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I don't think the micropicture will tell you what you want to know. it would be a bit like looking at the butterfly to predict what the hurricane will do. that's just my opinion. maybe you'll find something interesting.

It's hard to understand where you are going with this. probably it's just me. some things to remember : - you never know if your counterpart just entered or exited. ie if you enter long, but I sell you short, we are both entering a trade. think about this one (!). - it is impossible to...

some systems can't be faded. this is usually because the expectancy is negative in both directions. ie : stops (or exit with loss) are much wider than the average win. so I am not saying you can always fade yourself. what I am saying is this : - you should fade your psychological...

you can't remove emotions (even when computers do trade, there's someone, somewhere who can get nervous and pull the plug in extreme market conditions). so you can't remove emotions. you can play tricks with them. it's not a typo. what matters are the actions your emotions trigger...

well, at least you show your true face. you maybe thought it was easier to post something useless and spam the site at night.. it does not always work you see.

big size is almost always deceptive. sometimes it's not. but imo trades matter more. in that sense the book is hardly the most important tool (that's the topic with this thread). It is useful if the rate of trades is not quicker than the rate of refresh (10 sec). not that you need one trade...

if you are only talking about the quotes from NYSE itself, OK maybe. I am talking about the consolidated quotes countrywide. I wanted to caution that the best bid on IBM might come from island or instinet, it's an example. this bid won't be in the open book. if you look at the market quoted...

you can't really know when the specialist shows an order. your comment is a speculation not a fact. also, if you look at the best bid/ask you may see displays outside NYSE (ecn, other exchanges). if the best bid/ask does not come from NYSE, you won't see it in the open book. tntneo

markets used to be much more difficult, then very easy and now pretty challenging. starting now is not the best time if you need to learn unless you have enough cash. because it will be difficult to keep it. on the other hand, training with a handicap (some athletes use extra weight) will make...

LOL ! fascinating stuff. really similar to what we do with NYSE. doing different things with indices but you make me see things in a different way now :)

Mark, that's an interesting way to use the BB. Although I think your system is more a directional system (based on the MA component in the BB), using BB to have enough volatility to make worthwhile. This is not criticism at all, on the contrary. As Niba remind us, BB is a tool, it's not a...

I do think it conforms, you read me right. However, I disagree with theorists who try to tell what the next move is and what size it will have. For instance, knowing that you are in a congestion and counter trend move, does not tell you how long it will last. Those who try to predict that...

I like your post niba. I just replied to another thread regarding E Wave. same kind of attitude : the indicator is supposed to be holy grail and work 100% and be easy mechanizable... LOL BB is common sense (well, not really, but common floor traders knowledge : price distribution is normal...

elliott wave theory is always a religious matter among traders. A bit like Apple against Microsoft type of thing (or linux vs windows, pick your religion). seriously, I agree it has little predictive power imo. but the difficulty lies in the traders. there is a big confusion between...

someone in sync with the markets was covering short not going long at the time you are talking about. counter trend moves are very difficult to catch. great if you did. the fun time was the retracement, this was easily catchable although a bit dangerous (counter trends again are not safe)...

I think many can relate to both experiences. another clue, with QQQ (and SPY too) the commish is eating a lot of your profits and increases losses. On the other hand, when trying a new market or strategy, it's really advisable to try small size. Not too small either. A rule of thumb, try to...

Good. Most people are usually suspicious of such services (rightly so). There are good traders out there some giving their trades live, some for free some not Many are interested to read about this here, just llike anywhere else. But don't be surprised to be met by much skepticism, with...

it seems no one here knows them. why don't you try and tell us about them afterward ?

everyone influences the market. it's never lasting though. you are talking about a big influence. same answer. noone has a lasting influence on the market but the market itself. sure, when someone with big pockets hits the wrong button (it does happen.. is it really a mistake though ? hehe)...

averaging down (on losing position) is usually wrong. or let's say, very few people can get away with it. scaling in (down or up), I like and do a lot. it's a way to admit that you aren't God, and don't know how to get the 'best price' once you defined the direction. You let the market tells...