UrmaBlume

The truth is that you called an entry at 99.30 and claim a profit of .60 - your own chart shows a high of 99.49. The math is not all that tough. What you don't get Einstein, is that context that is so nebulous - is no system - just more of your bullshit For me you have plainly demonstrated that you, your threads, your method and especially your calls are complete bullshit. This guy, his threads and his calls are like either baby shit or radioactive waste in that it is hard to get near either without getting some of it on you. For me, I am going to decontaminate and move on. UrmaBlume

BS - You called an entry at 99.30 with a .30 stop and a .30 target. The high of the day was 99.49. How do you get .60 out of that. Price was never near a .60 profit, did not even hit your target, let alone a .60 profit and for sure the trade hit your stop. Interesting management style: I find that you have demonstrated issues with composure, attitude, stability, the ability to write in the English language and understanding technology or systems development. Now we must add integrity to the list of issues. You called an entry and a profit from that entry that was impossible on that day. Don't you even pay attention to the lame BS you spread. You and your threads are just too precious, but for me, the continuing absurdity of what you write is becoming a bit of a bore. IMHO you are a liar and I can't imagine any real trading operation or fund that would let you through the door. I don't believe you do now or have ever traded size and have doubts that you really trade at all. My bet is that if you do it is in a penny ante fx account. UrmaBlume

Me too. One of my favorites is "long crude 99.30 stop 99.00." Of course it was just another loser. What I liked was he almost bought the top tick. Missed by only 00.19. This guy is dropping little turdlets all over this forum and I can suggest a way to clean it up. UB

Does this guy still not get that if a poll was posted he would be voted to be the biggest.......of us all. UB

In my experience LLCs are setup so that they pass profits to the members. Along with the profits, the tax liability for the profits is also passed along to the member. Some of my trading is in an LLC and some is as an individual and I see no difference in the rate of taxation. If the LLC retains the profits then the LLC pays the taxes. Either way, as a legal lay person, I don't believe that just forming an LLC offers any protection from taxes on trading profits. My understanding is that the "blended futures rate" of taxation is available to both LLCs and their members as well as to individual traders. If you can find a legal way to protect trading profits from taxation then you are well ahead of the game and the rest of us. cheers UrmaBlume

Switch to Volume charts, they offer a clearer picture of price action as well as money flow/balance of trade. UB

Back in the early days of Market Profile, when online futures volume was not available in real time, time at price was used to simulate volume at price. Later ticks were used to simulate volume. Now we have online volume for everything so why use tick charts at all? It all boils down to how much money is being bet on which side of the market as the prime indicator of price vector. A tick chart treats a thousand lot trade with equal weight as a one lot trade when the thousand lot trade is sure to have a bigger impact on price than the 1 lot trade. Time bars print the same number of bars regardless of volume, tick charts can be deceiving because a lot of small trades can look like a lot of volume even when there isn't. As a test put up a time chart of x minute bars. Then put up a tick chart and a volume chart, adjusted so that the charts covers the same time period as the time chart - in most cases the volume chart will be much smoother/tradeable. cheers UB

TW, While I applaud your patience, this poster is way beyond normal tolerance. IMHO thread gone is a good thing, poster gone is a better thing. Poster adds nothing, bad mouths everybody, disrespects the community and destroys any positive, contributive vibe. We are yet to see the slightest idea/concept/explanation of method that would justify his calling us all fools or such bluster and braggadocio. As they say in Texas, "all hat and no cattle," plus in this case we also get negative name calling, baseless brags and a hugely negative air. cheers UB

Here he plainly states that he is not talking about a method or system that can be either taught or precisely defined. If it can be defined, precisely, it can be programmed and thus automated. I asked this guy about automation and he said he would never consider it. This tells me first that it must only consider very few variables as no human can track more than a very few dynamic variables in real time. It also says there is no real, exact definition of his method because it can't be programmed. Plainly the guy doesn't understand the reach or depth of state of the art artificial intelligence these days. My personal opinion, as a developer and operator of automated systems that do indeed trade profitably, is that the sum of these posts = ( ignorance * bluster ) + ego = Braggadocio + Buschwa. Amazing what gets tracked in when you leave the door too wide open. Cheers UrmaBlume

Of course TL is a business and we shouldn't forget that. We also should not forget that it is the best of all the rest of the trading forums and I for one find the management more fair and easier to deal with than any of the others. Not all vendors are snake oil salesmen and not all products discussed here are worthless. I think a ban on any mention of commercial products or services by their authors keeps valuable information away from us all. We all use products and services in our trading. I think TL does a good job of letting us hear from providers while at the same time working hard to eliminate blatant, repetitive spam. Better a free market and let the fools and charlatans reveal themselves as they always do. Who in their right mind spends time on threads where some semi literate braggart talks about making a billion dollars trading forex or other threads with nothing but past posted trades. We should assume that on any free forum we will always have to shift through a mountain of buschwa to find value. In the meantime if anybody knows a forum that is better managed or contains more information please let us know. For sure it aint ET, Mikes or T2W. In the meantime, thanks TW. cheers UB

In your case, maybe you are right. I posted under UrmaBlume. Maybe I should have posted under UrMaBluMe but I usually save that handle for special people and special posts. cheers UrmaBlume

SIUYA, Seems like TL gets a couple of these guys every year. The last one I recall was DAVT. They all seem to have in common: 1. They know more than anyone about markets and all of the rest of us are fools. 2. They are invincible and kill the market and will continue to do so and the rest of us have no chance. 3. There is ZERO documentation of the person, the method or the results and they are all people nobody ever heard of and sooner or later they wear out their credibility and go back to obscurity. 4. They write/sound like they never made it past the eighth grade. 5. To me they sound like they are waaaaay off their meds. cheers UB

