MC

WOW...insane.

You've made lots of posts about TTM lately, they should just give you a free month for all the advertising going on over here. :helloooo: I admit I've read JC's book and liked the core info, but I would NEVER dream of paying $1k+ for a dumb indicator, typically one we have here for free no less. :o It makes me sick to think people actually pay that much thinking they are getting a grail when they are getting boosted free code that represents little to no edge IMO. JC and HS make bank off people dreaming of trading, I'd love to see their track record for mentorships and chat room users. As in how many of the people that blew big bucks actually became net profitable from what they learned for that money...I bet close to none. A 5 day mentorship is like $7500 with them. :doh: Anyhow...carry on folks. :rofl:

I have the same issue. odd

WOW...then again this isn't a fair game as much as most like to believe. Interesting article though.

It's ashame the blog isn't here...I really like the approach and hoped to learn more from the op. I removed the name of the blog since it's tied to a paid site.

USD to the moon baby!!! J/K but man what a move she pulled. Hope any fresh shorts ran stops just outside the congestion zones.

The most recent down move has built bullish divergence where price tested lows yet the MACD as well as the MACD histogram failed to even come close to their prior lows. This was a VERY bullish indicator. I would have preferred the volume had been lower on the 2nd test giving a 2nd and more important diverging indication though. That would have told me there were less sellers at a prior key level and we didn't get that so I'm not a total believer of this rally yet. I will become more bullish if/when the same level (or lower) has very low volume aka: brings out very few sellers. I will become full bull when the red downtrend and structure resistance are cleared and legitimately defeated. Thoughts?

I'm on month 2 with Ensign and am thinking of giving SC a go. For many reasons but the full MP for only 8 bucks more is something I want to delve into. I would get I believe level 9 which is good for transact data, has the EOD (I think they use DTN MA) and gives me TPO. Any thoughts, suggestions or neat indicators you could share would be great. Thanks, MC

Is there a reason you made 3 posts all with the same text? I deleted 2 of them and this one needs to stay productive or you may see this vanish as well. Please keep on track and don't spam here. Thanks

I know, there's nothing anyone can say that makes it go away either. Some comments actually make things worse. I hesitated to post what I did because I'm not a big relater and didn't want to risk offending or causing more pain. I tend to dislike when someone says to me "I know what you're going through". But that's a flaw of my own, it's not a good trait to have. I'm kind of a loner though when it comes to stuff of the mind. I don't like outside sympathy for some reason, I'm sure I could break it down in my mind if I tried but meh. Just hang in there and keep busy, try to remember the good times when you get upset. I will never go away (and why would anyone want to totally forget their companion), but it will get easier once the pain subsides. You can PM me too if you need to talk. I don't know you personally and despite my self internalizing I do like to help others quite a bit.

I 2nd the trending remark, how does it look in chop? The other thing I note...it looks too much like the price action itself. There's no discernible edge I can see, at least from the screenshots themselves. How does something that tracks the price action that close give you any early usable clues?

If you can, get out of the house. Go to a book store and read a little, try to keep your mind busy. Only time and for me becoming occupied with a hobby made it slowly move to the back of my mind. Give yourself the time it takes before trading or doing anything stressful mentally.

Sorry to hear this bad news BF. This is the toughest part of animal ownership, many times it's not their choice to leave since they can't speak and that leaves us humans with the massive burden. Just trust yourself to have made the right decision, that's the only thing we can do. I had a cat from 1982-2005 (23 years), and I was about 6 when we got her. This was basically a life companion for as long as I had memories, hardest thing I've ever had to do was make that decision. She was so old and frail, had no quality of life and it was time. I had to enable myself with the faith that I made the right decision, it was not easy. The good times far outweigh the bad and as soon as you give yourself the right to let go a little, try to remember the good times. I feel animals if they could talk would say things like humans do, "remember me from when I was in my prime". The selfishness we all feel for wanting something forever is an age old issue. Maybe try to look at it is you had forever, that is the entire lifespan of this great companion. You made their life bright and in turn they did the same for you. And give yourself credit for not being selfish, I know someone that put a dog through chemo to have an extra year. The financial burden on them was huge, the dog suffered horribly and in the end the pain was far greater from clutching and holding on beyond what was meant to be. Sounds like you did the painful but proper thing. I had 5 years with this Boxer dog that had cancer, it was hard to watch it suffer to satisfy (even from a distance) my ex's needs. Gamma shared excellent thoughts as well, thank you Gamma. RIP

True, sometimes you have to relate to other things to help people get an image of psychology though. It's about PERCEIVED VALUE and emotions, that was the intended point in my post anyhow, not the type of item. Maybe you could go long Larry Bird collectibles at premiums and that might spook off Jordan buyers, in effect acting as short pressure? LOL J/K

