Technical Strategy
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Here is an annotated version that covers the bases a little more.
You can fill in the Wait D column inputs at the bottom.
All of this applies to channels ONLY. The volume Gaussians are ONLY channel related Gaussians.
I did the chart according to the critical thinking used in Applying the PV realtionship to the MADA process. Your chart looks like an Analysis>>>Decision>>>Action>>>>Monitoring flow chart.
Did we do the log backwards from left to right? Do you fill in the rows from right to left?
I am asking you to think here and there so you mind gets differentiated in a way that is compatible with making money.
the reason I redid the chart is because I know that a word description of how to change it would not have been understandable to you.
What we are doing is breaking up the trhought process into smaller and smaller parts in order that the parts become digestible.
I may begin to put two spaces between the words so that you can spend more time on each word.
The only time the channel level of the market is non trending is right at the oopen. When you have an FTT and get an X in the MODE, you are going to REVERSE to be on the right side of the market. Sometimes during the day, price movement will slow down. If it does and you do not "know that you know", you DO have a plan of ACTION.
On duty, but the coast seems clear...
Sorry about the back-to-front chart. I know that I'm the rate-limiting step in this equation, and I'm already responsible for an unacceptable amount of wasted time. I wanted to get everything on the table, so to speak, before I headed out.
I had some technical problems with the program I was using, and couldn't work out how to flip the image through it's y-axis. But in my reluctance to hold up proceedings, I decided to post the first draft.
Call centre having trouble with their lines. I may have a little time to fix it now.
This is bootcamp.
We reverse on the MODE being Change whose symbol is X.
The symbol in MODE for R2R is C and the D column is H.
The symbol in MODE for B2B is C and the D column is H.
If you put something in the wrong place, then there are consequences and the consequences are elswhere.
At the time the R2R or B2B occur, you are making bacon. you are hiking Gaussians into a valley and the trail crosses a stream or canyon or wash or gulch or swamp or bog. The trail color does not change and you pack is filled with your contracts. You job is to "know that you know". The trail is blazed and you keep following it.
Boot camp is one long hike each day and at the end of the day you take your pack off and put more contracts in it to carry the next day. All you do is orient to be on the correct color trail where you only change colors on peaks that have a signpost at the color change which is labelled FTT. Every other peak or trough you just keep hiking lugging those contracts to make more bacon. There are NO FTT's in troughs.
You NEED to learn how to hike. The log is your hiking map and you have a p[encil to fill it in as you keep hiking, you do not put the pack down to log. Get a spare pencil just in case you drop the one you are using.
Quote from jack hershey:
Here is an annotated version that covers the bases a little more.
You can fill in the Wait D column inputs at the bottom.
All of this applies to channels ONLY. The volume Gaussians are ONLY channel related Gaussians.
I did the chart according to the critical thinking used in Applying the PV realtionship to the MADA process. Your chart looks like an Analysis>>>Decision>>>Action>>>>Monitoring flow chart.
Did we do the log backwards from left to right? Do you fill in the rows from right to left?
I am asking you to think here and there so you mind gets differentiated in a way that is compatible with making money.
the reason I redid the chart is because I know that a word description of how to change it would not have been understandable to you.
What we are doing is breaking up the thought process into smaller and smaller parts in order that the parts become digestible.
I may begin to put two spaces between the words so that you can spend more time on each word.
The only time the channel level of the market is non trending is right at the oopen. When you have an FTT and get an X in the MODE, you are going to REVERSE to be on the right side of the market. Sometimes during the day, price movement will slow down. If it does and you do not "know that you know", you DO have a plan of ACTION.
Please note that the R2R and B2B are missing. I'm not putting them in for you; you MUST think critically about how to put these in. If you misplace one thing somewhere, there are consequences. you must always pick up the pieces of a mistake or ommission and find out where and how and why it fits in somewhere else.
The SCT is a complete, anomoly free algorithm. It is horizontally oriented and builds from a certainty foundation established by using a binary vector basis and eliminating any aspects of probability.
Certainty is parasympathetic. Probability is sympathetic and has its routes in the fight or flight syndrome. the inevitable extreme case of the fight or flight syndrome is the Lizard syndrom which is exhibited by FREEZING. Freezing up is established by 0 --2 starvation in the BRAIN.
Here in ET, also, you see frozen brains caused by OCD. This impairment is created by one part of the brain no longer having the ability to switch off or on; it is always on. C0--2 always runs high and this further induces plaque that begins at teenage for all persons. Plaque does not dissolve. It is under the blood vessal linings (plating) and begins when intrusions between the little surface plating gets breaks in the grouting between the plating. Lack of an excellent diet and overweightness are symptoms and causes for advancing the plaque.
The bootcamp is designed to take any person from his current beliefs and behavior to a place that, for trading, is parasympathetic. I have to grind away at creating a mental foundtation that is long term and really reinforced synaptically. I also have to focus on the mind, the heart and the body.
There aspects of living come into the picture: breathing, drinking water and eating (in order of survival limitations). Breath is minute to minute, drinking is day to day and eating is week to week for staying out of trouble.
50% of brain level O --2 is standard for CW edge trading under conditions or either fear, anxiety or anger. SCT, being parasympathetic can runn over capacity sometimes since it is based on support, comfort and confidence.
You must drink in ounces per day your weight divided by 2. Use 100 oz's as a minimum EVERY day. That is more than six of those dumb plastic bottles with ocer 25 impurities that leak into the water as contaminants that are unregulated and made of petroleum based plastic components.
Eat only things that are as close to natural as possible. Skip eating food products that have eyes or ears or mouths. White refined anything is stupid. Only eat enough to be 70% full at any time. Three snacks small and three small meals. What you are eating now and the tastes you have are all from your informal education. Do not transition rapidly to an excellent diet; it will stress you out.
