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Do any of you charting software buffs know of a package which either by default or by choice permits one to set the Open for the first OHLC stick or candle of the "RTH" day = to the Opening Price of the equity being traded? (Note that the Close for this first bar [which can be either a tic bar...

Right on, right on, right on. It's not quite like buying a lottery ticket (one of the purest forms of gambling) but with practice, it can get close to it. lj

I'm not entirely certain what "it" your terminal query is referring to. Is "it" the mutually agreed upon context which permits the construction of the two point trendline? Or is "it" the two point trendline, itself. Or is "it" the contextual-protocol duality? Whatever the case might be, it...

If that is the definition of subjectivity as it relates to TA, it would seem to me that either one or both of the traders "interpreting" the data set don't know what they are looking at or else the data set itself is nonsensical [either intrinsically or because it is being incorrectly "applied"]...

Can anyone give me a definition of "subjective" technical analysis? Is it a situation where as a devout TA devotee, you design some sort of trading protocol based on some combination of price and/or volume and/or time but then allow "market intuition" or sixth sense or whatever, to occasionally...

Your analysis is identical to mine - the "charting problem" is related to the charting software. I have been working on one vendor to set up a loop which would allow one to quickly "dial in" the real opening price and set the Open of the first bar = the real OP, but as yet he will not change...

Thanks for your response, giggolo. That's question numero dos for the boyz at NASDAQ, i.e., What about the stuff before the NOOP? So then let me go to the point. Unless one has a set point like an "opening price" then for chartists, like myself, there exists the following nasty little...

Thank you again, giggolo. Your answer is eminently logical but FWIW you are the first trader I've spoken with about this matter (and I have spoken to a number of traders) who actually comes out and says: "Yes, the NOOP is the OP for GOOG - end of story". In fact I have spoken to people at...

Thank you Spyder and apologies for posting on the wrong forum (seems I've done that before). lj

Hi to all, A general question: Does anyone know if the July portion of the syllabus has been posted yet. Me can't find it. 05-31-07 06:55 PM The Syllabus January 1 - ES Chart: Price, Volume, Channels and the FTT February 1 - YM Chart: The YM leads the ES? March 1 - Gaussians and PV...

Thank you giggolo. My question was sort of rhetorical and I would agree with you that indeed the NOOP was 519.10 and that is what I am using as the opening price for GOOG. If I might push on then. What if any meaning is to be attached to the fact that at least as of 13:51 ET, Bloomberg...

Sorry. For whatever reason the attachment didn't attach. Here it is. lj

I have been religiously following/recording postmarket, premarket and "Opening" data for GOOG for the past 2 years and can say unequivocally for GOOG, ONLY, that there is no necessary or consistent relation between what goes on in the after hours markets (postM and preM) and what the opening...

Hi Ironfist, A common, though not widely discussed reason for a candle not doing what it's supposed to do, is that the candle is an artifact generated by a less than accurate data feed. Try this for fun and profit: Collect 1 minute time bar chart data from IB, let's say, for a period of...

Thanks trader savvy for sharing your methodology. Although I do not use trendlines, were I to do so it would be in a manner similar to what you have illustrated. I have used the "Trader Vic" protocol in the past and have found it to be helpful but not singularly so. By that I mean, IMO, there...

Me too. A setup is a setup by any other name. lj

Your statement is of course correct, proflogic, but your statement is equally, of course, not what I was talking about when I stated that time was one of the three degrees of freedom present in the market (whatever market you might wish to talk about). It is a fact that time is the only aspect...

IMI (in my ignorance), what is "time PF"? TIA lj

Lucidity abounds this grey, wet West Coast morning. lj

Wrongo. There are three degrees of freedom, e.g., price, volume and time. N'est ce pas? lj