I think it comes down to being a technically astute operator. But the more time I think about it, the less astute he seems. Like another zen koan.
After thinking a while they all look like a$$tute$ .
I could not find the miles-per-gallon meter in the heads-up-display either. Not that I drive or fly machinery either, but always helpful for those that engage in heads-on collisions.
With regard to the nite session, your observation is most astute. We too believe that the nite session is very often predicts the nature of trade during the day session.
If you overlay a day time frame bar chart of the day session in one color over a bar of the entire session in another color you will see that in the majority of the days that the part of the nite session not "covered" by the day session acts as what Peter Steidlmayer used to call a tail of rejection and it drives the day session as shown in the chart below.
There are several other, more technical, indicators of nite session sentiment and those can be read from an application we built to train our guys which is also shown below.
In answer to your question about "TL" - Sometime ago I made some posts here to ET that were of similar content and quality to this thread, this thread and this thread. The content of the posts immediately drew the ire of those posters with many, many posts, most of which where content free, off topic and management did nothing. So many contributors left ET and like me went to "TL" which is Traders Laboratory.
This time the experience here on ET has been entirely different. Management here realizes the value of "real" content and is quick to delete, in accordance with ET's terms of service, all such off-topic, content free and harassing posts. I applaud this effort by ET management and hope to rejoin those who contribute to the ET community.
In this chart please note the "red" tail on the day before yesterday's sell off.
In this shot of our HUD taken about an hour before today's (09/02) open you can see the buying that is just starting to meet the way above average volume and strong overnite selling:
well UB, what if i told you that i could post a chart - with nothing only price bars - that could show with a high degree of probability what the big boys will more than likely do next - there being only 2 options avaiable
you are misleading everyone by telling them that price bars can not be used effectively to see what the big boys are doing - and just because you do not know how to do it does in no way mean that it is not possible
what is your angle? - is it to help people to help themselves or promote (sell) some trading programme that will allow a trader to make big money trading the ES - if the latter then it is very easy and straight forward - just publish the live results of the last 100 trades and we will analyze it so that any person will be able to see just how consistent it is in pulling profits out of the market
straight answers please - as it is always best and will show if you are genuine or just another blip on the screen!
Today's trade (09/01) recorded the biggest net short by commercials in recent memory.
We track daily net longs and shorts by commercials and today's trade showed a net short of 188,604 contracts. The closest we can find to that was a net short of 153,682 contracts which occurred on 2/10 this year amid all that frenzied selling right before the low in March of this year.
This selling was obvious throughout the session as evidenced by this chart and the HUD below.
This shot of our Market Heads Up display, which is demonstrated on another thread on this forum, was taken less than 2 hours after the open and reflects the selling which continued throughout the day.
is that a flying saucer i see appearing out of the night sky
can someone please give Mr Ross a shout as I wan't to borrow one of his hooks to catch a few fish
and when you are at it, why not ask a few others to drop by as well, sure we might as well have a party when we are at it - take your pick, as there are 100's of them to choose from
guys - i am not trying to be smart here but what a would be serious trader must understand is that most of it is just rubbish and there is no need what so ever to complicate things
take my simple chart above and draw a few straight lines - place your trade when the price moves to the least risky position on the chart - then only 1 of 2 things will happen - you will either win or you will lose - repeat this enough times and you will be a net winner - providing you place your lines in the right positions - which is not that hard at all if you but sit back and have a look:eek:
you do not need to know what the big fools in the financial desert are doing - the main reason being that they do not know themselves - most of them are bots
you will have to guess what will more than likely happen next yourself - but the probabilities are right in front of your eyes if you but let your mind see them!
one thing is for sure - the price is not going to stay in the one place for too long
would any of you like to see what a $ trillion looks like?
