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dandxg
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Everything posted by dandxg
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I am definitely no pro, but I am a member of his site. If I wasn't so immersed into price and volume via Wyckoff and VSA I would still be with him. He is a good guy and good teacher.
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I think the main point is trading with price and volume. I am familiar with that thread, Steve 46 and Prof Logic. You would get similar results with 2000 CVB IMO. In the past Steve was a proponent of VSA which you obviously aren't. I think a logical argument could be made for using market profile, since it's price and volume as well. Price and volume, the lowest common denominator for success IMO. S/R would be third priority on my list. Armed with those three you don't need anything else.
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Thanks for posting. I hadn't heard of this one.
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I have done both hypnosis and NLP in the past. Both work well. You reminded me I should get back to them. In college, while I never took the formal course in TM, I read some books on it, and it worked well. If I was going to try TM again I would give these folks a try. http://www.natural-stress-relief.com/ No I am not affiliated in anyway. The TM course is just so expensive, last time I checked around $2k USD. So much of trading is psychology IMO.
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Not sure what you mean by money management tools? Something like auto shut down after certain $$$. Never used that. I don't think either has free wire transer not sure though? Velocity wire within a day, when I used Dorman with Zen through Pro Active Futures, not Mirus but same clearing firm, I had check cut it took a few days. I have been with TransAct for over year so going off memory. My exp. with Mirus comes from talking and meeting with them several times. The only reason I used Pro Active was a the time the rate was 50 cents less RT for same Zen feed. I would have no problem recommending either though.
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I think the OP was referring to Velocity Futures vs. Mirus and not Velocity FX which I believe you are referring to correct? My understand they are not the same. I have used both in the past, both are 8+ IMO. I don't have time to go pros and cons. There are write-ups on both on ET just like this thread. There is no perfect broker. I am relatively happy with TransAct, but they do a poor job of responding to e-mails too. Unless you live out of country just call your broker, don't e-mail, unless it's for a rate quote and you need it in writing. Brokers are too busy too answer every e-mail. I know when I was with Velocity Futures they wouldn't return e-mails, but read them and call you, much quicker. It's speed of light business with low margin with a staff of a few. Things that I look for in a broker. 1. Do you answer the phone in less than 3 rings on trade desk? 2. Reliability of platform and data 3. $$$ of comm. I would add Advantage Futures to the list of contenders I have heard well of. GL
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Thanks much Eiger. I would respond more but my computer is being difficult. Oh the beauty of Microsoft.:o
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Sebastian, hope the rating went through never did that before. Here is a chart I want to post that hopefully Eiger and yourself could respond to. This is one that really causes me confusion. Now mind you I didn't buy the test on this 3 min because, thanks to you and Eiger I didn't first have a succesful test on a 15 min or higher time frame. I know it's FOMC announcement too. Anyway at the right edge of the chart as Gavin like to say, it hard, IMO, to tell if this is absorption volume/pushing up through supply or a buying climax which this turn out to be. See how A is a high volume up close greater than the supply line and upthrust to the left? Then right after A we get a test, which fails, and then at the PDH, which is a S/R I use and works often, but no it turns out to be a BC and not absorption volume. Do every one else see the confusion on this or is it just me. No if like me you are contemplating buying a test on close you would have been stopped out very quick. What am I missing? This just seems like a toss up whether it's a BC or absorption volume many times and one doesn't know until minutes later. TIA
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Thanks for the re-posted link. I was watching another Sebastian video and was offered the one I was looking for, very good! Wow, not sure I want to even try a video after Sebastian does one the mark is so high. And thanks very much Sebastian for taking the time to do it. All of your videos contain so much useful information.
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Can you reposte Sebastian? The link doesn't work. Should I contact Gavin if interested in Aspen? I live in Denver and would be interested. It would be nice to meet some of face to face. Good trading to all.
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Sure agreed. I just need to figure out how to do a video as I web cam and camstudio and camtasia. In the mean time I will check out Seebastians' which is much appreciated.
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Eiger, honestly I am weak at graphics on charts and don't know how to annotate yours. I just learned snag it, but I will give it a go if ok. 11. UT AA. SC BB and A. ND B. Shakeout and I think a Wyckoff Spring? C. UT D. Test in a rising market E. Not sure, but I think it's SOT? Doesn't appear to be VSA as I recall? F. Another test G. Another shakeout H. UT CC. I believe a test? DD. Absorption volume or pushing up through supply I. This one throws me off all the time. Not sure if it's buying climax or absorption volume? J. Test K. UT L. Test, but supply is greater than it should be I believe? M. UT N. Shakeout but not sure? CC. Buying climax DD. SOT not sure, never taken original Wyckoff? O. ND P. Not sure? Q. Looks like classic test, but with a possible buying climax in the background not sure I would want to do anything other than scalp that. Sorry I can't annotate trend lines. If I were to use them, and they are one of my weaker spots for now, I would connect at least 2 lows and 1 high. So I would start with the high of AA to BB, after BB is formed, and definitely AA to B as we need a min of 2 hits in a uptrend. Thanks for making me rise to the challenge, it's good practice.
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Hi Eiger I was wondering if you could answer a question please. When you look at globex highs and lows do you only make note of them on days when there is a significant report such a NFP is on Thursdays or do you look at them on days even where there is no pre-market reports? Good trading to all. Dan
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Hi Eiger great post, please don't apologize for the length, that's a benefit. More detail is better for learning. I have been really busy and haven't had time to post but I will soon.
