MC

Thanks for bumping this Pat...good info. What are the keltner settings you or Walt use on the setup? Thanks

Looks like the 10:1 was foreshadowing smart money making their move. Must be nice to be in the know...dirty bastards. LOL

Agreed...Fridays absorption in the middle of the daily charts range was odd. There was smart money in the know IMO. http://www.traderslaboratory.com/forums/f150/nyse-up-volume-uvol-down-volume-4019.html#post47119 Thursday had a big warning sign of accumulation as well. I posted this Thursday night, dunno if you use internals much but it was WICKED divergence.

I did note the daily candles and volume look very bullish for sure. And I have to carry a bullish bias since the freefall should be testing prior support to be legit in my eyes. But intraday the whole lift was on moderate volume on my charts. So I guess I'm questioning the buying pressure, but I have been known to look too far into volume instead of price action and vice versa. Volume and MP are helping me to balance what I see but I'm still working on myself. Part of me wants to abandon volume for a bit and just read candles/structure RT. Any thoughts on something like that?

Great post as always BF. What do you make of the volume on the bounce though...it was fairly paltry. This is one area I struggle with, balancing what weight to place in price action and what weight the volume should get. :crap:

Speaking of deceptive...pot meet kettle. Ain't that right Cooter...I mean Forsearch??? How's this for digging up an old thread and bumping it? LOL "Res ipsa loquitur"

It's not a windows thing...its a bios thing. The bios is software that relays from hardware to the operating system basically. It's 1st in line and is your limitation. Businesses if anything would use wake on lan. They want the comp to start when they are pushing updates over the network typically. Try sleep mode, thats what I do and then reboot if/when things get fishy. Reboots are needed from time 2 time to flush temp files etc...

Agreed. Why close a thread with great info? Whats wrong with people bumping old threads? IMO this goes to show that the info in that thread is probably still relevant. Most the good threads/info are TIMELESS. AND lets keep jabs out of this...thanks.

While the paper markets are in breakdown mode...commod's should bounce. Silver looks prime for a bounce IMO. Tight stop and quite a bit of potential upside off this divergent test of the last lows, this is an excellent trade opportunity as I see it. Remember you're counter trend if you're long, the 50ma has crossed below the 200ma already. Pay extra attention to the red dots as they are double backed resistance (by ma and structure). The best trades (with the trend) would be to look for rejection at those levels and get short. Those could also be used for long targets which is classic textbook support and resistance. I LOVE this chart example for TA...it just is clean and clear. I see too many people out there trying so hard to make sense of a shitty chart when there are TONS of other plays. If the chart doesn't hit you quickly don't bother trying TA. If you cant see a clear line in the sand where bulls and bears will interact don't play it cause it will be hard to gauge risk/reward ratios. Trending plays are MUCH easier to work TA with as the side winning is already evident and of high probability to continue. Choppy sideways action is often like betting on red at the roulette table IMO...unless you wait for the breakout that is. The consolidation plays do tend to be more violent and can provide quicker profit if you are patient and quick enough to enter on the break. JMHO

Hard would be like a hardware button/physical manual switch. Soft would be tied to software/bios and not a physical switch mechanically. hope that makes more sense

Good luck...hope you have the option. The other thing as I brainstorm is you might be able run a timer to the wall. This would hinge on the comp having a hard power button, not a soft one.

It has to be bios level. That or leave comp on all the time.

OK...I realize today was a big down day...but given 7 to .5 ratio of DVOL there had to be hidden buying of some sort in there. That many sellers would have had more impact than we had today IMO. Instead the dow has flattened out and traded relatively sideways...clear divergence. This could be some good insight EOD here or for tomorrow, remember though divergence itself means nothing so we need price action to confirm for us.

I'm still recovering from surgery so I post very lightly...sorry. IMO while you could plot RSI or other indicators off the internals I feel that's a waste due to lag time. Personally I'm using internals for confirmation of my suspicions from watching price action not an actual entry.

Of course all that matters is that you can exploit something. I have tried both and like I said, in my experience TPO is more exploitable for me. Often the bellcurve looks similar as one might expect but shows me less noise on TPO'S. FWIW I still run the volume based POC along with MP to look for any discrepancy there. Jperl has TREMENDOUS threads, and volume based structure works for him. There is no right or wrong answer in the markets. I was stating my opinion and what works best for me, nothing more.

It's Ninja Trader.

I'll borrow a prior quote of yours to relate to this. "But news events aren't exactly manipulation IMHO and anyone stupid enough to get caught in that situation deserves to lose their money." STUPID is the common denominator. If you don't have a hedging plan you have no business trading futures. Thank god I was paper then and saw what could have happened without a proper business plan! The vehicle makes a difference, but the plan is what can make or break a trader.

I agree that looking at each candle, indicator level or anything in isolation renders the conclusion near useless. The market is all about context, it's used to derive perceived valuation and place a high probability bet. How can 1 candle fit the title of "in context"?

In my limited use MP and it's TPO's reveal structure S&R better than volume profiling. Also the question was about what session to profile and personally I weigh the action with the most participation more. This action is bound to = higher volume. JMHO

That's the session most plot for MP. MP is about mapping TPO's to reveal market structure, after hours is quirky and thin volume in comparison so it's not as valuable IMO.

I'll make it happen and profit no matter what, that I'm sure of. This is my passion, thanks for the encouraging words bud. BTW, since you'd teach family are you looking to adopt a 32 year old? I'll make you proud. J/K I enjoyed our brief brainstorming and wasn't shocked at our conclusion. We both have something to lose and would be trusting a perfect stranger which is a major hurdle. I'm gonna go back and read many of your posts here...I can gain alot from doing that for sure. I have the puzzle pieces, just need to put the last few in place. (I edited a part...I meant that to read we DO see each others side 100% but I'm still typing weird with 1 arm down from surgery. )

Wave hit all my thoughts. It's as much about the student as it is the mentor. You simply can't effectively mentor someone in a short time who hasn't already developed an evolved trading psychology on their own. And we all know most will never get to that point mentally. As a mentor taking on people that weren't almost there by their own power you would un-intentionally (or intentionally) become a snake oil salesman. I'm in this boat where I know I am very VERY close and need a small hand with my timing/setup creation. I would never expect to be mentored for free, but also I can't see paying a hefty amount knowing what I've overcome on my own power and how close I am mentally. In fact I think I could bring some to the table for a mentor, it could be a collaboration that works for all parties under the right circumstances even. If a mentor wants a large sum of money they probably are not screening people properly and will have a poor success rate, doing nothing but lining their own pockets. Hopefully Brown doesn't mind me saying this but he and I have talked a bit. It's so difficult to put a price on what a mentor could provide. We were unable to agree on terms though we did see each others side 100%. It's near as hard coming to agreements as it is learning to trade it would seem. If anyone is interested in a mentoring/collaboration with me please PM me and we'll chat about me mental readiness and you're expectations.

I'm no VSA expert but I've found tick charts are not the ideal for VSA in my time studying. The candles and volume don't have enough time to form and set up. 10-15 minute charts seemed to work best for me in the past. Another thought/question is 2 for 4 is reasonable...but what are you doing with the winners. Are you letting them run?

Nope...and I won't expect a legit reply to that question myself. I think most here are not likely subscribers to the service...I could be wrong. Most here seem to despise vendors selling grails or indicators.

While OT they all fall into the same boat as internet marketing machines. Thats the common bond.