Wednesday 27 August 2014

Sell Til Your Hands Bleed

On the Floor,we traded using hand signals. Of course, from that, a whole lot of sayings evolved. One of those when you were really selling a lot of size people talked about "selling til your hands bleed."

Today's pic shows my bar chart in it's latest incarnation. I keep finding some subtle new things in MarketDelta which makes the order flow clearer. The spreadsheet at the bottom is one such things. Coincidentally, a reader asked about this yesterday in a Comment and I'd added it a few days before.

The pic shows the topping of the market with the order flow and the FavFib. The Market Profile chart did not help as we had made a new high but I didn't need it as the chart was so clear.


5 comments:

  1. El, what is the tpo in the metric bar counting?

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  2. "as the chart was so clear."

    looking forward to your book, because I find this chart quite hard to decipher!

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    Replies
    1. Yes, static pictures are hard to follow. The book is full of videos with the markets moving. I'm recording videos while I trade and then I'm doing a voice over to explain.

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