Simple Profitable Method

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Quote from snarlyjack:



I have come to the conclusion that it is the mind/writing
of a genius.
More...

Mozart wrote his first sonata at the age of 4 and composed his first opera at the age of 12... thats a genius... the rest of us are just trying to sound smart and hoping nobody works out we are making the big words up
 
Did you read that article about Traderbot and its many clones. They have computers that catch any price descrepencies and recently moved closer to the exchanges in order to save a few thousandths of a second execution time. Scalpers are competing with these people. Im moving back to larger time frames and going for larger moves so I can relax a bit.
 
Spidertrader,

I read your posts and totality agree with you.

Now I am kinda a "nubee" here so be easy with me...

When I use the Stochastic and macd indicators they make sence to me. When I draw in the channels (just started playing around with them), I can see the paths.

In other words, your on a train...when the train changes direction, you jump on/off. The trend change could be short,
intermediate or long (who knows). It's not for us to know but
for us to react to the change in trend.

So...what us "nubees" need is a good old fashioned "How to
Draw Channel's Correctly Class"!!!

I can make some educated guess's on how to do it, but at best
it would end up as a guess on my part.

Do you know of anyone qualified to train us "nubees" the
secrets of "Channels"?...

Thanks

snarlyjack
 
Quote from Trader28Lite:

It's all good, I'm playing with Jacko's forecast oscillator on a 2min chart for the scalping method, looks promising so far but I cant read through all of Jackies stuff, I mean I barely listen to my wife let alone sift through reams of technotradenology
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rofl
 
Jack or Spydertrader,

Let's talk about volume for a second. I have noticed that Jack
watches volume very closely.

In my system there are:

(1). Volume bars, at the bottom of the screen that turn green or
red depending if the price bars are going up or down.
They change every bar, red/green, red/green,
red/green. It would be tough to time the trades
using my bars.

Or... different indicators and systems.

(2). Accumulation-distribution crossover.
(3). On Balance Volume crossover.
(4). Volume Price trend crossover.

I've tried my volume systems in the past and they don't
really move like the macd or stoch. When the macd and stoch
turn up/down the market will turn up or down pretty quickly.
Within seconds...But my volume can be above the zero line and
prices will go all over the place and the volume will stay steady.

Could a person time the market (ym) using volume indicators
and volume bars?

I know it's a weird question, but thanks...

snarlyjack
 
I've read over a fraction of the hundreds of pages of Jack's writings and he does talk about volume being a leading indicator that can somehow be used to time entry into a market. As I understand his writings Jack states that increasing volume suggests that an existing trend will continue (up or down) and a low or decreasing volume indicates an ending trend. What I struggle with are that (1) volume itself doesn't often seem to "trend" for more than a bar or two and (2) how much of a volume change is significant enough to make an entry decision on??
 
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