BlowFish

Indeed it is true. A couple of weeks ago the CFTC announced they are suing 14 brokers. http://www.cftc.gov/PressRoom/PressReleases/pr5974-11.html FXCM have a class action lawsuit going on http://www.globenewswire.com/newsroom/news.html?d=213350 Hopefully it is the begining of the end for these FX bandits. At least there are real brokers offering real direct market access now. That alone is a big change to how things where.

Myth #3: You need expensive software, subscription clubs, or courses to master VSA. There are less than a dozen fairly simple principles to master (though a certain famous software package simplifies them into 450+ indicators). The definitive source that has all the information you need is Toms original book. Eiger nice to see you posting again. This was not directed at you though I do see you are doing the odd gig for the 'TG evil empire'. Still better that it's you than the professional marketeer and master, ninja, expert in his own under pants.

You can with the PVP indicator in the indicator section. I posted one which does not use ADE in a thread somewhere. Can't remember where exactly.

They would just trade elsewhere, somewhere there is not 50% tax. I trade US and pay no tax there due to a tax treaty with my home country.

Indeed it did. Though to make it better than perfect a link at the top right of the page (where it was) and at the bottom right would cater to every eventuality

InterBank FX did not sure if they still do.

Well I guess as Tams suggested it is a shameless attempt to drive up homepage hits? It should not be on the homepage it should be where you read threads. What are you guys thinking?

Hi, Thanks for the suggestion but I have had the original paper copy of Tom's book since it was first published. In those days he was happy to take telephone calls to discuss the concepts too which was a bonus! As for Tradeguider it is my view that you do not need expensive software to convert less than a dozen simple principle's into 450+ indicators!! As for 'professional salesman and marketing expert' GH personally I can't sit through all the hyperbole and misinformation on the off chance of a pearl being buried in all the ...... It is worth trying to track down Sebastians videos (there used to be a couple here). Again just to reiterate tick volume on forex is constructed from quote changes not trades. If that works for you great stuff!

If you have positive expectancy trade small enough that the law of large numbers works for you. If you don't have positive expectancy go all in before the law of large numbers works against you. If you are 100% sure you will win go all in using the most highly leveraged instrument you can find, borrow money against your house, from your family, sell a kidney. Alternatively learn how to calculate risk of ruin (RoR), then you will be able to decide for yourself with some confidence.

Actually when I said 'why add another hurdle' what I meant was if you are using an approach that requires volume then why on earth trade an instrument that does not provide that information? There are those that claim to enjoy some success using VSA principles on spot. As there is no volume on spot one has to wonder whether it works for them because of VSA or in spite of VSA?

I should have been clearer, the one that is really arduous and requires a return to the homepage is the is the 'xx unread threads link'. I read a thread then click on that for a new list of new threads. It used to be top right of each page but now you must go back to the home page to get to it. As I think Tams mentioned it is possibly a rather shabby attempt to increase home page hits. It is certainly something I find unacceptable rather than annoying.

heheh. You know as I posted it I though 'wow save a click sounds so petty' but actually its quite a big deal, even more so on a mobile device and/or if you have data charges.

No one supplies real volume information not just the MT4 brokers. That is because it is just not available. What gets reported as volume is based on bid/ask changes not actual trades. It all comes down to whether you think changes in quoted prices is a good enough substitute for volume? Why add anther potential hurdle to your success?

