When I observe the Level II, the times I get killed is when I see the bids piling up and the ratio of bids to ask are way in the long favor. I enter the trade long and the bids get pulled or there are a ton of offers that are hidden.
Is there a secret to unlocking that mystery?
RE : By grouping different market participants by their reaction time to any price change I have constructed the Market Sentiment Spectrums. What are they? They are correlation functions of New sizes on either Bid Side or the Ask Side of the book followed by the price moves.
How is it...
Turok
RE The problem for testing is that you add/change rules *after* the testing shows poor results
What prompted the adding of the trailing stop abogdan was an AMGN long positon on the model I was running.
There was not a situation of poor results in this case, unless you were...
Now I can see why you use computer robots. It would be tough following even 5 stocks with triggers and trailing stops. and targets and reversals.
It would suck to get withing 99% of the target and miss.
KLAC covered short
MXIM covered short
ERTS covered short
INTU covered long
AMGN hold
AMAT covered long
QLGC covered short
Don't know how many flips. I don't care what you call it, but it seem good...
You mean like "TA doesn't work"?
I am new in town, where was that post? Seems to me abogdan is a member of the TA religion. I have not seen posts on stock PE's from him.
RE Turok "That's funny abogdan. You come into a forum where the vast majority utilize some form of TA and make the blanket statement..."TA doesn't work". That would make YOU the guy who opposes pretty much everything EVERYONE has to say on this forum. (yes, that is an exaggeration, but the point...
You gave me 6 stocks KLAC, MXIM, ERTS,INTU,AMGN,AMAT.
TODAY THE RESULTS WERE
KLAC CLOSE LONG AND SHORT
MXIM CLOSED LONG
ERTS CLOSED SHORT
INTU CLOSED SHORT
AMGN CLOSED SHORT
AMAT CLOSED SHORT.
LETS SEE WHAT HAPPENS THIS AFTERNOON
All's I was looking at was the equity trades on abogdans statement. When I looked at the rest there were 10 equity trades and 8 option trades only 1 looser. But that was only the last week of the month. The account was up 500k where only 225 k was put in the account. Seem to me Winning...
All 5 stock hit there upside targets. I did notice that KLAC, did trade alot around its open and was tough to get on the right side. It looks like using this model we know the open and where it can mostlikely go on the high and low, but getting on the right side at the right time takes talant...
what blew me away was that every trade he made that week were profitable. There were only 10 round trip trades that week for a profit of 2,400. Are you kidding me. How the hell can anybody make 10 trades in a row that are profits.
Just read your posting on the volatility of KLAC the AM. Given the open of 58.87 on KLAC, targets up and down were 59.46 and 58.28. The high interplay was 59.44. the Low target was barely crossed at 58.27.
Do you think that is coincidental or are the arbs and traders playing this game...
To be honest with you I would love to hear level II than see it. Level II at times moves so fast I can't see "it all". Especially when you get older you can't see as you saw when you were 20. Maybe thats why most liquidy traders in my business are young.
I can tell by your Dark Side of...