Indeed. That thread started off quite well and shows just how most people will never understand the markets. That's fine by me.
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Here's a basic PRV tool for Qlink, not quite like Mak's but it's something. I use Mak's PRV sheets with IB as they are first class. If you scroll down column B on the qlink sheet, you'll see were to change the contract specs at rollover.
Does anyone know if or direct me to where, there are these PRV tools for Esignal and any non-IB users..? AS we near the end of February I hope this is not off topic. Seems that these tools are helping others. Many thx FilterTip
Re: Jacks post quoted above. I have seen him mention the "17 leading indicators" a number of times. Can anyone list them? All I can come up with is twelve. Second question: what is the highest profit lowest risk trades he speaks of? My guess would be dominant traverses in a fast paced market.
At 1:50, the ES is traversing in an up channel created from pts 1 (12:45), pt 2 (12:55) and pt 3 (1:15). Everything is going fine until 1:55 where we have a decent size red bar fully form outside the channel we've created. I assume that, bc volume wasnt very significant (under 6000 in this case), we just use this opportunity to lessen the steepness of our original up channel correct (as you did)? When do you actually draw in the new channel? After the 2:00 bar is almost complete? Also, how significant of red volume would you need to see in order for you to decide that this bar (1:55 bar) is signaling price heading lower as opposed to what really happened?
I have a list of 17 items (but I have not seen Jack's list): 1. Pace: Pro-rata Volume (DU->FRV->peak) 2. Volume Gaussians: R/\B, B/\R, B2B, R2R 3. FTT: change 4. BO: continuation (following change) 5. FBO: continuation (no change) 6. Flaws: hitch, dip, stall, HVS, CCC sequences 7. Channels RTL / LTL at 3 levels, volatility expansion (LTL+) 8. YM 2 min FTT leads ES 5 min FTT 9. YM/Indu premium Stretch / Squeeze (smart money) 10. DOM: wall 11. DOM: 4 games 12. DOM / tick chart: 2-pair end effects 13. T&S pace / smart money action (filter for size) 14. MACD(5,13,6): xo above/below, entwining away, neutral, peak 15. Slow Stoch(14,1,3): 80% / 20% xo 16. Sentiment change: Fast Stoch(5,2,3) 50% xo and divergence (rate of change) 17. if1 / if2 APA (intra-bar reversal) Yes, fast paced established trends = lower risk and higher profits (per unit time). AKA beginner rockets; late entry, early exit. No doubt we will be told to stay on syllabus (no problem).
I think this is what I need, if it helps anyone on Esignal. Esignal DDE syntax =WINROSlLAST!'$INDU' =WINROSlLAST!'YM#F'
I consider this part of the glossary so I see no harm in becoming familiar with it. Thanks for your take. I was not considering the different formations but I guess they are leading indicators.