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Everything posted by TIKITRADER
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Following up with the Shifted gap fill from earlier. This chart is for shift only. Do not pay attention to price. What I have for today so far. Chart is simple not much on it
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. . . thats too much work lol
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Here is gap closed. Red bars represent shifted price to match yesterday close. Tams shifted code for easylanguage posted here on TL
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Congrats !!!! nice work there ! Keep it up BF. You are doing a steady pace on the weight loss and you are definitely feeling better with those results. Go for insanity, you have the motivation now.
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. . . and there lies the answer to volume leads price,always and without exception
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You are welcome. Really great information that is very useful can be found from contributions from Tams. He has helped many to better understand easylanguage. Worth reading I promise that.
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You will find Frank has posted a very useful thread on easylanguage in OEC http://www.traderslaboratory.com/forums/f218/getting-started-open-ecry-easylanguage-6016.html#post65739
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DJI Monthly bars. This ends September with a slight increase in volume over August. (vacation month ) Feb 2003 to September 30 2009
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Following up - booting Linux Mint 7 from a flash drive. I did have time to try this out. From the site above at pendrivelinux there are the full instructions on how to do this. Once the flash memory stick is loaded with Linux Mint 7, you need to change the boot order. Simply reboot, enter the boot order select, change to the usb device and save. reboot and select to boot from usb and OS will open. It runs very well and this was fairly easy. Get a large enough flash, load your OS, apps, and data, place on keychain and boot your setup on another computer elsewhere. Or just have multiple flash setups to boot from on home setup. This is another option to add to your ability to try a different OS out.
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Good suggestion BF I agree. Demo is a reasonable $25.00 a month and that gets you the full platform, futures, FX, and recently options were added, soon equities. It is a live demo platform so it can be used for backup data. I use it for backup.
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Long term look at the Dow DJI Monthly bars. September 23 2009 This chart spans from February 2003 to present day. *posted elsewhere
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it is typically normal to see volume decline as noon ( lunchtime ) approaches. although overall volume may decline from open until noon, there still exists a price volume relationship for the context during that segment of time . Same stands for the overall volume from open until close regarding context of the price volume relationship. Common also to see the saucer shape to the entire days volume, open to close , but within that ' saucer ' exists price volume context for each container built within the day
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I had to step out and did not finish. If you google flaws and internal formations Spydertrader you will find. great info on this topic To point out as someone has mentioned, Spyder no longer uses these terms, above information is for researching where the term flaws and formations did originate from.
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I will finish with this you get the idea, but google Spydertrader September 2 2007 and you should find what you need 09-02-07 08:56 PM Continued Flaws and Internal Formations We know that most flaws form when volume significantly differs from the previous bar. I have often discussed how this significant difference in Volume at end of bar has a 'tipping point' around the 40% to 60% level when compared to the previous bar. In other words, if the current bar Volume has somewhere around 90% (or so) of the previous bar then we think, "This bar has all the markings of an FTT." If, on the other hand, we see only 10% of the Volume of the previous bar, we think, "This bar has all the markings of a flaw." The 40% to 60% of the previous Volume bar marks the point at which we distinguish between the two. Since the beginning of this Journal, we have all had a tool, that on many bars, allows us to know, within the bar itself, that we cannot possibly end up with an FTT on this current bar. The tool to which I refer is PRV. Note the flaws on the examples I have shown. Note The Volume Levels. Is it possible that at some point within the bar itself, one should know exactly what we see because Volume cannot make it to a level where it signals an FTT? or better yet, Volume cannot make it to continuation? Of course it is. Look at those Volume bars. Can you not see how one can most definitely know before the close of the bar? If I say, we must see a certain Volume level by end of bar, what must occur within the bar for the result at the end of the bar to occur? So yes, I did not specifically spell out in step by step fashion, complete with road map and atlas, exactly how one can arrive at knowing intra-bar. But I did most definitely, on more than one occasion, spell out exactly what was needed at end of bar. I apologize for assuming everyone could make the connection between the two. - Spydertrader
