Quote from Neoxx:
Basic vocabulary for:
Volume
- B = Increasing Black volume
- b = Decreasing Black volume
- R = Increasing Red volume
- r = Decreasing Red volume
- B2B = Black to Black
- R2R = Red to Red
Price
- L = Long
- S = Short
- B = Black
- R = Red
- FTT = Failure To Traverse
- BO = Break-Out
- FBO = Failed Break-Out
Okay lets look closely at your progress.
The PV relationship uses four vectors and they are, in part orthogonal.
Sad to say, you missed them.
If you do not know the PV relationship you cannot make use of it.
If I had a baseball bat or a 2x6 or something like that I might be able to make a point by hitting it against something that would make a noise. A wall or telephone pole would help to make the noise.
INCREASNG AND DECREASING ARE THE VOLUME WORDS.
WITHOUT DEFINING THE SYMBOL'S PURPOSE HOW WOULD:
I - R, I - B, D -R and D -B grab your mind as something like the notes C, D, E and F.
would the letter P grab you to mean something?
Would the letter T grab you in any way.
Lets use the four combo's that are like B2B and R2R. What are the other two?
I have suggested 10 symbols for volume. Make a list and put the definition for each next to the symbol.
I will do one for you.
R2B This symbol means two things: A bounce off a LTL on a "short" channel and a bounce off a RTL on a "long" channel.
If I log this symbol (R2B) on volume and log "long" on price, do I know where I am in terms of the MODE? Do I know where I am in TERMS of the entry in the D column?. the answers are Yes and Yes. If I know these two things (they are binary in nature) am I sure of what is going on with respect to making money using the PV relationship? The answer is Yes.
you have to leran the PV relationship. If you do then you will be able to have a vocabulary for logging. If you have a log that works and a vocabulary to apply to it, then you, as a beginner, will make money.
In the last 20 of 23 days, the DOW Jones average has been a three digit movement. does this mean a beginner can add contracts each day in the ES he is trading? The answer is yes.
you have spent 8 days and not come up with symbols to put in your mind for logging and each of those 8 days plus the weekends, you have been invewnting rules as a debriefing exercise.
My job is to point out to you that you are not thinking at all as yet.
For me to get you to use a pencil has been quite a task. Now I have progressed in the boot camp to getting you straight on how symbols "look like" what they represent in terms of the PV relationship.
People say I do long posts and they cannot understand my posts. I am limited. I cannot open their heads up and pouyr into their heads a few symbols and how to run a pencil across a row using the sybols to make money.
Now you have charts I have given you. I have suggested to print them and draw lines on them by sliding a cover from left to right to reveal bars.
you annotate the charts by making the lines when possible and as you slide the cover from left to right, if necessary extend the lines if they are still in play.
Log the PV relationship for each charet.
Post the charts and post the logs.
we will do this for the month.
I will take the bootcamp to expert in a month since the progress has been so rapid up to this point.
On price delete all symbols except L, S and FTT and only use FTT on channel level. Add one symbol: INT. define what INT means when you post the complete new list with the 10 volume symbols and the 3 price symbols.
This is equivalent to handing out your rifle in boot camp. It is empty and the rounds for it are definitely locked up at this point and you do not have any ammo until you get to work doing the annotation and the logging drills.
You are armed and you can do drills with the rifle unloaded. One round was where you were to start on chart 1. Do the charts and logs and contracts will be added as we go. real days start with one round and trade off your logged, pencilled instructions that you give to yourself.
I'm, at this point, doing a lot more work than you are. All you are doing is writing and typing some stuff that is way off target. You need to get on target pronto.