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Strategies & Market Trends : ajtj's Post-Lobotomy Market Charts and Thoughts -- Ignore unavailable to you. Want to Upgrade?

To: Qone0 who wrote (83446)	1/11/2024 11:41:47 AM
From: Sun Tzu	Respond to of 97642

Yes, I am looking back. This is why I showed you the 2hr chart levels and pointed out how extending previous lines gives you support/resistance levels. But no, I don't look at previous sessions. I do regression analysis of significant VWAPs. This way, most of the noise cancels each other out and only the key ones remain to form the line. But this is because I swing trade rather than day trade. If I reduce my timeframe to under 5 minutes, then it boils down to what you are talking about. Yours is a special case of mine.

To: Qone0 who wrote (83446)	1/11/2024 11:45:37 AM
From: Sun Tzu	1 Recommendation Recommended By Qone0 Respond to of 97642

Put another way, I am not looking at price. I look at how much money is changing hands at each level. Also, what works very well, and I used to do it, is to see where multiple inflection points coincide across multiple timeframes. Those are really powerful. The problem is that I didn't find a way to program it. I have to do it by hand and that is very time consuming. So I gave up on it. ...it is on my programming todo list, if I ever get to it. There are higher priorities.