Tradewinds

TS version 9 is no longer dependent upon the bar in the chart to move for the code to recalculate. TS 9 now had object oriented programing with Namespaces, Classes, Methods, Properties and Events. There is now a new "Timer" Class Component. Here are some lines of code taken from an example. The lines of code show the syntax and some different things that you can do with the timer. It's not functioning code. I'm still learning how to use it, so I hope what I've provided is correct. using elsystem; // "elsystem" is the Namespace. This statement is placed at the beginning of your code. This allows you to reference the methods, properties and events of the namespace "elsystem" in future lines of code. vars: Timer Timer1(null); // Declare a Timer variable named "Timer1" and set it's initial value to null. Timer1 = new elsystem.Timer; // Create the new Timer Timer1.Interval = 1 * 1000; // Set timer to update every second Timer1.Enable = true; // Start the timer Timer1.Elapsed += Timer1_Elapsed; // Calls the Method subroutine "Timer1_Elapsed" when the timer expires Timer1.Enable = false; //Turn timer off Timer1.Enable = true; //Turn timer back on

Here is the unfortunate problem. I've become cynical and skeptical about subscribing to trading services and products. Now I have an emotional and psychological block that I just can't overcome. It's about trust. So even though I don't doubt the value of the product, I won't subscribe to it.

I want someone to quantify and articulate it for me, and then post it here so I can code it, or begin to code it. Maybe I'll search the Easy Language website for some info.

Thanks, that makes sense. I hadn't thought of that before. That's good information.

But I want to create my own program. Now I'm so sad.

Can someone tell me exactly how those pivot point highs and lows are defined? In that period of sideways consolidation, there are two lines. How do you determine exactly where to put those two lines? Are the lines based on the highest close and the lowest close within that area?

He also talks about the Bank Order Flow as being represented by a zone of consolidation. When you see that narrow band of consolidation in price on a chart, he says that it represents the Bank Order Flow.

In the video he gives an example of Supply and Demand on the trading floor. He states that the Supply and Demand can be seen on a chart, and you have access to the same information that the people on the floor have with the actual pieces of paper right in front of you.

I'd like people to post data that includes a match up of the Price Mean Reversion to the Volume Mean Reversion, the ticker symbol, and the percentage of the time that the two are in sync with each other. Also define how the original starting point for the beginning of the reversion is found. For example, is the starting point for the price mean reversion a swing high or swing low, and how do you define a swing high or swing low. Also how is the volume high defined? For a mean reversion, both the high and the low need to be known in order to find the mean. So there is also a range that needs to be defined. Please also vote in the poll.

Will you be doing any programming? Does it matter to you if there are platform costs or not? Would you rather have a great platform, and pay for it, or have an okay platform for free? Do you want free data feed? Would you rather pay for the datafeed if it was better? It may depend on what you needs are at the moment.

Investopedia is a good place to start: Futures Definition I think that the futures market originally started as a way for farmers to manage their risk. Because harvests were unpredictable, and the farmers needed a way to financially plan for next years crop, if they were guaranteed a certain price before their crop was delivered, it gave them a sense of security and a way to calculate their potential profit. If someone was willing to give the farmer a set price before harvest, then the farmer could "lock in" a certain price. The buyer entered a contract with the farmer, whereby the buyer guaranteed a certain price to the farmer. Now that the farmer is guaranteed a certain price, they have a guaranteed amount of profit. If the buyer of the futures contract gets the crop at a lower price than they can sell it for, then they make a profit on the resale. Futures contracts like the e-mini's are "rolled over", but if you buy a futures contract for a commodity, and you don't sell it before that contract date expires, you could actually be liable to take delivery of that commodity. So unless you actually want a truck load of beans at your front door, that you are liable to pay for, sell the contract before it expires.

I do a lot of programing, and I've found EasyLanguage to be very good for what I need. I transfered to Tradestation from another broker, and had to learn how the charting worked, but have been able to duplicate everything that I need. The data options that TradeStation has compared to my other broker are better, and it looks like the data is coming though more often. The strategy testing in Tradestation is far superior to my last broker. So the charts are very good, the programing language is very good, and I like the data options. The Matrix trading ladder is good. The commision fees and the margin requirements are also better than my last broker. So I prefer TradeStation by quite a large margin compared to my last broker.