That looked mightily familiar for some reason. Mind you I wrote a big chunk of the PvP indicator for DBtina... actually I took a big chunk and made a small perfectly formed chunk This works for me without ADE. It averages the data across the bar so you do not update it every bar (like Ensign and Jerry's original stuff) it does a couple of other funky things too like variable number of days, old pvp. It has some comments but was kind of 'lazy' code maybe that will help you get a handle // // PvP Averaged across bar. Set update at end of bar true. // See PvP Tick Precise version also // Input: PlotOldPvP (false), NumberofDays (1); vars: n(0),m(0), StartPrice(0), // Price corresponding to first element of array PVPPrice(0), PVPPrice1(0), PVPPeakVolume(0), PVPIndex(0), //Index of the peak (highest) volume array element PVPArraySize(3000), //Set to Array Size PVPArrayMid(1500); //Set to Array Mid Point Array: PVPVolArray[3000] (0); //Make sure this matches Array Size if BarNumber = 1 then n = NumberofDays - 1; //Make sure to reset on first bar if (date > date[1]) or BarNumber = 1 then begin //initialise n = n + 1; if n = NumberofDays then begin For Value1 = 0 to PVPArraySize Begin PVPVolArray[Value1] = 0; End; StartPrice = l; PVPPrice1 = PVPPrice; PVPPrice = StartPrice; PVPPeakVolume = 0; PVPIndex = PVPArrayMid; //PVPVolArray[PVPIndex] = Volume; n = 0; end; end; Value2 = l - StartPrice; //price in relation to starting price value2 = value2 * (1/(MinMove/PriceScale)); Value2 = PVPArrayMid+Value2; value3 = (h-l) * (1/(MinMove/PriceScale)); // number of ticks l -> h Value1 = Round(Value2,0); //shouldnt be needed as not adding to average price for m = Value1 to value1 + value3 begin PVPVolArray[m] = PVPVolArray[m] + Volume / (value3+1); // +1 as as zero ticks should be vol/1 one tick vol/2 etc. If PVPVolArray[m] > PVPPeakVolume Then begin // new peak volume? save it PVPIndex = m; PVPPeakVolume = PVPVolArray[m]; PVPPrice = StartPrice - ((PVPArrayMid - m)*minmove/PriceScale ); end; end; Plot1(PVPPrice, "PVPavg"); if (PVPPrice1 > 0 and PlotOldPvP) then Plot2 (PVPPrice1, "PVP Yesterday");

For sure! I'd also like to see the unread posts box back top right on each page rather than just the home page. Saves a click and a load moving from unread thread to unread thread.

I am Trialing Sierra now as a potential candidate to hold me over until MC deliver there cumulative delta offering. There are some quite sophisticated tools that seem pretty darn solid so far. The Cumulative delta just works (what more can you ask). Not only does it have delta it has a footprint style chart too. I'm pretty impressed all in all. I have also have had a look at how to program your own studies (albeit briefly) initial impressions are that it is fairly flexible and not too onerous to learn. My biggest criticism so far is the UI ....sure I am not too familiar with the layout but some things are just a bit clunky. It also allow you to 'drive' one chart with a study off another. I am starting to get a couple of creative ideas there though am not sure if they are feasible (as an example use cumulative delta to drive P&F and end up with something like OFA)

Add something like this at the start of the main code loop:- (NumberofDays is an input) if date > date[1] then begin n = n + 1; if n = NumberofDays then begin s = 0; n = 0; VWAP1 = VWAP; SD1 = SD; VWAP = 0; SumWeights = 0; SumWeightsOld = 0; VWAPOld = 0; end;

Hopefully in before the extended deadline. Q1 SPX 1230 INDU 11050 COMPX 2700

EDIT: Never mind I see it has been asked and answered already.... my bad. There used to be a pull down on the UserCP that was an option to quickly mark all forums read. Can someone tell me how I accomplish that now, I can't find it in the control panel itself, Cheers.

It used to be on every page pretty much. There is still space for it personally I'd like it back it was pretty convenient. It now means extra clicks to go to the home page then click the link. Really that's a no no (especially on mobile devices) Please restore it!!

It's a philosophical issue rather than a programming issue. Wait for HTF close or don't the choice is yours. Use a slightly shorter period for the HTF is a possibility. It's the age old trade off, enter on trigger or wait for confirmation.

It makes me chuckle that people sell stuff like this, I guess it helps those that have no interest in modifying the code themselves. Maybe I should simply post all my VWAP SD indicators which do all that and more:) Anyway bomber there will probably be a line like if date > date[1] then Remove that and you will get a non resetting distribution. Keep a count of days and (pretty trivial) to have an N day distribution.

Good to see you are still around Jerry!

He won and lost fortunes several times. One of the greatest lessons is how not to approach risk and position sizing. It is crammed full of lessons and wisdom not only in the accounts of his successes but of his failures.