Hlm

Got disconnected at EXACTLY 8:30am CT and now it's hung up at the "Initialization..." screen. James, we had a similar issue every day on cash close with the old chat room. It would freeze most people for a little bit. Are there any scripts/backups/cron jobs that execute around these times? I did end up getting back in the room but couldn't type anything. However, smwinc was one of the small few that were still in there and didn't seem to be affected. Now that I exited I am unable to get back in.

I greatly appreciate the features (as I know many others that do as well) and hope that such a room will be used for more than just your standard chat. First of all, nothing is better than real time discussion with a hard right edge for intra-day traders. The ability to effortlessly have real time video feed or explain what you see with a whiteboard is priceless in my opinion. Too many times forums breed hindsight and cherry picking in their explanation and the true message gets side tracked and lost. If you have a strategy or theory, what better way than to create your own room and talk about it in real time. Charts and discussion can then take place on the forums after market hours. You will be amazed as to how much "cleaner" the questions and discussions are when you have already ran through most of them in a live setting. This brings me to my second point...the ability for a couple of users to jump into a room and start discussing and drawing without any software download required. Finally, it would be great if we could get some member webinars setup for some of the popular topics discussed on the forums. Actually, it could be as simple as "at this time and this place we will be having an open discussion about this...feel free to stop by". At first it might be slow, just like any forum, but after awhile if the train keeps chugging along things should pick up. The fact is that there are so many possibilities with this type of chat room and I hope the members take advantage of it even if it's just to chat with another member one on one. This website's forum already separates itself from others by quality. James has now given us a tool to take it one step further and create a highly dynamic and interactive community that focuses on actually trading that hard right edge and instant feedback on topic discussions. Don't most want a community that works off of "put up or shut up"? Don't most want a community where days of back and forth via a forum can potentially accomplished within a couple of hours via chat? Would it not be nice to condense pages on a forum to one or two posts summarizing the important points of a discussion. Of course forums do have a very important purpose and aid to the sharing of information to the masses. However, from people I have talked to, there appears to be a yearning for live interaction as well. Haha...done rambling. Added: Up until this incident, I have found this software to be much more stable than the previous ajax text only room across all browsers.

I'm not in there today, but just tried and as someone else said, it freezes at the initialization screen. It's probably a good idea to keep the other chat room running with a link somewhere in a thread like this incase this happens again down the road. The topic for the old room could be permanently set to something that signifies that it is a backup room only and to see website menu for link to main room (incase someone has it bookmarked).

I take this comment as meaning it's time frame independent and instead of dealing with micro seconds one could use such information for larger intraday moves or swings? Is this statement correct and if so, have you done any research on the larger interval "intensity spikes"? If you have, could you post some charts? Thanks.

My guess is that the comment was geared towards providing something that's not a month old and one little snap shot out of the day. For example, maybe you could post a few times it happened today (Friday) or next Monday. Since one cannot just open a chart and load the indicator, it would be more helpful if a decent sized and unbias population was supplied for better discussion.

Figured out what this does. If it is unchecked you get a pop up asking if you want to allow the individual to view your webcam.

Exactly, links in the room open in a new browser window. Why not just have the download link point to the image and open it in a new browser window. At that time, the user can download the image if they wish via the browser. You want to get it out of the flash environment before going full size.

For anyone that doesn't have a webcam but wants to share parts of their desktop or have it follow your cursor, etc... ManyCam is free software (works with Vista 64) that allows you to share parts of your desktop as if it was a webcam.

Currently that's an Adobe Flash Player Setting. For example, whenever I enter the room it asks me to allow or deny access to my camera and microphone (pop-up). You can also change it under your chatroom settings (A/V Settings - Advanced). If you want it to stay that way by default there should be a "remember" checkbox in the flash settings. There is a checkbox under "General" for "Allow Access to my Cam" but it doesn't appear to block anyone from viewing it so I don't exactly know what it's for. Unless it's one of those things where you are always allowed to view your own.

I have been through a few, but here is the basics of my current structure which may change in the near future due to OPM. Broker Accounts: Amount required to cover multiple time frames (positions maxed) plus my potential statistical draw down for two weeks. Bank Account (specifically for trading): Revenue is moved over from my broker accounts every two weeks. If a loss occurs, the account is replenished and triggers a detailed personal audit to ensure that it has statistical merit. All trading expenses are paid from this account. Decisions to increase or decrease size is based off of this account. Personal Account: As long as my trading bank account (not broker accounts) is in good standing and above required figures, I am paid every two weeks. Adjustments are made quarterly if needed. As always, this most likley will be different due to ones strategy, goals, funds, personality, etc. The one thing that should not change is a well thought out plan/system with defined rules.

Wow, I am so convinced by the great details backing your claim up via the perfect grammar and word structure. Btw, Sec (where the majority of complaints were focused) "left" a long time ago. He was never the teacher, only a filler that I guess eventually got out of hand. However I do not know the details past what some members/friends have told me.

