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trbates

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Everything posted by trbates

  1. Yeah, I have not been using the up down volume to indicate a chop day as of yet ... but thats a great idea! Like mcichocki said ... knowing when its a chop day vs a trend day is VERY helpful (especially when your experience is limited, like mine is Travis
  2. I'm sorry if I missed the explanation previously ... but can you go into what the paintbars indicator is doing? I really like it, though I would like to understand it a bit deeper. Thanks, and thank you very much for the great free indicators. Travis
  3. Thanks forsearch, thats an awesome list. I like the advance/decline volume for the DOW, rather than using the total US volume.
  4. Brownsfan, I don't have very extensive experience with using them. That said, I have been watching the market using these internals. And they do what they do very well ... give an over all feeling as to what the market is doing. For example, if the tick spends the majority of its time above zero (preferably, between 600 - 1000) then I only go long. The up/down volume seems to give a broad sense of the market as well, so I use it like the tick ... If there is more up volume than down, then I only go long. Though, like I said I don't have all that much experience with watching these ... since I have only been at it for the last 4 months. As far as draw downs, I use other indicators (MA's, trendlines, and wave analysis) for my actual entries, exits. Hopefully, someone with more experience can shed more light on this topic Travis
  5. I recently started day trading the mini sized dow futures, and was curious as to what market internals you all use? I'm currently watching the NYSE tick, NYSE UpVolume compared to DownVolume, and a market watch window with the 30 DOW stocks (these being sorted every 3 seconds to show net gain for the day) for general market behavior. Are there any others that might be better suited to day trading the YM? Thanks Travis
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