The M.I.N.D Game
- Thread starter elite34s
- Start date
And it continues to prove what a sad life it leads.
Quote from JJ2:
1. 4WH (WFT?)
2. 4WH (WFT?)
3. 4WH (WFT?)
4. 4WH (WFT?)
5. 4WH (WFT?)
Can I sit in row 1 now?
Yeah ozzietrader, I just moved ahead of you.
JJ
Such a sad and pathetic troll.
Given i am in the sixth row - i started to read about order flow, the following links are still a bit vague on the subject but the info was interesting - to me anyway
i only list the ones that were written in "simple" terms - many research studies on the topic which i couldn't understand
nice summary of what elements are in order flow
http://www.mysmp.com/tape-reading.html
How to use order flow to get a daytrading edge - (article didn't address the title )
http://www.tradingmarkets.com/.site/Swingtrading/Commentary/swingsysmat/08052005-44755.cfm
Interview discusses online brokers versus direct acess
http://inet.intershow.com/teLessons/articleN.asp?iid=tew050531&aid=050531-263
the picture in this article is educational - more about execution ( speed ) than order flow
http://www.tradingacademy.com/cheaptrades.htm
order execution summary
http://www.investopedia.com/articles/01/022801.asp
info picked up from this study is that institutions demand liquidity rather than provide it
http://www.finance.ox.ac.uk/NR/rdon...C-E9C1B238AB72/0/04527Ramadorai36ppCaught.pdf
interesting ( to me anyway )
http://www.pionline.com/apps/pbcs.dll/article?AID=/20070723/PRINTSUB/70719025/1031/TOC
i only list the ones that were written in "simple" terms - many research studies on the topic which i couldn't understand
nice summary of what elements are in order flow
http://www.mysmp.com/tape-reading.html
How to use order flow to get a daytrading edge - (article didn't address the title )
http://www.tradingmarkets.com/.site/Swingtrading/Commentary/swingsysmat/08052005-44755.cfm
Interview discusses online brokers versus direct acess
http://inet.intershow.com/teLessons/articleN.asp?iid=tew050531&aid=050531-263
the picture in this article is educational - more about execution ( speed ) than order flow
http://www.tradingacademy.com/cheaptrades.htm
order execution summary
http://www.investopedia.com/articles/01/022801.asp
info picked up from this study is that institutions demand liquidity rather than provide it
http://www.finance.ox.ac.uk/NR/rdon...C-E9C1B238AB72/0/04527Ramadorai36ppCaught.pdf
interesting ( to me anyway )
http://www.pionline.com/apps/pbcs.dll/article?AID=/20070723/PRINTSUB/70719025/1031/TOC
Summary of lessons thus far: cut and paste from the posts - up to and including page 50
Making money has nothing to do with volume or picking direction. Remember, no matter who, you with your volume readings, me with my spiggots, as soon as we get filled, the price can tick any way, and no matter how hard we try to convince ourselves, this is the hard and real fact about trading.
Comment - we are starting out with order flow to understand why the above is true????? From the sixth row - it seems the opposite.
M.I.N .D. stands for Mastering Intuition Not Decision - is one of the most fundamental pre-requisites to profitable trading. it is not as simple as using T&Sales to gauge market momentum shifts
4WH is a simple method used for filtering out rubbish information
4WH is What, When, Where, Why and How
The GENERALS control the majority of liquidity that flows in and out of the financial markets on a daily basis. The Generals are not one bit concerned with what they call, "riff raff", and this is not directed at your good self, just the way it is. What does bother them, is what goes on in their own camps
We need to understand ORDER FLOW to fully understand the stock market.
Comment - if i understand correctly - the GENERALS use ORDER FLOW to decide WHAT they trade?
The GENERALS that I am talking about leave footprints the size of an Elephants', and without a "profitable setup" these footprints will never be seen, and what is more, even if you showed the footprints to the majority of traders, they would not be able to see anything, as, to the majority, they are just some wild animal meandering about the jungle, but to the experienced hunter, the footprints mean big money
GENERALS accumulate over time and they are in no position to manipulate, it is the Market Makers and Specialists that manipulate.
ORDER FLOW is exactly what it says ! The Flow of the Orders
Making money has nothing to do with volume or picking direction. Remember, no matter who, you with your volume readings, me with my spiggots, as soon as we get filled, the price can tick any way, and no matter how hard we try to convince ourselves, this is the hard and real fact about trading.
Comment - we are starting out with order flow to understand why the above is true????? From the sixth row - it seems the opposite.
M.I.N .D. stands for Mastering Intuition Not Decision - is one of the most fundamental pre-requisites to profitable trading. it is not as simple as using T&Sales to gauge market momentum shifts
4WH is a simple method used for filtering out rubbish information
4WH is What, When, Where, Why and How
The GENERALS control the majority of liquidity that flows in and out of the financial markets on a daily basis. The Generals are not one bit concerned with what they call, "riff raff", and this is not directed at your good self, just the way it is. What does bother them, is what goes on in their own camps
We need to understand ORDER FLOW to fully understand the stock market.
Comment - if i understand correctly - the GENERALS use ORDER FLOW to decide WHAT they trade?
The GENERALS that I am talking about leave footprints the size of an Elephants', and without a "profitable setup" these footprints will never be seen, and what is more, even if you showed the footprints to the majority of traders, they would not be able to see anything, as, to the majority, they are just some wild animal meandering about the jungle, but to the experienced hunter, the footprints mean big money
GENERALS accumulate over time and they are in no position to manipulate, it is the Market Makers and Specialists that manipulate.
