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No indicators, just a state of mind, what is called the "zone" in sports. You
don't observe the prices, you become the prices, you are the trend that goes
up, that meets a bunch of sellers, you feel the buyers fueling you, swelling in
the back, you feel the pressure that is building, the urge to get the sellers
out of the way, you are the seed that wants to see the sun, you have the urge
to move up, you buy out the last sellers, there it goes, out in the free air,
no one out there to stop you, buyers keep pushing you, God are they many! You
literally explode on the upside, reporters come to enquire what is happening,
they want to know, you tell them look at me, sellers get out of the way
fearful, you just dream this is so good.
Alarms ringing in the head, bells everywhere, who was that? somebody barred my
path, Where are my buddies, hey where are you buyers? Gone, they are all gone,
they are partying. Friends I am going home, I sell right there to the last
spectator. Back to earth now. Big seller bully is running after me, he pushes
me down, where are the buyers, I see fear in their eyes. They were so eager two
minutes ago, what happened? All of sudden everything stops. It's so eerie out
there, what's the matter?. Exit, I just exit here, go sleep, so tired.
That is the flow, buying, selling, exiting. indicators are only a peeping
device, a limited way to see the portion of reality you chose to see.
Gwenn
| -----Ursprungliche Nachricht-----
| Von: robin hall [SMTP:rjeanhall@xxxxxxxxxxxxxxxx]
| Gesendet am: Tuesday, August 31, 1999 3:10 PM
| An: ggautier@xxxxxxxxxxx
| Betreff: Re: Street Smarts
|
| HI GWENEAL
| how can one sense the flow of the mkt?would the on balance volume indicator
| be able to give one a sense of the flow of the mkt or any other indicator?
|
| thanks robin
| -----Original Message-----
| From: Gwenael Gautier <ggautier@xxxxxxxxxxx>
| To: 'Tom Alexander' <gta3@xxxxxxxxxxxxx>; Realtraders
| <realtraders@xxxxxxxxxxxx>
| Date: Tuesday, August 31, 1999 9:06 AM
| Subject: AW: Street Smarts
|
|
| >In her book, there is an extensive description of the various entries.
| Nice,
| >although they didn't make much sense to me. By that, I mean 1 hour later I
| had
| >to look up again to remember what it was all about. Nevertheless between
| the
| >lines one can see it doesn't really matter how she enters, she seems to
| have an
| >excellent feeling for flow. Ie, if she senses the flow of the market,
| she'll
| >use her patterns, which she probably knows by heart to get in, and then
| time
| >stop or trail stop on lower time frame swing breaks or so.
| >
| >The systems sold with the book test poorly at best, but I believe she
| doesn't
| >use these techniques as systems but as triggers. The flow is determinant
| for
| >the entry setup, the pattern for the trigger, the position management
| >thereafter for generating the profits.
| >
| >Might be wrong, but don't think to be far off.
| >
| >FWIW
| >
| >Gwenn
| >
| >| -----Ursprungliche Nachricht-----
| >| Von: Tom Alexander [SMTP:gta3@xxxxxxxxxxxxx]
| >| Gesendet am: Tuesday, August 31, 1999 2:30 PM
| >| An: ggautier@xxxxxxxxxxx; Realtraders
| >| Betreff: Re: Street Smarts
| >|
| >| Hi Gwenn,
| >|
| >| What do you mean, "her edge is in the exits not in the entries"? Either
| >| their is an edge or there isn't, right? Perhaps a little timing technique
| >| applied to the setups might improve their performance. I do not have the
| >| book but I'm familiar with some of the setups. I'd like to hear more from
| >| you on your experience.
| >|
| >| Regards,
| >|
| >| Tom Alexander
| >|
| >|
| >|
| >| ----------
| >| > From: GAUTIER <ggautier@xxxxxxxxxxx>
| >| > To: 'Randy Burns (TCG, Inc.)' <rburns@xxxxxxxxxxx>; Realtraders
| >| <realtraders@xxxxxxxxxxxx>
| >| > Subject: AW: Street Smarts
| >| > Date: Tuesday, August 31, 1999 4:42 AM
| >| >
| >| > Frankly, I'd save the money. None of them tested positive in TS
| >| backtesting...
| >| > Her edge is in the exits not in the entries.
| >| >
| >
|