Quote from Mushroom:
Thanks Stepan, although I recognised the b2b real time, I didn't think about how it effected the drawing of the channels.
My coloring is wrong because pricebars are "standard", volume is "Jack style". Probably not a good combination.
Jack, I didn't draw the channels subjectively on purpose, I drew them the way I interpret the rules, but I'm gonna check them out more carefully.
But wouldn't you agree that there is a subjective element (skills) when you choose which channels that are most important? For me it gets to messy if I draw every single channel. See attached (probably missed some). For a trained eye it's maybe not a problem but if I draw too many it's difficult for me to distinguish which one's shows the dominant trends. When I looked at a video presentation by one of your "students" who were trading on course level he only drew the main channels and traverses.
Thank you for thinking through what I suggested.
The final on the mark punch line is that the method of annotating is NOT descretionary.
By looking at 405 bars from bar one and using the 10 cases and annotating adjacent bars, you get to build interlocking fractals. And you eliminate any variation from the one thing the market is telling you at any specific time.
You will do the messy wok ovr and over and gradually your mind will begin to speak to you.
What the differentiated mind can do and does do is prevent any mistakes from being made.
There are stages of mental growth. there is NOT a stage called meanial work. Nor is there a stage called "I am a pro at inventing shortcuts.".
For various reasons when I would have trading guests, I generally queried them on my narration of the market. The specific question was: "how far ahead should I do narration so that you can see what is going on as it arrives?" Offsets varied, but they did narrow as other's skills improved.
In learning, the person does drills to "get it".
By doing drills a foundation arrives.
A routine is spread across all drills. The routine is always the same so OODA can be avoided. It gets prediction and betting OFF THE TABLE. Some people here cannot see the difference between betting and not betting. That is because the bar is set so low.
At some point a stage is reached where the mind adds the subjunctive to the mix. Also around this stage, the mind, formally does raise questions for one purpose. It is the Swiss cheese holes in the mind that the mind is addressing.
Our heritage gives us our Swiss cheeseiness. So the mind is specifically tailored to help you. Often our forums asked questions s a way to get the Swiss cheese of participants to wake up and plug holes with less and less descretion and invention.
If you want to prove to yourself that you are really ripping along. just reread something that is stored in your three ring binders for a while. It will read entirely differently to your improving mind.
Reread your journalling to see how much the emphasis begins to become more and more focussed on what you are doing as a growing person.
A later stage is called iterative refinement. You can see Tiki putting me through my iterative refinement do share with him his iterative refinement.
So as you begin to see the bars in between the bars you are using, you will get to bear down on the foundation getting itself in place. As you add in a resonable platform that is fully equipped on the 10 cases, you get to better see dominanceand non dominance.
When you read the speil on three pairs versus two triads, you get to see how the word consistency is part of a trader's foundation. Now you can take the time to recognize how a flake cannot see what I am talking about. Some day he may even figure out I have written more books than he will aver write.
Look carefully how dealing in triads on each fractal level produces a totally interlocking system of fractals.
Mush, if I may, There is room for improvement at a very fast pace. You have many many pieces. Now the job is to put the pieces together.
Go you understand why they imprisoned the guy (made him sit in an expensive chair next to Demi for 176K plus an hour during RTH.) who slipped the flash drive to the junior analyst. The jr analyst came to the elevator. The fired guy knew the recipient had the curiousity to use the flash drive contents to do a swiss cheese job pronto. All that early evening he plugged into the holes. The boss was able to stop hearing any music (meaning an event was about to happen) Go see "margin call" twice, so you can understand how PEP and its applications frontruns the turkeys in "margin call". Since the SEC couldn't understand I was not a criminal, you can see how what you are learning is really terrific. The SEC became convinced (by my broker's lawyers) I was still a criminal BUT I couldn't know as many and diverse a crowd as required to do all those "insider" trades and no other kind of trades.
The last stages of this are really neat. You get to unconscious competence.
how does this work? It turns out your mind is very accomplished when it gets differentiated. Trading is like skiing black diamonds with automated skiis. You just take the ride and you carve the turns and get back up into the air to avoid friction. You become the rocket scientist who learns how to straighten his tie in one short overnite.
You are in flight now. Do every bar since you have 300 seconds per bar anyway. Don't get bored as the ignorant do.