09-18-2009, 09:50 PM
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#706 |
Join Date: Jul 2009 Location: City Of Trees Thanks: 112
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| Re: The Price / Volume Relationship
Quote:
Originally Posted by rs5 » 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: Quote:
"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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