Question for Grob/Hershey...

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My questions are all perfectly legitimate. Suppose that you went to a physician to cure a desperately life-threatening medical ailment, and he said to you "I will heal you with this technique I developed in 1956 when I had just graduated medical school..."
 
Quote from hypostomus:

I am slipping from Socratical into Polemical. Y'all DO remember the great Greek philosopher Polemies, doncha?
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Polemies??? I'm an Archimedes man myself. "Eureka!" At the moment though, my absolute fav for study is Jean Baptiste. Multi-disciplinary... global --> local doncha know.
 
Quote from makosgu:

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I replied to hypo because I thought my answers might add value to the thread. If not, no sweat.

3 items before I retreat to lurkdom and random chart posting:

1. hypo: the chart Jack annotated a couple of days ago leads me to believe that FTT is grossly misunderstood (at least by myself).

2. Q for Mak: How do you stay relaxed with your drawing tl's of the traverses? I've noticed that many of them are quite casually drawn, which may or may not be simply a limitation of your charting software.

3. Q for Jack: is FTT equivalent to the expression "the failure of the traverse"?

regards,
laz
 
Quote from hypostomus:

My questions are all perfectly legitimate. Suppose that you went to a physician to cure a desperately life-threatening medical ailment, and he said to you "I will heal you with this technique I developed in 1956 when I had just graduated medical school..."
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I used to think your questions were legiitimate but have my doubts any more. You seem to be stuck in a rut and unable to extricate yourself MIkey.
 
Are the charts that users post with the channel annotations drawn in realtime, or are channels adjusted after significant price action?

Thanks
 
Quote from hypostomus:

I am not trying to induce doubt, merely asking, or preparing to ask, in the spirit of the Pareto principle, what is most important in Jack sweeping. For example, being a modern mercenary material girl, I look at oil price first. That goes oh so far in explaining the otherwise inexplicable and apparently random (50%) failure of FTTs, which I call FFTTs, for obvious reasons.

I also look at whether price is getting it off (so to speak) consistently at the bid or the ask. "There are more things in heaven and earth, dear Polonius, than are dreamt of in your philosophy." I am absolutely fascinated that you have pared down the method to so few parameters. That is like wearing your yarmulke, but eating pork and passing on the bris.

Consider DOM, for example. How MANY levels does one watch? Each one constitutes a sweep datum which competes for bandwidth. How synched is synch? Is it a little bit? Medium? Too much? How guasian [sic] is guasian? Like, how many sigmas? These are all things which cause me doubt as I am watching oil scream up and NQ scream down. What to believe?

Compare that to "Is price following oil, or not?" Or "Did we just make a higher high on lower volume?" (does anybody here remember the Phoenix?).

Ooops, I am slipping from Socratical into Polemical. Y'all DO remember the great Greek philosopher Polemies, doncha?
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So many people fall into the same trap. The "theres no way anyone can do all that" syndrome. You dont do it all at once. Have you just tried drawing the channels for a few days? Its an eyeopening experience. Forget volume, forget dom, forget everythng else. You draw the channels. You start to see how many times price bounces off the right line. You start trading those bouinces. Your on your way. Now you start looking for further refinements because you see this stuff working. Add a little here, add a little there. No. Everybody wants the whole package right now and they end up getting nothing.
 
hi grob, i've been discussing this with mak but i think i need your input on this too.

regarding the 30 min trading, 3rd level/iterative refinement.

from what i've read, i've put together 2 possible composites of the 30/15 minute directions.

question1:

is either of these correct?
(yellow = regular 30 min, orange=inbetween)

if not, what am i doing wrong?

question2: if one is correct, how should i draw the trendlines to get me out at a more favorable price than in iteration 2?

thanks

i should have added, the 2nd example is 30 min regular, and 30 min in-between bars
 

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Quote from laziz314159:


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2. Q for Mak: How do you stay relaxed with your drawing tl's of the traverses? I've noticed that many of them are quite casually drawn, which may or may not be simply a limitation of your charting software.
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Fair Q... For me, staying relaxed is the rule #1. If I am relaxed it is because I'm confident about knowing what is in fact happening now. Like yourself, I have a tendency to be rigid and thus being loose was a considerable effort (many 4 steppers). What you see as casual, I do in fact find to be rigid. The big big relaxer for me was noticing that channels themselves have consistent volatility (ie. width). SO we know, channels all form the same way, pt1,2,3 extend, and that channels envolope channels... I find the concurrency of YM & ES to be crucial. As a result, my mental pictures for the traverse channels and channels of traverse channels are rigid. What I mean is that when a channel looks to big, I know my scaling is off and prone to being hyper. Whereas pt1,2,3 are rigid for you, they are looser for me since I channel the traverse and best fit the channel in accordance to the many many weeks of drawing channels and calibrating to their volatility. As a result, my channels look relaxed. It is not coincidental, but more so a result of scaling the hyperness down. The variance of bar volatilities is fairly consistent. This is also true to a lesser extent for traverse lengths. Both are constituents of channels and as a result, the variance of channels is limited...

MAK!

And we're off...
 
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