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Monday, February 21, 2005




WEEKEND UPDATE, pt 4 (Fear & Loathing in CCI land -- cya Hunter)

I hardly had time to mourn the expunging of Dax's streaming lecture on the PT trade, before a brand spanking new pdf document (click that if you want to download it) has appeared. The new PT guru is now somebody named JoAnne. Who is JoAnne? Beats the hell out of me. I don't even know most of the moderators anymore. The chatroom rotation and shakeup has been dizzying.

Anyway, back to the PT. It was an r7 creation, wasn't it? r7 is another curious character. He's the Sir-Links-Alot of the Club. He hangs around the periphery, floating between the "in-club" and the "outhouse." It all depends on how bitchy he feels at the moment about being the lone wolf on TradeMaven Island (which is absolutely, positively not a Woodie approved vendor). Dax somehow got involved in the PT/notch stuff, co-developing it with r7. Dax did the unveiling and big lecture about it. Unfortunately, since then, Dax has been sealed in the outhouse and thrown off a cliff.

So now the PT has fallen into JoAnne's lap. For her credit, she's taken the ball and run with it. It's all about "Traders helping traders," ya know. I'm going to read this document now. Nevermind the fact that I keep thinking of PT Barnum ("There's a sucker born every minute") when I see the plateau trade abbreviated as so. The PT is another CCI trade I can't do for shit and stay far away from.

posted by Fearless @ 12:06 PM   2 comments

2 Comments:

At 5:41 PM, Anonymous Anonymous said...

"A punch is just a punch..." Bruce Lee
You know this trading stuff has many similarities to martial arts. It is a cross between science and mystical artform. Of course a whole lot mystical...
I like that PT Barnum thing you mentioned and if you dont mind I'm going to use it with my friends. Anyway the PT is basically a "hook". If you've hung around the other chatrooms like Teddys or what not you notice other traders talking about them all the time.

Happy Prez Day!
Tiger611

 
At 9:50 PM, Anonymous Anonymous said...

JoAnne has true insight in this new discovery, the modified PT.

She has pointed out that entering a hook after a hook is better than before it hooks. And if you wait until the hook hooks, and then breaks again, one of the evil DAX/r7 PT setups, that it is not so hot, because you may enter after the move is over and hit your emergency stop.

There is also a list of at least eight filters you may use at random to improve the success of the PT. No preference was given as to which filter actually works.

This is truly an advance in the art of CCI technical anaylsis. Her next paper will explain why a round tire gives a smoother ride than a square one.

 

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