Search results

Top notch posts! mgin - in a way you are just describing the fractal nature of markets. The quesiton becomes: what "term" are you trying to capture ALL of the movements on? If you try to capture all of the TRAVERSES of the roughly 4 intraday trends (the trends that make the ST) - you...

Hey guys -- some comments: I consider myself being a little bit earlier in the process than easyrider (that is to say easy is slightly more advanced)... and I think I am a bit farther ahead than Mak. However - Mak is much sharper than me -- quicker to pick up this stuff -- and he may skip...

sym = symmetrical and 4 should be a 5 - lazy typin' :D

also the book has been saying short all day - so has str/squ it's at 17 right now... EDIT - scratch that 17 - my INDU feed is busted

easy - there are a ton of red flags up -- - yesterday was a DU day on daily ES - Left side of L-R of LT S channel. - FTT of IT long - last volume peak was red on 30 minute chart - odd harmonic cycling for 2 days on falling volume - sym pennant today on the 4.

big tank starts today

All of my trades are on the 5. I keep an annotated 30 minute chart up as well so I don't get lost.

Easy - my 2c on this... I basically try to trade the traverse of the ST and IT trend channels. At a certain resolution I am in fact trading L-R traverses - but that resolution is pretty slow. I keep "in all day" in the back of mind as the sort of ultimate efficiency goal. But I don't try...

when in doubt: http://worldtimeserver.com/current_time_in_US-NY.aspx

getting pt 2 for the PM short - note the poor volume

Gotcha -- thanks for the explanation.

Jesus H - I was expecting a price spike on volume - but that was a real doozy!

sell it

Icarus -- I'm totally with you on this post - however I'm curious what particular Friday effect you are alluding to? In summer I expect Friday PMs to be low volume -- other than that I don't have any rules of thumb.

Trends overlap. There's no other way to explain it. The difference is now I believe it. I was always trying to make them discrete -- which does work -- but thinking of them as overlapping gives you a little more information and allows you a little more data to consider when reading the chart.

Hmmmm... I think I'd have to post about 2 years worth of charts to show you what I'm seeing :D Seriously - it was one of those moments of understanding... I had that belief about overlap tucked away in my mind for a long time and now I can actually USE it. Like most of this stuff - you...

G A D Z O O K S ! ! Trends overlap. I didn't really ever see it until today. :eek:

txuk -- just another way of saying that the ST channel FTT'd on peak volume. It was definitive so I made my comment... the trend could have ended on that earlier 3 bar tape on big volume - but it didn't. The ensuing long was a WWT. This is just a fact of life with this style of trading -...

it's both... depending on where you got short.

Wow!! a 4 bar tape -- every bar at 30K+ Let the squeezing begin.