brownsfan019

I agree the ZN is a good option - good intraday liquidity and movements. No idea how it works with MP.

Good thread MT. I've glanced at Jack's site through the years and it looks like there is value in what he provides. As for the levels, my best guess (and just a guess) is that these numbers may not have a hard formula, like most standard pivot formulas use. I would guess that while these are called 'pivots' it's more support/resistance than anything.

Interesting points thnickster. Feel free to start a new thread to discuss!

Any idea what will be discussed James? Same as the previous or different material? IMO use of powerpoint or similar software would make it a lot easier to follow. A recording would be great as well for those that cannot attend.

404 - I have been told by my contact at Open ECry that this is good software for TAX purposes. I was told that it is lacking in the analytical department (analyzing trades, finding patterns, etc.). I may give it a try purely for tax purposes.

Interesting responses here. Pretty much what I expected. Just curious to see what others thought.

I agree Minetoo, but the question is - if the owner of the work wants the work pulled, should it be pulled?

Eva - your guess is as good as anyone's as to who/what/where/why that large block was made. When you watch tomorrow your eyes will see that either 1) that big purchase was made to push it up at the open or 2) that big purchase was made to help push it down at the open. Regardless, you won't know what really caused it to happen. That big purchase could simply have been the stock buyback as you indicated which might have little to no effect. Or, it could have a big effect.

With the recent discussion regarding PivotProfiler and the sudden pulling of charts, I got to thinking - who actually OWNS the intellectual work being put on TL? This may be a better question for a lawyer, but just curious to hear James AND others thoughts on this topic... 2 schools of thought: 1) James runs the site and you post here freely. Once it's here, it's here to stay, regardless if you do. 2) You are providing a service to James and the forum; therefore, if you want YOUR work pulled for ANY reason, it should be pulled. Two very different arguments there, each with their own merits. What say you? Feel free to post below and/or vote in the poll. Mods - let's try to keep this thread opened for awhile. Move to another part of the forum if need be.

Interesting stuff Oz. Have you tried this on stocks and futures?

That is an interesting thread jj, so thanks for sharing. Since we know that things on the internet can get pulled w/o notice, I took some screenshots and such from the thread for anyone interested. The file size was large, so I uploaded off of TL. Link: http://www.megafileupload.com/en/file/45685/dbphoenix-files-from-et-zip.html To download from there... If James feels like tearing it apart and posting here somehow, that'd be nice. I just didn't feel like uploading each of these individually.

Joel was kind enough to recommend these particular books to me via PM. I hope he doesn't mind if I post them here. (note - some of these appear out of print, so I just found any links I could to save everyone some time). (It appears there's just different spellings used and/or paper back vs. hardcover). WALL STREET JUNGLE BY NEY LINKS ON AMAZON: LINK #1 LINK #2 WALL STREET GANG BY NEY LINKS ON AMAZON: LINK #1 LINK #2 LINK #3 STOCK MARKET TECHNIQUE BY WYCKOFF LINKS ON AMAZON: NUMBER 1 NUMBER 2 NUMBER 3 > Those are three SEPARATE books, volume 1, 2 and 3. I think these are what Joel recommended. His PM to me was a bit cryptic in terms of deciphering the exact recommendations. I did my best using Amazon. If there's a correction or addition/subtraction needed, someone let me know. Thanks!

Well, the fee the exchange charges will effect what the broker can charge you.

Haven't seen Walter in ages, hope he is ok. And then PP takes all his charts and runs... What's going on? Anyone know?

What to compare: > Fees - commissions, exchange fees, data fees > Reliability of exchange's computer network > Amount of daily activity traded on the exchange > Amount of products to trade Few ideas to get you going.

A few comments from James_gsx very informative post: WRB's On the smaller timeframes that I have watched the WRB's on, there are MANY instances where you see what James has here - a big WRB and an immediate retrace of some/all of the WRB. Click here for more info on WRB's if you are not quite sure what they are or how to read them. I personally view the WRB trade as this - when you see a WRB, look for a candle signal (as illustrated by James here) to look for a reason to go against that WRB that just appeared. The premise is simple - when you have a big move in a short period of time, it can be difficult to sustain that move (esp. during the regular day, i.e. outside of econ news). ENTRIES/EXITS As I discussed in this thread, part of the key here is to elaborate on whether entry/exit criteria was met. The reason I mention this is that I do not see a loser in this chart on the 2nd trade: On the 2nd trade (1st one failed), my entry criteria would not have been met. Just an FYI. Same thing on this hammer: JUST seeing what I see here, I would be ATTEMPTING to get long. Note - this is in part to the smaller timeframe that I am looking at (1 minute). One the 1, I want a little extra confirmation to get into the trade. Good analysis James. It looks like your charts on a 5 minute interval so the next question is watching lower and higher timeframes to see if there are better opportunities. I know the 1 minute sounds like a very short time (and it is) but the risk/reward moves strongly in your favor. The catch being that you will take some 'chop' trades that otherwise would not be present on a bigger timeframe.

Hal, I'd love to see it as I am sure many others would!

min - FYI, many here trade futures on the CME. Get on google and do some homework.

Interesting, I will have to watch that. A possible trade setup off this information could be: 1) Enter on 1 minute (for prime risk/reward setup). 2) Flip to a 3 minute to see if setup appears there as well and if so, we can expect a 3 minute move. 3) Continue process up the ladder - 5, 7. etc. Purely an idea at this point.

Please elaborate on this comment. Thanks!

Yes - I think I said above that this was a trade that I was currently in. That was true. The 1 minute with a volume histogram is kinda fun actually. Very easy to see spikes and can get some prime entries as well with my candlesticks.

Hey guys, come check out the hot, new volume thread here - http://www.traderslaboratory.com/forums/f104/candlesticks-and-volume-3425.html Just kiddin. It's my little Volume/Candle thread. Feel free to stop by and see what you think. WARNING: MY VERSION OF USING VOLUME IS OVERLY SIMPLISTIC COMPARED TO WHAT YOU GUYS ARE DOING HERE. KEEP THAT IN MIND WHILE VISITING.

Here's a "patience trade" that is really testing my patience currently. I am currently in this position: This is a "patience trade" for me b/c it is requiring patience to give this room to work. Not my forte. I was trying to get long on the hammer, but that did not fill so remaining short for now. Volume looks to be in the direction of the short, so we'll see.

Now, before anyone runs out and commits trading suicide by blindly following something, here's 2 losers that I had today as well: BOTH of these failed as far as I am concerned. I only showed you what I was looking to initiate the trade, but both did in fact get stopped out later.

Here's an interesting one from today: Now the high volume is actually on the red hammer type thing but that trade would require a fairly wide stop. The very next candle - a spinning top that is also a harami type setup provided an incredible risk/reward. In essence, the need to 'borrow' the volume from the previous candle was needed here. I THINK that is a VSA thing where the red candle has the major volume and the 2nd one shows no interest to continue the down move, so can get long here.