BlowFish

Sadly everyone had issue with one particular poster so they all went. <shrug> cest la vie.

Voting with your wallet is always an option. When I bought in it was ... err .... I can't remember $50 or maybe $99. For the longest time I thought I had made a mistake. Funnily enough they did threaten to revoke my licence when I was being particularly vocal about things that where driving be absolutely potty. If I didn't use easy language I can't imagine sticking with MC. One day someone will design something with, ensigns drawing (and a couple of novel studies), TS easylanguage support, Neotickers openness accuracy and general 'hardcore'ness, Ninja's order management, IRTs profile and marketdelta stuff. etc.

Just look at the volume peaks. "Peaks" are kind of a relative term but look what happens when there is a spike that is about 4 or 5 times the norm. If you simply faded any 15second bar with 400+ volume I am pretty sure you would make decent money. If you only look at this sort of thing where you might anticipate major S/R even better.

'Sliding Windows' are another interesting way of looking at data. Mind you this is how some traditional indicators work, a simple moving average adds a new datum to the front and throws one away at the end.

As an aside I posted a couple of charts here http://www.traderslaboratory.com/forums/104/open-free-discussion-volume-6180-4.html#post68997 as they are using pure volume seemed like a better place for them. There is a point to liking that post..... you can get by with pretty simple tools. Having said that I am still committed to finding better order flow / buying selling pressure/ intraday 'open interest' tools. The thing is you can get pretty comparable levels of clarity with 1st generation tools if you know how to use them. (perhaps more importantly where to use them)

AS this is open discussion I'll post these here The high of the day (so far) on the DAX followed by a low (not the low) some hours later. No fancy volume based indicators just a 15second chart with a volume histogram. In isolation dosen't mean much but there are some plain (to me) clues here.

Mind you 6.30 is kinda expensive (if that is one of your main criteria)

Try zipping it first

No he samples into 100 (or greater) volume chunks. Whether your background is stats or signal processing that is sampling. He goes to some length to point out why sampling with respect to a constant volume is his prefered approach. (All the studies in this thread process every tick and every contract whilst they are running). Maybe it is just a question of semantics. You can still process all the data but sample it. Unless you use every tick of the ES since the day of its inception and look at that as a whole you are sampling. Also he is sampling by looking at V@Bid and V@Ask and dividing the population into 2 samples by that particular property. Anytime you divide the population (of every single ES tick) into 2 or more 'chunks' (be it by V@bid/ask, X contracts, Y-Z range, t minutes, n ticks, d days, y years) you are sampling. Cheers.

Ahh thanks. I thought there where 2 total but looks like there where 2 in may for 3 total.

Yes not a bad Heuristic with the great advantage of working with historical data. A reasonable compromise. With the direction of recent talk people might want to revisit (or visit) UmaBlumes trade intensity thread. Worth considering aggregating (into a block) seperate ticks that arrive within a certain definable delta time (delta referring to t1..tn ). I have been meaning to combine something like that to the large block concept in Ninja but was kind of waiting for V7.0 and have been rather busy playing MMORPGs

Hmm that'd odd the one linked seems to be massive in size compared to the ones that someone shrunk into swf format. So there are only the 2 vids then?

Is that different to Al_brooks_trading_best_price_action.swf linked early in the thread. I am getting confused with all the snippets.

I have been pretty happy with IB. You can trade a whole bunch of stuff from one account. In he past I have recommended the "The futures game, who loses, who wins, and why" by Tewles. To be honest I am not sure it has what you require. It has a good section on risk and bet sizing, covers most the stuff Van Tharp does. I seem to recall it being fairly comprehensive. Really there is not much more that can go wrong with futures compared to other instruments.

As you know I also enjoyed UB's stuff but that is all about sampling data (with a bit of post and maybe pre processing).

