I was looking at a 15 minute chart of ES and counting the volume and noticed that at a certain interval there was a change in direction. I did this for enough days and in different months to discard any suspicion of coincidence. The turning points were not always steep, but they were there. I guess it works on other symbols too. Just a hint for all the traders out there. Not divulging the exact volume interval here. Any secret you got to share?? Just leave a hint, like I did.
Big guys' secret: (keep it quiet) Borrow money from the Fed at 0% and inflate the equity market making new consecutive $100 million profit day records.
Hahaha, that's not a secret around here, c'mon. This is not a bullshit ploy by me to get other traders to reveal their trading methods. The interval I discovered really works.
To prove that I ain't bullshitting, according to this method, there will be a turning point in the ES today at the open. It could go either way, but most likely it'll be a short play.
No replies. Everyone's probably back on their platform searching for that magic interval Not that it doesn't exist.
What do you mean by "volume interval"? When you say that I think tick charts, but you specifically mention 15 minute bars. I wish I had some big secret to share...
It could be a tick chart or any type chart for that matter, but that would be more time-consuming. BTW, are you a Lynx trader?
Not sure what you mean, lynx is just a mildly clever screen name, only meaningful to me. So no. I think I figured out what you meant earlier, watching 15 minute bars while waiting for, some number of contracts (not ticks) to go by. BTW I have noticed something similar but I was counting by time, not volume, and couldn't quite isolate it well enough to trade it.
OK let's watch this. <img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=2543406 \img> "according to this method, there will be a turning point in the ES today at the open." Gubinec's post timestamp is 08-17-09 01:44 AM
So there's going to be a turn at the open? It might be small and it might go either way? I'll be astounded if we see anything like that.