Appreciate your encouragements. So to keep it simple, lets say I focus on price and volume. Any characteristics of price actions have predictive values? I am actually encouraged by all the responses. Regards,
Appreciate your posts though I don't understand most of what you wrote. Same question for you. Let's keep it simple and just look at the price chart. What are some price patterns that have predictive values that a trader can use to trade? And you said time-based and event-based, what time frame is your time-based and again what time frame is your event-based charts? Regards,
I could but it would deprive you of an essential experience. If you're willing to attempt the simple effort of the post you are referencing then I would be more inclined to do work that is not my own. In a couple of days, yes, after giving a chance to anyone who wants to take up the effort. It's rare that I have time to post as much as I recently have. Thank you for expressing your diligence. You are correct. One would zoom out in time scale to get a approximation as the smaller (faster) time scale progresses. If monitoring the 5min chart, you don't really know if the day's volume will surpass the previous day's or not. The opening volume gives a comparison of the previous day's opening volume, that's about it. A large market participant/s can enter at any time and cause either the dominant direction to progress with a VE or by the sheer volume they are transacting cause a shift in sentiment and therefore change. Most of this time the shift in sentiment is below the radar of those who have not taken the effort to learn how to read the markets. By the time the sentiment shift is apparent, smart money has already positioned itself and are taking profits. An exercise is putting up a daily, 30min and 5m in a tri-pane and watch the progress. At some point in the 5m, you will know if it can or cannot (at current pace) build a 30min bar comparable to the previous one. Just as watching the 30min progress, at some point you will know if it builds the daily bar comparable to the prior. But this misses the point. Timescales are fractal but not all fractals are timescales. A change of trend can occur and does several times throughout the day. We can call these trend segments. A larger trend can span multiple timescales. A trend can also be intra-bar. All of this is observable. Thank you for being straight up. You're username is apropos. I worked with volume profile for a while. I don't really have an in-depth understanding of it. In my experience it provides utility to avoid areas of congestion. My trades on it were net positive, this was in equities. I don't currently use it for trading. I respect your point-of-view. Thank you for sharing where you are coming from. Happy trading to you! Thank you for the offer. I respectfully decline. I personally think it's a bit crass. Besides, I only take fair deals. Fair deals are one's where one would take either side. I do empathize where you are coming from and seeking verification through your due diligence. I myself have refrained from training courses where the instructor would not "show me theirs." However I have nothing to sell. No agenda to progress, nothing to prove and have no interest in seeing yours. No offense meant. I also need no validation for knowing what I know. If you take issue with a specific concept, we could discuss that. You know from prior threads that I'm working to get to the next level in my trading. There are always higher and higher levels of understanding. If I have nothing of merit to offer, I suppose you could put me on ignore. You been around long enough to know that when jack or spyder did it, it provided nothing but fuel to distract the conversation because there is no place of reference in CW's mind other than to put it in the pile of unbelievable to the point of "this must be bullshit". No thanks. I like to learn from others mistakes and save myself the grief. Once the detractors start showing up, I'm out. This thread is on the edge. In parting, I have utmost respect for you and your posts. They provided inspiration at dark times on my path. This is simply something we disagree upon. Happy trading to you!
ET has a search, lot's a treasures buried. The sequence of events occurs on all time-based charts provided there is sufficient liquidity per instrument. It's easier to see on some charts than others. The 5min is where I have my attention.
Just a shout out for all the ET sponsors. If it weren't for their valuable offerings and continued support of this site, I would not have had the opportunity to develop so quickly into the trader that I am today. Deepest appreciation and gratitude to all !!
For a minute there, i just thought youre trying to be a bit cocky and admonish others.Average ETers age is 50 y.o. i think, or what is it?Anyways, i don`t know your age but you sound a bit childish at times, thou i appreciate your attempt to pholosophize. All the philosophy has nothing to do with the real world of trading, but if it helps you on your path, then God speed!Wish you nothing but the best! And yes, you`d better dumb Jacks stuff down, for your own and others benefit and share it with us. Cheers!