Predictor

1. In your videos, sometimes you say "I" and other times "we." Is it just you, or a team of developers/traders, who developed this software? I am guessing it is just you but the we sounds like you are a big firm. We sounds like a big firm? Why? Many people refer to their company as "we" instead of I. We are not a big company. Do you really think I'm a great enough programmer, yes I'm good, but to do all this myself? Much of it is my handiwork, and I'm proud of it. But, I've a partner. Many "big name" products were developed by only 1 or 2 solid programmers. 2. You mention that your software likely has bugs as does all software. What protocols are you using to ensure the software bugs are minimized? This is critical with my money of the line. Look, I mentioned this in the CONTEXT of encouraging our users to check the algorithms and output of our software and other software out there. It has been my experience and one of the reasons I developed my own software was because I found that not only was there no product that did what I needed but that even rudimentary programs had basic flaws and errors in their output. Do you ask other companies this? Do you go to Microsoft and ask them what "protocols"? I have personally never went and asked a company this. I trade with the software live and with real money. I'm serious about the quality and have extensive software development experience. As with any software, there is a risk of problems. This is true for any trading software out there and no we won't be responsible if a trader loses money with our software -- regardless of the cause. That'd be stupid and if that were the litmus test there wouldn't be any trading software. Our software doesn't place orders. I recommend that all traders have a second machine not running anything but the order routing software in case of any bugs. 3. It seems like many of the topics you discuss are specific to your software ---- meaning it would be hard for me to try it without your software. If that be true, then this whole thread is just one big advert for your product. Is not that against the forum rules? Have you actually read most of my posts here? I think if the forum administrators didn't see the value then it wouldn't be here. No, they've actually encouraged me to share more because they see the value.

>>Actually, if you want to have this conversation, you can be specific about it. No need to >>say "some vendors". Wrong you are not the vendor I mentioned who's product I wouldn't use. Look, its a big world out there and most are only familiar with a small part of it. I don't use charting programs and found them not to work FOR ME (for intraday trading -- not swing trades). Many people are associated my program with various charting programs who's only similarity is the ability to plot volume inside a bar. However, I would not use any program without testing the algorithms extensively. I'm confident in our algorithms but not so sure about other free stuff/low cost stuff out there... if traders want to believe that stuff works then that's fine with me. >>Your posts on here are nothing but an advertisement for your software. That is the >>whole point, right? Let's not consider our audience naive. You would do well not to >>underestimate the readership. If that is true wouldn't you think that I'd mention my company name or my product name? I don't believe I mentioned it once in this thread. You have. Look, I have near perfect knowledge on this matter because I didn't want to develop my own program. It was a huge expensive and developed for my own trading. I know all the products in the space and am confident that we have a superior solution. If there was anything out there that did what I needed then I wouldn't have developed my own software. >>I will agree that you added features that Jigsaw doesn't have and certainly doesn't want >>or need. That is not our thing. There's lots of unique products out there and a handful Then please quit copying my ideas like dominant side highlighting. This isn't on the video on your front page and is a direct copy of my work. I'm sure you'd copy the rest but it is not a trivial thing to do. >>It's pretty easy to do and it will also erase any doubts people may have about your >>abilities. You could pull up a chart with your trade markers on it to show this isn't video >>attempt 5 of I have no idea what you are talking about. Why does my having an ability to offer superior software have anything to do with my trading ability? Yes, I've had top ranked audited futures systems. I don't think that's important either. >>It is an amazing medium. After all, if you are truly altruistic in your wanting to teach >>here, then you should understand that more people will pay attention to your lessons if >>they have confidence that you can walk the walk. I never claimed to want to teach my methods here. I claimed this was about bettering myself as a trader and helping me to stay focused on my best ideas throughout the day. In fact, I recently posted that I was glad that most people don't really tape read like me. Also, please don't spread misinformation about my product. I have an advanced time & sales display which can consolidate aggregate orders and do other things. It is not a copy of any existing products. And this is not really the appropriate thread to discuss the merits of various trading products...

josh.. just few notes >>The best traders are risk averse, and look for ways to reduce their risk. Who claims this? How do you know this? I would say the best traders are selectively risk seeing. Why would someone who wants to reduce their risk engage in a risky endeavor like trading any way? >>I was shocked that you treated this as some sort of vast improvement or innovation..? I don't know any tape reader who would prefer a traditional time/sales display over what I developed. As someone who has read time/sales for years, I'm confident that it is a vast improvement. I know many are looking for "cash machine" -- and are disappointed that it doesn't exist. But I've developed powerful tools for professional and aspiring traders. >>You may be able to take some good guesses, Most every trading method, I know of, involves a high degree of uncertainty.. I don't believe I ever claimed to know with absolute certainty this. I use many ways to read the market. Again your focus is myopic... I just started tracking inventory. I discard what doesn't and focus on what's working for me. Your appeal to efficient markets applies equally to every other other trading method. Josh, I don't know why you choose to insult me. What you mistake as arrogance is actually talent and passion. I'm not sure why you make a point about not all trades being market orders: that much is obvious and something I've made a point about. Has any recognized I make very good calls/analysis here and that is what attracts the most animosity? I guess you'd rather me complain about how difficult it is. You know I could say a similar point about you desiring to sound smart but sounding off key..

