SunTrader

I'm not saying they can't be high or "too high". I'm saying they can't both be high within the same strat. It is an either or situation. High win/loss ratio with small win amounts or Low win/loss ratio with high win amounts. That is just how math works whether it is trading or sports or music or .......

When looking at 5 min bars more than a close comparision are needed, most of the time. That chart is a prime example. It was strickly a consolidation zone with narrow range bars and tight open/closes signifying indecision or a pause in trend and not a reason by itself to exit a long and definitely not to short.

Although I was interested when momentum/range/kase bars came along years back I reverted back to time and tick based (mostly time) because nothing beats the real thing. Everything else is a guessing game.

5 minute bars, other than during fast, news related moves, don't give high point trades. Unless your idea of high point amounts are 2-3 points. My idea is 10-20 pts which isn't obtainable in short timeframes. But to say a high win/loss ratio plus high win amounts can be done in the same strategy defies all that I have ever seen myself as well as everyone I have ever traded with or read about in the past decade and a half of trading.

Been there, done that. And in the end didn't amount to much difference.

One too many thoughts IMO but rather than sidetrack this discussion I will leave my thoughts on this for another place, another time.

Although he uses closing price relationships in TD Sequential, look at TD Camouflage, as well as many other indicators, to see how he values the next day's opening price with greater importance.

In trading there are all kinds of scenarios in using the bid / offer size. But unless you are privy to much of what goes on in a big trading firm it is hard to use it profitably. Even then you won't know too much about what is "true" about what another big trading firm is doing or not doing. If you have ever bought or sold a used car (less so a new car) it is a game of truth or dare. Private owner or dealer says they have many people interested in car and you better make a deal quick. Maybe they do, maybe they don't You want a lower price so you negotiate a little further with them to get to what you are willing to pay.In the end you might get it "cheap" or might lose out to one of the .... many people interested. Do they exist or are they a smokescreen? Sometimes you can tell while it is happening but mostly you find out after the fact - when it is meaningless. So again that is why I don't bother and believe there are much better ways to understand price action than watching size.

You are reading way too much into my previous post. Whose d fault is it? Not ours, at least not yet!

DeMark? (I hate this stupid min 20 characters BS message) there done!

There are two kinds of Indian Chiefs in modern day USA. Poor one with their traditions and rich one with white man's money. I'd say more American Indians strive to be the latter - just like the rest of us White Americans. But ya know really the subject is Greece and not skin color.

Well in the markets I follow here price goes to size, not all the time obviously - but as a rule. Think about it. If a large buy order it below buy point of yourself and other small traders why would sellers sell to you at that moment. They are encouraged to hold. But what the large size buyers do is first sell to drive price down to their buy zone. Trouble is when watching large size orders is knowing when they are truly there or not because they can drive price down and pull their large orders encouraging the market to drop further before covering short and turning around and going long. Or never even having any intention of going long but just give the impression of it. Naturally they do the same on the sell side give the impression of selling when they want to buy. So size is not something I bother with.

Josh, Agree intraday closes are arbitrary but as I said previously daily/weekly/monthly/quarterly closes can sometimes be as well due to buy/sell imbalances and so-called "window dressing". Then the previous close loses any importance once the market re-opens. So that even in a 24 hour market if the opening range fails to sustain the previous closing range that shows that previous close was not accepted. Current price in the here and now and then the new opening price to start a new day/week etc are most important. Sun

Be careful what you wish for: Miccosukee Indians: We owe the IRS nearly $26 million, and our lawyer Dexter Lehtinen is to blame "By far the biggest alleged tax scofflaw is former Miccosukee Tribe Chairman Billy Cypress, according to the IRS." Miccosukee Indians: We owe the IRS nearly $26 million, and our lawyer Dexter Lehtinen is to blame - Miami-Dade - MiamiHerald.com

Although I suppose trading is trading, I wouldn't claim to know how the Italian markets move.

True but what did Germany and France say years ago? Come on in .....to the Euro. And now they are surprised. Not!!

Agree, it has been how many decades now of a 0% interest rate policy? Waiting around for something exciting to come out of Bernanke's mouth is like waiting for the Patriots to win the big one again. :doh:

Here is what I see from Bernanke's speech day: Multiple range bound periods, same as many other days and surprise, surpise a breakout. Same as many other days.

A second TD Sell Sequential which Friday's closing bar confirmed:

As they should. Although Greece got low interest rates which fueled job growth especially in the public sector, the Germans got the real benefits of job growth in the export driven private sector. I think Greece will technically default, which it already has actually, but stay in the Euro-denominated community. "Merkozy", the bankers and lawyers will figure it all out as if nothing happened until..........

Ya don't say.........

Consider it done but ......

Actually I'll just let your posts speak for themselves - which probably also speaks for how your trading is going.

I've seen Mitsu changed into many variations. I'll spare you - its not pretty You should have spared us your useless rant.

Is everyone now a Dentist? Extraction wtf.