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I want to look at a large number of PnF "last prices" in esignal using each stock's 65d ATR as the basis for the box and reversal amounts. I don't actually need to look at the chart, I just need to see if the last movement on the chart was an "X" or and "O". Ideally, I would have a large quote...

Great post, Rabbitone. Very succinct. The concept of 'inventory turnover' has been an important lesson in my own trading.

Whoa, deep.

Wow, there is a lot of pseudo trader-religion BS going on in this thread. People find it useful to get all philosophical about trading, and that's fine -- but don't bring the fucking pyramids into it. Trading is work. There is no secret to hard work. Success has nothing to do with Ancient...

I agree 100%. Allowing large open-loss/gaping wound positions to develop damages the psyche more than anyone will admit. Today's up day probably created a large amount of buyers anxiety in a lot of traders. Especially those with large open losses trying to get back to break even...

Leveraged Funds are a decaying asset. They seek to multiply the performance of their benchmark on a DAILY basis. There is no free lunch. If these funds could deliver 2Xs the S&P over the long haul, then why would anyone pay 2/20 to a hedge fund trying to so the same thing? The decay is...

Interesting that IB will not let you post against the imbalance after 3:40. Isn't that the whole point? I don't have any experience trading imbalances at IB, and I'm not really familiar with any third party services that have the imbalance data. I'm going to check out the NOII that you...

tschm71448, Are the continuously updated imbalances available to everyone including retail traders? I was under the impression that most traders did not have access to the rolling imbalance data. Thanks for the update either way.

Well said, Maestro.

The NYSE specialist must open and close his stock on a balanced print based on how many orders he has to buy and sell. The imbalance of these orders is posted in the premarket and 20 minutes before the close. The closing imbalances are also updated at 3:50 EST. Orders placed to offset the...

3:40 is when the NYSE closing imbalances are posted.

Great spreadsheet, caementarius. I've been going down a similar path trying to hedge naked positions overnight with ETFs & correlated stocks. My biggest problem has been position sizing for the relative volatility. I've been doing things in a very simple manner (possibly too simple). For...