The article below written by Mike is one of the most creative treatments of room statistics I have seen and is a very unique way of seeing the market on two points. One is the Bias of any given period with reference to another to determine support, resistance and trend bias. The second is a way of understanding a measure of congestion that tells you how normal the day is. From this you can also determine things like how reliable your statistics might be and what the trend might be at points later in the day.
Why are these articles for Members only? Because any one of these articles is easily worth the cost of being a member. Further, in order to gain full benefit, you will want to learn the techniques of the room so you are able to understand the advanced topics. We lecture most days for 1-2 hours on these concepts. If you attend you will learn these principals if you give it the effort it deserves. To evaluate the room fully should really be a several month commitment but you can experience success in much less time than that with some basic effort. Continue reading