BlowFish

I used to use Neo some while back. Really excellent software for a whole bunch of stuff. It has a steepish learning curve but once mastered the power is really impressive. Actually I was thinking of going back to it to do some research on tick by tick order book analysis. Not many packages have an architecture that can accommodate that. Laurence is a sharp guy.

Frank at Balancetrader|Swing & Day Trading Market Profile Education Course talks about splitting and merging profiles at some length. Not sure what is available in the free stuff but worth checking out.

They are not to the best of my recollection. You can find them at the ninja forums.

Don't forget the deal James, more time as a member now the burden of management has been lifted! I hope the new guys build on the excellent legacy you have left. Oh......and congratulations on the new family member.

Ahh Ok, then my suggestions where probably not that useful though whilst double checking whether PalTalk would fit the bill I came across HearMe, another paid service.

Yes indeed it is a dynamic thing, knowing if (and when) to change back down to a lower gear is all part of the challenge. The race environment (the distance of the finish line and the time to get there) certainly adds to the pressure to risk a bit more than one might if it was a nice leisurely road trip .

Ahh OK. I would certainly be interested in such a thread. A poster named Frank has posted odd findings now and then. I once did a study of 'floor' pivots (previous days (h+l+c)/3) and discovered a couple of interesting stats. It was as much an exercise in coming up with a process (I used excel). Incidentally what do you use to calculate your figures? I guess things like MatLab or R are overkill. A data mining focused package might be interesting to fiddle with. It is quite appealing to look for strategies based on simple phenomena than have a solid statistical basis.

I don't want to sound like a commercial for MC (I can be a harsh critic too:)) but it supports a whole variety of data feeds including TS's own it has most of the popular ones. MultiCharts / Supported Data Feeds Actually one of the feeds I use is IB's. It is fine for a lot of the stuff I do. (IB aggregate ticks you can read about that elsewhere). I also use Zenfire for some research stuff that requires more precision. That is fine but it does not always re-connect properly after an internet outage. As I currently only use it for research I have not tried too hard to get to the bottom of it.

I don't see any figures for close in the direction of the gap in your tables gooni. Maybe I am missing something. Could you post the full table with the close in direction of gap column? it would make it easier to follow. Edit: i see you said earlier "I'm also not considering the final close for the day, just whether the gap is filled. Perhaps he doesn't care about the gap fill, but just the final close" This is all he cares about (well it is all the statistic he presents cares about). The price could go limit down but as long as it closes back in the direction of the gap then he includes it in the 90%. Just saying you can not comment on his stat without considering the direction of the close as that is exactly what it pertains to. Just trying to clear up the confusion Keep up the good work!

Playing thread catchup so forgive me if this has been mentioned. I think there might be a minor issue in interpretation. Apparently Vic says that if the gap does not close in the first hour we will close up. The way I read this is the day will close up. The 30% that never close the gap will almost certainly close the day up. (unless they close the day within the gap in which case they are up with respect to yesterdays close but down with respect to todays days open). With respect to the 20% of gaps that close later in the day, provided 15%+ of them finish the day up with respect to the open (i.e fill the gap then move back in the gaps direction) his statistic is good. If that makes ny sense

StevenSJC you might want to take a look at Multicharts. It can run strategies written for Tradestation and place orders directly with Interactive Brokers. It would likely be more robust than your current setup with much better control and feedback. I should say that whilst I am a MC user I don't use strategies let alone automated strategies.

Harmnic Trader has a bunch of (paid) stuff on this too. Whether it has the 'why' I couldn't say. The gartley (for example) to me looks like an ABC correction. Whether looking at the ratios of the various elements gives better results than simply looking at the the price action itself I couldn't say (again).

Not sure I understand the problem. You will have separate quote manager entries for IQFEED & FXCM. Each should have the appropriate BPV set. If you can't quickly work out the value for FXCM by trial and error then contact support@tssuport.com they are most helpful.

Good point and an interesting question. The smaller the 'size' of the instrument the closer you can get to 'continuous compounding'. It wont be quite exponential as that requires varying the size continuously in infinitesimally small steps. This is an advantage a micro lot has over a full one. Brown (and others) have posted how it may be unlikely that anyone crosses the racing line. I am sure the racers understand precisely how and why this might be. One of the downsides of continuous compounding is that your risk of ruin is the same whatever the account equity. With doubling your RoR diminishes until your next double (where it jumps back to where it was). And here is the quandry for the racers, how much to reduce risk by as the race proceeds to give a better chance of not wiping, whilst still propelling them fast enough towards the finish line. It is quite the dilemma for the racers.

