Gary_Fullett joined. Gary_Fullett good evening Jon joined. Ory good evening Gary Mr_Steve Hi gary BT hey Gary Anna joined. Randy anybody know what just cause ES to jump 4 1/2 handles right now? Gary_Fullett dont know maybe a report oout of japan wyatt my short lol just kidding Gary_Fullett a sit ralied the currecnies too Randy lol Randy sounds like my luck wyatt wyatt I know mine also ian Manufacturing PMI out of China - better than expected Randy tu Jon yes, china pmi Ory everybody has goodluck themick joined. Gary_Fullett did u all get charts rich joined. Randy y Gary_Fullett llately I have found cqg my quote vendor to be lackign the voluem stats they are used too so I am swtichign vendors to see if they ar ebetter for volume Gary_Fullett so who know what trhe charts will look like timmorw night lol Jon please email to me jvantuin@bradfordequities.com Thanks Gary_Fullett today wa sthe end of the month Gary_Fullett regarding jon? Mr_Steve Gary, you are slowley re-programming my head from V.S.A from you know who. Thanks a lot Jon todays charts Gary_Fullett todays charts ar eon the site Jon ok, thanks Gary_Fullett well wyckoff isnt vsa . left. . joined. Gary_Fullett I have gotten alot of response form vsa folks Gary_Fullett the large differnc e Gary_Fullett to wyckoff form what they are taught Mr_Steve I Know, Wyckoff works Gary_Fullett so. Gary_Fullett i hope that it helps Gary_Fullett they do pirce rand volume NOT wyckoff Mr_Steve It is the definations I am trying to erase Gary_Fullett there is a differnce Gary_Fullett which ones were differnt than wyckoff? Gary_Fullett the charst ar eon the site i waited a few min for u to reteive jon Gary_Fullett fiirst chart is a chart i sent yesterday Gary_Fullett to newsltter people as an update rayjayyy joined. Mr_Steve gary I am looking for a new provider as well please email me your new vinder mrsteve2007@charter.net Gary_Fullett so lets to back to the wide bar Gary_Fullett the low at 1037 Gary_Fullett wide bar Gary_Fullett high end end clsoe high volume Gary_Fullett so the top of this bar Gary_Fullett when taken out is support Mr_Steve A lot of times volume does not match yours, and charts are not clear Mr_Steve sorry, did not mean to post that Gary_Fullett thas fine Gary_Fullett volume s imp Gary_Fullett to eb accurate PiggyBack joined. Gary_Fullett so the market went above Gary_Fullett this high Gary_Fullett and yesterday u see the grind lower Gary_Fullett we talked on the low end closes Gary_Fullett last night Gary_Fullett but i wnate dto go over for those who werent at the webinar Chuck Speaking of volume, and just so people know, esignal reports Daily volume one day behind. So the volume on Daily Futures will always be off by one bar. Ridiculous but true. Ory sun or mon Gary Gary_Fullett true chuck Gary_Fullett but ther eis way to fix that Gary_Fullett u have the chart set up for 1 minute under the day Gary_Fullett so use 23 hrs 59 min Gary_Fullett and u get the daily chart minues 1 min Gary_Fullett and have that minute liek at midnight Gary_Fullett will see Chuck Yes, but doing that makes the volume very ugly and doesn't really give you an accurate read, from my experience Gary_Fullett ahh okay ty buck left. Gary_Fullett why would it be ugly just leave a gap Gary_Fullett so a retest of the 1055 area Gary_Fullett I thought would be support Gary_Fullett the lwo end closes were sellers winning Chuck No, it very high bars and very low bars. Not much else. Gary_Fullett but the retest wa son lihgt volume Chuck Let me try it again, perhaps it's different since the last time I tried. Gary_Fullett ok Gary_Fullett ty Gary_Fullett so 3 bars fom te end Gary_Fullett we had an attempted spring Gary_Fullett which is what u woudl expect Gary_Fullett a spring at support Gary_Fullett the next bar where the spring should have lead to up side Gary_Fullett the market broke Gary_Fullett this made a bearish statement Gary_Fullett but this to em was a prper trad ethat failed Gary_Fullett so proper trades Gary_Fullett lose money rayw left. Gary_Fullett but we strive to do them Gary_Fullett understand Gary_Fullett