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yeah, think i get your point. 10600 support is always the same on dow, if it´s still important that is. So you calculate ym support by adding the delta. that is in august it would have been around 10610, now around 10640. That´s what you mean right? thanks, Stalker

osho, I don´t focus so much on the "smaller" channels, look at the bigger picture, try to understand what´s going on. Draw the channels on the 15-min and 60-min fractal and see how price acts in those channels, than you draw the 5-min channel inside these channels. It´s much more relaxing to...

The same for me osho. i´m not as old as easy, and still the chart i looked at from you was two small, couldn´t see a thing...

just wanna add - it´s not an exact number. but even if i don´t draw s/r for a day i like to know the delta anyhow and always watches synch.

The delta between the two for the day you see around 9:45. It takes 15 minutes or so for them to synch. you often see the delta jump up and down for a while before it gets stable. When it´s stable, that´s the delta for the day.

volente, I´m curious to why you always monitor dow for s/r and not ym. i´ve started looking at s/r on both, but i can´t figure out wich way is the best. for example, i see a supportlevel from a couple of weeks ago at 10360 on YM when dow was around 10350. But the spread between YM and Dow...

sorry :p I refrase it - the channels and s/r-lines are doing a good job today. If every day was like this... but i guess the "trading in a tight range jumping up and down a bit randomly" days are more common. /Stalker

today is a very good day, everything is behaving "as it should", very predictible

i followed the bid/ask volume again today, and i figured out it was more useful for scalping, reminded me of how tick is jumping up and down. I guess it could be useful in specific situations, like when to consider a reversal, but i think it would be useful to sort of smooth it out in some kind...

On the posted chart you see a change in direction around 10455, when price hits the left channel line of the 60-minute channel. At the same time INDU is at support. I´ve seen this happen too many times to think it is a coincidence. That is - support from a channel on a higher fractal meets a...

i find porgie kind of entertaining :)

I believe scientist is right about price moving in the direction of volume, seems very logical in a weird way. but theory and practical application are two different things. Just for fun and to try it out i watched this for a day and tested to enter in the direction of the highest cumulative...

frugi, just looking at the bigger channel you see that point A doesn´t make it all the way upp to the upper channel line. this clearly indicates a possible trend change if you just look at the channel as you probably now. but i think it´s a little to optimistic to try to speculate on whats...

I´m far from the expert here, but i don´t even papertrade on a day like this :p

Thanks Jack, i´m reading and re-reading... Does anyone has any suggestions for a reliable broker with low fees? We´ve got IB now, but my dads gonna open a second account. For safety reasons, if something would go wrong, he wants the second account with another broker. /stalker

Movery, i agree with blackbeard that you should lower your expectations a little. It´s good to be optimistic, but it takes a market wizard to make 500-750 usd/contract and day. Even if you look at videotapes with maradona, zinedine zidane, van basten or any of the best soccer players, it...

Thank you very much for all the answers Movery and Volente. Me, i´ve got no idea if I´m gonna learn to play this game or not, I just try. if I make it, I make it, if I don´t, well, I already got two jobs... A completely different question - is anybody looking at put/call ratio to get a...

Thanks Movery, I look at s/r and trend channels a lot together with price-volume. I like it but it´s difficult, need a lot of study to get it right. The line between success and failure is often thin, you just miss one little detail and you´re screwed. At least that´s my experience...

volente - how do you know if there´s a high probability that a s/r-level is going to hold or not? i´ve tried looking at price action and volume but no easy clues there, at least nothing i can spot... excellent trading as usual! /stalker

Time to go to the pub, hope you caught that nice move and good luck in the afternoon... /Stalker