I remember an interview with shortmeister on, yes, the laffable CNBC, who nonetheless, for me anywayz, imparted some useful advice, e.g., "Don't short valuation". I would add, particularly if it's real. It's not a bad rule of thumb.
lj
I don't understand what you are saying here (?do you mean "can't move"?). If that is what you meant to say, then are you saying further that your definition of a gap is something (a price void perhaps) which occurs when there is a market closure (what is a market closure? How often does that...
Hmmmm. What are the BSD's up to?
5-1-07: Close = 13288; Low = 13190
5-2-07: Open = 13300; High = 13399
7-27-07: Close = 13284
7-30-07: Open = 13287
The lowest low since 5-2-07 occurred this AM. The close on Friday was below the close of 5-1-07.
The volume on Friday was < volume on...
Excellent questione, Bingodude. If one is a daytrader, could there be anything better than these past few days? If you're not a daytrader or worse you don't know what it is that you are doing in the market, then indeed it is bery, bery, scary. Obstinate swing traders might also find these...
This gap phenomenon is fractal (for both tic and time interval charts), BUT if you are using tic charts it can be very difficult to use if the tic count per bar gets too low. What's too low? This depends on the total volume of tics amd on the tic volume velocity and it will change from day to...
Let me expand things.
As we all know, interday gaps are generally perceived to be more consequential than intraday gaps (depending on the circumstances this may or may not be true).
What is infrequently discussed is the great utility of the extrema of the 2 bars (candles or sticks)...
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In fact I have set the trading hours to be "RTH" only but for whatever reasons my software routinely "starts" the "RTH day" by selecting the last tic from the premarket. This however is only part of the problem. A second point is that the first tic o' the day for stocks with the NASDAQ as...
The point of my request to ToTrade was to determine, in his opinion, how amenable the developers at MultiCharts were to suggestions from active (non-casual, if you will) traders. It is not immediately clear to me how you fit into the dynamic of this communication, but of course, this is America...
Hey ToTrade,
You seem to be pretty familiar with MultiCharts (MC) and with others, reasonably impressed with what they have to offer. Do you think they would be open to the following suggestion:
Instead of having the software pick the Open on the first bar (candle or OHLC stick//tic or...
I agree that my prior post could read as suggesting that there is a "best way to make money in the markets" and further agree that we must each find what works for us. What I meant to say (and did not do so clearly) is that I am entirely skeptical of someone who says that a particular TA...
I have mounds of data from a variety of vendors to support the implications of my statement and indeed it is totally scary. It is a painful reality that the datafeeds from many of the vendors who are doing a "I'm your broker and I've got real time quotes for you" thing, suck. They are giving...
IMO, in the highest of likelihoods this has to do with Reg NMS. Can you tell me, from your experience, how accuarte the "opening indicator' was?
TIA
lj