To get this item straight you look at the DOM and T&S. Each expresses the market's capacity. You can also see the first derivative (in terms of a stat that employs the market's granularity) market velocity. Stops are run as long as the T&S velocity is less than the velocity required in the same time, to suck in all of the limit orders on the walls of DOM and the dark pools. You do have a leading indicator of when the generals start failing to do the stop running you really aren't seeing (but think you are) At any wall on the DOM, watch the velocity of the opposite side grind to xero faster than the velocity of the T&S. The genrerals are playing three games. Each and in combination is bigger than the velocity of the T&S. There are about 10 to 12 of these types of leading indicators of the Generals.
Jack, I don't know whether to believe your claims or those who say that you are full of BS. You could clear this up for me by playing that stock trading game (the link is a page or 2 back) and posting your results. If you are as good as you say, you should be able to post some amazing results and I will believe you.
I signed up for a trading contest once. But I could not cancel. There were 13 particpants, most of whom were stuck in the rut I found myself in. The results are still being posted to this day by people who have a "fixation" and no information. As you may know, I get paid to post here (MarkBrown). Naturally, there are others who respond to me over and over with the same thing. viewership, the basis of ad income rises and the owner makes more money. there is a huge list of these detractors who keep changing their handles sincethe old ones wear out and work no longer. The question is not about me. The question is about beginners using my one pagers. A result which I will not post but which I have, shows the first 62 trades of a person doing PVT over 3 months. There were only two losing trades and one was a wash type trade. The rate of annual income was 150K a year beginning with 27K. the fourth month the rate shifted to 250K a year. This will not help you either since it is not what you are used to. A good resourse for you to use is the SEC record of my citations for insider trading. Once they figured out I could not know such a diverse population that would have been required, they began to think through their ultimate process of stopping the citations and withdrawing the past citations. You may or may not be smarter than the SEC or the learner cited. Polls on this subject have been poorly designed and conducted. They determined that 4 out of 5 people disagreed with making money the way I do. You may be with the majority. In trading, the rule is that the majority is always incorrect. To trade the way I do, your mind has to have an odganized full set of inferences that relate one on one to the finaite set of what can ever be snesed. This is what is known as perception with cetainty. I see you asking me to do something for you. I missed the part where you are going to do something for me. You may be unfamiliar with business and how it is done. I give gifts to others with no strings except two: 1. pass it forward, and 2. spent some profits and new found time to help solve local problems. A person learns the most and fastest when he is teaching others. There is a five of six year example here. To sum it up, join with the detractors and spread anything you want about me. People who learn from me and those who pass it on, share their profits and knowledge as I indicated. I'm just on a break and just beginning my use of oxygen. Last night was so neat.... I have to get back to work.
It would only take a few minutes for you to try the game and post the results, it's a lot of fun, give it a shot. www.chartgame.com
Despite my own results i do not believe trading is the equivalent of gambling. The gambler when playing against the house has a negative expectancy. Nothing will change that. The only way to win in gambling is luck and hoping to quit at the right time. IF trading is a skill or a mindset that can be acquired and lead to consistent profits then over a series of trades a trader could Obviously have positive expectancy. I do not believe the successful traders here are simply lucky. Even if every price move is random and they win only from proper money management they have learned the edge. i should be studying my charts..
On top of knowing if Big Money is present this was also a quote from the other thread that I found to be really important. "Chart reading skills are a prerequisite to making money, but, the secret is CORRECT chart reading skills, which, very few know about, and even fewer practice." There were references to understanding supply and demand in the thread but very briefly. I am not sure if it is relevant but considering the market is an auction it makes sense. ============== The other thing that I have recently realized is in trading is that there are only two things that every single trader sees the same. Price and Time - Price no matter how you view it is the same on every screen at the same time. This sounds obvious but if every trader trades a different way, it is the only thing that is the same no matter what. When price has a wide range in a short period of time I would think that is what people are really considering momentum.
I see once faced with the difficult, it is easier for some to revert back to silliness⦠(The I canât see it so it doesnât exist syndrome) You canât see it⦠I canât understand why (truly makes me wonder wonder which of us is more closed minded) It is difficult because it is a different way of thinkingâ¦, and will remain such until that way becomes the norm Anyone ever consider if the term holistic has any relevance â the mkt is nothing but a buying/ selling continuum, any attempt to slice it into our own little unique portions â will be frustrating to say the least About the only point Jack and I differ on is in all the time â I simply choose not to be (due to my own shortcomings Iâm sure) RN
At the end of the day when you look at the charts it seem like obvious. So i guess the trick is to see the obvious as it happens during the day and act on it correctly. Still learning...