Question for Grob/Hershey...
- Thread starter makosgu
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Putting oneself in a position to monitor effectively real-time is the edge par excellence, if it can be called an edge. It is apparent this is not the object of software makers or users.
The pervasive approach to things in life is predicting and betting. The market is included in that group of things and the tools used to faciliate the p&b are what you see in these software programs. People are conditioned to place a bet on an event and to await the outcome in a "win or lose", "right or wrong" mindset. The feelings that accompany the waiting are a rush too.
It is a strange world to be in where a person takes action and continues to monitor the situation without regard to a singular event that causes a person to be right or wrong, to win or lose. Focusing continuously on a task is beyond many people's ability it seems. The software tools merely reflect that reality.
Great observations.
I've been lucky all my life to be in the right place at the right time when it comes to looking carefully at opportunities that are not very apparent to mostly anyone.
Trading turns out to be one of them.
It may be hard for others to understand how fortunate I have been to be at a given place at a given time and, then, to have been able to participate in those unique ways that take something from A to B, never to return to A again.
Now, I literally look back one or two generations and see these terrific episodes and how applying a team of people to something and making it happen is such a rich experience.
The Mississippi valley and the TVA type of thing have always been part of my life experience from an idea and modelling circumstance. i got to conceptualize the Mississippi valley regional planning operatiions and site and I did the environmental model for TVA when Red Ryder was runnning the show. So naturally the first time the Mississippi went critical about 22 years after the gates were installed where the causeway from the river to lake Ponchetrain I got to be there on the leveee to se the first gate lifted to open the emergency flow from the river to the lake.
The replica of the Miss watershed at Mud island in Memphis is one of the inovations there from the U of T Knowville team I headed. It is fun to see hundreds of kids running around in the water as various valves are being opened and closed. See Mudd Island in the movie "The Firm" Cruise ran around on the airialtramway to Mud Island.
Anyway.. doing sister riviers all around the world has been fun. The idea of making a river into a series of chain links and treating the tidally affected out flows as dams with water shears is an idea where each link is an materias balance link feeding another allowed for whole sets or erroneous concepts to be dumped and true water quality management to become a reality.
The Katrina trip for N O was salt water 101 and this one is fresh water 101 with Rita.
Rita will dump 30 to 40 inches of rain into the lower Miss watershed and the N O levees will really get a run for their money. Saltwater 101 for TX is an 118 gates and a 20 pumper tidal/surge story. 36 miles of barrier on this one.
kirk and I had a great last evening.... I was suggesting insulating with a crescent, the gulf/air interface to prevent heat exchange....for any hurricane center.
I saw from Katrina that as the eye moved through three stages of cooler water apporaching the coast that its rating dropped due to lack of heat exchange.
I settled for low specific gravity "soap/surfactant as the insulator. A high lather factor (water motion with a floating mass) and a spreader (surfactant) to let the lather surf ahead of the path. It looked like a billion dollars worth per lower classification would be very cheap and clean the water and provide fish food too.
I'll settle for the fresh water coming into where the salt water was last round as a cleansing agent that will save billions and also transport a lot of sediment from the river into the estuarian areas to cover the sunken VOC's. I hope they open the causaway again; it worked last time.
Anyway, it is getting percieved with the dream team that monitoring continually is a killer substitute for predicting and betting etc.
So now we have to take this stuff to its natural effectiveness and efficiencies. This is where we get really keen on "When you know to go"
I am beginning with stalker II, now. My first annotation of a good chart display from a person who has few qualms about posting. I know several of you are tops in posting charts. I am leeting you all have very long ropes cause you will never hang yourselves.
this thread is terrific and it is going to really make a point to the world.
I have only one other thing to do nowadays. get the medicare to the elderly people. The Rx part launches in October and SAT is doing four digit population for three digit commissions per month. I need to keep it greased. Our 80% net is going way up since the base is quintupling.
When it arrives in the gulf it's already a storm?So how will the surfactant not be mixed(mechanically shaken up with) the sea water and its effectiveness diminished?
What purpose do storms serve in nature?Volcanoes let the earth blow off steam created by techtonic processes.Storms are the end result of temperature differentials,so what happens if you don't let the process work itself out?and can you predict where it will work itself out??
What purpose do storms serve in nature?Volcanoes let the earth blow off steam created by techtonic processes.Storms are the end result of temperature differentials,so what happens if you don't let the process work itself out?and can you predict where it will work itself out??
Drill 1 Notes:
1. I think this is the log you are referring to. I was unable to locate anything with an "IF 1" column.
2. I was/am a bit uncertain on how to use this log. I took a best guess after looking at some examples from you and others.
3. The log is based off of the chart you annotated, using the best price (in hindsight) available.
If I did the drill incorrectly, please note where I failed to follow instructions. I will ask for further clarification (if needed) and redo accordingly.
Thanks for doing the drill.
I printed your results and my chart and reviewed al the entries.
I numbered the bars first and then went down column 1 to see that the extreme bars were identical to your notations.
Then iI went to the Entry column and chacked bar values for 5, 10, 17 just going to increasing values one after another.
Whe I log on this chart I not an entry in column 2 and reversals in column 3.
I work in NYC time because of NYSE location.
So column one is just a list of point 1's.
Column 11 the end bars coincide with the point 1 of the next trade.
So there is an accumulation of data that says you are drawing lines at the net rate of $467 per contract. After ramping up to SCT and running a nominal 10 contracts, you are at the level of commissions of a staffer on site here in AZ for our corp SAT. Our staffers do not work more than two shots a day though.
This means that the most effective and efficient trading in a day with a H/L range of five points it a satisfactory operating level. The log shows 1/3 of a day apporximately.
