Technical Strategy
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thanks for putting up all the stuff.
could you write or type out a small gloosary of the symbols you are using.
I have a lot of comments to make andI would like to do it with words that relate to your symbols.
tia.
could you write or type out a small gloosary of the symbols you are using.
I have a lot of comments to make andI would like to do it with words that relate to your symbols.
tia.
Symbols evolved over the days. Using less letters and more symbols/colour as time went on. Also began to outline certain sections with highlighter, but unfortunately this doesn't show up.
I apologize for not posting here throughout the week; I was reticent to impose on your time or good-will. I realize how much preparation must have gone into last weekend, and had only assumed that that level of time commitment was not sustainable. I wrongly assumed that you had only apportioned time during the weekends for this thread.
I was also trying to be mindful of those who were even newer to these methods than I, and was anxious to avoid posing questions that would benefit me, but not be of equivalent benefit to everyone. As outlined in an early PM, I am keen to learn as much as possible, but had hoped to do so in a fashion which would be constructive to every learner.
I clearly made some wrong assumptions and judgements, I thank you for correcting them, and once again, thank you for the enormous time commitment this thread must pose. I hope I have demonstrated some level of application and commitment on my part.
OB = outside bar
VE = volatility expansion
SMA = 20 day simple moving average
Dom = dominance
LF = lateral formation
LM = lateral movement
(also drawn in as squares in remarks column)
SP = symmetrical pennant
FBP = flat bottom pennant
FTP = flat top pennant
(also drawn in as triangles in remarks column)
BO = Breakout
(also marked as arrow pointing out of lateral or triangle)
FBO = Failed breakout
(also marked as arrow heading out and back into lateral or triangle)
P1, 2, 3 = Point 1, 2, 3
FTT = Failure to traverse
JOK (and/or window image) = Jokari window
V = Volume
PV = peak volume
M = referring to a certain leg of an 'M' day
Volume:
VDU = Very Dry Up
DU = Dry up
S = Slow
M = Medium
F = Fast
X = Extraordinary
Mode
C= Continue
X = Change
Decision
E = Enter/Exit
H = Hold
R = Reverse
W = Wait
Here we see some posts for charts, logs and debriefing that covers a week that is old dead and buried.
It is not p0ssible to work on a daily basis in this thread and continue to improve each day. That is the way it goes..
I did refer to the Iterative Refinement thread as an "answer sheet" and a reference place to go. I thought that we could work here intensively to take shot at jelling how a person goes form skill level to skill level and how tools that are available could be used.
I wanted to extract some commentary from the five books I am writing to enable a boot camp to have the salient points of each part of the foundation and the building blocks of each level of skill.
Here are some general comments.
If you do not have a computer set up to see the markets and do the work, you are NOT going to have any success.
If you keep your vocabulary at a zero level you are NOT going to be able to build a historical resourse that will be of tremendous value to YOU for moving on up the line.
I spent a couple of hours working on a few things on Friday with a person. The point value that occurred during that time was about 178 points on a beginner level doing 1/7th the trades an expert would have done. This time involved watching the INDU go through 8000 on the way down and one the way up. THE MARKET REPRESENTS AN OPPORTUNITY TO FREE YOURSELF FROM ANY ADVERSE AFFECTS OF NOT HAVING ALL THE MONEY YOU WANT.
The basic and clear point of boot camp is to get things prioritized and straight once and for all.
We pool extract using the PV relationship. Running a log or chart with nothing on it related to the PV relationship is a WASTE OF TIME.
We work to be in the market all the time and to be on the right side of the market and to take segments of profits by reversing when the market dictates to change sides of the market.
The log is a display of doing the routine MADA. The log as read or filled in left to right is like reading the PV relationship.
The charts are annotated in parallel with logging and everything is done and read using a left to right orientation. A HORIZONTAL oroeintation. All comments in the log must be in a horizontal orientation.
Volume is in the IF portion of the PV relationship. The terms in the IF portion are vector oriented terms. YOU MUST FILL IN THE FIRST COLUMN OF THE LOG WITH A VECTOR COMMENT ON VOLUME. VECTOR COMKMENTS COME FROM A COMPARISON THAT IS RELATIVE TO WHAT IS GOING ON. IT HAS NOTHING TO DO WITH FREAKOUT, ONE GLANCE, OBSERVATIONS BUT IT IS CONTEXTUAL. AN AUXILARY COMMENT ON THE PACE AND THE PACE CHANGE IF ANY IS DE RIGUR.