ORDER FLOW is exactly what it says ! The Flow of the Orders
Tidbits from the lessons thus far: Cut and paste again - up to and including page 50
Fibonacci Ratios mean absolutely nothing in trading, and what you see, when a price hits one of these numbers, is nothing more than the natural movement of price over time, and, the fact that you have placed a FR line in its path, is just a coincidence
And, while the 200 Day moving average of a particular stock, might induce some bit of anterior lobe stimulation in, what I call Salary Traders, it really has very little importance when it comes to future price target projections.
But, if we "are" projecting the future price of a stock, or index, are we going to make a "decision" based on the future price projection, or based on our intuition, or should it be a bit of both, and if so, what should the balance be, and how do we go about getting the correct balance, and, how do we know when we have the correct balance!
Daytraders and Swingtraders, the majority of whom frequent public forums like ET, are but a drop in the ocean, and if all of them were prevented from trading tomorrow morning, it would have but a minuscule effect on market liquidity.
I spent years trying to mastering the charts and I accomplished it but I couldn't trade for spit. I began generating profits when I began understanding and mastering myself, and, in the process, I became an intuitive trader. I found my strengths were in taking profits so I just became a profit taking fool and forgot the rest.
there is no profitable trading system. No profitable setup. No profitable software. No profitable methodology. There are only profitable minds.
Trading systems, setups, methods are only filters through which your mind looks at the mutant chaos (the market). A "profitable" filter used by a non profitable mind will result in losses.
Over the chaos there is only one thing worth attention: the footprints of the big money. You can see them from time to time. Not with your indicators or with any technical stuff. Your non biased mind will see it through the clouds and smoke and blood and cries and arrogance and theories and lies and illusions and...
Big money "shows" all of the time. The best thing to do is front run it. "Tells' are used for front running. You may want to follow up with a reading of Larry Harris. In particular the sections on parasitic trading and within that the sections on the anticipatory trading characteristics. Once you give consideration to the value od being "pushed" by big money, you will then see the value of using the appropriate leading signalling devices and their particular sequencing of outputs to you.
Before you trade, you must first understand Order Flow, and what happens when The Generals decide to place / adjust some big positions in the market. This is the start of the game, and most players don't even know about it, and they then wonder why it is the market seems to always go against them, very shortly after they are filled.
Fibonacci Ratios mean absolutely nothing in trading, and what you see, when a price hits one of these numbers, is nothing more than the natural movement of price over time, and, the fact that you have placed a FR line in its path, is just a coincidence
And, while the 200 Day moving average of a particular stock, might induce some bit of anterior lobe stimulation in, what I call Salary Traders, it really has very little importance when it comes to future price target projections.
But, if we "are" projecting the future price of a stock, or index, are we going to make a "decision" based on the future price projection, or based on our intuition, or should it be a bit of both, and if so, what should the balance be, and how do we go about getting the correct balance, and, how do we know when we have the correct balance!
Daytraders and Swingtraders, the majority of whom frequent public forums like ET, are but a drop in the ocean, and if all of them were prevented from trading tomorrow morning, it would have but a minuscule effect on market liquidity.
I spent years trying to mastering the charts and I accomplished it but I couldn't trade for spit. I began generating profits when I began understanding and mastering myself, and, in the process, I became an intuitive trader. I found my strengths were in taking profits so I just became a profit taking fool and forgot the rest.
there is no profitable trading system. No profitable setup. No profitable software. No profitable methodology. There are only profitable minds.
Trading systems, setups, methods are only filters through which your mind looks at the mutant chaos (the market). A "profitable" filter used by a non profitable mind will result in losses.
Over the chaos there is only one thing worth attention: the footprints of the big money. You can see them from time to time. Not with your indicators or with any technical stuff. Your non biased mind will see it through the clouds and smoke and blood and cries and arrogance and theories and lies and illusions and...
Big money "shows" all of the time. The best thing to do is front run it. "Tells' are used for front running. You may want to follow up with a reading of Larry Harris. In particular the sections on parasitic trading and within that the sections on the anticipatory trading characteristics. Once you give consideration to the value od being "pushed" by big money, you will then see the value of using the appropriate leading signalling devices and their particular sequencing of outputs to you.
Before you trade, you must first understand Order Flow, and what happens when The Generals decide to place / adjust some big positions in the market. This is the start of the game, and most players don't even know about it, and they then wonder why it is the market seems to always go against them, very shortly after they are filled.
Imagine is now the head acolyte.
He will now lead all the nOObs to the promised land (he might need leash for ozzietrader, but he will come along also).
elite46 will stand by, observing the converts as they shuffle along, tending to their needs as the case may be.
When everyone reaches their journey's end, elite46 will then administer his kool-aid, and peace will be found by all.
So it has been spoken, so it shall be.
JJ
He will now lead all the nOObs to the promised land (he might need leash for ozzietrader, but he will come along also).
elite46 will stand by, observing the converts as they shuffle along, tending to their needs as the case may be.
When everyone reaches their journey's end, elite46 will then administer his kool-aid, and peace will be found by all.
So it has been spoken, so it shall be.
JJ
If you wish to save time, under your account, edit options, one can specify how many posts are to be included per page. The maximum is 40. This thread is 8 pages long seeing it this way.
btw, Mr. elite34 style is starting to remind me about other threads in which lack of focus becomes evident and the essence of the discussion is "lost in translation". On purpose or not, time is of the essence in every encounter. Thanks.
No seriously, good job.
You've put a lot of effort into summarizing something which I honstely belive is just some guy getting his jollies off in some internet forum (for certain personalities, this can be considered to be fun
), but for yours and whoever else wants to seriously learn something here, I hope not.Jimmy Jam