We are warming up for Labor day.
THIS IS AN IMPORTANT POST
I want all intermediates to
1. shift to the 5, ,2, 3 Stochastic.
2. Link all trades from now on. 5, 2, 3 gives you "change" signals and it is "backed" by MACD sequence. The MACD sequence xover (third signal) is the most conservative to use. The 2 in the 5, 2, 3 is a smoother so do not reverse (this is the technique to "link"-- exit then enter) with a hair trigger.
3. Stay on the 5 min.
4. Be sure to do channel point 1, 2, 3. and new piont 3 if it is there.
5. Offset stops(REVERSAL STOP) are 4 back at all times. All stops are reversal stops from now on as well. If the channel you are in (and it will be wide one) goes into a midday congestion, convergence and centering, you will find your successive stop log ntries actually move you right up to the centering value off set four. Now get this: this is an automatic bracket for CCC. If the BO comes and the trend resumes you are in. If the BO is opposite the trend you reverse on the stop being hit.
General comments.
By linking the exits and entries I am taking intermediates to continuous trading. You make money slowly and steadily from here on in.
This is where we step out beyond the daily H/L range value. I know that there is in ET a mental ceiling (See posts by girlpower on this and all her other subjects). We will be applying a coeficient to the H/L daily range and it is greater that 1.000.
The last round of crap by baggerlord (vote today on his new poll, to get it past 50% because I am tired of the fraud business) and electron(wi9ll be starting jounal on 5 set ups soon) got responses showing several people here are getting to two digits per day on points. 10 points a day in the summer is terrific during a start up transition in becoming an expert trader.
Note: I will be posting beginner/intermediate charts in the jounals of these guys for each one they post. Baggerlod flipped out of ES into YM on a 3 minute (not recommended). So If you trade YM you will see how to use this stuff (without stoc, even --until he adds it). I checked out the five set ups electron will be using; they overlap baggerlord.
This set of 5 elements for intermediate linked trading continuously is a big step to KISS. The experts here already have this going and are slaloming inside the channels at times when flaws take them to "change". The intermediate linking is invoking "change" just at trend ends. When a new trend resumes, the intermediate is just going through the stop log and being 4 back as a conservative stop. This offset puts you bach into "continuation" mode as a de facto setting.
This is an important posting. I am slipping in comprehensive important posts elsewhere as well. All are in specific response to ET people who are making strong efforts to contribute substantive content to ET in very important focussed themes.
Be cause MM has really messed with a lot of niave people here, I am burying his investment appproach with tabulations of it's self destruction now that it is in acceleration towards self destruct. I do not think it is fair to let niave people get any ideas from approach that are fragmentary.
Attached is a YM chart for the two trends of the day.
