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Question for Grob/Hershey...
- Thread starter makosgu
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Thx BA and/or Grob...
Stalker, the following also relates to where to look when running up against RTL/LTL.
K... So the usual way to monitor this is to evaluate str/squ range during synch??? I noticed that you have str/squ on attachment you posted somewhere based on 5M bars. However, Grob lays out that str/squ is done by laying the 1 MA of 2M YM over the 2M INDU assuming that one could match the vertical axis range and zero out the neutral offset. Otherwise, the explicit would be to just evaluate the difference between 2M INDU price and 2M YM price and regard the range that the difference shifts across (from str to squ). How are you able to evaluate cutoffs between str/neut/squ? Also, does the 2M DJ-PREM give the same values? Also any 2M period can be HYPER (ie. range from str straight squ or vice versa), how does one avoid the HYPER activity? The only one I could think of for the time being is just to simply only shift to str/neut/squ analysis when running up against TL. I have processed all of the Str/Squ market logs and noticed that any beginner could also just Str/Squ (HOLD/REVERSE) the entire day...
Kind Regards & Thanks,
MAK!
Stalker, the following also relates to where to look when running up against RTL/LTL.
K... So the usual way to monitor this is to evaluate str/squ range during synch??? I noticed that you have str/squ on attachment you posted somewhere based on 5M bars. However, Grob lays out that str/squ is done by laying the 1 MA of 2M YM over the 2M INDU assuming that one could match the vertical axis range and zero out the neutral offset. Otherwise, the explicit would be to just evaluate the difference between 2M INDU price and 2M YM price and regard the range that the difference shifts across (from str to squ). How are you able to evaluate cutoffs between str/neut/squ? Also, does the 2M DJ-PREM give the same values? Also any 2M period can be HYPER (ie. range from str straight squ or vice versa), how does one avoid the HYPER activity? The only one I could think of for the time being is just to simply only shift to str/neut/squ analysis when running up against TL. I have processed all of the Str/Squ market logs and noticed that any beginner could also just Str/Squ (HOLD/REVERSE) the entire day...
Kind Regards & Thanks,
MAK!
Quote from gerry875:
and what about $$$-evidence for a consistent 3x h-l net result?? (maybe even on one single day)
Post some of the prints I did with your analysis of how they failed.
See if you can make a little progress on letting us know where you are coming from.
Here you can see a person who thought I posted 15 minutes ahead and he also thought I was 5 mins behind. This is a 20 minute descrepancy. We were consistantly focused on PRV for five min bars.
All sessions were related to the subject the group chose. He, so far, has not recognized the type of trading being done. That is fine; not many people can understand each other it turns out. I failed to understand that he was viewing the market thinking I was way behind (a bar behind on the PRV) in my comments that he thought were 15 minutes ahead of the market.
I'm running on pairs of screens and I am sure he was too. He probably had his log going and was doing preflight checks, etc.
So it turns out he has a much better method and approach than I recommend. That is how it goes. I'll check out some of his contributions and learn something from him.
Quote from reiehaxm:
Go ahead Jack and slam me. The truth hurts. [/B]
Reiehaxm
I know your a level headed guy so I respect your opinion but I dont know enough about that situation to comment.. I dont know what went on on Paltalk and I dont know Jacks p/l these days and dont really care. The simple fact is drawing channels, watching volume, etc. is a fabulous approach to monitoring the market. The more you can learn about it by any means possible the better off you are, imho. It is a simple matter for a person to test these things out and find out for themselves if they are of any use. To let the pro/con Jack debate dissuade someone for experimenting with these tools is to do themselves a disservice.
Quote from Ireland:
thru bar 32 ...
Stalker/Easy - Ensign is good - they add a lot of new features almost all the time.
Irl
Been using Ensign for quite awhile. Not aware of any prv tools though. I just have lines drawn across the volume chart. Watching the bar rise is watching prv is it not? I have a timer so I know where I am at in the bar at all times.
Quote from Stalker:
mak
- the only way i´ve tried to follow stretch/squeeze is by comparing prices between indu and ym directly on TWS. would u consider this to be too "jumpy"? or could it be effective when aproaching a channel line?
thanks,
Stalker
It's good enough
Only use it when you need to.
Read the sweeps write up below so you can see where to use it.
Cut out the pieces where chart part is and paste then below each other.
Put all levels coarse, medium and fine pasted together on a cardboard. About 25 inches tall.
By drawing about 50 lines down from the top, you get to see the sequences of the market.
Every time you complete 50 (put start time on each) print and paste a new board.
several results happen.
1. you get your computer set up.
2. you get the software you need to trade.
3. you learn how to use software to set up displays.
4. You learn how to arrange your two screens
5. You learn how to move your chair and bod and head to sweep
6. you learn what is necessary to know to continue to hold.
7. You learn that you do not let any one thing particularly influence you
8. you learn to not look where it is not important.
9. your learn that daily that about 300 sweeps do just okay
!0. you learn that coarse is usually enough in a sweep
11. You learn that WWT (what wasn't that) is VERY important.
12. you learn that every day when you wake up and look at your bedside journal that you have something to write in it that you figured out while sleeping.
13. you learn that making money in ES is a continual process.
14. you learn that sidelining if an easy thing to do whenever you want.
15. you learn that there are very few professions that make any money compared to trading 10 contracts or 50 contracts.
16. you learn that helping others is a good idea and no matter how many people you help it doesn't affect the markets except for equities at the 100,000 share limit.
A board 8 1/2 inches wide and 25 inches long with lines on it is where SCT begins. You can line them up side by side after a while and see how orderly your lines are. I use green, red and blue lines. to differentiate parts of the day. Green is where the am gives you a lot of points. Red is where the noise may be keeping you sidelined and blue is the relaxed afternoon two trends that start with a BO after centering.
how many people do you think can even make the effort to copy the attachment? Not many. SCT turns out to be a different kind of edge.
i have computer router repair guy here. sorry
some one post sweeps stuff
http://www.elitetrader.com/vb/showthread.php?s=&postid=564954&highlight=sweep+monitor#post564954
Link to the sweep documents.
Link to the sweep documents.
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