torero

I agree with brown. Since I rely on patterns to view the market, I usually don't make a bias until the patterns are confirmed (resistance becomes support and vice versa). The selling off during the Shanghai market drop left quite a dent on the pattern, forming a rising wedge. It's broken down but it still has to prove itself by rolling over. So far it hasn't, so it's still bullish. A related pattern to this is a possible double-top (each trader sees the market differently). But nothing is confirmed yet.

I miscalculated. It's supposed to be 2.06. London has been selling all morning since the close of Tokyo.

I don´t plan to get in until the pullback is finished. Very nice move in last 2 days though. I target the move to 2.05 from the rectangle formation beneath the breakout.

Wow! Looks like an important this week as the GBPUSD is making new highs! Fortunately (or unfortunately), I'm flat. I have no idea where it'll go until it finds support somewhere first before taking the plunge. EURUSD is not that far behind either, near 1.3666 all time high. I'm flat on this one as well.

I got this email from LBR. In case anyone is interested: >>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>> Presentation Details ! Event: Market Profile with "Mind Over Markets" author, Jim Dalton Location: LBRgroup.com Chatrooms (Futures Live & Stockbeat) Date: 04/17/2007 Start Time: 4:15 PM Description: We have exciting news for Tuesday April 17, 2007! We will have a free class for all website members and registered guests, in addition to that, all guests will have free access to our "Futures Live & Stockbeat" chatrooms for the entire trading day. Guests will be able to view our "Live Video" and have access to live market commentary and realtime trade setups for both stocks and futures. Click here for more info - ( Login, download and installation of our "Stand Alone" software is required to view "Live Video"). Join us for a special presentation by Jim Dalton, author of "Mind over Markets" and "Markets in Profile", focusing on the foundational principles and concepts of Market Profile, In this presentation, Mr. Dalton will Discuss: * How the market’s auction process works * The dual purposes of the auction process * The history of the Market Profile * How the Profile captures the market’s auctions allowing traders to see the market’s structure * How market structure develops * The identification of TimeFrames * The major benefits of the Market Profile About the Instructor Jim Dalton currently trades for his own account and is the lead author of a second book, Markets in Profile, newly published by John Wiley & Sons, Inc. His first book, Mind Over Markets, co-authored by Eric T. Jones and Robert Bevan Dalton, was originally published in 1990 and continues to be a foundational work, providing a wealth of tactical trading strategies based on the Market Profile, a method of arranging data that enables the visualization of evolving market structure. The book was recently translated into Chinese. Jim formerly directed and reorganized non-proprietary hedge fund research at UBS Financial Services. He retired in August 2005 after having held the titles of Manager, Hedge Fund Research and Director of Research for Managed Accounts. He has been a member of both the CBOT and CBOE and served as Executive Vice President of the CBOE during its formative years. Additional experience includes four years active duty in the Marine Corp., several years with both IBM and Merrill Lynch. From this diverse experience, he has learned that “expert opinion†rarely pans out in the active market and that superior trading results over the longer term are always the result of a flexible, adaptive approach to markets. Please send any questions or comments to feedback@LBRgroup.com Host: Jim Dalton - WindoTrader Corporation > Home ( DNN 4.0.3 )

Hi Sublime! Welcome aboard and hope you enjoy your stay!

I agree with cooter on this. The volume might not be sufficient enough compared to the regular Ags; slippage might be a problem vs. real pit trades. The reaction may be different as well, electronic vs pit. So the training ground won't be the same when you finally get to the real thing and it'll be like trading a different product all together again.

Is this a free webinar or paid? Would be curious to see his views on these products. Thanks.

I thought the 825 was the measured from the double bottom. If you mean the last gasp on late Friday on new high with low volume, I think I see it. It closed at resistance, 825, top of the old unfilled gap. I've noticed close at resistance is usually a selloff the next morning. Might just be my bias though.

Humble1! Nice to have you on board. Insightful observation with concrete explanation as usual. Hope you can contribute more in the future!

Excellent! Thanks for the heads up, very interesting view. I'll watch that for that when the muppet show is through!

Thanks, mo, you answered my question from another thread.

I think I'm getting delayed quotes on TS for Ag's. There's another $50 for regular products (not emini) for live quotes. Is this true? I'm still not getting emini Ag's at all.

L2 are nothing but a platform for headgames and mindgames. But to stick with what's already fact, Time and Sales (tape). Showing is one thing but acting on the show is another.

I don't trade DAX yet, but am very interested. Unfortunately, TS is not very receptive with European markets. I may have to find another platform to observe for a while before even considering trading it. Any platform in Europe or US that is acceptable if not excellent for Eurex markets?

Good trade, Don. This thing is taking to all time high looks like.

Stick with it, Don. You're doing good. Hang in there.

What do you have in mind? Make it public, maybe we can all learn from the backtest.

cooter, tried that didn't see emini for corn, wheat and soybean, nada. Not sure if you have a different build from mine. 3264 build here.

I thought minis Ags are not offered yet. I tried the symbols given at CBOT in TS but only show symbol errors.

Malvado, I've used this tool for 2 years now and never had a problem. I use the screen capture and photo resizer tools. FastStone Image Viewer - Powerful and Intuitive Photo Viewer, Editor and Batch Converter

What tick charts do you use? I use 60min and 3000 tick charts with 600 tick for entries.

Wow, malvado! You beat us all! 8 screens and you DAX exclusively?!! Que guay!

I'm getting tired of having to watch paint dry on GBPUSD. I'm watching something else for a while until volatility picks up again. 78.6% reversal area? We'll see in the lower frames. I wish Buk or Tex were here to enlighten a bit on this scenario.

I think stop-and-reverse strategies (always in the market) tend to have very high drawdowns. Although using a Advancing/Declining Issues is a not a bad tool, it's different than the typical indicators (stochs, MACD, etc).