BlowFish

Just because your local connection is OK there could still be routing issues across the internet, they tend to be sorted quite quickly. How long has the problem persisted? Who's your broker? I would get them on the case even if it is not directly their issue they should take responsibility for getting it sorted out.

You need to look at it from the other side imho. Ask yourself what sort of size moves do I want to identify and trade? This determines your box size. How much 'confirmation' do you require? That determines your reversal size. i.e. if you are trying to capture 100 point multi day moves a 1 point box 2 point reversal will not serve you well (an vice versa). There is no magic calculation just as there is not a magic bar size for time based charts. Its a data sampling issue. You need to sample the data in a suitable day to reveal what you want to see and filter what you do not.

They are quite similar to be honest. I would at least start with US. It does have a few typos and editing errors (maybe fixed in later editions).

What are you using for charting bathrobe? Personally I find graphical representations like this much easier to look at than the constant flickering of the DOM.

Some people trade without even that, they simple trade from keeping an eye on what the price is and what it was!

[quote=aaa;103508 The Ultimate Professionnal way ( Is anybody does that on this site ? ) is 2 use a computer with a fresh OS installed & free of any software except those needed 4 trading With Virtual Machine (VM's) becoming ubiquitous the 'clean machine' can be an image that you can execute anywhere. Lots of creative options with VM's I am a great believer in 'broker on speed dial' if things go bad it will always be quicker than any hi tech solution. I still have trading software on a few machines round the house but I don't bother to keep them that well maintained & 'clean' any more (I used too).

I wrote something for tradestation once, to be honest it wasn't that good I just wanted to program a state machine in EasyLanguage. That part was pretty good (even if I say so myself) Another feature was to allowed easy addition of price and volume rules with simple high level statements. The EA one was not too good when I looked (ages ago) but there are guys working away on it. What amuses me is that tradeguider has simplified less than a dozen principles into 450 odd indicators My advice would be to get Toms original book read it a few times to understand it then hand annotate lots of charts until you get it. There is some good information in the two (or is it three) massive VSA threads here though there is quite a lot that is not (imho).

<DOH> Strike all that I, was thinking of the order flow analysis people (OFA). Having said that I have always liked what Sam Seiden has had to say, personally if I was to take a course I'd wait for one he was leading.

Ooo having something to plagiarise might just be the impetus I need

I have been known to write the odd bit of code I might do something in EasyLanguage (Used by Multicharts & Tradestation) to construct and track virtual boxes internally. The main reason would be from the point of view of a completely systematic strategy. I am not really a system sort of guy though have no aversion to moving in that direction.

I guess it is rather petty, moving threads would suffice.

I'm sure I will be corrected if I am wrong but I believe it is a re-branded version of IQFeed. I guess all the comments about that are pertinent provided DTN are managing the whole thing on the same ticker plant and infrastructure. I too quite like Ninja though the charting is OK but weak for some applications. They missed a great opportunity to re-architect some of the core components with V7.0. The obvious one being the database it's sad people still need external user supported databases (Gomi) the other thing that is needed is to be able to build charts tick by tick from historic data. To be fair several other charting packages suffer from these issues, the smart developers realise the limitations imposed by these archaic architectures.

You must also watch how the order book reacts to the prints. Are resting orders on the side that is being hit pulled or are they standing firm? Perhaps they are even being refreshed? How about on the other side of the book are traders bidding up to support those hitting the 'wall'? What about a level or two outside best bid and best ask? One other thing that is very important is the 'pace' what is it like? Is it changing? It is all as much art as science imho:) As with most aspects of trading one thing can appear to be happening......until it's not. On this sort of scale this change can (and mostly does) happen in a split second. On the plus side a 'failure' (e.g. a level that looked like it was holding breaking) is often an opportunity in the other direction. Actually it seems that the opposite is quite common, a level appears to break, price moves a few ticks beyond only to be offered back down and the 'wall' to firm up again. I should say I am no expert but I always have a DOM on the screen to enter orders so over the years have spent many, many, many, hours watching it.

