You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an alternative browser.
You should upgrade or use an alternative browser.
Technical Strategy
- Thread starter Tums
- Start date
Advanced Intermediate
...Advanced Intermediate is the âanswer sheetâ level of trading. We put the YM in front of the ES as a leader-lagger relationship. Two price derived indicators follow the âthe beefâ of YM leading ES when change is in effect. Six columns are the result and they are no brainers by now for the critical mind and its natural MADA rep rate. Fill in the wall values (use point and tic). Check marks suffice on the S/S. CH means the S/S is between the look up values of ânothing is coming upâ. If you have either S or S then check L for long or S for short. Put the numbers 1, 2, 3, 4, etc in DR to indicate the daily premium drift in even points.
This is the last traverse level trading skill level. By this time you will be sweeping accounts at some periodicity and/or trading other markets will be on the table. People do run more than one log.
By having the answer sheet all timing issues have disappeared and you can do about anything you want by turning your attention to it....
<img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=2205058>
...Advanced Intermediate is the âanswer sheetâ level of trading. We put the YM in front of the ES as a leader-lagger relationship. Two price derived indicators follow the âthe beefâ of YM leading ES when change is in effect. Six columns are the result and they are no brainers by now for the critical mind and its natural MADA rep rate. Fill in the wall values (use point and tic). Check marks suffice on the S/S. CH means the S/S is between the look up values of ânothing is coming upâ. If you have either S or S then check L for long or S for short. Put the numbers 1, 2, 3, 4, etc in DR to indicate the daily premium drift in even points.
This is the last traverse level trading skill level. By this time you will be sweeping accounts at some periodicity and/or trading other markets will be on the table. People do run more than one log.
By having the answer sheet all timing issues have disappeared and you can do about anything you want by turning your attention to it....
<img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=2205058>
Attachments
I had been hoping to post a lengthy narrative detailing some of the insights I achieved today, but I have an early start at work tomorrow, and have to do some more probono editing - someone must have put up a personal... - so I'll keep it very brief, and in no particular order.
Paper drills really pay off. I look at a blank chart now, and my mind fills in all the details.
On progressing to a finer trading resolution, although ultimately, far more price action will be utilized, there will be an initial slump, due to timing issues and the magnified effect of late reversals.
At several junctures today, although I had complete certainty in what was unfolding, or what would come next, I couldn't logically have explained WHY.
There's really no need to look at other traders charts when the day is over. The market makes it's intentions - and the required annotation - crystal clear.
A fractal is just an arbitrary designation for the speed of sequence cycling. Sequences unfold within a bar. Following the logic to perpetuity, sequences unfold within a single tic. Therefore, there is no such thing as a failure of a new dominant - the sequences are merely cycling at a higher rep rate.
It's a good idea to spend $10k on a trading system. Not because of necessity, but because of the messages it sends to the subconscious... playing for keeps now... money is superfluous... success is inevitable...
Stops, profit targets and scaling (for purposes other than liquidity or hiding your hand) are ridiculous.
While zooming in is instructive, too much zoom is counterproductive. It can be difficult to suppress the overriding instinctive desire to trade the level I - or finer - turns.
Incidentally, amongst the four sheets of scrawled notes, there were occasional questions, of the type that could be discussed ad infinitum within a thread. Thing is, looking over the notes after market close, I realized they were no longer questions...
Paper drills really pay off. I look at a blank chart now, and my mind fills in all the details.
On progressing to a finer trading resolution, although ultimately, far more price action will be utilized, there will be an initial slump, due to timing issues and the magnified effect of late reversals.
At several junctures today, although I had complete certainty in what was unfolding, or what would come next, I couldn't logically have explained WHY.
There's really no need to look at other traders charts when the day is over. The market makes it's intentions - and the required annotation - crystal clear.
A fractal is just an arbitrary designation for the speed of sequence cycling. Sequences unfold within a bar. Following the logic to perpetuity, sequences unfold within a single tic. Therefore, there is no such thing as a failure of a new dominant - the sequences are merely cycling at a higher rep rate.
It's a good idea to spend $10k on a trading system. Not because of necessity, but because of the messages it sends to the subconscious... playing for keeps now... money is superfluous... success is inevitable...
Stops, profit targets and scaling (for purposes other than liquidity or hiding your hand) are ridiculous.
While zooming in is instructive, too much zoom is counterproductive. It can be difficult to suppress the overriding instinctive desire to trade the level I - or finer - turns.
Incidentally, amongst the four sheets of scrawled notes, there were occasional questions, of the type that could be discussed ad infinitum within a thread. Thing is, looking over the notes after market close, I realized they were no longer questions...
Quote from palinuro:
Neoxx,
I assume that's a quotation from Jack - could you direct me to the source?
Thanks,
- palinuro
It's part of a document he posted on a different thread a few weeks ago. I'm unable to locate it, but have a copy on my computer at home. I'll repost it here this evening.
Regards,
Neoxx
Quote from palinuro:
Neoxx,
I assume that's a quotation from Jack - could you direct me to the source?