In most recent call, I was tracking closely the imbalances in the long/short traders. I track closely the imbalances in the long/short traders. I can see where traders are getting long or short from and whether or not they are unloading or accumulating at new highs or lows using my volume inventory tracker. In this way, I don't just have to rely on price. My focus is on my order flow monitoring columns which allow me to see where the dominant directional order flow drives originate from, various volume references, and the balances. There are patterns in the balances that help me to trade. Some traders have compared my software to another program, a program I'd never use. Also some have mistakenly assume because they are able to track the volume inside a bar that they are doing anything like I'm doing.. they probably aren't because I don't pay attention to that. I'm watching the numbers. I can say that even with total visibility the market is extremely efficient. Most traders can't see just how efficient it is -- they may feel it but with my software I can now see it. This is why I find it best to trade in my own way. Difficult to make money doing what everyone else does but often some slight modifications can make it work. Generally involves taking more risk. I call it "playing around the edges". Just one example of playing around the edges is that most day traders want to be flat at end of day even if holding overnight could be advantageous. While, it might make sense to try to be flat most days, being required to be flat is often a major disadvantage. .. Again I think there are some misconceptions about what tape reading is... and how I do it. That's good. There are many ways to trade.

Market looks set to test higher...

One of the recent ways I've started to read the tape is by tracking imbalances over time. In range markets sellers and buyers will tend to execute at the extents of the profile where the volume is lower. However, in trending markets we see different behavior. The most recent aggressive sellers are short from 32 and sellers are slightly outnumber buyers. If we start to build significant inventory and trade below this level then I can anticipate that a retest of recent lows is a higher probability. Recent buyers are aggressive off the 32.50.. holding above this level will be worth monitoring. --- We have a short imbalance but that doesn't mean we head lower. If the market can hold above that imbalance then those short traders will be forced to cover. Its a warning but in itself it doesn't tell us everything. The relationship between price and orderflow is where the value comes in

vertigo.. thanks.. I know that there are many here who do appreciate my efforts but its the trolls who always make the loudest racket. We just had large order book imbalance off 32.50. We had a drive push higher (buying) and then we seen that large buying prints occurred at consecutively lower highs. My interpretation is that the order flow responded to the order book imbalance at 32.50 and a large limit order seller "walked down" the book exhausting the market order traders. When too many traders want to do the same thing at the same time then it creates imbalances in the market structure such that those traders can't clear... another reason I don't share everything.

Several of the vendors here have came out in force. Some have attempted to try to associate their own software, which is obviously rudimentary, and compare it to my software (while they busily copy my innovations and "ask questions" in my tape reading thread to try to figure out how it works). It may come then as a surprise that I'm the only vendor who HASN'T attempted to advertise my software in this thread but instead focused on real-time analysis of the market relevant to day traders. The fact I was willing and able to do this clearly frustrated other vendors who were either unable or unwilling to provide real-time analysis. I'm glad the discussion is on tape reading but for me, it is something I do in real-time. It is also something for me that is at least partially proprietary and not shared at large. I do share general ideas for how my software works. I've had people complaining and trolling me since I started providing my real-time analysis here. Early on, people were claiming that it was to sell my tape reading materials. Later, the same trolls said that it was to sell my software. First, they said I copied a program from one company and then they said no my software was a copy from a completely different company. It should have been clear that vendors with trying to associate their products with my own. The more astute realized that our software is unique, innovative, and the most powerful platform. Again, I said we wouldn't have developed it had existing platforms been able to do what we wanted. What I'm getting at is that many appear myopically focused on whether or not that I'm selling something and not the value that I'm offering. The reality is that one of the reasons I started charging for my information was because when I provided it for free I received trolling, harassment, and so forth from the crowd -- but when I charged -- my customers, to say my tape reading materials, have been serious students of the market. No trolling, no harassment, and no fuss from people who obviously don't/can't trade. And, I even get payed for it or others run research for me or help develop our software. For me, charging a modest fee for my expert knowledge has been as much about acting as a gateway to create the type of environment and find the type of serious traders I want to associate with as much or even more then it has been about making a profit. So, if you wonder why some things in life cost money then now you know.

I was running our time/sales today in my live trading and liked having it up. I realized we could do better... check out our Matrix TIme & Sales Display...

Pedro, you may want to ask who copied who because I can see that others, for the first time, are copying some of my many innovations -- like dominant side highlighting -- which I never seen any program have until a vendor posted in the day trading thread today. They even copied the color. Even so, I still still encourage any trader to try the competition.. even though they're attempting to copy some of our innovations. They don't appear to be anywhere close. And, there are other more basic reasons I built my own software and one is that it is very difficult to get this stuff right. And, I'm sure we'll have some bugs when we release -- all software does but I encourage you to actually debug the output of my software and compare it to other programs which you think are similar. I suspect you'll find that the algorithms we built for doing this stuff are superior: hint: actually work.

