Search results

I switch to 24 hour settings shortly before the market opens and I continue that way until the first hour is completed. This allows me to see "tests" of the Globex session. I prefer to use pivots taken from RTH only because others are doing the same thing. I use highs and lows from RTH...

Somehow I am able to make it work. I use several charts with candles showing daily, 60 min and 5 min time frames. I put in pivots and I use my own support and resistance analysis. During the summer months, I play for breakouts of the day's high or low, and as mentioned in my previous posts...

Seems like every time you fuckups get an good idea it turns to crap! In my opinion what should happen is that people should learn to THINK, about what they read, about the comments that others offer them, about the values (or lack of them) that are exhibited by the folks on these bulletin...

Ah, the disarming comment. Lets see now, according to Dr. Berne, I was acting as the "little professor", an ego state that I am very good at, and you were showing us the "adapted child" holding off what you percieve as an attack with the "disarming comment"... Very, very good... I...

So my response to you is considered "persistent"? To me that sounds like "sulking"..Things not going your way so you "might" leave? To my young ears, its sounds like there is another "child" playing in the sand next to me. I hope you don't decide to hold your breath. Steve

Dr. Berne did not consider the child part of our personality malicious, but simply mischevious. Now who is running the game Mr. Authority?

Eric Berne was the author and creator of I'm OK, Your So-So" Published by Random House He believed that people should never outlive their parents, and judging from your posts, I have to agree. Good luck Steve

a dead homosexual rock star/AIDS victim ...... and you idolize him for what reason?

I think it is quite illuminating that the more money a man has, the fewer times he hears the words "horny" and "old" in the same sentence. Quite often these days, I hear instead, "I like your car"? and the ever popular "can I have a ride"? Steve

Well actually it does not.. You do need a specific minimum sample size (at least 100 data points) The odds of price moving one way or another, depend on where along the distribution, your data point exists. If for instance price tests the upper or lower channel of an LRC sized to 2...

And one last comment as regards bet sizing. As mentioned in one of my previous posts, there are a couple ways to bet this. 1. You put on your whole position size at once and look to get a specific pop (lets say 2 points). 2. You put on a token or "placeholder" position and look to add or...

Here is my last chart for today. You can see how price moves to test R1 and then pulls back. Now if you scan left, you will see that price is also testing yesterday's high I leave it to others to check out the volume.

Here is that same chart but with the last bar completed and volume noted

Thats nice, congratulations. That means you really don't need my commentary. Good luck to you. Steve

Here is another chart of current price action Note the volume and size of candle as price moves to test the upper LRC channel Now if one were to look "into" the candle with 11,738 contracts, I think what you would see would be really help you to "see" how the move develops before the...

Yes Mr. Burrows is well known to me as he was an ET member for quite a while. As I mentioned before, volume spread analysis is an important tool to learn, not only in a formal sense, but in order to develop a real "feel" for how a market is likely to move. Now, as luck would have it we...

Okay, well here is the cash As you can see I have put in a trend line to show the break out I don't see any problem with monitoring the cash markets. I prefer however to have the added dimension of volume to work with on the futures side.

Here is a follow up chart with pivots in place One can see that there are a number of tools that can be used to help look at the concept of tests. Pivots are useful in that there are a number of traders who use them and price obviously reacts in the proximity of these "lines in the sand".

Another chart showing a pause in the action and pullback on reduced volume.

Here you can see the move to test the upper channel of the LR Those top three candles show volume of 14,000, 27,000 and finally 23,000 contracts.