Jump to content

Welcome to the new Traders Laboratory! Please bear with us as we finish the migration over the next few days. If you find any issues, want to leave feedback, get in touch with us, or offer suggestions please post to the Support forum here.

  • Welcome Guests

    Welcome. You are currently viewing the forum as a guest which does not give you access to all the great features at Traders Laboratory such as interacting with members, access to all forums, downloading attachments, and eligibility to win free giveaways. Registration is fast, simple and absolutely free. Create a FREE Traders Laboratory account here.

Recommended Posts

  roztom said:
BTW: He owns one of those fast Cigarette boats and owns several race cars -Type "A" personality... he stands at a podium when he trades... He has a warehouse where he has the largest monitors available up on the walls 54" or something... 6 of them and the fastest technology. He also has a fulltime assistant to handle his orders, etc...

 

He is a VP guy also...

 

I'm always curious, what platform and data feed does a guy like that use?

 

And I hope his assistant is rather plain looking; no distractions needed when throwing around 50 cars... :D

 

I really do like the idea of standing at a podium, I think that's a fantastic way to biologically "force" the body to keep focus.

Share this post


Link to post
Share on other sites
  joshdance said:
I'm always curious, what platform and data feed does a guy like that use?

 

And I hope his assistant is rather plain looking; no distractions needed when throwing around 50 cars... :D

 

I really do like the idea of standing at a podium, I think that's a fantastic way to biologically "force" the body to keep focus.

 

His assistant is a guy...a former floor trader also that he employs..

 

He trades IRT.. I think he uses IQ Feed but his investment in infrastucture was signifigent... he has redundant backup systems.. And I think a dedicated T1 or T3..whichever is fastest.. he is all about his orders getting there faster than the other guy..

 

I use a carrier pidgeon..

Share this post


Link to post
Share on other sites

YOu'lll notice they didn't tick the 94.50 - they got to 94.75... 2 possibilities:

 

1. Buyers are a bit more aggressive or shorts playing the rotation had orders before that Sw Low... & covered..

 

2. I always feel better about being long on these rotations if they would test 94.50 & tick it... then the paper would be pretty much out of there & I would "suspect" a genuine move up...

 

Since it didn't happen then that area is still vulnerable especially over lunch if we don't get going..

 

If I was not long that would be the ideal spot for me to look to position . as you guys have seen me do quite often... just something I see over & over...

 

2 ways to look at it: How can the other guy lose $, where would it most likely happen near an extreme..where would the paper be sitting..just my "logic."

 

 

 

but as Josh says ACH...

Share this post


Link to post
Share on other sites
  roztom said:
His assistant is a guy...a former floor trader also that he employs..

 

He trades IRT.. I think he uses IQ Feed but his investment in infrastucture was signifigent... he has redundant backup systems.. And I think a dedicated T1 or T3..whichever is fastest.. he is all about his orders getting there faster than the other guy..

 

I use a carrier pidgeon..

 

Well, unless he's very near the exchange, and running HFT algos, then I doubt his orders getting there a few ms quicker are going to matter much but to each his own... I do understand the importance though of internet reliability, as I had a multi-month span during the second half of last year where my connection was awful, and not suitable for trading, which was eventually fixed. I traded through it and it taught me to appreciate it when it works flawlessly, as it has been since December.

Share this post


Link to post
Share on other sites
  joshdance said:
Well, unless he's very near the exchange, and running HFT algos, then I doubt his orders getting there a few ms quicker are going to matter much but to each his own... I do understand the importance though of internet reliability, as I had a multi-month span during the second half of last year where my connection was awful, and not suitable for trading, which was eventually fixed. I traded through it and it taught me to appreciate it when it works flawlessly, as it has been since December.

 

I may be mistaken what he runs for internet but he had trunk lines put in..I think he spent $100K to put his trading Wall together.. + build out his trading space.. It is really an amazing site..he is very secretive about what he does... I can say I am very similar in my way of seeing the market.. Our charts are very similar..also he watches market action..just sense of smell...that is what I do..I don't wait for indicators only after I'm in the trade I "hope" the indicators confirm..then I figure others will come in behind me... (hopefully) of course when I get fooled I pay for the priledge of donating tho the floor traders retirement fund..

 

He comes from the floor, he was a local in S&P pit I think for 10yrs so he is comfortable with trading the size for quick hits... unlike me who was always a screen trader and grew up on positions... it is interesting how it is hard to stray from your roots...

