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OAC
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Everything posted by OAC
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If I remember correctly, I think Bill Wolf uses volume and $TICKI to identify the turning point. I also find Stendahl's Value Chart useful for this type of entry
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Well this firm looks like it has the same principals as the firm I used to work at years ago. If true, the prior firm went out of business due to "greed". On the website they said they are looking for someone with advanced law or business degrees( usually recent grad). At least the firm I worked for also looked for exactly the same.:o . Where I was, there were these Ivy league grads with well-to-do parents and they wanted to try their hand at the exotic world of trading before settling on a stiff corporate. job Bottomline, you need 18 month living expense saved up if you decided to do this on a full-time basis, whether you decide to go it alone or not. Depend on your monthly living expenses, your $50,000 capital can be eaten up pretty quickly. So watch out ! The advantage of going with a firm like that is interaction with other more experienced traders at their location, but I don't know anything about the remote aspect. Also eventually ,and it takes a while, to have huge buying power. But it is also a double-edged sword, that is probably the reason the previous firm went out of business.
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You definitely have a chance to trade the firm's capital. These are stock trading firms if I am correct. They will start you off trading 200 shares.
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Good luck to your future endeavors. On behalf of the members here, I want to thank you for bringing a few insights that had seemed to stimulated some new thinking among our members. If we make any major discoveries here, I will make sure that we relate them to you.
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Well , Deanz certainly agree with you, and he also see my point. That is because he is a brilliant guy(or gal ?) . He just coded some useful ninjacript and I have not seen you and Darth bother to thank him .
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Since you are interested in trading currencies which is actively traded around the clock. You should really look into trading the 240 minute chart, a happy median between intraday and EOD, also followed by many pros.
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No offense. But you really started to sound like TRO (The Rumple One) He also like to razzle and dazzle people with his unique charts. :rofl:
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Please move all of your stuff to the Automated Trading Forum. We don't need any "Proprietary" , " not for sale in a million years" kind of indicators in the Technical Analysis Forum
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Frankly, you do smell like a rat. So far you just sound like a snake oil salesman to me. if openly sharing ideas is your purpose here, the how come you never answer Janus's questions addressing to you in the Trade Intensity thread : " The concept of 'trade intensity' is not new. There is no truth in saying that it is not discussed/used anywhere. MarketDelta has implemented IOAMT's Trade speed ideas ( I am not affiliated with any of them) in TradeSpeed Indicator. http://www.marketdelta.com/kb/article.aspx?id=10585 http.http://www.marketvolume.com has products/pending patents based on this idea of spikes in volume. Their SBV Indicator uses the idea of trade intensity/spikes in volume. I request the thread starter to elaborate and comment if his ideas are different from the above."
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This is your third thread in 2 days. I am not going to pull any punches: (1)How is this going to help us trade the market ? (2)Are you trying to inspire us to write our own software ? If not, are these posts just an exercise in self-glorification ? Or (3) are you planning to become a vendor at some point ?
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All this reminds me of MarketDelta when it first came out about four years ago, It had this whole new way of looking at volume at the bid ,volume at the ask ,and their cumulative values arranged a new way known as the footprint. It really appealed to the logical minds of many. But in reality. how many of you today are using this amazing tool to trade?
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Anyone Up to the Challenge of Mentoring?
OAC replied to evolved trader's topic in Trading Psychology
In my opinion, only successful scalpers are consistently profitable day in and day out in this extremely volatile environment. If that is your cup of tea , then I would recommend the daily reading of the attached SFO article entitled: " 25 Rules of Trading". It has been an invisible mentor to me. 25 Rules Of Trading.pdf -
VJ: I have no problem with the Forex tick data. However I am more concerned with the quality of data. It seems to me that only Esignal has the most reliable tick data on Forex. Whereas CME volume data should be easily accessible and uniform among all data vendors. Tim Morge had a great article last month on the MedianLine website. Unfortunately, it has been taken down already. I find it refreshing that you are combing VSA, Allan's Box, Murray Math, and Jperl's stuff. Is this something that you put together recently, or you have been at it for a while ?
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What is wrong with using the volume for the FX Euro futures contract on the CME ? I don't know if you have ever heard of Tim Morge ? He certainly think it is pretty cool by using volume bar chart derived from CME data.
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Why not just simply trading out of the breakout of NR7 ( Narrowest Range of last 7 bars) ?
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All sounds like a broken record. Let me add something new: " Candlesticks, Fibonacci, and Chart Pattern Trading Tools" by Robert Fischer
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Not to mention that he was the creator of the Fibonacci Trader software: "The first multiple time frame software for traders"
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The key to crack the market's secret code is only $695 plus $199.95. What a bargain.
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Think about it., and think hard. Who would make a statement like that ? My answer? A S-----.
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Oh Yeah, I look at those MP levels, POC, VAL, VAH..etc. and have gone through the whole MP education route. If you read the old Support & Resistance thread under Technical Analysis, I had some 30 types of levels where I look for confluence. But for scalping, you don't need that many of them, but they do have to be precise. Precision and very tight stop is the key. Since this is a Wyckoff thread, if there is a Wyckoff or VSA way of scalping with precision, I would like to hear it. Always keeping an open mind. :missy:
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I think a few of Wyckoff guys, and possibly VSA guys, hang out in the chatroom during the day. Perhaps you would like to join in and ask them these questions real-time. Speaking as a scalper myself, I find little or no value with Wyckoff, VSA, or even MP. So I am not surprised to hear your comments above.
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There is no difference, your funds are deposited with the FCM or the clearing member that the IB clear through anyway.
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The easiest way is to use the Heiken-Ashi indicators on 3 time frames: (1) GREEN, GREEN, GREEN (2) RED, GREEN, GREEN (3) GREEN, RED, GREEN (4) RED, GREEN, RED (5) GREEN, RED, RED (6) RED, RED, RED 6 :beer: That is how many days that took God to create the world.
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What has intrigued me earlier was Hlm's statement regarding how to go about measuring and estimating the current cycle of each time frame by using the concept of volume/market profile. The only things that appear to be cyclical to me in MP is the rotation around the VA and the magnitude of the rotation would be approximately measured by VAH-VAL. The next higher cycle may be from the first VA to a second VA, the price then may rotate back to the first VA or it may not.
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Yes, Off-topic stuff will be deleted. Reason: