I was surprised that today I actually had no trouble following the movement. Especially in the morning everything was clear. Now in the afternoon it looks to me like it wants to just step out of all my channels and then take a new direction.
As a newbie at this style everything looked clearer than it has in the past following this thread. I think the nice wide swings and really high volatility makes it easier than those days where the ES ranges 3 - 4 point. On a day like today the market seems to make long sweeps in channels and breaks out cleanly at times. I will want to test this more on days that are more normal as defined by how the markets have been over the pas few months.
Very true! FOMC is another mover and shaker. To pick off the low volatility days, it is a matter of noting the volume. When volume (PRV) kicks in, volatility kicks in. In the low range days, for most people anxiety takes over simply because it takes more time for the market to clear the point from which you took action... @DKM Your chart shows several FTTs and no BO/FBO. Mine was a bit different then yours and perhaps marking yours up will be of use...
We've had three cases today where the gaussian switch happens inside of one 5 minute bar. I will put together some graphics later to illustrate this.
ok every link I have studied does not discuss gaussians and volume's role. I will not slow down the thread and ask for the qeustion to be answered here so a link to previous post/thread where this is covered would be much appreciated lol.
Words of Wisdom It's time to get it out of your head "Price would have gone against me." Price, NEVER goes against anyone. Price doesn't know you exist. We are looking for one of two things. "Continue" or "Change". This is all there is, and all there will be. You may miss a signal for change. You may think you have change, instead of continuation. But you can NEVER have price go against you. Price doesn't know where you entered, and price doesn't know where you exited. This isn't a battle. It's a symbiotic relationship. We are not at war with the market, but rather, our goal is to become the best of friends with it. Get to know it's moods. When it is sad, we want to be there with it, and ride it down. When it is happy, we want to be there and ride it higher. (Attributed mainly to comments made by Spyder in chat) -Au
Spyder has excellent "summing things up posts". I'll try to find a few. My phone keeps ringing so I couldn't get my DKM post up in any reasonable time...