 

Back in 2000 - 2001 when I was daytrading NQ exclusively then I was much more aggressive trading the swings...the range during the .COM bust was amazing..also it would trend all day... All you had to do was get short... Those were the good old days.

 

Being realistic, my focus is not as sharp as it was 12 years ago and I experience it every day..that is another reason I have slowed down my trading and sit in a position like this today..If we had ticked that numner 94.25 i would have added & I waited all morning but we shall see...

 

Also the DVPOC is going to shift so we may get more downside rotation to my area..of course I don't want a Neutral day out of htis but ACH... :confused:

Edited by roztom

Share this post


Link to post
Share on other sites
  roztom said:
Our charts are very similar

 

Speaking of which I've never seen your chart before! Don't post if you don't like but I always find it fascinating how people can have so many different views of the same thing :)

 

  roztom said:
Also the DVPOC is going to shift so we may get more downside rotation to my area..of course I don't want a Neutral day out of htis but ACH... :confused:

 

I don't see a vpoc shift in this context as significant. It's just one blob of activity, 94 to 98. A shift in here means much less than if the market were to break out to around 1400, and then rotate there for a while, and get a shift there.

Share this post


Link to post
Share on other sites
  joshdance said:
Everybody got the popcorn popping and your seat ready for Ben's lecture series at GWU in 15 mins?? :D Actually it may be interesting from an academic point of view anyway.

 

Thanks for reminding me... I "forgot" to put it up on my board.. that is the kind of lack of focus that will kill you...

 

The structure is currently still friendly to the upside but he could screw it up...

 

Of course he is "supporting" the incumbent so I don't think he wants to screw up but the market is overdue for a real correction so this could be a catalyst for a Neutral / Long Liquidation... GRRR : ACH:helloooo:

Share this post


Link to post
Share on other sites
  joshdance said:
Speaking of which I've never seen your chart before! Don't post if you don't like but I always find it fascinating how people can have so many different views of the same thing :)

 

 

 

I don't see a vpoc shift in this context as significant. It's just one blob of activity, 94 to 98. A shift in here means much less than if the market were to break out to around 1400, and then rotate there for a while, and get a shift there.

 

I was refering to my friends charts... we use very similar stuff..he also uses composites, etc... I have more stuff on my charts Multiple periodocity to get they key stuff all in one place since I have had to compensate for my loss of focus having 4 monitors , 5 charts + MP/VP..

Share this post


Link to post
Share on other sites
  roztom said:
Thanks for reminding me... I "forgot" to put it up on my board.. that is the kind of lack of focus that will kill you...

 

The structure is currently still friendly to the upside but he could screw it up...

 

Of course he is "supporting" the incumbent so I don't think he wants to screw up but the market is overdue for a real correction so this could be a catalyst for a Neutral / Long Liquidation... GRRR : ACH:helloooo:

 

It is just a lecture series, and I highly doubt he will say anything market-moving, monetary policy related. This is meant, to my understanding, to be just an academic perspective, and will not contain anything newsworthy.

Share this post


Link to post
Share on other sites

Josh/N: DO you guys use the alerts in IRT that will tell you when the VPOC is going to shift and then when it does shift?

 

If so, are they intermittent or do they work all the time?

 

t

Share this post


Link to post
Share on other sites

I was actually looking at that the other day. I'd like to explore the different alarm options at some point, if not for ES or whatever I'm trading, for other products that are correlated but I can't watch as much.

Share this post


Link to post
Share on other sites

BTW: While the profile looks ok the 15m bar chart looks like poop... the flag structure is going sideways which is bad .. I am pulling out to a longer timeframe for the bar chart... it looks nicer the longer you go..30m & 60 min...

 

Still a flag on the longer timeframes...

 

Maybe my buddy is right he'd be grabbing these rotations... I'm not awake yet...

Share this post


Link to post
Share on other sites
  roztom said:
BTW: While the profile looks ok the 15m bar chart looks like poop... the flag structure is going sideways which is bad .. I am pulling out to a longer timeframe for the bar chart... it looks nicer the longer you go..30m & 60 min...

 

Still a flag on the longer timeframes...

 

Maybe my buddy is right he'd be grabbing these rotations... I'm not awake yet...

 

It'll always look nice on one timeframe or another.

Share this post


Link to post
Share on other sites

"Mr. Lind" has not but I sent him the chart definition for my most intensive chart..

 

It is possible that it is just my set up has too much stuff going on and the fact that my charts go back to capture the data for the composites is very intensive..might be all there is to it..but I know you guys do the same thing & Josh's set up is cool as a cucumber..

