Quote from oddiduro:
Jack,
Should we have gone in on sync into the short rocket, even without the MACD?
Thanks
Oddi
Here is the key.
Our preflight set 985 as S.
We do go in if we have all the signals. THE MACD is really "AWAY" and it is saying that the rate of money velocity is very high. The Divergence is not there. Divergence is a signal of putting your foot on the gas. So all in all we are at a high speed and not accelerating.
We did not have all the signals. Acceration missing.
We drove into a brick wall called S (support).
As usual a rocket takes you to S or R. When we get there we have consolidation in the form of CCC.
The brackets that you set did not get you in.
Summertime, Friday and on the S with two reports coming up (labor and manufacturing).
Final comment: When you are riding in a channel, you can be in any place in that channel. For some experts, I know you see this as an "away" side of channel set up and we are at terminal velocity. It was a 7 point run and slammed through the S by five points. I know you factored in high volume and the corresponding volatility of the consistent price rythm.
If and only if you noted 100% of these items above, and you have six digits running now, through laying off stuff above 5 contracts, then and only then can you go for the gold. You have every right too.
The box we built here is quite complete. I just insist that you treat risk from a success and consciousness viepoint. when you make money you get rights. when you make money you become very conscious of these successes and they imprint. I insist as I do to prevent garbage from cluttering stuff up. for what ever reason, you can see that failures to make money really stick with people. Failure means that the next successful step is carved out in a new way. It has to be a shorter step and really work. People do the fight or flee thing. It is very hard to not flee. If you fight, then it is difficult to win because it is required that the step be a short fighting place. There is a funky guy here. I am observing his step height as he begins each time after severe failure.
I strive very hard to keep failures at a mnimum. The prime reason is being able to forego a recovery period.
Notice as baggerford fails (washing is his current nemisis); he is good in persistence only from the viewpoint of his increasing focus on his difficulty (ies). He is absolutely focused on "limit"; it appears to be a price limit. Choosing the right pendulum is a "time" limiting thing. The baggerford issue is NLP fear pictures.
He had losses. He had some wins with changed method. He quit second job that covered losses. I regard this as inappropriate behavior coming from a particular belief system that is marginal. New method; no back up job for losses. Now, I am his something or other to spend energy on. Here is what I have done to him: I posted here and ,briefly I did ask him to work to answer some of his questions to me. I stopped. It was inappropriate of me to assume he would work. We are working out of this by his not getting suitable answers (there are none) and him doing a "fruity Pebble" sequence.