UrmaBlume

Steve, Thanks for the offer. I don't feel cheated at all, caveat emptor, and yours is not the only book on my shelves that probably will not be referenced again. I operate on the principle that no matter the strata, when you are mining - you have to sift though a lot of "country rock" before you have any chance of finding "color." If you do a bit of checking here and can avoid the river denial you will find most of these threads contain discussions that transcend your "professional" approach. This is not a community of professional traders, it is mostly retail with a sprinkling of pros. If you are not afraid of the truth, I would suggest that you find a half dozen posters here with a large number of posts and that have been thanked a lot and offer to send them a copy of Vol I in exchange for an honest review. If you get good reviews on most of them you will probably increase your sales, if not - then not. UrmaBlume

What a load. My posts from the other thread on this POS: Ignoring all the warning signs - I bought this book. I should have bought a mediocre bottle of tequila instead. My opinion: There are so many credible commercial publishers out there that when you see a book published by a "vanity" publisher, to me it means that the content was so poor that no real publisher would touch it without the author paying to have it published. Amazon will stock almost anything, even books published by a vanity publisher, but they don't stock this POS - another warning. It is listed but not stocked. To use both the word "Professional" and Einsteins's theory of relativity in the title is a leap of epic proportion for an approach to trading that is, as far as I could see, mostly about simple moving averages of price. As to the execution of the book itself - I found the writing, laoyut, font, charts and organization to be very unprofessional at best. In all fairness I must say I did not read the whole thing but after about 70 pages of trite, overly wordy ramblings of absolutely nothing original about using simple moving averages from different time frames, I decided enough of this buschwa and put it down. I know of no forum here on TL that doesn't offer more value for free and I regret the money and time I wasted on this vanity published POS. And now I see there is a Volume II? Wow that is some really hard shovelling. Again - all of the above is not represented as fact but is offered as just one person's opinion. After reading the first 70 pages I scanned the rest and found everything I saw to be amateurish at best - not worth the time to wade through any more wordy, lightweight buschwa. The only indicators I saw mentioned were the canned buy/sell ratio indicator, simple moving averages and a paint bar that referenced moving averages. The Cx setups I found to be nothing more than a very crude way to use those indicators. As to context and best use of signals I can only LMAO. My opinion is that this work is a waste of time for anybody including rank beginners and that their time would be much better spent either on books by other authors or by reading TL. This book, in my opinion, does not represent professional level anything - including trading, content, writing, printing, layout or graphics. I find it no wonder that you had to pay to get it published.

After reading the first 70 pages I scanned the rest and found everything I saw to be amateurish at best - not worth the time to wade through any more wordy, lightweight buschwa. The only indicators I saw mentioned were the canned buy/sell ratio indicator, simple moving averages and a paint bar that referenced moving averages. The Cx setups I found to be nothing more than a very crude way to use those indicators. As to context and best use of signals I can only LMAO. My opinion is that this work is a waste of time for anybody including rank beginners and that their time would be much better spent either on books by other authors or by reading TL. This book, in my opinion, does not represent professional level anything - including trading, content, writing, printing, layout or graphics. I find it no wonder that you had to pay to get it published.

Ignoring all the warning signs - I bought this book. I should have bought a mediocre bottle of tequila instead. My opinion: There are so many credible commercial publishers out there that when you see a book published by a "vanity" publisher, to me it means that the content was so poor that no real publisher would touch it without the author paying to have it published. Amazon will stock almost anything, even books published by a vanity publisher, but they don't stock this POS - another warning. It is listed but not stocked. To use both the word "Professional" and Einsteins's theory of relativity in the title is a leap of epic proportion for an approach to trading that is, as far as I could see, mostly about simple moving averages of price. As to the execution of the book itself - I found the writing, laoyut, font, charts and organization to be very unprofessional at best. In all fairness I must say I did not read the whole thing but after about 70 pages of trite, overly wordy ramblings of absolutely nothing original about using simple moving averages from different time frames, I decided enough of this buschwa and put it down. I know of no forum here on TL that doesn't offer more value for free and I regret the money and time I wasted on this vanity published POS. And now I see there is a Volume II? Wow that is some really hard shovelling. Again - all of the above is not represented as fact but is offered as just one person's opinion.

