stanlyd

thanks, took care of that.

Something is up.I have started deleting them, however I see this is just going on and on. If you get pm's just put the names in this thread so we can just go ahead and deny them access.

I think most traders will tell you that you have to develop your own "system/style". So long story short, don't pay things like this much attention. Take it for what it is, another video to digest, but then move on working on your own theory.

I would say its hard to tell without being able to see from the chart how much was distributed on those 11.17 and 11/27 days

agreed Blowfish. I think thats the point we and or new traders shoudld get out of this . The point that it's not a sytem so much that jerry presented, but a very powerful way of looking at the market data to meet your needs. That is where a lot of problems come in when starting out trading. I know i for one had no idea really what timeframe I was in and why i was in it. Like you said, it is a key component of trading for a trader to find that for themselves before applying the stats.

I would have to respectfully disagree with you blowfish. Yes the vwap in relation to PVP is a good to determine trend ,however it depends on the timeframe you are looking at. Just because one timeframe does not have a "trend" does not say another smaller (or larger) one does not as well. Just placing the vwap and PVP from the start of the day along in my testing will not keep you in the other "smaller" trends that develop intraday. And it's not hingsight. Let me give you an example based on metalheads chart. Look at his chart around 12:03:30. That is the start of the move back to the vwap he has charted. Well for me at that point at 12:03:30 in which the a higher high was made. or in other words the slope of the last move down went from negative to positive, means "trend" change is in works and so armed with this information I would now be looking to get aboard that move(if you take trades towards vwap,which could be something I avoid ) So an entry would be at 12:24:14 AND at the vwap their would have been no reasosn to get out or take a short since that "trend" has not shifted to a negative slope. In fact in that trade I would have made the vwap a target to get all out of at least most out. So I guess what I am saying is I do not see this as a trendless day. Maybe the "day" itself in macrostructure is trendless, but inside of that "trendless day" we do have a few trends to trade. I am open to some contructive feedback on this view as always.

Metalhead, One thing I know I used to do was to get so focused on what I was looking for (i,e, setups) that I would ignore the "bigger" picture. In your chart example I refer to the trend. Take a look at the chart and you will relize that the first trade worked out because why?, you took a trade in way of trending price action. Now look at the losing trades. Notice they are all counter to the the price action trend. So in those losing trades you would have called for the market to turn at those points. So maybe take a moment before entering and look at how the price is trending so you know if your are going with the current chart trend or against it.

maybe this sounds crazy but sometimes when I have the same issue(exiting before I should), I do pushups. So I take the trade, I hit the deck and start doing pushups to keep my mind from it. I am still working on this. I found it to be helpful.

Well I agree with UK girl in terms of the dynamic stoploss. I know a lot of traders start off and maybe continue to use a fixed stop on trades, but I have found this to not be effective for me. Your stop should mean something in relevance to when,where and how your trade is occurring. Certainly when using larger stoploss due to increase volatility , the corollary is that you want you targets to also increase to keep your R/R within your plan. With $20,000. Hmm I would back test some of your strategy first. see what percent results your getting, then use that to model a decent R/R strategy and that should tell you how many contracts to trade, at least as a starting point.

yeah , I refer to see as "confirm with eyes" u can clearly see when slope is positive and or negative

i thought you just wanted to know if slope was positive or negative ? You can see tha tjust from looking at the MA. However I guess what your looking for it the exact slope degree at a given point?

just from visually looking at it isnt the blue area telling you that slope is positive and when its changing to red, close to slope of 0...

Nice chart but I am do not think I am seeing the "big picture" Could you explain this comment more in detail and how it relates to your chart? Is this an opening trade setup? Thanks

many traders use a volume weighted MA to look for "sideways " action. If MA period is usually short, and when it goes flat it is considered sideways. I have seen this in practice, but I personally don't use it as I still think it lags compared to being able to read price action itself.

Of the three mentioned above I would first go with DTN IQ data without opening another broker service. They just supply data for you and are usually pretty solid. Not sure about Zen or how they work. I would not recomend esignal anymore as I have had a lot of trouble with them in the past.

This will be great to have. Will you be able to composite some of the candles the way you can on say a regular MP chart? Thanks Chad...

Good Job. Keep up the good work.

Regualtion does not always have to be a bad thing. IMO if credit default swaps had been regulated or been more transparent, then all this morgage lending mess would possibly not have been let to happen.

Sometimes I have two charts for the same product to help with the lines. One I use as a "dirty" chart, in which I keep a lot of my trend lines on from the past.(every few months I clean it up so it doesnt get totally ridiculous) Yes this chart fills up with lots of lines but that's the point of this chart. Then the other chart would be same product and timeframe but clean of all the older lines. This way you can get a decent perspective from both charts and combine the information you get into one plan.

good idea atto. I am driving from LA to NY. I am about halfway, so be back in room on Monday. Good luck and have fun. See you guys next week.

keep in mind that just because it worked today does not mean it will work tomorrow and being consistent is the hard part of the game. So maybe you keep an eye on this indicator daily, log it's gains and losses over 6 months and see what the results are. Then think about how it works or doesn't work in a trading plan. I would be up for hearing the results.

All OF HLM posts are great stuff. I would also just like to mention a technique I have been testing in which you enter off a chart on more fib number down but use the one right above it for atr based stops. So taking HLM example from above with moving averages, if the 610tick is the main largest timeframe and the entry was on the 34, I might actually change it up so that the entry is on the 21 tick based on a buy stop. This way the "momentum" of the market takes you into the trade. And in a lot of cases that momentum will also go through the buy stop and almost right to your first target. Now once that first contract has been hit I would then go back to the 34 tick chart and trail the stop based on that charts atr based stop area's. This can all happen very quickly and once you get to a certain amount of decent locked in profit, then its all about looking for the target on the largest 610 chart to be hit. That target like mentioned earlier can be found in many ways. Fib Extensions, range expansions,or whatever your style likes to use. Anyway this is just something I have been looking at the past few weeks.

Thanks for all the info guys. Here are some more links on MATLAB I was just taking a look at http://www.mathtools.net/MATLAB/Tutorials/index.html

Awesome. Been looking for some video like this. Thanks

In the above quote, when you mention "runs" are you speaking of wave cycles?