Question for Grob/Hershey

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Here's the current table of contents.

I'l l load n the new sections asap/

The paging you see is the print out of the topics today as of after the close of business. (pages 34 through 83 today.

The content of these segments that will appear are noted.

B team did not make the cut for Appendix F because of no substantive content. In the links section all of those bases will be covered in spades anyway.

thanks for the pic inserts
I am going to use the directions previously provided to learn to do some of these things.

i will do a chart of the day to include a kind of debriefing to nudge the level along a little. Everything is excellent , this is only some glue so to speak.
 

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Quote from makosgu:

For some, holding can be uneasy. For me, it is a matter of continuation via bar extensions and more importantly volume. How did I arrive at volume being meaningful? So let's say that we independently gathered each separate 5 min bar along with its volume and did some simple comparisons between the bar's volume and volatility (ie. H-L). Without being statistically technical (since it too can be done in a spreadsheet :cool: ), it would be revealed that a simple relationship exists between the bar's volatility and volume. In the simplest of terms, the relationship would reveal that bars with large volume, comparitively speaking, also exhibit large volatility. NEAT! Stalker asked somewhere along the day whether the volume is unusual. Thank goodness he is tuned into volume.

CONTINUATION & VOLUME
For sticking to a hold, I am in a continual monitor of YM and ES (biased to YM) and often sticking to a hold by analyzing the whether bar after bar is extending in the direction of the traverse. To be more specific, if the traverse/retrace is short, I am looking for bar after bar to continue extending lower bar lows (higher bar highs for long traverse/retrace). As in Grobs 5 pairs of bars, the same 2 bar combinations are continuing. As long as bars continue extending the trades direction it is continuation and easy groove. For bars that are neither and/or both it is be alert time. It is a particular time when volume is particularly informative for me. Then there are the take action points.

I've attached a chart below...

Kind Regards,
MAK
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Thanks so much.

I appreciate your keeping up with the expressed needs.

It also makes it easier to slip this kind of stuff into the slot of the developing content.
 
Thanx for all the charts today, it´s been very helpfull to see how u draw the channels. Hope easy and mak continues with it. I still have some problems, although I grasp the basics.

i really love to have a metod how to interpret volume, been trying for a long time by myself but now I feel that I´m starting to learn how to use it. All comments on volume are more than welcome.

As u know I´m new to this and don´t exactly have the best equipment, but I´m gonna fix it as soon as possible. I need another monitor, doing this with only one screen is really problematic.
I have an account together with my dad, who lives approximately 20.000 km from where I live. Were gonna meet up in person in a couple of weeks and make some decisions regarding what programs to buy etc. Until then I´m stuck with sierra chart. I draw the channels, even if they look awful, but I wont post them if I dont have a specific question or if I wanna show u something that i´ve discovered.
If i´m a bit behind the rest of u for a while it don´t bother me, i´ll try to keep up.

Mak u asked if i got any questions. here are some things i dont really grasp:

1. 2pairs in the orderbook? I´ve read an explanation but it was to comprimated for me to be able to understand it, definitely a language problem.

2. Pro rata volume? Same problem here...

3. If u look at YM 26/8 u see price dropping from around 10450 to a s/r-area around 10400 during the morning (volente showed me a chart in another thread that Indu had an s/r-area around 10400). The support-area stod the test and a rally up followed in the afternoon.
Today we had the exact same scenario, price dropping from around 10450 to 10400. I assumed that price once again was gonna bounce up from there, but it didn´t happen. There was congestion for a while and then price dropped right through support.
I can´t see any significant difference looking at price and volume at the chart. Is there a difference that someone else can spot or has it got to do with how many times a s/r-area is meaningfull? Had it gotten worn out in some way? Or was it cause of something outside of the pricechart - reports, oil or something?

If it don´t take to long changing carburettor on my damn car I´ll be glued to the screen from around 9 am...

/Stalker
 
Unfortunately I have to leave for a bit. I am driving my rv down to relatives that have been affected by the hurricane. Back in a day or two. Happy trading all.
 
Quote from Grob109:

We can use the ones( Prints, charts, logs and Stretch/squeese) that I have posted as typical beginning and also the SCT level.

If you will, post yours so we can see an alternative format.

Can you grab your screen display so we can see what you are monitoring and its placement on your screen. I want to use it as an example.

For convenience just give us icons for taking us to past postings that you have contributued.
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again - i have no clue what you are talking about. but as a reminder - you still have not told us about the size of your max. stop loss.
 
Quote from gerry875:

again - i have no clue what you are talking about. but as a reminder - you still have not told us about the size of your max. stop loss.
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The stop loss is actually a hindrance but for reasons that may presumably be counter intuitive. It requires a bit of experience to be comfortable operating without stops. Your questions is biased heavily to drawdown as opposed to banking profits. Protection is an indication of not knowing what is happening at the moment. The best stop loss is to simply exit precisely when the above moment is dominant. Now, I say dominant because for some, the moment they enter, things appear highly uncertain, EQ stuff, especially since the bars volatility is exactly what it is, VOLATILE. Grob does not operate with stop losses. What may be needed is putting in some thought and consideration into why anyone would want to trade without stops? Maybe that's an IQ q but fotunately you don't have to be a rocket scientist to ponder over that. Everyone has the ability to answer these type of questions.


Kind Regards,
MAK

Easy... We all understand! Your superb effort has been greatly appreciated. Grob, do you care to run ahead today. My day is also somewhat intermittent (dayjob stuff, few conference calls with parent company).
 
Quote from makosgu:



The stop loss is actually a hindrance but for reasons that may presumably be counter intuitive. It requires a bit of experience to be comfortable operating without stops. Your questions is biased heavily to drawdown as opposed to banking profits. Protection is an indication of not knowing what is happening at the moment. The best stop loss is to simply exit precisely when the above moment is dominant. Now, I say dominant because for some, the moment they enter, things appear highly uncertain, EQ stuff, especially since the bars volatility is exactly what it is, VOLATILE. Grob does not operate with stop losses.
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what is EQ stuff?

anyway - when i first got in touch with trading - one of the most important things i learned was that a trader has to determine how much he is willing to risk on a single trade - in other words - how much is a position allowed to go in the wrong direction.

i try to ask again: i you open a trade (long or short) - and the market does not what you expected and goes against your position 1 tick - 2 ticks - 3 ticks - 4 ticks ... - when are you going to react? come on - this is as simple as a question could ever be.

or are you indeed trying to tell me that you are absolutely NEVER wrong - all your trades are winners?
 
Quote from easyrider:

Jack advocates bracket entries but the stops are mine. I have not adopted the no stop mode yet. Im still a bit of a chicken. I have an invalid mother and often have to leave my computers for a time.
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Hi Easyrider,

Of the last 100 trading days the bracket entry on bar 4 with a stop on the other side and a breakeven stop after a profitable move in your direction of say 1 point works out as follows:

100 trades total

Break even trades 44
Losing trades 39
Winning trades 17

The losses amounted to about 100$ per trade per ct. or $3900
To break even with your current bar 4 Break out you need to average about 230$ on the winners.
If you average say 7 points or 350$ you would net about 1500$
per ct. ( 5$ commissions)

FWIW
 
Quote from easyrider:

Unfortunately I have to leave for a bit. I am driving my rv down to relatives that have been affected by the hurricane. Back in a day or two. Happy trading all.
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Take care easy... I'm going to miss your charts!
 
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