Thank you. I am going to have to digest that for a while and let it sink before I can even begin formulate a myriad of questions
Yah. Painfully prescient. Let's see: 40 cars x $50/point X (as of right now) (1209-1188) = $42K. Not bad for an hour's work. Regrettably (for me that is) those are Spyder's numbers, not mine, as I am still back in the AM of 9-19 and won't be leaving there till the problem is solved. lj Ooootttss. Just went up another $10K.
On a serious note, anyone focusing on this is missing the whole point of what is being presented here.
Evidently, I wasn't as clear in my earlier post. You might find (Edit: Today 09-23-2008) 13:10 and 13:15 (All times Eastern and close of the ES five minute) helpful to your endeavors. Hence, 'the market provides the answers' statement in my earlier post. - Spydertrader
Thanks Romanus, that helped but I'm trying to address all the possibilities of the price/volume relationships of continuation / change in the dominant trend. I understand there may be other factors or a sequence of events that may effect these aspects, but is this the correct perspective for looking at the P/V relationship in the dominant trend? UPTREND Increased Black V with increased P = increase in P = Continuation Increased Black V with decreased P = decrease in P = Change Decreased Black V with increased P = decrease in P = Change Decreased Black V with decreased P = increase in P = Continuation DOWNTREND Increased Red V with increased P = increase in P = Change Increased Red V with decreased P = decrease in P = Continuation Decreased Red V with increased P = decrease in P = Continuation Decreased Red V with decreased P = increase in P = Change Thanks
The 10:20 bar looks like a reasonable place to start a lateral (black pace increase) but there is a data vendor problem when one comes to the 10:55 bar. I have 3 feeds and 2 of them close at 1242.50 while the other closes at 1242.25 and this would kill the lateral. I see Spyder has posted a chart which addresses and appears to get around this 'data conundrum'. I have not looked in detail at what he has said yet. Why would you (Romanus, or anyone else) in real time have picked this bar to start the lateral and not the 10:05 bar? lj