That makes sense. Looking at the ES B points today, the relative highs and lows are wrong, but the average is rather quite accurate in terms of general ES direction.
you said b oints.. do you mean you are looking for 8 pt rally in the last hour? I just want to see what you are saying that's all man? To me a huge rally last hour would be buck to a buck and a half in the spy or 10-15 points in the es.. well here comes my sell off.. I had the spy at 100.59 at the start of the last hour
im posting from my phone now. IIRC the forecasted chart showed price going up to a new high or close to a new high. so it was a "huge" rally relative to the rest of the day. i dont know what price actually did cuz i had to go do something and im away from my computer now.
you were correct.... i was wrong.. i have teh spy at 100.97 here on teh close.. roughly a 40 cent move higher in the last hour.. not HUge in my book but a good move for sure.. i was on the wrong side of this one..
**** Note itâs best to read and review all information including all the charts. A new feature has been added to all the charts. Also the ES 5min chart has been included. ****More new forecasts have been added to the TCT charts. The Yen intraday 10min chart will be included on a regular basis. A sample of the 45min ES intraday chart (7/27/09 to 7/31/09) and Yen 30min intraday chart (8/3/09 to 8/7/09) chart are included. Compare what actually occurred during those general time frames with the actual price charts. ****A new Forecast has been added to the TCT charts. The MCO weekly was forecast the last weekend of May. It will likely be obvious to you what chart MCO is following. Also the forecast takes you until the end of 2009. *Note- New Information* - It is quite natural to equate the amplitude of the up and down price movements with the TCT charts. HOWEVER, DO NOT LOOK AT THE SEGMENTS OF DATA POINTS ON THE TCT GRAPHS AS A MEASUREMENT OF THE AMPLITUDE OF UP AND DOWN PRICE MOVEMENTS, AS IT IS A MATTER OF FORM, TREND OR DIRECTION OF THE MARKET OVER THE GENERAL TIME LINE. To assist you in recognizing this aspect draw right to left channel lines in the form of parallelograms from pivot points. Go back over previous price charts and draw the channel lines and then look at the past B or C TCT charts for those given dates. Although there are advanced techniques for determining which B or C chart to follow, creating channels in the described manner will assist you in determining which chart the market is following in the forecast. They should be followed in real time to get a better understanding unless you are looking at past data. *Note- More New Information* Sometimes when one is expecting prices to be moving up or down, a sell off or rally from the data, often price will go into, or form a price Lateral. This is actually representing what you are expecting in the data. Typically this will occur in a countertrend situation, not to say it canât or wonât happen in the trending component. For example if the market is in an uptrend, and the data says weâre approaching a time frame where it appears a sell off is going to occur, the market (price) sometimes will go into a Lateral and then resumes the upward trend. What appeared as a sell off (in amplitude) was represented in the form of a price Lateral. The opposite may occur in a downtrend. What appears to be a countertrend rally (in amplitude) in the downtrend, the market (price) sometimes will go into or form a Lateral and then resumes the downward trend. A similar situation may be represented in the TCT graph data points. When the TCT data points are moving in a sideways pattern, up and down in a choppy way, depending on how the market was trending or moving into this time frame, this sideways pattern may represent a continuance or actual change in the trend, and the amplitude of the price move may be significant compared to the up and down, choppy pattern of the data points. These events do occur and by studying the data you will begin to understand and recognize them. *Note* - Added to the TCT spreadsheet is a Daily and Weekly forecast for the Yen. The Yen Daily forecast is from 7-20-09 to 8-28-09. The Yen Weekly forecast is from 7-24-09 to 2-12-10 Comments about the forecasts will be made on occasion. These forecasts are being posted before they occur. Check the times of the previous post. You are encouraged to download the previous forecasts and look at the actual price charts over the general time line for the given date of the forecast. Todayâs post (Monday August 10, 2009 is for Tuesday August 11, 2009-intraday data) and will allow you to follow along in real time. Remember this can be done for any market or time frame, daily and weekly included. Be sure to look at all the markets as many opportunities are presented. The following markets are included in the spreadsheet: ES 15min ES 5min US10min EuroFx10min CL10min GC10min Yen10min Yen Daily Yen Weekly MCO Weekly. Sample only 7/27/09 to 7/31/09 45min ES Chart and the 8/3/09 to 8/7/09 Yen 30min chart. Interdim
so whenever you say huge or small it is always relative to the preceding intra day range? i have a 96 cent range on the spy before your last hour call... your call resulted in a 44 cent rally this would equate to a 46 % of the previous high low range..todays intra day high low before the last hour. So if the spy only moved in a 20 cent range all day .. and then you would consider .20 x .46 (46%) = 9 cents.. you would then consider 9 cents a huge rally? 9 cents is not a huge rally.. I am only trying to make your calls and data have more useable relevancy..ok. in the future when you make your calls for huge or miniscule moves would also include your frame of reference. Thank you. It is unacceptable to use huge without a frame of reference. Obviously no one knows how far or how high or how low a mkt will go, but please give us a frame of reference. 44 cents is not a huge rally in the spy. it was a very robust end of day rally.