Okay, eToro looks interesting. I don't know anything about them. Do they have a programing language for users to create custom indicators? It looks the Platforms available for use with eToro USA are: Trading Platforms | eToroUSA You can use Meta Trader 4.

I agree, I don't think it would detract at all from the quality or richness of the content.

Excellent idea. I'm all for it.

The real learning comes from time and effort. So the message board is of limited use when it comes to the bulk of someone's personal trading advancements. So now the question is, if the message board is of such limited use then why do I and others bother to keep coming back and making posts? Where do we go from here? If TL is of such little use they why do you bother making posts here? It seems that TL is of no real use to you in the sense of obtaining trading knowledge. So what's the point? Why don't you just go away? Even though there is very little transference of knowledge accomplished here at TL, I take whatever I can get, wherever I can get it. Sometimes all I need is a hint, or being pointed in the right direction.

It took me a long, long while to figure out, and sort out what the motives were behind each members posts. New members to TL may have no understanding of the motives behind a post. I was a member for quite a while before I started reading or making posts. I started reading and making posts as a way to work through trading ideas, learn, and hopefully contribute. My motive in contributing, is that I usually learn something new. So there is a personal benefit to being involved. I've learned that by trying to answer questions, and give opinions, I learn something new. As I started to understand why different people were making posts, and learned things about them, I gained some clarity about what is going on. I began to realize that many people making posts are simply in the self-promotion business, for whatever reason. It's not that self-promotion is inherently bad, but knowing what is really going on adds some depth of understanding. Ultimately the goal of TL is to attract traders, and get them to visit the site often. Advertisers and vendors want to see a lot of traffic. TL is not going to hold or attract more traffic from people getting disgusted and fed up with the crap that goes on here. It just seems like common sense for TL to bring a halt to contentious and insulting behavior. I don't care if someone wants to sell me something. I might even want and like what they are selling. The self-promotion and selling isn't the problem. It's not vendors, or self-promoting people who are the problem, it's anyone who just doesn't understand simple respect. Although, if TL wants to increase the respect level, then there needs to be some transparency about what is really going on. It may be surprising to many what the background and motives are of many of the members who make a lot of posts. I've noticed that some members with a lot of posts, seem to have not made posts for years. Sooner or later, probably everyone moves on and stops visiting the site for one reason or another. TL should consider who is coming back to the site and why. You don't want an imbalance of contentious and/or self promoting people to the people who are sincerely looking for beneficial interactions.

I couldn't tell you the technical aspects of why the whipsawing occurs on the ES, but it seems to occur at major news events. So make sure you know when scheduled news releases are coming. Those huge price whipsaws that happen suddenly often define the short term high or low. So there is information to be realized from those events.

I've never been able to make any sense of the DOM on a trading ladder. And I really don't know how to analyze Depth of Market. I've watched the numbers for the DOM on a trading ladder, and it makes no sense to me at all. I have never been able to see any correlation that I feel I can trust. And the DOM numbers change so fast and so dramatically, that I find it just a lot of "noise". I ignore those numbers, and I would just have them shut off if I could.

It depends upon what data we are talking about, and how the trader is processing that data. If all the new data is a lot of orders that just get cancelled, then yes, I see your point. If the HFT traders are entering orders, then a split second later cancelling them, then I'd like to see whoever controls the market look for a pattern of this behavior on an individual basis, and do something about it.

I agree. And on a similar note, I'd like to add: The nanex.net article starts off by stating the the huge increase in data is "insane". An increase in data isn't insane, or bad. It's just an increase in data. Period. The biggest concern seems to be liquidity. I guess that the implication here, is that traders are abandoning markets like the SP 500 e-mini futures, and therefore the liquidity is dropping. I guess that's the issue I'd like to know more about. Are traders and investors really abandoning the SP 500 emini? And if they are, why?

Here is something else I just thought of. Sometimes I click an order to cancel it, and I get a msg stating that the order can not be cancelled. So my question is this, if the HFT traders are entering an order, don't they risk being filled before they can cancel? Or maybe they have just enough of an "edge" so they can enter an order, and cancel it without worrying to much about being unintentionally filled.

I'd like some clarification on the term "Thick". I just did a web search, but didn't find anything that made me feel like I understand what "thick" means. I'm not familiar with the term.

I don't know. I doubt it. I'm all for creating a playing field in the market that it fair to everyone.

That's good. I like it. It's more specific. It could be tested. The mean reversion could be defined and quantified, then programed for, and data collected.