Why are you worrying about another resolution? We only deal with one resolution -- 5m for ES, and 2m for YM. A Tape is a tape is a tape... Look at the tape in front of you, study the flaw you have, there is no time (nor the need) to worry about another resolution.
Do not go past GO. Do not collect $200. Go straight to page one. All these points have been posted AD NASEUM... Numerous charts, videos, content, etc...
I know exactly what you mean and it's a great thing to know what to expect. When you know what to expect and when, you can act exactly on time and you also know it when something unexpected shows up so you can correct and usually make up for the lost ticks immediately + more. It makes it so much easier to know when is the time things happen. Today I was watching eurostox50 and dax indices. Even though I don't have much experience with this it was just scary to know time after time what was going to happen. The same thing, point 1,2,3 flaw, VE, FTT, change, etc. etc! I just couldn't stand monitoring any longer so took some trades regards, Ivo
IMO for the most part this was your typical "meat grinder" type day. The blunt instruments I attempted to apply today (P/V on ES and YM) seemed pretty much incomplete for todays particular action. The resulting frustrating, and to be sure negative day; is filed under the heading "What a freakin' bummer" day for a couple of reasons. First because the majority of the day was oh so very frustrating with price action perpetually moving negatively away from my entry position while scanning the tool set as best I can for answers in this choppy market. Secondly and no less impacting, is the macro set back aspects of a day like this. Like taking a 2X4 to the forehead; I am knocked back and staggering by my inability to properly trade today and am now left to try and figure out where I really stand in reference to developing a working knowledge of this method. (Yes I enjoy a dash of hyperbole no and again ) I couldn't help but feel that a tool to help illuminate short term changes in sentiment would sure be helpful. The S/S appears to be nothing more than a reading of drastic "intra minute" signals in opposite directions, so not much use in that. Due to my own data feed problems the Tic charts are not functional. Perhaps they (the tic charts) will provide the answers I seek, but I know better. Curious how other JHM devotees did during the choppy times today.
Here is exactly your situation ... You scan the 'tool set' looking for answers when the answers should already exist in your mind. The tools simple tell you that the future has moved into the present. This isn't your father's MACD and Stochastics type indicators. They aren't delayed. They tell you the now. So you can better understand the difference ... Today, where you see 'chop' - I see nothing but trend. You should attempt to look at the obstacles before you from a different point of view, and other than from, your current vantage point. How I see the market should matter not - as you cannot 'see' through my eyes. However, you can 'see' through your own eyes, and that, is all anyone ever needs. - Spydertrader
same as everyday, if I can't tell left from right I push the chair back I walk around then I draw some more trend lines. By end of day I learn something new or confirm thing I have learn but fail to see before or just confirm thing that I already know. For thing that don't click yet I just keep on watching.
makosgu: <i>Do not go past GO. Do not collect $200. Go straight to page one. All these points have been posted AD NASEUM... Numerous charts, videos, content, etc...</i> Thanks for the response. My primary questions, (2) & (3), were on <i>flaws</i> being the result of channels at a finer resolution. Would you mind pointing me towards one of the discussions on that? I've only been able to find 'flaws exist and this is what they look like at the resolution at which they are flaws'. From my experience over the past several months, it appears that (2) & (3) are true, but I was simply attempting to get confirmation from someone else's vantage point. Thanks, - Talas
Are you saying here that in your mind you already know what will happen (based on the channels?) and the (finer) tools tell you the moment is there? Or am I completely misunderstanding this. regards, Ivo