Old Possum's Book of Practical Charts

Quote from John Merchant:

Thank for ask. Merchant make up more and more elaborate fraud. But few see through. DBixon very cleaver. Little red line is Merchant proper riotary indicklater. Is where one minute volume fall below certain fraction of slow first order infinite impulse response filter on volume. Filter have proper riotary co-inefficient, of course. Merchant steal idea from Hershey. Like all Hershey idea, Merchant make actual work. Hershey use ES. Merchant use NQ. Hershey use five minute. Merchant use one. Just to be different. Hershey use absolute volume number. Merchant use adaptive threshold. Hershey call Very Dry Up. Voo-Doo for short. Merchant call his Little Red Line. Both useless. But to be ghue rhue, must have elaborate cahrt.

What I find even more interesting than your 'little red line' is the degradation of your english since your first few posts. Comparing the above syntax, grammar, and intentionally omitted articles (an, the, a) to your first few posts below makes me wonder why you continue to masquerade as a sock puppet.

Quote from John Merchant:

Tony, can you take a sec and explain why? Not real obvious to me compared to an ETF.

Quote from John Merchant:

I would like to follow your prediction. Could you spend a minute to post an Excel graph showing what you mean? I too am new to this and am looking for ideas.

Quote from John Merchant:

What a ridiculous notion! A properly timed futures trade placed at high probability support or resistance should have a two tick risk and at least a ten-plus tick reward. Held all day, the reward might be thirty-plus ticks.
 
Sock puppet? Merchant not even wear sock! You ever stop think? May be this REAL Merchant? May be hurt Merchant head write good english? Hard enough draw good chart. You ever read Graifer before Schumacher? Transformation amazing! Graifer probably still talk pidgin. No offense to Graifer. Love attitude. Also love book. But wish wrote in old Graifer style. Miss. Be side. Suit Merchant be idliot!
 
Quote from John Merchant:

Sock puppet? Merchant not even wear sock! You ever stop think? May be this REAL Merchant? May be hurt Merchant head write good english?

We both know better. To use your own words,

Quote from John Merchant:

Ah. A cabal surfaces. Your own brevity belies your defense of bloat.

I have enjoyed the content of your journal. I simply wondered aloud why the need to use a sock puppet delivery.

- Spydertrader
 
Sorry about the misidentification of you with BDixon. I wasn't looking closely because I was making code adjustments in real time. E-Signal doesn't pull up tick charts after hours, so I have to waste some market time fucking with tuning parms. I have tried a multitude of styles. I find that people pay less attention to what I say the stupider it sounds. And fewer people post to my threads if they (the threads) are stupid. I prefer to let the charts speak for me. If you have the persistence to get through the idiocy of the prose to look at the charts, I have achieved my goal. Plus, I get all the feedback I want from PMs. This is just for fun, anyway, as I go back to work shortly. Thanks for posting.
 
Merchant post have attract attention startup NQ market maker. Merchant leave ET. Become chief analist. Firm of Cheatham Schroohemm Apersand Bonkum. That bad news. Good news. Seventeen orphan Hershey accolyte chip in and buy Merchant thread. Will time share. You like. All trade NQ. Agree use Merchant cahrt format. Buy-buy!
 
Bad posting drives out good. You ran off Hershey, Dbphoenix, Hypostomus, and other ET luminaries. So what's left is us.

As we slink into the afternoon, I find the daily NQ chart quite disturbing. It appears that we may have an unprecented four days of consolidation. Even though the close is two hours away, price has moved back to its comfort zone, the VWAP. Although we're still guessing that MMs want to sucker you into buying before they lower the boom, our confidence in that position is slipping.
 
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