the volume usually precedes a move and takes a few minutes,you may or may not see it on a chart that updates every second,or the lag times may be too erratic,don't know,but when i see a spike on the 30 min,i try to find the price it happened by reducing to a 3 min or 5,or 1 to find the fat spot
So you use volume, and you make money? That's great, who cares who is right or wrong. Used to share apartment with a poker pro, learnt you can't copy someone elses style even if you watch someone who's an expert for countless of hours and understand the thought process behind what he's doing. You have to take some bits and pieces that fits you and develope your own style.
Agreed. Trading style is quite idiosyncratic. But I don't rag on Jack for me to be right and him to be wrong. I just enjoy throwing pebbles at Mt. Rushmore and experiencing how futile it is trying to communicate with an immutable stone monument.
I've already clearly stated that I'm a noob and practising in a simulator, so why would I try to impress? If I did I wouldn't show a 2 point winner, since my targets are usually way bigger. I was just showing a trade where I was wrong entering but right exiting.
ignore bwol,he's in the midst of disproving himself to himself,you know,break it down,analyze the weaknesses and then rebuild a better engine,doesn't know squat about trading,just theories and math,how to fool himself, ego,all that go from a caterpillar to a butterfly stuff,still in the cocoon,his opinion is invalid even to him
No. I am strangling them one by one when they dare to nap. It's not personal. Strictly business. I can't afford to keep up all of their computers any more.
Often you can see it on one second. At 11:46:35CT on NQ there was proof today that a bunch of people trust a double tap of the open. Smallfry, too, 375 contracts in 174 trades that second.
The subject of your quote is the new point 1 that is arriving. Obviously it is a good idea to be able to measure the market when this event is arriviing from the future as the future comes into the present. The Pattern is being discussed; so have it at hand so you can refer to it if your mind has not digested it and turned it into long term memory known as inference. People who have built their minds, have the pattern in mind and the parts of the pattern come to consiousness as they "read" the market" which is different than reading what I instruct you to be able to do. Since you can't, you get to read, yet one more time during one more year, what you have passively not grasped for several years, year after year. The practical use of this statement is to have the ability to call the end of a hold to make the maximum profit the market is offering in a segment of price, volume movement. All fractals perform identically. Give yourself permission to consider this practical use. It is more important than the practical use of anything else and, as a matter of fact, you are chosing to use it to quote me and show the extent of your mind's development. We know where you are and you are going to find out what more is possible to gain from your unused potential. The snippet on your viewing platform you have not mentioned is PRV; I believe it is still not added to your platform. There is no earthly rational reason for not adding PRV to any platform. Find out what irrational basis you have for this neglect. Anyone can use it on any trading strategy as a real aid. PRV also closes the discussion of volume leading price. Its partner, PRP has never been mentioned before in public. This statement refers to a specific time in the Pattern. Mark it on a print of the pattern. "If the volume is peaking at less than the max volume from pt.1 to pt.2 and the volume difference going from the minimum trough at pt.3, then the trading fractal has also completed its pattern concurrently with the nested faster fractal.". PRV tells you, bar after bar, that from point 3 you are increasing in volume from the trough @ point 3. You are told this at the beginning of each five minute bar. Also a snippet you have coded on volume places an arrow on the top of the volume bar WHEN the real volume (during the bar) exceeds the prior volume. This is when beginners stop holding their collective breaths. since you are tracking by annotating the next faster ractal in two places, you get to see this volume "carried" on the slower than trading fractal volume as well. It is a summation of three adjacent fractals. You have an absolute comparision too. ]"If the volume is peaking at less than the max volume from pt.1 to pt.2 and the volume difference going from the minimum trough at pt.3, then the trading fractal has also completed its pattern concurrently with the nested faster fractal." At that referenced event, you put in a book market on price so begin to book mark thsi volume accordingly. As an analyst, say working for big money accounts, you are monitiring two aspects of volume bar by bar: valocity and its scalor magnitude. for each you have a reference. You are NOT just a casual reader of my works; you make money using your mind as well. All trends end after pont 3. Reread the statement it is a quantitative statement as a matter of fact. It is concise, clear and cerips in the words of E. B White. (See "Elements of Style") throughout the statement there is being made a very bold and succinct statement. Volume leads price and there are tools available to "read" the market using a fully differentiated mind. Expert reading in third grade comes from reading drills, having a vocabulary and knowing how sentences express complete thoughts. You have gained mind differentiation for reading through your third grade experience. Now you are learning a definition of point 1 where trades end and begin. the terms used in the definition are also more general and more widely used words in the system of trading and the rigid interlocking of fractals. If you see volume increasing (See PEP HS) from point 3 to point 1 (where the trends ends), you also know he faster fractal is going through piont1, 2 and 3 andcoming to its ending @ point 1. The slower than trading fractal is going from one point to another, more slowly. This tight integration is there to see and read, IF and ONLY IF, you mind has the built differntiation which contains the pieces of inference which autoatically pop up into consciousness. The pattern completes at the new point 1 when you see the PRV slacks off and the momentum of price, sometime during this 5 minute period, arrives at the exteme of the trend. The slack off of volume precedes the extreme max of the price during this 300 second interval. It is smooth and you can trade about 5 times the market capacity as partial fills duing this climaxing period. QED Why didn't Covel get any of this? Those he interviewed didn't know it either. He was dealing with the CW crowd only. You are like these people and you talk like them too. The pattern is a different world. Winchester should write a book like "Atlantic" about it. Our we should read an adventure of the lady with the dragon tatoo discovering the not so obvious relationship of volume and price. All of PEP and it applications are a paradigm shift in market trading. It is explained that I am arcane. Well ,of course, I started trading before arcane did. I hope you can read this as a person skilled in reading a language. But you have to understand that your mind, as is Covel's, a blank canvas, with regard to the language of market's operation. Tah is the way it is for most people. Neuroplasticity explains our differences. The mind cannot grow and construct a non system. That is yours and Covel's mutual problem. I, instead, worked in a scientific deductive way to build a system that is parallel to the market's operation. My system is found in a lot of people's minds these days since they adopted part or all of what the market does by building their minds. Slowly as time passes people adopt beliefs through their habits. Unfortunately, for some people they do not always abide by critical thinking (yours and Covel's cases). So now it is too late for each of you. neither of you can think critically any more. That time passed for you and for about 90% of people who lean failure instead. One one the hardest lessons I was taught was to not care if people would not learn via critcal thinking. You are just another example; thats all. We provide tools like arrows on volume and PRV and a dozen other leading indicators of price. they are trnslated into all the languages of the various platforms. You did not elect to use them so you got left behind by your choice. So you can't read and understand what I write. No one cares.