Gabe2004

Pick you pick Gabe

I wanted to post right after the first fire exchange between the troll and Thales but figured that ignoring the troll would be the best option and it seemed to have worked for a while until Thales had a post on the rating issue. As of this writing the rating has gone up to 4.76 May I ask you Thales why did you start this thread? If the idea was to help others than you could stop at any time that you feel that your effort are not respected. If it had some ego motives (to prove that you have made it) than I believe you have done that. If it was to improve your trading than I hope it did eventhough it seems that your knowledge and experience far surpasses that of all the others here (those who demonstrated their knowledge that is). Whatever the reason, one should respect this and any other thread. Those who have noticed the little friction Thales and I encountered a while back will also notice that I am still here. Anyone who puts in the extraordinary time required to maintain a thread - as Thales had - deserves at least some common courtesy. Some people don't know the meaning of the word Courtesy. A thread moderator should take care of them but we should be careful where we draw the line. I have proved in the past that I am not a brown noser but I would like to thank Thales for his time and sharing of his knowledge. I hope that this thread will go back to its old self soon. Gabe

None of the above. There is enough info in this site to get you on the right track. Gabe

You mentioned in one of your posts (if memory serves) that you trade the same way across different markets. You wrote above that SOME METHODS CAN'T SURVIVE. This would imply that your methodology is not one of those. I think that since human nature did not change over time it would imply that a method that relies somehow on human psyche WOULD survive across time. If you concentrate on one instrument, how do you gauge when to switch to another one? Gabe

I would have never have thought to enter a trade based on a H-L-LH of only 2 bars but this is someting to think about. I remember seeing this area last night and I went down to the 5min to see if there is a valid sequence but there were none. Thanks for the charts and explanations. Gabe

Good/Happy morning indeeed. Could you tell us what was /would be the reason to short at that level? Thanks Gabe PS I could not draw a line @ 128.206 .This is the closest my platform would allow.

Thank you for your answer. Unfortunatelly I don't understand how can you tell if someone is accumulating shorts or longs for that matter. Gabe

How can you see the short position accumulation? Maybe it is a long position accumulation? Isn't there a buyer for every seller? When 50K were sold, didn't someone buy them? Gabe

You can try the ETFs that mimic the indexes (SPY, IWM, QQQQ) 500 SPY = 1 ES Gabe

http://www.cmegroup.com/tools-information/holiday-calendar/files/2010-martin-luther-king.pdf Maybe this will be clearer. Some will. Some will not open until Tuesday and some will be open later. Gabe

CME Group Holiday Calendar

Now you can take back your 50$ Gabe

If OBVIUOS MOMENTUM = RALLY/DECLINE then how do we know in which case they are not equal? Thanks Gabe

Does this happen always at the same hour? Gabe

This is something I am having still problems with. I see an impulsive move down (I hope the arrow conforms to an impulsive move) and I see price in a support zone from 3 days earlier but there is a resistance zone just above the entry signal. I usually tell myself that to go long would be a bad idea yet Thales thinks it's a good idea (even if he did not take the trade) I also remember that Thales wrote that he would not take a first break of a prior S or R line. Could someone explain this? Thanks Gabe

I'll assume that you REALLY did not understand the above 2 posts so here it is in a different format. Instead of writing very long posts, a chart with a short explanation in the chart would be more helpful (if you REALLY want to help, that is) Gabe

A picture is worth a thousand words (wink wink) Gabe

B4 I die I will own one of these. Gabe

Maybe a % of the number of contracts traded as a function of a short term MA would be more accurate. Yesterdays # of contracts traded from the CME: ZC 125K ZS 89K ZW 32K GBP 89K CAD 60K EUR 242K JPY 109K ES 1565K NQ 241K YM 112K CL 245K GC 121K Some of the above are estimates but it seems that the actual and the estimates are within 10%. Note also that the volume depends on the time of day so that has to be taken into account as well. For example if you take ES with a daily volume of 1565K and ZS with 89K >>ZS trades about 5% of the number of contracts ES trades. You can compare T&S numbers and derive a number to trade from there. Gabe

The details. Gabe

Change of direction in EJ ??? Gabe

Sorry that I did not see this answer of yours (had 2 instances of TL open). Thanks for the explanation. Gabe

Appologie accepted I still think that we should try and be accurate with our marking ( I agree that I should not have added my blue lines) but the black lines should be consistant. I for one was confused and decided to clarify. Realizing that I don't have the intellectual flexibility of some other people around here, the only way I can make sure that I understand what is going on is by drawing and asking questions. I'll assume then that ALL those black lines were pointing to the origins of the orange lines. Thanks for every one's patience with MY RAMBLINGS Gabe

I don't understand why are the black lines not pointing all to the bar that the orange lines originate from? (my chart tried to correct the inconsistancy) I understand the idea of trailing stops of a trade at the marked places and the idea of entering a short at those points because when the stops are hit a move in the direction of the stops will have a tidal wave effect. Gabe

Out of courtsey I did but I thought that we learn by asking questions and not by censorship. I think that the black lines were inconsistant. An explanation rather than a request to remove a chart would have been more helpfull. Gabe