Share this post


Link to post
Share on other sites
  TheNegotiator said:
It'll always look nice on one timeframe or another.

 

The 60m is a very clean flag. projects to 1402 area... I typically don't look any further than the 15m but If I'm going to sit in a market for hours then I need to look at hours...

 

Back in the stoneage when I was writing trading systems I was very aggressive... I used 15m bars instead of daily..You had to go to data vendors and buy it in the timeframe you wanted... very expensive...

 

That is why I like 15m bars..back when I was doing the system design having 15m bars was :haha: "radical."

 

BTW: I also have a micro LVN 1402.25 & CLVN 1405.00 & CHVN 1404.25... and 1402.75 closing swing low.. a lot of stuff there. .

 

My memory alarm just went off at 404M

Edited by roztom

Share this post


Link to post
Share on other sites

This pop up had the character of a stop run, and then one last ditch attempt to make it look real, but ultimately I think we will head back down. That's a bold statement but I will offer 99.50 to see if it's right or not.

Share this post


Link to post
Share on other sites
  joshdance said:
This pop up had the character of a stop run, and then one last ditch attempt to make it look real, but ultimately I think we will head back down. That's a bold statement but I will offer 99.50 to see if it's right or not.

 

 

Bum... We need you to "Buy, Buy, Buy..Turn the machines back on, Turn the machines back on"... Trading Places..

Share this post


Link to post
Share on other sites
  roztom said:
CYP: How have you been? Haven't seen you lately...

 

Tom,

 

Ah, what timing you have!!! I have been in transition with my other job and am just getting settled into the new environment. However, I've been monitoring your guys' chats here and there but my focus has not been as "in-tune" as it should be. I continue to kick myself for trying to outsmart the market...when will I learn?

 

Currently long since 1392.75. Thinking we'll head towards the flat-line (not sure we'll make it). Plan to lock target at 1401 and prepare for reversal.

 

Thanks for asking and I still enjoy and appreciate all the banter and perspectives from you, Josh, and Negotiator...(and Steve46 whenever he pops in)...

 

Regards,

 

CYP

Share this post


Link to post
Share on other sites
  CYP said:
Tom,

 

Ah, what timing you have!!! I have been in transition with my other job and am just getting settled into the new environment. However, I've been monitoring your guys' chats here and there but my focus has not been as "in-tune" as it should be. I continue to kick myself for trying to outsmart the market...when will I learn?

 

Currently long since 1392.75. Thinking we'll head towards the flat-line (not sure we'll make it). Plan to lock target at 1401 and prepare for reversal.

 

Thanks for asking and I still enjoy and appreciate all the banter and perspectives from you, Josh, and Negotiator...(and Steve46 whenever he pops in)...

 

Regards,

 

CYP

 

Good to see you... Nice trade location... Good luck..

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.


  • Similar Content

    • By Quantower
      The main goal of this thread is to show what Power Trades is and how it works in different markets. We will show some patterns on the ES and NQ futures, as well as discuss possible improvements to this functionality.
      What is Power Trades?
      Ok, first we will consider what the Power Trades is and how it finds zones.
      Power Trades shows the zones with the execution of a large number of orders in a very short time, which will affect the price change with a high probability.
      Here are a few examples of how it looks like


      How it finds zones?
      There is a continuous process of placing, changing and executing orders in the market. All this affects the price change and the expectations of traders regarding the future price.
      When a large order appears at a certain level, the price is more likely to come to this order and it will be executed because the market is always looking for levels with liquidity. This already applies to the order flow and the mechanics of orders matching, so we will omit the principles on which the orders are matched.
      It is only important to understand that "abnormal events" occur in the market at certain times. Execution of a significant volume of orders in a very short time is one of such events.
      The Power Trades Scanner has several important settings that directly affect the results:

      Total Volume — the minimum value of the volume that should be traded during the specified time interval
      Time Interval, sec — the time over which the Total Volume should be traded
      Basis Volume Interval, sec — this parameter shows how much % took the traded volume in the total volume for the specified time.
      Zone Height, ticks — this parameter will show only those zones where the height is less than or equal to the specified value (in ticks).
      Level2 level count — the number of levels that are involved in the calculation of Imbalance and the Level 2 Ratio column in the table of results.
      Filter by Delta,% — the parameter will show zones that have a delta value greater than or equal to that specified in the setting. The value must be specified by the module, so the table will show both positive and negative delta values. We recommend paying attention to the zones with the delta above 50% (taking into account the specifics of each trading instrument).
      For example, let's set the Total Volume of 2000 contracts and Time Interval in 3 seconds on the E-mini SP500 futures. This means that the scan will be based on the available history and will show on the chart only those zones that have such a volume for the specified time.

