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mister ed
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Everything posted by mister ed
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see this page - http://www.traderslaboratory.com/forums/f17/21-12-07-no-chat-room-3095.html#post27263
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n1g working at moment no
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Same here Walter, I get this message: SQL error... Please check your error log file for details...
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Thanks BF for the chart and also the reference to 5pillars on ET. I am with you on trading the divergences - not something I really want to do but the method used by 5Pillars seems to be a good one along those lines. Wunderlich - I don't think it is possible to do a volume profile with only the bid or offer volume unfortunately.
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Who is continuing to trade the stock indices over the Christmas / New Year period? Are you taking a break to be with friends and family while there is less liquidity in these contracts? Or are there still good opportunities to trade, be it scalping, day-trading or whatever?
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I am looking forward to BF’s chart too – I know IRT can do something like this but I don’t want my posts to turn into ads! DT, I trialled MD too, and I was really, really impressed with the footprint chart…but I couldn’t figure out how to put it to use. Like you say it is very fast, and very detailed, and I am sure it could be useful, but I couldn’t figure out what to do with it. I really wanted to use it, I still think it has great value, but … The column totals are close to what I have settled on too, placed on your run-of-the-mill bar or candle charts – like I have said before the volume breakup can be presented many different ways and you can see how I am using it on the charts I have put up – buy volume and sell volume together rather than the difference. I wonder if the footprint might be more useful on individual stocks. I don’t have a real-time stock feed so I don’t know. zdo, delta divergence is not a term I use, I think it refers to the situation where the price is moving in one direction while the “delta†(volume at bid minus volume at ask) moves in the opposite direction. While I don’t use the term I certainly look for this situation, I have pointed it out on the two most recent charts I have posted (above).
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I like the message in the post, but some of the examples seem far-fetched. Dan lost four or five hundred thousand dollars..."or something like that." Maybe his capital base was in the millions, because otherwise he might have wanted to pay a little bit of attention to money management. Then it says "Dan knew how to lose". Got that right. And what about the next guy, went full-time and lost 70% of what he had made in the previous five months in just four days! :shocked: Someone buy him a copy of Van Tharp - please! Or at least advise him on how to place a stop. I do like Bill Lipschutz description of "insanely focused" though.
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Good post MrPaul - I think this could make a worthwhile series. I vote to keep 'em coming!
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Hi traderdad - welcome aboard - saw your reference to the mkt stats thread, its a good one all right, E.
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What?!!! You are missing out on HEAPS of good stuff - check out this BEST OF TL thread as a starting point.
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Introduce Yourself Here - Don't Be Shy!!
mister ed replied to trading4life's topic in Beginners Forum
Hi Bob - Great first post & Welcome! -
Regarding not viewing candlesticks in isolation, one of the major points raised in the VSA thread is to always look to the background, or the context, within which a "signal" occurs. Probably the post that summarises and highlights the importance of viewing the context within which a signal occurs is this one. In "pure" VSA analysis the price bars do not have an open on them, the bars are simply HLC, with a volume histogram below. Now, candles of course require an opening price on them, and a lot of the traders on the VSA thread use candles anyway, so there is plenty of scope for applying candle "patterns"/bars with background/context, especially for intra-day trading.
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Don't apologise Bert - at the time of your post you did not know it was data related, it was just a good VSA-related question.
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Hi Tasuki, if I may add another cent worth, that makes two cents between us which I believe is the minimum required:) Interesting you had the data Bert had, but Sebastian did not. Topic for another thread like you say. I must say I am not a big fan of oscillators/indicators, I have used them in the past though, and I was just as attentive/paranoid about correct data for them as I am for analysis now; the data may be smoothed or averaged in an indicator but any bad data also has the potential to be in the indicator for a long period of time (depending on parameters being used). The saving grace of what appears to be a bad data value in this example, is that was not in the price data, that is a much bigger issue for the vast majority of traders who may not consider the volume data at all.
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Thank you very much for the extra analysis on that chart PP, much appreciated. And the comments on the value of confirmation.
