Quote from Neoxx:
One thing I'm finding a little confusing is annotating channel gaussians from the outset. Once you know the channel boundaries, and can see where price has bounced off the Left and Right trendlines, you can mark your gaussian peak and trough respectively, but what process do you go through before it's clear where the channel boundaries are?
Do you start annotating gaussians on the tape level, then proceed to the traverse level once you have your first confirmed traverse, and finally overlay thick red and black lines once you have a 3rd traverse and a channel point 3?
We made a poor agreement. I misconstrued the log you initially came up with as an effort to begin a learning process.
Learning to trade any method requires critical thinking. To state this means nothing if the person reading it isn't interested in thinking.
I have been breaking the pieces into smaller and smaller pieces in order to get any one reading to be able to have something of a small enough size that they could thnk about. The above post illustrates this because it is a statement of a person on the sidelines that is just considering thinking about what he has been looking at (I suppose a person colud feel he was doing more than looking) for over two weeks in this thread and for months previously as a bystander of another sort.
It is still too risky for anyone to participate and think about anything. And it has been stated that the bootcamp has been tried before and its not a good idea for more then one person to be the non guinea pig.
Here is the parsing of the above post:
"One thing I'm finding a little confusing is annotating channel gaussians from the outset."
Your solution was to NOT annotate. Very safe and you are right where you were months and months ago.
I suggested that you begin the weekend's opportunity by doing the 10 days you didn't do by doing each one to GET IN THE MARKET.
If a person gets in the market does he know how to annotate the first Channel Gaussian?
There is absolute CERTAINTY to the answer to this question.
I'll let it go at that.
"Once you know the channel boundaries, and can see where price has bounced off the Left and Right trendlines, you can mark your gaussian peak and trough respectively, but what process do you go through before it's clear where the channel boundaries are?"
One simple aspect of being a beginner is that a beginner trades from FTT to FTT. The exception is the open; here the beginner enters ASAP on the right side of the market. After he does this he holds until he reaches the first FTT of the first channel.
The specific answer comes from the critical thinking that you do not choose to do. I do not think, at this point in your life, you will make the choice to begin to think critically.
Anyone who is willing to think critically would answer the specific question with : "hold". The boundaries do become clear BEFORE the FTT is reached no matter what level the treder is trading upon.
You have spent a lot of person time and have not come to understand the answer to this question. Furthermore, your mind raises the question BEFORE you have done any "WORK".
There was put forth an idea about the opportunity the markets represent. You espouuced it as something along the "party lines". You said that "WORK" is required and your rebuttal turns out to be "I'm not going to do the work and I am not going to think, BUT I am going to sak the above question.
NOW you have the answer and you also have the fact that you did not do the work where the answer would have been given to you in doing the work.
Here is a point: I started bootcamp to get you and others to do work. No one is doing the work and interacting in ET. The only people commenting in this journal are the ones NOT doing any work and they are telling you you are not doing the work.
"Do you start annotating gaussians on the tape level, then proceed to the traverse level once you have your first confirmed traverse, and finally overlay thick red and black lines once you have a 3rd traverse and a channel point 3?"
Minor point. You are unfamiliar with channels. They are formed by 2 traverses. The second traverse is between point 2 and point 3. you may notice that on the annotations you do not do and in the logs you do not do, that the second traverse is labelled as begining with point 2 and point 3.
As far as annotating, it is a good idea to "build" from bar to tape to traverse to channel. Everything is annotated, it turns out, before, on any level of skill, a behavioral action occurs. Behavioral action means you make use of the trading platform keys or icon by physically doiong something with your physical body.
There are three levels of annotating involved for V and P. In boot camp as each day went by for ten days we discussed how to make improvements on each of your charts and logs. This repetition that we did day after day allowed us to be able to do more and more debriefing as the days went by. Actually nothing happened at all.
Summary
We passed on trading to make 1200 to 1500 points per contract overall in the non annotating and non logging time.. An advance of 40 points represents, compounded, doubling the capital in the market.
What this post represents is the question that comes up in the first fifteen minutes of bootcamp for a college student. They lack the fear, anxiety and anger that you continually exhibit.
What would have been wrong with doing the work?
For the detractors the answer is that all the time they had waited before actually starting, they would have to recognize as "doing the wrong thing".
How many people spent 2 weeks looking at PVT, SCT or the pool extraction algorithm before deciding it was not worth the work?
The answer is: Just about everyone. That is the way it goes.
