Fseitun, First, thx for the kind words. I truly dont have a problem people judging me when they dont know me- the beneift of the doubt, like you are showing would be nice if someone is at least trying to seem sincere, and then I actually respect everyone doing their own due dligence beyond that. But to the more important point.. You have it exactly right!!!! Let me explain... Your scenarios at a market high are right on, and variety of thngs can be happening, so the key isnt to at that moment have a grasp on what is happening...It is what follows after that sets up the high probabaility situation!! !. So lets say the market moves to new highs in situation 1, anxious buyers acting frantic, patient sell orders way above (because we just established highs werent made with patient sellers) Therefore on the next pullback, if the buyers cant regain patience they will in high probabaility remain anxious as price heads up again to where the pateint sellers are winning the tug of war and waiting.....Great high probabaility buy in this situation 2. Most of volume at a high is made of patient sellers....therefore the buyers have decided to remain more pateint possibly, we dont know yet.....so on the next pullback, we see if the pateint buyers take control or not..If they do, then we know your scenario was correct, the top was mostly pateint sellers and the market is now in balance for the time being 3. Patient sellers selling to anxious buyers.... Well this becomes an extension of scenario number one, where price makes a swing to new highs, where the buyers still remain anxious, but now are meeting up with the pateint sellers. First with my trading, you will aleady be long from way below and looking to take profits here, but from what will happen next, a new scenario unfolds,,,,,,,,, If the buyers remain anxious, price will continue to test ths new high area.......But when we see volume dry up the next time, we have a good idea that the pateint sellers in the area are now drying up, and as you say are located way above this area now............ So, this becomes key to anticipating what could happen next,.,,,You will either have to have a very big move up or down. because the patient sellers are way above, and the pateint buyers are way below....and again, it is always who wins this tug or war is where price goes...If price drops from here on heavy volume, it is likley that the patient sellers way above, now turn anxious, and the patient buyers with big volume below gain control and remain patient, and the cycle starts all over again the new direction. So I hope you can see it is not knowing exactly what is going on at each extreme, because as you say there are a variety of scenarios, but it is the developments that follow that set up the high probabaility scenarios to jump upon.
Quote from fearless9: EMC2Trader Are you selling or have an interest in selling any form of volume analysis. regards f9 Let me put the question to you again as simply as I can EMC2Trader Are you selling or have an interest in selling any form of volume analysis. regards f9
Billy, As I stated earlier, the funny thing here is we are on the same side of the argument when it comes to misrepresentation in this industry... You dont really know me, I dont dont know you, so thats where things really stand, and thats fine, but my diatribe as you say came from you immediately insinuating I was dishonest in your first post, and then insinuating if I had anythig of value to present id be hoarding it to myself, when the very person you seem to trust, Chick Goslin who makes millions a year trading, sells a book, and I presume other things as well, so if you really had an open mind, youd see not eveyone who has valuable information keeps it to himself. Like I said, I see, and have no problem, that you seem to take the role of a watchdog around here, and different people provide different answers to you, as you try to decide what is of value or not. To me, you help my cause, because I am mostly in agreement with you about what is out there, and it is up to others to decide how my way of presenting things compares to others ways of presenting things--- How about this---- Lets say you are right, that I am a "Pathetic self proclaimed guru, that can trade worth a shit..." (Can you see how this statement might lead to diatribe repsonses?) So you are now right, "I cant trade, and have no idea what Im talking about, and am I completely dishonest, and Im putting out a track record of trades that I make up out of thin air, etc..etc." Now I have a question for you......."Why am I only getting thank yous, and positive feedback from others who have starting trading this way?...Would you like me to post some of those here for you to read? Then how am I a snake oil salesman as you say, when Im charging a reasonable price for something (not $5000 like others), and, on top of that, I'm saying once you get it and do you own paper trading with it, etc...If you discover the trades I present are in fact not real, or dont work, then I will return your money, cause I actually would feel pretty bad if someone felt like they were wasting their money using this trading approach. Billy, Im very comfortbale letting others draw their own conclusions from the way i present things, and my responses.. Like I said, you have every right to doubt me, and to continue to doubt me without knowing me...thats fine, but the only real credibility of attack on here would come from someone who has tried my approach, failed with it, and then tries to rightfully warn others that it doesnt work.
Fearless, As stated, I do offer an entire trading approach that incorporates volume and big picture, so no I dont sell the volume part separately..... However, if you feel you have your own trading approach now, I would be more than happy to go over how volume may be or may not be able to help you according to your trading style if you want to email me Again, its kind of hard to for me to know what you are looking for exactly, so if you want to tell me more, I have no problem trying to be of help.
Billy, I did what you have asked, and have posted a daily trading statement for the method on my website, so Ive actually done exactly what you are asking for, and your attacks are simply becoming perplexing to me given all I have stated......
10:15 Exit at 1261.25 B 1259 S 1261.25 +2.25 It will be on the trackrecord.....Does calling the trades live have any meaning?
Posting on ET is not live due to the delay...how about posting live in the ET chat room, your trades for one day....that will shut me up....I would be more than willing to meet you in there... In fact, I will post a transcript of the chat if you are up to the task...no delay..this is your opportunity to prove me wrong for sure.
Billy, First, the trade I listed was real and live...Second, yes I would be happy to set up a period of time (an hour or so) and sit there with you and/or anyone else live, and watch the market, tell what Im looking at, and then tell you the exact trade, entry, and exit realtime, and these will be the exact same trades that will show up on the track record on the website for that time, during that day.... Since Im new to ES, I didnt even know there was a chat room, or if ths is room private, or public, etc.. so if you are interested in this, then tell me more on how to do it....and yes if you want to post it all somewhere, or verify what Im doing is real, then that is fine too Is this a type chat room? Audio? And Im really not here to shut you up, Im simply trying to convey a sense of sincerity to what I am doing ... Im here in Central US time wise? Where are you located so we can set up a mutually agreebale time?