On 10-case geometry and beyond

stepan7 said:
Look at anemic volume (<10% magenta horizontal line) midday, It can't move price one way or another. In this case any rising/peaking volume mean end of the leg.

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Hi @stepan7
The percentages for your volume bands... what is the time period for calculation? IOW, what is the look-back period?

I use percentile(or rank) calculation (different than average) based on monday prior to rollover day of previous contract as start point. I also calculate range of bar per that percentile/rank. Auto updating of course. Rounding is a display option, lol. As is which/what percentile(s) are displayed. It's based on the work Mak did on pace... vol vs vola.
 
Anticipated us going up off the open; that was pretty straight forward. One long on Bar 3 open that I dumped a little too early @ post-OB IBGS--just sim for now to see how well the rust comes off.

Watching less closely after the Non-Dom drift from 1030 onward. Found myself thinking we'd start another dominant long run a little sooner, either after 1110 or 1155, but I was incorrect. Seems like we might finally be getting it now.
 

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Hi Hero... take a look at a 15 or 30 min. NQ has been stuck in a massive 300 point range. It walked outside the upper side today. Based on volume, it's... ummm, let's just say, non-committal. The range is what is so damn "attractive".

Welcome back to the cliff of the abyss!
 
Here's my 30. All my stuff is de-gapped so not quite apples to apples, but close enough perhaps. High pace give such clean gaussians. Everything up to 4/11 mid-day was pretty straight forward to me. From there gets trickier. Doesn't quite finish in a manner that has me thinking it's Dominant R2R from then on. Today's open had some conviction as well.. far from certain but if I force myself to pick one view I'm still expecting at least one more leg on this up-trend. Tomorrow's open should be interesting.
 

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tiddlywinks said:
Hi @stepan7
The percentages for your volume bands... what is the time period for calculation? IOW, what is the look-back period?

I use percentile(or rank) calculation (different than average) based on monday prior to rollover day of previous contract as start point. I also calculate range of bar per that percentile/rank. Auto updating of course. Rounding is a display option, lol. As is which/what percentile(s) are displayed. It's based on the work Mak did on pace... vol vs vola.
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Volume Rank:
10% magenta
30% red
50% orange
70% green
90% blue
Dynamically adjusted based on all bars loaded.
Usually I load 1280 Bars per chart.
On chart below there are 1280 days loaded i.e. 3.5 years of data.

QQQ: Red channel back in place where it belong to. Volume continue to drop.

QQQ (Daily) 11_27_2017 - 4_12_2018.jpg
 
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Here's 15min NQ from TradingView and the 300+ point range I'm referring to. Volume seems to be drying up, but I won't make any call on "seems". The markets in general right now are headline and social-buzz driven. I don't have a news feed nor do I tweet. I guess that makes me a twit.

zF3YfYJt.png
 
6:45... The Grand Poobah of PoDunk had steak with grilled onions, with a side of garlic mashed potato(e)s for dinner. SELL! Poobah has a meeting with the Great Gazoo!!

7:30... The Great Gazoo "seems" insulted the Grand Poobah has not brushed his teeth. SELL!!

7:45 ... Upon removal of dinner plates, it "seems" the Grand Poobah chewed and consumed several sprigs of parsley that accompanied his meal. The Great Gazoo was merely disappointed, not insulted, because there were no leftovers! RALLY HARD!! NEW HIGHS!!
 
tiddlywinks said:
6:45... The Grand Poobah of PoDunk had steak with grilled onions, with a side of garlic mashed potato(e)s for dinner. SELL! Poobah has a meeting with the Great Gazoo!!

7:30... The Great Gazoo "seems" insulted the Grand Poobah has not brushed his teeth. SELL!!

7:45 ... Upon removal of dinner plates, it "seems" the Grand Poobah chewed and consumed several sprigs of parsley that accompanied his meal. The Great Gazoo was merely disappointed, not insulted, because there were no leftovers! RALLY HARD!! NEW HIGHS!!
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“Do not allow yourself to become excited, my friend.” - From Edwin Lefèvre, “Reminiscences of a Stock Operator.” :)
 
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