Brother miramaximusplus, so are you talking about me? Hey, I have no complaints. Thanks for your concern. Seriously, you have wasted enough of your time here. How many years? Do you think anyone appreciate what you have done here? I can tell you, no one. Also, nobody is responsible for your inability to become a millionaire. We are all adults and Jack is not making us to buy anything. If I were you, I will either seek another methodology that I find comfortable or come out one of my own. Peace.
Now that it has been proven that Volume leads Price - ALWAYS, the question becomes 'how does one use that information to carve the price turn?' DUH, ftt's of course !!! But what if you don't know that you have a ftt? Well, DUH, you're shit out of luck!:eek: or you can use another leading indicator - Market Depth More specifically, order book delta (the difference between limit ask and limit bid offers) offers more precision. Here's a chart identifying the ftt using OBD.
Sorry Jack, scream and obfuscate all you want but there's nothing unreasonable about pointing out the FACT that your predicted turning point of a lifetime was a really bad call. http://www.elitetrader.com/vb/showthread.php?s=&postid=3046280&#post3046280
This begs the question...if the turning point of a lifetime (short signal) turns out not to follow thru, shouldn't that signal the ultimate buy? Judging from the chart you posted, it seems his call was at a major inflection point. 9/1/09 has acted as the bottom for over 2 years now. I'm not sure how long you have been trading, but your argument fails to notice that, even though his call was wrong, his entry point for a short was absolutely perfect (for taking a shot). Many of my "wrong" trades happen to be intra-day inflection points too so I can see where he is coming from. Just try and think about it intuitively.
"Now that it has been proven that Volume leads Price - ALWAYS.." I guess I was asleep when the proof was shown. All I have seen are a few well chosen charts.
Most use the PRV which is available 12 seconds into a 5-min bar. Here you find the Peaking of volume about 2 to 4 minutes ahead of the price extreme. For the 300 second duration, you get to look for the time the bar stretches to it's maximum. MAX put up those values in a PACE vs Volatility chart. Also use the PACE vs Overlap. As you say the DOM will have a WALL at this price value as well. But you have to undeerstand three other leading indicators here by assessing the games played by smart money on the DOM. As you look at the S/S, you see 20 to 30 seconds before this price extreme, that the smart money has switched sentiment sides (Use the color coding and when the axis is crossed.). Prior to that you have two more leading indicators as measured by velocity and acceration of the envelope. On the OTR chart you use the two pairs analysis and regard the shift in dominance at the extreme of the pairs. For the three indicators you observe the fast Stoch going through 50% line and the cross overs on the slow Stoch of the 20 or 80 (which ever applies). The MACD will be doing a sequence of 3 cases according to C to Xover to D; then it will reach the designers absolute value for the impending trend. (For humor, you will remember T28 choosing the wrong signal a while back) By using the YM as a leading indicator of ES, you have a series of leading signals on the next faster fractal. The sequence is 1, BO of RTL, 2, 3 and the ftt. Many minutes could be involved in this faster fractal sequence. All together, if a person's mind is fully differentiated by using these degrees of information, the market trades are done with certainty that comes from the fact that a binary go/nogo system is used. The binary signals are also sweet in that they have a vector dimension as well. No betting; no prediction, just "anticipation" that comes from an order of events well understood from building the mind using drills. QED.
You misunderstand... I'm not saying cd23 isn't Jack. I was saying he took someone else's (jreynolds212) prediction and tweaked it. Go back and look at your own link and the post immediately above it. Maybe you should start from the assumption that YOU don't get it. Here are a few links to get you started: http://www.elitetrader.com/vb/showthread.php?s=&postid=2832629&#post2832629 http://www.elitetrader.com/vb/showthread.php?s=&postid=2679113&#post2679113 http://www.elitetrader.com/vb/showthread.php?s=&postid=2781897&#post2781897
LOL ..... Too bad you missed out on how deduction works. You are almost as humorous as Tradr666 and his minions. the way it works is that you do the proof yourself and you do it over and over until it sinks in. you mistaken comments seem to be based upon induction.