quinn123

Hi, I'm writing and AFL to make my own tick indictor. This is general formula for the tick indicator: if (last tick) > (last tick[previous]) then tickx = tickx + 1 else tickx = tickx - 1 I just need to get that into amibroker... So far I have only been able to make it time dependent: AddToComposite(IIf(Close - Ref(Close, -1) > 0, 1, 0), "~Adv", "X" ); AddToComposite(IIf(Ref(Close, -1) - Close > 0, 1, 0), "~Dec", "X" ); Buy=Sell=0; This code just looks up previous close one period before, so if you can AA scan on 5 min timeframe it would look back 5 min and get that close. What I need is to just get the previous closing price on the previous tick. I don't want it to be time dependent. i just want to know if the current tick is an uptick or a downtick. Uptick - last price higher than previous traded price Downtick - last price lower than previously traded price Level tick - no change Does anybody know how to get the price of the last tick in amibroker? Thanks this is doing my head in.

You answered my question, because I was mainly wondering if the thinly traded hours could create support or resistance for the regular trading hours (RTH). And I think the obvious answer is yes, but its not going to be as significant as a major support area on the previous days RTH's, where there would be a lot more buying going on. I use daily, hourly, 15min for background then trade on 5/15min bar chart. Cheers

Hi, I'm from Australia and trade DAX, FESX & FTSE100 in evening. Do you guys/girls remove the thinly traded sessions from your charts? So you only see the regular trading hours? Or do you prefer to keep the whole session up for the DAX, FESX & FTSE100? Cheers, Quinn

Do market makers test for supply by marking it up? I know an official test is done by quickly marking it down into an area where there was previous supply. Then they withdraw there interest to see the result. If the bar comes to finish near its high on relatively low volume you can assume there is not much supply present. If the next bar is up, it confirms the lack of selling pressure. You can also have a failed test if the test bar finishes on its low on relatively high volume and / or the next bar is down suggesting supply is still present. Now the thing that is confusing me: do market makers ever mark prices up to search for overhead supply? Am I just stuffing around with the terminology here? Should I just be calling this a mark up bar or something? I commonly see a stocks price quickly marked up on the open then they withdraw there interest, sometimes picking it up in the afternoon. This is in the mark up phase of accumulation (the last phase). If you were a market maker would you ever mark up price to test for supply? It's not really a test is it because a test is rapidly marked down, usually on the open, then they withdraw there interest to see what happens. I think I have been looking at this the wrong way, if you marked it up in the morning, then waited, and you started to see some selling pressure enter the market, you may as well withdraw and let the price fall as far as it can so you can pick it back up again, especially if there is bad news. Anyway the question is: do market makers ever test for supply by marking the price up? Thanks, Regards, Quinn

What do you want to delete The Dude? I assume there is going to be heaps of different bots out there. There are probably market making bots, accumulating bots, distributing bots & scalping bots and many more etc. They are probably always going to be changing and I have already figured out that you are not going to know exactly what the bot is doing. If you did the bot would become useless. From what I have read most bots are just distributing stock at VWAP rather than undertaking some manipulative move. So is it worth even researching into this? I don't think I'm going to bother, it will still be on the chart in the end of the day. They can play all the games they want by placing and pulling orders, but if they buy or sell, it will show up on the chart and they can not hide that. So I don't think I'm going to look into this further, unless someone can convince me otherwise. I don't really see how it matters if its a bot or a person buying/selling.

Redbacka what your saying makes complete sense but it confuses some of the VSA concepts I thought I had clearly in my mind. You said a): If the Bot ticks down on low volumes, it is testing to find where demand enters the market. When they discover demand, the Bot buys. Is this equivalent to a test or a shakeout or neither? So I assume the bot is accumulating because it is buying? Isn't it bad business to buy when others are buying? Wouldn't you go broke? I thought If you had strength in the background and you were in a possible accumulation phase testing was done to test for supply? E.g. If there was a bar in the background where there was previously a lot of selling the professionals could "test" those levels to see if the supply was still present? Then if you had multiple tests of those levels with progressively decreasing volume you could assume there is less supply present (the floating supply has been removed). You might also get a no supply bar which is like a test but there is only a speck of volume (no interest in the downside). They could also do a shakeout which is more of a push down to scare longs into covering their positions or hit stops etc. But what your saying is that this bot is pushing the price down until it finds demand then it starts buying? It makes sense that if you push the price down below value you will find demand though. You also said b): When the Bot is ticking up, again it is testing the market to find a level at which supply enters the market. The Bot then sells into that supply level. Is this equivalent to a no demand or upthrust bar or neither? This does seem to me like a no demand test? But back to front. Usually in a distribution phase (which I assuming is happening if this bot is looking to sell stock) I thought you get no demand bars which are up bars with narrow spread on low volume. I suppose the bar you would be describing would be initially marked up but would be more of an upthrust. Once people start buying it dumps. I don't understand why it would start selling when supply hits because I thought that would be bad business, very bad business in fact. If I had a bot and I wanted to accumulate some stock I would want to know if there was going to be any supply above me rather than demand. Because working through a lot of supply is going to be expensive, but I can create the initial demand, and I know when good news is coming out so I can distribute once it is released. I don't know much about bots though. Anyway the above statements have confused me. Can someone please explain this more clearly?

