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We're very close, guys, probably the next 15 minute bar will be a turning point. The volume is pretty low so it takes more than a few bars than I originally stated. I'll keep you updated. EDIT: We hit the mark!!! Seems like it's a LONG play, based on price action of previous...

Search up Larry Harris on Amazon. I remember that's what the managers at WTS recommended for reading when I was working there.

It seems that you're asking about PRESENT volume, not traded volume. I'm a newb myself, but it seems to me that if one were to take such an indicator, it would be prone to A LOT of noise as there are hidden, iceberg, etc orders... and just plain old FAKE present volume that disappears. I...

According to my volume analysis, there will be a turning point pretty soon. I'd say around the next 2-4 bars, and it seems like it's going to be a short play!

Thanks for having my back, circadian!! You're the man! :D Yes, I've actually came across articles that said that Gann spent more time marketing than actually trading his methods! Reading an article in which he was interviewed by Wyckoff, the way in which he described a lot of his methods...

Thanks man!!! How about you? Hope you caught a ten bagger there :D Gotta go get a smoke on on the balcony. Be right back)))

I figured that if it hit anything above 15.5, it would prolly mean the news is out and positive. But you're right. It could've been a fake-out too. Gotta be careful!

I assume you mean before an economic release? Like 8:30 AM, 10AM etc... I also do that. But I got tempted tonight to trade overnight after seeing the 5+ moves there on nights before, and I lost 700 bucks. I'm not touching it again.

Yeah I thought of that also. But if I had a buy stop jsut at 1015.50, I would've gotten in at 3.5 points earlier. :)

4.5 points!!! HIYAAAAAA!!! :D I gotta get myself a direct news feed, god damn!!! That could've been 10 points. EDIT I realized I shoulda had a buy stop in....my dumbass hadn't been sleeping all night I guess that's why I didn't think of that :D How's it going Ras?? You trade ES?

LONG AT 1019!!!!!!!!!:D GOD DAMN MOVE CAME BEFORE THE RELEASE SHOWED UP ON THE HOME SALES WEBSITE!!! WHAT THE FUCK!!! I MISSED 5 points!! Did someone have a faster news outlet???

One min before existing home sales release. This is intense :cool:

I have no doubt taht we'll break the 1015 resistance on ES today. What else can central bankers say other than everything's flowers?

Anyway, I'm going long when I see it breaking up on open.

LOL. Thanks will look into it.:cool:

That looks like a 50% retracement. Maybe it will rally.

That's certainly an interesting method, Lucrum. I didn't try to come off as intelligent, just sharing what I find, really :D

I damn nearly burned my father's IRA and cash options accounts shorting SPY back when we were at 95. Hesitated to change position and go long thinking there'll be a deep pullback. Today everything expires worthless. :(

Your post made me feel like real dumb rookie, infolode. Really :D

LMAO! That reminds me of a rule I was going to make when I was a prop trader - trade the opposite of where you think the market will go. If I had been doing that from day one, I would be the best trader that firm ever had :D