(It should be) Difficult to sustain significant selling given the overall market context....anticipate a drive back to prior range. buyers are coming in at the lows

Anticipate retest of highs momentarily

Buyers need to hold above 39.50 to be convincing.. a 1-off stop run is not a problem but this is 2x now... a concern -- very strong buying order flow surge here.. this could start a trend

New buy program...triggered. There are 2 ways to look at current market.. 1 is that limit order sellers have move lower and exhausted demand. But buyers remain dominant force.. my hypothesis is that these are lq providers and will cover/reset/rebalance shortly These are clearly large volume traders who can temporarily exhaust market. That's often why we have a retest and drive higher

Feeling is that the LQ providers just rebalanced... they're shorting from 41.50ish with limit orders and rebuying near the 39.50... if they've just rebalanced then we could move higher

41.50 is attracting new buyers... market is responding to imbalance at 42.50. If 42.50 goes then a retest of 44 could be within easy reach. -- Anticipating buyers to take out OB imbalance momentarily

Sellers responding fairly strong to the 41.50 area.. an area for the cautious to take profits

My bias is currently long.. new buy programs have triggered. As long as we can stay above that 39.50ish area then there is potential to retest 44. --- Book is rather heavy.. it might be a case of too many on board now --- Either buy program or stops being at run at 41.50

Very high level of selling over the last 24 hours after tremendous momentum surge up. Majority of traders are short at 39.50.. if we start to trade below and build volume that then it would indicate to me a possibility for a run lower. Currently we are trading above this level. Another area I'm watching is the 44 because we had sell all through that region and not a lot of overall activity. I'm somewhat anticipating a range bound day with possibility to test a new low. ---

john...we can selectively compute the resting orders based on the inner most (best bid/best ask) or outer most (worst bid/worst ask) or just take a difference for all levels. I only pay attention to these numbers when they hit extremes and then I see the color highlights. So, it doesn't take any real effort. We call this LimitResistance or BidAskAtPrice or just orderbook imbalances.. I also look at high volume areas as possible LimitResistance but that form is not caused by imbalances visible in the book by a refilling limit/iceberg order. ..... Often a large imbalance in the book will be backed up by these hidden orders. I've started tracking inventory also... its possible with our software to now see where most traders are short and long from... it is possible to combine this to get new insights into the market... This inventory tracking provides a whole new level of ability to read OF

johnw, Contrary to increasing the information demands on the trader, nearly every aspect of our software produces higher quality information while reducing the data required for the trader to process. This has the effect of slowing down the market. For example, the consolidated tape scrolls about 10x slower then traditional tape, and if we process it to the same level as we do in the OrderFlow Monitor, which I'm thinking we will at some point in the future, then it would slow down by another factor of 2. Obviously, not every trader will have the tape up or need it and those that do will probably just use it to gauge overall market activity. There are some cases though when our consolidated tape would be very useful. If the market has a large bid/ask spread and a narrow tick then our software won't allow tracking such an instrument well because there will be a large number of blank rows. On such an instrument which we really aren't designed for, the consolidated tape could still prove valuable. It can also prove valuable because we don't clear cells in the OrderFlow Monitor, as such if a trader wonders if a certain volume came through then they can do so in the tape. I don't say this as marketing spiel. But, I believe that we've produced the most powerful and at the same time easiest-to-use tape reading software ever, and I'm sure that many experienced tape readers will agree. I think one of the reasons we've been able to do this is that we had a clear knowledge of what we were trying to accomplish. SynchronousVolume measures how 1 or 2 sided the order flow is. At market lows and highs, we will generally see a lower synchronicity because the order flow becomes 2 sided as market buy orders are shot in whereas we see price follow-through when we have 1 sided order flow. The reason for this is that the liquidity providers can't flip out the traders and pull out or reprice. I've shared most every algorithm fully here but am not sharing the specifics for this one, at least for now. The exact method to calculate order book imbalances is customizable. However, I've found that measuring differences in the inside levels to work well. Its a hunch on my part that the market will likely respond to inside levels while being attracted to outside levels. We just sum the levels the traders want to compute (take the resting buys-resting sells). We find that at extremes that high frequency traders respond to these imbalances and will shoot in market orders in front of them to capture a few ticks. I would never trade just on the imbalance but use them for order entry enhancement. It takes a strongly trending market to blast through order book imbalances. OB imbalances often are coincident with the market highs and lows, as well. We find high volume in these areas due to the limit order exhaustion, as well. Pedro, as I said I wanted the very best tape reading software and no existing software met my requirements. There are good programs out there. But, you won't find our best features in any other program and you won't find any other program offering such a complete package -- unless they copied us. We know the temptation will be high as larger companies realize we've "one upped them" -- and that's the only reason we've made an effort to TM our best displays like PressureVolume. Pedro, I certainly encourage anyone to try the other programs out there. We're not at all concerned because I personally know that our software is the best. If it weren't we wouldn't have developed it because it was very expensive to develop it and only developed out of necessity.

... New video showing our powerful time & sales inspector!

Serious sell programs going off now

Very nice sell imbalance... likely a retest of 33. HOD could be in now

Lot of selling up here... likely see a rotation lower now. Its actually buying but being exhausted by limit orders and profit taking. Not looking for much but a small rotation would be in order