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ehorn

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Posts posted by ehorn


  1. ...I'm only interested learning how they view the markets and what kind of mindset they have...

     

    Hi Rahul,

     

    FWIW, I view the markets as fractal in nature. This fractal nature displays patterns which are identifiable. These patterns allow a trader to track the movement of price from its beginnings until its endings. This pattern is visible on all timeframes and all liquid markets.

     

    With regards to mindset, IMO, there are a few key phrases (mental and emotional) which describe a consistently successful trader's mindset:

     

    Mental:

     

    Knowing that you know - Having a method (which applies to any timeframe and any liquid market) which allows a trader to know where he/she is within a price cycle, and to know what it's beginnings and ending look like and when they arrive.

     

    Emotional:

     

    Feelings of Support, Comfort, and Confidence - Emotions signalling to the trader that he/she has a firm grasp of the trading method(s) and reinforcement which develops through continuing positive experience.


  2. You know, eventually someone is going to have to let us in on what happened in that cab...:cinema:

     

    Off topic warning:

     

    Last years Expo, 2nd day in town, a few of us are making our way back to the hotel after a fun day of festivities (now by this time in the evening I am feeling no pain - if you catch my drift... :))

     

    So we hail a cab, hop in, and tell the guy where to (~6-7 blocks away)... Now by his response, you would've thought this guy arrived in NYC one day later than me... Now I happened to be in the passengers seat and well - lets put it this way - I was somewhat dissatisfied with his keen sense of communication, direction, and efficiency of his intended route. But amazingly, after our brief chat, he somehow quickly came to his senses and found a very direct route to deliver us to our destination.

     

    lol. Good times!


  3. Thanks ehorn, careful in the vegas cabs dude.

     

    :rofl: ...Perhaps I should stay within walking distance... Hope to see you out there!

     

    couple questions:

    1. the down tape at 1115 you started a dn traverse, my view was a lower fractal sequence as I thought up needed more to complete. 1240 was my completion. care to explain your thoughts in that area?

     

    The CO sequences had me looking for completion of 2B (tape). The AM sentiment pushed a CO tape VE so we anticipate a re-cycle (back down and back up the mountain - so to speak) again and I perceived this re-cycle as being satisfied @ 11:10 ET. So since I have satisfied this sequence, I am looking for a new sequence - in this case a non-dom one to take price to PT3 of the higher fractal.

     

    So volume then begins to decline until we come to our first peak @ 11:45 (Red), followed by trough, then another (lower) peak (red) @ 11:55. So I labelled it as R2R... WMCN? This is how I perceived the area. HTH.

     

    All time Eastern and {close-of}

     

    2. if the 1605 bar was increasing volume would that change anything for you?

     

    No...


  4. Thanks :) Yup, I nailed 8 points in the AM session (entered on bar 3). I ended early, nice way to start the weekend ;)

     

    Nicely Done...

     

    My take on 2/10-2009

     

    Comments welcome :)

     

    I track the same L1 and L2 gaussians and also see the OB as SoC. All those VE's on Thursday have me leaving my options open on L3. The market will provide me the certainty needed come Monday - (IMO, This is afforded as L2 is the sweet spot for 5M ADA.) :)

    10022009.thumb.jpg.35a1fec837952a8df018bd32dc831072.jpg


  5. Is IRV=increased red volume? and is IBV=increased black volume?

     

    Thank you!

     

    That is my shorthand, yes. :)

     

    With regards to gaussians (regardless of fractal) - Think about where troughs occur in the gaussian formation.

     

    R2R 2B 2R - 2 troughs occur in this sequence

    and conversely

    B2B 2R 2B - 2 troughs here as well

     

    Also Recall, Price does not indicate the end of a trend (on any fractal)... The Volume sequences DO.

     

    HTH


  6. Questions about tape-level gaussians:

     

    In the attachment, the period from 10-10:30 is annotated as r2r2b2b, which is not a valid sequence. Should the r2r2b be one 'r' instead?

     

    Does the tape @ 13:30 really start at 13:00? How would folks in this group handle it?

     

    Any input will be appreciated.

     

     

    Cool little snippet... Here is my take.

    annotations.jpg.d585b5bc95f914f7ef6779e1f32fef01.jpg


  7. it is typically normal to see volume decline as noon ( lunchtime ) approaches. although overall volume may decline from open until noon, there still exists a price volume relationship for the context during that segment of time . Same stands for the overall volume from open until close regarding context of the price volume relationship. Common also to see the saucer shape to the entire days volume, open to close , but within that ' saucer ' exists price volume context for each container built within the day

     

    I have attached a chart which I found very informative, which lays out a "typical" session and the opportunities which exist within it.

    Money Velocity.pdf


  8. Friday 18 September 2009

     

    Your annotations are progressing nicely as you work with the foundation building blocks. Ask questions along the way (if you have them).

     

    Early on in my foundations, I kept a few snippets of encouragement which provided inspiration for me to continue the progression. I will share some here:

     

    "The trading day provides us all with examples of trades and the segways to other trades.

     

    The setting of any trading day is an incredible display of the potential of the market to deliver money to traders. The opportunity is there. It is clear and always providing output to any kind of successful trader. A vast array of successful methods are always at work harvesting profits. The H/L range of any day provides anyone with a vast excess of earning power to achieve any goal with even a low efficiency and effectiveness.

     

    Now look at what succeeding by achieving 4 points of movement per day, gets you:

     

    Nailing 4 points a day for each contract in use lets a person go from 1 contract to 10 contracts in about 40 days by doubling from 1 to 2 to 4 to 8 then adding 2 more to 10 contracts. This can only happen, however if there is knowledge, skills and experience in place. When they are, then 4 points a day is not what is being made daily. It is an entirely different picture where greater effectiveness and efficiency are at work. 4 points of price movement is in hand soon after any morning begins. 6 and 1/2 hours of seamless continuous trading every day yields a good portion of what the market offers daily. All of this happens day after day within the annotated projections you are beginning to do. You see how doing the gaussians immediately take you further towards understanding.

     

    Work very Hard."

     

    Have a nice weekend.

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