Jump to content

Welcome to the new Traders Laboratory! Please bear with us as we finish the migration over the next few days. If you find any issues, want to leave feedback, get in touch with us, or offer suggestions please post to the Support forum here.

zdo

Market Wizard
  • Content Count

    3546
  • Joined

  • Last visited

  • Days Won

    8

Everything posted by zdo

  1. Across time, experience has ‘learnt’ me that how long it will last should not be considered the most important characteristic when a trader is starting to work with “sideways” markets. Identifying when congestion is beginning is far more important information than is when it will end. ( not that "when it will end" isn’t important, btw)… In my cursory glances at your posted screenshots your Purple lags "when a sideways move is initiated" by far too many bars to be considered a fine tool. ie re the topic of congestion, folks – “Keeping it simple” won’t work well enough. Typical mistakes are >In their perceptual ‘mapping, some chronically mistake a what they label as a ‘sideways market’ with congestion, etc. etc....miscategorization of small swings as congestions, confusing ‘trading ranges’ with congestions, etc. etc. … > then in authentic congestions, insufficient depth in differentiating different types of congestions These are signs that the work has not been taken to a sufficiently granular level. NLT, not really trying to hurt your cause here – Your indicator is better than nothing. At least it doesn't appear to be making the first 'mistake' listed above. …more just trying to help and keep it real for those just getting into learning to manage their own potential in the congestion aspects of trading. One more time ... Most traders who choose to take on mastering "sideways" and then go with a "keep it simple" mindset are hurt more than they are helped - period.
  2. You ( and maybe Michael Patak too) are driving me crazy. Yesterday you clarified pretty well the capitalization thresholds for noobs and developing traders to consider. In my mind, unless you're a totally broke, ramon noodle student it's better to trade your own account - unless you need training / handholding / co-something (dependence, etc.) Previously, when I brought up the potential benefits in this program of the 'training', here's what you said Then this morning in post 39 you said mery chrismas colors dude :crap: ya'll make up your fkn minds. :doh: The combines, which i admit i don't fully understand, are the 'socialization' / tribal / training / developmental component that many - including yourself maybe - need How do those interested (/ needing that) assess the 'training' program (that doesn't exist ) for compatibility with self?
  3. Reality check PREDICTOR. Apparently, like seen from the ‘outside’, you just described the type of trader I am – but it is only apparent! Refinements/ alternatives: I developed my whole trading world around such a very granular, context first, approach. Market Typing – “identifying how the market is working "right now"” - is at the galactic center of my trading. However, profits are not made only by identifying how the market is working "right now" . Ultimately a system is applied… Profits are made by knowing which (usually) very simple system to apply from a diverse ‘portfolio’ of systems. Each of the systems in the portfolio do have statistical basis – but that statistical basis for each individual system is typically very weak if it is thrown, like in ‘real’ system trading, at every bar or day or whatever that comes along. MM nailed it "A discretionary trader who doesn't have an edge is neither a discretionary trader nor a trader at all." The “lot of information” that must be considered is for typing the market – not for making distinction on how to play the situation. Ie Rules are still required… just must become adept at switching (actually shifting weighting) between different sets of rules. And yes “The cost for this advantage is higher uncertainty.” - mostly because several of the systems actually lead the auction instead of follow And yes, it took far more work than I ever imagined…
  4. Predictor, there is likely a threshold of capitalization below which it would make sense for a developing trader to try something like TST. Have you figured that up?
  5. Tricked by numbers (btw If you don’t think you are going up against ‘masters’ when you trade… if you think this ‘industry’ is neutral.. that it is not out to get your money - then ignore the following bs about the numbers trap) Half the retail brokerage tv and print ads are about a trader fixing to use some 'numbers' to make a trading decision. They still fill days with number talk on financial tv ( … or do they? I haven’t had CNBC on in 20 years.) Here’s a major part of what’s going on with all that number crap/trap Scott Sonnon (I acutely paraphrased it, btw) (again - if you think they are not truly great… great at whelming you with numbers, news, and reports, a la http://www.traderslaboratory.com/forums/market-analysis/12470-important-fundamentals-week.html, great at sucking you into thinking the numbers are getting you at the fundamentals… then ignore.) The point? Point is – DO NOT get educated about technicals and fundamentals, etc. That’s the obvious, easy, delusional way. Take the subtle, difficult, truth oriented way. Discover and Create your own way. “He who learns must suffer. And even in our sleep, pain that cannot forget falls drop by drop upon the heart, and in our own despair, against our will, comes wisdom to us by the awful grace of God.” Aeschylus
  6. zdo