daily es Gary_Fullett the monthly chart that i will send soon on es is a nic echart to newlstter folks Gary_Fullett but what do u see on the daily? Gary_Fullett what do the bars tells u? Anna buy support sell resistance Song demant is trying to over suply Gary_Fullett correct Anna bars say breaks are bought Gary_Fullett w esee a tradign range Jon yes range bound down here until something breaks Gary_Fullett well the largest bars are to the down side Gary_Fullett and we have a lower tradign range Gary_Fullett after selling what does this say Gary_Fullett do u see that/ Gary_Fullett we are stopping at the creek Gary_Fullett so we have a tradign range Gary_Fullett but we have No dmand bars Jon they are all on vacation Gary_Fullett so we have ice at 1033-1027' Gary_Fullett 1033-1030 Gary_Fullett sorry Gary_Fullett 1033-1037 Song is last friday shows some demand or just weekend issue? Gary_Fullett well lacked follow thru Jon nice drop dwon from there if we break through joe_s left. Song so buyer is trying but no result yet? Gary_Fullett so the large interest must defend that area Gary_Fullett or we will ahve a breaking of the ice Gary_Fullett what do bulls need to see? Randy volume right side of range Ory demand coming in Randy ending action Jon would you interpet Friday's bar as demand? I would Song I just think this is a redistribution for big hands, and trying to cheat small guys Gary_Fullett demand posisbly Gary_Fullett i wa ssuprised that we didnt ahve follow thru Jon me too Gary_Fullett but as long as 1037 holds we can get that move above sreek Jon shows how weak this market is right there Gary_Fullett so where si the edge here Randy or the cm is doing a trick play on us. Gary_Fullett buy ice sell creek Gary_Fullett as amma mentioned mark joined. Gary_Fullett so u cna se mid rnage Gary_Fullett the edge is lost Jon the surprise play would be to the upseide because everyone is leaning short Gary_Fullett well sept and oct tradionally are weaker months Gary_Fullett so u may be right jon Jon yes Randy exactly Gary_Fullett so we must wait Gary_Fullett to see a sow or sos Jon all we can do is read the price action here and react accordingly Gary_Fullett sign of strength sign of wekaness Gary_Fullett a larger bar with volume Gary_Fullett correct jon Randy most thought follow through on Monday which failed to develop so now everyone says things must really be weak. Will it be?? Gary_Fullett but we ar ein this range Brian_O joined. Mr_Steve Look at the action from 1 to 9 of 2008, a close repeat maybee. Monthly chart History may repeat it self Gary_Fullett this is why w emust wait for a joc jump over the crek Gary_Fullett or a breaking of the ice Gary_Fullett and then we knwo what ot expect Gary_Fullett well the monthly chart is clearler to me Gary_Fullett so w eneed to wait for the edge Gary_Fullett many times this is the norm Gary_Fullett traders ahve a tendency to read each bar Gary_Fullett and place high siginicanc eon it Gary_Fullett and thats not necessiry most times Jon SOH-sit on Hands Gary_Fullett its an important apsect of trading Gary_Fullett to NOT trade when the edge sint there Gary_Fullett and mid tradng raneg there is no edge Jon good point...we must have an edge Ory but not at ice or wait for nre=test Jon probability on ourside Gary_Fullett correct jon Jon right now we are guessing Gary_Fullett correct mark left. Gary_Fullett the bias is down becasue the the move form 1127 Gary_Fullett and the bar down form thee Gary_Fullett and no up side bar that matched the down side Gary_Fullett BUT a slong as 1033-1037 holds we must be careful Gary_Fullett any q? Gary_Fullett comments? wyatt 1057 is key area to me Jon no, good discussion Song is the large picture is down for es? Anna 1037 has tradeded size CM? Song and sell the upthrust plays? Ory or tests Gary_Fullett well obviosu there is support there anna Gary_Fullett but if the reaction is wekae rtoday and tmmorw than last time bearish Gary_Fullett so w etrade the edges Gary_Fullett we trade the edges Gary_Fullett suport resiatnce Gary_Fullett august tend s to eb a choppy month Gary_Fullett