Adjunct to SCT for Visualizing A/D

Since you have been so kind to a demented old man (presumably because you have had so much practice across his kitchen table), I will share with you my primary method for system development. I continually confabulate absurd trading ideas, code them, and present them to ET as foolishness. If ET hates them, finding them to be outrageously counterintuitive, I continue development. You remember my thread "Volume Leads Price"? See the vertical red line on the attachment of today's NQ.
 

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"All high probability trades. One long and three shorts, reflecting my bearish bias. Doom. Gloom. Anxiety. Panic. Upsidedownness. Illiquidity. Foreclosure. Margin calls. Humiliation. Despair. Starvation. Sewercide. Pauper's grave. "

What a tool.
 
Quote from Joe Doaks:

"Volume Leads Price"? See the vertical red line on the attachment of today's NQ.
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You know, I find your policy of presenting ideas to ET, and then fading the majority viewpoint, quite logical - not to mention hilarious. With respect to the origins of kindness, I have always viewed your posts as coming from a different breed of bird. I can't pinpoint the actual post, but I believe Duref (many years ago) might have created it. One could almost 'see' the transition taking place from that point forward. As far as Volume leading Price, what is it about the one minute chart you find so endearing? I traded that time frame long ago with the QQQ, DIA and SPY, but liquidity never came into play. Glancing at your most recent chart, it appears, from time to time, liquidity issues might develop on the NQ.

- Spydertrader
 
Regarding time frame, I really DID try to get into the five-minute SCT thing. But I suffered extreme anxiety not being able to see inside an opaque bar. For example, my longest trade today was eight minutes. Kinda hard to enter and exit that duration of trade using a five-minute chart. I REALLY trade off of a one-second chart, the one minute is just for orientation. How YOU can make heads or tails of volume patterns on five-minute is beyond me. Those patterns are a thing of beauty on one-minute. Plus one-second is extremely useful for discerning black or red bars which aren't, which I suspect is a source of trouble in SCT.
 
Quote from Joe Doaks:

How YOU can make heads or tails of volume patterns on five-minute is beyond me. Those patterns are a thing of beauty on one-minute. Plus one-second is extremely useful for discerning black or red bars which aren't, which I suspect is a source of trouble in SCT.
More...

Just as you move down the continuum toward a 'finer' tool set (from sledge hammer to scalpel) by an orientation which monitors a 1 minute chart, but one which signals trades off a one second chart, so too does the Futures Tool Set allow a trader to 'peek inside' the five minute bar if necessary. Everything really depends on how far down the rabbit hole one really wants to go. Starting with the ES, through the YM and STR / SQU (Stretch / Squeeze), and finally, arriving at the DOM and Tic Charts, one can see a signal for change as it develops at an ever increasing level of fine detail. However, such detail isn't necessary for profit extraction. Use of additional tools (heading deeper into the rabbit hole) should occur only for purposes of optimization. As one trader learned today, simply following STR / SQU caught most of the profits and each of the turns post FOMC. Pretty cool stuff if you ask me.

- Spydertrader
 
The reason I get down in the weeds is that certainty increases there because of unavoidable cyclicality. Were I a masochist I could conceiveably trade floor rotations.
 
"I am travelling tomorrow and can't trade. So it will be a wide range day. The fact that limit order traders consistently wanted to sell to you today more than they wanted to buy portends ill for the bulls."

What more do you WANT, ET? My travel schedule? Clearly not my indicators. Can't even fucking GIVE it away.
 
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