TheNegotiator

If people are interested, please let me know. If you are uncertain because you have a question, you can post here and ask.

If you were to look at the pf generally in this contest:- http://championship.mql4.com/2008/users http://championship.mql4.com/2007/users http://championship.mql4.com/2006/users etc. Also, take a look at this year's winning equity curve.

Winning some trading contest does not mean that this is the cream of the crop. People manipulate rules in these kinds of things all the time. Imo most of the results are pretty irrelevant. Just like the way people use simulated trading. If you truly wanted to learn how to build and manage automated trading systems, you could. It is possible and people do do it.

Maybe you shouldn't be considering systems with a profit factor of 1.15?

Hi, Going forward, there is no issue with you contacting each other but just posting your email address openly is not good practise. If I could suggest that anyone who wishes to request this file, private messages sergio83. Thanks, TheNegotiator.

I believe they do exist. Whether they are common when you are talking about individuals with systems I doubt it. The complexities now are great and the resources to find, research and exploit specific opportunities before they disappear, could be too high for single retail traders. Not to say people don't trade specific signals and do well. I knew a guy who wrote systems a while back and he did well. His money management rules were good though and he had a portfolio of concurrent systems which complemented each other. Just a point on this though- if someone has a system that is so good it needs zero interpretation and only precise execution, would they tell people about it? I know I wouldn't. System builders are always fearful of system death and that generally happens to over exploited opportunities. TheNegotiator.

Dcash, One thing I have noticed in my time trading is how many people really do understand trading and how to make money. I mean they really do understand. The difference is whether they can bring everything together and have the discipline and commitment to make it work. This is where people trip up. So whatever you do, don't kid yourself into thinking you are a good trader because you understand a good amount of things about the business(or not - always a learning experience for me). This is an easy mistake to make. The other point I'd like to comment on is about being in it to make money. Wrong. You are in it to trade well. Money is a great reward for being an excellent trader. How many top sports pros are there who are purely in it to make money? Maybe a few. But the top top pros want to be the best to be the best. Money flows to them naturally as they begin to achieve this. TheNegotiator.

Hi Shaunna, Nice to have you with us. There is a great deal of knowledge here and our members are more than willing to share. Just get involved and you'll see! Take a look at our forex section. Cheers, TheNegotiator.

Everything is important to some degree. People who don't 'agree' that technical analysis works imo lack understanding more than anything. Skewing the odds of a trade turning out favourably by understanding the basis of current market action is essential to trading success. It is not the only part of success. As with Mad's video and the premise of the 3 legged stool, you can't have one without the other(well unless you're a PC although the algo is still human created (in general)). http://www.videos.traderslaboratory.com/video/901/12-Commandments-of-Trading-Live-Webinar-Replay TheNegotiator.

Okay then, thanks anyway.

If you were using it out of hours as an analysis tool, would it still be a problem or is it an intrinsic language issue?

Okay, so when you PM me, could you please answer the following questions:- 1) How many monitors would you like the PC to run? 2) Would you also be interested in monitors with the PC purchase? 3) What country are you located in? 4) Not including monitors, what is your ballpark price point for a high performance trading PC with the ability to run the number of monitors you answered in question 1? 5) If the price point was offered, would you be willing to commit to a down payment as part of the group buy to be used only if enough people commit? 6) Any other additional comments/suggestions? Thanks, TheNegotiator.

Okay. The idea is for a day/composite profile of time spent at each price. It could end up looking very much like a volume profile (which could I'm guessing also be easily incorporated). So whenever a price is a market price bid or offer, it accumulates time by this price on the profile.

Hi, Here at TL we are always trying to find new ways to offer TL users value. Most of this comes from our website but there are always ways we can benefit from being part of a community. At this stage, this is just an idea. Before it could be a viable opportunity for us, I need to know the sort of numbers of people who may be interested in it. The idea is for bulk buying of professionally built trading PCs to get a level of discount for everyone. I believe it would be for a certain hardware setup, but we may be able to talk about several system types. As soon as I get some numbers and details, I will post them here. If you are interested, please let me know by private messaging me. Don't worry though, by doing so it doesn't mean you are committing to buy one!!! Thanks, TheNegotiator.

Okay, let me look into this for you.

If you have all the LAST data, surely it could be calculated from this. Then it depends on how accurate your timestamp is no? I know that this is then an approximation for some markets.

How about in Ninjascript?

I believe it should be there as standard. I know when I am using chrome some of the images aren't always displayed. Which browser are you using?