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continued Spydertrader September 2 2007 09-02-07 04:33 PM Continued Flaws and Internal Formations Alrighty then, we have laid out the various types of flaws which pop up from time to time. We also see how Price and Volume play a role in differenciating a flaw from an FTT. In addition, we already know that flaws manefest themselves across dominant traverses, and they do so when a certain number (or contracts traded) decide the current trend has moved far enough. Lastly, we can determine what type of flaw with the passage of time using differencial analysis as to what the 'thing' cannot be and eliminating choices until we are left with the only thing it can be. Now, we do have other 'things' which crop up from time to time. These are not 'flaws' as we know them. They represent 'formations' of Price (and Volume) bars. These also provide the trader with instructions as to what must come next. Examples of these 'formations' include: Laterals and Pennents. The Pennents should be easy to spot (Flat Top, Flat Bottom and Sym). They begin with a two bar formation (but could last longer), and then Price Breaks Out in one direction or another. Now, we do not associate any sort of probability with respect to direction on a Pennent. We simply see the Pennent Formation as a momentary pause - a place in time at which the market has chosen to 'reset' and start again. The same holds true with Lateral formations. A wide range bar followed by multiple bars - all of which remain inside the Price range of the wide range bar - creates a lateral formation. The wide range bar casts its 'shadow' until Price breaks free of the lateral formation. Both Pennants and Lateral formations almost always show decreasing volume from beginning to end of the respective 'formation.' Jack has lumped all these sorts of 'things' into what he calls - Internals (short for Internal Formations). Both Flaws and Formations comprise the group Jack calls Internals. If we look at the combination of Price and Volume and how each interacts with the specific 'Internals' examples. we can 'see' how one could view a flaw or an internal formation as a signal for change. with flaws, the signal is not of very long duration - a few bars at most. With formations, the signal is forthcoming. We have no movement now, but expect to have price change occur shortly. The only exception 9off the top of my head) is when Price leaves the formation boundary, but then returns. This is sort of like when Price exits the channel and then returns. With a channel exit and return, we call the event an FBO. A similar example occurs with formations. although we do not want to call the event an FBO (in an effort to avoid confusion with the channel FBO), a similar mindset needs to be applied. "Well we broke out but came right back in, now what?" Simply wait until the next bar and look for what we always look for - Price direction on increasing volume. More Later ... - Spydertrader
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continued flaws and internals Spydertrader September 2 2007 09-02-07 11:40 AM Continued Flaws and Internal Formations With Hitch and Stall understood, we move to the next example of temporary change - The Dip. Again (as with Hitch and Stall) a minority of market participants think, feel, believe they know, the current trend has run its course, and the time has come for the market to head in the opposite direction. This group of traders has more money, economic clout, and influence (due to their relative larger numbers) than either Hitch or stall (Hitch < Stall < Dip), but not yet do they have the needed influence to motivate enough 'others' to follow. As a result, The Dip group effects change for a longer period of time than either Hitch or Stall, but The Dip Group does not yet have enough economic clout to 'change' the minds of enough individuals just yet and alter (longer term) market sentiment. Because their influence is greater than either Hitch or Stall, we see in the charts a longer period of influence (often 3 to 5 bars). Price pulls back forming a 'hat' or 'bowl' (depending on direction) and Volume drops off significantly as well (usually across several bars). If a Dip last long enough, one can often see a Dip end with an FTT - especially when watching a small traverse (limb or small tree). As you can see with these three types of flaws, each represents an ever increasing number of market participants who feel the time has come for a change in sentiment. It does not matter at this point if an individual participant chooses a reversal or an exit to articulate their respective view. The HVS, on the other hand, represents a dynamic slightly different than the previous three examples. With the HVS, you have a near 50 / 50 split with respect to how the market participants view the current trend. Support / Resistance, Long / Short, Bull / Bear, Up / Down, Good / Bad or Dog / Cat - it does not matter what terms one uses to describe the environment. What we see during the HVS is a battle between the two groups. "Things are great!" / "No, they suck!" "The market is gonna' make new highs!" / No, its going to crash worse than 1987!" "Less filling!" / "Tastes Great!" Back and forth, back and forth until one side capitulates deciding neither their opinion nor their capital can overwhelm the opposing group. Occasionally, one side gets a bit tricky and raises the white flag, regroups and comes roaring back a few tics later in the game. We have no need to worry about this trick as we see it play out in advance on the DOM (at the large walls). The important take home message here is we can spot an HVS by the decreasing levels of oscillating volume (red, black, red etc.). Price sometimes creates a lateral, but other times does not. One can trade through an HVS situation using expert level tools. CCC brings about another type of situation that differs entirely from the previous 4 examples. During periods of CCC, the market participants have chosen to not participate. They head to lunch, they leave for The Hamptons or they simply decide to wait until some scheduled News Event takes place (Fed Day). This lack of participation by the key players creates a scenario whereby noise has a far greater impact on each individual bar than during any other periods of the day. Risk has increased to the individual trader, and we, as students of these methods, often choose to exit this type of environment. We see this scenario manifested in the charts by flatlined price combined with super low (DU or VDU) level volume. More later ..... - Spydertrader
