Question for Grob/Hershey...

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Quote from easyrider:

Can anybody expand a bit on the following phrase: "retracement on that bar only" and the rule to which he refers in the following excerpt from the sexy idea thread:


[The three conditional groups what I call "monitoring search" each apply to different price, volume settings. The points you raise deal with the setting that has the shortest time span. The choice is to deal with it on the "trading" fractal or go to the next faster fractal just momentarily and then scurry back to the trading fractal. For some reason ,you see most traders here go to the fastest fractal and just sit on it and lose the opportunity for continuing to make money under the more routine trading fractal monitoring.

If you handle it on the trading fractal, you just apply one simple rule and the rule applies simply to retracement on that bar only. If you go to the next faster fractal, you simply take your routine trading rules there, make a a decision , and scurry back to the trading fractal. Failing to scurry back and slow back down, is certain death because of the excessive rapid fire signals that alarm and disorient any trader. What is lost on the faster fractal is the continuing synthesis that the trading fractal does for you to give you what the originator of the thread is looking for. It is the ebb and flow of the "active" trader groups that you must be in front of, not the individual trades that occur.]
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thank you

Thank you

Thank you

THANK YOU.

So right on.

We are going through a process of taking all the money out of the market that is proferred, all within our personal capabilities.

We operate on a synthesis fractal and use a faster fractal ,MOMENTARILY, as a vernier.

We are front running the market as we do this.

WHY DO ANYTHING TO LOSE THIS OPPORTUNITY?
 
Quote from Banjo:

Jack, re: medicare perscription template. Pherhaps consider submitting that doc to AARP magazine as it has a large distribution to people most affected. Communication within their respective peer groups would provide even further distribution. These simplified questionairs can have great value to those most in need. Maybe the govt, would even start using it :D We won't hold our breath for that.
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As unbelievable as it may seem; I went to a local meeting this AM at the social security office. They are helping poor people get additional financial help in a way that compliments the CMS Medicare D program.

I went because I had Q's on the forms of SSA which have several mistakes.

After two hours of work and my ducking out to get the doodle sheet and 12 examples of its use, the local head of SSA is going to connect me to the operations director of SSA on Monday in Baltimore and also to the PR (pblic relations ) dept of SSA.

We concluded that both SSA and CMS should start over and simply write software so the doodle sheet appears after the person simply enters their monthly current drug costs.

They have offered to pay me and to get the doodle sheet protected. He feels it will go very far towards stopping the scamming that is going on vis a vis SS, Medicare and the elderly since it gives a month by month picture of the whole nine yards.

Since I am a walker (I do it for exercise) the local guy who had given me a box of stuff (training materials, regs, and legislation,.....lol) so I could delve into associated senior problems, this person gave me a ride home after he closed down the Saturday ops at SSA.

I am connect to AARP via two stove pipes that I go up across and down regularly. Same for Harvard's POM.

I will get the doodle to all who asked in whatever route you took.

We agreed this am that if we can get it in place it will galvanize the situation. As far as I am concerned its a give away. SSA thinks it is very important and it can change how a whole series of SSA, IRS, and CMS problems are addressed.

This is all deja vu for me and it merely came about as a consequence of currentlydoing two books in parallel on the topic that I feel is the numero uno domestic priority(Health care delivery to 100% of the population) I conventionally give away copyrights and royalties to 501 C 3's so I do not care how the solution gets institutionalized.

It is going to happen and soon. Sat has been given annother boost in override levels for those who are following the financial paradigm. several companies have also moved us up above GA level to MGA level.
 
I agree easy. I've read Sexy a dozen times and still find something in it. Anything with Jack and Scientist will sit you down for a while too. I found this post below from Jack that answers part of my question.

