2:04 what happened??

dbphoenix · Dec 26, 2002

Quote from nitro:

I do not think it was RLX.X that led the way. IMHO, it was MSH.X and SOX.X that _lead_

nitro

As far as futures trading, it doesn't really matter.

--Db

nitro · Dec 26, 2002

Quote from dbphoenix:

As far as futures trading, it doesn't really matter.

--Db

Hmmmm,

IMHO, it does matter, or I should say, it matters to me.

I am not trying to argumentative - As a discretionary trader, I honestly make use of the information in a strategic way during the day and following days when I trade the ES.

For a system trader, it is hard to tell if one could program a computer to make the right inference from knowing which "led" on the way....specially since the information is temporal and the time predicate is unknown...hmmm....I doubt it...

nitro

chasinfla · Dec 26, 2002

Quote from nitro:

I do not think it was RLX.X that led the way. IMHO, it was MSH.X and SOX.X that _lead_

nitro

my bad. i did see the rlx making lows when i posted that, so i should have clarified.

dbphoenix · Dec 26, 2002

Quote from nitro:

Hmmmm,

IMHO, it does matter, or I should say, it matters to me.

I am not trying to argumentative - As a discretionary trader, I honestly make use of the information in a strategic way during the day and following days when I trade the ES.

I'm a discretionary trader as well, but if price is falling, I couldn't care less why.

--Db

nitro · Dec 26, 2002

Quote from dbphoenix:

I'm a discretionary trader as well, but if price is falling, I couldn't care less why.

--Db

That you don't care is unarguable. But that is a long way from :

Quote from dbphoenix:

As far as futures trading, it doesn't really matter.

--Db

nitro

Sarasota · Dec 26, 2002

Quote from Trend Fader:

whats going on? why are the futures tanking?

-MIKE

There was an exhaustion move up, future prices turned over, moved sideways, and then found resistance on my Gann square to the tick and tanked. Fairly simple.

nitro · Dec 26, 2002

Quote from Sarasota:

There was an exhaustion move up, future prices turned over, moved sideways, and then found resistance on my Gann square to the tick and tanked. 'Fairly simple.

What is a "Gann square" ?

nitro

Sarasota · Dec 26, 2002

Quote from nitro:

What is a "Gann square" ?

nitro

It refers to a "grid" of support and resistance lines calculated using Gann's Square of Nine. Many charting packages have this tool, but quite frankly, the math used to calculate these squares is INCORRECT. For example, in most charting packages that have this tool, a 45 degree line (or a 1 x 1 line) is a diagonal that rises one unit in price for every unit in time. Makes sense, right?..... but it is wrong. This is NOT the way Gann traded. Too confusing to discuss here in addition to my desire to keep it secret.

dbphoenix · Dec 26, 2002

Quote from nitro:

That you don't care is unarguable. But that is a long way from :

"As far as futures trading, it doesn't really matter."

Why? If you're trading futures, why should the reason for the move be a factor?

--Db

GreenTea · Dec 28, 2002

Quote from Sarasota:

It refers to a "grid" of support and resistance lines calculated using Gann's Square of Nine. Many charting packages have this tool, but quite frankly, the math used to calculate these squares is INCORRECT. For example, in most charting packages that have this tool, a 45 degree line (or a 1 x 1 line) is a diagonal that rises one unit in price for every unit in time. Makes sense, right?..... but it is wrong. This is NOT the way Gann traded. Too confusing to discuss here in addition to my desire to keep it secret.

You may want to check out Ensign's charting tool:

http://www.ensignsoftware.com/pyrapoint.htm

They have done a good job with it.