with vacatiosn Gary_Fullett especiallt in europer Gary_Fullett in europe Gary_Fullett so the trade tends to be thinner Gary_Fullett and more chop Gary_Fullett as we get the wek after labor day alot cna happen Gary_Fullett any q? Ory good Gary_Fullett okay jil joined. Gary_Fullett nas- es spread Gary_Fullett u see a defeined down trend Gary_Fullett in this spread Gary_Fullett but also near support Brian_O so possible short term bullish implications? Gary_Fullett this is a reverse trned line and support Gary_Fullett yes, Gary_Fullett which is why we probably bounce dtoday Gary_Fullett but if u odnt get a reaction Gary_Fullett the reverse trned line gets lower and lower Gary_Fullett which can lead to more down side in stocks Gary_Fullett see this Brian_O how long has this spread been correlated w/ the overall mkt? Gary_Fullett i ahve followed it for a few years Gary_Fullett I looke dat it during the .com days Gary_Fullett but it got so out of whacked Gary_Fullett that i didnt for years larryg joined. Gary_Fullett so in 2008 i wanited for signs of a bottom Gary_Fullett so i waitched this Gary_Fullett this spread botomed in nov 2008 Gary_Fullett the dow and s and p in march 2009 tonyw joined. Gary_Fullett so ths spread to me would tel us direction of stocks Jon interesting Gary_Fullett i watch this alot Chuck That is something. Gary_Fullett i sent the monthly one for tonights newsltter and it si very interesitng Brian_O any idea if this spread is available w/ TradeStation? Gary_Fullett but i have shown Gary_Fullett that in nov 08 ths spread bottomed Gary_Fullett 4 months before this rally Gary_Fullett have no idea Gary_Fullett can u do spreads on trade station? rayjayyy left. PiggyBack yes Brian_O I also have no idea PiggyBack isnert symbol PiggyBack insert Song oh oh, it topped on May, right? Gary_Fullett so if u cna do spreads u can do this chart Gary_Fullett yes song Jon if you insert you have a graph of both though don't you Jon in TS Song so it is very reliable. Jon yeah it plots both not like gary has on his chart Gary_Fullett why not not Gary_Fullett it subtracts 1 from each other skylar joined. Jon not in TS Gary_Fullett i am not famialair Gary_Fullett cqg does it Gary_Fullett e signal probbaly does Gary_Fullett and toehr Gary_Fullett others Jon looks like no spread ability in TS Anna Try clever cookie GaryF Gary_Fullett a shame Gary_Fullett spreads ar every imp aspect of tradign Gary_Fullett esp in currecnies Jon yes Gary_Fullett cant u do it for forex? Jon i don;t see away to do it in the charts Gary_Fullett ? aana? Brian_O I'll have to investigate and let you folks know, unless someone else knows Gary_Fullett in trade station or esignal for example? Gary_Fullett future source Brian_O TS Randy cookies, I think she is thinking of swetz ::cool Gary_Fullett lol Gary_Fullett okaY q on this? Gary_Fullett euro Gary_Fullett what do u se ehere? Brian_O OK, Gary said buy mkt :)) Brian_O exactly what your commentary says, middle of tr Gary_Fullett u have a large br Gary_Fullett at creek Gary_Fullett close dmid range Gary_Fullett what does that bar say? Brian_O cm selling, no institutions buying yet Chuck For currencies, what two charts would you be doing the spread on? Gary_Fullett there are alot of spreads for currecnies Gary_Fullett mos active tradign in the world Gary_Fullett curecnies pairs Chuck what would be an example? Randy some selling came in Gary_Fullett euro dx Gary_Fullett euro yen Brian_O coming from weakness, need to see demand step in for move higher Gary_Fullett so the mid raneg clsoe ays sellers Gary_Fullett right goood Gary_Fullett so u see why the retest Gary_Fullett the next 2 bars didnt joc Chuck would a spread chart of eur yen be different than a eur/jpy chart? Brian_O would David Weis have shorted that high vol bar, do you think? Gary_Fullett no the same Gary_Fullett well selling creek Chuck Oh, I see Gary_Fullett or an upthrust after wekaness Gary_Fullett is a proper slel yes brian Gary_Fullett sell Brian_O no climactic action yet Gary_Fullett the monthly chart shows more clear Gary_Fullett the daily is sloppy