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Its not the 'Why' but the 'How' you are dealing with in intraday trading. There were 4 downmoves into the YM close (4pm): from 15.16 in sequence - 136, 200, 120 and 162 points down, separated of course by 3 reversals (upmoves). Lets deal with the last downmove. Starting at 15.47.40 and only...

If you look at the metrics of a specific market it will help any who want to begin their knowledge of the behavior of the market in which they trade or in which they want to trade. Look at YM today. The range for today (Monday Nov 10 2008) was 405. You have to exploit the days gyrations. This...

I highly rate freedom of expression and therefore those many expressing views irrelevant to trading or common sense can be ignored at the discretion of the individual ET member. The frequent predictions in ET are worthless as usually they are not based on any data. They simply represent the...

With the election done, time to refocus on successful trading. The usual requirement is you must deploy an accurate and comprehensive methodology to harness repeat gains daily in the market. The range for today (YM - Tuesday Nov 4 2008) was 214. It was a small day compared to some recent...

You have to take into account before all else the current conventions. Marriage 40 years ago and even 30 years ago was the signature of normality and acceptance. No more so. The proposition before you is do not marry. Your girlfriend becomes your 'partner'. If successful hide your assets from...

Can you believe the close today 10-27-08? If I take the Opening Price as 8228, the illustration above, made before todays market began, demonstrates that markets are technical. As shown the Close today was between 20 to 165 points down on the Opening Price (9.30am YM), specifically 96 points...

This Monday is so far gap down when the previous close was also down. On the last 4 occasions of Mondays being gap down with the previous close down, the Close on the day has been between 20 to 165 points down on the Opening Price (9.30am YM). :)

This Monday is so far gap down when the previous close was also down. On the last 4 occasions of Mondays gap down with the previous close down, the Close on the day was in a range of 20 to 165 points down on the Opening Price (9.30am YM). :)

Start of a new week after so much credit crunch melodrama makes it timely to review what has been happening to the oil price (CL). My usual reminder is this though: use an accurate and comprehensive methodology to harness the rewards of this market. The range for today (Monday Oct 20 2008)...

Here is a poor old soul who has long drugged herself on simple solutions and simple understandings. The reason to save banks is to help restore confidence. You can't let banks fail and explain that insolvent banks should die. In effect, apart from Lehman, there have been no bank...

Almost without exception a Presidency runs quietly towards the end of the final second term. But this is the exception, big time. There has been a huge amount for Federal Government to do and to lead on. I suspect President Bush is enjoying it. He is naturally laid back. He has stood up front...

Relaxing. I had offices for a time in the World Trade Center (before 9/11 of course). So I was sitting besides the most glorious money tree the world has ever known, the NY Stock Exchange. And today if I was still on Wall Street? I would be spreading calm and goodwill but still doing what I'm...

Many people are sophisticated and, excepting the crass, understand that material gains or the show of material gains are not the core of life. You don't have to be religious to know this. All that material stuff is just fun as I noted earlier in this thread. Refer to evolutionary humankind...

It is true that you are who you want to be. I can hang out in an obscure bar or I can cloister only with power people and the upper echelon. One key to all socialising is the same - the ability to listen with a genuine interest in, to whomever you are talking. You are always learning if you are...

There is a thing called 'family'. If this was meaningless before you went to jail then may be it was meaningless when you were in jail and afterwards. I have taken the trouble to build bonds with my children. You have to give the attention and time and make repeated efforts. You get a close...

Noting that the DOW went below 7900 today (Oct 10 08), is there any point in anyone calling a bottom any more? That was a great value level for medium term or long term investment buying. And it was a great day for professional players daytrading, without a doubt. So there is only one obvious...

I don't waste much of my time on bullish or bearish forecasts for stocks because there is too much money to be made daily from technically exploiting the markets (eg YM,ES,CL). The intraday upmoves and downmoves are rich in points every day. However I will note this much; the Dow at around...

Markets ride up and down. Simple as this is, that is the key. Overriding bear or bull conditions are a small matter. Therefore the longer term requirement is continued volatility. The only danger there could be is a bear market that becomes stagnant; that is where significant volatility would...

Quoting from fearless9: "Price moves in waves during the day ( some obviously greater than others) and the sum of the waves always exceeds the range of the day (otherwise there could be only one wave per day) This wave-like action offers Intraday Traders several trading opportunties each and...

If I may, I quote Wikipedia on the definition of volatility which is the subject of this thread. "Volatility for market players. Volatility is often viewed as a negative in that it represents uncertainty and risk. However, volatility can be good in that if one shorts on the peaks, and buys on...