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treadstone
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Everything posted by treadstone
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gassah, would you please post the equivelant chart for the Nasdaq? Thank you in advance.
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Top work as always, Db. Your continued efforts are appreciated.
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Very good series of posts there, Db. Thank you.
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Yes, save for a short lunch time break I'm trading the NQ full time, every day.
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Thanks for this explanation of scaling out multiple contracts, Db. Excellent advice. I'm sure an annotated chart with these ideas applied would be appreciated by many. Personally I'm a more visual kind of guy, and always find your annotated examples to be very good learning material.
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Thanks for uploading those two charts, gassah. Very interesting and useful information.
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I thought I'd upload this volume by price chart of the NQ. I've seen Db comment on the extremes of these bell curve volume distributions being potentially good areas to trade from. I'm not an expert by any means however, so I'll leave further commentary to Db or gassah.
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I notice there was over 3000 contracts traded up at 1854 with no upwards progress, Db. (1min bar) Would you call that a buying climax?
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Wouldn't it be great to bring Wyckoff back, he'd probably tune in within around 10 minutes and start making money out of the e mini's.
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Thanks for starting this thread, Db. Really looking forwards to seeing it develop.
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If You Could Only Recommend 1 Trading Book?
treadstone replied to Nvesta81's topic in Beginners Forum
One book isn't enough, though I would encourage you to read the following; Reminiscences of a Stock Operator - Edwin Lefevre Studies in Tape Reading - Richard Wyckoff Enhancing Trader Performance - Breet Steenbarger Trading in the Zone - Mark Douglas You should be aware however that if all you do is read books about trading rather than actually trade, you'll become little more than a knowledgeable amateur. I refer you to an entry in DbPhoenix's blog regards the practice of becoming a trader; http://www.traderslaboratory.com/forums/blog.php?b=36 -
I Need the Time and Sales Software???
treadstone replied to strtedat22's topic in Technical Analysis
NinjaTrader, Ensign, Sierra, QuoteTracker,CQG, etc... they all have T&S functions. I'd personally go for Ninja or QuoteTracker as they're free. -
Db, I can assure you there are many more people here who find value in your posts and charts, than those who don't. Please continue, you are most certainly not wasting your time.
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You pretty much summed it up already. Fantastic data, flawless and reliable. Put it side by side with esignal or DTN IQ or IB or Transact etc and you will see the difference on an intraday basis. At $600 a month however, it's not aimed at the average (read unprofitable) retail trader.
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Felt this weekly SPX chart was worthy of discussion. Looks like it found some support on heavy volume around 1400. But will it last?
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Thanks for the fast replies chaps. I too am surprised there isn't a summary tab built into InfinityAT to achieve what I'm asking for. The only other option as Sparrow suggested is to write a 3rd party piece of software which I can import the .csv data into and calculate a summary from, similar to ninjatrader. But that's quite alot of hassle for something so simple. I could switch to NT but I really like InfinityAT. I highly doubt Infinity will make any changes to the software if just one client wants the performance summary, but if there's any other Infinity customers here who would like this functionality, maybe we could form some kind of petition. Strength in numbers and all that. treadstone
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Thanks for your concern beginner, but I've already been trading a real account with Infinity for months. My experience with them has been very positive. Anyone got a suggestion or solution to the original post? Thank you again
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Hi guys, Every day I save my trades from the InfinityAT platform to the hard drive in .csv format. This means I can open them in a spreadsheet program (excel, openoffice). This is a nice feature and all, but the problem is I trade far too many round turns to make any sense of all the data. What I want to know is whether anyone knows how to turn this raw data into some kind of summary, ala ninjatrader's performance analysis tab; I don't need anything remotely that complicated in terms of performance analysis, but a summary of the number of trades, percentage profitable, etc would be obviously very useful. I'm surprised Infinity don't offer this kind of script built into the software. Has anyone else found a solution to my question? P.S. The reason I've posted this here is the forum subsection is sponsored by Infinity AT. Thanks in advance
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That's correct. All you need is the margin requirement for at least 1 contract.
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Thanks for the fast replies chaps. From my basic understandings of 'Master the Markets' I see the following; 1) Professional support at August lows as buying steps in. 2) The October highs occurred on light volume (which mcichocki marked on the chart) suggesting a lack of professional buying interest. 3) Test of supply on the November lows, quite high activity suggests another test may be likely (as you point out, erierambler). In the book, Tom suggests that accumulation occurs under a bad news climate, such as we've had with the relentless credit crisis coverage. We're clearly in a trading range, and due to the obersvations above I'm leaning more towards accumulation than distribution. If any VSA pro's can spot obvious mistakes on my behalf I'll happily stand corrected.
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Thanks mcichoki, Taking the basics from Tom's 'Master the Markets' I can see professional support stepping in to buy during the middle of August. Pro's didn't seem particularly interested in higher prices during the mid October highs by the falling volume (which you pointed out in your annotated chart) as we went to new highs. Prices promptly came down and I'm wondering if the lows towards the end of November can be considered a test of supply as we came pretty close to the August lows again, but didn't find much selling. What seems clear to me is that we are in a period of consolidation, and as I've stated before I'm looking for clues as to whether this is accumulation or distribution. Something else I noted was that distribution tends to occur during good news and accumulation during bad news. From that point of view I suppose we can treat all the constant credit crisis articles as bad news. I welcome anyone more experienced than myself with VSA to correct the obvious mistakes I may have made.
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Great thread here chaps with a lot of fine information regards VSA. Would anyone be interested in discussing their VSA analysis of the daily DJI? I'd be particularly interested in whether people think we are seeing accumulation or distribution over the last 6 months.