Hi, I have a question for any coders out there. How difficult might it be to code an indicator to display a profile of time at price? That is to say the amount of time a price is either the bid or the offer. For clarification I am currently on ninja but if any other platform is more suitable I am interested in any suggestions. Thanks, TheNegotiator.

Let me ask a question. Why is it that many traders do NOT take responsibility and take control? Why don't they get professional in the way they operate down to every last detail and ensure they give themselves the best possible chance of success? Simple imho. I believe that most traders when they start to trade do not understand the transdimensional realm that is the world of trading. They are torn this way and that by exciting new possibilities and great offers. They read this book and that trying to come up with the ultimate combination of strategies when really, they probably don't even know what an SMA is and what it implies in a market. Then, depending on the individual, they will attempt to trade and day in, day out they will lose money. Perhaps they will make money here and there and kid themselves they have made 'the turn'. Overall they will lose. They will lose until they actually have been reduced to an almost child like state. Why them when they have been successful in everything else they have tried? So the next question I have is - how does this trader go about undoing all of this counter productive mind numbing material and addressing what is truly important - the trader themselves? Someone once told me when I first started trading - "The first couple of years is about surviving and staying in business. Then you learn to trade." There is definitely something in that but I think there is a more important meaning hidden within the statement. TheNegotiator.

Does anyone use VWAP in a complementary way to another main method?

Hi, This is a new thread to discuss all things Delta - referring to the difference in trades placed at the bid compared with the offer. So for example if 10000 contracts trade at one price over a 5 minute period in the E-Mini S&P 500 contract, 6000 bought at the offer and 4000 sold at the bid, the delta of that price would be +2000. The premise is that the traders who do their business at market are the more aggressive participant. Another example would be in the same 5 minute period, regardless of price, 50000 contracts are traded. Let's say 20000 were bought at the offer and 30000 were sold at the bid. That 5 minutes would be said to have a delta of -10000. For me, delta is a great visualisation of one way action that may lead to a decent move during the day. You can see if you are watching say a 15 or 30 minute chart the imbalance of trade building up and it can be a great indication of continuation in a particular direction. Another way in which I have more recently found delta useful is by watching cumulative delta compared to price movement. Cumulative delta is just like a price chart but with delta. So let's say you have 5 minute bars and you have deltas over the course of 15 minutes of +7500, -1500 and + 4000. You would get a delta plot of +7500, +6000 and finally +10000. So I have found that for example when the cumulative delta is pushing down and overall price is drifting up, there is an implication that there is an underlying bid in the market which is strong enough to absorb that aggressive trade and as such often the market can then break in the direction of price. This is divergence. I also know that with tools from certain vendors, it is possible to look at delta action in much greater detail. Traders might look at say delta at extreme prices when the market is retesting these extremes to judge better the effort of the market than simply looking at volume. There are many ways in which delta can be applied and interpreted and I feel it could be useful to discuss them here. I am happy to answer any questions on the subject, although there will be many who know more than I do! TheNegotiator.

Nice thread. Always useful for people to discuss things like this as to be successful long term, you must be professional. What goes into a trading plan however must be well thought through. Don't just add things as 'filler' as otherwise you are 1- wasting your time and 2- turning yourself off from what should be a constructive exercise. Many things can go into a plan, but I would ask how you are going to be accountable. Also, how do you then accept negative results as you know you have to be accountable? (this is really the same thing but illustrating that it is not only the results of each trade you must be accountable for but also the actions involved in bringing those outcomes). TheNegotiator.

There are so many indicators used for so many different elements of trading. Some good, some bad. Some used appropriately and some not. Most have some basis however and it's my belief that some measure of credence can be given to anything that a trader(human or not) uses to make decisions to trade. I personally am an advocate of auction theory and principles of market profile. However, I also integrate price specific volume and delta(aggressive buy-aggressive sell) in my price analysis. I also look and fibonacci retracements and extensions with the day and from strong moves. These methods give me a price framework and context for trading during the day. There are other indicators I like to look at given particular contexts. For example, if a market is or is likely to trend within the specific timeframe I am looking at, I may also incorporate moving averages depending or their ability to demonstrate relevance. Simple but sometimes can be applied very effectively depending on other participants. That's me for now. TheNegotiator.

Traders, Programmers, Scientists, Have you ever wondered how the trading universe truly functions? Or how the plethora of trading indicators and styles mesh together to form each market as it is presented to us? Is this the answer to the ultimate question of life, the universe, and everything or even the holy grail? Well here's your opportunity to discuss or share your thoughts and musings, studies and strategies. This is the Traders Laboratory and we are here to make discoveries and enlighten!! TheNegotiator.