DEStocks

Marty, I think one big obstacle new traders can face is the idea that all prices are equal when clearly they are not. For example if you use a 10 range bar chart on the YM, price in that bar can go from 12527 to 12537. However what I have found important is seeing a breakdown of who is where and at what price. If I only have 5 people at 12527 but 100 people at 12532 then a price failure for me is a break of 12532 and not a break of the bottom of the bar. The more people involved the more selling its going to take in order to break support. Does that make sense? The bigger the point of memory, the stronger it should hold, either as support or resistance. The only thing I have found, so far, that shows me that is MarketDelta. I use a longer term range chart (33r) to show "value" either above me or below me and use a 10 range bar chart to select entries from. If "value" is clearly above me then I only look for short entries, up until I get "value" below me.