due to august Brian_O don't look at this symbol so not sure if that is how it trades, that is w/ climactic action Gary_Fullett there is no cliamx here Brian_O as I know you have said that lack of selling can lead to demand Gary_Fullett the action is a reacion from creek in a range Gary_Fullett correct Gary_Fullett but we do have selling Brian_O but that does not necessarily imply climactic action, does it? Gary_Fullett no Gary_Fullett just becaus eu have a lack of selling on the down sid ein a beairsh amrket Gary_Fullett u MUST get dmeand to have a move higher for mark up Gary_Fullett with demand in a down trend lack of supply wont turn it . left. . joined. Brian_O so I can see where having a good feel for how an instrument trades is an advantage as opposed to just looking for particular patterns Gary_Fullett this must be well understood Gary_Fullett same in revrse form a bullish market Gary_Fullett forget patterns Gary_Fullett like hea dand shoulders Gary_Fullett they work and they dont work Gary_Fullett but tis a guess Brian_O exactly Gary_Fullett when or if they will work at times Brian_O I've been on both sides of those Gary_Fullett it sells alot of books Brian_O frustrating Gary_Fullett right its a guess Gary_Fullett watch the poric eand volume Gary_Fullett it is the ONLY 2 features that tell u real live time Brian_O although they can be self fulfilling prophecies as long as you can read the price/vol correctly Gary_Fullett well thatsd why MA ect Gary_Fullett are effective at tims Gary_Fullett many use it Jon you must read the price/volume action with in these patterns. simply relying on the pattern is a sure way to lose your doe. Use what Gary teaches us to refine. Gary_Fullett so they press for direction when hit Brian_O agree Jon Gary_Fullett well said jon Gary_Fullett again in euro no edge Gary_Fullett thats the point on some of thes echarts to show u that not every chart is a trade Gary_Fullett and we must wait for the edge Gary_Fullett or lok as amos say Gary_Fullett level of know,dge lok Gary_Fullett q on euro Gary_Fullett i wnat to share a chart i sent to newlstter folks Gary_Fullett this is the classical chart Gary_Fullett where to find a trade Brian_O six bars ago also looked to be a retest of broken ice, that is six bars before the bar you've got marked as stopping action Gary_Fullett yes brian Gary_Fullett see te euro 60 min Gary_Fullett we have a low Gary_Fullett in a down trned Gary_Fullett the wide abr Gary_Fullett mid raeg close Gary_Fullett is a red flag potietial Gary_Fullett see this at the lows? Gary_Fullett this sia stoping action bar Gary_Fullett then lok at the next 4 bars Gary_Fullett what do u see? Gary_Fullett u see a weka retest larryg high closes Gary_Fullett we know markets tend to retest Gary_Fullett so we get a retest Gary_Fullett and demand comes form lower Gary_Fullett and many times a spring Gary_Fullett did u get that? Brian_O y Gary_Fullett what was the sprign bar? Mr_Steve y Anna OKR Gary_Fullett btw i am working on a software that just identifies springs and upthrst wyckof style PiggyBack first hour Song so spring will not be re-tested? Gary_Fullett it mY SING MAY NOT Brian_O wide range/higher relative vol Gary_Fullett song Jon sounds like a money maker Gary_Fullett so we have a define dcreek Gary_Fullett if the first low wa spre support Gary_Fullett the low wa a sc Gary_Fullett or a spring Gary_Fullett the high of prelimaninry supply by defintion forms a cereek Gary_Fullett the line is drawn Gary_Fullett at 12660 Gary_Fullett 122670 Gary_Fullett see that Gary_Fullett it si also the top of the spring ba Gary_Fullett bar Brian_O preliminary supply or demand? Gary_Fullett pre suport sorry Gary_Fullett or pre demand ty brian Brian_O no prob, just checking Gary_Fullett ty Gary_Fullett so we had a move above this creek Gary_Fullett where to wyckoff is the best palce to buy? Brian_O retest Brian_O of creek Jon yes the highest prob. trade is on the retest Gary_Fullett did u get that? Brian_O yes, where you mentioned it :) Gary_Fullett if u bought the retest u never had a draw down Jon yeah allows for a