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Introduce Yourself Here - Don't Be Shy!!
mister ed replied to trading4life's topic in Beginners Forum
Hello oOgerryOo, welcome. -
Bert, this is very unusual, it can happen, and on a smaller time-frame it is not so unusual, but is unusual on a 5-min chart. So I looked at my 5 minute chart and I have completely different Bid/Ask figures - to the extent that my equivalent 5 minute bar is showing big net selling (volume hitting the bid), not net buying, as yours shows. I then looked through the chart you posted and compared it to my 5-min chart and there are number of differences. Are you using tick data or snapshot data? Saying this, maybe it is my data that is wrong! If anyone else can post a 5-min chart with the vol@bid/ask information then we can compare. I am using esignal with IR/T.
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OMG!!!! You're right - :rofl: I didn't see it either! Thanks for the logic jj, very east to put this into Metastock.
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Sparrow and James, thanks for those great posts – really excellent stuff. Sparrow, I don’t think Dr. Brett was referring to the rate cut on Tuesday afternoon, but more to the announcements of co-ordinated actions of central banks to ease the credit crunch, an announcement which saw the US equity markets jump in pre-open on Wednesday morning (Dec 12) (ES Z7 from around 1491-ish to 1515-ish. I think his reference to the NYSE TICK readings were from when the market opened a half-hour later, as James points out the NYSE TICK is available during trading hours on the NYSE, not in pre-market. Just out of interest sake I have included two charts, which show a 5000 Constant Volume candle, with the Bid/Ask volume in the middle pane, and the Bid/Ask volume based on the uptick/downtick interpretation. The first chart shows the pre-market, with the price impact of the announcement of co-ordinated central bank action. I have labelled "A" where the price bars attempt to fall in the face of buying pressure outweighing selling pressure. Point B is where selling pressure outweighs buying pressure, but the price still rises. The second chart is the first hour after RTH open. I haven't labelled anything but hopefully the detail is good enough for you to have a look at it.
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Thanks a lot Sebastian - great learning tool. One thing to be aware of in this video it covers two RTH sessions, the session for Wednesday 12DEC2007 and Thursday 13DEC2007, the thing to be aware of is the rollover day on Thursday 13DEC2007. My data provider (eSignal) automatically rolled the contract (I watch ES #F, so it is continuous). So at 4.15 EST on Wednesday 12DEC2007 the closing price was for the ES Z7, but fifteen minutes later, at Globex open, 4.30 EST, the opening price, which appeared to jump 10 points (give or take) was for the ES H8, a different contract. Thus, the RTH opening on Thursday 13DEC2007 at 9.30 am EST on my data was for ES H8. The data you are using there on the presentation, from IQFeed it appears, looks to have done the same thing. At the close on Wednesday you point out a rally with supply coming in, ES Z7 closing at about 1490. On your chart it appears the market opens on Thursday around the same price, at about 1490 (but this is the ES H8 open, different contract) whereas in fact the ES Z7 opened at 1480 even. Just thought I would point that out. It makes the rally immediately after the RTH market open on Thursday (from 1480 to 1486.50 high on ES Z7) an attempt to close the gap opened up during Globex. To see this it is necessary to be looking at ES Z7, not ES #F (which had rolled to the March contract, ES H8).
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JJ, if you can provide the logic for it then I can work to put it into Metastock, I can probably decipher the TS code, but in English would be easier! PIvot, can I ask you about your analysis in post 1104 - after the initial effort to rise bar (straight after the first squat) there is a high volume bar that is basically a gravestone doji (easiest way to describe it - I know the open and close are not at the same price but only one pt apart makes it close enough for me). What are your thoughts on this bar - it would have had me looking for a down move follow through in the immediately following bars (which didn't come). If I could get your feedback on this question would be appreciated as this bar really "stuck out" for me.
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Futures Trading Brokers and Trading Software
mister ed replied to brownsfan019's topic in Brokers and Data Feeds
Can I add the experiences I have had with Open Ecry support, both technical and general have been very positive. Have not had to use the support much, but each time I have had a quick response, very professional. I opened an account with them based on your recommendations BrownsFan...thank-you.