downrivertrader

Just my 2 cents here. I have often felt the same way. The grass is not always greener. I suspect in the end the problems with TS will work out. At least I would say that I would rather have their engineers working to fix it than another startup ( or just charting ) company. I worked for a major tech firm for years before I became a trader. Fortune 50 and it is no different when it comes to engineering/software changes. It's like a marriage on the rocks. Just try to give it a chance. In my opinion its not worth your valuable time to start going down another road.

When most traders look at a chart like this, it is human nature to say....okay lets look for a pullback now, the market is oversold, consolidation, 5 downs, 3 ups, etc., etc. My point is that based on this monthly chart there is no indication for me that a long trade is warranted. For me, markets are never oversold or overbought. The human brain wants us to figure something different out at this point and I believe mother market wants to suck us in to abandoning shorts or playing a bounce. The fact is that the market is moving down so short trades are warranted at this point. I here what you are saying and your points are certainly valid. What you stated is exactly what most traders think will happen. This is the reason I bothered to post this comment. We may very well go on a tear upward. I have no idea. All I know is that price is sideways in a major downtrend and long trades are not warranted in my opinion. The human brain wants to do something complicated at this point on charts in any time frame. We all make trading so complex with our ideas. Me included. The simple approach is that the market is down. Stay short.

Let's see what happens next week. I will try to keep up with this.

Trade what I see..my point exactly. This is what I am looking at, what are you looking at?

Hi Shreem. Hope you are doing well. Thanks for the charts. If anyone has long and medium term I would appreciate it.

If you asked this question a couple years ago, I would agree with what has been said here. However, I think it is important for us to realize and accept that today the markets are very different and ever evolving. Although an analysis of volume by session may not support paying more attention to the Asia/Europe sessions, I personally think the price points traded are very important in today's market. Just take a look at how often the European ranges support the North American session. Personally, I would not chart the ES.D anymore, especially for price distribution. We live in a 24hour world now. We may not like it, but it is a fact and markets, all markets, are different now. This is one reason I believe the markets have a difficult time sustaining direction. Just my 2 cents. Good luck. DRT

Could someone post a medium and long term distribution of the EURUSD? I would be most grateful. I do not subscribe to MP but would like to take a look at where we are. Again, thanks in advance. DRT

I think we are about to see a major continuation of a secular trend make perhaps its final leg down for a while. The stage seems to be set. The market has created just enough dollar strength to crate uncertainty for many traders and institutions. I find it interesting how we humans (myself included) always try to make trading such a complex undertaking. We have all our formulas, lines, oscillators, indicators, thing-a-ma-giggys, market profile, price distribution, etc. etc. Look a any longer term chart of the dollar and we would all be fools to be buying a market that is in such a strong downtrend. The dollar has certainly not told me that it has turned and a new directional trend has occurred. We make trading so hard. Scrunch up any chart of the dollar past a few weeks and it is obvious that the market is going down so we should be selling the dollar. A market is never oversold. Never. Human nature makes us want to find the bottom (top). It is great for our ego but will not help your wallet. I am selling the dollar for now based on a very simple analysis. Why? Because it is going down and I would be a fool to buy it right now. My guess is this will be a hard fast leg down....the time when the most money is made in a trend and make no mistake it is a trend. One I wish I had recognized long ago. Something to think about. DRT

Hello all. My first post here although I have lurked around from time to time. Has anyone done any work with tradestation to be able to combine the price distribution activity study for more than the [1] month limitation in the platform. I can create say a quarterly chart by exporting data to an asci file and then creating a new chart, but I have no idea how to provide the data that the activity bar study needs to work. Likely it is not possible. Just wondering. Forgive me if I am asking in the wrong place, trying to get used to everything here.