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Most of us believe that money-making is a game that is played with forces outside ourselves, forces such as the economy, the stock market, interest rates, the Fed, government policies, employment statistics and the like. But as you move along a spiritual path and begin to get a taste of the...

I'm not aware of anyone having brought it up. The OP said that the implication being that he'd rather be able to identify HLs and LHs in real time than fool with MAs, which is why I asked what I did after his first post. There are ways of identifying HLs and LHs without using "straight lines"...

Too bad I didn't start this thread sooner. We might have seen that price was coming at 106 from two different directions and done something with it today.

And mine's simpler. So there ya go. :)

No, just knowing how to draw a straight line (wait a minute!) . . .

For the ES fans everywhere: A month ago (2/8), I said that the ES would reach 1900. We came within 19pts of that today. Whether we actually make it to 1900 remains to be seen, but knowing that it would get here enabled one to avoid such things as "head and shoulders" distractions. Being...

It appears that it won't be making a third trip to the mean, so let's see if it makes it back to 110.

I hadn't planned on posting any follow-up to the post two up, but we wound up getting a mini-cascade after all. Only 20pts. But 20pts is 20pts. Shortly after I posted the above chart, price "broke out" to the upside but then went nowhere, not even enough to trigger a long. Price then fell...

Actually, Mamis came up with NH/NL long before Elder. You may also want to look at vol of advancers v vol of decliners.

Price is returning to the mean of its trend, or at least in that direction: http://www.elitetrader.com/vb/showpost.php?p=3948599&postcount=340

There's a lot going on to the left of your chart. There's no need to wonder if price will break through or reverse. Find a few dozen instances of this in old charts and calculate how many times price broke through and how many times it reversed. This will give you a probability you can then...

Seems that there's a bit of wandering into the weeds, and given the inaction of the last couple of days, this is understandable. But it is under these conditions that the discipline of sticking to the rules becomes even more important. Rules, after all, aren't all that important during a...

Unfortunately, the "ton" of free material out there is mostly what somebody thought about what somebody else wrote about a variation of Wyckoff. I'm not aware of anyone who bases his work on the original course. I suggest, therefore, that you stick to the original course, above. Read Section 7...

On the other hand, a T&S display has no lines, nor do the cells in a spreadsheet. Not that I have anything against lines. But if one wants lines, there's no purpose in using a tick chart. Use a 15s. And in case kut2k2 happens across this, this is why the "open" of a given bar is unlikely to be...

Depends on what you expect out of the short. None of this may mean anything, of course. For now I'm just playing.

Something else of interest:

I suggest that you begin with the weekly, as usual. And note that CL is range-bound. Incidentally, I'm looking for something interesting around 95.

Depends on the human, I suppose. It's just a graphic form of T&S.

Bored.

A tick represents a transaction. It's a dot. It has no high and low. It's a price, not a range.