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zdo
Market Wizard-
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Everything posted by zdo
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[ame=http://www.youtube.com/watch?v=1_XLud78dLE&feature=player_embedded]YouTube - Larry Williams What It Takes To Be A Winning Trader[/ame]
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BF, re :" 'walls' on the DOM " If you have time and energy for it could you please expand and or illustrate this. Many thanks. zdo
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Line Changes: None Position Changes: None. Still short net 25% allocated ~10980 Jun, Stop losses at ~ 11210 Jun Order Changes: None Comments: …reminder - am ‘supposed’ to be short 100% net allocated all the time in this position… …reminder – Trend Lines are placed to hold - Stay Lines are placed to be broken
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Mentioned many of these areas of work in this cluster of posts. On a very important level the work was getting to where I embodied the understanding that my spirit will not invest in or abide in compromise…Mind, body, maybe even soul, will – but not “my” spirit… Close to that level, it required a lot of ‘clearing’ – trauma clearing, energy clearing, …his methods aside, Eckhart Tolle does as good a job as anybody else describing this stuff in modern western verbiage… Pragmatically, the work was racking up the hours learning to put myself right back into those same very painful situations until I ‘got’ it. Behaviorists would call it self behavior mod, desensitization, etc… but I know I certainly didn’t experience it in those terms…a therapist might say I had gotten really proficient at ‘just right distancing’, etc. … but I know I certainly didn’t experience it in those terms…Btw, I personally made many ‘mistakes’ along the way in this regard – sometimes taking on too much perceived pain, sometimes taking it way too easy (“…if you’re comfortable, you’re not going fast enough” Mario). Some areas of the work can’t be mentioned because I am now, unfortunately, out of touch with them. Now it’s just a story - “Success [and failure, brackets mine] kill knowledge” I could try, a Soros could try, a street derelect could try - but none of us could really verbalize or prioritize the real serial and parallel, etc factors that got us where we are…just stories. You can get valuable tips and tricks from others – but the real work is all yours. Keep searching for the ‘right’ questions – the question is the answer. hth “Nevermind you can't walk into the same river twice. You can't walk into the same river once!”
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Line Changes: None except extending Green Stay Line horizontally. Position Changes: None. Still short net 25% allocated ~10980 Jun, Stop losses at ~ 11210 Jun Order Changes: None Comments: Came within 2 ticks of starting to get stopped out yesterday…
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Line Changes: Brought Active Green Stay Line down some. See comments below about placement. Position Changes: Short net 25% allocated ~10980 Jun Order Changes: Placed stop losses at ~ 11210 Jun Comments: Haven’t put much work into the original placement of a StayLine ! especially when there in no appropriate recent pivot to start from… Been blogging and posting about these StayLines for months with no occasion (yet) to actually apply them… patience… Been ‘discussing’ rates a little bit… Opinion pieces I ran into Bonds Nowhere To Go But Down | Sol Palha | Safehaven.com & Marty Chenard
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Line Changes: None Position Changes: None. Flat Order Changes: Moved Sell stops in to ~10980 to go short net 25% allocated
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Recommendations Fof Trading Programs for Someone Starting Out
zdo replied to Trader Nick's topic in Beginners Forum
TradeStation is worthy of consideration. The order entry "Matrix" is adequate. I'm not so enamored with the TradeManager / accounting interface... but all of these things are subject to individual taste and needs anyway. Charting excellent (for most formats/frames). Good for prototyping and testing. Most likely you can get a free month trial by just asking. Platform monthly fee is waived by doing a minimum number of trades. hth -
Line Changes: Shortened length of Active Red Line by 1 bar. Position Changes: None. Flat Order Changes: Moved Sell stops to ~10930 to go short net 25% allocated. Comments: Two charts attached. 4/19 and 4/20. Virtually identical lines. 4/19 included for completeness. Off topic crap - The Policies of Insolvency | Ty Andros | Safehaven.com
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Line Changes: Moved the next new active Red sell line down to start at this mornings lows. Same steeper angle as in Fri's chart. Position Changes: None. Flat Order Changes: Sell stops in at ~10917 to go short net 25% allocated. Comments. No time to post picture. Will post in AM
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probability “thinking” To the degree that we are out of synch with the current conditions and direction of the market, we must ‘pay up’ to stay with the market. …( this applies to all decision sourcing – discretionary to automated btw) Mark Duglus. talks about learning to functionally “think in probabilities”. Personally I had to take that a whole lot further - like freaking whole re- pigmentation, not just paint or a top stain – and totally surrender to probabilities at levels way beyond cognitive. In synch out of synch no matter – I had to totally surrender to staying with the market. Sometimes this means paying a pretty steep price and accepting some deep pain. …and, btw, screw the ‘biometrics’! 9 out of 10 feedback experts might check ‘revenge trading’ on their limited multiple choices. Rather, personally, make it really directed work on accepting the costs of being out of synch and then focusing on getting back in synch… regardless of your peptides in the moment...
