YM Traders

Quote from ollep:

When looking at this chart at least.. but it's like playing with statistics.. another expert... another view..
I'm bearish as ong as the chart proves me right.. :-)

Another view?
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yes, also TA-based: As long as the issue with that GIANT H/S-formation isn't resolved, I'm bearish.
 
hi volente ... this t theory or t day theory is yours ?

and is it only working for you intraday ?

a gentleman called T L written about in buzzys book mentions T theory .. but I think his has nothing to do with whatever you do here

:)
 
Quote from SethArb:

hi volente ... this t theory or t day theory is yours ?

and is it only working for you intraday ?

a gentleman called T L written about in buzzys book mentions T theory .. but I think his has nothing to do with whatever you do here

:)
More...


Terry Landrys T Theory is nothing but an arcane extrapolation of head and shoulder patterns. See more at http://ttheory.typepad.com . Volentes T Theory is nothing more than a play on market psychology. For whatever reason ,the middle of the week has more volatility.

This is my take on the market psychology behind up and down days of the week. In a bull market Fridays are good for longs as traders hold positions over the weekend expecting the market to go up the next week. In a bear market Fridays and Mondays are good for shorts because traders don't want to hold positions over the weekend. And those who do hold, come and sell on Monday since everything they read in the weekend seems to be bearish. Also Monday is usually the day when large funds dump positions. As far as middle of the week being good for longs or shorts, it's probably 50/50. But since the volatility is good, both Shorts and Longs can make $ thereby reinforcing the bias for those on each side.
 
Quote from SethArb:

hi volente ... this t theory or t day theory is yours ?

and is it only working for you intraday ?

a gentleman called T L written about in buzzys book mentions T theory .. but I think his has nothing to do with whatever you do here

:)
More...





The T day theory is my own invention. But I did get fired up when I was reading and they mentioned the other T theory in the book. It works about 80% of the time intraday and even on overnight holds. It has a greater chance of working on gap down days and also when applied in the morning but the main premise is that if the market is down on a T day, there is a high probability that it will bounce back to breakeven or green, if you can also catch it at a support level, then you get results like today.
 
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