It means price has moved from 859.25 to 859.50. With a one tick chart you could have several bars created while just sitting at 859.50. With a constant range chart of one tick, volume will keep increasing until price actually moves up or down a tick hence the ability for a "spike" to be formed at the previous price/bar. Added: There are two different ways to draw constant range charts. A new bar could be created at the time of the one tick move up, or it could wait until trading has continued within the range (moves beyond your specified range). I personally prefer to wait until price moves beyond my specified range which creates less bars.

I guess you are right (not top of my game early Sunday morning)...you would just have to display the inverse. Same difference.

I wonder if you would get similar results by using a constant volume chart and having the histogram value defined by the amount of time needed to create a new bar. So a spike would be created when a volume comes in quicker in relation to other times.

Try the indicator I created HERE.

Thank you for the extra information. :o You're kidding right? I guess people can have different defintions of "sharing". As for useful, that depends on the user and information supplied. As a medium for sharing new ideas and things I am working on, I naturally prefer a more live atmosphere via the chat room or private message. My participation on the forums is mainly focused at answering specific questions one may have. Enjoy your thread.

I still don't understand the purpose of this thread since since... ...sounds like a tooting of ones horn. However...going back to what BlowFish said and you response (just for fun), what about a small tick chart value which is NOT time dependent. Also, I would like to note that you have not specifically described how this is used for trading. Without that information no one can compare how much "special" information is being extracted versus other simple methods. So again, what is the purpose of this thread?

Can someone make money scalping (a few pips here and there) in the Forex Market...to put simply yes. However, due to the makeup of the Forex Market there are many opportunities to be taken advantage of. At this time the only currency trading I do is with larger swings. People have to understand that it's not about what CAN be done, but what is BETTER for the new trader...or any trader. When scalping on the Forex Market you don't have all the tools (DOM, Volume, etc) to compensate and take advantage of the micro time frame that many people call "noise" (smallest time frame that is affected by the spread). For this reason it is much easier for most to zoom out and work off the multiple trends in motion and the natural ebb and flow.

This reminds me to buy a lottery ticket when I get gas today. I mean, it is possible that a $1 ticket could be worth 200k if not millions. But to be serious, is $1000 enough to start trading FOREX...because of the ability to trade pennies on the pip, technically yes it is. However, your profit is going to be porpotional to that (pennies on the pip) if you trade with solid money mangement that wouldn't be different if you were trading ten times that.

It all depends on risk/reward and the percentage of success. This is where your positive expectency and potential draw down comes from.

In my opinion multi-trend trading (the way I trade it) combines all three styles of trading depending on how you define them. You are trading with the trend, entering on a reversal of the smaller trend with your risk decreased, and you are holding a portion of your inventory for a breakout through the first smaller trend resistance to complete the cycle. It would be interesting to see a chart labeled with what you are looking at. Of course MTF is not for everyone. However, the majority of people I have explained it to resulted in a light bulb going off and their trading finally taking off. But again, more than one way to trade. The up leg of a trend (see pictures I posted previously) is created by smaller up trends. The up leg of those smaller trends are created by smaller up trends. It's the nature of the market. It's the ebb and flow of the market. No, it's not perfect (of course), but that's what money management is for. I will not get into the discussion of self-similar because it's not needed. As for the predicting comment, there is no reason to "predict" the lower time frame. I think people are getting confused and stuck on this concept. There is no prediction, it's a fact...larger trends are created by smaller trends. The theory behind multi-trend trading is to find areas where you can enter with bias/pressure and limit your risk w/out limiting your reward. There is nothing to cherry pick if you are sticking to the true essence of a trend. If you are talking about the fractal concept shown on the pic that atto posted HERE, that is not what we are talking about.

This is why I feel it is so important to have a strategy that is not time frame dependent. As algorithmic trading increases and gets more complex, the speed and actions on the extremely low time frames may not be within ones risk/reward as well as having increased manipulation like Soultrader said. An individual with a strategy that is time frame independent can just zoom out and proceed as normal. Of course this means removing the DOM information all together.

So is it official, no more talk about the details of fractals? So for this thread, everyone just needs to agree to disagree. Hopefully we can all agree that the market is built off of multiple trends that are different sizes and these alignments and interactions are what we are here to discuss.

Because we are currently in this situation (imo)... ...maybe we should do the above. It may also get some new people involved who don't want to get into the current mix of splitting hairs. Even if we continue on now, someone is bound to come in and start things up again. Better to have a place where we can say "see here and reply there" to quickly stop it.

jasont, maybe you should start a new thread called "Multi-Trend Strategies" and leave this one to discussing definitions and other mathematical concepts dealing with such a topic. Be sure to link this thread up front so as to make clear the difference between the two. Just a thought.