Well you have piqued my interest (again). How about a tiny hard to make out screen shot

AgentKay, there is nothing wrong with 'sampling' price data to help make sense of it. How you choose to sample that data is of course somewhat arbitrary. Firstly the variable you hold constant (time, range, volume) Secondly the sample size you use for that arbitrary constant (e.g. 5min 4points range 1000contracts). Same holds true for point and figure, renko, market profile, volume profile and any other charting method I can think of. (I'd be delighted to find a truly unique way of sampling data if you have one ) At its very simplest sampling allows you to determine trend. If the price now is higher than it was when you sampled it an hour ago (or perhaps the close yesterday) you might say the hourly (or daily) trend is up. How can you determine tend without sampling data? Agent Kay how do you make any sense of the price data without sampling it somehow? Maybe just by watching the tape stream by (though you will still be constantly sampling and comparing in your head). Or are you saying the only meaningful sample is comparing price now to yesterdays high/low/close (I guess you mean an actual 'session'). Using that argument a weekly sample would make much more sense with 24 hour trading and markets globally correlated. I guess you are being provocative to get people to think but you have 'over stated the case' imo. Unless you make decisions based on ...I dunno lets say planetary movements for example? You are absolutely going to need to sample price data and when you do that you are going to absolutely need to make arbitrary decisions on how how you sample it and what you hold constant.

I may be wrong but I don't believe those are VSA terms.

I didn't. I caught a short on the DAX an hour or so into the EU morning session and it was one of those joyful ones that was up 10 points by the time I got confirmation. It must be said when you get stopped in with real momentum it is rather nice. I decided I was pretty much done for the day. I'm really trying to take the best of the best and be done in a short time. Easy when there is something on the table harder when you have to sit on your hands.

Hey AK I am not going to disagree with you (if you pardon the double negative). I would not go as far as saying it is 'wrong', whatever works for people. You can make pretty nice oscillators that seem to diverge at turns if that floats your boat. At the end of the day it doesn't float mine, though I try and remain open minded to the idea. Malcom Robinson is another guy that has gone that route he sells an indcator that is based on this stuff with a simple 20ema smoother. I am sure there are others. Also agree with pimid (and always have been of that opinion) 'emulating' is not the way to go. Implement concepts that make sense to you if it ends up looking like something else...well so be it.

If you can manage SpotFX (which usually means you are having a bet with a bookie rather than ever 'trading' anything) you should find a proper instrument on a regulated exchange refreshing. (If you use MBT or IB or one of the few 'real' retail brokers to actually trade currency then ignore my first sentence). I suggest you start with the exchanges website you will find a metric cr*p ton of information and education. Next port of call should be your broker. They should be able to help you make the transition.

You can get it from here http://www.geniechartist.com/home/vsa.php I hope the link is acceptable, people link books on amazon and what not

I Agree with you Svensa and Tikitrader. Support is outstanding if it is merely a support issue (i.e. it can be fixed by configuration or changing parameters etc.) However if it turns out to be an issue with implimentation and so comes under managements/developments remit you can pretty much expect around 6 months or so (if it is a major issue effecting lots of people) or 18 months plus if TS management consider it 'minor'. Even if it is 'major' if management decide that it is too tricky to fix it will still get put on the back burner while they half implement wizzy new features so they can 'tick boxes' on feature lists. Support is outstanding if it is simply a support issue, chance are it will be a small buggete or something that has been implemented in a daft way.

Well worth a read, recommended. He was partly inspired by James16 over at FF. Some people have quite strict criteria on the 'eyes' others more lax. I think Pring coined the phrase. From Martin Pring on Price Patterns by Martin J. Pring, “Pinocchio bars are bars in which the bulk of the trading takes place outside the previous and subsequent trading range.” “The character Pinocchio tells us when he is lying because his nose gets longer. In the case of the Pinocchio bar, it is the trading beyond the resistance or support level in question that indicates that the signal is false.”

Simply load up the front month futures contract for the spot currency you are trading. Use the pressure indicator on that but trade the spot. You might want to try upticks vs downticks as opposed to volume@bid vs colume@ask itn may suit your needs (put another way don't just go on what is a hunch on my part )