Technical Strategy
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I'll redo the preflight check to cut out the indicator stuff and provide a stronger data set and a more step by step carryover/gap analysis.
Along with that I'll add in the news/reporting check we need to have done before open.
I reviewed all the debriefing. Thank you for your work. There are several good improvements and the other aspects will all take care of themselves.
Now, I will introduce a new topic which is important and it illustrates how the syllabus (2007) and skill delineations came to be. Spyder is on point as you all know and his diligence in creating the super record of the passforward is the controlling schema.
The debriefing and narrative add to the core of annotating and logging. We are learning a language that is given to us by the markets. It is like the Spanish History of the settlement of the Western Hemisphere. You can explore for gold or you can learn the local language and take what is offered to you by partnering with the locals to extract what is available as a team. The Spanish had a harsh conception of what partnering was.
You are adding descriptions of events. This is a way of dealing with something that is not part of your prior experience. This is how passforward works.
A description leads to a TA functional understanding. As well, a causal understanding is being added and connected to the TA function. We take this further by assigning a symbol and then putting the symbol in the appropriate column vocabulary or in some cases recognizing a new column is required.
It turns out there are about 750 examples of this categorization process. It becomes the "glossary" that represents the language of getting the TELL from the market as the market "speaks" to you.
For me, I felt cross referencing each of these things to the better references (seminal books) in five categories of reference themes. I used color for the theme and page numbers for the citation in each reference. Excel made a good display of this "evidence".
To applify the value of each glossary component, networking the items together on a spacial grid was helpful. I used a cross of 5 cells eminating from a central cell. Vertical cells depict the shells of detail with one more general level above and one more detailed level below. Going from left to right depicts the skill levels of application, more or less from simple on the left to the more sophisticates on the right.
You can see that anything new either adds to the columns already known as a minor additional differentiation. Or it represents and advance in sophistication and is a beginning for the next skill level that is approaching as you crystalize where you are.
Since we are just beginning the trip, introducing this into the picture is a good idea whose time has come. Dumping the files, however is an overload that would cause deeper hunching in terms of pairing M and A for the time being.
I slipped this into the picture a while back as an instruction for moving narrative stuff into the log symbolism. Lets just keep doing that to ease on down the road.
Here we see two good examples to make the point.
Example 1:
"I note that an internal is forming right horizontally in line with the channel point 2.
Just as I note the tape ftt and begin to annotate a short tape, a great long bulging red bar appears out of nowhere on extraordinary volume, followed by another. The low of my presumed new long traverse point 1 is broken, price rises, and as it begins itâs next furious descent I reverse short at 920, any possibility of a long traverse having been scuppered."
Example two:
"IB horizontally in line with point 2, and close to the LTL. Next bar. Watching closely to see which way price breaks. Volume drying up. Possible LTL break, price re-enters the shadow of the pennant. 2.30 left in the bar. Price lingers at the LTL, and as a wave of volume surges in, price extends and I reverse long.
Prv suggests a B2B. Then she changes her mind.
Next bar. Arrives on cue.
With seven bars remaining, I wonder how much juice is left in the day.
Bar 77 confirms the traverse point 3, and as volume dramatically crescendos to a Peak, it forces the LTL several points higher.
Bar 78 looks like it could be our exit bar. Maybe not. Perhaps another VE. There it is. With a range expansion to boot.
Bar 79, and despite flagging volume, price continues its ascent. Yet another VE.
Looking at the time, I realize I lost a bar somewhere. I cover at 937 on the last bar.
In example 1, this is a thin market and you see "protection" being exercised (they (ugh, not us) are getting stopped out or entering bad trades, mostly the latter) by superficial traders who are on the wrong side of the market either way. Think of these words as a mild TA description. The causal connection we call "cascading" and maybe Wiki has this term in it by now. A symbol is easy = CASC and it goes in what column? Well price is the topic and so is volume. (CONGRATULATIONS, you are operating in the P, V world). For me, I say put it in both wherever you feel comfortable. Having a four letter word in two columns is new and it is a relaxant (A note of humor, I am feeling better) Later we will get more specific.