Hi, I trade futures and stocks and I want to check for significant news releases. I do not want to read the news I just want to know when it is being released so I can decide if I should alter my trade (or trade at all). Is there any type of news that I should be especially aware of? Commodity prices etc. when trading futures? Or Should I not check for news at all and just concentrate on trading naked? (I use VSA & Wykoff methods with S/R/trend lines). Thanks, Regards, Quinn

Thanks Youri, I understand what your saying. I havn't had any experience with futures or forex, only stocks. I think I want to give futures a go; maybe the HSI or STI. Thanks, Quinn

Hi, good replies very informative. I was wondering what do you regard as the best intrument for your daytrading during Australian (ASX) hours (or near to)? It might be a stupid question but what intrument is the easiest to make money in? For e.g. Australian stocks are fairly difficult because of the narrow spread during the day as previously mentioned in this thread. Do you prefer: - forex; If forex which currency? - futures; If futures which indexes? - commodities; If commodities which commodity? - stocks; If stocks which type of stocks? Pennies or Bluechips etc? Cheers, Quinn

SIUYA, Thats funny that you mention MIM because I'm a geo and work around the Mt-Isa Cloncurry region, close to the ground Xstrata took over from MIM. I get what you are saying, and it helps putting it in context like that; good story either way.. YOURI, I agree that trading ASX stocks may be tuff, and I think it might be best to take your advise because why make a tuff job even tuffer. Do you only trade the SPI at the moment? Will you sit there any only trade one instrament the whole day? Also what broker and platform do you use for this? KIWI, thanks for the advise and links. Are there any other IRC channels worth being active on? Is it really worth being active on an IRC channel at all? Cheers for the replies

Hi, I'm going to be daytrading ASX listed equities this summer (in Australia). I have been active on this forum for a good year now, although not posting very much but just reading. I have read the whole wyckoff forum plus DBpheonix E-book, the day traders forum etc. and have found this the best source for information in regard to trading by pure price action. I'm at the stage now where I have some setups that I have defined such as; rectangle bases, hinges, trend continuations, false breakouts etc. Are there any setups that you regard as your goto setups in certain markets? PM me if you like. One thing I'm a little worried about is alot of my setups are based on support/resistance, price action and trendlines. I'm worried that support and resistance trading could be dead? I know a lot about how the market functions, and why support and resistance occur (increase of trading activity around important "price" areas - areas significant to traders currently in a trade or looking to get into a trade). One of my worries stems from the fact that usually on the other side of S/R there is usually a lot of stops, and it is not difficult for a bigger fish to push price past these important levels to gun for stops. I have even manipulated speccies by spiking past areas of important resistance to force a fake breakout then unload. I'm thinking now what is really important is whats in the price action (the background), what are the other people in the trade thinking, what will they do at this S/R level etc. I see this as almost being discretionary, but also having some basic setups that will hopefully increase the probability of success. I surpose what I'm talking about is judgement gained from experience. I would appriciate it if some of the pro traders could comment and put some of my fears to rest. Cheers, Quinn

hi, I started a forum thread asking where DBpheonix was but I still havn't recieved any replies. :helloooo: Can somone please contact him and tell him to come back to this forum. His contribution is being missed. Quinn

Hi, does anybody know where DBphoenix has been? Haven't heard from him in a while. Cheers :thumbs up: Quinn

Just continuing on with the subject of this thread; Would someone be able to give there VSA analysis of AGO Atlas Iron (ASX). It seems to be capped lately. I'll attach a chart but your probably better off using your own chart package for the analysis. Cheers