Quote from river:
Jack, I finally caught a glimpse the other day of the supportive feelings you write about and the trading experience for me was as dramatically different as night is from day. I am wondering if you have any drills and suggestions to enable these feelings on a regular basis.
On Friday morning I entered short (5m ES) during bar 1, reversed halfway through bar 3 and exited towards the end of bar 19 (ES looked like the FTT but 2m YM was unclear to me so I sidelined instead of reversed). Except for a few moments at the low of bar 4, I experienced 90 minutes of the support, comfort and confidence you often mention.
Iâve spent the past two days thinking about why Friday was so different than my more normal experience and, more importantly, what I can do to feel support, comfort and confidence everyday rather than the more typical periodic bouts of stress and anxiety while in a trade.
Maybe it was the sustained higher ES volume Friday morning which allowed me to see the P/V relationship clearer or that my first trade of the day went both quickly and decisively in my favor (a rare occurrence for both to happen) or perhaps Iâm finally putting pieces together that up to this point Iâve been missing in my understanding of the methodology. Whatever the reason for Fridayâs supportive feelings, Iâd like to do whatever I can to experience them every day and eliminate the feelings of anxiety.
Do you have any suggestions for drills, or anything else, to engender these supportive feelings each day for every trade?
-river
Yes.
The conversion of the PVT one pager by filtering and doing the DMI+ and - offeset in combination with scoring builds the mind so there is a spectrum of differentiation.
This lets you use your emotions as indicators for further refining the other pool xtraction you might get into.
Below is a consolidation of how to get into intraday practice of takng the full offer of the market. I am adding some math so you can settle in to have full perception just to the right of the Present on your charts.
Following markets is where anxiety, fear and anger come from.
The basic knowledge comes from deduction and keeping a reference journal of all you have deduced is important.
Markets have no noise, flaws or anomalies.
Markets are monitored and analyzed using algebra. This gives you the roles of the variables.
With this core, it is good to understand the Hypothesis Set and its Parametric Measure.
The IF.... THEN ..........
Shows that the independent variable is volume. This means the market is operating on a size basis.
By considering the principle in the PM, two cases of volume appear: Increasing and decreasing.
IF volume is increasing. ........
IF volume is decreasing .......
By settling down and figuring out the measure of the variables, you can trust the market and believe it is always correct.
Through the addition of seven more levels of shells each in a bigger diameter than the core You get to have an ooperating system for the market and you become its partner.
No one just drops into the pilot seat and flies. A person could but the consequences of mistakes are tough.
Birds hatch and they just eat for a while. I guess they flap their wings then they just pop out of the nest and get used to air.
Level 2.
Support, comfort and confidence is found by setting boundaries for the variables and just using the correct measuring.
"inside" is where the market operates. You do not use anything outside of these boundaries.
Trends begin, continue and end.
For the dependent variable, Price, for a while, is inside two containers.
In the BE DO HAVE sense, a trader is complete right from day 1.
At any time a person is looking at the market, he is in the continue part. As a bird would do, he notices when he pops out of the nest, he is in the air.
All of RTH is the continue of trends.
Mandelbrot was cool. he could see how to compose the larger out of the smaller. We just use ticks and contracts to compose the core fractal and all od its outer slower fractals.
Birds use gasses of several sorts to make up air in which they do their business.
Snowflakes ae made out of water but they begin with a particle from the gas of air. Snowflakes get individual identities as you know.
Get comfortable with the difference between markets and snowflakes. Snowflakes are infinitely variable and markets are not.
As a person, you make a choice to belief a given core of knowledge. In markets, if you choose wrongly, you are screwed.
We have to understand right from the beginning the market is simple and finite. It does not begin like a snowflake begins.
Markets open each day and they have a size and they do not grow or shrink like a snowflake and its six arms.
For monitoring and analysis, we use information groups.
We process the information groups. Each group has useful parts. For now, the independent variable has 1 part and the dependent variable has 2 parts.
The goal is to make money. Lets look at it.
To continue to make money the independent variable does this.
True = (V.1 > V). In the vector langauge of algebra, the IF says "increasing".
For a long profit segment: True = (H.1 < H) And (L.1 < L). In American this is a higher high And a higher low. Also we make money on shorts True = (L.l > L) amd (H.1 > H). This is a lower low And a lower High. The Present bar is colored black for a long and the Present bar is colored Red for a short. Most platforms color bars in strange ways so you have to erase that erroneous coloring system. In trading mathematics is used and from the math, displays are created if they are desired.
All day long, you make profit segments. you have two sets of feeleings: good and bad. If you feel badly, then you do not know that you know. the symptoms are anxiety, fear and anger.
This post is to guarantee that you have feelings of knowing that you know. These feelings ae: comfort, support anf confidence.
When birds pop out of a nest and into the air; they know they know. They believe in air. So they learn to get food, etc.
We have two Hypothesis. And this is our air.
IF volume is increasing, then the price trend is continuing.
I have typed out the increasing and the trending And I have said that the fractals are shells which act as building blocks smallest to slowest.
All variables are working "inside" their containers. We throw away the outside space as a trend moves forward.
level 1 and level 2 do not mean much to most people. But they do lay a huge foundation.
I'll do three more posts to handle pairs of levels up to level 8.
If I get Q's I will answer them first with focussed posts to wedge in the answers as I build the spectrum to full differentiation.
Reading doesn't mean anything at all. Your emotions come from below the neck.
