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Interesting you should say that. I wasn't being flippant when I suggested black and white. I can see at a glance at a B&W chart what price is doing, whereas I have to study a chart that is colored. This extra time, which can be considerable, provides far more strain. Different strokes.

This isn't so much a hypothesis as it is something to observe, a "to do". You can choose to ignore the V and focus on the higher low, which is a retracement. Choose your interval, e.g., 1m, determine how high the initial bounce is, how deep the retracement, how quickly and cleanly price resumes...

That depends on the instrument, how much it moves (duration and extent), and what one wants. If one is concerned about "enough trades every day", then he's daytrading again. Or he can trade a daily chart. Or a 2d chart. Or 3d. Trader's choice.

Defining pullbacks using "closes" may not do you much good. Depends on what hypothesis you're testing. Do you yet have one ready to go?

It's a biggie, and even the gurus don't get it, nor does anyone else who claims that anything below a *m bar is "noise". There is no such thing as noise; it's just a question of how big a bundle of ticks one wants to look at. This is why those who claim to be "trading price" and are really...

There is no close. All bars are comprised of ticks, completed transactions. The left tick is an actual transaction. All subsequent transactions "print" during the interval of the bar. For example, a 1m bar is comprised of all the transactions or ticks that took place during that minute. The...

You chose an excellent day or a terrible day, dep on how you look at it. The swings were very wide and very violent. Clearly the Titans were in disagreement and the little guys had a choice between standing aside until somebody won or getting trampled. This kind of open is not the usual case.

Sorry. Right Tick. I got tired of typing it out in chat. If you watch the right tick of the bar, you can generally avoid having to have a separate chart with a smaller interval, and the less there is to look at, the better. If price drops but the right tick retraces, that can be used as a legit...

Or one can compromise and trade an hourly interval. This enables him to have a life yet trade more often than would be prompted by a daily chart. This is certainly a more realistic and practical alternative for those who want to "daytrade" while at work or at school or whatever they do that...

RN's idea is a good one, but I suggest that it be made into some sort of toolbar for the home page rather than a set of threads. The latter would quickly turn into dozens, then hundreds, of posts, all of which but the most recent would be moot. Perhaps such a tool bar could be left open so that...

2+ weeks ago I posted some "where we are" charts, before we broke 3700. Given today's events, however, it's time to post updates. The turning radius of a major market average is not unlike that of a cruise ship. If we are in fact preparing to revisit the lower limit of this trend channel...

Incidentally, this is also a good example of revisiting the territory in order to determine whether or not one needs to redraw his map. This is analogous to finding one's way by using a compass or by spinning a bottle.

This was a case where you just had to see it. The swings were so incredibly wide and even violent that it seemed highly unlikely that the hinge would be able to contain the discovery. Traders had no interest whatsoever in finding equilibrium, so an escape from the hinge was likely to take place...

I didn't see your chart this morning before logging in, but you clearly found something important. The reversal off the higher low at 62 was not out of left field, but, as I said in chat, the big problem is staying in. Even if one were to hang on during the first retrace at 1015, staying in...

You sure called it this morning. Congratulations!

People don't miss it; they just don't trust it. They've been brainwashed into believing that the market is out to get them, to trick them, to take their money. But nobody is taking their money; rather they're giving it away because they have no idea what they're looking at; therefore, they have...

Yes. We'll see what happens if and when it reaches 96.

The ES has reached a downtrendline drawn from the 7th. It could rally from here all the way back to 80. That's the nature of auction markets. But the DTL is a gauge of demand, and demand is weak. Therefore price could just as easily fall to the mean of its trend channel, currently around 1825...

Doing it oneself provides a unique sense of accomplishment. However, there are quite a few people maintaining journals here -- as opposed to TL -- who are in much the same position as you are. When you think you are ready to do so, look them over and see if they are helpful. Trading may not be a...

Indirectly. Price rose past this then sank back into it on the 6th, then made a higher high before dropping to 3685 and rising back into this level. So clearly it was or has been important.