good stop Gary_Fullett gave about 80 points 1 k in profits Brian_O are these the type of calls you make in your trade room? Gary_Fullett in the case of a 60 min chart 80 points is more than whsts expected Gary_Fullett i try to brian if i can see them Gary_Fullett but i want to show u so everyine can see it Brian_O this seems like a real 'softball' larryg gary, where on that bar would you enter the trade?thrust of retest bar? go to smaller time frame and enter at high of creek? what is lowest risk entry point? Jon you see the ball relly well when they setup like that Gary_Fullett 3 bars from the last bar Gary_Fullett \ if u didn buy te spring larry Gary_Fullett where i wrote perfect retest Brian_O knowing that most springs fail in downtrends what would have caused you to trade this one? larryg ok Gary_Fullett the wide spring Brian_O or are you just saying if you were an aggressive trader? Gary_Fullett great q Gary_Fullett the wide spring bar Gary_Fullett tell us what? Gary_Fullett a small spring shows ack of demand on a spring Randy demand Anna cob Gary_Fullett what does a Large bar spring say? Jon a lot of buying Gary_Fullett differnce in the quialty of the spring? Gary_Fullett i talk always about the type of reation Gary_Fullett tis was buying Gary_Fullett now please pelase pelase remmeber Gary_Fullett that this is an hourly chart Gary_Fullett so wouldu expect a retest lower after the p and f count is use dup? Song so the most trade you are talking is day trade, right? Gary_Fullett this si a 60 min song Gary_Fullett u see tsi on all time frames Song based on 60 m Gary_Fullett 60 min 5 min Song thanks Gary_Fullett monthly Gary_Fullett i lok at 60 min alot Mr_Steve . Gary_Fullett its a classcial chart Gary_Fullett I cant od better thne this fols Brian_O don't use p and f enough to know but I think I would expect some sort of retest of the Gary_Fullett it sis absoully classical Gary_Fullett frame it Gary_Fullett correct brian Randy yes, it will retest lower Gary_Fullett great Gary_Fullett it did Brian_O would you be marking an up channel at this pt Gary_Fullett it came back to the joc area Gary_Fullett u could Gary_Fullett from the low thru the low at 12670 Ory Gary,whats the chart for framing Please Brian_O yes Gary_Fullett this one ory Ory TY Gary Gary_Fullett yw Gary_Fullett any q? Gary_Fullett this is a goft for the room Gary_Fullett gift Gary_Fullett corn Gary_Fullett look at the stoping action bar Gary_Fullett early aug see this? Ory Thanks again Gary Gary_Fullett but lack of folow thru Gary_Fullett to the down side so we retest Gary_Fullett back to the highs Gary_Fullett so this is most liley abrobtion Gary_Fullett likely absorption Gary_Fullett a ssupply ahsnt come in Song so somebody capped the market? Gary_Fullett yes Gary_Fullett what was the bar 23nd to the rigt Brian_O on a stopping action bar like the one you've shown, at what pt would u expect a test of the highs? After no follow thru immediately? Song upthrust skylar left. Jon upthrust, yes Song I will say this is the second time try to break the creek PiggyBack left. Gary_Fullett also a sot Gary_Fullett shortenig of the upward thrust Gary_Fullett so thus the break Gary_Fullett but ti wa sbouught Gary_Fullett a sot is NOT trend action Gary_Fullett understand? Song yes, thanks Gary_Fullett good Gary_Fullett quiz Brian_O makes sense Gary_Fullett best way to learn Jon gary, what do u mea specifically by sot not trend action Gary_Fullett what do u see? Brian_O doesn't mean I'll pick it up next time but it makes sense Gary_Fullett if u are in an up trned Gary_Fullett and u see a small rnage bar Gary_Fullett a sot Gary_Fullett shoretning f the upward thrst Jon yes Jon ok Gary_Fullett ths may lead to a correction Jon ok Gary_Fullett but doesnt turn a bull market into a bar market Jon right Jon thanks Gary_Fullett if this was a sot in a down trned Gary_Fullett the the down trend will continue from there and be stopping up side action joe_s joined. Song spin tops? Gary_Fullett a toy? Song as candle issue Gary_Fullett spin tops as a kid i played Jon yeah a topping tail Brian_O \candles