I maintain spreadsheets of data for contracts that I trade. It only takes a second at the end of the day to put in the date, high, low and close...
I'll try to be less objective. Don't worry. There is an evil side of me that loves to gamble also. I try to put that sucker in a locked box,...
It's an excellent book list. I also have a fondness for "How I Made $2,000,000 in the Stock Market", by Nicolas Darvas. I really like the part...
One other thing that I have noticed on the 60 min charts, is that the market does not like to travel too, too far from the 38 period EMA, even...
So, on Friday, we knew that we were on the lower part of the 60 min wave. Your thoughts should be looking for evidence that the market wants to...
Since intraday trading is very difficult, any evidence of short term market sentiment will be beneficial. You should make it a habit of looking...
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I also like the wedge breaks in the middle or late day market activity. I'll post several charts to show what I mean. Hope that you don't mind...
Some Additional explanations of Value Area. 1. The High Volume Price (blue line) is a point of market equilibrium. This is where you have an...
Yes and no. I use it for day trading purposes, but as you see in my last post, it can also be used for longer term analysis. Charles
Well, you now have me wanting to look at this Value Area thing in more detail. The High Volume Buying Range of 1217.5 to 1214.75 occurred over...
The new Value Area is 1220.75 - 1215.25. The high volume price for Friday was 1217 (blue line). With the high volume price at the bottom of the...
It is interesting how the market will key off of this range from time to time. I made a snap shot on 9/20/05 after the FOMC announcement. Look...
Also broke to the upside of yesterday's Value Area (Price Range of 70% of Yesterday's Volume). Typically bullish. Charles
And an interesting wedge on ES Daily Closing Price Chart. I guess that anything can happen. Charles
Interesting resistance line on ES 30 min chart Charles
I think that we are posting at the same time. I'm a little cautious. I wait for the test bar to be complete and see a tick trade just below the...
Trading is diffenently not easy. Comes with experience. People have to remember that trading is s numbers game. The trick is to try to find a...
I'll add that I like to see the market show some sign that it will continue the trend after the pivot has been tested. I good place to place the...
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