You need to elevate your heart rate for up to an hour a day 5 or 6 times a wekk. Use a formula for the type atheletic you are. If you are not a claasification then be crude about it. Your baseline for your pulse rate is 220 minus your age in years.
When you get up, take your rest pulse. Add to this number two values to get the exercise pulse you will be operating at. Add 60 percent to get the minumum and add 85% to get the maximum.
Do a few minute warmup to get to the operating rate and do a few minutes cool down after you exercise.
I do my exercise at rates that are above this level and it does not give me anymore benefit. my rest is 55 and my max is 130
There are five things that contribute to maintaining excellent health:
1. Intake of stuff: air, water, food.
2. Exercise
3. Stress reduction
4. Meditation, and
5. Social support.
Each has a requirement. When you attain that requirement, getting more or better will not cause further improvement with one exception.
The exception is stress reduction: the more the merrier. That is why we will hook up to our PC's for biofeedback as part of bootcamp.
Working on an elegant revision of the continuation chart. Coast still clear.
From the above, am I correct in assuming that it's not acceptable to drop the pencil and enter orders by mouse?... if so, may need to get the TradeNavigator trial version up-and-running... Ninjatrader has no hotkey ('T') functionality.
Here's the deal.
If you are able post pairs of illustrations. Serially is fine because it make it ease to see the annotations and the log as pairs for segments of the day.
Today's chart starts with bar painted black after an O >C. Black bars occur and you annotate with a RED falling Gaussian. The log must be humorous as well.
I see a carryover of two black lines forming something. They come to an end.
Now you see why we have the W in the D column occassionally.
The day started with what I illustrated yesterday and answered a very adroit question on today about yesterday. The gold circle question and it's annotated answer.
I am requesting that you think about the PV relationship as you log and annotate. As you do both and they are contradictions, then you get to think more deeply about what you are confused about.
In the golde circle comments, I more formally, introduced what can be seen to be going in a way that required a beginner to make an adjustment to get back on the right side of the market as an annotation effort works for him and he is logging. He only made a small amount of money when he was working things through successfully.
Your today's chart does NOT have a channel on it as we see. All beginners get into the market and get on the right side. As they do this their logs are, correctly, screaming at them to log channel information since it is what is done by beginners.
today will be done over and over as each skill level is started.
Here is a thought to begin any day: we color the trails in volume so we can carry our pack of contrcts on the correct trail. there are only two colors. If you use the wrong color, you are screwed as a hiker. There is no one else on the trail with you; they are on a different color trail.
You came down to a B2B trough you labelled R2R as a continuation of the first color error you started the day with.
Boot camp is difficult if you do NOT use the PV relationship or if you do not know the PV relationship.
Three declining black volume bars led to a B2B using bar 3 and bar 4.
Bar 4 and 5 gave you an internal FTP (this is advanced language here but I feel the internal is there so I am giving it a name. YouWAIT through the WAIT that the non dominant tape gave you for bars 1, 2, 3, and 4. AS a beginner you continue to WAIT through the internal of bars 4 and 5.
Bar 6 is red right off and since black is non dominant, you get a clue that a dominant is in the picture AND then you get to see the internal have a BO in the direction of the dominant color and price direction. You hit T except your platform is incapable of doing that for you automatically. The log won't do it either because it is a log.
We are in boot camp to make money. We have GI issue of everything imaginable so no one has any excuses for anything whatsoever. Except you.
In trading the market tells you what to do. You MUST do it when the market tells you.
As a person who made 70 pooints a while back on one trade, you know 10 or 15 tics is nothing to worry about, you can still add contracts with what you get each day.
So you get into the market and you are on the right side as shown above in my commentary. In boot camp I would be cruising around handing out new erasers to people all the time since they use them up fast and they are also messy all the time.
You would be on my list of people who have not posted a log for a while. Say you get in the market as it opens. You know you will be in for ages since you are quite far, in time, away from the FTT that is your next reversdal trade. Post the log and the beginning of the chart. That will make me feel that you are a participant in boot camp. So redo the day on your chart and your log and get a platform that works or learn how to use the platform you have. All trades that we do are market. The reason is we are building our minds and the time of trades is important for making money. When the market says trade, you trade.
As we go through a couple of weeks here your account will build up to well over 100,000 dollars. Say you made 70 points on a contract level of 50 contracts. That is a profit of more than 1 contract per point of profit. All the profits turn out to be about 175,000 dollars for the day. That is about 100 computers @ 1,750 a piece.
Some observers may be reading parts of this occasionally. If you make some progress as the days go by, they will be able to see how learning happens for a person who is starting at the beginning.
we are working on annotating and logging. they go hand in hand and this check and balance system will reveal to you quite readily when you are NOT being consistent now that you have a vocabulary that is being completed.
The AM start had two errors: color and the R@R used instead of the B2B that actually happened. In bootcamp you can keep making these errors. It will not become long term memory since the errors are not repeated the same way. BUT on the other hand, if you start dong things right all the time, then you will have making money reinforcing your success.
We all know you will be getting rich as you build your mind. Many people will watch and see you and see their opportunity slip away yet one more time.
From bar 6 to bar 23 it is kind of dull and easy going; all that happens is money is made automatically as you annotate and log and post the chart and log periodically as bootcamp goes along.
we had a hold from 920 to 870 which is over 10 points per contract. In fact it is enough to double the number of contracts in your pack as you hike the Gaussians.
I notice that your reversal woul be held back up to 945, which again is more than 10 points. It is 75 points which would allow you to double your contracts once again during the day. A two trade day BUT were you on channels?
New chart tomorrow.