In example 2, this is an "end of day effect". Not a thin market for sure but a one sided market. Losers are getting handled by winners. Losers MUST minimize losses (the sooner the better) and winners (those on the right side of the market, the minority in control, are taking profits) (CONGRATULATIONS, YOU ARE ABLE TO SEE WHAT THE SYMBOL VE MEANS, AND 10 OTHER THINGS AS WELL, ALL IN A P, V ORIENTATION: you HOLD). the causal connection is EOD covering, and a couple of other minor things. The symbol is VE and an up arrow in the PC CH volume column. Advanced Beginners can handle this "squeeze" (CW term) phenomena. NB: this is NOT a cascading primarily but there is a flavor of the mechanical stops being taken out and in large nice quantities.
As you see once we adopt a new vocabulary word and distribute all its parts (mind location wise) our minds take another step in differentiation. We have 100 billion neurons just waiting to get juiced and synaptically connected to establsh, first short term memory, and then, by repetition, long term memory.
As you also see many words in a narrative are replaced by a few letters on a log. Thus the narrative is shortened. you also notice what was NOT in the narrative was right there already consciously processed through the log.
By adding tasks as drills we get the drills to flush out established things in the mind into our drills. We take these known but "outside" items and enjoin them into the trading knowledge and skills by asociation and then functionality. It must be fun to do the work since you get rewards as well in terms of effectiveness and efficiency and optimizations.
One in six vets have post traumatic problems and the system to help them doesn't work. This is a good NGO opportunity. Professionals who can give treatment will be glad to do so, if their resources are amplified by your up coming skills. A 20% boost in continually removable resources (a tranfer as agreed) is a one day a week gift of time for vets. This is 40 points a week for one day's application of profession work using the profession's personal capital in a limited POA account agreement. The NFA requirements (stay an amateur) are handled automatically by the IB where the account is. It is not much capital at any skill level. You can do bunched trading too for several accounts.
Along with that I'll add in the news/reporting check we need to have done before open.
I reviewed all the debriefing. Thank you for your work. There are several good improvements and the other aspects will all take care of themselves.
Now, I will introduce a new topic which is important and it illustrates how the syllabus (2007) and skill delineations came to be. Spyder is on point as you all know and his diligence in creating the super record of the passforward is the controlling schema.
The debriefing and narrative add to the core of annotating and logging. We are learning a language that is given to us by the markets. It is like the Spanish History of the settlement of the Western Hemisphere. You can explore for gold or you can learn the local language and take what is offered to you by partnering with the locals to extract what is available as a team. The Spanish had a harsh conception of what partnering was.
You are adding descriptions of events. This is a way of dealing with something that is not part of your prior experience. This is how passforward works.
A description leads to a TA functional understanding. As well, a causal understanding is being added and connected to the TA function. We take this further by assigning a symbol and then putting the symbol in the appropriate column vocabulary or in some cases recognizing a new column is required.
It turns out there are about 750 examples of this categorization process. It becomes the "glossary" that represents the language of getting the TELL from the market as the market "speaks" to you.
For me, I felt cross referencing each of these things to the better references (seminal books) in five categories of reference themes. I used color for the theme and page numbers for the citation in each reference. Excel made a good display of this "evidence".
To applify the value of each glossary component, networking the items together on a spacial grid was helpful. I used a cross of 5 cells eminating from a central cell. Vertical cells depict the shells of detail with one more general level above and one more detailed level below. Going from left to right depicts the skill levels of application, more or less from simple on the left to the more sophisticates on the right.
You can see that anything new either adds to the columns already known as a minor additional differentiation. Or it represents and advance in sophistication and is a beginning for the next skill level that is approaching as you crystalize where you are.
Since we are just beginning the trip, introducing this into the picture is a good idea whose time has come. Dumping the files, however is an overload that would cause deeper hunching in terms of pairing M and A for the time being.
I slipped this into the picture a while back as an instruction for moving narrative stuff into the log symbolism. Lets just keep doing that to ease on down the road.
Here we see two good examples to make the point.
Example 1:
"I note that an internal is forming right horizontally in line with the channel point 2.
Just as I note the tape ftt and begin to annotate a short tape, a great long bulging red bar appears out of nowhere on extraordinary volume, followed by another. The low of my presumed new long traverse point 1 is broken, price rises, and as it begins itâs next furious descent I reverse short at 920, any possibility of a long traverse having been scuppered."
