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Actually, price moves because supply on one side has run out whilst there is new demand for the same side. Consider the following super simple case ASK PRICE||ASK SIZE: 1450.00||50 ASK PRICE||ASK SIZE: 1449.50||40 ASK PRICE||ASK SIZE: 1449.25||20 ASK PRICE||ASK SIZE: 1449.00||10...

I will try to get a quant post on this some time later tonight... Volume is a linchpin to everything that is going on in any chart. I will attempt to make a broadstroke explanation of how it is that Volume operates... MAK

This is a months down the line type of thing... The partial problem with the indicator is that it assumes that all volume is created equal. Although I am not going to dig into the topic right now, I will make some very clear points. Jack made his related points here. Note how the post goes...

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In trading we do not wait for information to become available before making decisions. Rather we analyze the data that is continually available. Why someone would wait until the end of the bar to evaluate the volume is an ERROR. This is a terrific example of what NOT to do in trading. If all the...

Sure... I just want to clarify that over the first 9 bars, I have 2 channels. A TAPE and a larger CHANNEL that encapsulates the TAPE. As with most days, I tape the first several bars simply to get the ball rolling on the day. In the context of the initial CHANNEL and/or TAPE, bar 5 is an FTT...

Your bars 1-4 is your Pts 1 & Pts 2. It seams as though you channeled the TRAVERSE leg of the channel but didn't expect the retrace from the Pt2 that was established on bar 4. I say established because I am cheating and using the V below it so I will ignore it for now. 5, 6, then 7 establishes...

You beat me to it... :cool: I could probably fill in the other half of the chart thats missing... A LA VOLUME!!!

In time we will get to this. I have spent a bunch of time in this arena and have a whole bunch of "engineering tools" that quantify this. At a very simple level, you can consider the resolution. For every ONE tick that ES moves, you will find that YM will have moved MORE THAN ONE YM tick. This...

Call it what you wish. HOWEVER, take note that an FTT has a specific context with which we base our trades off of. The failure part of the FTT is with regards to a projection. The projection is based on a cycling of trading activity. The point is that it is not a pseudo hap hazard labeling but a...

Things will be a bit different here then they were in the equities journal. We have noticed how imperative equities is as a baseline to futures. What you get out of futures that is so important is holding through all that is going on. We have witnessed the share of participants who unfortunately...

SWEET! My biz endeavor (~$400MM) of the last 12 months has finally closed as of this week (ie. now open for biz). The first $1B transaction will go on in a few weeks. In other words, I can't wait to get back to contributing and trading. I have a boatload more tools to get out... Happy New...

Dry Up = Dry Up Here are the options... 1. BO followed by a FBO 2. DU to more DU/VDU 3. BO My experience during this week has mostly 2s a number of 1s and an occasional 3... All options are volume based. You pick off 1 on the Daily PRV... MAK!

The times where they are contrary, you have to use the DOM. Every single charting program out there, including the tick sensitive one, have screwed this up. Here's a quick synopsis since I can't dig too deep into this given your posting history and the hound trolls that usually follow along...

Look up a fellow by the handle of ProfLogic. He is an ace at what he does. You can thumb through ALL of his posts to identify what is a Top/Bottom and whether the extreme is major/minor. Most despise his methodology however, having seen it in realtime, it is top notch. Too often peole focus on...

I AGREE with what jack posts here! This happens everyday without fail. Prescreening before the day begins just makes your monitoring that much easier. Unfortunately, I man turretts and have to keep my eyes peeled in several markets. However, 2.5% if you subdivide the entire market into sectors...

Rather than looking at an exact time, simply "PROFILE" the volume. I think folks are using 2 or 3 min intervals here. It will be as simple as creating a relatively sufficient (ie. 30 days) sample of 2 or 3 min VOLUME bars and then bucketing them into quartiles. The quartile with the smallest...

I unknowingly saw their offices today. Apparently, they are around the corner from my neighborhood. It was only after reading this thread that I connected the complex to the person(s) and busines. I turned down several interviewing opportunities years ago when I knew nothing about the world of...

Personally, rather than picking, you can just watch the leader board and ride shotgun with the leader. As a result, the winners just fall right into your lap. Why ride shotgun with a loser when you can always ride shotgun with a winner. The key is executing exactly when the WINNER becomes the...

You'll have to trust me that I have mapped this out to hedge fund proportions many many months ago (as a result, I have had the time to walk forward and verify results). Those who have been in the hedge fund arena understand that such arenas are neat places to find sharp people but rarely a...