Smash, you do such a wonderful job with these ES plans. Can we PayPal you a a "holiday gratuity" or donate to your favorite charity to express our gratitude?
Thank you Cotton Dog! I truly appreciate the thought! I get a lot of requests to open some kind of donation page for people who really want to show support for this project and I'm working on a solution. In return, contributors will receive added value.
Hi Smash - huge fan of your work, thank you! I don’t understand what excess is or how to identify it. Are there any resources that you’d recommend to better understand this concept?
Hi Smash, totally makes sense - thank you! Does the same rule 'if we hit the extreme weekly high/low early in the week be cautious on going the same way with the trend' apply to the extreme monthly highs/lows? in other words, be careful shorting now that we hit 3815. again, my apologies on all of the questions but think this type of context is so imp for me to truly understand. ty again.
Yes exactly, it's the same concept. Sellers would need to start establishing acceptance below 3815 or it's not a good location to start being super bearish for the rest of the month. Let's see how it plays out.
Hi Smash, I have a 'stupid' question...how can we have a Monthly Extreme Low of 3815 but the weekly extreme low is 3745? I actually removed the Monthly one off my chart yesterday b/c I thought I made a mistake but just trying to understand the how the monthly can be above the weekly. ty
The monthly extreme is added on my chart after the 11/30 session, while this weeks extreme low is added after 16/12 (Friday) session.
Assume we take out the weekly extreme low 3745 tomorrow. Then the daily extreme low for next day will be lower than the weekly etc. Trading below 3815, we are extended on a monthly time frame, but not necessarily extended on a weekly basis (this week) if that makes sense.
Smash, you do such a wonderful job with these ES plans. Can we PayPal you a a "holiday gratuity" or donate to your favorite charity to express our gratitude?
Thank you Cotton Dog! I truly appreciate the thought! I get a lot of requests to open some kind of donation page for people who really want to show support for this project and I'm working on a solution. In return, contributors will receive added value.
Again, truly appreciate the thought!
I was one of those who asked that we be given the opportunity to donate. Looking forward to having that option to support your great work!
Dear Smash, for your delta bars, they are at different time intervals. May I ask what is the constant there?
Range Per Bar - Standard (in ticks): 20
Consistently excellent and thoughtful analysis. Merry Christmas
Hi Smash - huge fan of your work, thank you! I don’t understand what excess is or how to identify it. Are there any resources that you’d recommend to better understand this concept?
Thank you, appreciate it!
I recommend reading the books "Markets in Profile" and "Mind Over Markets" by Jim Dalton.
Awesome. Those are on my list to read. I’ll bump them up on the list. I appreciate the recommendation.
Hi Smash, totally makes sense - thank you! Does the same rule 'if we hit the extreme weekly high/low early in the week be cautious on going the same way with the trend' apply to the extreme monthly highs/lows? in other words, be careful shorting now that we hit 3815. again, my apologies on all of the questions but think this type of context is so imp for me to truly understand. ty again.
Yes exactly, it's the same concept. Sellers would need to start establishing acceptance below 3815 or it's not a good location to start being super bearish for the rest of the month. Let's see how it plays out.
Hi Smash, I have a 'stupid' question...how can we have a Monthly Extreme Low of 3815 but the weekly extreme low is 3745? I actually removed the Monthly one off my chart yesterday b/c I thought I made a mistake but just trying to understand the how the monthly can be above the weekly. ty
Hey Mitesh,
The monthly extreme is added on my chart after the 11/30 session, while this weeks extreme low is added after 16/12 (Friday) session.
Assume we take out the weekly extreme low 3745 tomorrow. Then the daily extreme low for next day will be lower than the weekly etc. Trading below 3815, we are extended on a monthly time frame, but not necessarily extended on a weekly basis (this week) if that makes sense.