Example two:
"IB horizontally in line with point 2, and close to the LTL. Next bar. Watching closely to see which way price breaks. Volume drying up. Possible LTL break, price re-enters the shadow of the pennant. 2.30 left in the bar. Price lingers at the LTL, and as a wave of volume surges in, price extends and I reverse long.
Prv suggests a B2B. Then she changes her mind.
Next bar. Arrives on cue.
With seven bars remaining, I wonder how much juice is left in the day.
Bar 77 confirms the traverse point 3, and as volume dramatically crescendos to a Peak, it forces the LTL several points higher.
Bar 78 looks like it could be our exit bar. Maybe not. Perhaps another VE. There it is. With a range expansion to boot.
Bar 79, and despite flagging volume, price continues its ascent. Yet another VE.
Looking at the time, I realize I lost a bar somewhere. I cover at 937 on the last bar.
In example 1, this is a thin market and you see "protection" being exercised (they (ugh, not us) are getting stopped out or entering bad trades, mostly the latter) by superficial traders who are on the wrong side of the market either way. Think of these words as a mild TA description. The causal connection we call "cascading" and maybe Wiki has this term in it by now. A symbol is easy = CASC and it goes in what column? Well price is the topic and so is volume. (CONGRATULATIONS, you are operating in the P, V world). For me, I say put it in both wherever you feel comfortable. Having a four letter word in two columns is new and it is a relaxant (A note of humor, I am feeling better) Later we will get more specific.
In example 2, this is an "end of day effect". Not a thin market for sure but a one sided market. Losers are getting handled by winners. Losers MUST minimize losses (the sooner the better) and winners (those on the right side of the market, the minority in control, are taking profits) (CONGRATULATIONS, YOU ARE ABLE TO SEE WHAT THE SYMBOL VE MEANS, AND 10 OTHER THINGS AS WELL, ALL IN A P, V ORIENTATION: you HOLD). the causal connection is EOD covering, and a couple of other minor things. The symbol is VE and an up arrow in the PC CH volume column. Advanced Beginners can handle this "squeeze" (CW term) phenomena. NB: this is NOT a cascading primarily but there is a flavor of the mechanical stops being taken out and in large nice quantities.
As you see once we adopt a new vocabulary word and distribute all its parts (mind location wise) our minds take another step in differentiation. We have 100 billion neurons just waiting to get juiced and synaptically connected to establsh, first short term memory, and then, by repetition, long term memory.
As you also see many words in a narrative are replaced by a few letters on a log. Thus the narrative is shortened. you also notice what was NOT in the narrative was right there already consciously processed through the log.
By adding tasks as drills we get the drills to flush out established things in the mind into our drills. We take these known but "outside" items and enjoin them into the trading knowledge and skills by asociation and then functionality. It must be fun to do the work since you get rewards as well in terms of effectiveness and efficiency and optimizations.
One in six vets have post traumatic problems and the system to help them doesn't work. This is a good NGO opportunity. Professionals who can give treatment will be glad to do so, if their resources are amplified by your up coming skills. A 20% boost in continually removable resources (a tranfer as agreed) is a one day a week gift of time for vets. This is 40 points a week for one day's application of profession work using the profession's personal capital in a limited POA account agreement. The NFA requirements (stay an amateur) are handled automatically by the IB where the account is. It is not much capital at any skill level. You can do bunched trading too for several accounts.
Looks like a good start. The log is sufficient (1 page) and it looks like pulling the cover from left to right is working.
The "blitz" will be very instructive since you are getting in a lot of reps in a short time.
You can squash the vertical scale on the Excel semi log as curves are added.
Doing the "blitz" will become a little complicated for higher levels since data will not be comprehensive as we go to non chart data. No problem though since we can compensate in other ways.
I remember the blitz and the Edward R Morrow and others reporting from London. After war on first visit I left my passport at quanset building of customs, but officer ran down street and caught our cab as we left airport. Such a small world then. Super constellation flight and landing in Gander, NF then Shannon to refuel to get to London. lol.... 13 hours in the air from NYC (Idlewild) the "long drone".