    Dume

    12/13/14/21/12/13/12/14/12 Do you know where your phytoplankton are tonight?
  7. The percentage of noob readers who really get what you just said will correlate+ and highly with the number of those noobs who survive and thrive. A while back in another thread I asserted that fundamentals had no numbers involved at all. I bet 90% of those who read that thought I was being facetious. I wasn’t. Fundamental is subjective and is in relation to quality. Technical is objective and is about quantities. Predictor mentioned “The dichotomy between technical vs fundamental is flawed..” Taking that a bit further… The dichotomy has been created and cultured ‘out there’. It’s not a dichotomy at all – until you make it one. Until you make it a dichotomy, it is simply two separate realms. If you are a noob, you don’t have to fall for the enculturation and ultimately false and misleading definitions and paradigms... and, furthermore, developing ‘skills’ at using quantities to guess at fundamentals is a trap walling you further and further away from being in touch with genuine fundamentals. Basically - those Noob traders who do not get encultured into confusing fundamentals with “guessing what effects a report or news or “dominant concern” will have on the market and price movement” have a better chance of surviving than those who do fall for such nonsense. ...and btw, if you think I’m saying what wrbtrader is calling "key market events" is useless information and can’t be utilized, then you really missed the whole point… think again.
  8. I typically prefer to stay away from biophysical parallels but - If you ever walked railroad tracks as a kid, you’ll remember that visually orienting to just the right range and peripheral scope down the track really helps you stay balanced. 'Focusing' too close or too far out increases your odds of losing balance and falling off the track.
  9. or maybe they just give us better opportunity (via more time) to see them setting up... or maybe longer time frames just result in less 'decision fatigue'
  10. zdo

    Dume

    12/12/12/21/12/12/12 “…you can’t see light coming…” light .’. fire “…you won’t see the fire until it gets here…” How many ‘forms’ of fire do you have in your world?
  11. I would advise a new trader to learn the 'one' that energizes / interests him most...
  12. Would You Use The Elliott Wave To Trade? Special Video Presentation from Bob Prechter
  13. zdo

    Dume

    Why Dume? If the likes of John Mauldin ( – historically a chronic, almost polyana , optimistic, only recently waking up, getting re-educated, realizing the “secular bear”, etc. – but somehow still seething positivity ) are talking like this Yield Shark Video Landing - Long - Mauldin Economics :spam: … Why Dume? … and if you are focused on when John Boemer will cry next and what will make him cry… and how that might effect your ES trade… the centrally-planned monetary policy farce formerly known as ‘the market’ will soon (sniksnik) start making your choices for you ! Are you preparing for dumesingularity?
  14. zdo

    Dume

    “…wars and rumors of wars…” Do you remember where you were when you first cognized that passage? Stealth wars Expanding Covert Warfare Makes Us Less Safe | Ron Paul | Safehaven.com War…goodgodyall… what is it good for? Transferring and concentrating wealth? If you on the left you would hope BO would never stoop to false flags like GW did Will The West Stage A Chemical Attack To Justify War In Syria? you would hope…until you realize he already did it several times now and that he’s just a stooge too. .http://cryptogon.com/?p=32724 I wish she would put some energy into de-sovietizing north America.
  15. zdo

    Dume

    (more) quo requires change . EconomicPolicyJournal.com: How the Government Is Coming After Your IRA and 401(k) Plan
  16. zdo

    Dume

    This is not your dad’s brain on status quo. Articles: Obama and Slavery … especially if you went to public schools '...first time zdo has mentioned slavery since the early days of Not Just Another Release thread... sht pretty soon he'll be reopening that stupid DOW _____ Spread thread..."
  17. This was just too soft and politically current for Dume so… Articles: Millionaires, Billionaires, and Teachers
  18. zdo

    Dume

    Who scares stoopid singer most? Cloward or Piven ? "The Shape Of The Next Crisis" - A Preview By Elliott's Paul Singer | ZeroHedge Elliott's Paul Singer Reveals The Thing That Scares Him Most | ZeroHedge :haha: quo on bchz
  19. zdo

