Search results

Failing to monitor on the 'correct' resolution level based on one's experience most definitely contributes to feelings of frustration and often leads to over-zealous trading. Maintaining a correct vantage point, as you have pointed out, allows the trader to relax and experience the feelings of...

Most certainly. However, the correct (sufficient) data set changes for each context. This Post provides the correct 'action points' as Pr0crast pointed out previously based on one's resolution level. At the Forest level, a sufficient data set really never goes far beyond Price and Volume (on a...

1. The market is not random (as I see it). 2. With time and experience, a trader (using a valid system) makes fewer errors and improves their profitability - again irrespective of methodology used. 3. One can say anything they like with respect to what one see's or doesn't see. You see the...

Busch Series <img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=1400889>

For those having difficulty with Anticipation vs Prediction, please review this post. Continuation vs change are not tied to 'odds of success' in the future. Reaching the correct conclusion by monitoring sufficient (and correct) data sets one 'permits one to know what comes next. - Spydertrader

Thank you for this post. You have no idea how much it will help people to see things correctly. You assume (incorrectly) that continuation or change is tied to some sort of 'odds of success' for the future. If one reaches the correct conclusion, then, where you have marked 'prediction' turns...

Not all FTT's become breakouts. Some turn into FBO's Decreasing black to increasing black is a B2B where one has a breakout. Until Price breaks through the right trend line, one would continue to see decreasing (in this case) black volume. FTT to FBO would show decreasing black. FTT to BO...

Such pleasantries on this festive day. Didn't you ask me about my chart? If you have questions about your chart, best to post it, so I do not have to read your mind. Since you have no doubt read through the entire thread, you easily notice that others with questions post their charts in the...

On finer resolution levels (limb, leaf or bug) the YM did signaled change. However, on the higher resolution levels, the YM signaled continuation. Remember, 5 bars on the YM gives us 2 ES bars. In addition, throughout the entire sequence described in my previous post, YM Price maintained its...

Neither of those bars represent FTT's Note the Yellow Highlighted Area (1) on the attached chart. The 11:00 Bar opens and then heads lower creating a volatility expansion (Orange Arrow). At its low, Price reverses and heads higher (Green Arrow). Closing at the high of 11:00 and then opening...

Truck Series Mike Skinner bumps Clint Bowyer to win the NASCAR Craftsman Truck Series race at Atlanta causing Ron Hornaday to finish second. - Spydertrader <img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=1400548>

We stay away (in Equities) from FOMC and Earnings announcement days as Beginner Level Traders. As one gains more experience, Earnings Announcements can (and often do) provide large profits. On the other side of the coin, an earnings announcement can generate a substantial loss. In an effort to...

Truck Series Tonight! <img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=1400364>

Price remained within the black taped channel again today (Daily) and within the Blue Up Channel (30 minute). A slight increase in volume over the previous day, but not enough to cause price to move in a huge way. As long as we continue to see profits (Price remains in the up channel), we...

Enjoy the weekend everyone. - Spydertrader <img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=1400168>

Enjoy the weekend everyone. - Spydertrader <img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=1400168>

03-16-2007 YM Chart - Spydertrader

03-16-2006 ES Chart - Spydertrader

Nicely done, dkm. Good to see your hard work paying off. - Spydertrader

Any Market, Any Time Frame - provided sufficient liquidity exists. :D :D - Spydertrader