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zdo

Market Wizard
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Posts posted by zdo

  1. Posted

    More than one of the 'talented' tape readers I had requested some teaching from over the years replied with "it can't be taught", or "I don't know how I could explain it to you". At first I thought they were just ducking out or being all proprietary, but over time I got to know one of them at other levels and now I believe them. Their savant brains see patterns in the flow of digits for which they can provide no verbal representation of to 'normals'... you probably haven't met one because there aren't many of them on the planet...

    Like most other trading niche skills, knowing the conditions in which to read / play is just as important as the skill itself.

  4. Posted

    BF,

     

    It can be learned by anyone... but it is a 'skill position' - not everyone can be good at it and few can excel... as I posted elsewhere

     

    tapereading requires

    1 a certain aptitude / talent . It doesn’t require extreme ‘autism’ but it does require a natural degree of ‘savant’

    2 a natural fascination / attraction to it

    3 then a lot of screen time and development of execution skills

    (4 and most likely, to be an adept at it, it requires an early start at it in one’s career – a la Tiger Woods )

     

    These days, with programmable graphing capabilities, ‘visual tape reading’ is becoming more feasible. ie one does not have to be a digits freak to ‘tape read’

     

    http://www.traderslaboratory.com/forums/f34/tape-reading-watching-for-price-rejection-85.html

  5. Posted

    Dear ADHD ADBG ;)

     

    Try Chick Goslin's Intelligent Futures Trading: Day by Day - not for his specific techniqes but to get inside his head a little bit about how to thrive at this game and to lay down some good 'fundamental skills' early in your development

     

    zdo

  6. Posted

    FF,

     

    I believe you can get a trial of the product (and trial version may be slightly crippled btw). Join the Transparent forum and download it from there. It's called DTZM and the forum and instructions show you how to 'step' through the phases like the Holosynch's ...but you may need to be a registered NP owner first... don't know...

     

    I would advise most to start with NeuroProgrammer. But for some, their next step up - MindWorkStation - may be the ticket because you can incorporate (limited) biofeedback with sessions.

     

    btw - I got nothing against Bill Harris or Holosynch products at all. He's a great human being! It's like with trading systems though, very few of the purchasers are going to be a natural fit - so why spend all that money when you can trial it for a lot less and also have a tool in NP to work on many other things as well.

     

    hth,

     

    zdo

  7. Posted

    Hi,

     

    re "binaural beats " yes you can do binaurals but for some applications that is passe'

     

    re Holosync. A user has done a great deal of research and has created "Deeper Than A Zen Monk" downloadable which with the bells he recommends is technically and aesthetically a freakn facsmile of Holosync - at a savings of almost $2000.00 USD

     

    re 'hynosis' It comes with a bunch of built in sessions - including hypnosis induction like Trading Mind to which you can easily add your own scripts using your own voice, a text to speech voice, or a friend who has a 'hypnotic' voice...

     

    I find running a variety of sessions is best for me - like physical workout 3 times a week whether I 'need' it or not...

     

    From the provided sessions or from scratch, you can modify them to do just about any entrainment (or 'untrainment', btw) frequencies you want.

     

    Excellent online community - both technically and 'growthfully'

     

    got gamma? ;)

     

    zdo

  8. Posted

    When it first came out, I loved the concept of Trading Mind.

    However I found the content of the suggestions to be so lame and limiting that I sent them back...

     

    Bang for the buck, I have found no product out there that beats NeuroProgrammerX.x by Transparent Corp.

    (ps - am a consumer only, have no commercial or ... yada yada)

     

    All the best,

     

    zdo

  9. Posted

    After a few months of banging head against the same type of issues, did a major re-write of everything to do market orders only in TS automation - no limit orders no stop orders - entry or exit.

    The next, (quite enjoyable, btw) challenge was to engineer enough 'positive' slippage (loose with terminology) to compensate for new slippage issues that arose with market orders.

    hth

  10. Posted

    i know that i am gonna get all kinds of hate mail, but don't confuse the method with the madness.

     

    money management is not psychology. money management is risk management.

     

    psychology is dealing with the fear and inability to follow the strategy that you determine to trade.

     

    bootstrap,

     

    Maybe my question wasn't clear. I wasn't confusing 'Psychology' with Money Management. Psychology is not on your list / sequences. The gurus have been saying ‘edge’ first / ‘fears’ last. My question was - if Psychology was on your new list, where would it go?

