Quote from TIKITRADER:
this is a real chart snippet of the open today on the es.
having the gap removed on the open is very useful. you can really see where you left off and what is being built.
today opening es with gap removed. you can see how orderly it is.
picking up where bar 81 ended previous session and seamlessly continuing bar 1 today is really neat.
So we apply "dave's global variable fibs" to this degapped pattern of three moves. "Globfibs" only apply after the thread move 3 begins and points 1, 2 and 3 are in.
How many points from the open were "called" by dave's "firm's" "quant"?
Was it more than 25 bucks?
Lets say a person has 50K and he hired Traderzones to tell him how many contracts to trade. 2, maybe, because money management is critical and that means do not trade with much capital.
The quant has a backup with a protractor. He knows to make bigger circles with it from point 1 but only after the third move begins (after point 3 only).
There ia a 2 contract reversal on the last bar showing. The tension begins and more unrealized profits occur.
point 1 is in soon.
We are looking for point 2.
Then we look for point 3.
It hits and the protractor is whipped out and scribing larger and larger circles begins.
Will this trade net the "firm" as much as trade one did?
Find out as the chart gets to the next ATS coded FTT done by the "quant" with the protractor at dave's "firm".
Stay tuned. See Dave arc. Arc, Dave arc. The new Dave's global variable fib Protractor is pro tracting. Arc, Dave arc.
How many trades will be arc'ed in (Globfibb'ed) for today? When will dave's "quant" at dave's "firm" start calling trades. When will Dave's "firm" begin to make salaries by trading?