PIN ..........don't believe everything said here....be happy and don't worry.........price and volume.......and you........no predicting needed..........but predicting is one approach to consider........if needed....best wishes and happy trading........
That is what I use price and volume. I call it "the tape". I don't look at chart patterns like triangles..etc. Just the tape. But the daily tape along with the intraday. Probally, opened a can of worms there with that daily tape statement. I will just wait for someone to tell me that there ain't no daily tape. Yep, there is. Also a weekly and a monthly tape. ..I am always trying to anticipate the future. The money is in the future not the present..know what I mean?
I'm sure porgie will get around to it if you deserve a pat. He is probally busy trying to figure out my last post.
tell me right now the next 5 days 95% correctly and I will agree.....My systems tell me each day minimum 95% ....so which would you rather trade......if your guessing is not 95%?....why should I guess the future when I will have the answers as the day progresses anyway? Emini's....that high accuracy is what creates almost no risk................ intraday....only........ES...NQ...YM...just asking which would u rather trade.....certainty or uncertainty? Thanks very much for considering my question....I am predicting u will consider it....your tape is not THE tape.....are we inventing new terminology?
I generally look at predicting the next day for buying and selling. That is all I need to make some dinero. Not five days out. The weekly tape and monthly tape are used as general trend confirmation. Porgie please tell me "what" is the tape? What does your system say for YM, ES? they have already opened. What does your 95% sytem say about these? We are at intraday at this moment albeit slow.
No, just logically looking at what the tape is intraday and transposing that onto a daily ..weekly..monthly time frame. It is not that complicated.
.satchel gets pat on his head also.........now, for the intraday question...........typically the intraday trader won't begin until 30 minutes after market opens, if he is experienced........experience will do a lot to teach lessons not soon to be forgotten........so, 9:00 to 3:00 is the typical time frame for intraday emini traders...........scalpers included........it cannot be re-invented to new ideas........they have all been found........price volume and you and better off if you can be eliminated.........meaning trader of course, not you personally Mr. PIN........think about why only 5% make money over time in this game.....and almost all of them are not individuals....they all have the same information, technology, etc....emini game, that is.........
O.k. then post your calls during that time frame. What is "THE TAPE". Are you saying it is price/volume? Would you be so kind as to post an explanation of what the intraday tape is and not just saying price/vol/traders. Thanks!
why should i post calls when the chart posts them for me....look at 60 min chart today with candlesticks......do I have to say when system said sell? it turned red and it stayed down and red for a long time......tape is not relevant intraday term.........just like news........just like times........only what you see on today's 60 min chart.....what more do we need, Pin? Satch......JM .........when i told brother to sell at 985 it was perfect........what did 60 min chart show to change the sell to buy or to exit.???