Question for Grob/Hershey...

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Quote from Babak:

Grob/Jack,.....

Would you come into the ET chat one day and show us in real time (or as close as possible) your 'system'?.....B]
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Let it go, Babak. I think you already know the answer to your plea. Just kick back and enjoy the entertainment.:cool:
 
Quote from Grob109:

It's great to see the archive being built for us. Can't wait until the NTIS stuff shows up (hint, hint)
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snip (understood all)
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We are not seeing standard Greenspans (150 points on INDU) as commonly as in the past. News no longer impacts the market since the market is now more sensitized to a global milieu and much more comprehensive data/data derivative delivery. The US actions on interest rates vis avis FOMC are no longer significant.
Another factor certainly is how Rove et al (second string economists), idealistically, have driven our economy into the pits and ended forever the US as a major player. Thankfully, we will return to a opposition controlled Congress in 2006.
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NTIS???

National Technical Information Service???

For comparitive purposes, does anyone have recent str/squ logs? I'm trying to overlay DJ-PREM feed with str/squ.

MAK!
 
Quote from makosgu:

NTIS???

National Technical Information Service???

For comparitive purposes, does anyone have recent str/squ logs? I'm trying to overlay DJ-PREM feed with str/squ.

MAK!
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Yes....lol you're making it too easy.

Suggestion. Try to have quicky posts on these values and also throw in the PRV around the time the ES channel overlap starts.

You projection of the same lines for daily means that in a day or so something on the daily will be tested.

A little while back we saw the green trendline showing from trader ...........

We just passed the end of summer and this is the first post summer week.

Rollover is coming up soon as well.

Lets start to get on out toes.

For IBD'ers who like to think one level deeper than the usual, take a look at the bold text on page 59 of HTMMIS. This stuff can also be applied at the end of a Bull. This is a 3 to 10 day test.

If youhave repeated failure of this test, it is an indication of the end of a long price trend.

This is all about the envelops that are more and more remote from the trading fractal.

Let's say the quality of our federal government comes into question one area after another like a domino sort of thing. That can mean that the trading fractal is always "rubbing" against some other channels.

Rove can't beat the mess with fixes forever. Bush doing an investigation is a fox in the chick coop.

This kind of situation really allows a high money velocity in trading to occur primarily because of the staccatto swings that are possible despite the global overlay. If people are getting more prone to protecting themselves, different groups may begin this protection at different times.

FEMA, HHS, JEC reports, DOD, DOE, DOC, Treasury..... there is no good news that will come from anywhere.

Each of us now owes 145K as our piece of the national debt.....

Some days I feel like writing a check and excusing myself......

So we finally are getting to the fine controls for SCT. Time to compare some quicky notes and get the first indications of trend overlap down. Some one said X2X was a confirmation...so true...lets be sharp on getting the reversal done.

Odd harmonic times are comming up.
 
Quote from makosgu:

It is what it is. Our MO is always anticipation, not prediction. At a minimum, I'm always prepared for at least 4 legs. AM Rush, AM slow down into lunch, PM pick up into rush, PM Rush to close. This is the basis for "M"/"W"''. More than 4 legs is icing on the cake. I had seen 4 legs before 2 pm, hence the preparation for an additional leg or two. You see earlier today Grob spoke heavily about volatility. Every channel has a volatility component. What you will find is that channels with high volatility are very wide (ie as in normal/perpindicular distance between the right and left trendlines). If this normal/perpendicular distance is small, it is a tight channel and if the angle is steep it is hold thru traverse and retrace for me (ie. don't reverse for the retrace). These type of channels are typically the AM/PM Rush. The AM slowdown and PM pickup is typically a slower pace with a channel that is not as steep but with greater normal/perpendicular distance to the RTL/LTL. If this distance is large enough and volume can sustain a sizeable retrace, I am reversing for the extra ticks. For me, the biggest aspects are tuning into how the active end of each current bar is extending, either with or against the traverse/retrace. Hitches/Dips/Stalls are also in the mix but for me they are typically decisions to wait until the next bar for furthur PV analysis for a more informed decision. For all the above, VOLUME is primo for evaluating whether the channel/traverse/retrace is continuing. If the bars are failing to traverse with increasing volume, it is time to look more closely at the activity.

MAK!!!

Thru 66...
I hope they took the pt3 and scalped for 2 points assuming they were being sloppy...
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thanks for the great post. I can see that pace and volatility are extrememly important for knowing how each leg of a day and how its corresponding channel is going to pan out. I noticed that you have it down so well that you are projecting channels without the three points.

My question is what process does one go through to get the same feel that one can determine the pace and channel before having the points?

Volume plays a key role but at what points does volume determine the pace of the channel? pt 1 to pt 2, time of day(transition periods betweeen AM to PM), break of prior channel/leg.
Just a few thoughts.

So it looks to me like the steps involved from your experience above is:

1. determining pace first(includes channel drawing)

2. trade traverses if pace depending(I think this is related to odd and even harmonics).

Goal is to determine pace asap and its corresponding channel!
 
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