Quote from Lucrum: He "explained' it earlier. The number 7 is PFM. (Pure fucking magic) See now that's the kind of enthusiasm we need on this thread, where's increasenow when you need him, BOOM!!
I wonder if it has something to do with Treasury Futures and Options? 2-year, 3-year, 5-year, (7 year?)?
that's a meaningless analysis unless you can tell me what the measuring objective, so to speak, is for said short. I mean, will it go down .95 next week or 4.95?! It looks a little like a H&S back to Sept; but then I see that pattern in my sleep, also. If so then that would imply <48 on QQQ by the way is Monday 12/12? Is that a meaningful #?
Not anymore, but I have spent countless hours studying them in the past. I never once saw anything that even remotely suggested implied or inferred that volume bar sizes/limits based in any way on the number 7 were better, more accurate, more useful or more profitable than any other number base.
Then you would be wrong, I've tried practically everything available to the retail trader. Your trading "method" and your choice of volume bar sizes are two entirely different things.
The measurement from my pairs system is a volatility threshold when crossed over that identifies overvalued pairs. The lower high on the chart is due to the price action of the previous highs physically failing and setting a Breach Higher High. The fact that the highs going forward will not exceed the last breach HH means it is a lower high, and we've set three lower highs in a row save for yesterday's breach. What about this chart screenshot doesn't say downtrend to you?