AgeKay

I know my comment might or not be appreciated but I had to get it out (since I have to read all of new posts): The concept of the Volume Splitter is very powerful but all of you are using it wrong since you don't understand what it's really good at. It's not about divergences, other stupid indicators, longer term charts or any kind of bar or candle stick chart for that matter. Read Wykoff's book about tape reading and you might understand what it could be useful for. I therefore think the last 30 or so post added little to no value to this thread - too little understanding of the matter and too many assumptions being made which is not uncommon in what people call "technical analysis" nowadays. Btw, the only book published by Wykoff that had any kind of value was the tape reading book, so I don't understand the fuss about being based on Wykoff or not. Who gives a shit if he used it? He obviously sold out later on in his career writing books about indicators like all the wanna-be-trader authors do nowadays. To ensure you really don't like me, I think VSA belongs to the "bushwa" category as most of the other bullshit out there. Technical analsyis is like religion: people tend to turn their brain off (I guess I have insulted 99% of people here now, but I don't care).

ATR is the exact opposite of trading support/resistance. They also makes no sense generally if you realize that the bars range is arbitrary since it's based on a parameter (i.e. the periodicy).

This is true, but unfortunately you have not answered my question with regards when you intend to publish it and if I can preorder it? I am probably one of the few who could translate your information into something practical for myself since I develop my own software...while others will probably read your book and wish their favorite trading platform vendors would implement your information in the future which is obviously unlikely.

Pad, when do you plan to publish this book and is it possible to preorder it? I'd even offer you to proof-read it ;-).

I agree, I had the same criticism when I read his book.

So you're basically call those guys commercials traders that are responsible for these local points of price infliction or what you call Trade Points. Or one could say you call those commercial traders that cause local highs or lows?

I might take you up on this. I have come up with a few things you will not have seen anywhere.

Don't trust anyone in this industry and don't listen to other people (including me). 99% have an agenda or no idea what they are talking about (they basically just repeat what they have heard from another clueless person). The remaining 1% does not talk to you. Sounds like any kind of EOD trading to me. What you are referring to are probably strategies where you are selling optinos for theta - basically waiting for them to expire without becoming ITM. and you lose all of your profit and more in the other 2-3 months. also sounds like option selling to me. again by selling options. don't believe those claims that 90% of options expire worthless and that you have an automatic advantage selling options. i know everything about options and see no reason why one would want to trade them for speculation. bid/ask spread is huge, predicting the future value of an options is unreliable because you have to predict 5 parameters (the greeks) correctly (ok, only 3 have a big influence on the price, but still 2 too many). I find predicting one (price) already hard enough. Btw, some one before said something about buying and selling the same strike to establish an equivalent position. You can do this buying a call and selling a put at the same strike for a synthetic long position of the underyling. Or the reverse, buy a put and sell a call at the same strike for synthetic short position. Another thing many people don't realize. A covered call is just a synthetic short (naked) put so it's not as safe as many people out there assume it to be. They have the exact same risk/reward profiles.

You mention commercial traders/speculators a lot, but what exactly is a commercial trader?

Great history lesson. Keep it coming, both your trading methodoligy and these stories.

As Richard explained, this bug is due to multi-threading. You need to take care of that yourself by synchronizing the access to the data.

Right, but this would not work for historical data. Btw, you would not access access the Ticks property to get milliseconds, use DateTime.Now.Millisecond instead. DateTime.Now is of type DateTime which contains all information.

Ninja Trader 6 returns time stamps leave out the milliseconds. It's current implementation is accurate down to seconds even though they return it as a DateTime object which supports milliseconds, so it would be possible for them to add milliseconds in a future version without breaking anything.

Agree with MidKnight. You would have definitely gotten filled if you traded live. The reason you did not get filled on the Ninja Trader Sim is because their simulator is total crap. Their magic fill algorithm makes no sense (among other things). It seems the developers of Ninja Trader do not understand how the exchanges match orders, which is actually pretty simple.

Right on. I am suprised that it took so long for some one to notice it. I have something like this on my charts.

What does MOPM stand for? Definitely gonna try that. Heard all the pros are doing it like this.

Remember, that there is a huge amount of automated trades in the U.S. equity markets which probably explains the small trades being on the wrong side - because they have the opposite position in the equities. See the attached order size analysis by CME Group which shows that 2/3 of all contracts traded are of order size 1-5 ("small"). The "big" trades (>50) are only 5%. So there is surely more to it than "big" vs. "small" traders where big traders always win and small traders always lose. Most indicators are sold with a story (which is usually extremely simplified, based on anecdotal evidence or not even true) to explain the indicator and make you feel good about the indicator bought. P.S.: I did not find the attached file myself, I got it from another related thread where someone posted it, but the source is CME Group. E-Mini S&P Order Analysis by CME Group.pdf

I really like your response. Could you please elaborate on no 4? Do you even ignore volume that is split up in trades at ask and trades at bid?

Pretty sick entries. Congrats!

You might want to try a black (or almost black) blackground for higher contrast. I think it would be easier to see all those lines.

Paul Rotter did 250k round turns on his best days and that was at a time where he had positions that could be 10k contracts. I can't imagine anyone doing that today. He'd be like 25% of the market on high volume days or 50% on average days.

I guess this trader was not trading the FDAX since there isn't even that much volume traded there. Do you know which markets s/he was trading?

I love this kind of information. Please post more if someone has more information like this.

It is possible, but it's not possible looking at a 1-min bar chart with simple volume below it.

Agree. Price action is about seeing what happens at the S/R at the point in time price approaches it and then reacting to it not just blindly entering your limit order and waiting for stuff to happen, which I have the impression you seem to do, Jon.