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fadenscales

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Everything posted by fadenscales

  1. What sort of instruments are you trading. Have you tried twitter at all? It's not mentoring in the traditional sense but there are a number of great traders posting live updates and explaining the concepts and reasons behind their trades. I recommend taking a look at #FT71 and #OLE34 hashtags. Tom
  2. I think what you are looking for is Volume Delta and nothing to do with ticks. The idea behind looking the volume delta is to get an idea of how strong an up or down tick might be, or likewise to find divergence where we see price rising but number of contracts traded within that price bar is negative. This is very simplistic, but I believe it is what you're looking for. Have you had a look at Market Delta, as it has these charts already available. In terms of data feed you should look for a higher quality one like DTN.IQ, which is unfiltered and non-aggregated. Tom
  3. The one thing that changed the outlook on my trading and improved my understanding of the market more than anything was Market Profile and then Volume Profile trading. I went from a trader obsessed with indicators to a consistently profitable trader when I started to understand market auction theory and how to start analyzing what the market had done, what it was trying to do and how well it was doing it. It may be a little more advanced than you are ready for, but as soon as you have a grasp of the basic process of trading I highly recommend reading more into market and volume profiling and working it into your trading. It can work in any market, although I have seen better success within highly liquid markets such as the ES, FESX, DAX, 6E. There are some excellent posts on this site relating to market profile from beginner explanations, to advanced reading of the charts and related strategies. Wish you the best and if you have any questions relating to this topic feel free to PM me. Tom Fade 'n' Scales
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