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I use both, and find both speak intuitively. FWIW, if you put up a graph of volatility, you can tune an ATR to match it. It is, for me, an instructive process.

Heh. "Sorrrr-ryyyyyy" Busy day, here..... So then! "BTDT" 'is what the kids say' when they've Been There, Done That. If you didn't get it, and you're younger than me, that means that my New-Fangled Slang is SO OLD, it's actually new AGAIN. Ohmigawd. That is like, SO sad. So, FWIW and all that...

The call-side was 295/300 -- whoops -- damage is capped at $5. HA! The edit function was still connected. Sweet platform, this ET thing...... (thanks, JJ!)

1) Let's remember that, for Pekelo, TSLA numbers are illustrative. 2) Spike: for the example, TSLA has been camped out b/w $185 and $235 for quite a while, and only recently made it back above $240. But it's $268 as I write this, so a "spike" to $300 would be in keeping with a market-wide...

If you use the scanner for your grossest filter, you can use the columns and their content-ranking ability, and then filter down to the top _X_ results, and get prettyyyyy darn close. I don't know what others offer, but as a recovering equities tick scalper, I could bring up a Top12 Candidates...

Many many people go that way -- your "...that I wouldn't mind to own" is a key factor. But the bias is still "long [the] market", and that's just not me. (As a tick-scalper / option-writer, owning the market would shorten my life.) "How does that sound?" Sounds very common; I THINK a lot of...

A note on the so-called "Elliot Wave Theory" -- since all indicators use past price and/or volume as their inputs, arguing about the merits of individual indicators is too often like arguing about whether a Ford is better/worse than a Mercury. Jeez. That said, I make an exception for the folly...

Any oscillator will predict a whipsaw -- if you define "whipsaw" as a turn. An oscillator will indicate a ripe turn sometimes *too* often. But maybe somebody needs to define "whipsaw" before we go much further. (Because right now, it's going to come out like "weed" -- "any plant that grows...

Thank you both for the great intel!

Well, since the expiry is *exactly* the same, the difference between the future contract ES (Mar17) and the SPX index is the only thing that remains. We have roughly 4.5 pts between the SPX and the ES Mar17 future, and with the difference between the strikes being $5, you've got a 50¢ (roughly)...

Along with sharing this TWS on my machine as with yours, every morning (pre-dating 949.3d??), I have to grab my Booktrader, go to settings, check Display DeepBook Buttons, then UNCHECK Display DeepBook Buttons, and then Apply...... Ev-er-y friggggginggggg day. But then, after the busiest of...

Just BTW, there is no such thing as "TWS Classic" -- there are only version numbers as available from the HELP pulldown at the top of the page. FWIW, the word "Classic" is in use, by IB, but in regards to TWS color palettes. Sorry, but that's it. There is even the "Mosaic" *mode*, describing a...

Make sure you're not looking at February 16th/17th.

If indicators give a similar reading for "fairly different" price actions, then blame the user, not the unthinking, mechanical, algebra. No so-called "indicator" should be used right out of the box, but 99% of traders do just that. Price itself is also an indicator of "things to come" -- but...

Ahhhh HA!!

ALL indicators work off of history; there is NO SUCH THING as a forward-looking indicator. So, can you look at *history* and perceive patterns common to a turn? Yes. I favor Lane's Stochastic, and the Money Flow Index (a Lane's Stochastic weighted by volume). I also watch Wilder's...

On the bottom-right of each message is a "Like" and "Reply" and some 21st Century button called "Share"....... Your screen may be centered only on Post Reply || Upload File|| More....

Haven't fiddled with that stuff in a while! "Let's see what *this* button will do.....!"

Pekelo -- consider doing broken-wing butterflies, if you don't want to fall into the "Ooops!" Trap that JackRab points out. For example, 245 +1 250 {skip} 255 -2 260 +1 260+1 265 -2 270 {skip} 275 -1 This trade nets to a -1 (x $5) hit on margin -- the same as a vertical or a (two-sided) IC...

Don't re-ask your question -- do your homework, first. Tell what you learned; *then* ask.