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Steve46 In response to your earlier post I am posting a chart. I'm missing a day, however, I have taken the last 4 days, worked out the range for the first 2 hours for each day, then divided the sum by 4 to get the average. Time consuming but good excercise, helps to register the numbers in...

I marked this daily chart last night but still didn't believe that the market will touch the low @10834. The numbers speak for themselves.

Steve46 Thank you for your comments and helpful chart. Are you using the IB's Pivot calculator to work out the daily pivots points? Differenet calculators have different readings!! By the way what's Calburg's DDF line? There was a similar pattern to YM if anyone was trading it today...

Steve46 1. After your market opens, what is the average length of line of the first move? 2. When (at what time during the session) does your market usually correct or consolidate? 3. What is the size of the average consolidation? 4. At what time during the day is your market likely to...

Steve46 1. After your market opens, what is the average length of line of the first move? 2. When (at what time during the session) does your market usually correct or consolidate? 3. What is the size of the average consolidation? 4. How do you differentiate between a retrace and the...

dvda420 I suggest for starters you open an account with IB and subscribe to Ensignsoftware. Study the charts and price action, put thousands of hours in. I believe an excellent article on price action written by Buffy, who posts in the Ensign B-line chat room. Her article can be found at...

Ripley T day theory is based on the premise that most mutual fund managers take Monday and Friday off, and most of their buying kicks in on Tuesday and Thursday, thus driving the markets up. ________________________________________________ Thanks for your response.

Long live the T day theory and the 10:30 reversal traders ! ______________________________________ What's a T day theory?

Divergence showing now but the momentum is still very strong and the oil report is due out soon.

Quote from mhashe: Here's a useful hint. Look at your chart book, the opening first hour range will be within 10% of the HOD, LOD or the days 50% area. ________________________________________________ I think this statement is based very much on the lines of market profile where the...

ADX is above 30. The price is hugging the upper part of the keltner channel. No Price divergence as yet.

Happiness is a state of the mind. Do you feel it? You do? You belong to the lucky few. I feel it now - I 've placed Coolweb on ignore!:p

Money can't make you happy but I think it can buy some comforts in life.

There is a divergence at the moment, but other two conditions are not met, i.e ADX is below 30 and the price is in middle of keltner chanel. Keep watching!

nnp I was commenting on jerryz posts. I was explaining what divergence means to me.

Price going down and the indicator staying flat is also divergence isn't it? Divergence, because they are not moving in the same direction. Have you read the divergence articles on nqoos site? I posted the link earlier in the thread.

I sim traded on the 14:20 bar ( est). It's the 3rd bar down and I am still in that trade. Let's see how it pans out. npp I am going to sim trade this system for a month or so and then take it up from there. I am labelling the charts are you were doing, that kind of drills the 4-5 conditions...

Kicking - If my memory serves me right, Steve46 said that he was up by 30% trading this system, apparently he had tweaked it a little to minimise his loss on trend days. Well we are watching and learning, no harm in that. Whatever works! Just shows there are generous people like npp still...

Thanks Saico, I was hoping that you will post. There is no chart attached!!!

I am using ensign software, it's clear on it and automatically drawn, perhaps someone can post their charts please. Thanks for your comments no pm