Thanks Grob! I agree on the volume aspect. I'm a nut for channels and their PV. Stalker, txuk, et al, today is textbook Fed/Market action. As a result of being on a conference call, I missed the run. If your charts have dynamic scaling, note well how the activity for the earlier part of the day contrasts against the current run. Also, 26SEP05 BW is Business Weekly issue in case some of you wanted to know. Kindest Regards, MAK!
I recommend it for the kinds of people I noted in the copy you posted. Look at that paragraph and see, in detail, to whom I recommended it. There you see you are not found. You are not part of that group as you have told us by you posts and by your actions and by your attitude. So you are not a person who is in the group to which my stuff applies. As a general example that applies to mostly anything, mostly anything does not apply to all. You think that it is possible for something to apply to all. You have a very rarely found view point. Please expect that when you use this viewpoint to ask a question, that you are going to get a very standard answer that will tell you, yet one more time, that it is rare that anything would apply to all. This is a matter of thinking. Thinking is not on your resume as you can see by this new series of questions. There is a gerry who is like you a lot. If this no longer works why did it stop ? This is a very neat question. It may be possible that you thought it up having never seen it anywhere before in any place on earth. This is a shorthand question that means to ask a couple of things and by knowing each of these facets you get to determine what you may or may not do. Systems fall into a couple of categories just as edges do. There is a universal test of quality that is nice to pass. It fits into "some things never change". Addition is a great example. addition does not come and go as something that works or not. You can place check marks next to each substantive aspect of the copy you posted to see if it is still around as would be the sum of three plus four equalling seven plus or minus one or better. So what I promulgate has passed the test of time as measured by "some things never change". The things that do change over time are not too good to use, especially if you do not know when they work and when they don't. About it stopping in the past, I hadn't heard that it did. I would check your source and and not use the source anymore. Did it ever work? Yes, it is a neat way to make 75,000 dollars a year nominally by working 30 minutes a day. This was offered, as you know from your research, perhaps, as an antidote to a particular service offered by another person. Why was it recommended then but not now ? I was there then so I recommended it then. It is not recommended now because no one is recommending it. That discussion may have ended within the last five years. Hypothetically, consider what would happen if the discussion were resumed. If it were resumed, it could be recommended or not recommended. If "some things never change" were used as a criteria, it would pass that criteria. Since it would pass that criteria, then it could be safely recommended to the people who showed up to resume the discussion. You must have difficulty reading books, wondering all the while if the subject is likely to have any use anymore. The main point of "30 minute trading" is that a person who doesn't like to work or doesn't like to spend time doing anything, could just work 30 minutes a day with one contract to make 75,000 a year. These are two tough qualifications for the average Joe to meet. I don't envision you qualifiing; the distractions would be too much. Look at what happens between the beginning of any of your questions and by the time you get to the end of typing the question. As my 83 yo now departed father-in-law once said on the rolling deck of our cruise ship at the sign up sheet for a second ping pong chamionship: "Boy, I just got here in time for the last slot; it was right near the top of the page just under the guy who wanted to do another championship round". So the champ beat him in the first match of the second round. This stuff simply isn't for you play somewhere else, please.
http://www.businessweek.com/magazine/content/05_39/b3952138.htm http://www.amazon.com/exec/obidos/t...102-3639128-8704165?v=glance&s=books&n=507846
txuk... U DA MAN! SH!T... "Staying on the right side of the market" stuck in my head all day today... ALthough I haven't seen this document, just a second ago, I had an epiphony, better yet AHA, about what being on the right side is about. It is all about A/D and whom is in control. Two ways to view it bsize vs asize on 1) DOM or 2) T&S. As in the movie, I would call it the "MINORITY Report"... LOL. The prevalance of the smallest group at the table (ie. bsize vs asize). I had been observing this without "seeing" it (ie. ship on the horizon). Just for clarity, the A/D is the third variable, it is largely evident in the fine movement of a single 5 min bar. A/D can be SCT'd also. Thx again txuk... MAK!
Mak! You just posted something very profound! I need to chew on that for a bit and do some exploring... Osho, a couple of suggestions for setting up your charts: 1. Use an interval of 10 points on the YM and 2 points on the ES (e.g. each grid on the vertical axis is 10 or 2 points.) 2. Set your close up (price) bars to be black, and close down bars to be red. edit Oh, and make your volume bars match the color of the price bars. 3. Mark your pts 1, 2, and 3 for each channel This document might help some, if you don't already have it.
Here's the rundown from today if I am applying the rules correctly. Bar 1 900 BO above previous hi Long 1239.00 Bar 2 930 move higher HOLD long Bar 3 1000 inside bar HOLD Bar 4 1030 equal low HOLD Bar 5 1100 BO down REVERSE Short 1240.75 +1.75 Bar 6 1130 lower low HOLD Bar 7 1200 inside bar HOLD Bar 8 1230 lower low HOLD Bar 9 0100 lower low HOLD Bar 10 0130 BO hi REVERSE Long 1239.25 +1.50 Bar 10 0130 BO low REVERSE Short 1238.00 -1.25 Bar 11 0200 lower low HOLD Bar 12 0230 lower low HOLD Bar 13 0300 inside bar HOLD Bar 14 0315 exit at close 1227.50 +10.50 Net ES points +12.50 OK any beginner could do this right ?
Chicken, why not start a discussion on this in a new thread if you're really interested in it? Also check out Don Cameron's site on MSN which has a discussion on it, if I remember correctly.
Take a look at the 30/60 minute chart around 4/20/04 as part of your pre-flight for tomorrow. http://www.nasdaq.com/econoday/calendar/US/EN/New_York/year/2004/month/04/day/20/daily/speeches.html
Exactly. For others unaware, Laz posted a great commentary from Jack on A/D at the post below. I just saw this post for the first time this past weekend so maybe others missed it too...(we're working at it Grob ). For the esig users, there's a bidaskvolume.efs you can add to your charts to observe the switch. IMO, if using this indicator, seeing the switch is easier on smaller fractals, but beware as it can make you hyperactive. Very interesting to watch, even rythmic when observing along with the sweeps. http://www.elitetrader.com/vb/showthread.php?s=&threadid=34558&perpage=20&pagenumber=2 What do you recommend using to monitor A/D switches in control to trade the ES intraday? deep, man... P.S. Can someone PM me regarding "bandwidth". Just hit a brick wall on this one and I'm far enough behind already. Don't want to invent anything nor take the thread OT.
Please post this into the thread, it will be useful to many. mgin and Mak, great posts... I started thinking about this last week when I read an old post from Scientist regarding cumulative volume depth... at the time I had too many other basic concepts to get my head around so I didn't look into it any further. http://www.elitetrader.com/vb/showthread.php?s=&postid=411011&perpage=1