traderxman

See pm...please re. new latest

Blow...I lay at your feet with respect. All due respect...drummond or P&L as he likes to call it... Has its own faults with respect to the nearbys... they are drwan by using the close of the last bar... In other words for anyone else reading along here...the nearbys acan be drawn very differently because of a single tick difference. Yes the originator will hand draw them by hand and disagree with software designed by Robin Mesch...she holds the rights to them. Basing them solely on the 2 and 3 bar lines...many times changing hs mind indicating that the nearbys are also very subjective to draw. Have all the software you mentioned and many years back got into programming also...NeoTicker etc etc THe latest software finally adressed the TS software issues for multiple time frame usage for day trading...this is all based on the free work of Bamboo (i.e. ADE) THe latest nearbys are called oncomings, again based on another algorithm as you called the last nearbys. Lesson one clarifys the loss of the pldot...but using oncomings or subjective nearbys??? Hence the suggestion in the SFT's to use clear closes...its an interesting study of work...like your thots...no disrespect meant.

if you follow drummond in the least you know the nearbys are the indicator that is THE systems heart...developing code on this...i seriously doubt it since you would have had to crack a special program to get...

Looks interesting...where is your entry for ? Maybe you can explain the conditions with arrows for us old farts

An indicator for congestion is also called a dotted line. This is lesson #1, the loss of the pldot push. The indication of this is when we have no c waves up. The c wave is a close beyond the envelope....so no more closes up, the crowd has lost its interest in driving price. In the chart previously posted (2 posts back) the red arrow and bar before conform to this indication, 3 bars b4 the red arrow down, this is called a c wave...notice how they stopped...then you got congestion enetrance.

Point well taken... Lesson #1 (loss of the pldot poosh up, in this case)...red arrow down Great lean...a quarterly level Now dig deep and learn. The 2nd horizontal mark (just under the red arrow, is placed 1 bar into the future) not some indicator shit that lags When the marks point sideways, you have confirmation a top is in.

Take your DGII indicators for example...a simple test, try placing them on a 15 minute chart (sub bars 4)...i.e. a 60 minute envelope on a 15 minute chart and then take note, that the 60 minute envelope plotted on the 15 minute is way different than the actual 60 minute envelope itself. All other intra day indicators, including DI, daily on intra day are inaccurate. Take some time and get to know your indicators. The concepts are valid, the indicators will make your head spin... Not trying to shit on this parade, like the fact that someone has taken an interest in what I believe to be the best way to look at the market, I have been studying various methods since 1996. Big deal,I'm sure there are many others here that have more experience. Success is making shit turn green IMO. Drummond has the ability to help withrespect to that. They have new indicators.

Have to use TS...I have heard about MC, NT etc etc...have most of them. But TS is a programmers concern, the original DG indicators for intra-day never were accurate, trust me here on this one.

Markets are prime re. drummond...for a big fall from ES June 865...alot of geometry

A good geometric lean and lesson one is all that is needed to make money. KISS

http://www.futurescalper.com anyone had any experience with this software?

As i saw them, TL16 Chart: By 2:15 we only had 3 bars...light volume to say the least. Ok. so we opened up in the exhaust area. Meaning we wud have been looking for a reason to short. Shorting the top of Daily nearby resistance was a good lean for that. TL14 Chart shows 1st arrow down. Then we exhaust into blue at TL16 Chart, bottom of daily nearby resistance. TL14 Chart shows the up arrow for the buy... We covered off the last buy in previous post. So it was a tradeable day...but thats enough for me for the week, going on holidays and will return soon. Hope all hada great trading day! Lets here it for P&L-ers!!!!!!!!!!!!!!!!!!!1 TX

TL15 Chart: THis one shows the Weekly refresh bottom. 13,178 You need to learn this one. Charlie helps! TL14 Chart: THis is the buy into 13,178 and we see the market exhausting (blue) into the blue area for the buy. Get long at mkt. 13,182 Thot I wud get this off b4 gym, waiting on wife. TX

So far its been struggling to get up, but has had its reasons. Made a bold statement this morning that thot the YM was up... Not a great category (Technical Analysis) to post in if I am not going to post up the why's. When I get back from the gym, will do so. TX

No economic numbers out today. Here are my levels 4 today. 13371 13347 13254 13228-29 13207 13201 13125-33-39 13101 13074 13023-26 12983 12976-79 Looks right now that 13,176 is holding and we go up today. 13,220, 13,249...then 13,347. One of those days.