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My excuse is that I am so well automated that I can turn off my screen and tell what is happening from audible status alerts. If I miss an entry or exit by the few seconds it takes me to get re-oriented from ET to realET it might even improve my expectation. Price is either doing nothing or...

Oh, my! I thought everybody traded here.

And there are a few of us who watch the markets closely (in my case, second by second), and wonder where all the Hershey trades are at the times hindsight indicates they should have been made. If they ARE trading, they aren't trading large.

Two traders whose totally different systems produced identical entries and exits would argue nonetheless about whose system is better.

Did it ever occur to you that we do it because we LIKE him? Ever see the Kigme in Li'l Abner? A Kigme always has lots of friends.

Sancho is always happy to oblige the Don. Surely you remember the old joke from our misspent youth: "She offered her honor and he honored her offer. And that's the way it went all night, honor and offer, honor and offer..."

Odd, that if I were to substitute into your post my reality-based beliefs for your theoretical ones, I could be talking to you, or you to yourself, or both. “The subject of your quote is the new point 1 that is arriving. Obviously it is a good idea to be able to measure the market when this...

Back to you after the close. I copied the post, so you can now delete it in good conscience.

Often you can see it on one second. At 11:46:35CT on NQ there was proof today that a bunch of people trust a double tap of the open. Smallfry, too, 375 contracts in 174 trades that second.

No. I am strangling them one by one when they dare to nap. It's not personal. Strictly business. I can't afford to keep up all of their computers any more.

Agreed. Trading style is quite idiosyncratic. But I don't rag on Jack for me to be right and him to be wrong. I just enjoy throwing pebbles at Mt. Rushmore and experiencing how futile it is trying to communicate with an immutable stone monument.

I don't know dip about ES, but my volume rules said that the likelihood of there being a trade in NQ around 7:35CT was poor, despite there being a double tap of a Dow retrace. So you used volume to get out, whereas I would have used volume not to get in. Thanks for sharing that trade. Nice...

Jack's fixation on volume simply proves that he doesn't understand price action. If he did, he wouldn't need to draw those cretinous channels, and would instead be teaching the faithful about support and resistance.

Good question. Because total volume conveys information about when to hazard taking a position and when not to. And large trades, no matter what the total volume, suggest possible inflection points.

I watch a one second chart all day. I know intimately how unrelated price and volume can be.

Let us not play Jack's game. Let us instead think. I am looking at a premarket one-second chart which is running strategies that work during the regular session. Often they also work premarket. Price is moving by several points on invisible volume. One contract this second, five contracts the...

"If the volume is peaking at less than the max volume from pt.1 to pt.2 and the volume difference going from the minimum trough at pt.3, then the trading fractal has also completed its pattern concurrently with the nested faster fractal." Thius is a typical Jack totally qualitative statement...

Gladly. First of all, that is not a complete statement of Jack's PV theory, and I do mean theory. It is an optical delusion attendant to the selection of a chart period of five minutes, and resultant from the blurring therein. The truth is abundantly clear on shorter time scales such as one...

Pick a clearcut unequivocal quantitative statement by Jack that you believe to be true, and I will be happy to oblige. It will be harder for you to find such than for me to demolish it.

That is not the issue. The issue is that writing about trading doesn't require more than an eighth grade reading level. Nonsense cloaked in lofty language is still nonsense.