Paltalk used to be popular, not that light essentially a free hotcom. If you don't need voice chat Ensign Chat is super light has text chat and static chart sharing. (You don't need to be an Ensign user). Someone wrote a snagit helper that allows a single key window capture and uploading of a chart image. It also creates a link that you can paste into a chat window (might do that automatically too). Do you need live screen sharing or just chart images?

I'd agree, just a difference in nomenclature. I think every one would broadly agree on what a discretionary trader is...someone who uses discretion with entries and exits. All I am saying is that even systems traders have to exercise discretion on various other aspects of trading (some of which I mentioned). This requires some knowledge of market behaviour and the systems behaviour. I would probably call these guys and gals 'systems traders'. I am not saying they are 'discretionary traders'. While they have the luxury of playing golf while their system places trades that does not mean that they do not have decisions to make or discretion to exercise:).

Chart should be the same as the underlying. A CFD is essentially a trade (bet!) with a market maker. So you can trade (bet on!) the ES CL EUR INTL whatever. They are actually structured a little differently to a bet so there are tax implications.

You can get Snaggit version 7(ish) legitimately for free. Has everything you could want. They (TechSmith) also now do a new thing called Jing which is some sort of capture and integrated cloud sharing gizzmo.

I watch reruns of all sorts of rubbish...while trading....often in bed!

That is exercising discretion. When to tweak, how much by etc. etc. A fully systematic trader needs to exercise discretion it is just not in the entry and exit department.

Funilly enough I remembered finding that when I went on a similar search, it was somewhere obscure! I had a quick look on my 'cloud' storage and no Hershey folder, guess it got archived to old fashioned storage before clouds existed. Seemed like the newer documents covered it so didn't go much further. Glad I have not gone completely senile.

The bid being pulled and then someone offering at the old bid price would do it. A trade at that same price would be flip from bid to ask. Someone hitting the bid with a limit order larger than the total bid would also. (Again the next trade would need to hit that new offer of the unfilled part of the limit order) There are probably other ways, those are two that spring to mind.

Stick with it and you should get there. Break it up into chunks - detect the cross, store values (you will need to store the new highs and shift the previous ones into a second set of variables). I don't think it is an EL issue but a how to approach the problem issue. I am pretty sure (though may be mistaken) that there are already divergence indicators in the public domain. They will likely do what you require or at the very least you should learn a fair bit by studying them.

Hehehe, I am obviously not being gullible enough then

No Dom, just an old fashioned ticker tape. It certainly deals with buying pressure selling pressure and even trade intenstity (though not called that!) " If steel has just sold at 50 this figure represent what has happened. It is history. The market price of steel is either 49 1/8 @ 50 or 50 @ 50 1/8. The bid and asked prices combined form the market price. This market price is like a pair of scales and the volume of stock thrown out by sellers and reached for by purchasers, shows towards which side the preponderance of weight has momentarily shifted." I have to say I mis remembered what it was all about (and probably confusing it somewhat with Humphrey Neils book aroud the same time) but Whyckoff absolutely had a grasp of this stuff and wrote about it 80+ years ago. You might see more in it with your current understanding of the markets . This is partly a reporting issue, CME changed end of last year. Do you report with respect to the limit side or the market side? Sure you can't see the book on the tape but you can much more clearly see 2000 1 lot orders go by with virtually the same time stamp. The thing with the tape it is arguably easier to see stuff as it 'scrolls'. With the dom 3 things are updating bid ask & traded and each over writes itself. Makes it hard (for me at least) to see whats going on. Using time & sales (for it's permanent record) in conjunction with BB BA on the dom helps me a little but I am still far from proficient in assimilating the info in real time. Hence the appeal of 'visual aids'. I agree, from the point of view of trade intensity the direction of the order flow (passive/aggresive being the proxy for order flow) matters less than for other 'patterns'. That is not to say that direction is not important at all. Having said that one would expect a shift and a change in intensity at turning points.