FulcrumTrader

I do frequently use the next zones of resting inventory as targets for thinning out multiple contract positions. I would though at least cover 2/3'rds of my overall trade at the 3 to 1 (risk:reward) target. You do not have to cover all the trade at the 3:1 target but per my plan I cover 2/3'rds. If I do get counter indications printed while in the trade, I am eligible to terminate trade at that point per my trade plan for the set ups. I do look for Momentum moves in the market at 4 key times of the day....some time based (like first hour of a cash session), and at other times just after a supply and demand event has played out (like an inventory grab). I think finding the momentum moves that actually stick in a market do need to have solid reasoning for the energy that is creating the action. For myself, I have found 4 key times of the day and/or events that initiate some of the best actionable Momentum moves.....so I do not take all the signals I see each and every day. I wait for Momentum signals within the 4 times or events that I have set in my trade plan.

Actually, I have no idea who's course you are showing that costs $2500 for momentum trading? Who is that and show a website link.....thanks. Also, the FulcrumTrader chatroom has nothing to do with Momentum trades....that room is for those trading supply and demand based Cumulative Delta methods.

I have noticed a good shift with all the Momentum price moves with follow through I have been watching in the market the past few months. There has been really good energy behind many of these Momentum moves and I have found myself working these type of trades frequently past weeks. The markets have provided many Momentum based opportunities in both Futures and Forex action......currencies alone have had brilliant moves. For those taking shots at these very robust set ups with solid follow through, what are your weapons of choice for targeting the action? Recent FED day trade example for a Momentum set up I traded -

Anyone here have experience with PFG forex feed? I found out a fair amount of small forex fund trading operations use this feed (hmmmm???)....anyone have an opinion? I can't stand PFG as a futures broker but I don't know anything about their forex side of the house.

Here was continuation of Momentum that same morning just out of 09:00 am news.....heck of a run on this move (in a market that was continuing solid buy strength). The Cumulative Delta differential of the Uptick vs Downtick of trades can be used to show building or dissipating Momentum during price moves.

I have been trading a lot of Momentum based set ups past months where I use Cumulative Delta of uptick vs downtick of trades (not volume) as a Momentum continuation confirmation tool. I always use the regular Cumulative Delta of BID/ASK differential to track shifts in the order flow (and look for order flow transitions), but also looking at the CD of the uptick/downtick info is good for confirming the effectiveness of the ongoing buy or sell strength (for Momentum based trade entries).

FIB based (uugh!) and the Forex Miami group seems to change their name and game about every month (watch out!)......at one point they where trying to pump that software for $5k......no thanks! For forex, build up some Renko or Heikin Ashi charts and the prevalent trends should become "visualized" to you.

Sounds good....thanks!

Both TS and MultiCharts have not yet done the proper work to be capable of Cumulative Delta BID/ASK differential work which needs the lower time frame resolution. We will see if these companies can at some point get it done. For robust pace of tape or trade intensity capabilities, you really need to dig into the trades per minute analysis as you measure at the sub second levels. The bursts of order flow you are looking to identify jump to trades per minute levels that are well above typical intraday rates of trade (well over 4 times the normal multiday average trade rate). Obviously a 40,000 contracts per minute rate of trade in the ES is never maintained for a full 60 seconds (per minute measurement).....but that rate of trade burst may last for 1 to 3 seconds (in single or multiple waves). This is actually not that hard to build for contracts per minute rates of trade, but all the signals you get is where the real work is involved (the filtering of all the various signals). I found one very robust filtering mechanism for the ES, TF, YM signals that I am getting ready to deploy, and I have found a separate filtering mechanism for most all other futures contracts (CL, DAX, ZB, TY, etc). Cunparis you are doing some great work and I think you will figure out some good methods to advancing what you have built so far.

Almost every equities prop trader I know is way down for the year or BAILED and has moved into futures or forex.......Equities prop seems to be at a diminishing crossroads of dirt roads these days. Futures and Forex have had good volatility and I don't see any changes soon, so this has been a good year for trading imo.

What is the VOLUME subgraph on your chart based from.....just uptick/downtick action right (no actual traded volume info)? TIA!

GREAT point Blowfish, and they really need to get the MP working properly for those who use that tool. Sub second tick by tick functionality is a MUST too, and I am glad you have brought up the potential technical problems to this discussion as I very much value your opinion!

BTW, if you feel having Cumulative Delta Volume capabilities within MC as a standard feature is a good thing that you would like to see as a trader, I would highly suggest letting them know first hand at this time; Send your email to.......... support@tssupport.com In the SUBJECT block of your email put............ Cumulative Delta Volume There is a critical window of opportunity right now imo to push this project and let the MC crew see the potential demand.

The main reason I do not do any back-testing in Inv RT Pro is the problem of taking what I have programmed and building it up properly in Inv RT Pro for potential back-testing. I am not a programmer, but those who program for me find it much easier to get my system concepts built in either MC or NT7. Also, I do think the back-testing capabilities in MC are more extensive than Inv RT Pro. Hopefully MC will correct the various issues and get robust tick by tick operations functioning properly for accurate BID/ASK differential tracking/tools......we will see! Can you imagine how many traders who currently use MD.com, Inv RT, or NT7 (with GomCD) would move over to using MC if they had a properly functioning CD capability mixed with easy language programming compatibility and decent backtesting.......WOW! I know of several hundred......if I was the owner of MC I would be working my crew full tilt to get this project DONE!

