johnw

gm mitsubshi, Well, you have managed to describe the negatively charged space that your mind occupies in a far more descriptive manner than my post #57.... it really is a look under your hood. Of course a part of the world exists as you describe it ... but why do you chose to place yourself at the center of it...

gm mitsubishi, This is an interesting ' look under the hood' that you are giving us... your hood that is. Firstly, BS, be it political or religion, upsets your equilibrium and now American foreign policy is the root cause of your fears... this what you write in your posts. Both of these conditions are perfectly reasonable and both of them lie safely outside your ability to change them. In other words, in your current state you feel both safe and powerless simultaneously and therefore you see no reason to change. After all, there will always be BS in the world and America will always have a piece of foreign policy that you find distasteful and so you have a life times ammunition. What does it take for a Person to change? 'Desire' ... that is all it takes ...'a desire to change' Change doesn't require a loss of money, nor does it ask for pain or grief or ill health or any other negative or distressful condition. All 'Change' requires is the desire to change to get the ball rolling. How hard can that be?

So this is how you got rid of your fear mitsubishi ... through hypnotism What are you afraid of?

How did you get rid of fear mitsubishi

Good idea. Is this your " incredibly simple solutions" to quote your words. How did you " Get rid of fear"

Interesting point of view MM, I think you have made some good points. What simple solutions do you have in mind " to excel at trading without having to delve into the inner workings of your subconscious or trace back your cells to when they swam in a primordial soup."

GM Mitsubishi Are we detecting a hint of anger in your posts ... is there something about BS that upsets your equilibrium?

GM Mitsubishi, " There are none more blind than those who cannot see" Don't you really mean "Trade what is REAL" What you can see is not necessarily what is real ... it is a false assumption to link one to the other ... in fact it is a disaster in the making.

Well, you seem to have got to the heart of the matter Dude. an inconsistent emotional approach = inconsistent results Perhaps this is the reason that People spend so much time chasing the 'holy grail' It is not to make a fortune, but to escape the reality of facing themselves... even when consciously they fail to appreciate this situation. 'I have met the enemy and the enemy is me' .... this is a very good starting point

[quote name=wrbtrader;135031 Therefore' date=' all profitable traders have an edge ................................ Yes, of course ... that is my point entirely .... if we take care of the important things first, the 'edge' drops into place. What shape it takes is can only be relevant to the Individual Consistently Profitable Trader and quite frankly I don't imagine he/she really cares since they are beyond that point. The 'edge' however does matter to People who are still struggling ... and I don't say this in an unkindly manner.

Hi TZ, Yes, of course a trading method needs a mathematical edge ...that is like saying a car needs gas in the tank before ir will run. Identifying an 'edge' is not difficult, but applying it consistently is another story entirely. That is why I say that a Trader must free him/herself of all self delusion first, before charging into the market ...that is 'the context' that you are talking about. It is the same in any applied field. Observe how the Navy trains Seals, the Air Force trains Combat Pilots, Senseis train Martial Artists ... first they remove any sense of Self Delusion and then and only then they apply the training. If you want to see Self Delusion in action and the mess that it creates on a grand scale, just take a look a Politics and the current crop of Politicians.

Interesting response TZ. Although there are several methods (techniques) of trading say the ES, essentially they amount to the same thing. ....Buy as price is about to rise and sell as price is about to fall.... When we accept this premise, then the challenge becomes a philosophical one, not a mathematical one as a heck of a lot of people seem think. I say this because of the nature of the questions that People ask here on ET many of which end up in spirited debates... very sadly it is like watching the tail wag the donkey. My belief, which I have stated before on ET, is that Retail trading is 80% physiological, 18% market knowledge and 2% mathematics. The first two (physiology and knowledge) should be rolled together and it is from here that we determine our philosophy from which we will trade ..... everything we learn about The Market and about Our-self must be tested for delusion .... either we are correct about Our-self and about the Market or we are wallowing in delusion and we must try again, going back to square one until we succeed. As a result of this exercise, the actual mechanics of how we trade will become self evident and are by and large tailored to The Traders style. But the outcome is the same. Numbers like 90%+ failure rate and 10,000 hours screen time have no meaning since we are one single person and we will develop at our own pace.

Hi TZ, Yes, I am describing a realisation and yes it flows directly into an 'edge' that exists each and every day. You appear to me to be thinking of the overall behaviour of the day when you write 'trend/bracket/congestion and etc..' I have no interest in this behaviour until the day becomes yesterday, in which case it may have some influence on how today trades out.... Primarily I am only interested in each Price Wave and that is what I trade. Some days present more trade-able PWs to me than others, but on days that present fewer PWs, they tend to be longer in duration. TZ, please consider me as a simple person who tries to relax into simplicity each day by seeing the simplicity in the things I do. This attitude neither makes me right now wrong ... it just keeps me simple.

