Question for Grob/Hershey

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EOD (BAR 81)

As you can see, there were negligible adjustments through the course of the day. YM is great as an early magnifier. Volume is even better.

Grob, if it serves you better, I can reroute. Presumably your schedule is concrete and I certainly feel it is my obligation to be flexible. Send a PM of the specific date(s) you had in mind so that I may adjust accordingly unless you have other interests in Manhattan.

Always a pleasure and Kindest Regards...
MAK
 

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I love days like today. A reminder to keep an open mind and trade the chart. I cant seem to rid myself of bias totally> I thought the market would go down. BUT I have learned NOT to trade my opinion. The chart does not lie.
 
We will make up a game plan.

Today we got some charts in the thread and they are being done in great ways.

We also get some real text around them that can be pointed to as the "human" flavor that goes with making money. There are a couple of other threads to be tapped.

So I will get the intial draft segments done and then fall into step with the "front running" you are doing on trading.

At that point we can deepen the trading with the addition of the other monitoring acutriments.

FWIW, I feel very strongly that each lap I can take with Mak on the face to face aspect of the communting will pay off in spades.

I will parallel this in stocks vis a vis the IBD monthly stuff. Several people will be getting copy from that and several people are thinking aboutcommuting here for those meetings.

It turns out that there is a lot of movement of capital from commodity indexes to life style costs and, further, there is a need to run additional surpluses into the equities stuff.
 
I dont know exactly what Stalkers situatiion is but I do know it is not easy for someone unfamiliar with the process to quickly post charts as they happen which is why I decided to get things started today. There are several ways to post charts quickly and can make some suggestions if needed.
 
Stalker asked about this earlier and I and I imagine several others have the same question. This morning bar four dropped below bar three momentarily then reversed. When did you exit this trade? I have run into this many times so I do not enter on bar four unless it is also a break of the LOD/HOD which did occur shortly thereafter on bar 6 of the leg up. Attached is the chart with 2 min volume and I dont see any clue there to get out before you were down a point..
 

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Posting charts easily...

Alt + Print Screen button => then open MSPAINT (simply go to windows->run->type "MSPAINT"->hit enter. In paint type Ctrl + V (ie. paste). Then file save as GIF (saves file size space).

Easy, my only bias is "what's next"...lol. I'm being very serious tho. You're very first posted chart for the day prompted me to post. When I saw your chart, it sparked some emotion that I ordinarily do not experience and I quickly tried to resolve what it was that sparked it. I did the following adjustment and then your charts felt ordinary again for me. Perhaps this may be of some assistance.

Kindest Regards,
MAK
 

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Hey,
I didn´t post any charts cause I had my hands full looking at the market, drawing lines, watching the charts by easy and mak - many thanks, it was very enlightening - also I had some very basic practical problems with the crappy charting program and my inexperience using the crappy program properly.
I will try to post charts tomorrow am session.

Reading what Grob have written for the 4-5 time in combination with the charts made me awary of details that I haden´t understood. It´s a combination of inexperience and language problem. Sometimes I misinterpret a single word and because of that I miss the point completely.

One thing I still struggle with is how to interpret volume, and how to decode your language when u speak about volume.
This is not a question specifically to grob, but anyone who´s got a little spare time and knows the answers.
Some stuff I dont understand:

"Three rays are used for annotating the ES volume and Gaussians are used for annotating the YM."??
- this is greek to me, lol...

"Pro rata volume"?

Seen you often write two letters on each side of the number two - x2x, b2b, r2r???

I guess my overall question is how to determine how far price will move through analysing volume. But first I need to get the vocabulary straight...

many thanks to everyone,
/Stalker
 
Quote from easyrider:

Stalker asked about this earlier and I and I imagine several others have the same question. This morning bar four dropped below bar three momentarily then reversed. When did you exit this trade? I have run into this many times so I do not enter on bar four unless it is also a break of the LOD/HOD which did occur shortly thereafter on bar 6 of the leg up. Attached is the chart with 2 min volume and I dont see any clue there to get out before you were down a point..
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For the synch period I am glued to YM at least until about 10 ish (out of the synch woods so to speak). I am still building str/squ knowledge and thus I compensate with YM annotations.

The 09:50 YM bar was a straight stall with decreased volume, so attention was focused on the 09:52 bar which nudged past 09:50 on increased volume. 09:54 was nudge continuation (ie. continued bar extensions in the direction of a long traverse - looking for pt 2). PHEW, feeling more relaxed at that point, etc...

A quick chart, I would do the bar by bar thing but got to catch a train.

Regards,
MAK
 

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Quote from makosgu:

Easy, my only bias is "what's next"...lol. I'm being very serious tho. You're very first posted chart for the day prompted me to post. When I saw your chart, it sparked some emotion that I ordinarily do not experience and I quickly tried to resolve what it was that sparked it. I did the following adjustment and then your charts felt ordinary again for me. Perhaps this may be of some assistance.

Kindest Regards,
MAK
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Well we both have a 20 pt. range on our charts but yours is more compressed than mine so it does give a slower appearance to it. You think it would help me to do this?
 
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