More Questions and Answers

Marsh, I've been looking in the manual for the description of blip. I've seen what it looks like when you point it out. Would you explain when you have some time please.

A Blip is a reversal candlestick pattern...3 candles make up the pattern and is best used at a reversal time zone. To use the set-up take a look at the chart formation at 2 p.m. today; unfortunately the 4 candle should have been white...but even then it did reverse.

I think your explanations as the mkt moves are very informative and educational. I know it's repetitious for you, but it is helpful for us as students. The tick and trin sometimes disappear. I was curious about that.

Quote.com is working on that problem...the numbers are still for the TICK and the TRIN though.

I missed your explanation about the blue, brown and white areas changing. I think it's the bid and ask. You explained ask is long bid is short bid to exit to long position ask to exit to short position..

That is correct...The different colors are explained right under the chart on quote.com. It's in the Time and Sales window. If you see a bright green in the window it's a new high...for the a new low it's bright red. The other colors brown for low, blue for high, white is last, and black was a void. They use the terms best bid best ask.

What, if I may, is the significance of the bid and ask relative to getting in and out of trades?

Watch it sometime and you will see why I say if you want to go long use the Ask...this will keep slippage down to 1/4 point or none.

What is the deciding factor when getting in a trade on a 30 min time frame?

Are you asking about the 30-Min. BO? If so the answer is muscle I call them Magic Numbers.