     

    thx

     

    zdo

  12. Posted

    This has been the most fun and exciting trading I have had since the mid 80's

    My usual 'representations' / 'indicators' have been sufficiently adaptive (with understandable but consistent overruns of course)...and I dusted off a couple latent methods and styles from the old days

    Basically, I have been running wide open at pretty heavy size 5 to 6 hours a day for the almost a month now. Only losing day was Oct 3 - some days I can't actively trade my way out of a wet paper bag and that was one of them. Otherwise simply amazing, incredible. Was 'proud' the first few days - that has given way to feeling blessed and grateful... I could stand weeks and weeks more of this but am prepared for it to suddenly and / or gradually be over

    Major adjustments made -

    1 went to one time frame only,

    2 widened stops considerably

    3 worked a little on being more patient to let moves complete before acting. ie no stepping in front of trains

    4 in execution increasing reliance on market orders (eg in more 'normal' conditions would be concerned to keep an ES point - in these conditions willing to give up a point to keep 9 or more etc.)

  15. Posted

    crock part? BigBoys (hereinafter referred to as bb’s) .

    I don’t really know what Wycoff’s position is on bb’s. I do know he lived in a time of blatant ‘operators’, but whether he ‘controlled’ for that (in the scientific experiment use of the term) or participated / capitalized on it - I don’t know. We do know for sure that vsar Williams started with a strong ‘syndicate / operator’ campaign orientation. Might vsars, including Williams himself, have unconsciously turned what was to be a way of identifying ‘campaigns’ into a ‘simple’ trading technique? That gradually, users (both wetwired and computerized) are ‘crocking’ up the underlying premises of vsar ?

     

    In this forum; s&d posters, db in particular, have made a good case over and over that the “who” doesn’t matter – or more accurately perhaps, that knowing the ‘who’ is not necessary to trade s&d. For general trades, I can buy that. Activity is activity - especially for short holding periods. But having observed in real crazy people that there is some truth underlying each paranoia… I wonder ??? Here is a story…

     

    Arriving at the Exchange amid frantic speculation on the outcome of the battle, Nathan took up his usual position beside the famous 'Rothschild Pillar.' Without a sign of emotion, without the slightest change of facial expression the stony-faced, flint eyed chief of the House of Rothschild gave a predetermined signal to his agents who were stationed nearby.

    Rothschild agents immediately began to dump consuls on the market. As hundred of thousands of dollars worth of consuls poured onto the market their value started to slide. Then they began to plummet.

    Nathan continued to lean against 'his' pillar, emotionless, expressionless. He continued to sell, and sell and sell. Consuls kept on falling. Word began to sweep through the Stock Exchange: "Rothschild knows." "Rothschild knows." "Wellington has lost at Waterloo."

    The selling turned into a panic as people rushed to unload their 'worthless' consuls or paper money for gold and silver in the hope of retaining at least part of their wealth. Consuls continued their nosedive towards oblivion. After several hours of feverish trading the consul lay in ruins. It was selling for about five cents on the dollar.

    Nathan Rothschild, emotionless as ever, still leaned against his pillar. He continued to give subtle signals. But these signals were different. They were so subtly different that only the highly trained Rothschild agents could detect the change. On the cue from their boss, dozens of Rothschild agents made their way to the order desks around the Exchange and bought every consul in sight for just a 'song'!

     

    http://www.rumormillnews.com/cgi-bin/archive.cgi/noframes/read/39506

  16. Posted

    No.

    But we should understand - Commercial banks had no choice. “In a time of state-sponsored easy credit all projects get financed by incautious banks with cheap, centrally supplied money. There is no market for cautiously lent money, priced correctly for the risk involved. Why would anyone pay more for funds from a cautious bank when cheaper funds are available from easier sources?” Paul Tustain. Compound that with ‘bureaucratic’ / ‘legal’ pressures to make loans to anyone who wanted to own a house… Heck, under those circumstances, I can’t even blame top level execs for demanding ‘no – lose’ compensation packages.

  17. Posted

    ...I think I must be misunderstanding how the stop loss code works then - I assumed at the time of the order being placed, the stop would be associated with the order. Looking at the code, that clearly can't be the case, as the stop loss command doesn't reference the order.

     

    I'm now slightly confused how to open multiple orders, and have different profit and stop values for different orders!

     

    Is this possible? Is it possible to link the profit / stop commands to the order?

     

    First, 'get it' that (exit) orders are continously 'cancelled' and re-entered in TS. :doh:

     

    Then re multiple orders and linking exits to that position

    you can name posititions and use the names in the exits

    and / or

    you can use reserve words like SetStopContract

    and / or

    run separate / stand alone exit strategies

    and / or ...

