Quote from ehorn:
Nice 30 minute drive (on a 10 lane highway) ...
Nailed the open, Reversed into the lower peak and down to the trough for exit (5M analysis).
I feel it is a pleasant experience trading the open based on the context. your 5 minute analysis is super and the upcoming three moves on the 10 am news could have almost been intrabar as happens a lot.
There is no predicting but just the P, V pattern you posted recently. By knowing the answers to three Q's at all times; trading becomes like driving a car.
1. At what place are we in the cycle?
2. WMCN?
3. How fast are the changes occuring in the pattern?
Our minds can do this as time passes. Obviously, we have tooling to support our sensing. The tooling comes from the dreaded deductive paradigm, however. If a person wants to double his sensory input, he simply does that. I have five plus's regarding these things.
In the trading group, I do not ask questions (this is a distraction). I am informative on a dual sensory level (two plus's). I am calling on ONLY the observable level. I only state what is coming up on two bases: WMCN and WWT. (two pluses).
We use 7 leading indicators oif ES price.
To use a dual sensory approach is synergistic as far as the operating efficiency of the mind is concerned. Minds "know that they know". That is what driving a car is all about. In gliding or sailing you get to feel the sport too. gliding is 3D and sailing is 3D too.
My screens show me annotating; it is a visual to others. It keeps the focus on what we do most: HOLDING. Hearing is also going on for all of us. I hear myself in THE context of WMCN and WWT. My mind is listening and seeing inferencially (90%). Literally, my attention to have "perception" is 90% inference from my mind. The french chateaux evenings are what it is like all the time in our group: riveting attention. The pinwheel of green on the trading platform is just background.
Your charts show the same routine. My daily print is like an ignore list on ET that has not had deletions for a couple of years, only additions.
As asiaprop so elegantly and briefly stated, it is so easy and the offer is always there. With screens rotated 90% so they are tall and narrow, the market and the tooled up indicators just flow from the present into the past. They are like geese in formation. They are flying in formation and always going somewhere. The lead goose changes direction and all the others follow. ES price is one of the trailing geese.
The Depression is important. For geese it would be like the sounds they hear of storms in mountains or coastal heavy weather (they hear on many octaves lower than we do and use this for orienteering). The failure of the long was just stormy weather. Adjusting the nonstationary window was just contextual to trading.
It is all binary. Binary vectors. Geese get it; its duck soup for them. What is it like to not know what is going on in the markets? I just do not know. I do know at 76, firing up new equipment and having to change brokers is a pain. I do make the call for someone to replace my pages on each screen if I mess them up by my mousemanship failures.
Starting a day with all the day's entries on four log pages is a nice am opening treat. So I go in when the market opens on the right side and stay there until later in the day when margin changes (bar 77 or 76). I may be out for a few here and there. I usually, nowadays, do not trade news. I did scoop a little today as it came across the market.
Feed the geese; they are nice guys. In gliding eagles will bash the canopy without a moments notice. they are great too and as they climb up and out ahead of you, you know who knows how to fly best. They do have dusty wings though. Zipping by a mountain goat is very funny. They are spooked by the whir of the ship.
Anyway it is good to see the T666 humor creeping in just like fog when sailing. Same old fog too.