BTW.....anyone have this version of HA candlesticks for MultiCharts......TIA!

Your attached .gif pics are not opening up.....is there any way to set up your screen shots again so that we can see them? TIA!

So far they seem to be plugging away with the project, so next week I will see how they are progressing. Since the GomCD code (from Ninjatrader forums) is already out and available to the world I really don't know how this could be very difficult.....no brainer freebie for MC if they take the time to get CD built up as one of their standard volume studies. Funny thing, I know directly as friends about 11 traders who trade money professionally in funds and ALL of them have shifted to using this order flow information in their trading these days. Paying attention to the MARKET ORDER driven order flow has so many benefits imo and the code needed to track the BID/ASK differential is not at all complex......I am shocked that more charting apps do not take the time to add such a simple volume tool. Here is a short list of those well behind the power curve who do not have any proper CD candlestick volume studies at this time........... MultiCharts, TS, Esignal, Amibroker, Neoticker, Ensign, OEC, TOS, IB's TWS, etc. I am happy to report that TradeVec built up the ability to track CD as candlesticks in about a week and it is working perfect (with DTN.IQ feed) and I have attached a sceenshot of the DAX. As of right now, a trader can have access to Cumulative Delta CANDLESTICKS (OHLC plot) within marketdelta.com, Inv RT Pro, TradeVec, NT7, and Sierra Charts. In the works there are strong rumors that Tradestation is in full tilt mode to change their entire datafeed structure just so they can also add Cumulative Delta as a new standard feature for their platform (their current datafeed is the problem so that has to be changed first). XTrader7 XStudy already has the CDV (but only as a crappy line....LOL!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!) and CQG already has TFlow BID/ASK differential, so the writing is on the wall.....many futures traders are seeking access to these very important volume tools!

I have been using MC now for a few weeks with DTN.IQ feed and all has worked out very well....I like the MC charting app a lot. Now if they can just build up Cumulative Delta candlesticks with 30 days of backfill for BID/ASK data offered through DTN I will be ecstatic...... http://www.traderslaboratory.com/forums/f110/multicharts-cumulative-delta-volume-analysis-8311.html#post101847

No....I have been using TradeVec now for several months for my order execution platform and it has been working great. TradeVec does not yet have the back testing capability I was looking for so that is why I have been talking with MS.

Wow, this ended up in the wrong area of the site. TL crew....if you want to move this over to the Automated Trading section that would be fine with me.....or where ever you think best. TIA!

Wanted to give everyone here a quick update in regards to MultiCharts. I have been looking for a charting platform to do some light back testing and simplistic automated trading for some new set ups I have been developing recently. After a review of what options were available it became pretty clear that MC would be a good fit (and they connect with DTN.IQ feed which I must use for proper Cumulative Delta work). I was going to let everyone know that I have talked with MC and they are currently looking at building up the very simplistic code for tracking BID/ASK differential in the order flow for futures (Cumulative Delta Volume as candlesticks like we have with Investor RT Pro and some other platforms like NT7). If you are a MC current user and you want Cumulative Delta Volume within your platform then now is the time to chime in.

Yes indeed.......it would sure be nice if these various broker supplied feed companies could do what is needed from an infrastructure stand point and get their feeds set up for proper and accurate bid/ask tracking (why do you think I keep challenging them so much.....LOL!). Also, I have heard the rumors of Tradestation revamping their entire data feed and charting to exactly enable accurate bid/ask order flow tracking (by late summer).....I really hope this is true!!! The more companies working to add bid/ask tracking the better imo for additional options of charting and feeds to track Cumulative Delta.

.....and as I have properly stated, those broker supplied feeds are just fine for the non-bid/ask tracking needs of retail trades. I think I have been crystal clear in my complaints of the broker supplied feeds only in the category of proper bid/ask tracking. WOW....80%.....I will take those odds in a NY second! I have stopped trading for the month of June and I am taking a little break until July 1st....for the month of June I had double digit monthly returns in all my various accounts, so I have no complaints with the information provided by the bid/ask differential tracking (used for trade entry determinations). Using Cumulative Delta in all my trading has had a substantial dynamic expansion of my month over month returns these past years.....it has really made the difference for me.

So far from over a hundred traders I know using my developed CD based trading methods in the EU and other various countries outside the US, I have not yet heard any problems reported with DTN feed (as compared to the speed of TT Fix or zenfire used for the trade execution feed). As a matter of fact, the gentlemen who have developed the TradeVec platform (based in the EU) are currently using DTN as the feed to power the charting with their very well developed CD tools. TradeVec then uses TT Fix adapter feed for the trade Execution Zone to execute trades. I have not yet heard of any feed lag problems from the TradeVec crew and all their testing with DTN, but I will ask them Monday (I trade LIVE on TradeVec myself in the same configuration with vCap Futures as my broker........ TradeVec - Algorithmic Trading Platform | vCapFutures.com ). Hopefully if there is a DTN feed lag issue with some EU based customers this problem can be resolved with some combined efforts.....the TEAMwork approach usually has more leverage (Together Everyone Achieves More).

Correct....that may be possible (have no idea what would cause this for EU based traders though). BTW, I know many EU and Dubai based traders using CD trading methods I have developed (with DTN as their feed for CD work), so I will have to talk with all of them Monday to see what they are detecting.