"Huge" is not a quantifiable term. Dude. First of all it's not my call. It was my interpretation of the spreadsheet posted by the Threadstarter. Second of all, look at the pic at 15:30. Relative to the rest of the chart, I saw that at the end and thought "wow, that's a huge rally." From 15:15 to close, the ES went up 7.5 points. That's a lot to most traders. Geez
**** Note itâs best to read and review all information including all the charts. A new feature has been added to all the charts. Also the ES 5min chart has been included. ****More new forecasts have been added to the TCT charts. The Yen intraday 10min chart will be included on a regular basis. A sample of the 45min ES intraday chart (7/27/09 to 7/31/09) and Yen 30min intraday chart (8/3/09 to 8/7/09) chart are included. Compare what actually occurred during those general time frames with the actual price charts. ****A new Forecast has been added to the TCT charts. The MCO weekly was forecast the last weekend of May. It will likely be obvious to you what chart MCO is following. Also the forecast takes you until the end of 2009. *Note- New Information* - It is quite natural to equate the amplitude of the up and down price movements with the TCT charts. HOWEVER, DO NOT LOOK AT THE SEGMENTS OF DATA POINTS ON THE TCT GRAPHS AS A MEASUREMENT OF THE AMPLITUDE OF UP AND DOWN PRICE MOVEMENTS, AS IT IS A MATTER OF FORM, TREND OR DIRECTION OF THE MARKET OVER THE GENERAL TIME LINE. To assist you in recognizing this aspect draw right to left channel lines in the form of parallelograms from pivot points. Go back over previous price charts and draw the channel lines and then look at the past B or C TCT charts for those given dates. Although there are advanced techniques for determining which B or C chart to follow, creating channels in the described manner will assist you in determining which chart the market is following in the forecast. They should be followed in real time to get a better understanding unless you are looking at past data. *Note- More New Information* Sometimes when one is expecting prices to be moving up or down, a sell off or rally from the data, often price will go into, or form a price Lateral. This is actually representing what you are expecting in the data. Typically this will occur in a countertrend situation, not to say it canât or wonât happen in the trending component. For example if the market is in an uptrend, and the data says weâre approaching a time frame where it appears a sell off is going to occur, the market (price) sometimes will go into a Lateral and then resumes the upward trend. What appeared as a sell off (in amplitude) was represented in the form of a price Lateral. The opposite may occur in a downtrend. What appears to be a countertrend rally (in amplitude) in the downtrend, the market (price) sometimes will go into or form a Lateral and then resumes the downward trend. A similar situation may be represented in the TCT graph data points. When the TCT data points are moving in a sideways pattern, up and down in a choppy way, depending on how the market was trending or moving into this time frame, this sideways pattern may represent a continuance or actual change in the trend, and the amplitude of the price move may be significant compared to the up and down, choppy pattern of the data points. These events do occur and by studying the data you will begin to understand and recognize them. *Note* - Added to the TCT spreadsheet is a Daily and Weekly forecast for the Yen. The Yen Daily forecast is from 7-20-09 to 8-28-09. The Yen Weekly forecast is from 7-24-09 to 2-12-10 Comments about the forecasts will be made on occasion. These forecasts are being posted before they occur. Check the times of the previous post. You are encouraged to download the previous forecasts and look at the actual price charts over the general time line for the given date of the forecast. Todayâs post (Tuesday August 11, 2009 is for Wednesday August 12, 2009-intraday data) and will allow you to follow along in real time. Remember this can be done for any market or time frame, daily and weekly included. Be sure to look at all the markets as many opportunities are presented. The following markets are included in the spreadsheet: ES 15min ES 5min US10min EuroFx10min CL10min GC10min Yen10min Yen Daily Yen Weekly MCO Weekly. Sample only 7/27/09 to 7/31/09 45min ES Chart and the 8/3/09 to 8/7/09 Yen 30min chart. Interdim