The "blitz" will be very instructive since you are getting in a lot of reps in a short time.
You can squash the vertical scale on the Excel semi log as curves are added.
Doing the "blitz" will become a little complicated for higher levels since data will not be comprehensive as we go to non chart data. No problem though since we can compensate in other ways.
I remember the blitz and the Edward R Morrow and others reporting from London. After war on first visit I left my passport at quanset building of customs, but officer ran down street and caught our cab as we left airport. Such a small world then. Super constellation flight and landing in Gander, NF then Shannon to refuel to get to London. lol.... 13 hours in the air from NYC (Idlewild) the "long drone".
So we're generating our new trading vocabulary organically, as an infant would do when first learning language, learning names for objects and events after they are seen or experienced.
You've encouraged that I ask questions, especially of the non-housekeeping variety. I have three, and hope they are not off topic.
1) The 4-cells of the Jokari window describe the PV relationship. Even on the most recent chart, however, there are several occasions on which they do not seem to apply, even after completion of sequences is accounted for. Are there other requirements and exclusions?
<img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=2167392>
2) M and A have depth, which continually seems to be increasing. The other two parts of MADA are also considered as discrete intellectual processes, on a separate footing, to be identified and cultivated. Given that D and A are expressed as binary vectors, where is their depth?
3) You've made several references to the market operating as a matrix, where the operating point migrates rather than jumps, and always does so under minority control. Who are this elusive minority and how/why do they supercede the majority?
You've encouraged that I ask questions, especially of the non-housekeeping variety. I have three, and hope they are not off topic.
1) The 4-cells of the Jokari window describe the PV relationship. Even on the most recent chart, however, there are several occasions on which they do not seem to apply, even after completion of sequences is accounted for. Are there other requirements and exclusions?
<img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=2167392>
2) M and A have depth, which continually seems to be increasing. The other two parts of MADA are also considered as discrete intellectual processes, on a separate footing, to be identified and cultivated. Given that D and A are expressed as binary vectors, where is their depth?
3) You've made several references to the market operating as a matrix, where the operating point migrates rather than jumps, and always does so under minority control. Who are this elusive minority and how/why do they supercede the majority?
As I mentions in the two "glossary" examples, each contained the "peaking" volume of those two high volatility bars. You can notice their relative location on the price scale. The "skill" of 50 plus contract players is "showing". We frontrun their their "protection" which fails and get our better "pushes" as we use MODE to Continue which gives us the HOLD in the traverse (which is an exteneded range tape).
This volume is an example of the signal to noise ratio on the peaking bars. To further expand the daily range, subsequently took less toal volume where only a small noise contribution was being made. Here this means that noise is being put on the table. I feel noise is a combo of unskilled activity and IB activity where poor traders are being excused from trading because of the absence of capitalization. The latter keeps the market from being much thinner when a lot of methods become opaque to the poor trader.
These things are part of the relaxed HOLD period when the minority is wrecking the majority who do NOT recognize the counter intuitive nature of how the market "speaks".
All of this is our Pre-nuance" life in trading. By keping focussed on the "chunking" of segments, we are very "consistently" taking the offer on a given level of sensitivity.
My goal this weekend is to articulate the sequences of the maturing of traverses. As this becomes part of the consciousness (your drills will be "speaking to you" about this), more and more of the bar to bar time is spent in allowing the offer to come to you. Therefore, much less time is consumed by what is between the segments.
As we get to reviewing the seasonal aspects of the market, it will become more and more apparent why occassionaly holding through non dominants is the propicious thing to do.
Then finally when we step up to full extraction of the dynamic offer, it will be anything but a freakout drill. You will just be able to rip through the annotating and the logging under circumstances where it seems time has slowed down by a factor of four or so.
As I write I am beginning to overlap the staggering of the skill levels a little bit. It is very reasonable to do since you, personally, are stepping up the differentiation and NOT doing any step skipping as sometimes happens. I appreciate your continual effort to refine prior level drills by incorporating parallel efforts in present drilling.
This building and maintaining is the way SCT works out. Most learners just plow ahead with a single furrow and never look back. At some point they become shakey and lost and cave in to confusion.