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Target?

Could you share a bit more how you use it? I'm not sure I find it reliable enough, so not really a big part of my toolbox, but I'm just keeping it there out of habit. For example, today's 10:10 low reading and that 1-minute bar happened at the same time, so the $TICK really just confirmed...

And I'm sure many others as well... :) Still stuck in a range here, but I would assume if we can get some momentum above 4050 - we should see at least 70. And unless it's an Inside Day - 4080 should be on the table. It's tricky as we've had similar patterns over the last year (s) where it...

Bottoming out or topping out? Certainly fooled me.

Look at those large 1-minute bars. 10 points back and forth here during the Open. I'm betting 4084 or a move down to 4000, but it seems like a draw at this point. I've been humbled by the market this week not really getting a good or good enough read on the action. This looks bullish at the...

Which is pretty much what I said if you read my post. Straw man argument, buddy. Besides, comparing hedge fund strategies and a retail trading strategies is simply not a relevant comparison in my view. But to entertain that argument - generally, top firms in any field can get top candidates...

I've seen you mention this a few times and to broaden your horizon two of the interviewed traders in Jack Scwager's newest book are day traders who don't rely on technicals, but more on fundamentals and event plays. Of course, when that is the case, it goes without saying that they don't...

Why do you always need to end your sentences with "lol"? Seems a bit condescending, but maybe that's the point. To me, it seems like the point you're arguing is that few successful funds use or at least rely on classical TA and classical indicators and that their quantitative models are a bit...

FWIW, I checked my statistical model based on yesterday's pattern and it agrees with a down bias for today (Tuesday). Also, there appears to be a negative bias towards the last trading day of January. So, everything seems to suggest lower going into FOMC. Not sure how low we'll go, though. I'm...

Thanks for providing that additional information, Tiddly. Curious. You find it have any value in your own trading? Personally, I'm just playing around with it and and am still trialing it, I suppose. Mostly because it's an interesting concept that seems to make sense logically even if I have...

I would guess so, yes.

I'm plotting Volume Profile on some of my charts these days to see if it can be of value. POC = point of control = the level with the highest volume transacted. Other peaks on the profile could be considered high volume nodes. Areas on the profile with little volume could be considered...

If this is live money - why not do it with MES instead? Seems like a costly way to be learning.

Sold off? Nah. Just a weak trend lower not going further than 15 points below the current LOD at the time. Of course a wortwhile intraday short was on the table.:) I'm just happy I was able to contain and accept today's losses and not dig myself deeper into a hole when I was wrong. Progress...

Maybe a test of the Open if lucky, but a close above is highly unlikely, IMV. Tricky day for intraday trading, IMO. Maybe not if you're a scalper. First losing day in a few weeks today. Maybe churn into FOMC on Wednesday is how it's going to be.

4036,25 = last week's mid-point 4035,00 = week before last week's high 4029,50 = last week's POC. This is a down trend by now, though. Just noting we're coming down to some levels of interest. When the market simply trades through such levels that's also interesting.

Sure. But do keep in mind that many in the hedge fund industry literally get thrown money after them with little to zero personal risk. Quite a few of these also under-performed the general market.

Okay. So, by TA you're specifically talking about charts? That's not my definition of TA. TA is simply using price history for trading decisions. Be that a predictive model or a trend-following/momentum based system. I'm not sure how you can speak so general for all funds, though. I know at...

FWIW, I just checked my statistical model and the chances of a recovery today are very slim at this point. A drop into the Close is more likely. Maybe 4030. I'm probably calling it a day here soon. The kind of day that goes range bound and only when it's too late you realize it was a down...

What do quantitative funds use if they don't use price history?