Question for Grob/Hershey...
- Thread starter makosgu
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Unfortunately, I am already 2 iterations beyond this and well into the 3rd. There is no real power in having these sheets, it is just a convenience factor. What I mean is that were I to wind up in front of someone elses screen where all they had was your typical charting application, I can still throw together the same layout using the features of their charting app and without an excel spreadsheet. WHY??? Because I know what the picture looks like. You can watch the gif over and over. What LURKER pointed out camtasia wise was a real enabler as far as displaying how the abstraction unfolds...
TXUK, thanks for responding to the other Q about volume? I thought it was pretty clear that the gif was of a YM alongside ES. Thanks for clearing up the confusion for anthony... Give it some time anthony... Trust that it will sink it. Debrief your questions... You've got realtime pic so you can debrief your own questions...
Kind Regards,
MAK
Apparently, I have to get on a waiting list for the Lexus LS600h. When the hostess told me this, I immediately thought "I don't use limit orders. I use market orders.".. Who want's to wait on line and even worst, pay a premium to get filled?
As usual you are right on the mark. Five minutes is a hell of a long time. LOL. I think traders, better than anyone, know how long five minutes can be. You must anticipate to trade rockets, imho. I use the Macd and Sto to tell me when a possible rocket is developing but I will be in way before the bar closes if everything looks right to me. What tells me its right? Years of watching that flapper on the five minute bar. After all that flapper is the dom, NOW for me. I suspect I am unconciously noting the things which you are laying out here, volume, as always, being the prime mover.
EXCELLENT...
I too watch the flapper from the context of the BID/ASK pair. Watching them as a BID/ASK pair is less hyper then just watching the last price which of course is just flapping between the BID/ASK pair until the depth of one of the pairs is entirely depleted. The years of watching the FLAPPER has bundled together the set of pictures that says this is a definite "GO" for a rocket. There is no question. IT IS rocketing... You are also watching for the "NO GO" bundle...
Grob knows that some time after you have had many reps of sufficient sets of pictures, you brain starts bundling the picture connections together in a manner where the reduction set edges into the prediction territory. In other words, 30 secs into a bar, you know what the 5M bar will look like... Like seeing a "/" + "-", it's the letter "A". It's kind of spooky because you're watching the RT picture catch up with the picture that you have already percieved... Your brain does an "I've seen this before, it will develop into the following bar configuration picture"...
VERY NICE...
MAK!
I am only comfortable getting in when I see the potential for a multipoint move because I am habituated to looking at "groupings" of bars. I'm going to do some experimenting Monday using a chart with only the last and previous 5 minute bar and the two excel sheets to see if narrowing my focus can change my perspective a bit.
Thanks for the explanation mak.
This tool condenses what a trader needs to look at.
I learned to do this via looking at the one minute chart and using the prorata method.
If the 5 min ES DU volume is 5000, then the 1 min vol will be 1000.
When the rocket appears at the end of a 5 min bar, look to the 1 min chart for the next bar. If volume exceeds dry up(1000) on that first minute after the signal, and the stocs and macd confirm the trend strength then go ahead and enter.
Go back to the five minute now, and monitor for flaws.
Since this is mak's thread I will not go into the ways flaws can be seen.
I am sure that has been covered ad nausem.
Best Regards
Oddi
This tool condenses what a trader needs to look at.
I learned to do this via looking at the one minute chart and using the prorata method.
If the 5 min ES DU volume is 5000, then the 1 min vol will be 1000.
When the rocket appears at the end of a 5 min bar, look to the 1 min chart for the next bar. If volume exceeds dry up(1000) on that first minute after the signal, and the stocs and macd confirm the trend strength then go ahead and enter.
Go back to the five minute now, and monitor for flaws.
Since this is mak's thread I will not go into the ways flaws can be seen.
I am sure that has been covered ad nausem.
Best Regards
Oddi
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