Tasuki

Thanks Mr. Ed, sorry to drag this out, but what is his site and what is T2W?

Several recent posts have mentioned DbPhoenix's book, but I didn't catch the title or where to purchase it. Anybody?

James, no, it was not recorded by Reza (someone asked during the lecture and he said no). I don't know if anyone tried to capture it with Camtasia, but I doubt it. For one thing, the webinar was five hours long, so the resulting Camtasia file would have been very large, and I also suspect that everyone who attended was blindsided by Reza's incredible understanding of MP--I don't think anyone expected the kind of depth and insight that we were privileged to witness. Taz

Marsoup, Yeah, you missed the best webinar I've heard in a very long time. I've never heard of this guy, Reza Something, but his understanding of MP, and his ability to explain it, are definitely better than the Dalton's books, way better. He's got a finesse to Market Profile that is quite remarkable. Of course, the proof would be in a live trading environment. Not sure if he gives free trials to his live trading room. One downside I noted was that his prices are pretty steep for his services.

Here's a valuable tip I just picked up from a free lecture by Tim Morge. He explains the proper use of Schiff and modified Schiff forks. See attached chart. To wit, you use these alternate calculations when you see a near-vertical move from A to B. If you try to use the traditional calculation, you'll find that the resulting pitchfork does not well-describe the price action, because the vertical move has thrown off the usual ebb and flow of market energies. Hope this is helpful.

Great report, very prescient indeed. Ney is dead, isn't he?

Bannor, I was not suggesting that emotional equanimity is unimportant for trading. I was only dissing the "pop psychology" quiz that over-simplifies emotional responses into a two-dimensional test. For example, the quiz asks questions about how to best comfort someone in distress. To imply that there is a right and wrong way to approach this sort of delicate situation that applies to everyone you know is utter nonsense. Some people (like me) want straight advice, others need more circumspect treatment. Still others (like my boss) are incapable of understanding even constructive advice patiently delivered, and the only recourse is to manipulate them. Such complexity is not admissible in this over-simplified IQ quiz, which dubs it "pop psychology" rather than real psychology.

You guys do realize that this emotional IQ crap is a pile of hooey, right?

I remember registering for this MP class a while back, but now I can't recall when/where the class will be given Can somebody remind me, SVP? Thanks.

Waveslilder, See attached chart. This really doesn't belong in the thread on Wolfe Waves, but I don't know where else to put it, and it does address your comment. The whole business of tick count vs trade vol confuses me. I thought I understood it until I did a comparison of different charts, and I see that a chart set to tick bars looks the same whether you choose tick count or trade vol on that tick chart, and the same is true for share (volume) charts---doesn't seem to matter whether you set the volume to tick count or trade vol. Pretty puzzling, actually. I would have thought that a volume chart using tick count for volume would be the same as a tick chart using tick count for volume, but obviously not. If we're going to continue this, maybe we should move it to a more appropriate forum, I just don't know where. There's a forum for a review of Tradestation, but I'm not aware of a forum on TL just for discussing Tradestation charting issues. Maybe there should be one?

You're most welcome, Monsieur Ed. I REALLY wish we had a standard for chart-posting on this forum, whereby the poster (the person who is doing the posting) should: 1) include in the chart the contract name and type of chart (time, tick, or volume), as well as the values for the X and Y axes. You'd be surprised how many people leave those out...makes it near impossible to reproduce the chart with your own software and indicators. NOTE: the real value of chart-posting comes when the viewer can reproduce the poster's chart with their (the viewer's) own indicators, to compare how they would analyze the chart with their own system--then compare their analysis with what the poster is saying to see if the poster really has a good idea, or a valid spin on the chart in question. 2) vertical lines from the price to the volume. This is especially essential in VSA charts. It helps the viewer see which bar the poster was referring to when they say such and such bar represents no demand, low volume test, a squat, etc. etc. etc. The vertical line is just a courtesy to the viewer. NOTE: from my perspective, it's not so valuable just to post charts willy-nilly, throwing out to the public just anything you come across. Traders Lab is an educational site in which we help each other, and to that end, it is most useful to present your charts in a way that makes your message as easily understandable as possible. 3) Salient points in the chart should be marked on the chart if possible, not merely in the text. Again, this helps the viewer's eye grasp the poster's message quickly and clearly.

Yet more charts of PP's. Pity that he deleted all his hard work. Why on earth would someone go to all that effort...oh never mind. Here are a few more of his best charts, with a few notations by moi.

more charts from PP, snagged from the original thread. I found them so useful I saved them. Hope others find them as elucidating.

Check out attached chart. In this new (and improved?) second thread on VSA, I'd like to advocate that we spend a little time each weekend and analyze the major charts for the following week---maybe give us all a heads up. Here's my lame contribution for this week--looks like we have a successful test (low volume down bar, attempting but failing to go down to area of previous supply). This would suggest that maybe the January lows will hold and we'll get an up-week next week. Anybody care to shoot me down? Please feel free.