      Additionally, it is worth to set a delta value to filter out the zones with one-side trades. The more delta value, the high probability that the price will reverse.

      So, as a starting point about this scanner, I think this information will be enough
    • By makuchaku
      Hi everyone,
      This is my maiden analysis using volume profile - so please don't hesitate to share your feedback.
      As per the attached analysis, I think that SPY is primed for a short - for many reasons
      - Multiple strong rejection of long positions exist at Resistance R1 and R2 : seems like sellers defending their positions
      - Very strong short volume seen at R2 : further signifying sellers who are ready at that level
      However, once the price reaches Support S1, there seems to be a strong buying sentiment which has rejected previous shorts. You can see trading ranges & pullbacks to S1 where buyers and sellers seem to agree on a price range, often leading to a buyer dominance.
      What do you think?

    • By TraderJoe
      Hey All,
      does anyone sell Volume Profile Indicator for NT8.
       
      Regards
  • Topics

  • Posts

    • Thx for reminding us... I don't bang that drum often enough anymore Another part for consideration is who that money initially went to...
    • TDUP ThredUp stock, watch for a top of range breakout above 2.94 at https://stockconsultant.com/?TDUP
    • How long does it take to receive HFM's withdrawal via Skrill? less than 24H?
    • My wife Robin just wanted some groceries.   Simple enough.   She parked the car for fifteen minutes, and returned to find a huge scratch on the side.   Someone keyed her car.   To be clear, this isn’t just any car.   It’s a Cybertruck—Elon Musk's stainless-steel spaceship on wheels. She bought it back in 2021, before Musk became everyone's favorite villain or savior.   Someone saw it parked in a grocery lot and felt compelled to carve their hatred directly into the metal.   That's what happens when you stand out.   Nobody keys a beige minivan.   When you're polarizing, you're impossible to ignore. But the irony is: the more attention something has, the harder it is to find the truth about it.   What’s Elon Musk really thinking? What are his plans? What will happen with DOGE? Is he deserving of all of this adoration and hate? Hard to say.   Ideas work the same way.   Take tariffs, for example.   Tariffs have become the Cybertrucks of economic policy. People either love them or hate them. Even if they don’t understand what they are and how they work. (Most don’t.)   That’s why, in my latest podcast (link below), I wanted to explore the “in-between” truth about tariffs.   And like Cybertrucks, I guess my thoughts on tariffs are polarizing.   Greg Gutfield mentioned me on Fox News. Harvard professors hate me now. (I wonder if they also key Cybertrucks?)   But before I show you what I think about tariffs… I have to mention something.   We’re Headed to Austin, Texas This weekend, my team and I are headed to Austin. By now, you should probably know why.   Yes, SXSW is happening. But my team and I are doing something I think is even better.   We’re putting on a FREE event on “Tech’s Turning Point.”   AI, quantum, biotech, crypto, and more—it’s all on the table.   Just now, we posted a special webpage with the agenda.   Click here to check it out and add it to your calendar.   The Truth About Tariffs People love to panic about tariffs causing inflation.   They wave around the ghost of the Smoot-Hawley Tariff from the Great Depression like it’s Exhibit A proving tariffs equal economic collapse.   But let me pop this myth:   Tariffs don’t cause inflation. And no, I'm not crazy (despite what angry professors from Harvard or Stanford might tweet at me).   Here's the deal.   Inflation isn’t when just a couple of things become pricier. It’s when your entire shopping basket—eggs, shirts, Netflix subscriptions, bananas, everything—starts costing more because your money’s worth less.   Inflation means your dollars aren’t stretching as far as they used to.   Take the 1800s.   For nearly a century, 97% of America’s revenue came from tariffs. Income tax? Didn’t exist. And guess what inflation was? Basically zero. Maybe 1% a year.   The economy was booming, and tariffs funded nearly everything. So, why do people suddenly think tariffs cause inflation today?   Tariffs are taxes on imports, yes, but prices are set by supply and demand—not tariffs.   Let me give you a simple example.   Imagine fancy potato chips from Canada cost $10, and a 20% tariff pushes that to $12. Everyone panics—prices rose! Inflation!   Nope.   If I only have $100 to spend and the price of my favorite chips goes up, I either stop buying chips or I buy, say, fewer newspapers.   If everyone stops buying newspapers because they’re overspending on chips, newspapers lower their prices or go out of business.   