Quote from RedDuke:
___*The purpose of this thread is to get people acquainted with this contract and its specific characteristics.
Regards,
redduke
Quote from TIKITRADER:
Thanks RedDuke sounds good. I would like to continue to contribute here with information on the contract everyone can benefit from.
Charts posted were to give a visual for those who may have not seen this instrument, though a plain chart would have been adequate for the purpose of example.
Maybe you could mark on your chart where are the trading points (entry / reversal / exit) for beginner and /or advanced beginner levels ...Quote from jack hershey:
Here is a detailed attachment. ...
http://www.elitetrader.com/vb/attachment.php?s=&postid=2786298

This discussion seems to ignore the information provided by volume, and rely exclusively on price, in spite the fact that this method claims otherwise ...Quote from TIKITRADER:
Thanks Jack.
Greens represent the cancellation of the formation of a pattern.
This would be the new forming pattern correct ? Then bars involved in the canceled forming pattern become part of the prior pattern.
I also noticed for the first time there is a volume difference at each green.
Is this necessary for green or just happened in this example and has no importance?
http://www.elitetrader.com/vb/attachment.php?s=&postid=2786411
Jack,Quote from jack hershey:
charts,
hi
Your comments are right on the mark.
This instrument is nearly perfect for trading using market variables.
I didn't figure out what I did to step out of line vis a vis the theme here.
The point of looking at any instrument is to take advantage of market 'tells' to be able to take the offer. P,V is really terrific for this instrument and doing the skill progression is very doable.
I was emphasizing making use of the instrument. The timing of trading is very clear.

Quote from charts:
Jack,
It's just that your point of view is not welcome by this thread's originator because it distracts from his point of interest. Just keep contributing on other threads. No harm done ...
I'm sure that the timing of each trade is clear to you, but it would definitely be useful to a beginner and advanced-beginner to see how it is done, how to deal with cancellations, fanning and acceleration, how to stay on the right side of the market, when to make each decision.
It would show the increase in banked points when a beginner graduates to the next level.