Thanks, Bubba. I didn't know the old 2000i terminology. Out of sheer curiosity, why pick the number 13,700? Anything special about that setting?

bubba, I'm trying to reproduce your chart, but I can't get it to work. I've got Tradestation, but I can't find any setting for "Vol Bars". To me, volume bars in Tradestation are "Share" bars", and if you start with "Format Symbol" then go to settings, and click "volume" you get a chart that is labelled as "Share Bars". Furthermore, on the ES, 137 share bars would be WAY too fast to be useful. So, PLEASE tell me what you're doing to get "137 Vol Bars" on Tradestation? Could this be a new feature in version 8.3? (I'm still back on TS version 8.2). Please explain! Thanks, Taz

Waveslider, that's a most original pitchfork! Here's another tip for drawing pitchforks. If you find that one (or more) of the pivots you want to choose for drawing your pitchfork is actually a double top or bottom, then USUALLY the first hump will be the better choice. See attached chart. Something else you should notice from that chart is that pitchforks can provide pinpoint accuracy for targets, even on a weekly chart. Pretty amazing.

Here is a post from someone named casey on the Tradestation World forum. Unfortunately, it's written in Geek, so I can't really understand it, but his bottom line is worth noting for those of you who like to trade with the Matrix: "Matrix definitely has issues. It appears the data transfer to the window involves the message queue and a simple price print with no bids or asks can generate 12 messages in addition to the normal wm_paint message. Jiggle the mouse and for each incriment of movement you get the same flood. - At any rate, the matrix window message queue is being flooded with TS programatically generated messages when it is designed by MS to facilitate user input. Message handling is an expensive operation and i suspect this is causing most of the issues with the matrix window type. The chart windows operate normally - probably since their data is transfered differently and their message queue is used in a more standard MFC fashion. So at any rate, not much you can do, but would suggest that you only let the mouse enter the Matrix window when you intend to do something right then. Or be carefull not to touch it until you are ready to click."

https://www.tradestation.com/Discussions/Topic.aspx?Topic_ID=73175 [edit: damn this link's not working---if you go to the main forum page: https://www.tradestation.com/Discussions/Forum.aspx?Forum_ID=213 you should be able to find my thread under: category: order execution Type: possible bug version: 8.02.3896 Hope that'll get you through (you still have to be logged in to the TS forums to access it). For those of you who subscribe to Tradestation World, I've started a thread to address the issue of slow fill time on TS matrix. Please add comments there if you care to do so--they'll be seen by Tradestation management (I presume).

I gave Neoticker a serious try for a full month. At the end of it, I was convinced it was not for me. The creators are Chinese, I think, and their understanding of trading appears to be as limited as their understanding of English. The program is designed in a very idiosyncratic way, and does not lend itself to just poking around, trying this and that, until you figure it out. Support is not non-existent, but it is very slow compared to other platforms, and not of very high quality when you do get it. Neoticker is not organized in a way that works for me---for example, I really applaud Tradestation's architecture of desktops and workspaces. Neoticker does let you associate charts, but the organization structure is very weak, compared to other platforms. Neoticker does have a feature that some people like, namely the ability to replay an entire day with all charts, time and sales and level II all working together. However, setting up this replay feature took an inordinate amount of time---on several occasions, I waited 45 minutes for the required charts to load. After a while, I realized that this feature just isn't worth the headache. Someone who likes Neoticker said that the learning curve is very steep, but if you persevere, the program has a wealth of options. That does appear to be true--there are lots of charting options, for example, that are not offered anywhere else. For example, in every charting package you can create daily and weekly charts, but only Neoticker allows you to create a chart where every bar represents 2 days or 3 days, or whatever you want. Not exactly sure why you'd need such a chart, but there it is if you want it. For my trial, I used eSignal, and it worked well, after I got the bugs worked out--connecting a charting platform to a data feed always takes a little work, but I heard many times that, while eSig works well with Neoticker, the other datafeed options they offer do not work anywhere near as well. Anyway, there's one person experience with Neoticker.

zdo, Thanks for your reply. I think I have a idea why your pitchforks may be working intermittently. The markets, of course, alternate between frenetic activity (e.g. early this week) and sluggishness (e.g. the latter part of this week). With time-based charts, this push-stop-push-stop action is captured faithfully, so the charts move in fits and starts. However, when you use tick charts or volume charts ("share" charts on Tradestation), the market's jerky action is smoothed out, and as a result, pitchforks work much more reliably. I think that the reason for this is that pitchforks, by their very design, capture the energy of the markets, so if that energy is smoothed out, the results are more reliable. On the attached chart, you can see that my pitchfork is still working. It has a pretty steep angle, which I would have thought might make it less likely to be a valid fork, but the market is still respecting it.

Thanks, Bryan. So, TTM finally got permission to use something. Well, that's a step in the right direction. Taz

Please see attached chart. This comes from the free video that TradeTheMarkets puts out every night. They're selling, for $499, an indicator which they call "TTM Delta Divergence". It looks suspiciously like the bid-ask indicator that is shown on this thread. Are they the same? Are Hubert Senters and John Carter selling, for nearly five hundred dollars, an indicator that's free on Traders Lab? Or is there some difference?

Ok, hopefully my chart will upload now that the thread's been started.