EDIT: Oh I guess not. Hmm, well I just used advanced search to find all new threads started by sharky in Elite, couldn't find anything you would be talking about.
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Mike I was only addressing the statement at the end of 22 or 23 pages of sharky's classroom...that anything on his classroom strategies would be continued in the Elite section......so I guess as of now there is no further posts....I also did a search as Cory suggested and did not find anything.
Thank you for your insights on the Zn strategy, I have one simple yes/no question for you.
Lets say for example, you're about to open a long position in ZN assuming all your indicators/gut tells you it's good, however in the level II slots right above the current ask you see a lot of sell orders relative to the amount of buy orders just below(I.E. it looks like this)
well thats not a yes no question lol so i cant answer only yes no,if your scalping just to scalp that could be a pullback or a change of direction,if your trend scalping that is probally a pullback buyers buy and sellers sell its a constant battle,it has to do with the orders that are availble and where we are in that order flow,once the sellers push it down to a certain point the buyers step in and stop it or push it back thats also called s/r from one view or a market pause,consolidation or chop,thats the best way i know to put it in laymans terms...sharky
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Ok, just to clarify, you're saying that if you were scalping long for 3 ticks and you saw all those orders sitting right above your entry (even if all other indicators said buy) you would consider that a no go because of it being right below strong resistance?
As for order flow, do you know if it is possible to see genuine order flow? like for example: to see just what point in line your order is currently sitting at? Say the level II said:
no in the old days if you where in the pit you could look over at the order desk and see a stack or orders and watch them so when they got down to a certain level you knew it was your time to get in,but as for now i think you would have to ask gomie or timmyb im not interested in that as it takes to much of my time to study.some people trade like that and some dont...sharky
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