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I looked at the lines generated by the formula I posted (A-D/A+D)*10000 compared to the chart posted by trade4. the lines generated by the formula mimic the movement of the chart posted, but values are quite different. ad line produces the same similar peaks and troughs

where would those stops have been raised to?

Yes, Don, totally agree.

on page 25 of this journal, I posted a formula for lines that mimicked (in terms of formations, zigs zags, peaks and troughs) the values that were shown for this "AD" indicator. this could be verified if someone could just take the time to post this indicator for a specific date on a chart...

pekelo, chart posted is 5min with standard 20 period 2 std dev bolly bands? that line in center (where it bounced) is not 9sma, right?, it is 20period xma.

it's kind of interesting to me that volente noted 6 to 6.5 pts on profits, and the first leg down from the AH H today was 6 points. Now is Now, did you wait for a failure swing to put on that short?

LOL:p

measured move?

McC, thanks for your explanation. I have mixed emotions about volume bars. I still look at 24,000 and 5,000 volume bars on one of my computers, but in a fast market, my Trade Station freezes (quite often in a fast market) and then once the cpu catches up with the datastream, BAM, 6 bars shoot...

please excuse this question. Believe me, I have read the thread from the beginning, but I can't remember. is 770 tick your anchor chart, is it what you use for timing trades I guess I'm asking: do you drop to a smaller tick chart to time the entry?

in chart just posted by mc, what are the bars, time? volume? based

ooops, senior moment. "Burning Down the House" was by Talking Heads, not the cars.

"cars" it's a reference to the musical group from the 80's. everytime you make a losing trade, go listen to "burning down the house" by the cars. seriously: index futures grew out of commodity futures (grains, like corn, wheat, soybeans, etc). The sizes of the contracts were equal to a...

gap occurred at open 8/05 Low for that day was 1257.50 previous day's close was 1249.00

thanks, vol. takes real discipline though. 94.00 obvious chart support from Friday afternoon and overnight from Sunday. but still just seeing lower highs and lower lows. not easy for me yet. have to work on discipline.

up 7 points? isn't that the time to take half of your profits and move stop to capture at least 2 or 3 points on remainder?

I think the formation could be interpetted as a rising (bearish) wedge. a favorite pattern, but often can see a false break higher. if break higher occurs, to like 1350, and then reverses and price undercuts support line, can hesistate a day, try to move up, but then, if the low established...

Resistance?

hey, was there any sort of news headline some time around 8:30am? :p

Hey, did anyone manage to see what time this leg up to fill the gap started? about 2:32pm, right after the oil pits closed.