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I like your ideas Genomik and you made me think of Google Earth when reading that. I'm surprised that Google hasn't ventured into this area yet... I don't use TS but I'm trying to find out what the Radar Screen is. I've heard about it... What does the Radar Screen do?

I fear that this is (very sadly) true. Here's a suggested (although possibly flawed) solution: Pass a law that states that when you open an account to day trade that you also spend the same amount as your initial year's account funding in education and exams to understand the market before...

The changes the the CME has made to the way it reports trades will affect tick charts but not volume or time based charts. I hope that everyone using tick based charts has made the required changes.

The week so far is turning out to be bullish. Will Friday hold up and keep this week as another bullish expiry week?

So previous week's trend determines then? If I understand you correctly, if the previous week closed higher (week on week) we should have a better than 50% probability of expiry week closing higher and vice versa?

Another week with an expiry Friday in it. Is this going to be a bullish week as well?

Reminder: FOMC Meeting tomorrow

Attached image shows the new ES H6 contract in 30 min bars (RTH) with VA and POC lines on each day for this week. Contract rolled over today from Z5 to H6.

Way back in the past when I was young I'd update the contracts on the charting platform and not on the trading platform and then for the rest of the day think that one was lagging the other.

That's what we're trying to find - by peer consensus.

Here's a question: Who on Elite (or name your top five) is the most revered, respected, and/or valuable contributor? i.e. Whose postings contribute the most to the education and profitability of other traders. (It's not important if the person has a second agenda such as selling education or...

In the study that I did I classified those 2 types of gaps as: gap = distance between today's open and yesterday's close extreme gap = same as gap above but open is outside of yesterday's high/low.

I like your comment because (1) it provokes thought over the point and (2) is easy to test. I haven't tested this but I hope to and you could easily test this using daily OHLC data: Count the number of times a gap is filled versus the the same distance away from the gap (i.e. on the other...

Jack: I track the gaps on my Daily Notes page at the bottom. All of the gap stuff I've done deals with gaps that close on the same day. The % of gaps that closed in the period that I studied (on ES): Mon: 65% Tue: 77% Wed: 79% Thu: 82% Fri: 78% I also update a monthly league table for...

I read the first posting in this topic and then skipped to the last posting (above) thinking that the thread might have developed into something interesting and I see that we've gone off topic.

I track a daily raw gap play across the emini futures which looks at what you would make each month if you traded each and every gap and did not use stops. This is a theorectical benchmark which some people use to measure their own gap trades to see if they can out-perform this benchmark. (BTW...

Don't forget to rollover your emini (and other) symbols tonight for tomorrow!! Both charting AND trading platform.

I ran a fairly extensive back test that used the size on the bid/ask to trigger trades and found that no matter which way I traded (tested) that system the net result was breakeven. My conclusion was that size on the bid/ask did not support a move in the expected direction more than 50% of...

I'm not sure if you're aware but in the S&P futures market the value traded on the eminis each day is greater than the value traded on the big car. However, the value carried overnight is bigger on the big car. If you were doing this sort of analysis you would probably want to combine the...

Interesting concept. Each open contract must (could) have a timestamp attached to it which would allow a system to give you the average age of longs/shorts or a ratio of open shorts/longs from today or over the past X number of days etc. In order to implement that you'd need to keep the...