I believe Gary_Fullett happy b day candles Brian_O :) Song childhood toys Gary_Fullett so what do u see? Gary_Fullett quiz Song test the previous high Jon creek Gary_Fullett right Ory 1 spring no UT Gary_Fullett so go to page 2 Gary_Fullett i drew the lines Gary_Fullett the trading range Gary_Fullett and the channle Mr_Steve we jump a creek but did not retest at about 63.00 Gary_Fullett this is How u must apprach it Gary_Fullett horizonatal range Jon yesnice pattern to move higher given the closes and location Gary_Fullett and a channel if u can Mr_Steve what about no retest at 63.00? Gary_Fullett so 1 if bullish 2 if bearish? Jon 1 Song not sure Brian_O 1 Jon loading up on this one Randy markets dont have to retest. Jon as a breakout Brian_O demand in background Gary_Fullett well in a tradign raneg shouldnt retest 6300 if bullish Song the volume is not that good Mr_Steve Please explain not retest? Mr_Steve Randy Gary_Fullett we ahve a highe rtradign range in an up trend Gary_Fullett u will see soon why mr steve Randy if bullish it does not need to retest Jon no retest...bullish consolidation through time vs. price Gary_Fullett rigt randy Randy retests dont necessarily have to occur Gary_Fullett if w ehave an uppe rtrading raeg after dmeand Gary_Fullett then we shpuld joc Song time is too short, need to see the next Gary_Fullett not break the ice Gary_Fullett horizotal line ar emush more imp than channels Gary_Fullett a su know Gary_Fullett correct song Randy its nice if they do to give you an opportunity to enter a long. but------- Gary_Fullett go to apge 3 Gary_Fullett as jon mentioned the loses and volume Gary_Fullett all we know si bar action and price YG left. Gary_Fullett and volume Brian_O closes upper/mid range Gary_Fullett what do u see? Mr_Steve Now this chart has really confused me Song sot? Brian_O decent vol Mr_Steve If I was waiting for aWyckoff buy I would have missed the trade Randy you dont always get the ideal opp, so wait for the next one. Brian_O wouldn't Wyckoff buy be a retest of joc? Song trying to break the creek, but no result so far Mr_Steve My thought exactly Brian themick left. Brian_O but also minimal risk if buying long here also tonyw left. Gary_Fullett this is absprption Mr_Steve I thought the aim hrear was to learn, jump retest, jump retest? Gary_Fullett go to the last page Song if buy here, I will say more profit, yes, but also more risk Gary_Fullett this wa sabosprtin Gary_Fullett this is absoprtion Gary_Fullett this si absorption Gary_Fullett u cna tell by the volume Randy does everything always happen the same with all that you do in life--- it doesnt with the markets either. Gary_Fullett and close of bars Gary_Fullett it si absorbing the creek Jon when it jupms the creek buy the breakout and put your stop under the bar that got you in Mr_Steve I falloed everything up until this. Now really confused Gary_Fullett in this case u didnt get a retest Brian_O no retest , so missed long trade if waiting for retest, at least so far Gary_Fullett but u ebtuallly do Jon the most you can lose is one bar but you will when many when you do when Mr_Steve No retest has kept me from several trades the last several weeks I wanted to take Gary_Fullett mr steve u dont see the absortion.? Gary_Fullett so thats fine Gary_Fullett if u dont get a retest Brian_O so maybe if you can accurately identify absorption then you can enter a long positionbefore the joc Gary_Fullett why didnt it retest? Gary_Fullett any idea? Anna Gary, can I say Markets are allways testing and RE testing But, some times on smaller time frames where the Day Chart may not show so well? Jon too bullish Randy deman Randy demand Brian_O shorts were taken out before joc Song missed one train, then there is another one, lost life, lost everything Jon sometimes they just take offf Mr_Steve Not when I am looking for REEST. I see a lot of this and stay away from them Gary_Fullett they retest on all tiem frames anna Gary_Fullett smetimes thye dont Anna ok Gary_Fullett but yes anna Gary_Fullett u may not see it on the daily cart Gary_Fullett but an hourly or 