Quote from Xspurt:
Prof L, nice chart and technique and I don't have a problem with what you do, only your insistence that you are the king to defer to and volume charts do everything.
I wish I could automate what I do so I envy you in that regard.
It is hard to examine your chart without a microscope but I have had a go by taking a recent major screamer reversal that you missed if I interpret your chart correctly. You got in on the move but somewhat late and I am mystified that you have no buy signals.
Anyway, the red arrows approximate your volume signals on a time chart and the horizontal bars show your exits. There is a simple screamer short in the box that commenced this leg down. I posted a question re. this on the TA Works thread to see if anyone was awake. Also in the thread TA Doesn't Work I posted that this reversal was going to happen in advance of its formation.
I also incorporated volume into the signal and asked what would come next, fat finger or war. Well it seems war by today's news.
But as I say, I use Volume Charts as well as Time with Volume added. And I use other fractals as well as cycles.
I am not surprised you think there was no screamer signal as when I posted a Time and Volume Chart you used for comparison you missed the screamer on Time there as well.
No matter, another 15 years and you'll get there 
Xspurt,
I post charts, I fully explain what everything on the chart does, I explain entries & exits and have even posted a full set of rules in other threads that specifically spell out the objective rules that trigger each trade or exit set up. I am one of the few people in this forum that will do that. I do not "elude" to my set-ups, I do not "tease" people about what I do and I try to fully answer all questions that are put to me in regards to my charts.
(given time
constraints)
No pun intended and none of those comments were directed at you. there are some on this site that play a riddle game and as far as I'm concerned, trading or self-investing in anything BUT a game.
I do not want anyone to "defer" to any of the information I share. My goal is to put out the information to each trader that reads it will apply the concepts and prove it to themselves that it works and they can use it or it isn't for them. Either way they validate it for themselves.
6 of the 14 trades were buy points? What do you mean I have no buy signals? And only 2 of those 14 trades were very small losses. I'd say 85% win rate and a micro draw down is a good thing especially when it can be automated and is consistent.
The few small red blue arrows that are unmarked are where the extreme trading oscillations begin. The larger red arrows on the trading indicator show resistance oscillations that are either sell points, buy exits or trade reversals. The larger blue arrows on the trading indicator show support oscillations that are either buy points, sell exits or trade reversals.
There are no horizontal bars. There is no time chart. The entries and exits are explained in the previous paragraph. This is a 117649 constant volume bar chart (price bars and trade indicator) & a 823543 constant volume bar chart embedded at the bottom just showing the indicator which I use to show the strength of this particular chart; either Full Up, Full Down, Neutral Up or Neutral Down. The chart I've attached to this post was sent to Henry Blodget at businessinsider.com blasting him for his position on TA. This chart was sent to him on April 16th, 2010 a full 12 days before the oscillation created triggering the short on April 28th, 2010 just after midnight. This is a daily chart, which is one I personally do not trade (I use a comparable CVB chart) but when I sent this to him I figured it was easier for him to understand . . . if he even could. If you know him you can verify that or if you want, PM me and I will send you a copy of the emails both on the 16th and after the trade triggered.
Xspurt, I prefer NOT to predict a trade is going to happen. I prefer to patiently wait until the oscillation occurs triggered the trade and simple execute it. I do see the POTENTIAL of that particular trade setting up to allow me to prepare for it, in case it does happen. Many times though a set up will begin to play out and then negate. This is why predicting puts traders in the realm of gambling but waiting for the oscillation to trigger and then executing the position puts a smile on my face . . . not egg.
You are looking at everything I need to trade this particular environment. I find that if I look at multiple increments of the same market (unless I am intraday and ALSO swing trading the same market) the charts will show conflicting set-ups. This is normal because each increment has its own natural cyclic oscillations.
On an fast swing basis, that "screamer signal" was called both short on May 3rd evening newsletter before it happened where numerous traders locked in their shorts that night pre-1190.00 and intraday short position the next morning between 1190.00 & 1182.00 . The reversal of that move triggered at 2:46:19 EST but you had to be quick. You would have had to trigger that trade within one full minute because the confirmation of that move triggered again long at 2:47:21 EST at around 1073.00 .That intraday signal exited at 3:11:17 at around 1127.00. I don't miss $hit.
As I stated previously, there are more than one way to extract profit from the markets. You have your way and I have mine. I know why mine works for me and I post detailed charts that show it, I can automate it and I share so others can see it. I no longer have to spend hours and hours in from of the screens. Now I do it cause I love it. You know why yours works and you are confident with it's results and that is all that matters right, consistent profitability.
Maybe in 15 more years you will find something consistent enough a stupid emotionless computer can trade for you without teaching it about the space time continuum. (You know I respect your trading & opinions. That was a playful jab)