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want MORE badd trading advice ? see ‘the fetters of Budhism’…. :haha:
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Caveat: This is where many, if not most, will consider this bad, “off the reservation” advice Flip it! Any time mind is focused on avoiding what it fears or judges to be negative, it simply cannot create the questions needed to properly adapt! Could the practice of trying to find WHAT’S WRONG and fix it actually be WHAT’S WRONG ? From what could be loosely labeled as a strength’s based approach, where ‘weaknesses’ are not rated with negative ‘numbers’ but start at zero and really, experientially come to mean ‘little strengths’ – budding strength lies in this condition you are experiencing, but it will not unfold if you only find problem ‘solution’… this is an effective, but not easy, part of building the proper ‘total responsibility / can’t lose’ grounding … I noticed when I played tennis (or b-ball, cards or whatever), many times I found myself behind. Instead of quitting for the day, I learned to narrow my focus to specific aspects of my game (that weren’t score related btw) and tough it out. And even when I didn’t find a way to win, at least I found a way back to effortless high performance. I had always had no trouble transferring inner skills gained from trading to help in my other games. I realized this was an opportunity to transfer some of my other game skills back into enhancing my trading performance. I learned to play from behind. Not to say there aren’t days when I shouldn’t just STOP! But those days need recognition points that aren’t based on the bottom line or ratio of most recent W/L’s … Now when I find myself smack up in one of the situations you’re describing I am at choice to synch up and play even more mistake free. It took a lot of work to get where circumstances did not determine state, (and to where I could quickly recover when I had slipped and let ‘circumstances’ determine state) , to where opportunities were not passed on because of recent results, and to where in adversity I stayed ‘loose’ but increased focused on the present game at hand (instead of taking uncentered ‘revenge’ flyers, etc etc.)
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‘skills based’ view “Motivation is the assessment between two consequences.” Eric Cobb begin to dig: Motivation as Skill: a Functional Definition of same
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a principle based perspective… First Things First Covey, Merrill, Merrill
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a creative (not rule or principle based) perspective… First, after you have read and understood the rest of the book, of course, I would refer you to the Strategic Moments chapter of The Path of Least Resistance by Robert Fritz (2nd edition) … make these very situations you are talking about grist for progress…
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Looks like FXgirl is in ‘Chicago’ , so while we’re waiting for her to show up with some good guidance, I will post some REALLY bad trading advice on this topic for anyone who has to deal with this issue. Ben, it looks like your edge development is still in flux… As the ‘edge – emphasizers’ (DBPheonix probably being the best spokesman for them on this forum) would say When you’re edge(s) are clarified many of these issues are simply non – existent… And I’m not so sure if that is really a weakness that needs to be stopped or corrected! This is one of those issues the industry has a big blanket over the whole thing - 99 out of a 100 ‘coaches’ and ‘pros’ will tell you it is a no-no, and it’s always in the top 40 of all the trading tip lists. I’m thinking it’s much more individual specific and hopefully these posts will help readers formulate the impeccable individual questions to seriously ask and answer for themselves – the question really IS the answer... … coming in as separate posts – because each of them are coming from a different perspective and are less, not more, related to each other… some will have value one day and have zero personal relevance the next day, etc… plus I can’t come back and edit / integrate them later – so we’ll just let each one stand distinct and on its own…
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Line Changes: Activated, then deactivated current Red sell line. If it breaks today will work into a position with limits next week. The next / tentative Red sell line will most likely be active right out the gate Position Changes: None. Flat Order Changes: None. Comments: 2 charts. attached. One from before opening and one from a few minutes ago. Nice first kiss of the red line. Ups the odds it will be broken. No projection as to extent though. Smoke on the water – this time for real ... cold summer? Busy day fitting this in, forgetting something else I was going to say… have a great weekend.
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Line Changes: None really. Still scooting inactive red lines around Position Changes: Stopped out. About half of it went off yesterday. The rest today. Flat Order Changes: None. Comments: Nice first kiss of StayLine, upping the odds is will be broken. But also closed there... Will likely aggressively ‘trail’ up into this rally. SP to 1200. & up to .618 retracement of the major 'correction' of last couple years... Climbing a wall of worry or climbing a wall of q.e. ?
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Line Changes: Active Green Stay Line extended horizontally. Fairly radical realignment of start/stop points of all the red lines. Note, however, that none are active / actionable at this time Position Changes: None. Short 25% net allocated at ~10890 Order Changes: None. Stop Losses remain at ~ 11,070 Jun Comments: More smoke on the water Exclusive: Second Whistleblower Emerges - A Deep Insider's Walkthru To Silver Market Manipulation | zero hedge “Better to be a warrior in the garden, than a gardener in the war”
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If you have time, could you please elaborate a bit. Thanks.
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Thanks, Blowfish. I do use both Ehler's modified and Hilbert - but only as indications to lengthen or shorten cycle duration projections (a la JMHurst type variations on nominality, etc ). But, so far for the 'acceleration of vibratory rate' questions of this thread, neither of those is sufficiently granular or 'instantaneious' at any timeframe .
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Yes - re second derivative re velocity I have basically same issues with velocity as I have with stock acceleration measures. Central tendencies may move without flitting about, but price doesn't... So a twist on the question - does anyone have algo's for 'vibratory rate' that are applicable to raw price?
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Even though the OP was a code / algo question, those are interesting questions (... and thankfully I don't know the answer(s) ) Maybe start a topic in more general areas and someone who knows can explain. The best way to kill a thread is to never start it. The second best way is to post on topic A third and rarely used way is to post off topic
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Line Changes: None Position Changes: None. Short 25% net allocated at ~10890 Order Changes: None. Stop Losses remain at ~ 11,070 Jun Comments: Extreme projections, etc … that rarely unfold that way… but still interesting… Speculative Mania Is Now At May 2000 Bubble Levels | zero hedge Disclosure: This link is unmitigated self serving manipulation ! A Simple Experiment to Disprove the Alleged Gold/Silver Price Suppression Schemes | zero hedge And - Fun in the land of the rising sun Washington's Blog