design of the Modrian Table was to illustrate the larger x2x2y2x sequences - thus noting the a and b and trading the c turns. However, with multiple fractals and so many days of trending, it's use of the Modrian Table isn't working out so well for me.