Technical Strategy
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As you see on beginner internals on this type day (ATR) with profits you double @ first 40 point net per contract and by combounding you get a second doubling per copntractby the end of the day.
As Nkhoi (who first invited me to ET) suggests, DO 'ing MADA is where it is at.
There is an orientation of BE DO HAVE.
By allowing your mind to work critically at full potential of undivided purpose and attention, you then build the unconscious, which as you sleep later, parallels the streams of thin fragile newly differentiated pathways into more solid pipelines of long term dirrententiated memories.
When you awaken the next day, you mind begins to work in a NEW manner that is more effective and efficient. You are noting the accompaning feelings of this happening.
As you DO You get to HAVE.
Experience is how the unconscious is fed. Experience in real time while thinking critically is the matter as hand.
Success is not defined in points per day. It is defined in performance of taking the offer by KNOWING THAT YOU KNOW all of the time in a context of certainty.
You are a partner of the market and the market "speaks" to you as you do the work.
We spend 4 skill levels on level 2. So far we have just done 2 of them. By accomplishing these we find out that 2 doublings of contracts happen in a day by taking the market's offer and just when and how the market offers.
I am making a record of the process of skills acquisitions and you are making a record of purposeful learning using critical thinking in an algorithm based on certainty and sufficiency.
The BE DO HAVE result is a differentiated mind. It is not possible to explain how this manifest and grey matter accomplishment extends to many other areas of life's considerations.
I am glad you get to work with the orchestra. When they come to Tucson next it will be even more fun to listen. It is great to see a conductor who does not require a music stand to supply the script.
In time, it is possible that you will read the market like your conductor reads the music in his head while the orchestra plays for him.
Good job today. There are some errors in the tapes.
Looked through my binders and compiled the list. It's still quite spare.
Beginner
Advanced Beginner
Beginner Internals
Neuroscience
Biochemistry
PV relationship
MADA
Seven cases
Traverse construction
Gaussians
Sequences
Fractals
Log
Entry
FTT
Golden circle effect
Reversals
Debrief
PACE
Volatility
Overlap
Symbol vocabulary
Trading plan
Preflight checks
Carryover
Internals
NGO ideas
Markets
Miscellaneous
debrief
Thanks, Jack. I know the real work is only just beginning, and applaud your patience for bearing with me so long.
Here's my log debrief, trying to identify why I remained on the wrong side of the market for so long. As the afternoon ascent began, I had dashed horizontal lines indicating the highs of today and yesterday and projection of the angle of the first dominant traverse of the channel mapped onto the channel point 3. When the slope of the ascent accelerated, we were headed towards the FTT estimation (and 'double-top'), and what could be a turbulent time. I tried very hard to eliminate what I had classed as 'CW insights' from my mind, decided that I wouldn't reverse on a VE and held. Some indecision followed, after which there was a decisive bar, which after failing to extend the range, turned into an OB IBGS, enveloping both preceding bars. Again, two things stopped me from reversing; the first, the fact that I had mechanically created a rule to hold on OBs, and second, I recognized this as a volume-confirmed 'bearish engulfing' pattern from CW days, and in working to get the CW out of my head, ignored a very distinct TELL.
<img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=2177662>
Thanks, Jack. I know the real work is only just beginning, and applaud your patience for bearing with me so long.
Here's my log debrief, trying to identify why I remained on the wrong side of the market for so long. As the afternoon ascent began, I had dashed horizontal lines indicating the highs of today and yesterday and projection of the angle of the first dominant traverse of the channel mapped onto the channel point 3. When the slope of the ascent accelerated, we were headed towards the FTT estimation (and 'double-top'), and what could be a turbulent time. I tried very hard to eliminate what I had classed as 'CW insights' from my mind, decided that I wouldn't reverse on a VE and held. Some indecision followed, after which there was a decisive bar, which after failing to extend the range, turned into an OB IBGS, enveloping both preceding bars. Again, two things stopped me from reversing; the first, the fact that I had mechanically created a rule to hold on OBs, and second, I recognized this as a volume-confirmed 'bearish engulfing' pattern from CW days, and in working to get the CW out of my head, ignored a very distinct TELL.
<img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=2177662>
Debriefing means check you chart against Spyder's chart.
1. Shade your chart where it agrees with spyder. Shading means take a green hi liter and draw diagonal lines through all of your annotating that is in agreement. Print his chart first and keep it with your hi litered chart.
2. Note in the unshaded areas the differences and write in long hand what you will do next time this happens as a positive comment on what you need to incorporate.
3. Ask questions if there still are any questions.
SKIP FIGURING OUT THE MONEY MAKING RELATED STUFF. ALL MONEY MAKING TAKES CARE OF ITSELF AS YOU CREATE FIRST MENTAL RECOURSE LOCATIONS.
THERE IS AN ACTION COLUMN THAT IS USED TO TRADE ON A TRADING PLATFORM. YOU WILL DO WHAT IT SAYS.
Thanks for the clarification. As soon as Spyder posts his chart I'll do the debrief comparison and post it.
Under the debriefing tab of my learning binder, I have a comment about debriefing 'fuzziness' in Analysis that caused a delay in returning to the right side of the market. Should I strike this from the binder?
Print guavaman, romanus and PVT trader.
Compare these three minds at work. your job is to be EXCELLENT and annotating. To do that, you can review all four charts and come to understand what is correct and what has small places for improvement.
Your charts will become identical to what is precisely correct.
If you want to look a crap go over to the PA charts.
We are doing level 2 on four successive skill levels; each one advances getting the annotating and logging refined a bit more.
I will get Intermediate started by saying that we add YM annotating and logging. Here you see, when it is important that YM leads the ES. It is important when you NEED more information to know that you know (more and greater sufficiency).
Work from a positive orientation. Here are two sentences that make my point.
DON'T FALL DOWN ON THE SLIPPERY ICE.
Walk carefully and safely, step by step, across the the slippery ice.
It is not the capital letters; you mind does not process the word "not" or "Don't" or any negative expression. Your mind leaves out the negative. "Leaves out" is a positive expression so it is done and processed by the mind.
"SCT doesn't work" is translated in the mind to "SCT works". "Doesn't" is processed out of the mind's pictures.
Drills are totally positive.
the only thing going to the mind is 0- 2 and glucose LOL have fun
Well that's a blast from the past! If I'd waited too much longer, I'd have started breaking down fat stores
I printed the three charts you mentioned, together with Ehorn's, and have spent 90 minutes or so comparing them. Surprising how much you can learn simply from perusing the charts of other learning practitioners. I've made a few positive comments on a print of my own chart, and if Spyder posts his version, I'll shade the corresponding regions.
I leave for work in a few hours, so will begin the drill tomorrow. If only I could condition my body to function on less sleep, could be so much more productive!!... Will ensure that the ten charts, abbreviated logs and third curve are done before the end of the weekend.
<img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=2177832>