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clmacdougall
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Content Count
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Everything posted by clmacdougall
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How's about a chart in order to show us their significance. Thanks, Cory.
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Could you please tell me what "ST p2" and "IT p2" are or mean. Thanks, Cory
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N, could you please post one of your awesome VP charts! Thanks, Cory.
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wow, were you guys in for that jump?
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Any stop and scale points would be appreciated Tom, if not too busy.
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Hi Steve, why do you expect a test of 1329 sometime after lunch? Thanks
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Would I be right to say that you are trading the rotations within the previous days value area?
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What in the Sam Hill are you trying to do to us Tom? I don't want to think for myself, it hurts when I do that!!:doh: I want you to do all the thinking and then we can put you down when you make even the smallest mistake at the end of the day.
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You're right N, but the inspiration to trade from node to node is largely what trading VP offers. I believe Tom is really onto something contextually. You can see he's made an art out of a failed science (mechanical MP/VP). It's a pleasure to watch him post and I hope he does not stop. Very interesting.
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What I find difficult with the type of trading that MP/VP inspires is the amount of movement it attempts to statistically predict. There is too much that could and does go wrong with a trade like todays. In effect roztom made an incredible call of a market turn today and watched his trade disintegrate late in the day. The truth is what we saw today was due to expectations that were too large, no statistical set has enough predictive ability to outlast the market. You did a great job today Tom! Just lower the length of your call and I'm sure your statistical base will eventually catch up to your expectations. Cory
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In the midst of this rotation are you keeping your stop objective of 19.25
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Sorry, your VP would be great thanks. Cory
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N, could you please post your MP chart.
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any natural or mechanical stop that you see for this trade?
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whats your stop and target tom?
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Please explain what each of your dark and light blue areas mean,how they are created and why you trade from them. I can understand N's and roztom's use of MP and could choose to do the same if I wished. But yours I don't understand, please make it clear. Thank you.
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N, thank you so much for the post you made. Instead of asking a hundred questions, perhaps I should read the thread from the beginning. Does your thread contain the unfolding of how you contextually learned to use MP as an overall map and entry tool or is this something we merely see in the thread but aren't necessarily on the same page when it comes to understanding your interpretation? Thanks, Cory
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Tom, I must ask where you have learned your specific application of the MP methodology. Was it self taught? You are using MP info as a contextual map of the market and as an entry tool. How were you able to learn it so? Ive read "Markets and Market Logic" "141 West Jackson" "Steidlmayer on Markets 1" "Steidlmayer on Markets 2" "Markets 101" "Markets in Profile" "CBOT Market Profile Study Guide" "Mind Over Markets" & "Value Based Power Trading" I loved most of the books but could not see it as transferrable to the markets. How were you able to make this transition? N, I am in no way trying to divert your thread it's just if it's ok with you it seemed an appropriate place to ask such a question. If it's not appropriate please let me know.
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wow! great call, you can read the markets. Please don't edit your initial posts in the future as it makes your call seem more believable.
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On BabyPips there is a huge thread on the intermingling of those patterns along with fibs. Have you read it? You may find it useful.
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Have you read "Trade What You See"? The gartley and butterfly are studied exclusively. A really good book
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Very gutsy Josh. Not easy to call out your trades in front of everyone. Thanks
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An excellent post and question!! So far for me it has been a logical progression from reading well over 100 books on trading and thousands of articles. To an immense amount of thought about what it really is I am attempting to uncover and achieve as a trader. I am learning to shape my education around a style of trading that removes as much subjectivity as possible, while still realizing that speculation is about risk. My studies are about approaching the markets with as much removal of that risk as is possible while still being open to opportunities that fit my make up.
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Thank you so much for your kind reply!! I see now what you were referring to in your previous post. Do you find your indicator of choice to be the CCI?
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Perhaps you've gone mad trying to explain everything coupled together with having a terribly hard time embracing the uncertainty you need to succeed as a discretionary trader. I find you largely undecipherable except for certain instances. That is when I make my move to read someone else' comments.