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Greatest definition of a flaw and market internals Spydertrader September 1 2007 Flaws and Internal Formations Before we proceed toward a discussion regarding Internal Formations and Flaws, let's try to clear a few items off the table. First, one cannot expect to know immediately upon the open of the bar whether or not one sees an FTT or a Flaw. Almost all Flaws start out looking exactly like an FTT. Only with the passage of time can we see the subtle differences which tell us, "What wasn't that?" Second, forgotten among the many discussions and side debates of this Journal is the fundamental concept which drives all trading of these methods: Volume and Price are inexorably linked to one another. The methods both graphically and literally show the changes in market sentiment over time. While channels do provide context, and Gaussians show the ebb and flow of volume Pace, everyone needs to evaluate every post, every tool, and every bar through a lens which differentiates between continuation and change. With that said, we can now begin. We need to understand at a fundamental level just what 'flaws' represent. To the Beginning Level Trader, flaws provide an opportunity to hold through periods of uncertainty. To the more advanced level trader, 'flaws' provide additional opportunity for profit. Why the disparity? The answer is simple: Time. Beginning Level traders have not yet had enough Time in front of a computer screen to 'see' the opportunities presented by 'flaws' and view these areas as confusing. I do not mean to suggest a certain quantity of Time flips a switch allowing all a great insight into the inner workings of market microstructure - far from it. What I am saying to you is, lost in all the sound and fury is the meaning behind the bar formations - continuation or change? It should not matter if the change is an FTT, flaw or formation. Can you not see how using Price and Volume in combination alerts you to what must come next? None of this is new stuff. It's all been posted before, in one form or another, on one web site (or USENET Group) or another since 1998. But let's see if we can't try to look at these things from a different point of view. Fundamentally, Flaws represent a minority opinion in the market place. Depending on the size of the trading accounts involved, and the conviction of the traders controlling those accounts, the market will react in several, ways. The Hitch represents only a handful (compared to the entire market) of traders who have decided, on their own or in collusion, that the current trend has run its course. This small (again in relation to the overall market) throw their weight, influence and money head first into the current trend. This activity (and it does not matter at this point of the trades represent a counter trend [reverse] move or simply an exit from the market itself), briefly stops the current trend (temporarily), but this particular group of traders doesn't have the numbers (or economic clout) to bring about a trend reversal on their own. They need others to follow their lead. Since nobody follows, we see very little range in price and significantly less volume than the previous bar. The result: a temporary shift in market sentiment and a very small range with respect to Price. Since nobody followed, the temporary trend stop (or small reversal) ends, and the dominant trend resumes along its previous pathway. The Stall, on the other hand, has a few more people behind the move. A few larger accounts, a little more weight, increased clout and cash, by the use of which, this group hopes to influence the market. While the stall group does manage to push Price a little further than The Hitch Group, they too find nobody willing to follow just yet. As a result, we see a little larger Price move (when compared to the Hitch), but very little volume (normally) when compared to the previous bar. Of course, just like the Hitch, the market resumes its previous course. I'll continue with this post tomorrow, but for now, look at the last chart posted. Study it long enough and you should be able to see differences (compared to what you already know about adjacent price bars) which allow for the differentiation between continuation and change. Good Weekend all. - Spydertrader
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ES Long term Daily chart. This spans from August 2006 to present. The October 2007 FTT. is clear. ( FTT . . . old school lol )
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Need a Desktop Alarm That Goes Off in Set Intervals
TIKITRADER replied to brownsfan019's topic in Tools of the Trade
Here is a useful alarm. It is simple but you can set multiple alarms. Limited as it is in 15 minute increments . The great thing about this alarm is it can launch an app at the set alarm time. Possibly Bloomberg Economic calender every 9am or maybe charting platform. I tested it just now with an OEC demo account and it launched it on the test alarm. Looks like it can be very handy for launching apps. It can be found here. . . Alarm RP - Free software downloads and software reviews - CNET Download.com -
[site update] New Site Design Launched!
TIKITRADER replied to Soultrader's topic in Announcements and Support
That was fast ! It works perfectly now. Many thanks James and my compliments on a real nice site. -
[site update] New Site Design Launched!
TIKITRADER replied to Soultrader's topic in Announcements and Support
yes under thread tool, add to favorites. then I go to user cp - quick link - favs and nothing is there -
[site update] New Site Design Launched!
TIKITRADER replied to Soultrader's topic in Announcements and Support
When opening user control panel ( CP ) / quick links / favorites - there is nothing there and it directs to ' no subscribed threads ' -
[site update] New Site Design Launched!
TIKITRADER replied to Soultrader's topic in Announcements and Support
Clean look . . . Nice work here agree - faster page loads -
Yes the VBox is really great stuff. I became immediately interested in W7 so much while running it in the VBox I actually installed it on a separate HD. The only reason I did that was while running the Vbox I noticed I was only utilizing a single core out of a quad core. I use Multicharts that utilizes the quad core. ( if someone knows better of the VB and its cpu use please correct me as I am new to it. ) I am very much into continuing with the VB on my original drive and needed a way to switch between drives. I found this guy that gives a schematic to wire a HD switch Build A SATA Hard Drive Switch For Booting Multiple Operating Systems Very cool stuff that allows me to switch between a dedicated drive for my trading platform and broker, and the original drive with XP and the VB. I also found this switch that was reasonably priced compared to others on the market 4 Port SATA II Switch With KeyLock and LED 3Gbps Compatible it allows up to 4 separate drive to switch between. That is some great stuff for HD. Getting back to the Vbox, it has so much potential it is worth the price ( free !! ) really no need for separate drives. I will be using it to check out different OS and also to set up different OS for different needs. . . . not affiliated in any way with the VB or Sun Micro, just passing along some great stuff.
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I did not see Frank's video but I can direct you here OEC - Futures and Forex Electronic Trading System OEC Trader Plug-Ins you need to install the OEC plug in for indicators here OEC - Futures and Forex Electronic Trading System OEC Trader Plug-Ins