Chop days are great for the SUB CHANNELS. But you have to be comfortable in seeing them and acting. I am glad we have seen a bunch of great days. For us great days are the LARGE VOLUME days. The market just MOVES! On tight days, the preference is to be on the subs but you still can do well at the forest level on a tight day. Days like good friday can usually be tight... REAL TIGHT! So that's four weeks out from now...
You read me right. I saw the market the way you describe it now. I entered on the FTT. It FBO'd on weak vol. I exited and took a small loss (wash). I am wondering: was this FTT special? Is there something I missed that should have made me hesitate on the entry?
I think trading chop is the final stage. The top of the food chain. When you can trade the HVS's you have arrived. Still a dream for me. Its all I can do to catch a small trend.
1. The Gaussian on The YM does indicate a change, but 2. The Decreasing Black (Green) Volume forming a lateral price movement on the ES provides a clue at a much coarser resolution level. - Spydertrader <img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=1386421>
Hi Mak, I have a favor to ask you and prefer doing it here (than through pm) so everybody following can benefit. I plan to start using your IB Vol analyzer tomorrow but don't know how to setup the macros. When I open the file it asks me if I want to enable or disable macros. What should I do ? Not sure if I need to disable them before entering information. And after opening the sheet where do I go to change the information (I think is username) to get it to operate. I understand it works with IB sim also correct ? Thanks !! p.s. I still don't understand exactly how you guys use Gaussians in your analysis. I will be asking questions on this tomorrow after I have a better understanding of what is it that I am missing. namaste
I had to read your post 10 times to understand. Thkx. I had no idea one can note an FTT out of a small 123 channel way out at a 5 or 6th vol exp line. Cool.