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Might I ask for what bar periods you found that to be true? My experience is different.

Being a believer in simple old-fashioned TA myself, would you kindly render an opinion on pivot retracements on intraday and daily scales?

Thanks, G-nome. The trick was whether or not you felt you could answer candidly. IMO it is very powerful, all the more so because ET don't believe in it. So will they now, because YOU said so, haha?

BSAM, give CD23 credit. It is hard to do a convincing Jack imitation.

Blackjack007, thank you for demonstrating to us that you know virtually nothing about improbability and sadistics. You have single-handedly given me my daily re-affirmation that ET is filled with mathematical illiterates.

With all due deference, and with apologies for asking a religious question, do you believe in and profitably employ Fibonacci retracements on an intraday or daily scale? You will of course recognize that it is a trick question.

Humor? You could not teach ET with a rhinoceros humerus. I was merely describing what I do for 405 minutes every trading day. WTFDTH moments provide most of my trading signals. Price inexplicably and quite vigorously reverses in mid-air at no discernible S/R. A picture-perfect price progression...

Maybe he is making money. That happy accident will sober even the worst cynic.

Samus, apologies if this is stupid, but my quick take on Fisher transform (thank you very much for posting), never having seen it before, is that you have three variables to optimize to get a good indicator, the period of the sample, the smoothing constant, and the shift. Not to be negative, but...

So, BSAM, I should throw out my real-time correlation coefficient studies? Because you can't tell whether causality or random walk created a straight line? And because Z-scores are utterly worthless for the same reason? But the study is so PRETTY! I like the illusion of causality because it...

The markets are not random, but traders are.

Sidhatta Gautama gave the best advice: "Fare lonely as the rhinoceros." He also advised to be a lamp unto yourself. Create a price- and volume-only chart of the future you desire. Watch every change of every minute. Make the market your meditation kasina. Be open to those events which cause the...

Indeed I did study improbability and sadistics. But I prefer to think of your tails as having run to strong S/R or to volume exhaustion. Different names for the parts of the elephant.

I wasn't referring to the cumulative daily volume, but to the volume per minute at the time of the trade.

Just asking. Then why trade when volume is so low, confirming that price is random or chaotic rather than trending?

I don't know anything about ES, but if the 25 EMA doesn't provide strong S/R intraday, find out which one does.

Don't confuse persistence with success. I presume you put that long ma on the chart to indicate major S/R. If so, why would you ignore it in taking that trade?

If that were the sum total of analytics on my chart I wouldn't trade patterns either.

They're not answering the phones because everybody there is busy trying to sit on the market to keep it from moving.

Volume in NQ just bottomed out at 15 contracts/minute.