BlowFish

I plan on a clean new install of win 7 on my mac book pro. I have accumulated a remarkable amount of 'cruft'. I have been putting it off for a couple of days now. I am going to try and be a bit more selective on what I install (always starts out like that) but FF & chrome would not seem excessive.

So he never has had loser? Ever? Wow must be great to use 500:1 leverage on every trade with no fear of loss. He might say he is only a modest student of the market, though I wonder why he would feel the need for modesty having reached absolute perfection? I guess at some stage soon he will turn into a ball of radiant light and 'ascend'. As you might tell I am sceptical of anyone that claims 100% profitable trades. I might have to spend that 3k pretty small price for immortality Hope you will forgive my scepticism and sarcasm Tresor I still enjoy your posts and charts Seriously I am not saying absolute perfection in trading is impossible just that it would need almost divine powers to achieve. Of course if he has made 5 trades in the last 7 years or something then it is just a statistical wrinkle.

As I say my eyes aren't great, but using firefox some of the buttons I was clicking just didn't seem quite so 'crisp'. Could be all sorts of things (including some sort of weird perceptional bias). It seemed noticeable (to me) even if barely.

Figured it was something like that, thanks. So the guy was hitting that 100% of trades, O' Rlly? Bset trader in the history of the world ever then Or 100% of the trades that didn't get stopped in which case he let trades go to target or go to stop which is certainly valid management.

Presumably through the CME/CBOT merger?

You probably wont be crucified for it

Thats a remarkable achievement, good job.

Epa? ....................

I guess you are talking more about PP's Fulcrum? VWAP is not a 'projected reality' unless you choose it to be (by selecting a data sample from the past). It is what it is (a statistically significant metric) and that is why it has numerous applications from algorithmic trading to measuring the performance of a trader working a large order.

Reason I asked was how you know you have the right 'official' interpretation? Not that it matters if it works for you. I guess your take is pretty much the same as WaveSliders? I also guess that many people have based there understanding on Street Smarts and there might be an 'error' in that, though I am inclined to think there is no secret sauce as Wolfe intimates. More likely that he is trying to justify the $3k or whatever the course is/was.

Hi ZDO, PP's ('floor' pivots) are very robust. They seem to exhibit similar characteristics based on the previous weekl, hour, or 10,000 contracts. Put another way there seems to be more to them than just self fulfilling prophecy. When you think about how they are constructed you can understand why. To answer your question you might want to look at Ray Baross' midas. Essentially a VWAP plotted from a recent swing high or swing low (well thats what I think it is). Jerry talks about starting them in different places too. (Intraday for scalping and further back for swing trades). That is one of the beauties of VWAP you can pick your sample to give yu the characteristics that you desire. (You can do the same with PP's too though).

I wonder if you mean tape reading in it's most literal sense (looking at time and sales and possibly the order book) or whether you are talking about a more liberal interpretation (using volume or market delta or other new fangled fancy indicators)? If the former you will likely need gazillions of hours of screen time and there is a dearth of quality information to learn from, You will likely need to rely on your own observation. It's a long path. If the latter you might want to carefully consider what you put on your charts. It seems to me a lot of the new fangled indicators certainly add an extra layer of information but (for me) the improvement in my trading decisions is marginal over say a simple volume histogram. Anyway dosen't stop me researching. But to answer your question in a word. No.

What do you concider a 'good' trade? Loosing is part of trading. You can (and will) have many 'good' trades that loose.

Do you have Wolfes original material Tresor?

See my answer to your same query in another thread. They are 10 a penny. 30 seconds with your favourite search engine will sort you out. As tams pointed out this is not the place to posts requests can a mod delete this tread?

Google it. I found several on the first page of results.

Hehe thank you (I think) I did say I wasn't sure, it was kind of an educated guess Anyway another thing to file away until senility sets in! It's actually a very sensible decision on IB's part when you think about it as it makes things attractive to precisely this type of investor. Mind you I am not sure the minimum account requirements and the fee structure for stocks, but if I was to stick my neck out again I would guess that they would tick those boxes.

Opportunity plus instinct equals profit.............. Ferengi 9th rule of acquisition.

Try hitting F8 a few times after the bios stuff flashes by (but before the first windows splash screen) then select safe boot and you will load a minimal system. That should allow you to start up and commence clean up.

Not sure if I am on the right track I guess the trade is somewhere round where I marked. The way I see it the stop line could not be drawn until the trade was half way done. Just wondered how you handled initial entry and stop? (some sort of price action perhaps?) Edit: I added a couple of stop lines that might have been considered sooner but where quite steep.

DD correct the VWAP factors in the volume traded at each level so for example if 1000 trade @ 99 that would weigh one thousand times more than 1 @ 99. It is also an average of the whole sample (though where you start the sample is arbitrary) It is pretty different to regular moving averages. VWAP = SUM (PriceN * VolumeN) / Total Volume for whole sample. (Where n is each trade in the sample). This can present some computational difficulties for large samples as every element needs re weighing when a new trade arrives (because total volume changes).

Hmm not sure I completely see that.....it would not have existed yet at the entry point if I am reading your chart correctly? (Probably I am not). Incidentally I see this thread has been going over 2 years now!!

Thanks, nice and simple perhaps if you post any more charts you might mark that? A picture paints etc etc.

Well said though it is worth pointing out that carrying several ticks in a packet is a little different to what most mean by aggregating. Some reserve the right to actually combine prints at the same price (forget what packets they arrive in) so 1@245 1@245 1@245 might actually be reported as 3@245 irrespective of the transport mechanism. Zenfire for example, is a fairly complete data feed that can squash an awful lot of ticks into a single packet (using compression) thought at the client end it unsquashes them into individual ticks again. The integrity of the individual trades are preserved. Largely semantics really Compression vs Aggregation.

It might be worth mentioning that none are really robust enough for unattended trading. If that is your goal you would be much better of finding a broker that can host your application (using strategy runner for example) or finding a broker that will execute a strategy for you. Thats just my opinion of course if you don't mind things going down or locking up mid trade once in a while thats a different matter.