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I heard IHS was a bottom pattern.

Maybe I'm just tired but I don't see much on today's chart: Isn't IHS normally a bottom, though? What happened there?

Here's today's chart: ES 6-6 5000 volume chart It ended up being quite the reversal!

lol @ beliving things people say on an IM forum.

Now as price reaches S1 the DOM shifts so that there is more volume on the ask side. Is price going to start going up here?

The DB was not a bottom (because the DOM was weighted to the bid side?).

What do you think about this situation? Price made a DB at ORL (orange line) which is bullish, but the DOM has more orders on the bid side, which people say is bearish.

Haha, you might be right.

All trading is predicting. If you do not think price is going to go up, why would you go long? Reacting is still predicting. If you react to what price did, you cannot make money based on what it just did, so that means that your reaction is because you think (read: are predicting) that...

Thanks for the clear reply. I don't have an answer to give because I don't know what the difference is. Obviously since all of those charts are the same except for the volume at least two of them didn't actually happen. I just used them to illustrate situations I see all the time while...

I'm not sure I understand. How do you judge strength or weakness? How do you use them for entries? What does that mean? What happens if price gets to 1645ish? Go long? Go short? Do you look for confirmation or do you trade when price touches the value? The third picture is 2 days...

Cool. So how do you determine unfair high and unfair low, and once you do, how to you use fair value in your trading?

What is "unfair high" and "unfair low"? Is "fair price" the middle of a range of highs and lows?

Charts for the last 3 days: 5-29 ES: 5/30 ES: 5/31 ES: Comments welcome. I really didn't see much on some of them.

So does anyone want to answer the original question?

Silver hasn't moved much in the last few days. Just watching.

Assume each chart is close of the most recent bar. I want to know what people think various volume levels during that sort of price means. We're in a bit of a downtrend and volume spikes on a down bar, or volume is average, or volume has decreased. Those are constant time bars so the...

Now that's interesting. Not trying to do that.

ES. For years although not consistently. No I've not seen that book. Maybe I'll give it a look. For the most part I don't read trading books anymore. I had quite a few and sold them all because they were all the same nonsense (cherry picked charts with indicators, "don't risk more than...

I didn't see the "fill in the blank yourself" until I quoted your message because it was in <>'s and those removed the text as code. Ha! I don't know how to quantify trend. HH/HL doesn't work. The slope of an MA doesn't work. I mean I can look at a chart and usually tell you if it looks...