You can't get much more off the path than Mamacitas and FireFly is in a strip center. So, if you don't like my picks, please, tell us about some "off the beaten path" vegas joints you favor, I showed you mine....... UB

Could not agree more. For a couple of Vegas tips For great tapas (the best: crispy duck roll, sutffed dates, lamb skewers), good sangria, good drinking and a bit of action sometimes >> FireFly on Paradise North of Flamingo in the same little strip as a "Ruths Chris" - they have a site w/menu - the stuffed dates are dates stuffed with a walnut, blue cheese, wrapped in bacon and w/a great sauce and crispy crusted french bread For great TexMex/Cuban, no bar - just food/dump-downtown - I have been eating her food in various versions of this joint for 3 decades - good - Mamacita's on Fremont downtown. cheers UB

This afternoon I went to Caesars Palace on the Strip to attend the Trader's Expo. What a bust. I saw absolutely nothing that is not already either discussed or advertised here. The whole thing reeked of tired - Exhibitors tired of ptiching, attendees tired of getting screwed and absolutely nothing new. If you are planning a trip here for this show, IMHO, either cancel or come but don't bother with the expo.

James, Holding final judgement until after I have read the work - I must agree with you and add that it reeks of "retail" and very inexperienced "retail" at that. Not to mention that the analysis offered is from several days ago. Why not post his analysis for Friday now? The fact that he had to pay to get it published speaks volumes. UB

EMC, I have already ordered the book. I was hoping you would give us some idea of the basis of your trading methods - fib, pivots, profile, mean reversion, trend, S&R, volume, balance of trade, etc? As a published author myself, I know how important the launch is - when I have read it, I will post a review both here and on Amazon. One note aside is that since you had to use a vanity publisher (you had to pay to be published) it doesn't bode well for the value of the content. A real publisher has a stake (advance, printing, promotion etc) in your book and will do a lot more than if you foot the bill or most of it. While it took a bit of time, effort and negotiation to find a good publisher without the use of an agent for my works - in the end it was well worth it. Good Luck with your book. I know you have a lot of time and heart invested in the work. cheers UrmaBlume

All of that text is just copied from the back cover. There are no reviews from the public on Amazon. Are you the author? If so, or if you have read the book - why not give us enough of the content/method to tease us into buying the book? UB

You mentioned in another post that you are a professional poker player. If you are a successful professional poker player you will already know how to calculate pot odds, implied odds, +/- EV (expectation) and basic odds and probabilities. If you can do that then it is probably all of the math ability you will need for day trading. UB

Almost exactly the same as they are in poker - especially if most of your play is online. Cheers UB

The calculations are our own work. The numbers represent time of day normalized values expressed in percentages of normal. This makes it easy to compare such inputs as price volatility and commercial cash participation. between instruments. A stock whose price volatility is 70% of what is normal for an hour's trade at that particluar time of day is in strong contrast to onw that is showing twice (200%) of normal volatility at that time of day and thus an indication of that is where the action is. For these screens we use percentages of normal price volatility, volatility of net new commercial trade, commercial cash commitment and the balance/imbalance of trade. Some of these same indications are also displayed on our Market Heads-Up Display - HUD as shown below. cheers UB

Rather that trade the same instruments or pairs day in and day out we use the new more powerful RadarScreen in TS 9.0 to scan for time of day normalized local price volatility in Fx pairs as shown below and commercial money commitment as well as local price volatility in futures as also shown below. "Trade What's Hot and Don't Trade What's Not." The numbers shown are time of day normalized percentages of normal activity for that indicator and that instrument which make it easy to spot out of sequence price volatility or commercial cash flow. Today Gold, Corn and the Euro have been at the top of the list and there has been out of sequence action in all 3. Scan and ranking by local price volatility for Fx pairs Scan and ranking by local price volatility and commercial money commitment for some popular futures The red text is of no significance other than it is the 10 futures contracts that we trade UrmaBlume