Going from right to left is DOMINANT; THE PRICE COLUMN better SAY DOMINANT AND THERE BETTER BE AN L OR S THERE IN THE COLUMN INDICATING THE VECTOR DIRECTION.
The M of MADA is price and volume. Price and volume give you the PV relation condition as a BINARY result that is CERTAIN.
The market partnership and the market's dictates to YOU are CERTAIN at all times.
While an expert trades every profit opportunity and automatically on sports memory, the beginnner does not trade often but what he does do is work at MADA, annotating, and running his log.
Debriefing is done ON the log at the end of the day in a color that is predetermined to mean DEBRIEFING and nothing else.
There is a business plan and in itis a trading plan. The trading plan is there and available and can be annotated and modified and occationally redone from scratch so it is presentaable for debriefing and iteratively refining.
If the market is moving at a clip where in a while price moves 178 points, then there better be a chart that is annotated, a log that is being completed and at least 1 contract in the market making those 178 points.
MADA takes a person across the log and MADA is done over and over. MADA is not tied to doing MADA each BAR. MADA is done by the trader according to the capability of the trader to repeat MADA by proceeding from left to right on the log. No waltzing around and doing "check backs to be sure".
Logs are a record of CRITICAL thinking and NOT a record of JUST what a person sees happening.
FTT is a time and price where a channel, reversal and,or a tape ends. This is a place where the PV realtionship's halves switch in what is the applicable half. This switch happens other times as well. The FTT time is the important one for making money. Logging and annotating and doing MADA is what differentiates your memories so the you can always "know that you know".
What you view at any time is only 10% of your PERCEPTION. IF you do not build your mind purposefully, you have a bad situation to deal with BECAUSE YOUR MIND IS NOT CONTRIBUTING THE INFERENCE that is required to match up with the sensory imput.
To make money you do not look at your P/L. You look at what your hand is writing in the log with certainty. The C and the H is what makes the money. MADA gets the C and H written. Annotating is what makes doing MADA right. Mess up everything as you do it. Treat corrections as improvements on a legal document.
Treat the X's and REV's as just locking in the profit segments you have MADA'ed to get. Be sure you have the direction of the trade noted next to the REV. you have to read that to be sure the next REV is in the corect direction and NOT loading up on double the contracts going in the wrong direction.
It is not p0ssible to work on a daily basis in this thread and continue to improve each day. That is the way it goes..
I did refer to the Iterative Refinement thread as an "answer sheet" and a reference place to go. I thought that we could work here intensively to take shot at jelling how a person goes form skill level to skill level and how tools that are available could be used.
I wanted to extract some commentary from the five books I am writing to enable a boot camp to have the salient points of each part of the foundation and the building blocks of each level of skill.
Here are some general comments.
If you do not have a computer set up to see the markets and do the work, you are NOT going to have any success.
If you keep your vocabulary at a zero level you are NOT going to be able to build a historical resourse that will be of tremendous value to YOU for moving on up the line.
I spent a couple of hours working on a few things on Friday with a person. The point value that occurred during that time was about 178 points on a beginner level doing 1/7th the trades an expert would have done. This time involved watching the INDU go through 8000 on the way down and one the way up. THE MARKET REPRESENTS AN OPPORTUNITY TO FREE YOURSELF FROM ANY ADVERSE AFFECTS OF NOT HAVING ALL THE MONEY YOU WANT.
The basic and clear point of boot camp is to get things prioritized and straight once and for all.
We pool extract using the PV relationship. Running a log or chart with nothing on it related to the PV relationship is a WASTE OF TIME.
We work to be in the market all the time and to be on the right side of the market and to take segments of profits by reversing when the market dictates to change sides of the market.
The log is a display of doing the routine MADA. The log as read or filled in left to right is like reading the PV relationship.
The charts are annotated in parallel with logging and everything is done and read using a left to right orientation. A HORIZONTAL oroeintation. All comments in the log must be in a horizontal orientation.
