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deanz
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By the way price reacts around resistance levels (prolonged hounding of it.. etc) compared to how it reacts at support (bouncing before it get to it... etc), I believe someone has been buying the EUR/USD since early december, and that is the biggest pair in the biggest market as I understand, I'd guess they have well and truly brought out of their shorts and judging by the lack of downward progress they are now long. They have played in over a 600 pip range so far so that's what I believe small traders are up against. Although most will not believe someone has that deep a pockets, I think there is just too much money to be made to think price in not controllable. .
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2 new members and their very first posts were to say how great OFA is. 1 joined the same day he posted, and the other joined the same day as the owner of OFA made his first post. Read into that what ever you choose.
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blowfish probably best to check those 2 links again me thinks.....lol
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You might find these 2 post usefull: NinjaTrader Support Forum - View Single Post - Delta Buy/Sell Volume NinjaTrader Support Forum - View Single Post - All GomRecorder Indicators
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@Fulcrum... can or have you plotted Delta on the SPY contract ? @ everyone: I am fairly new to stocks/futures but after listening to the audio book of Livermore I gets to thinking, could the ES or the SPY be the bucket shop, and when a satisfactory line has been gathered in either/both markets then it's off to the stock market to move price to benefit the bucket trades, or even vise-versa. I tried to calculate if an equal amount of dollars could be made in a multi-day swing in ES, SPY and the price change of the average price of the 500 stocks but I do not know enough to get three comparable answers. Looks like the OFA software has changed in the last 6-9 months: OFA Intro Video and another site promoting order flow, I like the idea of their Order Cancellation Indicators: Welcome to www.tradingphysics.com .
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Why Does Support Turn into Resistance and Vice Versa?
deanz replied to AgeKay's topic in Technical Analysis
Why Does Support Turn into Resistance and Vice Versa ? That's a good question... here are some more ideas: One reason why price may break support and not come back to it..... If you had enough money to move the market, where is a good place to go short in a big way...... well one place is at support, where Joe Public is exiting his short (with a long) and Joe Smarty is entering a new long because.... it's support you know, so there are plenty of people to take the other side of your large short. One reason why price breaks support, travels a ways down, returns back up to old support before going down again is ..... Joe Public sees the tide has turned and an obvious short, and someone wanted to take the other side of all those shorts ..... either to exit a previous short, or to enter a new long. . -
Have a read up about arbitrage as diablo272 suggested to me and then see if you still think the same way :-) Whoa that link went straight to a purchase page... easy on. . Oh yeah I came across him before, he bombards you with sales emails daily if not more, and check out some of his trades that he lists on his profit page against your own charts, they are just crap entry and exits, maybe he did make money trading...... but he's a salesman now for sure....... IMO. .
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So what about indexes like the S&P....... if it was falling, can any amount of Buy Market Orders placed on the S&P or its equivalent, actually stop the decline, or can the decline only be stopped by individually stopping enough singular stocks/futures ?
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I have no question at this time relating the the specific thing I had in mind, but thank you for asking.
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You know I got a similar non direct answer from Todd Krueger so I'm wondering if it's too hard a question to find the answer to. And yes I do have something specific in mind, wyckoff wise.
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Can the Price of an Individual Stock be in any way effected/manipulated by its equivalent in the Futures market or Options, CFDs etc ?
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This is a tool I find very useful to study pictures of charts, like in forums or PDF documents, to see which volume bar belongs with which price bar, hence the reason I posted it in this section. It is free, and I use a programmable button on my mouse to activate it. http://www.mlin.net/CrossHair.shtml It can use a lot of CPU time if you wave it around the screen a lot, but that is not what I enable it for :-) From what I understand it not actually a mouse cursor but a picture of a cross with a clear background that is bigger than your screen dimensions, [something an actual mouse cursor can not do] hence the CPU usage while waving it around. There is another program that will allow you to adjust how often the crosshair updates but it is shareware so I better not post a link, I'll just tell you it's called Exact Mouse 2.0 Dean.
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traderscode.com He has a weekly video newsletter that is informative, and free, and no gavin to listen to.