Overall spending stays the same, and inflation doesn’t budge.   Three quick scenarios:   We buy pricier chips, but fewer other things: Inflation unchanged. Manufacturers shift to the U.S. to avoid tariffs: Inflation unchanged (and more jobs here). We stop buying fancy chips: Prices drop again. Inflation? Still unchanged. The only thing that actually causes inflation is printing money.   Between 2020 and 2022 alone, 40% of all money ever created in history appeared overnight.   That’s why inflation shot up afterward—not because of tariffs.   Back to tariffs today.   Still No Inflation Unlike the infamous Smoot-Hawley blanket tariff (imagine Oprah handing out tariffs: "You get a tariff, and you get a tariff!"), today's tariffs are strategic.   Trump slapped tariffs on chips from Taiwan because we shouldn’t rely on a single foreign supplier for vital tech components—especially if that supplier might get invaded.   Now Taiwan Semiconductor is investing $100 billion in American manufacturing.   Strategic win, no inflation.   Then there’s Canada and Mexico—our friendly neighbors with weirdly huge tariffs on things like milk and butter (299% tariff on butter—really, Canada?).   Trump’s not blanketing everything with tariffs; he’s pressuring trade partners to lower theirs.   If they do, everybody wins. If they don’t, well, then we have a strategic trade chess game—but still no inflation.   In short, tariffs are about strategy, security, and fairness—not inflation.   Yes, blanket tariffs from the Great Depression era were dumb. Obviously. Today's targeted tariffs? Smart.   Listen to the whole podcast to hear why I think this.   And by the way, if you see a Cybertruck, don’t key it. Robin doesn’t care about your politics; she just likes her weird truck.   Maybe read a good book, relax, and leave cars alone.   (And yes, nobody keys Volkswagens, even though they were basically created by Hitler. Strange world we live in.) Source: https://altucherconfidential.com/posts/the-truth-about-tariffs-busting-the-inflation-myth    Profits from free accurate cryptos signals: https://www.predictmag.com/       
    • No, not if you are comparing apples to apples. What we call “poor” is obviously a pretty high bar but if you’re talking about like a total homeless shambling skexie in like San Fran then, no. The U.S.A. in not particularly kind to you. It is not an abuse so much as it is a sad relatively minor consequence of our optimism and industriousness.   What you consider rich changes with circumstances obviously. If you are genuinely poor in the U.S.A., you experience a quirky hodgepodge of unhelpful and/or abstract extreme lavishnesses while also being alienated from your social support network. It’s about the same as being a refugee. For a fraction of the ‘kindness’ available to you in non bio-available form, you could have simply stayed closer to your people and been MUCH better off.   It’s just a quirk of how we run the place and our values; we are more worried about interfering with people’s liberty and natural inclination to do for themselves than we are about no bums left behind. It is a slightly hurtful position and we know it; we are just scared to death of socialism cancer and we’re willing to put our money where our mouth is.   So, if you’re a bum; you got 5G, the ER will spend like $1,000,000 on you over a hangnail but then kick you out as soon as you’re “stabilized”, the logistics are surpremely efficient, you have total unchecked freedom of speech, real-estate, motels, and jobs are all natural healthy markets in perfect competition, you got compulsory three ‘R’’s, your military owns the sky, sea, space, night, information-space, and has the best hairdos, you can fill out paper and get all the stuff up to and including a Ph.D. Pretty much everything a very generous, eager, flawless go-getter with five minutes to spare would think you might need.   It’s worse. Our whole society is competitive and we do NOT value or make any kumbaya exception. The last kumbaya types we had werr the Shakers and they literally went extinct. Pueblo peoples are still around but they kind of don’t count since they were here before us. So basically, if you’re poor in the U.S.A., you are automatically a loser and a deadbeat too. You will be treated as such by anybody not specifically either paid to deal with you or shysters selling bejesus, Amway, and drugs. Plus, it ain’t safe out there. Not everybody uses muhfreedoms to lift their truck, people be thugging and bums are very vulnerable here. The history of a large mobile workforce means nobody has a village to go home to. Source: https://askdaddy.quora.com/Are-the-poor-people-in-the-United-States-the-richest-poor-people-in-the-world-6   Profits from free accurate cryptos signals: https://www.predictmag.com/ 
×
×
  • Create New...

Important Information

By using this site, you agree to our Terms of Use.