Hi Winnie, Yes I am using multicharts. First thing I have noticed is what I believe to be a small bug in how it plots, nothing too bad and I have let them know. I am not too sure how easy language will work with P&F, I plan to see when I get some time (maybe not for a while). It would always be possible to write a strategy keeping track of reversal and pullbacks in your own code. It may even be possible to do something with range bars (which have similar characteristics to P&F). What software are you currently using?

If you want quick results with the minimum fuss you could do worse than Tradestion or Multicharts (Id go with the latter). The hurdles you will face are learning the structure, api and conventions of the platform you choose. I have programmed MT4 the obvious choice (to a lesser extent admittedly), Ninja, NeoTicker, Ensign, Metastock and probably a whole bunch more that I have forgotten. Easy Language (used by Multicharts & Tradestation) is hands down the quickest and easiest for having something running quickly. What might take hours to days in some environments can be done in minutes to hours in EL. Not only that there is a vast amount of code in the public domain to draw upon. Of course if you want to develop skills you want to leverage elsewhere then that's probabbly not the best choice. If you want to do high frequency stuff or order book analysis (or other tricky stuff) again I would probably give different advice. If you just want to get the job done without much fuss (you want to concentrate on trading right?) then you could do much worse than EL.

I'd forgotten how un-ambiguous and clear P&F charts can be, especially deciding S/R and direction. Just for fun here is a DAX chart for today (so far).

Not sure if this is the correct section to post (which is ironic when you read my query). I notice more posts requesting indicators in the indicator section (which is obviously for posting indicators). No biggy really. I wondered if it is easy to prevent starting a thread without an attachment? Probably not and it might aggravate users. A more practical approach might be to require moderator approval to start a thread. The real low rent option is to for a moderator to simply move off topic threads to general. As I say no big deal but is starting to irritate enough for me to post this.

Hi Jon it has been discussed before (possibly in this thread) in my opinion 2 is by far the best option. You can use 'tick' data but they are not even real ticks in spot FX. They are actually bid ask changes they are not even actual trades couple that with the fact of the trillions traded every day the vast majority is not reported on any exchange or ECN and you have a shaky foundation at best. I knew a jobbing bank trader (he worked orders for customers rather than taking speculative positions) he traded yards at a time (a yard is a billion units of currency) and it was all done on the phone nothing shown on any tape anywhere. Some people claim to trade spot successfully using VSA, I am sure most are bonna fide (Tradeguider being the exception, there motivation is selling goods and services). It does call a few things into question in my mind. Is it because of VSA they are successful or something else? Is the price action part of VSA (the spread and close) the thing that makes it effective? Is VSA effective at all? Surely it is more effective with real volume data? Why add question marks in an endeavour where the slightest doubt is likely to trip you? Another option is use the futures to make decisions and place trades in the spot. Just make sure you get a real broker rather than a bookie or if you are drawn to the latter get one that runs a straight book. (another subject that has been discussed at length!)

No slow down with bootcamp. Since Apple started using intel processors you can boot windows natively on their hardware. My day to day trading computer is a MacBook Pro laptop running windows.

Ha ha, they have enough trouble making it work on windows let alone Mac OS! One thing is for sure, large portions need a re-write.

@newportbeechdude Do you have double the trouble with slippage on spreads? Slippage, spread (bid/ask) and fees are the curse of scalpers. I guess you must use market orders to ensure both legs are filled? I suppose you can set your order entry software with limit on the first leg and trigger a market order on the other. @evroom1 are you still following the original guy?

Thanks. When you don't think too hard about what has happened further back than the last couple of 'O' & 'X' then you are always trading with the immediate trend I guess:) I am not sure you mentioned this but I wonder what software you are using? It occurs to me that the clarity and simply of P&F is well suitable to mobile devices, actually your approach looks well suited to automation too.

Hi Winnie, a fe posts ago you mentioned with trend trades (breakouts). Do you trade both styles? It seems you prefer fading reversals at extremes? I guess that a reversal is a reversal and that both styles can be considered as with the immediate trend. I guess the issues are when price ranges, a few boxes up a few boxes down.

Statistics. Probability.

I'd be interested too, I quite like the core concepts it's all built on. I'd quite like to hear about the difficulty that you are experiencing AKM and who knows someone might have some suggestions (they reveal quite a lot about how the toole are constructed and how to use them in there YouTube vids)