Initiative activity : Control by the buyer or seller in the first few minutes of the trading day is called initiative activity.As the name suggests, the action determines conviction on the part of the players to move the market.The strength of the initiative activity is useful to determine which party will have a role to play in the day
Responsive activity : This is a response to Initiative activity, the strength of which can determine changes to the trend of the timeframe.
I suggest that you get yourselves a free twitter account and subscribe to ‘join the conversation’ in the twitter widget on the right side of the blog.I use tweetdeck, and I suggest you do the same to get tweets in real time. The process is documented here: http://www.tweetdeck.com/.
b) Yesterday during market hours, we had a blogmate who wanted some help in setting up his platform. Except for Mok, nobody else stepped forward to help him out.I would be happier if all of us come together and help out to solve our difficulties. As a community we can become each other’s eyes and ears. How much more we can receive only if we learn to give!
c) Often I receive requests for buy/ sells. Please identify which of the timeframes you belong to.A 30 point trade is great news for a scalper and even a day trader, but peanuts for an intermediate term player.The first step to trading success is identifying your trading timeframe.