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Yes that is why one has to learn what tests are important Attached is a chart of the current action showing the move to take out the midline of the LRC on volume of 14,295 contracts. On the candle following the move through the midline, price tests the today's high, followed by the...

I observe that this market has rallied several times and every time that rally has been followed by a failure move. As I have mentioned a number of times. I intend to play it that way generally until the market makes me pay for it. So far over a period of weeks, it has paid to play that...

On volume of over 12,000 contracts you can see price testing the midline of the LRC. Here is the chart The third candle up had volume of 12,404 The candle that touched the midline had volume of 27,220 congrats Mike, if you were on board for that train ride.

The stop running did take place but on reduced volume of a little better than 4K shares per candle. What is happening is that periodically the market runs out of bullets. At this price point, the main players are the captive audiences in the pits, the screen traders, programs and retail...

Dont know exactly how to show it with a chart, but two candles ago, we had what I call a false break out (FBO) and it happened on volume of about 8,800 contracts. Referring back to my previous posts, you can see that we fell short of what I would like to have seen to get a move down. Edit...

If I resize the LRC to accomodate a move from that point (1272) I get a statistical probability of about 62%...so say 60% or so that price will continue upward from that point to test the midline of the LRC on a short term basis (today for instance). Those odds are not good enough for me to...

LRC is Linear Regression Channel I use that method to frame the price action on various time frames. I have posted examples of that most recently on MarketSurfer's thread "Surf Report" The midline simply bisects the channel. Steve

We are gettting to the end of what I can offer folks, but one thing that I can talk about pretty freely is this the concept that trading is about "tests" Lets begin with today's chart of the ES As you can see, price began by testing the previous day's low Then it tested the low for the...

If you choose a Vette or Mustang, make sure you know a good mechanic. Also it will help if you happen to have the urgent need to put another man's children through college. I think that about covers it. Steve

Here's a "truthful" response for you.. People with money usually value their privacy.. Good luck Steve

By the way MarketSurfer, my posts here (your thread) will stop with this one. I intended simply to show anyone interested that the LRC is a viable method of orienting yourself to price movement AND it allows you to add the dimension of statistical analysis IF you wish. Of course, one still has...

Here is a chart of today's YM for those who are actually in the game What is important to note, is that you can make money from any number of clues to market action. In this case price moved to test the previous day's high and failed. As you can see from the trend lines, once that failure...

Since many ET members are functional illiterates, any change that limits the total size of post would be a big improvement.

That kind of trader would be better off at home.

I really love nice cars. I have several that I am always working on. For going to and from the post office, the supermarket, the drug store, etc I drive a Toyota Tundra Truck. From a mechanical standpoint it is simply a superior design. Period. On Saturday & Sunday however, when I want to...

You consider THIS flaming? I think folks are being fairly circumspect with you. The first thing you have to do is stop the bleeding....If you don't have an edge, stop trading. That will do it right away. Then you need to search for your tradeable edge or at the very least an approach that offers...

Here is the action using 60 min candles, and again I have an LRC in place. You can see clearly that price is bouncing off the upper channel. Again the odds are in excess of 90% for the move down

You seem to be uncertain as to how to approach this recent price action. As you look at this next chart, you will see now the action can be put into a useful context that allows you to calc the odds of a move (depending on the status of your basic statistics skills). Here is a chart of the...

You know: I was really "feeling your pain" on Friday. You have a framework, and you bet on it, and then the whole show moves south on you. We have all been there I am sure. And so I guess I am surprised, remembering that you sold one of the best TA books ever written just recently saying...

Yes Michael: It is the weekend, and this is another clumsy example of bullshit from some poor spammer who hopes to get a buzz going about their crappy product. Looking at the handles you can see that they are all the same person. EVER WONDER HOW ET WENT FROM 40,000 TO 54,000 MEMBERS SO...