     

    hth... this post only cost me $3000 so far...:cool:

  18. Posted

    If you KNOW you are going to be a full time independent trader and nothing else, take jock courses so you will have time for Screentime 101 - 401, PersonalEdgeFinding 101 - 401, Backtesting 101 - 401, PainManagement 101 - 401, Perseverence 101 - 401, and whatever other trading 'coursework' you will need :) If you have any leaning towards having a trading mentor - do it now.

     

    Pick a court game - tennis, raquetball, handball, even table tennis - and get good at it.

    Take fencing if it's available.

     

    If you don't understand programming - take courses until you do

    If you don't understand accounting - take 101

    If you don't understand finance - ditto

    Same for economics, statistics, psychology, etc

    and ...these only if you have obvious gaps in understanding - otherwise don't waste your time.

     

    If you don't KNOW you are going to be a full time independent trader major in the field supportive of your most likely career and minor in liberal arts classics, subjects that over time you'll appreciate they really round out your 'brains'

     

    "Never let school get in the way of your education" Mark Twain

  21. Posted

    ... it's a tell that people are fading and/or taking profits and this move might have run out of steam for the time being... but the point is that time frame can be irrelevant if you look at it the right way.

     

    sdoma,

     

    Excellent observations and description of that dynamic! Not that pertinent to classic / theoretical VSA bb operations but still I appreciate your insights. Btw, Bearbull, the following addresses your most recent comments. Not to the same extent but, imo, these following comments could apply to Wycoff patterns as well...

    My point was that the real ‘tracks’ of bb’s operations only put in an appearance on one time frame, all the other concurrent (or not) tracks that happen to show up on the timeframes above and below are incidental. So while VSA is as theoretically sound as, say, more generalized ‘Wycoff’, assuming and teaching that every ‘tell’ on every time frame is indicative of the current campaign in play is crock

     

    re your observations - What percentage of occurences do you find your volume studies on compressing range bars to be contrary to non volume based ‘indications’ on same compressing range bars?

     

    zdo

  23. Posted

    Crock pots (sp)

     

    Those who are of the persuasion that VSA is simultaneously working on all time frames, including those that think one can find a pattern on the daily, then drop to an hourly and find a pattern, then go line one up on a 5 min (common timeframes selected for example only) for an entry trigger may be deluding themselves. In my experience, the principles the bb ‘operators’ are applying are only functional for one time frame in each situation. The other patterns that show up above or below the ‘live’ time frame are as ‘random’ as any other indicator. Basically, an elite VSA trader will have to either be able to identify which time frame is ‘in play’ for the current campaign OR stick with one time frame and on that one learn to discern which of the setups have the ‘guns’ really behind it in real time. That is one of the crock pots of VSA :) imo

     

    Also, VSA’rs who say that the underlying bb phases are invariably operable are banking on a tendency that is simply not there and are creating another crock part… (got the spelling right this time). The bb’s must maintain a certain feeling of control within their risk parameters. Certain times are simply not business as usual. Market conditions (such as those we are in now) most likely have fewer bb’s looking for a place to accumulate, etc. ( not to say there aren’t great opportunities for those with a larger risk / drawdown tolerance yada yada). Basically in contagions, etc, more of them will step aside - so campaigns will have variable force, not invariable force as the ‘masters’ hint at.

     

    Finally (maybe), the method fits traders with certain mental processing propensities. Other traders with slightly different perceptual and processing propensities can and have developed the same abilities to ‘discern’ using obv, tick money flow, traditional wycoff, trin, vix, etc. etc. To some, any of the methods just listed are crock – even though others are doing just fine with them… just some thoughts…

  24. Posted

    Couldn't you just get the top of the line gamming computer? Lots of speed and great graphics. I don't know but an Alien Ware.

     

    Yes a good 'gaming' machine will do fine - but most of them are overpriced.

    400 USD + for case and power supply prorated is ridiculus - most of that could be plowed into a better motherboard or more display real estate or UPS or etc...

    you end up paying too much premium for overclocking and bling imo

     

    TraderBG, sorry to hear about that. Did you purchase near top of the line components and check all the little compatability issues before ordering?

  25. Posted

    januson, you have given out far too much information ;)

    if 730 is the strike it is deep in the money :confused: etc

    With all this information - you would be better off donating the premium to charity and paper trading it.:)

    In general though, you are better off selling premium than you are buying premium... just as over the long haul you are better off selling insurance than you are buying it...

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