It is not so much a question of accuracy as it is a question of method and a question of the efficacy for the particular application of each method. Data vendors use several different methods to determine Up and Down Volume. Most people believe that Up and Down is determined only by whether the trade was on the bid or on the asked. A more common, and some say a better, method is via Price "Up and Equal" for Up Volume and "Down and Equal" for Down Volume. In my work I have found TS Up & Down volume calculations to be quite useful. Before I came to that conclusion I wrote code in a strategy using IntraBarPersist to measure true UpTick volume and true tick by tick Up and Equal.... volume. The results were plotted graphically via the El Collection Global Dictionary. Of note is that you cannot use calculations that measure/value each tick in indicators and must use strategies to get full value from IntraBarPersist.. On close examination of the dynamics of the formation of local extremes you will find that many if not most local extremes are formed by seemingly "opposite" volumes. For instance in the ES many tops are formed by Up/Buying volume and not by selling volume as one would suppose. What happens is that in order to disguise size entries, big players will often establish a top when upward price momentum meets the players price, the player simply keeps replenishing the asked every time there is a trade. This replenishment in the microsecond time frame is noticed by a huge increase in trade velocity and well as constant trade on the asked, over a very short time frame, that is obviously not buying and price remains at that asked rather than trading through it. In our system development work we put heavy weight on indicators calculated from and around the 3 V's - 1) Volume broken down into our particular way of differentiating Buying from Selling at particular points in price. Don't forget that at its base the movement of price is about money flow - more buying more likely to go up. 2) Volatility of both price and our calculation of net trade which we simply call net new trade. If there is no volatility in BOTH price and net trade there is most probably not enough volatility to justify price speculation in that particular time frame. Time frame volatility is why when we think of portfolio we do not necessarily think of development for a portfolio of symbols but rather we think of a portfolio of time frames so that in periods of lower volatility only the fastest bots trade and in periods of great trending all the different time frames trade. 3) Velocity - When trade occurs at very high velocity it is most likely the result of computer execution and that helps locate smart size trade as 2 lot traders do not have their orders computer executed in the sub second time frame. cheers UB

The only way to get real volume information, including up and down volume, in radar screen is to use the price series objects.

Isn't it true that most of the EL changes in TS are about order and price series objects which are not available in MC anyway?

Blue, Thanks for the kind words. I find the global dictionary to be quite useful, especially now that historical time granularity in TradeStation is down to 1 second. As you cannot get intrabar IntraBarPersist data from indicators run on historical charts, I calculated the data using IntraBarPersist in a strategy and then post it to the dictionary for historical visual reference of intra bar information from any or a collection of indicators and time frames on any chart of any time frame. cheers UB

TradeStation's Option Station

Using the Easy Language Collections Global Dictionary it is quite easy to store any value from any chart and then retrieve and plot that value on any other chart from any other time frame. Once calculated code like this posts to the global dictionary with a time based key that is down to 1 second granularity. Using ELSystem; Using ElSystem.collections; Vars: IntraBarPersist CTVol(0); Vars: GlobalDictionary CTV(null); Once CTV = GlobalDictionary.create (True, "NetTVol"); If CTV.contains(BarDateTime.tostring()) then begin CTV.Items[barDateTime.tostring()] = CTVol astype INT; end else begin CTV.Add(BarDAteTime.ToString(), CTVol astype INT); end; Here is a sample of the code used to retrieve that value and then plot it Using ELSystem; Using ElSystem.collections; Vars: IntraBarPersist CTVol(0); Vars: GlobalDictionary CTV(null); Once CTV = GlobalDictionary.create (True, "NetTVol"); If CTV.contains(BarDateTime.tostring()) then begin CTVol = CTV.Items[barDateTime.tostring()] astype INT; end;

If current shares = 0 then begin If Price <= 1.334 then buy/sell x contracts at market; end;

I have worked with JAM for several years. You are very unlikely to find a more competent, honest and pleasant to work with consultant anywhere. I certainly never have. cheers UB

TradeStation has many funds and other market professionals as customers. All TradeStation customers that do any customization at all must use Easy Language to some degree. Many of the apps used by these pros are actually written and compiled in C++ and called and implemented via Easy Language and a dll. For example I use genetically optimized neural networks that were compiled in C++ but use easy language and DLLs written in C++ to pass input values to the networks and then retrieve the predictions from the networks for use in automated strategies written in easy language. cheers UrmaBlume

Get a Trade Station free trial and you can get decades of 1 minute and up data on any stock, future or ETF.

What is really easy is to throw out a few definitions. What is missing is the definition of precisely how - - "Its really easy to make money using option strategies"

Amen. The net effect of ultra-HFT is greater liquidity and more stable prices. The flash crash did not come from normal HFT but from "rogue code" and is but one instance. My guess is that the loudest complaints come from those that were never really profitable anyway and have never really taken responsibility for the downs in their life. A favorite quote of mine is: "Success in the markets is not about instinct, divine inspiration or spontaneous intellectual combustion. It is about intelligent data processing, sound method and the management of risk and resource that is both effective and adaptive to change." HFT is a fact of life and trading - if you can't deal with it other than to blame it for your own weaknesses - then you are in the wrong game. UB

This article describes how last night in Loganville, GA, a woman, home alone with her 2 kids was terrified when a stranger, ringing the bell and beating on the door wouldn't leave. She called for help and hid with her kids. Before help could arrive the person at the door forced his way in using a crowbar and huntend the woman and her kids down. She had a gun and shot him, he is in the hospital expected to survive. The woman and her kids were unharmed. Not much question about where this mother stands on arm or dis-arm. Always better when the good guy has some say as to outcome and not just leave it all up to the bad guy. UB