And people think that futures trading is high-octane glamour, or something. When it's really just finding some mundane patterns to exploit as high odds scenarios -- over and over.
For me, the most difficult aspect of market analysis is attaining an innate fluency with time. So many times over the years on this blog, I just shank the time analysis -- simply not incorporating it. Price is so obvious, volume too. But just as important is time, and that just takes time (no pun intended) to fully synthesize it all. Time, Price, Volume. That's the simple (or not so simple) equation.
Today: Morning balance gave way for a sissy look down to S1. An extended base near lows, (and around S1) gave way to a responsive push higher at the 11:00 time zone.
And again, the TICK gave the all clear signal for no continuation move lower due to it's moving average hanging out above zero for about two hours. (Serious high-odds stuff.)
And again, momentum diverging around a floor trader pivot reference indicated a reversal. My studies for 2013 indicate that divergences and reversal patterns on a floor trader pivot zones were some of the cleanest and most reliable trades of the year. Programs just love them! (Serious high-odds stuff.)
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