Would you consider going long on a falling cum delta .... some people would call this 'ease of movement'

You have a very interesting piece of software jtrader, since somehow you are saying it seems to distinguish 'market orders' from 'limit orders' at each tic. Can you tell us how it does that.

Another Truism Tradezilla, I wholeheartedly agree with you. If you have the strength and courage to move yourself beyond a state of self delusion as Rande mentions, you are then in a position to view price with an OPEN MIND. Then and only then, the obvious will become obvious ..crystal clear in fact to a point where you wonder what all the fuss is about... If you think you have moved beyond delusion but you still cannot see the puzzle then you have simply deluded yourself yet again... so back to square one. But when you suddenly see Price in an entirely different light and your view of price does not shift from one day to the next or one month/year to the next then ... This is your EDGE. This is what you can count on all day and everyday if you are day trading ES and others. All you have to do is to maintain your state of OPEN MINDEDNESS all day and every day and your edge will do the work. Is this possible ... and if so, is this difficult. The answer is no and yes if you are inclined to think this way. Or the answer is yes and no if you are prepared to commit yourself to change ... radial life altering change.

You have hit it in a nutshell Tim. 90% of Traders fail because they listen, read and learn from the 90% of failed Traders that have gone before them. Sadly, this truism is why Sites like this one are breeding grounds for failure. All the ingredients for success lie within this Site wrapped up in a handful of posts and carefully hidden in plain view ...

Hello Traduk, I don't think that we at cross purposes at all, judging from this latest post from you.... I think that we are on a completely different journeys. Incidentally, I have no idea why you would think I use V5333 bars. If you have formed an opinion against the use of volume bars, then would it not be rational to join a volume bar thread and share your opinion with other CVB Posters.

My apologies if I have injured your feelings Traduk, it was not my intention.

Gm Traduk, If by Delta you are referring to the difference between vol bid and vol ask, then I would suggest you read my post again ... namely ''and you can measure the speeds [momentum] and calculate their Delta to assist you'' This being the case, then you are guilty of the unforgivable crime of reading through my words thus implanting an incorrect assumption within your magnificent mind. 'Delta' is a simple mathematical expression for 'difference' but it seems that it has joined a growing list of hijacked words. What I am talking about is a phenomena of the action that is in front of every person watching price on their screen.... that is why I wrote that bar size is of no particular importance, although I do use CVBars during the session ....however this action repeats itself on weekly, daily, intraday charts.

May I ask what is the appropriate method

No takers, well never mind. The reason I mention it is because there has been some discussion concerning 'Trend' ... when it starts, when it stops and how to spot it before it disappears off the map. If you think about it, the people at the bottom of the price bar act in a manner that is somewhat different to those folks at the top of the bar and it is this difference that is of interest to me If price is rising and making HL then it will remain trapped until it clears a Supply Zone. When this occurs it is in 'open skies' ... please note I wrote 'clears a Supply Zone' I did not write that it penetrates a Supply Zone This is all very well in hindsight but what about the 'hard right edge' If price is rising it is because it is being pulled-up by new tics, each higher than the last. This is done by the guys at the price bar high ... so imagine the surprise of the guys from the bottom of the bar when they go hurtling past ... unless something is done quickly to remedy this situation, price will enter into a spin much like a car would when it's rear end is traveling faster than it's front end. In the same manner as the car, the price bar is spun on it's axis and even if it is still traveling upwards or sideways, the momentum has changed. This is one very effective way you can see the end of a price wave and the formation of a new reversal wave and you can measure the speeds [momentum] and calculate their Delta to assist you Anyway, this just a thought for some of you. Apologies "humble" you entered your post as I was writing mine

If I were to say to you that the LOW of the bars in ES are currently more volatile than the HIGH of the bars ....what would you make of this. Never mind the size of the bars, but the bars are formed by Constant Volume so they are reflecting the Order Flow through the Exchange.

"Living and trading to our potential" This is difficult to quantify IMO, but by no means impossible if it is a natural fit for you to continually 'push the boundaries' I do not mean that you should be getting all hot and sweaty, in fact I am referring to the opposite. What I am trying to describe is that state you enter when you relax into your life and trading and make the moments count as though time as we know it stands still. How can we measure such an event .... In sports, living up to your potential is measured by either rolling back your PBs [personal best] or playing consistently to it once the known extreme of a particular sport is reached. In trading, perhaps your measure is to watch your daily net tic count per contract increase week by week, month by month. ... this is my ultimate desire and every other statistic is a sub part of this number as far as I am concerned. In life, it may be how Friends and Family react when they are within your company ... how Strangers treat you may be another good measure. After a while of relaxing into your potential, any desire to make measurements simply fades away... it is not a conscious decision ... it just fades away Back to trading for a moment ..... one measurement that never fades away is this .. I always calculate my net tics per contract each day, week and month ... it is one of two gauges I have... The other gauge is the answer to the question "am I still enjoying myself"

gosu You are going to have to explain this to me. Please explain in simple terms because I am a simple man regards