Volume is in the IF portion of the PV relationship. The terms in the IF portion are vector oriented terms. YOU MUST FILL IN THE FIRST COLUMN OF THE LOG WITH A VECTOR COMMENT ON VOLUME. VECTOR COMKMENTS COME FROM A COMPARISON THAT IS RELATIVE TO WHAT IS GOING ON. IT HAS NOTHING TO DO WITH FREAKOUT, ONE GLANCE, OBSERVATIONS BUT IT IS CONTEXTUAL. AN AUXILARY COMMENT ON THE PACE AND THE PACE CHANGE IF ANY IS DE RIGUR.
Going from right to left is DOMINANT; THE PRICE COLUMN better SAY DOMINANT AND THERE BETTER BE AN L OR S THERE IN THE COLUMN INDICATING THE VECTOR DIRECTION.
The M of MADA is price and volume. Price and volume give you the PV relation condition as a BINARY result that is CERTAIN.
The market partnership and the market's dictates to YOU are CERTAIN at all times.
While an expert trades every profit opportunity and automatically on sports memory, the beginnner does not trade often but what he does do is work at MADA, annotating, and running his log.
Debriefing is done ON the log at the end of the day in a color that is predetermined to mean DEBRIEFING and nothing else.
There is a business plan and in itis a trading plan. The trading plan is there and available and can be annotated and modified and occationally redone from scratch so it is presentaable for debriefing and iteratively refining.
If the market is moving at a clip where in a while price moves 178 points, then there better be a chart that is annotated, a log that is being completed and at least 1 contract in the market making those 178 points.
MADA takes a person across the log and MADA is done over and over. MADA is not tied to doing MADA each BAR. MADA is done by the trader according to the capability of the trader to repeat MADA by proceeding from left to right on the log. No waltzing around and doing "check backs to be sure".
Logs are a record of CRITICAL thinking and NOT a record of JUST what a person sees happening.
FTT is a time and price where a channel, reversal and,or a tape ends. This is a place where the PV realtionship's halves switch in what is the applicable half. This switch happens other times as well. The FTT time is the important one for making money. Logging and annotating and doing MADA is what differentiates your memories so the you can always "know that you know".
What you view at any time is only 10% of your PERCEPTION. IF you do not build your mind purposefully, you have a bad situation to deal with BECAUSE YOUR MIND IS NOT CONTRIBUTING THE INFERENCE that is required to match up with the sensory imput.
To make money you do not look at your P/L. You look at what your hand is writing in the log with certainty. The C and the H is what makes the money. MADA gets the C and H written. Annotating is what makes doing MADA right. Mess up everything as you do it. Treat corrections as improvements on a legal document.
Treat the X's and REV's as just locking in the profit segments you have MADA'ed to get. Be sure you have the direction of the trade noted next to the REV. you have to read that to be sure the next REV is in the corect direction and NOT loading up on double the contracts going in the wrong direction.
As regards RTH market access:
Mon - last 60-90 mins
Tues - last 60-90 mins
Wed - entire day
Thur - whole pm session
Fri - entire day
On Mondays, Tuesdays and Thursdays, I've been avoiding my real-time access so that I could take full use of the entire days market replay after RTH (9pm my time). But purely in terms of trading access, I have effectively 3 full days/week.
I achieve the real-time access without compromising my commitments by working during the day and overnight on Thursdays, and working most weekends.
Yesterday, I handed in my notice to the clinic in which I work on Mondays, thereby giving me almost 4 days realtime trading access per week from December onwards.
Once things have ramped up, I can free up all day Tuesday or Thursday too.
So time or access shouldn't be an issue.
Mon - last 60-90 mins
Tues - last 60-90 mins
Wed - entire day
Thur - whole pm session
Fri - entire day
On Mondays, Tuesdays and Thursdays, I've been avoiding my real-time access so that I could take full use of the entire days market replay after RTH (9pm my time). But purely in terms of trading access, I have effectively 3 full days/week.
I achieve the real-time access without compromising my commitments by working during the day and overnight on Thursdays, and working most weekends.
Yesterday, I handed in my notice to the clinic in which I work on Mondays, thereby giving me almost 4 days realtime trading access per week from December onwards.
Once things have ramped up, I can free up all day Tuesday or Thursday too.
So time or access shouldn't be an issue.
I see a lot of these ^ what are they?
I see alot of these v what are they?
I see an occasional arrow as well
I tried to annotate your log in color with letters, lines and circles; I couldn't do it in paint which is what I use. All that was there was monochromatic screning levels. I can't bring up the colors you used either.