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Winnie I will chime in if ok? I was reviewing Eiger's posts and taking trades off the short time frame only after you see a set up on a higher time frame will help very much IMHO. That is a critical point he reminded us of. I recall when Sebastian brought it up months ago in a TG seminar, but it had slipped my mind. Kudos to both for bringing it up. When I get a moment I will post a chart. For now when you see a selling climax and then a successful test on a higher time frame, say a 15 min and above, looking for a test on a smaller time frame such as a 3 min or 5. The other alternative that can work from my experience and can be used in conjunction is to find areas of S/R that you believe and test them and only take trades with VSA in those areas. I was fortunate enough to hear Todd Kruger speak a couple of weeks ago and he was stressing not to simply take price volume set up anywhere on the chart. They need to be in areas of S/R. Middle of range pass. We need to all remember good trading is very boring, like counting cards, we look for asymmetrical opportunities and strike then. I mention this to remind myself as well. Good trading to all. Dan Post Edit. Just thinking for clarification purposes I was referring to horizontal S/R not the trend channel form although both work great from my exp.
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That's beautiful Eiger. Did you hit those deer with paint balls. They are awfully red!:o I back to open space but not quite that much.
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Yes thank you Eiger very much for the time and effort you put in to TL. Your posts are very helpful.
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Is It Me or is It Sierra Charts/OEC Feed.
dandxg replied to strtedat22's topic in Technical Analysis
That means there will be a 900 millisecond delay between your charts and your feed, since there are 1000 milliseconds in 1 sec. If you have a real fast CPU the fast you can go as fast is a 50 millisecond delay. -
Tim Ord - "The Secret Science of Price and Volume"
dandxg replied to Simple's topic in Beginners Forum
I believe all Ord did was study Wyckoff and put his own spin on it. That's neither good nor bad IMO it just is. I took a look at him and there is nothing ground breaking IMO. For those of you that have Ensign charting you can track volume in swings, trendlines, geometric forms, etc. I just found some bugs in Ensign, nothing huge, and am rather comfortable with Sierra. That and I found I just don't need such exactness but some may like what Ensign can do with volume. -
Hi Nic, I assume you have read both of Dalton's work correct? Do you like Alexander that much more? Sorry if it's a silly question. I am just trying to find out in more detail what you like about it, that's all. I am just attempting to learn and blend MP with Wyckoff and general price volume analysis. BTW you and Db are doing a great job on that thread. Good trading to all. Dan
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Mr. Ed, they didn't suggest a thing, it's just something I realized one day on my own thinking about it. It was actually months back, it just slipped my mind, otherwise I would have mentioned it sooner. The important point is if you are trading with VSA, which has a very specific set of conditions, an ND for example, make sure that the time periods you look divide equally. Another point which an OP made that I raised to Sebastian on one of the webinars TG did a couple of months back is consider the players who affect a given period of day. For example, TG was looking for a short in GBP and Gav said he would be watching volume up til London forex open. So I ask, because my understanding is the Europeans and folks in America trade forex more than any one although I don't trade forex. Are you doing to discount the Asian session for volume? This isn't meant to slam TG at all, because I am grateful for what I learned from them. Anyway I not trying to start a VSA controversy just point out some things I noticed, that's all.
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I am not sure if this is redundant or not but it may help some folks so here goes? Have any of you that use VSA noticed that when you get a good trade set up occur you can drill down to a really fast chart even a 1 min a have a virtually risk free scalp most times. I need to test it a bit more but it shows a lot of promise. For instance you see dist. on a 240 min chart if you are trading forex and then you see a UT, a 2 bar UT, or ND, any combo thereof and then go to a fast chart could be 5,3, whatever and then wait for a corresponding short and hit it. The higher the time frame the easier it tend to propel your scalp because the big money is propelling the trade in your direction. They other thing I noticed which is faulty IMO that deserves attention is in the past TG would suggest a 240 min for ES, and ER2 as well as forex when there aren't a equal number of 240 min periods in RTH. There are 2, 202 min and 30 seconds period because there are 405 in RTH ES and ER2 while YM has more, I don't trade it. Why does this matter? Because is you are looking for something very specific then you better make sure you don't cut bars short, otherwise you are seeing a false image. Another example, the suggestion of 60 minute charts. 405 divided 60 doesn't divide equal so I suggest either 45 or drop the last 60 minute bar because what your are looking at is incorrect. Anyway you get the point. Just wanted to bring it to light. Good trading to all. Trading price and volume made realize that every time I take a trade there has to be simple logic and hopefully the points above are logical to you. As a good friend told me if you can't explain in less the 60 seconds to a lay person the logic for why you are taking this trade you got a problem.
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Thanks both of you for this thread. I am sure it will be a favorite at TL.
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Thanks for letting us know it's from big charts. I could never get my VP in Sierra to look anything like that. It always showed as dynamic or "globbed" together and it never looked as clear as the ones you showed in this other pictures.
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And now back on point. Today from a price volume standpoint has me a bit concerned. The ES closed on the low of the daily bar with volume showing of about 1.8 mil. This is going into the day of strength of April 1st with about 2.3 showing. If we blow through that low with volume, 1315.75, that's only 20 points to go, we got problems and could easily smoke right down to into the strength exhibited on March 17th. Taking out the 17th would be feat with almost 4 mil on that day, but who knows?