foreman01 wrote:As to asking MO to chat with me, I said I would put together a presentation and present it to others which I hoped would include MO. But he is the senior teacher in this thread and I would rather have one of more of his successful students try to explain what they are doingin their own words.
espip said: "I disagree with this statement 100%. This thread contains information that you cannot put a price tag on, and is hardly "ambiguous, irrelevant, tangential, confusing, and conflicting". "
I didn't mean to tweak you. Sorry. I did say "MANY of which are ambiguous, irrelevant, tangential, confusing, and conflicting. " "Many" not "all" I'm pretty sure that some, many, most or all would agree that at least some (if not "many") of the posts and pictures in this thread are not helpful.
So some of you can look at somebody else's trade; and say, "good job" and "on the 5 minute you had another chance to enter a little while later," etc. There are obviously some objective criteria that CAN be explained with words. Probably orally easier for most than by writing it all out.
Certainly it can be quantified to some extent. Otherwise there would not be so much agreement. Indeed, more than one trader has commented that he/she "does things a bit different" than others in regards to drawing zlines etc . If one recognized how they are doing things differently than there is something objective that is being analyzed. Otherwise what does one compare it too in order to assess "same" or "different."
I'm pretty good at explanations to almost anyone once I have a grasp of the material. Thus my offer. I consider a fairly nice offer, since it generally takes me hours and sometimes days to make a quality set of handouts and power point presentations that clearly express a set of ideas, and yet the presentation is usually less than an hour.
I envision some slides that might say:
For example: "In this situation trader1 draws a zline here because .... ; trader2 prefers here because .... "
I can't believe that there is anyone here -- successful or not -- who can't give an explanation of why they are drawing a zline, or defining a candle as a momo, or entering a trade.
When I practice trading with my boy I say, I am drawing a support line here because ...., and a resitance line here because .... The 4 hour trend is ...., but there is a long shadow and a bullilsh engulfing pattern .... Our risk to reward ratio is about 2/1 based on support and resistance. etc and so let's trade here with a stop here etc.
The explanations each of us gives for why we do something may be flawed, but we ought to be able to explain it. Its not a divine mystery.
A highly skilled educator said to me "If you can't explain it, then perhaps you don't understand it."
i am not tweaked at all. I just say what i am thinking instead of sugar coating it for people. its just how i am.
this debate could go on and on with no end to it
"I can't believe that there is anyone here -- successful or not -- who can't give an explanation of why they are drawing a zline, or defining a candle as a momo, or entering a trade."
and i say
i cant believe that no one can understand that the zl is drawn to show held profit. I cant believe that people cannot understand that momo is defined by a bar's body size relative to other bars body size.
"A highly skilled educator said to me "If you can't explain it, then perhaps you don't understand it."[/quote]"
He is an educator not a trader. Trading has nothing to do with smartness. Sometimes highly educated people cannot understand this for some reason. They want it to always be 2+2=4, but sometimes it is 2+2=6 and it just is, there is no reason why. Trading is an art not a science.
i still do not agree that this can be explained like you want to do it. All the info is in the thread. How is it that 10 or so random people have come to understand it and not others? Ask monolisa, aliasmith, zap, dragon, fxtrav, pablo, fxjedi or anyone else i left out to explain it and what you are going to get is
body in direction of profit wick in direction of loss
trade in the direction of profit
momo shows the way
if it does not happen on consecutive bars treat it like s/r and trade away from it
a mz is 2x previous bar 50%-- any line can be a zl in that area.
zl mz are not entry techniques they are reference points/areas create your own entry technique
do not take this the wrong way, but have you read the entire thread and put what we have on our charts on yours?
again i may come of harsh or pissed at times but i am not. Its just how i am.