Ranger, Thank you for the kind words. While we do indeed do a lot of work with strategies, automated systems and intelligent agents and I am happy to help with some of the basics of these protocols and technologies - certain commitments keep me from posting code. From what I can read here I would suggest that much more attention be paid to input selection and input preprocessing. Also neural networks by themselves, for us, don't make a complete strategy - you need to test NN output against regression splines such as MARS and then when you have evaluated which is best the outputs need to be optimized via genetic survival of the fittest routines and then actual buy/sell signals developed using decision trees, bayesian networks and or rules generators. The tease of NN's is that all you have to do is throw some data at them and they will learn enough to provide answers - far from true and the training and operation of a NN is, in our experience, less than 5% of what it takes to build a functioning, profitable, automated, intelligent trading strategy. cheers UB

In this thread we mentioned the importance of inputs to the quality of the output of neural networks and other intelligent agents. Our experience is that inputs based on Haar, Fourier or other wave/cycle transforms are less than optimal as such inputs are at their worst when the trend is the strongest. For those that would like an unlocked Haar eld, it is attached. cheers UB 20037465928_GHW.ELD

I have used Bruce. He is quite personable and was completely competent for the task I game him and his rate, if I remember correctly, was $150 per hour.

Simply sign up for free trial of TS and do it yourself.

We also believe scans are very important. Almost any trend following approach makes a lot of money if you can keep it in a trending market/time frame. Below are 3 scans from the Trade Station Radar Screen which is free as is the platfrom with minimal trading. The markets are scanned for the presence/participation of commercial activity and smart money action as well as price volatility. First are the top 25 stocks in the S&P 100 according to smart money taken at the close on Friday. Next are the top commodities and last are popular forex pairs scanned and ranked according to intsturment and time of day normalized indications. Stocks Futures Forex Pairs Cheers UB

In addition the new TS 9.0 has data provider objects and links so that it is very easy to put any data from any stream directly into excel w/o having to write dlls

Chris, Price/Cumulative Delta divergences can indeed be great setups for momentum trades. One way to find where these trades are most likely to occurr is by scanning different instruments for the out-of-sequence presence of commercial/smart money and the presence of out-of-sequence local price volatilities. This table shows a scan of the most active US futures for unusual activity from smart money/commercial actors plus for greater than normal local price volatilities. The setups you describe are much more likely to be where there is more commercial activity and they result in increased price volatility. The scan below was taken 1015 9/27 PST: It's always better to be trading what's hot and not trading what's not. Cheers UB

One inportant consideration is which paris to trade. While we take volume and balance of trade information from the futures we do a radar screen scan on local price volatilities that shows us out of sequence price action. If you have a method that transfers between instruments then it is always better to trade what's hot and not trade what's not. The scan below shows 60 and 21 minute volatilities for the various pairs and is updated every minute. This scan was taken at 1352 PST Friday. cheers UB

86834, Well said and well done. So basic and so few get it. While it is, to some, counter intuitive - oftentimes price does indeed trade towards size and it has been since forever that size and skilled operators have known how to "sell a few to facilitate buying a lot." cheers UB

While we do use certain dlls to access the Windows kernel and other base systems, our standard box is a quad core intel chip w/8 gigs of ram running 64bit Windows 7 and driving 8 - 12 monitors. Below is a shot of my desk: cheers UB

It is true that TS has acquired the Grail and it was discussed at a recent conference of TS developers that are beta testing TS 9.0. The Grail will NOT be included in the first public release of 9.0 but will follow shortly after as, we hope, will come the increased granularity of the TS time stamping. The public release of TS 9.0 is promised for 4th quarter this year. For far too long TS has aimed at the lowest technical common denominator, 9.0 will change all that. The promise of the new smart order objects and data provider/objects is great indeed. UB