Thanks,
- palinuro
Here it is (the attachment):
http://www.elitetrader.com/vb/showthread.php?s=&postid=2159431#post2159431
<center>Stretch Squeeze</center>
...We want to carefully thread our way along. Knowing that the equilibrium is there and absolutely having the support and comfort of knowing this is our forte.
This is the band of neutral values. It is all those times during the day, regardless of pace and sentiment, when we see the dynamic equilibrium in effect.
This additional tool reinforces and supports the work of OCT and NOV. It also highly relates to our addition of the YM >>> ES connection.
Here we get to also see the transition period from the one dynamic equilibrium to another dynamic equilibrium. The transition takes time and then the resumption of the dynamic equilibrium returns to dominate.
Commodities lead cash and in fact both are in a state of change. How parallel the change is for both is what is being amplified after steering to the place to look.
We will have to put in the same purposeful work to grasp and then utilize this additional advantage that this tool makes available and is always available. This is powerful and collateralizing.
The stretch or squeeze phenomena has a steep beginning transient. The damping into the extent is not various but is always see-able as a critical damping right into the strength of the end effect.
So the stretch or squeeze leaves the band significantly and dwells. The turn is ensuing.
You will relish seeing it. It gives you a sense of knowing... knowing about the market's workings.
At some point you will see the dynamic equilibrium of the neutral band re-established. It comes to you after you have the "feel for the stick" as in flying rough air. You learn to resist the stick more or less to get to where you want to be.
Here in this time slot you have reversed. You adjust your thoughts about which side is the right side. Long was right now short is right. Or vice versa. Being with what is right is the feeling we always have and the turn is just a transitory interlude we relish as an accomplishment in a transitional setting.
Were we entry/exit studs we would be dealing otherwise with a list of emotional stuff that is described in extremes and very opposite of the support and comfort feelings that derive from collecting profits and moving ahead into a new dynamic equilibrium.
We are batting in a ballpark where the transitions are very well measured and understood through purposefully working to gain excellent experiences.
The stretch squeeze proficiency development is so strong and unique. You always have a signal....it goes on and on....and always tells you how to maintain your personal dynamic balance.
This is where you become at one with the market... all the time⦠the market speaks to you all the time through this part of your display.
It is like putting masking tape over all the controls and just feeling the flight... here you use the S/S as the feeling of the stick the 5way harness and the pedals... It is where your body touches the market in a sensory way. Who cares about the G's??? You are there and you are flying in the market...
We have the P, V of ES⦠we have the P, V of YM....
Now we get to become part of the market by living the market in a dynamic equilibrium and through the turns of the market...
...We want to carefully thread our way along. Knowing that the equilibrium is there and absolutely having the support and comfort of knowing this is our forte.
This is the band of neutral values. It is all those times during the day, regardless of pace and sentiment, when we see the dynamic equilibrium in effect.
This additional tool reinforces and supports the work of OCT and NOV. It also highly relates to our addition of the YM >>> ES connection.
Here we get to also see the transition period from the one dynamic equilibrium to another dynamic equilibrium. The transition takes time and then the resumption of the dynamic equilibrium returns to dominate.
Commodities lead cash and in fact both are in a state of change. How parallel the change is for both is what is being amplified after steering to the place to look.
We will have to put in the same purposeful work to grasp and then utilize this additional advantage that this tool makes available and is always available. This is powerful and collateralizing.
The stretch or squeeze phenomena has a steep beginning transient. The damping into the extent is not various but is always see-able as a critical damping right into the strength of the end effect.
So the stretch or squeeze leaves the band significantly and dwells. The turn is ensuing.
You will relish seeing it. It gives you a sense of knowing... knowing about the market's workings.
At some point you will see the dynamic equilibrium of the neutral band re-established. It comes to you after you have the "feel for the stick" as in flying rough air. You learn to resist the stick more or less to get to where you want to be.
Here in this time slot you have reversed. You adjust your thoughts about which side is the right side. Long was right now short is right. Or vice versa. Being with what is right is the feeling we always have and the turn is just a transitory interlude we relish as an accomplishment in a transitional setting.
Were we entry/exit studs we would be dealing otherwise with a list of emotional stuff that is described in extremes and very opposite of the support and comfort feelings that derive from collecting profits and moving ahead into a new dynamic equilibrium.
We are batting in a ballpark where the transitions are very well measured and understood through purposefully working to gain excellent experiences.
The stretch squeeze proficiency development is so strong and unique. You always have a signal....it goes on and on....and always tells you how to maintain your personal dynamic balance.
This is where you become at one with the market... all the time⦠the market speaks to you all the time through this part of your display.
It is like putting masking tape over all the controls and just feeling the flight... here you use the S/S as the feeling of the stick the 5way harness and the pedals... It is where your body touches the market in a sensory way. Who cares about the G's??? You are there and you are flying in the market...
We have the P, V of ES⦠we have the P, V of YM....
Now we get to become part of the market by living the market in a dynamic equilibrium and through the turns of the market...