Getting to be effective and effecient is the name of the game.
To do SCT you conduct a very congent reasoning process that comes from understanding that the market has a lot of potential to give you capital when you are in the groove no matter what the market is doing.
If this were CSI we would say that we need clues to make the case.
Your chart shows two things right off.
It shows what seamless and what continuous means.
I think even before that it shows that the amount of money on the table is not found in many other places given what is required of the "taker".
This faucet is simply turned on a a given point.
We are examining what it is like to come to understand that per contract about 500 dollars is flowing per hour.
Rising the that effeciency and effectiveness requires the determination to delve into how a person gets in relationship to a provider market.
I am conveying to others the essential and detailed aspects of this process for getting that relationship to appear and to become operational.
First a person has to see the potential.
Then they have to do the processing work to go from A to B.
Going through the process separates a person from almost all others. The person gets a series of aha's and some religious experiences. In some way , then, a person cannot backtrack over the line of attainment that has occurred.
If you type a chart of trades that is filled in from some lines drawn, you get to see, pragmatically, _______________.
The blank is filled by an assortment of answers. Each answer covers an aspect of the spectrum of considerations that MUST be thoroughly worked through.
There are fillins that give you incentives that cannot be duplicated in many other places. There is a lot of bullshit about how trrading lets you be your own boss in comparison to the jobs that are the work alternatives. The purity of this bullshit is unquestionable. What if, on the other hand, the speakers of this BS had a small grasp of the opportunity confronting them? LOL...
Drills are what I use to put in front of people what is really on the table.
I wish that I could just do a dissertation and that would be that.
Because going from A to B is a process, dissertations do not work.
here I am a support for "knowing how to know".
Persons need to know that there is great wealth in this stuff. The rate of accumulation of wealth just drives you from one ball park to another. So you need to prepare for ancillary applications of capital.
Yesterday, I wrote for several hours and attempted a post. I knew it would be too long so I knew I would divide it doing a cut and paste routine using the 60 seconds between parts. The machine timed out and ate the entire post. I decided to work in word and use attachments when I am making copy for future uses.
Keeping this short, then, what I am saying is get motivated and then decide to do the process.
I know almost no one will do any drill I suggest. They must seem laborious and not rewarding enough.
By doing the extreme reward drill per unit time, you get to see where you are now in terms of making money. naturally, you will latch onto an improvement of two. It doesn't matter about the order so much as just doing a few improvements every few days.
If you can get the idea that the 5 min chart is THE compromise between having a detailed view (you give up some detail) and having continuity (you gain a lot), then you begin to annotate it in earnest at some point.
You work to find the point 1's of the chart. You do discover that it is a time that you "know to go". This feature of "knowing to go" is the "lock in profits" moment that occurs 20 to 40 times a day as an action. This example is about 33 times a day in a five point range of H/L.
The (REV) column was not used on the log but it is seen that the time of exit then entry is the same and on the same bar.
A major major reason for doing traverse trendlines is that when you are able to draw one you also know that taking profits is on the table for your present hold. All you are doing by then is learning to "anticipate" drawing a line, meaning "anticipating" locking in profits.
bio chemically, this is a good modus.
So you see 1/3 of the day (34 bars) yields about 30 points/contract according to the coarse annotations of lines. I noted 6 comparisons in my lost write up which i will rewrite (dictate) soon.
We can also add some monitoring highly corrolated observations to make this effective and efficient. Many many people "know" none of this can be done. As front runners, it is a priori that it is doable.
So what we are doing is getting to "BE" which comes first.
Thanks for doing the drill. It is right on the mark. If stalker had done this by day 3 of the 40 days required to get to 10 contracts, you can see that we could have saved some time for him.
The day did unfold with about a M or W look to it. If a person is doing the treverses of the four legs (and the midday doldrums) he get to see the end points of the legs quite clearly. Then, if he only trades by doing the four legs, he gets to make effective and efficiency leg end effects efforts.
IT all adds up and it compresses the time to being an expert SCT person.
i´d do the drills if i understood them, but often i dont. the "visual stuff" is one thing, drawing channels and gaussians - the rest i don´t understand much of. I´ve looked at these different papers with blank spaces wich i´m supposed to fill in, but for me to understand it, it would have to be presented with a english that a 10 year old would understand. 
So for one thing, i´ve made up my own rules of when to entry and exist, mainly because i just don´t understand how one is supposed to do it according to sct. For example - how can you trust point three to be a good place to enter a position? As far as i see it, at point three you have no idea if price is going against you or not. Seems a very random entry to me. there can be another "point three" so to speak on the upcoming bar.
And some days, like friday am, the channels were completely useless to me. If the trend channel doesn´t hold for a while, i don´t know what to do with it. If you look at the attached chart there are some channels the way they would have looked drawing them live. How is one supposed to use them when there is no sence of direction?
I´m not critisising the concept here, it´s just that i don´t understand. So for now i´m just watching on days like friday or enter on other premisses.
Best regards,
Stalker
So for one thing, i´ve made up my own rules of when to entry and exist, mainly because i just don´t understand how one is supposed to do it according to sct. For example - how can you trust point three to be a good place to enter a position? As far as i see it, at point three you have no idea if price is going against you or not. Seems a very random entry to me. there can be another "point three" so to speak on the upcoming bar.
And some days, like friday am, the channels were completely useless to me. If the trend channel doesn´t hold for a while, i don´t know what to do with it. If you look at the attached chart there are some channels the way they would have looked drawing them live. How is one supposed to use them when there is no sence of direction?
I´m not critisising the concept here, it´s just that i don´t understand. So for now i´m just watching on days like friday or enter on other premisses.
Best regards,
Stalker
"The slithy toves did gyre and gymbal on the wave."
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