i've found that when the dom puts up a huge wall on 1 side of the mrkt ,we almost always trade thru it until that dom volume is reduced to average
Playing the clown role, or what you prefer to call it, is your choice. I have spent my career in other pursuits and a lot of them blended into the trading modelling, design and development, and operations. Nowadays, computers have come to be as powerful as needed to process any models and development and they are especially good at enabling a trader to take what the market offers. I have spent what time I did here discussing how a person can purposefully learn to become and expert in a partnership with the markets. This is a mind building process, primarily. It is a good idea to use the potential of the mind to be equipped. becoming skilled to the point of trading with sports memory is one of the possible outcomes for a dilligent person. It was for me. I chose to not keep it to myself because it is very evident that no single person or method can affect the markets (there are no examples up to this point, for example). So our paths will not be crossing and the template (paradigm) I use is not part of the CW. You make me wrong for not meeting your standard; that is cool. I had to learn to not care if a person would not consider to become wealthy using what is possible or specifically what I do. Do your thing.
There are many variations of pivots, but none of them have proven to consistently produce a working system for profit. The market reveals itself to those who can connect with it on a level beyond indicators, charts, and DOM. If it sounds esoteric, it is. Om mani padme hum.
the value is 3x the daily range (H-L). Many methods trade above this nominal range. There are trading limits for manual trading and/or automated model trading. The daily range is a good standard, simply because of the seasonally and monthly changes in market activity. To do diligence on various approaches and methods, it is necessary to use what the market offers to understand the method's application to the market. Look at yourself and your trading. What is the biggest single factor for you that limits you? It is thye time you spend on the sidelines as the market offers profits. Look further into your vantagepoint and views. You spend time when you are in the market on the wrong side of the market. You have drawdowns, for example, after you have entered made some profits, held through their being given up as the market goes against you and then continues to take you to your stop and out of the market with a loss. Stops lock in losses and you do that. Every day you see the daily range develop by stages. You are not making this range expansion nor do you make money on the retrace to the MLR line or past it when the underdamped price goes beyond the MLR. All of these offerings of the market you see traded by others. They are there; traders are trading. Fear is a terrible thing as a primary mode to be conflicted with as you observe others making money. trading manually is limited by the human capabilities. after a system is operating inside human capability, there is a lot more mney to be extracted. the capacitiy of markets is huge and it is possible to see those who are big traders doing their thing. Look at the 50+ level on the ES T&S. It hardly ever stops moving as price goes up and down in the daily range. the range is traversed over and over during the day in terms of price movement. many traders are not on the sidelines most of the day; they are comfortable and confident being in the market for each profit segment you see happening all day long. you aren't going to change; that is simply the way it turned out for you. you chose to get to where you would up. When you leave trading; it will just be like is has been for the majority of people who stepped into this world for a moment to trade a contrct or two for a while. Look at hypostomuoose and why he only trades the YM as a hobby. It is like going to the movies for him. He pays admission and sees the show and goes back to his job and family. the more money velocity a trader has the less likely he is to be to share his performance levels. you will be surprised to know that there are a lot of people you could meet who exceeed the 3X daily range (H-L). It is up to them if they want to meet you, however.
âGood infoâ is in the eye of the beholder I supposeâ¦â¦â¦. I would suggest rather than trying to find a magical S/R indicator that possesses mystical powers and is supposedly instrument specific, instead research and gather an in-depth comprehension of what occurrences or series of events take place between buyers and sellers within the market activity that create dynamic zones of confluence. st
Wall = Largest Number of Contracts on the Bid and on the Ask side of the DOM (Depth of Market). See attached. - Spydertrader <img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=1901563>