clmacdougall

It is now mildly positive.

I am referring only to market action in the now, from last nights open. I am not taking anything else as part of a contextual framework other than that. There is no trade to take now. If I was still short, I'd cash it in and do nothing IMO.

This market is now effectively flat to mildly positive.

Be careful shorting, this market is slowing it's decrease incredibly fast, you could run into some upwards movement really soon now ES 1136.00 at 13:12 cst

Thanks, it's been nice meeting you!

I don't use any published indicators. I'm creating my own which more effectively show me what I'm trying to see in the market. My studies are based on my own comparative behavioral analysis.

I wish I had started with UB's take on the markets years ago. No, I studied mostly price based information for years, just like a good newb I guess. How about yourself, where or how did you lose your way and have you found your way yet?

Hi Joshdance! I would really encourage you to read UB's posts over and over again. Don't look at the technical stuff, but the theory behind what he does. It will allow you to look at the market for yourself in a way which is meaningful. Once you've gotten a hold of that theory you can work it forward in your own way. That's all I'm doing , nobody has given me any special training but I'm beginning to see things differently. Today will mark my 5th year of studying. I started just a few weeks before my youngest boy was born, he'll start school in a few weeks! What a journey!!

Thanks a million Pat!!

People say that trading isn't a science but an art. If it is an art, then it's an art which you have to make a science out of, that's for sure,

Not bad, it went up 3 points and then reversed and declined 26 points. It's not where price is, but where price should be that makes all the difference.

Pat, I'm on my knees begging you to please start this meeting 2-3 hours after the markets have closed. I've got to work tomorrow and would die just thinking about missing that meeting. Is there anyway?

This thing sure looks like it's going to unwind to the downside. Anybody? It's at 1170.00 again at 08:59:00.

Well it dropped 7.50 pts before reversing past my call point. Starting to see things in a new light. Thanks UB.

Man, I don't know about you guys, but I'm seeing a huge divergence to the downside, I'll bet it will move price down pretty dramatically. Anybody else seeing anything? presently the ES is at 1170.00 at 07:56:00 CST.

Thanks, I can't wait!

UB, does an amount of imbalance ever lead to a predictable amount of price movement? Is there ever a range of movement that is predictable after a degree of immovability is met? Thanks

I believe that he is wrong in disregarding the fact that trade motivates predictive behaviour and not time. Gann focused on the motivation of time and that's no longer a leading factor in predictive technologies. The length of time a car stops at a fork in the road does not lead you to know where it might go next. There's just too much more information available than price and time which can give you insight into where price might go. With hardly any movement in price, the internal structure and balance can change tremendously, this is a good way to predict where price might go next, not simply by looking at where price has been.

Scroll up to the top of the page, you'll notice it says, "Traders Labratory." Everything posted on this forum is open to an objective style analytical debate. If you don't want your thoughts or ideas debated or refuted simply don't post. Nothing personal, it's just the purpose of the forum.

You should care if he were "rolling dice," chance and luck are hard to repeat. As to whether or not his methods were effective in his day, what difference does it make, as it was back "in his day." In the now his methods are rubbish and will leave you "hoping" your next trade will work out..

UB, in your opinion is there anything worthwhile to follow beyond trying to define the intraday extremes of price activity by identifying the "commercial trader" entering the market? Is that your bread and butter, or do you trade if price is moving against the extreme? I guess what I'm trying to say is do you trust anything other than the extreme as having predictive ability for a profitable trade?

Your judgement of "immovability," without the actual trading of numerous contracts must have required a type and speed of trade that fits a proxy description for the potential of such trade. Is it ever solely reflected in an amount of volume or is that never the case. Thanks so much for the insight, I'm a grateful student. Cory

Gotcha Pat, thanks!! Some things are best left unsaid !

So, are you somehow licensed to work in Canada or are you having some sort of resident status? I ask only because you are displaying it with pride and of course I'm proud of my country!!