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Pastimes : The Big Tex House of Coin

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To: BigTex who wrote (19244)	5/30/2004 8:20:12 PM
From: Spark	of 19297

Tex, ya big freak, Jeff asked me to repost his wisdom one more time..word is that he got hurt hunting all that lives in the backyard..ya know what i mean...nothing earth-shattering, the dude was reportedly naked, a beer in one hand, an Eastwood size blower in the other...some say he was yelling all sorta names..some remember "Clinton" and "MotherFucker" sounding about right...everyone agrees that the old dude seemed very angry..anyhow, he's in bed now..and them belts will keep him very tight and cozy...brrr! Ohh well...sometimes a little rest is good for the head... :))))) ieeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeee!!!! HERE IS THE RATHER SMART MUSING...SOME OF US THINK THAT JEFF, EVEN THOUGH PARTLY INSANE, IS A GREAT TRADER: "now reading these threads and listening to experts got me nowhere fast......reading t/a books that everybody sees and all they show is "perfect" patterns will get you nowhere....otherwise everybody could do this stuff and obviously very few can and ever will...... but after reading many threads i did pick up little bits from many different posters.....the know it all types....types that think theres only one way to do things....i avoided them like the plague...... now being a nobody.....and just a common everyday guy....i looked to the real world i live in for a way to figure this stuff out..... i said to myself.....if i wanted to build a house....i could read a book about it......but could i build a house by just reading a book....or would i learn more by being with a guy who builds houses and he knows all the little tricks that you can't find in books..... or how about fixing a car....would you read a book....or learn more by watching a real life mechanic do things that books won't tell you...... i already knew from my own life experiences that most folks or professionals "don't" go by the book......they are good at what they do because they know and learn other ways to do things that others don't know about....the things that will set them apart from others..... so from that alone....i knew books weren't the answer to my problem....and experts are experts because they won't tell you everything you need to know....thats how they stay experts.....<ggg> the "have's" of this world will not tell the "have not's" of the world how its done......thats how they stay above the common man.....and keep their power.... so i decided to break it down to its most basic form......just like when we first come into this world....you learn the most important things in life.... whats good and whats bad...... don't touch fire cause its hot and you will get burned.....don't play in the street....don't run with scissors etc.etc......you know them all...<gg> anyway.....to find the answers i was looking for i figured the best teacher would be past charts....they already showed what happened in the "real life world of trading"...it was all "fact" because it really happened already.....not some fantasy "perfect" pattern in a text book.....real world stuff...... so i decided to go over all my worst trades and best trades....and because i picked up little bits of info off threads i had lots of indicators to look at..... all i was looking for was a common pattern that would tell me..."don't touch this or you will get burned" type deal.... now after reading many threads and so called "experts" i already knew the sto's where not that great an indicator because they can stay "overbought" or " oversold" for a very long time..... but i did find interesting things would happen around that 50 line.....i saw it became a better indicator there and "things" would happen like big runs or big dumps.... after going over my past trades i found out that my biggest losses where when i was long into what i now call d-blows....i was holding into d-blows.....and got toasted.... my best winners were when i was holding long into what i now call AV...... so just by that...and breaking it down to its easiest form...i could see i better not long d-blows or short AV....because thats like touching fire...you will get burned.... now with that basic concept in mind....i also knew there were many other timeframes and sto's settings i could use and better watch.....and i also found other indicators i could use with it because i knew no one indicator or timeframe tells you everything..... so that started the foundation of what i use today.....i just took the time to study and i learned from past mistakes...and as always in this game....you are always learning more each day and you will always make mistakes...but at least i found something to build on with my "don't touch fire or you will get burned" indicator.... and i see certain folks saying don't use my settings these are better....and they only use "1" sto which to me is laughable....or some think i created this AV or DB out of thin air or something..... let me clue you in....these signals have been on charts since charts began....they have always been there and always will be there.....me talking about it will not change it....theres all "different settings and timeframes" to use.....on all stocks...indexes...you name it....its there...... theres an old saying....theres more than one way to skin a cat.....and theres more than one way to use indicators.... and obviously the real names for this are not AV or DB....there is no name....i just call it that so the guys who i started this thread with knew what i was talking about.....but i gave it those names because of what it does.... you all saw me call the slow AV when it started....i then made numerous post before i left warning of that trailing full and that it would toast shorts and add fuel for more up....."don't touch fire or you will get burned"..... what happened.....heres the settings i had on the chart since this thread began..... you saw the slow AV that started it....that broke the "backwards retrace" with a ramp to 1429....at that point it rolled and before i left... thats the point i warned of the full AV and what it would do to shorts.....obviuosly it did AV....and set in motion a longer "roasting" of the shorts.....and the fast AV was the final nail in the shorts coffin to a new high..... i didn't make any of this up......heres the chart with the settings i had since the thread started.... stockcharts.com[h,a]da... you see the slow AV hit first(bing)....the full then was next(bang)and the final AV was the fast (boom) to a new high.....bing..bang...boom....toasted shorts..... obviously since AV is a bull signal.....this was the first real look most got at it this year as most of this year was played under random d-blows.....which brings up another point i made over and over again.....AV is a bull signal....DB a bear signal....you will see AV more in a bull market.....and DB more in a bear.....AV will work better in a bull....DB works better in a bear.....AV last longer in a bull...DB last longer in a bear..... because the market just doesn't move in one direction....within AV you gets dumps...but the dips get bought for positive closes to keep it going...within DB you get ramps that get sold for negative closes to keep the down going.....and of course those signals work best when it first starts.....because you need to use different sto settings.....one might have AV...the others won't....you have to know the setting and the duration to know the strength....you have to know that one gets it....and it rolls out...the other sto's are still in play for AV....you just saw that happen with the slow...then full...then fast..... thats how folks get toasted....not seeing the whole picture on different settings and timeframes.....those only using one sto are blinded by what could be happening on others....those only looking at daily charts could get toasted under a weekly DB or shorts from a weekly AV..... i could go on and on about this..... the point is....you can do whatever you want with this....come up with your own settings....find your own guidelines within it....use it any way you want.....put up 6 sto settings...it doesn't matter...... the whole foundation of it is....."if you touch fire...you will get burned"..... AV can toast shorts.... DB can toast longs..... longs have a better chance with AV.... shorts have a better chance under DB.... use any settings you want....make up your own guidelines....as long you know what to look for.....and you can use it to help yourself......what does it matter..... to see others say this is wrong or the wrong settings or this and that is laughable.... all three of my settings caught this rally....thats a fact...will it do that again....i don't know....maybe only one will...or two.....it doesn't matter....because maybe on other stocks or indexes its forming on right now.....theres thousands of stocks it could be on now.....or i could be switching over and looking for DB to short...what does it matter.....its a signal that could be anywhere right now....its been on charts forever and always will be..... it doesn't matter how much you know....its knowing what works and focusing on that..... you can't look where everybody else is looking....everybody can't do this...you have to look where others aren't.....and theres many ways and places to look where very few venture..... thats about it....i'm just a nobody who looks where others don't.....thats how i came up with the "backwards" chart....i'm not rich and likely never will be...but i'm also not a know-it-all type with my head stuck up my ass as i will share with others because i'm just a small guy playing against the odds and crooks like most of us here.....

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