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    Iterative Refinement

    The answers you seek do not reside among the indicators. Take a look at the chart you posted. Note how it remains static - as no additional data comes in. In real time, a 50% crossover does not always signal a move in the signaled direction. Sometimes, that 'flapping' stochastic and MACD (in...
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    How do you trade a parabola move?

    You have marked your chart as a possible FTT where the market forms a Sym Pennant. At no time does Price ever make an effort to head toward the LTL. This leaves two possible choices - neither of which is an FTT. The subsequent bar (after the Pennant) has increasing black PRV when Price breaks...
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    Seems ridiculous but ...

    If they (Traders at Assent) blamed overtrading on their software, then yes. They need to take responsibility for their actions. If 'bug ridden' software created losses resulting from improper quotes or system crashes due to inadaquate testing by the software providor, then you are not discussing...
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    Seems ridiculous but ...

    It doesn't. A poor carpenter blames his tools. Everyone needs to start taking responsibility for their own actions. - Spydertrader
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    Another trader searching for Mentor, but....

    Price Action is a subset of Technical Analysis. Debate semantics all you like, but this fact doesn't change. - Spydertrader
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    OMFG European Banks in Germany and Holland refuse US dollar

    AMSTERDAM (Reuters) - The U.S. dollar's value is dropping so fast against the euro that small currency outlets in Amsterdam are turning away tourists seeking to sell their dollars for local money while on vacation in the Netherlands. "Our dollar is worth maybe zero over here," said Mary...
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    Another trader searching for Mentor, but....

    Price Action (with or without Volume), Support / Resistance Levels, Pivot Points or Price Momentum all fall under Technical Analysis. Unless these 'highly successful' scalpers / daytraders trade book value, shares float, earnings per share or some other form of Fundamental Analysis, they too...
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    Joe Doaks Builds A System For ET

    You now have discussed two different ways for defining 'Up and Down' with respect to Price. Additional (and simple) methods for bar coloration also exist (See chart provided in earlier post). What signals from the market might one 'see' by comparing various methods of coloration - beyond the...
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    Joe Doaks Builds A System For ET

    If one plans to build a system, then all variables used must have a definition. Without defining 'Up' or 'Down' appropriately, how can one ever hope to 'see' the signals provided by the market (or in this case, the one minute NQ Chart)? A 'funny thing' indeed. - Spydertrader
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    Joe Doaks Builds A System For ET

    Attached, please find the beloved NQ (one minute) colored as you described (but notably different than you executed). - Spydertrader
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    Joe Doaks Builds A System For ET

    The Blue Bar also represents what many refer to as, 'an Outside Bar' - where both High and Low move beyond the previous bar / candle High and Low. As such, trend direction (within this specific bar) changes several times. Rather than comparing to the Open, why not compare to the previous bar /...
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    Joe Doaks Builds A System For ET

    Why have you stated this choice, but failed to actually do so on your chart? - Spydertrader
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    Supreme Court agrees to rule on Constitutional Right to own firearms

    Supreme Court hears arguments on gun ownership This case holds a significant influence over the future of this country than any other case in a generation (including Bush v Gore or Roe v Wade). Whether or not the government can define Firearm Ownership as an 'individual' right or a...
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    Iterative Refinement

    You already know the answer to this question. Name the one thing you never want to see if short. Once placing yourself back on the right side of the market, what then? Monitor the dominos which must continue to fall in order to make sure the market hasn't provided another signal for...
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    Iterative Refinement

    Three ways exist for Price to move from Point One to Point Two. Three ways exist for Price to move from Point Two to Point Three. One way exists for Price to move from Point Three into the channel. - Spydertrader
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    Iterative Refinement

    You've listed one way to go from Point One to Point Two to Point Three. You have not described the only way. Seriously. A quick review of today's traverses show Volume frequently decreasing between Points One and Two (See Attached), and not (as you have suggested) increasing between Points...
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    Gentlemen, Start Your Engines!!

    The 'Go-Kart' Track I race at now and then has a similar rule. If you spin someone out, they go to the end of the line, and you restart behind them. As a result of this rule, the 'payback' bumps still happen, but at a cost. It seems to work well keeping everyone in check - and we don't race for...
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    Iterative Refinement

    I see increasing black Volume after my Blue Channel Point Three. - Spydertrader
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    Iterative Refinement

    <img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=1840239>
  20. S

    Iterative Refinement

    <img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=1840001>
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