    Dume

    u kaint reed al dat sht? thn yu cood jus lisn to thim tauk The Fiscal Cliff and Constitution in Crisis | Gordon Long | Safehaven.com wot iz a "displaced social contract" ? wot duz "insurmountable"' det mean? kaint thay jest rase taxs buy 400 pursent? yur stoopid dumer frend
  20. zdo

    Dume

    Propaganda = all those pre election ‘employment figures’ most don’t want to hear it, but Unemployment Is Not Going Down: The Employment Rate Has Been Under 59 Percent For 39 Months In A Row - BlackListedNews.com The Mysterious Case Of America's Negative Real Wage Growth | ZeroHedge is much closer to the truth. ... Do you know how many times the 1930's recession was 'over' before it was really over? Officially... 3 times. Unofficially, in the WSJ, ... 6 times :doh: Real Estate: Is the Bottom In, or Is This a Head-Fake? | Peak Prosperity … 2012: The Real Threat ? It?s Not What You?ve Been Told - BlackListedNews.com but that’s just societal ‘ruin’ – that ain’t dume Now this is dume … the dume of complicit two faced mayan clergy trying to weasel out of it now :rofl: End of the World? Hear the 2012 Prophecy How do you hedge your prophecies ? meanwhile… the directed stream of content flows on, just for you, quo … Vatican Seeks World Government and a New World Order
  21. zdo

    Dume

    SUIYA, re "Any solutions for the individual ... ?" pm coming... someday... since it appears you have already rejected Move your wealth off … off grid, off line, off shore, off books, off… which is so stupid only a few stupid people are doing it.
  22. zdo

    Shorten Trendline

    Have you tried date + +30 instead of date + 1 for the tl-end, then no extright ?
  23. The links below aren't ‘training’ ? ("Training" that you better be at if you expect to 'make the team' ?) Trading Program Online | Learn to Trade | TopstepTrader and Learn to Trade | Trading Program | TopstepTrader Membership /// and more... Trading Coaches | Trading Tools | TopstepTrader Trading Resources | Trading Education | TopStepTrader Trading Classes | Learn Futures Trading | TopstepTrader This isn’t ‘training’ ? fwiw, I'm generally vendor neutral - all the while broadcasting that vendors are typically a fit for far fewer 'students' than they claim... Just being a devils advocate for noobs here ... since the usual suspects haven't picked up the ball (- yet )
  24. Predictor, thanks for explaining the realities I had never heard of TST before… it looks like a good spinoff for an IB (or a ___) The questions those considering application would need to ask and answer… in light of the actual ‘returns’ for the ‘tuition’ costs – would it be worth it? Although they probably paint it like it’s the answer for everyone, their ‘training’ will ultimately reveal itself to be a ‘niche’ approach… of all the combine members, what percentage will really be a fit for that approach? Typically, it’s about one in a hundred. Are you that one in a hundred? Would it be safe to say - "If you don’t need the training, you don’t need TST." ??? If you become a trader with them, are you contracted for a time period? etc.
  25. zdo

    Dume

    Propaganda: Maintenance of the way things must seem for a corrupt / lying / dying / dysfunctional system to maintain the status quo. "Propaganda is to Democracy, what the bludgeon is to the Totalitarian State."--Noam Chomsky Since this is a ‘globle’ process, for just once, let’s use US’s peers across the pond for examples… they just happen to be currently in the lead in the race to the bottom… Lies reasonable lies Cashin Catches Juncker In Rare Truth-Telling Act, Confirming Everything Is A Lie | ZeroHedge Since we're in Euroland for a bit, let's look at some of their fiat lies... Testosterone Pit - Home - Ten Big Fat Lies To Keep The Euro Dream*Alive the dumn truth looks more like The Alarming 'pauperization' of France... and that is coming to a western power near you. If you’re not attuning to the lie-ee-ness of every news broadcast, then you are dume. Peeps – if you’re not a ‘statist’ at 20 you don’t have a heart… If you’re still a ‘statist’ at 30, you don’t have a brain. :helloooo: and you're not as helpless / powerless against lies as you might first feel...
×
×
  • Create New...

Important Information

By using this site, you agree to our Terms of Use.