Okay i am doing these in bursts as time premits.
Lets set up he MACD for Tampa.
Don't use any signals between +1 and -1 on the 5 min. Don't use the 1 min for anything for a while.
divide the MACD signals into two groups: "entwined" and combos of convergence, xo (crossover), divergence all outside the +1 to -1 tapeout.
"entwined" inside +1/-1 (+/-1) count as congestion, convergence and centing. When centering occurs i will get you in but that comes later.
"entwining" outside of +/-1 is an "away" trend. All trends are tradable. The further "away" the stronger the money velocity.
Exit on divergence out of "entwining" as long as it is to the +/-1 tape. This makes the fast line "inside" (nearer) 0. If there is just an offset, stay in the trade.
Okay now for the sequence : convergence, xo, and divergence.
as you see this, reverse. You are AWAY (greater than +/-1 on the 5 min. Youcan choose to reverse as fast line gets most away (peak or trough), next when convergence starts, next when xo, next when divergence. I don't care for now. The rule is wait until you are comfortable. My rule is "make money".
NOW. You must go the the slowest fractal to do this. I knoww that you have to recalibrate the Tape and the "away" values. Get with it and do that.
Today, march to 15 min and 30 min and just sit in a short from the open. If you look at the 5 min just see the MACD weaving along "away" short in a range. Do not crap out every time it hits-.5. Go back to the15 or 30 min and relax so you can't see it on the 5 min. You aren't even thinking of going to the one min.
Now my review. isuggested going to slower fractal several days ago. I showed the "tape" channel on the 15 and 30 min, then the second day we had to go to 30 and 60 to see tape channel.
Tape channel means the bars filled the channel.
Today we are on a nice 15 min tape channel.
Why can't I get tampa off the one min?? If making money is able to intefer with his thoughts, then he will go to the slower fractals and calibrate the MACD.
For rocket folk, you are in heaven on the longer bar fractals. All trends look like rockets amd now you can just go there and soak up the money.
BUT, you can never start to learn to trade there on the 15, 30 ,and 60. The reasons are clear, you do not have enough capital. You do not know about protective stops. You do not know how to perscieve ends of trends. And the slower fractal trends you see are not fast paced short profitable trades to make money and learn to SIDELINE.
On the slower fractals the money velocity is much smaller. It takes more time to make money.
It is best to make money fast and wait for another chance as a beginner.
My first try with Tamps to boost his money velocity was to make him and "iceberg" intermediate. This present attempt is the same thing using MACD on slower fractals.
What I am trying to do is this: He doesn't go for Stoc rockets; he has a hair trigger on MACD 1 min which is exit oriented from loosing in the past. I need to make him back a lot of lost money in the past. This is to get an even keel in the picture. Once we get past hair trigger exits, we make money.
See how the point 3 thing worked for some people here. There was a feeling that they could focus on do9ing something that distracted them from hair trigger exits. It was finding the trend. getting points 1,2,3 allow you to see a trend.
I showed hoe the volume pick up took you back into making money. I repeated it again to do the "two step" on point 3. THe airplane takeoff axample.
Here we are looking at several days of world conditions being a steady drag on the equities markets which reflect into the day trading ranges of the futures indexes.
We trade several times a day and we don't care about the world. BUT by looking at the longer duration fractals, we can relax and enjoy the trip.
this does bring up protctive stops. and it does bring up calibrating the absolute type indicators and their signals.
So be it. we can do what is required anythime something comes up. you will get the picture soon enough that all things lead to a KISS operation through one simple consideration: you know what you are doing and it is simple. It is the "I don't know what he's talking about" that appears just before you do "know what he's talking about" and it is very easy at that point, kind of feeling that you constantly have. I know tough sentence to read.
We are just moving up a little in intellectual thought bites. I'm the type of person that people request a continuation of classes after graduation so they can finish up a few things. It turns out you never do get finished.
Lets make some money here. hang in there longer on your trades.
For beginner rocket traders, you can sneak up to the 15 to not exit quite so soon if you have already doubled your money.
For disciplined rocket beginners, who have doubled, you can do 2 contracts now.
alian there is little congestion for you to revese and slalom innoa days. make a note of that.
Note that the deterioration of world conditions even further is taking a lot of the normal congestion out of the mid day.
When you see Bush play the religion card, you can expect the trump card to come from the other side as it did on Monday in Egypt where the scholars operate.
The econometric model on all of this is devistating. Not many academic web sites are current on this stuff as yet. (Footnote: I have done econometric modelling for the top ops starting over 40 years ago)
