Quote from dcraig:
With all due respect, this really is off topic. Why don't you start a thread in the software forum ?
This thread is about DOM behavior.
dcraig,
Thanks for helping this thread get back on topic.
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For those traders who have downloaded....the ACV file on the first page of this Thread....you will see the Picture....where Price goes into a Range Condition....or "Price Consolidation".
Tomorrow....after the market closes....I will be doing a Webinar....a two part series....the first Webinar is about....Indentifying a Range Condition....the second Webinar will be about....How I Trade a Range Condition.
Basically....I Identify the start and end of a Range Condition....on my Trend chart....and once I Declare that Price has gone into a Range....I need to wait for the True Break Out....before thinking about doing another Trend trade. While Price is in the Range Box....I have Specific Rules that tell me the Difference between a Fake Out or Sucker trade....and the True Break Out of the Range. If the Range is Large enough....meaning there are plenty of Ticks available for Scalping....I will then Scalp the Range....until the True Break Out.
I use the ACV....to help Identify when Price is going into a Range....and Breaking Out of the Range. So the ACV and Range Conditions go together. Using the ACV to Scalp....when Price is in a Range....is one of my favorite ways to trade. I used to Burn myself on a regular basis....trying to figure out whether Price was Breaking Out or if it was just a Sucker trade. Most of the time....I was the Sucker....got Stopped Out a lot. This still happens to me once in awhile....but not very often.
I will not be talking much about the ACV....as the Webinar will be 45 minutes to one hour. Just take another look at the ACV pictures....you will see what I am talking about.
The Webinar will show how I use Specific Rules....to take a Disciplined approach to trading a Range....and for trading in general.
If you want to attend....just send me a PM....and I will direct you on what to do.
Hopefully....this will help some of you. Just so you know....this is not perfect....but it works for me....most of the time.
Good trading to all.
VSTscalper