30 min Anna right Gary_Fullett great observaton Gary_Fullett very wise Song so this chart is opposite to es, currently, right? Gary_Fullett great Jon must use multiple time frame analysis Gary_Fullett did u see what anna wrote Randy your lower risk trade is a retest, if you are more aggresive then buy the joc with appropriate stops Gary_Fullett whichis why i use 60 min Gary_Fullett and hone in on smaller tiem frames Gary_Fullett but as anna says Mr_Steve On smaller time frames I Jon yes wait to see if it hols the 60 min on the joc another approach Gary_Fullett the retest may beona smaller time frame Mr_Steve see this all day some are successful test and some are not Gary_Fullett the reason for a lack of retest Mr_Steve How to know what to do? Gary_Fullett is because cause was build Brian_O anna gets star today Gary_Fullett in the trading range once we had a joc Gary_Fullett the market wa slike a powder keg Jon you have to look at the quality of the consolidation patern not all are the same Gary_Fullett and was ready to move the trading range was biding cause Gary_Fullett and when the bullish new came Jon should be volume on the breakout too Gary_Fullett we didnt retest Mr_Steve I can find a tetest on any small time fram, so I am really confused now Gary_Fullett but u had to determine that this was asrption Gary_Fullett and it clearly was joe_s left. Gary_Fullett if u dont get a retest Gary_Fullett the u miss it Gary_Fullett it happnes Mr_Steve How can one tell absorb? Gary_Fullett the closes Brian_O consolidation certainly leads to some sort of breakout/breakdown and it is nice to be able to at least have some inkling based on price/vol/closes Gary_Fullett the volume in the back round Gary_Fullett mistly by the mid range close sto highe rmid range Jon if you bought the breakout and put your stop under the bar that got you in what do you have to lose? Brian_O minimal risk, exactly Jon yes Jon then if it retest add to your position Brian_O yes, nice Mr_Steve In todays market this would be conciderd a risky trade for me Jon this is where you make your money seeing a good setup like this and ponding it if it retest again Brian_O Gary, I can see the how the closes 'tell a story' but how would you describe the vol here? Jon no risk if your stop is under the bar that got you in Gary_Fullett the volume came on the buy bars Brian_O at least leading up to joc Gary_Fullett so demand wa swinning brian Gary_Fullett the closes toold u Gary_Fullett buyers winning Anna lack of supply Bars Gary_Fullett the clses are the best clue Brian_O vol seemed pretty consistent during trading range Gary_Fullett but it isnt easy Jon if the break out is going to work it shouldn't come back into the base so just put your stop under thbar tha got you in and sit back Mr_Steve I am not disagreeing, because I am an option trader on the indexis like the Russell, I look for farther long term setups. I have to play major trading turnes with P&F Gary_Fullett but what u dont see is supply Gary_Fullett so one knows up trned Gary_Fullett correct jon Brian_O add to that the fact that price did not move away very quickly Mr_Steve I only keep my options for 1 day Brian_O from creek Gary_Fullett its clear absortption Gary_Fullett this woud ahve bee a call buying in the tradign range mr steve Brian_O is this another 'classical' chart? Mr_Steve I am the only one I know day trading Options Brian_O I was when I was around during the day Mr. Steve Mr_Steve For some but I am trying to learn Wyckoff and I am only using Wyckoff rules Song so you trade options as futures, right? Gary_Fullett mr steve any q? Brian_O what time frame are you trading on Mr. Steve? Gary_Fullett or any one Mr_Steve Again I am not disagreeing, just a little confused. I would need more for this trade, ma"s and other things Ory ty gary Gary_Fullett no prob trying to help Mr_Steve 60 and 30minutes Brian Gary_Fullett thats why the chart larryg 30/60 min DIA Mr_Steve I have a 74% success rate Brian_O love the interaction, very good to bounce ideas off others Jon you need to be able to see this as a high quality setup