I looked at being new and getting bombarded with info (some good, some bad) as me paying my dues. If you go to an anonymous web board and ask how to invest your money, you deserve what you get and you get what you paid for. I started in the pumped penny stocks, you can guess what happened to my money on that endeavor. :o Sad thing is now when I try to help noob's and they call me a basher and shun my advice despite my warnings VERY frequently panning out. After understanding that most info on the web is garbage (some intentionally, some from blind leading blind) people can react 3 different ways. 1) Keep funding and trying the same crap that lost their money in the first place, OVER and OVER again. Treating the market like a get rich quick scheme by gambling for the rush of a win. Many will eventually move to option 3. Very few of this type will progress to option 2 as they often have the wrong motive and expectations. 2) Wise up and begin to use paper trading and/or trade with limited capital to educate yourself. It's a long journey so I'm sure many that choose this option eventually move to option 3. The further I get in the more amazed at how hard WE make this game. It's our minds that cause losses and difficulty, not the market. 3) Quit and accept your losses moving on to the next get rich quick scheme or suicide if you're broke enough and everybody has left you. The professional traders thank you for your patronage. :doh: Note: I'm not saying the refunding accounts in option 1 is bad, this game takes repeated funding and insane determination. It's the motive and approach that separate the winners and losers. If you want to get rich quick, you'll go broke even faster. My motive is to bend my mind into that which the market allows me to profit from. I'm a psych driven thinker that loves a challenge almost as much as the thoughts of profit.

How the heck did they set this up to plot MP based color bars? Ensign has so many options and capabilities I can't help but feel like I'm challenged and dopey. :o I asked on another thread but since this one is Ensign specific I'll as here also. What are some of the best hotkeys you guys use alot? Thanks again for all the tips.

Is there a reason you do the pivots on NT rather than Ensign? You guys got me hooked on Ensign and it's a great value, though I'm still tweaking it for my ideal setup at this stage. It can be overwhelming and I'm trying to make a list of the best hotkey commands. At the risk of a brief thread hijack...any tips on hotkeys? I would like to have pivots (month, week, daily), vwap and my VP levels plot on one single window to look for those clusters. Can Ensign not run the pivots well? Thanks again

I've done what I term fib mapping, which is just like you describe here. I draw fibs using my technique and as they overlap it creates a grid. Look for open areas in the grid and if you break into the blue sky area it should fly to the next fib based resistance. I stopped using it cause the screen was too cluttered, maybe I will try again and just highlight the levels of "blue skies".

Thanks OAC...that was what I was wondering...how you kept all those levels marked without blocking the price action. So you run separate screens for levels then have your price action window separate I take it? Thanks for sharing

Easily no, I guess that's what I mean. When they do break (setting aside gaps) they go wild in my limited experience. Probably due to the pressure needed to push through that level. That could lead to a question of maybe its better to use market orders on these setups in case since a limit could be jumped on an explosive move? S&R could be broken even though they hold most the time. Thank god cause if they never broke the market would be pretty boring. I saw all the levels you said you have computed...any chance you could show a few charts from the past so I could see what you're watching?

Would you agree than any level with converged S&R has the chance of stopping dead in the tracks OR breaking with velocity? I have seen the later as well, where there is a major zone for supply/demand and it just breaks and SOARS. It has to do with the reaction of participants at that key level right?

Get ready...somethings gotta give. 2 days now TRIN has been moving in tandem to the DJI. These are meant to be inverse to one another so divergence (or technically absence of divergence) is horribly blatant but with no direction. Looks like the DJI may have a double top since TRIN failed to make a new low with the retest though? Thoughts??? I've not seen this in near 2 years that I can recall. Also being new to MP today is what I believe is called double distribution. There are 2 levels on the profile with fat participation. I've actually marked my charts for tomorrow as if there is 2 POC. I can't lie, I'd love to see shorts get squeezed like an orange on a juice maker. LOL

I long for that lightbulb to go off. I've had many moments trigger in my brain but the shakeout/fakeouts still get me anxious. I don't rely on them for my setups but still want to understand when its just games and when its legit. Here's to many more hours of screentime. Thanks to all you guys sharing.

Why would this not be well received? I'm gonna get skype and contact you as well sometime. You could have saved me probably about a year of indicator horseplay. I wish I had a legit mentor when I came into the game.

Still plenty of resistance ahead on the markets overall. DJI has no divergence on a weekly going into this move so perhaps the Nasdaq is leading off it's divergence. Either way Nas has been the stronger market all the way in this bear really. In case some newer folks didn't catch the tip on the charts...there is a nice ticker to help you spot divergence on highs and lows.