Plan on spending 10,000 hours of screentime to master it, that is the secret.
I think I discovered the big guys' secret...share your secrets here!!!
- Thread starter Bakinec
- Start date
Haha, notice that it's in quotes.
I'm not doing well yet, but "less bad". Thanks again for the pointers, spades.
And here is the chart one day later.
<img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=2544851 \img>
<img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=2544851 \img>
Well, it's not perfect and would be foolish to go straight down until the next interval, don't you think?
Fact is, it immediately changed trend and went down when the interval had been met. That doesn't meet it's gonna keep on going down. Matter of fact, if anyone here did find the interval I was talking 'bout, you'll see that often it will change direction at "mid-interval" and go the other way, and then change the direction again when the full interval had been met.
Anyway, I'm not here to prove anything. Just thought I'd share something that some folks here might fight interesting.
Fact is, it immediately changed trend and went down when the interval had been met. That doesn't meet it's gonna keep on going down. Matter of fact, if anyone here did find the interval I was talking 'bout, you'll see that often it will change direction at "mid-interval" and go the other way, and then change the direction again when the full interval had been met.
Anyway, I'm not here to prove anything. Just thought I'd share something that some folks here might fight interesting.
They are. I was talking about price not behaving in a linear fashion. Say a volume interval was hit, like yesterday two hours into the close. The price immediately changed course and the market closed down. But that doesn't mean that the price will continue to fall from one interval to the next.
So, you're saying that the market may go up or the market may go down? If the market goes down it may keep going down or it may go back up, and if the market goes up, it may keep going up or it may go back down? Brilliant!!!
Hard to believe he's giving this stuff away for free, isn't it?
That still leaves the element of uncertainty intact. The only sure way to make money in the markets is to buy when price is about to go up and to sell when price is about to go down. Everything else is mere detail.