Thanks txuk. I've found Jack's illustration of observing the minority on T&S in other places but missed what you posted. I spent this afternoon going over it again from the thread you posted. The minority control (A/D) shifts occur all throughout the channel lifetime so aside from dryup or spike, I don't see how T&S will help you pick the right "away" pt to reverse into. After re-reading what Jack said below, I'm beginning to think this may be enough to get me on my way.

snipped here and there..my comments in red

Most APA's are not done in trends but are usually done at times when market direction is an issue. You are in the market and the direction is the issue that subsquently arises.

You have a choice of dealing with market condition; you do that promptly and find out what happened. In the mean time, you are proceding along and you are in the best position that is possible at the time.

Instead of being in a drawdown, previously you have adjusted to go "with the market". As it draws down ,you make money. It can go as it chooses and you do have stops in to protect from spikes on unexpected news, etc. when the drawdown ends, you see this and you take an action to follow the market's new course. This locks in profits and you go along witth the market. The post you made focuses on the APA that is available as you continually follow the trend. Additional Protective Action (APA) is the last thing a person usually adds to trading once they are in the groove vis a vis continuous trading.

Without APA, there is a nagging (best term) condition where in lateral trends trading the opposite of being whipsawed comes up. APA is a partial solution and it is mechanical. The complete solution is, of course, judging whether or not a leteral trend can be played effectively (whether it can be slalomed effectively I presume). You use APA instead of figuring it out. this flips the nagging condition form a loss circumstance to a profit circumstance. As profits go down (instead of losses continuing at the bar height plus), you sideline until the market centers for bracketing in on a BO of volume, then price. The S17 to S18 period is one of those sidelines.

There are tons of ways to trade. People go through a lot of considerations to get where they want to be. The APA is a good way to "polish" almost any method. when you look at the list of trades you see all that "wasted" time with washes, 1 tick profits and tick losses. they coulf drag on forever. The chart is the worst I have seen and last Friday came close too.

What does all this count for, anyway? You see so many posts here on the fact that all this is bullshit. That is how people sort themselves out.

What all this counts for is one simpe thing. You get to take all the profitable trades the day offers all day long, every day. Simply stated you are in the market on the right side all the time and when each and every profit opportunity comes up you get to take the profits.
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Quote from easyrider:

I dont know how I missed that thread when it was running but I did. I wonder why it just stopped?It is a mindblower for me. Something clicked for me today. Jack is always commenting about how many times you go through the same price and I suddenly saw the revelance and my guts are in a knot.
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Been playing around with this revelation this morning. Three wash/reverses at 1250.25. Last one looking good. You know 1 ES point will pay for 10 washes.:)
 
I´m following ym and between 9:45 and 10.00 the cumulative bid size was almost twice the ask size most of the time during congestion. Shouldn´t this imply that it´s more likely for a break-out to the down-side according to the theory that the markets heading for the highest volume?
Am I looking at this at the wrong moment or in the wrong way?
Can anyone enlighten me?

/Stalker
 
Thanks for the PM txuk. You're right. I didn't see what you were pointing me to. Nwbprop's post didn't make a lot of sense to me at first. I didn't notice those were Jack's comments (duh). I also reread the placard story and saw I had that backwards too (geez). I've got a lot of screen work ahead of me.

Mak, did you have any updates on the posts below?

http://www.elitetrader.com/vb/showthread.php?s=&postid=886516#post886516

http://www.elitetrader.com/vb/showthread.php?s=&postid=886815#post886815
 
Quote from easyrider:

Been playing around with this revelation this morning. Three wash/reverses at 1250.25. Last one looking good. You know 1 ES point will pay for 10 washes.:)
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LOL. My old strategy of waiting for point three would have put me in at exactly the same price.
 

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Beginners luck. Just went to sideline after being in continously from 9:42. First attempt at sct trading 1 contract only. 7 actions for 3.75 net.
 
Quote from easyrider:
Beginners luck. Just went to sideline after being in continously from 9:42. First attempt at sct trading 1 contract only. 7 actions for 3.75 net.
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Excellent! Care to share with us about how it felt (anxiety-wise) to make the turns and be in for so long?
 
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