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Hi Surf, Disagree, volume charts are no magic bullet, it is just for certain type of trading they work the best. I trade momentum, and volume charts capture it best to anything else I have used and studied. I trade very short term (minutes) and the clarify I get with volume bars is nothing...

Just finished reading the book. I liked it. My favorite 2 interviews were Chuck Hays and Paul Villette, guess I am biased towards stock index futures, so that’s probably why. The interesting thing about this book that the traders are retail and therefore a lot of things they say can be...

Good explanation to show why switch is needed for those who can not understand with 3 cups example, almost typed it myself before seeing this post.

WSJ Veteran Trader Loses Investor, Closes a Fund By GREGORY ZUCKERMAN October 10, 2007; Page C2 The roller-coaster career of maverick trader Victor Niederhoffer took a sharp downturn after losses mounted and a key investor withdrew money from his firm, demonstrating how the market's...

Mirus offers zen-fire, which is a great feed, excpet for Eurex (DAX) where every trade is reported with volume 99. If you do not need volume, it is a great way to go. Velocity offers TT feed with Ninja Front end.

Do not forget that a lot of instruments that hedge funds hold are tied to models and not real markets where they can be valued. And models can be tweaked to misrepresent reality. I said it before, that the holly grail of trading/investing is OPM.

One of the best I have seen is Gartman Letter, but it is really expensive about $400 per month. Then agian, unless you investing, it is just a good read, not really applicable to day traders.

Where did you read this? Is this true?

Tick and Volume charts are very close. They both move only when something is going on, and are perfect to catch momentum. I found volume charts to be easier to spot momentum since every bar represent constant # of contracts. With tick bar you can have several very large trades, but every one...

I do not trade ES right now. Though it is a market where I eventually want to be.

Tim, At the end of Wall Street Warriors, you sound upset when you mention how hard it is to raise money for young fund managers. Then you invest large chunk of your fund into illiquid and pink slip traded stock. And I remember you saying on one of the threads that you did it to impress...

Totally agree. Customer funds should never be put with another entity where risk of default is higher then in Harris Bank for example. Hopefully Velocity will not do it again. Also, I would be creaful with Canadian broker as far as execution goes. How fast and reliable are they?

It is different for each market. For DAX I use 144 volume.

I trade of volume charts. Very short term.

Hi OldTrader, I did not mean that your posts were irrelevant. I do not remember exactly who posted there, but there were a lot of posts that while deleted did not alter the purpose of the thread. But, I did not like tool that they were deleted. But to delete the whole thread is outrageous...

I have started a thread in August called “Is Velocity in Jepardy”. The purpose of this thread was to analyze the situation in which Velocity put itself be depositing customer funds with now bankrupt Sentinel FCM. Velocity came out well out of this mess. All customer requests for...

Strongly disagree. DOM is of paramount importance. I have started a thread where we discuss the ways it can be used. http://elitetrader.com/vb/showthread.php?s=&threadid=103293

Hi Grant, The question you asked is why I started this thread. It is logical that the price should move towards the path of less resistance, in your example, it should go higher since 100 on offer is much easier to penetrate then 1000 on bid. However, as I and others have stated this not...

This post is The Holly Grail of intra day trading. If only people realized this and adhere to it, there would be a lot more winners.

One more post in this area. I was not talking to about me. The thread will soon go over 1000 pages. And it will stay here for many years to come after it is closed. Many will read it. I listed the reason why it should be done in my response to Spyder on this page.