momentom

If you can face a large number of losing trades in a row and still put on the trades then look at this software. It puts trades on at extremes and looks for a good move. You get stopped out a LOT.

Started off OK and then the system fell apart and since then there have been MANY changes of indicators. It looks as if they are still in search of a methedology

Chad, do you have equivolume range bars? Is there a screen shot? tx

I trade the FTSE but its no longer very correlated to the UK. Many, many foreign stocks make up the FTSE 100

Here it is for MC. Unzip before import. BR_Squeeze.rar

i did this in irt for a while

Why do you think that open interest has any relevence? There is a huge amount of daytrading that does not give any change in open interest. Most charting packages have Volume bars that allow you to chart bars of a constant volume. Most traders that use this form of charting use an amount of volume that gives the number of bars persession that suits their style. As a daytrader, I use volume bars that give me between 200 and 300 bars per session. If you really want to have volume bars dependant on open interest, its a matter of looking at open interest periodically and then manually changing the number of contracts required to create your volume bar.

Great examples James. Here's one more: You are, say, short, and looking for a target: previous days value area highs and lows and points of control are obvious points to look for the market to stop at, at least for a bounce.

Here's my contribution James: http://www.traderslaboratory.com/forums/broker.php?do=show&did=3

Today was even worse at esig. what's happening? anyone know?

Yes, great program. Make sure that you setup the chart times in the properties to reflect the trading hours you want. Been using it since the beginning and have used MP since the 1980s

Cisco routers are the industry's top of the line. Cisco bought Linksys who make "home" use routers and modems of great quality and technology. Buy the Linksys model that has the features you need. The bits of wire between your pc and your ISP's internet backbone are equaly important for speed. Use good quality cable and google "speetdtest" to check your speeds. If your area has both cable and DSL, getting both will give you redundancy and you should never be off the air. Finally, I buy my computers in pairs and ensure that my backup pc is always the same as trading pc. Switching between them every week-end helps do this. I use multiple monitors so that's not an issue.

Does anyone have Guppy MACD for tradestation or multicharts and willing to share. TIA

In the mid 1980's when MP first became known, the bonds was the market of choice and Pete Steidlmayer used that market to teach. However, since then, the volume has gone to the 10 year notes. MP "works" on anything.

j-chart say they are NOT MP but some techniques are compatible. I liked the idea of breaking the day into a number of profiles which I do in MP. However, I got to the stage where j-chart, which I had reading esignal data, could not co-exist with another package reading the same data - j-chart just took over the cpu so I had to abandon it. The fact that users were not very sharing was a big factor too.

hi lote tree, never has something seemed to have so much promise and proved so disappointing. I use market profile so j-chart was intriguing. j-chart people were great at first but the software was a bit klunky and VERY resource hungry. I couldn't get specific setups to trade. Users were not very forthcoming. It was a real shame as I still like the concept.

I reviewed 3 rooms: Bill Durea's IOAMT Balancetrader JP These are my personal observations: Bill is a great trader, not MP but more Market Delta. He is quite discretionary and no real hard setups Balancetrader: great guy, hard setups but did not have setups for all MP day types JP: Probably best trader using specific hard setups of the three. He is the one I actually paid for a month. Knowledge transfer is good. If you have the discipline you can be profitable quicker here than in any of the other three. JP shares his trades live and makes money nearly every day. He is quite hyper when in a trade so don't be put off by the noise. All three are very genuine traders. Of the three, Bill seems more like a business than the others - the other two are just traders.

I use stop limits with a limit on the limit as I can get some horendous fills otherwise on the DAX.

Found it!!!!!!!!!!!!! Tx

Looks great Walter. You have progressed this method to a very clear process. I could not find the Ninja version of the indicators in the posts. Would you mind posting a link? I'd like to test it on DAX.

I was an options market maker for many years and have seen writing naked calls done over time. If the trader has some expertise then it works for a time and profits get re-invested and size increases until the day when an unexpected event happens and the trader goes bankrupt. I've seen it happen over a dozen times in the last 20 years. A great example was on Comex Gold in the late 1980's. Look it up. They were smart rich guys.

I use range bars 6 or 11.5, depending on volatility

Malvado, I day trade DAX and I just trade for the first 2 to 3 hours, the cream's gone after then, at least for my style.

No applogies required. I appreciate your sharing!

jperl, Great threads. Really opened up my mind. Thanks for showing me this.