:: actio-et-reactio ::
amg's market charts and blather
To all my friends, a very Happy New Year, wishing to you all prosperity and peace. Give the dark side a real scare, Share your wealth: material, psychic, and spiritual.
click for full size image
$VOLD is the Esignal symbol for Advance Issues Volume minus Decline Isses Volume. I believe it to be a much better indication of "bias" than TICK, or the simple A/D line. This chart demonstrates how TICK and VOLD "interact". Obviously they are not correlated, but one can see that a whole lotta TICK (in this case a move from 1000 to -92) didn't put much of a dent into the VOLD, indicating that simple re-distribution is going on, rather than a prelude to a flood. Here is the comparable 1m ES chart for reference only (I do not use a 1m chart in my trading).
I've been keeping a very low profile overall, as the quarterly entries in this journal reflect. Aside from a wonderful trip to Nova Scotia this past summer, I've spent a good part of the time working to hone my intraday trading skills. This increasingly requires greater focus on my part. Candles, trends, and signals appearing on the screen in amazing rapidity are an enormous challenge to one's emotional state. This of course is the whole premise of trading psychology, Innerworth.com being a wonderful starting point resource for those interested in learning more.
If it isn't apparent, my own deeper purpose in my everyday life is to discover and refine my inner workings. The "rapid fire" decision making of intraday trading, and reaping the fruits or suffering the locusts that ensue, can stir some heavy duty primal muck, rich loam for growth if one actually uses it properly. And therein lies the challenge.
My best wishes to all my friends in this wonderfully renewing time of year.
|
moon phases |
At last, over the rim
of the waiting earth
the moon lifted with
slow majesty
till it swung clear of the horizon and rode off,
free of moorings
- Kenneth Grahame,
The Wind in the Willows
blather: nonsensical talk.
At times my analysis log, at times sharing what I've learned. Always my own work and views.
Content: amg
Basis: glish & bluerobot
Powered by blogger
Web Host: lunarpages
