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HAKUNA
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Everything posted by HAKUNA
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Steve, thanks for response I can understand this inside info. on stocks providing an edge but for index futures traders, can it considered as an edge. If any in your company have seen this perhaps you could paste it here, I mean a chart indicating a price move which would not have been recognised without that knowledge.
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Then consistency is a problem, it becomes a 50/50 approach, suppose you are saying wait for the day to unfold and see which is leading which, but then things could switch around during the day. Anyway thanks for clarifying FX trading, wonder if you know about a futuresbetting firm in London, here is the link: http://www.futuresbetting.com/ This is not spreadbetting where you are really trading against the broker, it is like the normal trading via a DOM ie. you orders go to the exchange and you can trade all futures market that way, including currency but because of the futuresbetting title, the profits are not subject to capital gains or income tax even for U.K residents. That way if you wish to trade currency futures you can do so without going into spot market. Anyway check it out, they give a free demo platform.
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Steve, Having gone through many of the posts here it seems you are combining a lot of indicators/methods: Market Profile Moving Averages Pivots News on activity of Professional money. What would be interesting to see is an example where the Price action would have been difficult to read from the chart without the prior knowledge of this professional intent. I thought in this day and age of electronic trading, that any action taken by anybody would have to go through the exchange and hence onto the tape and hence it should appear on the chart. Would appreciate if you would take the trouble to clarify this. Thanks in advance
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Does this suggest that Naz futures a good leading indicator
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o.k if I read yu correct, yu monitor price/volume activity on the Currency futures and then place your trades on the spot market. Let me ask a few questions: 1. Is it because the volume activity on the currency futures is better to read than on spot market via tick vol as TG suggest. 2. you say you place orders on Infinity platform, do they support spot market trading on that. 3. you mentioned flexibility the reason for trading spot, as each pip on currency futures is $10, presume you can choose what amount you wish to trade on spot, ie. anything from $1 - upwards for each pip, is that correctly interpreted.
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Well how would you categorize monday's action?
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Thanks WHY? o.k on a practical level, friday was an upday, so that presume would be labelled as Buy Day. Today therefore expect a Sell day and tomorrow a Short sale day, hope I am on right track so far. Looking at US session only ES gaps up and has hit 910, Is that high made first on a sell day ie. high violation of buy day. Just trying to get used to the terms and correct designation of up and down days. Perhaps you could take the trouble to help out and follow this through for a week or so.
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JJ, Good post, see yu not too impressed with VSA club, was thinking of joining, but have gone through bootcampCD and symposium DVD Do yu trade currency futures, if so what do yu think of liquidity and order fills, which trading platform yu use .
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Before a solid plan isn't it necessary to understand the price action
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Agreed Blowfish, there is really no need to be at loggerheads with other groups. :fight: I find benefit in most. Eiger and others who trade with VSA, hope yu guys keep posting, good learning for all of us. I benefit from posts on wyckoff forum too, and find all this complementary. Initially use to focus too much on vol spikes etc and engage in reversal trades, then had a long chat with Todd Krugger who went to explain more in the Bootcamp CD, great shame he has departed , very different to what Gavin does. Infact in the symposium DVD you find Sebastian in disagreement publicly with GH who only goal appears to be promotion of software(although he keeps saying it is not, great marketing ploy though), seminars etc.
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Thanks, I tried JPY and GBP.USD via forex after so many TG videos, but the volume bars all appear to be the same whereas GH reads all kind of thing in there:) so gave up, presume from your comments you trade currency futures, if so how do you find liquidity there, am thinking of subscribing to CME and which trading platform yu use to trade these instruments. Yes I am led to believe that Fib numbers are widely used in the forex market, can become self-fulfilling if enough people trade with them:hmmmm:
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Great post, certainly opens the eye to other ways,perhaps better, of looking at price, volume. I had the VSA bootcamp CD and course DVD, the explanation in this post seems more detailed and easier to follow IMHO I would have taken long trade (on the 2nd chart) after price confirmation following No supply and trendbreak, then get stopped out, don't know if I would then have gone short as the bars seem to be closing in the middle. The wholesetup looked like sign of strength in the background as per posts in the vsa threads.
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Which markets yu trade and what methodology yu use?
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Thanks for the interesting comments, have read your posts closely, you clearly have good understanding of TT method. I am still in the learning part, would you take the trouble to show some charts appropriate to those comments as I am still confused about buy and sell days etc.
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It is better to get hold of Bootcamp CD and London symposium DVD if you can at a discounted price from anybody willing to sell , ebay might be worth checking,(mine are already sold) all the necessary info. is there , then ignore all the email promotions and spend time on the screen, forget the software.
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Don't really need the software to work with VSA anyway, just any charting pack should be o.k as long as you get price and volume histogram as Sebastian always says. Even mentioned that during the London seminar, am sure did not go down well with GH.
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Why does a hinge form and what does it accomplish? Is it that the disagreement about price between buyers and sellers is narrowing in view to finding acceptable value to both parties, that is when then the demand and supply lines reach an apex with very small range bars and low vol. Any breakout of this would then suggest initiative reaction by either buyers or sellers. If not, would you elaborate.
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Think you will find DbPhoenix on Wyckoff forum, very much doubt if his ebook is about VSA but I could be wrong.
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Db, Further to my post 129, copied here: "Db In your pdf file on support resistance and trend trading, the concept of failure to breach is explained. Also notice in many of your posts, you mention a number of times on the trader deciding in advance what he should look for and to know what he is looking at. Do you therefore study Daily charts to identify such locations (FTB) to trade for the next day. Then go down to 60min charts to identify similar locations and so on to smaller timeframes, 5min, 1min, 5sec." Won't quibble over the wording, location pertained to any support/resistance identified. Following that you also mention trading support and resistance, in which case you state that trend is irrelevant and hence also the timeframe. Are these support/resistance zones then dependent on the timeframe. Hope this time folks will let the wyckoff expert answer:)
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Yes they like to push their full package (charting etc), however if you have a 3rd party charting software which interfaces with esignal feed, then you only have to have their Data Manager , $50/month(not the full $125/month) plus any exchange fees.
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Try esignal for datafeed and infinity AT V3 as a trading platform, pretty good IMO
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Have you tried this, does the software then connect seamlessly to the datafeed from Infinity/Transact trading platform, if so do you then have to pay exchange fees, if so how much for say ESmini per month and to whom. If you trading this instrument, what exact symbol would be inserted in the charting package to download for example a 15min chart or a daily chart.
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Could not find a free verson, did you mean 30day free trial.
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Why trade the hard way then?, best to look at alternatives like currency which tends to trend or even Nasdaq.
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Thanks, have a look at Stoxx, lots of liquidity, Looks like you are following a lot of what Dbphoenix teaches, especially the 10sec, 5sec charts to observe the pushpull of supply/demand. Lot it make perfect sense.