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Ira brings up a point, but a little condescending I think, and detracts from
the issue of how to look at a market.
I my interpretation of what BobR is getting at is What is the Conceptual
FrameWork to operate out of?
( My quest also I might add)
Bob is capable of programatically obtaining that information if he wants to.
He is asking Research
if that is a worthwhile are to persue study.
Research shot BobR down right away on Bob's set of opening assumptions.
This act then
qualifies as a definitional parameter of Research's mindset and experience,
and probably comes from a
set of experiences that has lead to a set of distinctions not even thought
of by BobR. BobR and most people
trade out of a momentum framework. So Research is saying. uhhhh no it is
Balance, Haytham alludes to balance
in his gif of polarity changing from + to minus. Tim Morge also alludes to
balance, or refers to it as "coiling" or energy storing for a move.
Check out his slide show.
>From what I understand from your occaisional allusions to your methodolgy it
is cyclically based. I have no problem with that at all.
Research doesn't even come from a cyclical point of view and for that reason
it is interesting. To grouse and say he wants an million dollar
eduction for nothing is carping. :) Just an opinion and not an attack
don't take it personally ok. I don't think you will.
In my statistical studys I have found there is a set of outcomes for a given
day. An up close or a down close is the final result.
At the front of the day there is a gap up or a gap down at the open.
For a gap up open there is a probability for a up or down close.
For a down gap there is a probability for an up or down close.
For an up close there is a statistical average range and like wise for a
down close.
I have noticed that a balance point exists between bulls and bears between a
forecast high of a down day and a
forecast low of an up day.... Price can meander in this region or it can
move to its settlement outside of that range.
My current psychological problem is trying to understand what is the pattern
that constitutes the moment of departure
from the current balance point?
What I got out of Research's gif is the red lines are lines that contain a
balance in buyer's and seller's. then it goes skewed and
balance is lost.
Regards,
Don Thompson
Subject: Re: [RT] WHY...Trading Profession?
> What you want is a million dollar education for nothing. I don't think
so. Ira
>
> BobR wrote:
>
> > Dear Research dept, would you please do a brain dump on this lowly
wannabe
> > regarding entries on the NQ and ES ? Specifically he and a few others
would
> > like to read your treatise on timing the entry and various techniques
you
> > would employ in catching a trend in its infancy. Particularly address
the
> > pre and post period 8:30AM CT with its risks and rewards. What time
frame
> > or tick frame would you advise? What techincal approach would you use,
> > swings, xovers, trendline breaks, something exotic? What we are talking
> > here is Texas style gunslinging where trades move like singing bullets.
> > Feel free to be as verbose as you want. A diatribe is desired.
> >
> > thanx
> > bobr
> >
> > ----- Original Message -----
> > From: "Research Dept." <research@xxxxxxxxxxxxx>
> > To: "Gentle Ox" <realtraders@xxxxxxxxxxxxxxx>
> > Sent: Saturday, May 05, 2001 4:57 AM
> > Subject: Re: [RT] WHY...Trading Profession?
> >
> > > Hello Gentle,
> > >
> > > GO> Why is it that everyone thinks that they can be a successful
trader?
> > >
> > > i never set out to be a trader, in fact i thought you had to live in
> > > ny or chicago. in fact i do not consider myself a trader now, i love
> > > research, and just figuring out things in general. i have studied
> > > people as much as i have studied the markets and come to the
> > > conclusion that most loose because they are gamblers rather than
> > > analyst. analyst on the other hand mostly are failures at trading
> > > because they rely upon validation of some for or another.
> > >
> > > GO> What is it that motivates so many people to want to trade?
> > >
> > > i hate to trade, i only do so to finance my research and my computer
> > > hardware/software addiction. this is the way i separate myself from
> > > becoming involved with something i don't like to do trade. i do not
> > > get a thrill if i make money and i don't worry at all anymore if i
> > > loose. learning to take losses was the hardest thing i ever
> > > accomplished.
> > >
> > > GO> Is it the money? the ego? the testeroserone? something else?
> > >
> > > for me its the thrill of figuring it out.. finding something that can
> > > be validated in black and white as working. i honestly have no desire
> > > about the money other than to pay what very few bills i have. i live
> > > very meagerly (except for equipment) because i know it can all be lost
> > > if i'm not careful. i am not inspired by wealth but rather knowledge.
> > >
> > > GO> And why do so many people feel they can learn the game in such a
shot
> > amount
> > > GO> of time?
> > >
> > > i was the same. i thought i knew how to trade until i went to work
> > > programming for someone who was a real trader. there i learned the
> > > business of surviving as a trader and to not take anything personal.
> > > trading really is a business, like any other except its better. i
> > > could pick anything in life to do the 3 i narrowed it down to was
> > > biological, market and gambling research.
> > >
> > > anyway it took me a good five years to learn while working for a
> > > specific trader. i spent many more years programming for other
> > > successful traders. i figured no one was going to tell me what i
> > > needed to know about how to make a living trading. so i set out to
> > > steal the knowledge by pretending to be a contract programmer. so i
> > > kept my mouth shut (for a while) listened and observed every move,
> > > making very detailed notes about events i would only understand latter
> > > in time. stopping here for now..
> > >
> > >
> > > --
> > > Best regards,
> > > Research mailto:research@xxxxxxxxxxxxx
> > >
> > >
> > >
> > > To unsubscribe from this group, send an email to:
> > > realtraders-unsubscribe@xxxxxxxxxxxxxxx
> > >
> > >
> > >
> > > Your use of Yahoo! Groups is subject to
http://docs.yahoo.com/info/terms/
> > >
> > >
> >
> > To unsubscribe from this group, send an email to:
> > realtraders-unsubscribe@xxxxxxxxxxxxxxx
> >
> >
> >
> > Your use of Yahoo! Groups is subject to
http://docs.yahoo.com/info/terms/
>
>
> To unsubscribe from this group, send an email to:
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