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Yader
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I'm looking to begin calculating Willain's "Effective Volume". The jist of it is that he offers a way to distinguish what the big players and institutions are doing using 1 min data. The time frame analyzed is much smaller than what it's used to trade. Value in Time is his book. Find it here: Amazon.com: Value in Time: Better Trading through Effective Volume (Wiley Trading) (9780470118733): Pascal Willain: Books
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I'm trading a $7000 account. Started with $3000. IB and Tradestation just don't make much sense for me right now with my account value. I'm mainly a swing trader and use Firstrade.
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Hi all, I'm new to using software (excel) to perform my own data analysis and haven't a clue where to start, or even search for information regarding it. Definitely not new to trading however. What I'm looking to do is get the 1 min open/close/hi/low and volume of any given stock and download it to excel for my own analysis. I would like to get at least a months worth of 1 min data. Do I need to purchase a data feed for this or can I find it free? What do you recommend? Also, are there any intermediary programs needed? Thanks for getting me started on this, much appreciative.
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Hi all, I'm new to using software (excel) to perform my own data analysis and haven't a clue where to start, or even search for information regarding it. Definitely not new to trading however. What I'm looking to do is get the 1 min open/close/hi/low and volume of any given stock and download it to excel for my own analysis. I would like to get at least a months worth of 1 min data. Do I need to purchase a data feed for this or can I find it free? What do you recommend? Also, are there any intermediary programs needed? Thanks for getting me started on this, much appreciative.
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Hey everyone, I'm still plunking along. Right now I'm trying to figure out what to do with laterals and gaussians. A few questions in my head are: 1) Can I have a full gaussian r2r2b2r (or b2b2r2b) in a lateral? 2) Can I have part of a gaussian sequence in a lateral say r2b?, and 3) Is a lateral simply one leg (just r, or just b) in a larger gaussian sequence? Any examples for me to pick apart would be greatly appreciated, or a link to somewhere where this has already been discussed (in the 200+ pages). Hope the redundancy is not too annoying. -yader
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My eyes are beginning to see the gaussians. :shocked: FWIW I think I'm able to see the traverses and channels better right now, a third is hard to see, I can make two work. I can make out parts of the tapes but haven't figured out how to piece them together quite yet. The volume hangs me up a bit. I've been able to go back through my charts of equities with this approach and using gaussian volume sequences I can now see why some of my trend lines that I had drawn in the past failed. It's really not about price, it's about volume! Volume will dictate the price you could say; and until the volume resolves itself the price is going to follow. <-- This is why some of my trend lines that I thought should hold did not, the volume was not there to support it! Very helpful. Thanks Spyder and many others who I've been able to watch and learn a little portion of this idea from. I'll keep refining; think I'm on the right path. :beer:
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TD Ameritrade can do it with thinkorswim. Ticker is @ESU10. Cool and thanks!
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When you say RTL and LTL are you now talking about merging the individual tape pairings into trends or are you simply saying when drawing in the tapes for individual pairs to start with the RTL tape first and then move on to the LTL tape? If I might show my ignorance could I also ask how the LTL is to be formed? Is it simply following what one would do for the RTL (connect the bottoms/tops) or is the LTL formed by duplicating the RTL and placing it at the opposite end so they are parallel to each other? Much appreciated!
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OK, I am thoroughly confused. Let's start with something simple: Can you have a sequence like b2b 2r2b 2r2b2r2b? If not, why? 'Nature' a fair answer for me if not. Are all sequences either of the form b2b 2r2b or r2r 2b2r? If so, which is the correct view of the interchange between sequences b2b 2r2(b2b) 2r2b (that is an overlapping uptrend where the paranthetical b2b represents the end of the first uptrend and the beginning of the new uptrend) or would the correct sequence be two separate uptrends meaning b2b 2r2b (2) b2b 2r2b? Does that make sense? Hopefully someone can clear my head, please direct me to a post elsewhere in this thread if this has been covered already. TIA!
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Hi Spyder, Here's my first attempt at tapes. I've read a fair amount of the thread so far, over and over again and I feel I've got a fairly decent idea of how to apply the tape pair (or more for lats). In the attached pic I've noted tape pairs that are not either long or short pairings. Only found one lateral, no hitches. This chart is today's. Comments? Wanting to learn to crawl before walking. Thanks!
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Hey all, I've traded equities for a few years now, swing trading mostly, the use of 5-min charts and real-time quotes has not been a priority. I've been following the PV thread and would like to begin getting in on the discussion. To do so I need the 5-min ES chart. I don't care too much about live feeds, I would just like the ability to have the volume and price on one chart and the ability to annotate. Is there software out there to do this? I've checked out NinjaTrader but I've got a mac. Can I get a 5-minute with delayed quotes for free? Thanks all!
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Thanks for the TS recommendation. I took a look at their site again this morning. Here's a little more information about what I'm looking to do. So far my trading experience has been a hodge-podge. I've found I don't like massive amounts of digging trying to uncover fundamental longs. Nor do I care to earn a degree in finance, although I can read basic financial reports and regularly do my own DD on Edgar. I don't have the time to day trade as I do have a fairly demanding non-profit that I direct. In the evenings I get time to check over the market and so with well placed stops I feel relatively safe not being able to monitor the day's activity. Swing trading seems to be my forte and I seem to have a knack for shorting. That being said, everything I've done so far has been manually done. Each trade has been evaluated on it's own merits taking into account as much information as possible. This unfortunately leaves many decisions up to my own bias at the moment. I'd like to continue to minimize my subjectivity, although I do feel I'm well disciplined. Ultimately what I would like a program to do is scan say 100 stocks of my choosing and give back buy and sell signals based on set parameters of my design. They're going to be pretty simple parameters to start (eg: buy on the 6 day MA crossing the 12 day MA when stock price is above the 50 day MA, sell when the 6 day MA moves below 12 day). Before using the buy/sell parameters of my choice I would like to backtest it on the S&P, Nasdaq, and individual stocks so for the past 30 years. MY parameters may stay quite simple or they may get more complicated, that'll depend on what works I suppose! I'm only trading with a small amount (~5k) so I'm not looking to spend a massive amount in commissions, nor am I looking to trade 5000 shares/mo. TS seems a bit prohibitive with an account of my size. I would like the ability to learn and figure this all out and come up with a system I'm satisfied with before beginning to trade with it. What's everyone's opinion?
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Hello everyone, 26 from WA state. Been in the market for oh, 3-4 years. Have a biochemistry degree, enjoy charts, indicators, inferences, etc. Don't use the biochemistry anymore but the artful science of it still lives in me. The market is a great outlet for it. I took the first 7-8 months to read and learn and watch the market and paper trade. Then I jumped in and well 2007 came along. I take it as a great learning experience to have first hand experience of what craziness looks like. Glad I had some money management ideas in my head at that point. Currently I'm reading "Technical Analysis" by Kirkpatrick and Dahlquist. It's alright. Great overview, and I mean overview. Not much in the way of trading strategy. I find the book nearly humorous. Came out somewhere between 2005 and 2007, before the crash. So sure they are that we were not headed for an implosion. It really has solidified in me that markets are not always rational, they do not "behave." Systems will not work in times like these unless you're going with market direction. That being said I'm highly interested in systematized trading. I'm afraid at this point that TS is a bit out of my price range. Anyone have suggestions as to what I could use to get started? So far all I've known is stockcharts.com, freestockcharts.com, and thinkorswim. Look forward to getting to know everyone!