here Mr_Steve I agree Brian Jon everything was saying higher Mr_Steve I do not see it Jon Gary_Fullett i do as well Mr_Steve As the older way I traded yes, I am now trying to incorp. Whycoff for higher success rate Gary_Fullett thats why we are here Ory who trades options on futures ? Jon one is the bullish consolidation pattern in the upper part of the range. the price action in the range with the high closes Gary_Fullett to help all Song I trade options a lot too Gary_Fullett correct jon Mr_Steve I do not trade options on this stock, they move 2 slow for me Song but not daytrade, as Mr_Steve Jon plus the volume drops off in the conslidation pattern...all bullish Jon then the break on high volume Mr_Steve Gary, question Brian_O look how quickly price moved away from this level back in early Dec Ory options on futures Song yes Mr_Steve I just finished an earlier video, wher you discribe the action and volume like this as noise. That is why I am confused Brian_O watching price action at prior support/resistance levels is also an important thing to watfh Brian_O watch Mr_Steve Based on december action I would have been watching for an upthrust Jon that consolidation pattern is so tight too Song thanks a lot Gary, good night Gary_Fullett in a tradin g range many times it is mr steve did u get a sow or sos Jon not wild and whippy Jon the price action it very tight here showing you it is just resting Brian_O you mean at joc, correct? Mr_Steve No just the smaller volume. I have watched in the past smaller volume turning bearrish BT in dec there was a first supply bar and a climax ,,would be looking for springs Brian_O higher relative vol w/ close at/near highs Jon the fact that it consolidates through time and not price further shows you the strngth of the consolidation pattern Brian_O good pt, Jon Mr_Steve I will study this one after class and see what happened after March 2010 Mr_Steve Thanks for showing this. It should help my eyes a lot Anna Trade a UT after weakness in the back ground. for me. Gary_Fullett thats why i did it Anna Nite All ! Gary_Fullett to help Brian_O genius Gary_Fullett correct bt Jon thanks Gary...great class Anna left. Mr_Steve the stock did keep rallying Gary_Fullett ten the stock broke hard Gary_Fullett wen tto the rtl line Mr_Steve Thanks also Gary Great Class. Amos tomarrow? Mr_Steve Gary another question, do you have time? Gary_Fullett yed ian left. Gary_Fullett i have time Gary_Fullett yes amos tommorw Mr_Steve Your last 3 videos I cannot back up or fast forward to repeat something you say Mr_Steve any idea what is wrong Mr_Steve I emailed Miss Kelly and got no anaswer Brian_O I actually noticed that as well larryg left. BT gary I saw where you said cqg was getting volumes off? I am going to give DTN IQ a try will let you know Mr_Steve I am making notes from your teachings Mr_Steve If I want to re listen to something I have to Mr_Steve replay the video Brian_O the ENTIRE video Mr_Steve Yes Mr_Steve the entire video Brian_O and there's a lot of good info. but .......... Mr_Steve Lots of good info Brian_O pretty weak complaints based on all you do for us though Gary_Fullett i thought they were bt Gary_Fullett I am looking into it BT ok Gary_Fullett please let me know on it okay Mr_Steve I have tried to play the video in several players with same results Gary_Fullett u can go back on it? Gary_Fullett i worte to goto emeting to see if i can make it easier Brian_O Gary, thanks for another great class. Learning quite a bit. Gary_Fullett or they can Mr_Steve Greatt Mr_Steve Great class Gary Mr_Steve Your time and effort is greatly appreciated jil Good stuff Gary thanks Brian_O left. Mr_Steve Any idea on the video gary, is the problem on my end? jil nite all BT thks jil left. Gary_Fullett kelly cntwacted them Gary_Fullett I will knwo tommorw Gary_Fullett u can write kelly and ask Gary_Fullett i try my best to help Mr_Steve OK Gary_Fullett okay time t walk my 16 yr old dog and do soem charts Gary_Fullett seee u all tommor ow Mr_Steve Have a nice evening gary Gary_Fullett ty Gary_Fullett ty u the same ty Gary_Fullett left.