We will bring you up to speed.
As you progress in spending time, things will become evident.
We have a main thrust right now to get P and V down. The FTT is the major signal that results.
As you build on the effort,you come to many places where you say that you NEED more t get better.
This is not intended to frustrate you in any way it is just that as time passes you gate yourself into a better place.
In the past others have come along these paths and what they had to work with was sort of primitive. Doing the manual stuff is good because it builds the mind. And at some point you feel that you need more and better tools.
The tools are all over the place and they become understandable after you have digested the basic stuff.
In anothr thread there is a comment with much wisdom saying over analysis is defeating. Well of course it is.
Here we work on improvig effectivenss and efficiency. It relates to optimizing and not over analysis.
A person can not just come into this picutre and sweep up along side a person who is in the groove and be like that person.
It takes some practice(drills and days on monitoring.)
The picture of price and volume is one that is unique in the word. It is value and human psychology welded together in a telegraphing signal to you.
As you become accustomed to going with the flow, the data is speaking to you and it is like being part of the process. Our common objective is to trade to extract from each movement what is there and then to go into the next movement.
For me I just exclaimed when I read the chart from Adanda (bi9foot)that it was the fastest read of a day that I had ever seen. what I was seeng was acolor for every 30 seconds of 6 1/2 hours of trading. Like reading lines of a novel where the colors are words to me about price movement even though it is stated in volume colors.
we are able to process 10,000 units a second consciously and at the same time 20,000,000 units unconsiously. If I read 20 of these daily charts either one after another or over 20 days 30 seconds at a time, I do not care which.
What I care about is the way the color goes into my mind as an abstract representation of volume leading price.
On the Yukon I listen to the sound of silt to gt the curl divergence and gradient o my path down the river in glacial melt. On a B class yatch I look at telltales I threaded into sails and the quarter wave coming out under the hull on the lee side of the craft as I adjust the settings and direction.
We are helping you get to "see" the market and learn how it works. As you do and it becomes and automatic seamless contiuous thing, you steer a course that is optimal.
Going from Whitehorse to Dawson is not a trip to screw up by misreading the situation. there no phone or anything. Winning yatch races is the thing to do with the investment and sports opportunity. Both time well spent.
as we go with the flow being in the market with 5, 10 then 20 then 50 contracts, we want to be onthe right side of the market. volume leading price and the conformance to the P.V relationhip lets us read the very near term future of price movement. Therefore, we can make money by level after level of improvement. as we reach each level of extraction and feel the comfort of contiuning success, it keeps occurring to us to do better to optimize. Our focus turns to the unfolding scene to "see" what is tere to see.
It becomes a case of steering our attention and then focussing it. That is going to come into the picture in good time. Putting your attention on the volume and price is where we begin to be skilled.
It does not ever get boring to us because of one thing. we continually lean into the opportunity and see that there is more to understand, more skill to apply and more experience to be gained.
It is easy to get to the place where you have surplus capital and that is not the goal. capital is just another tool in the infinite scheme of things.
You are working to build your character and stature by knowing how to trade well. The topic is taking out of the market what is offered. you are in the market, it is there operating and you are taking out what is offered. As you do, you have the consequences. They are priceless as the saying goes.
By getting to an automatic level and being there all of the time, you are capable of making money to fulfill anything that comes up.
Start to learn about P and V and how to annotate and see FTT's.
You will see how mikey bars work and the ananda colors works as you monitor the markets.
). Whatever you want to call them, for now, they simply mean hold.