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AHG - Profitable Strategy for Struggling Traders
- Thread starter Anekdoten
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I'm glad you made this point a bit more specific. "Watching the tape" is a bit too vague but this helps.Quote from Anekdoten:
As far as the exits, I monitor the tape on a consistently basis, when big money is dumping at market around resistance points, if you are long, it's a given to get out too. Reverse for when you are short, you see huge market orders at support, if short, cover immediately.
In terms of analysis this is the extra info that a chart cannot show, which is good to be aware of when you look at old charts. I would recommend using NinjaTrader's market recorder and then just replay and study the T&S at the s/r levels and see if anything becomes apparent. Good way to really break down the action in hindsight.
I'm new to constant volume charts but I realized how it's very handy in determining the commitment of moves at a glance.
The # of bars in a swing is the total volume of that swing. So, the volume that goes in pushes prices up by an amount, if those trades are unwound it would take the same number of bars to turn them over (assuming no new players of course).
Anyway, it's easier to see than on a time chart because it's just about comparing the horizontal distance between swings. Equal distance, equal volume for the move.
So, if a retracement is half the bars of the previous advance, only half the volume was unwound. This is good info and is instantly available unlike on a time based chart.
Anyway, I just wanted to put that out there, it's obvious when you think about it, but I find myself looking at CV charts as if they were time charts which I don't think is prudent.
The # of bars in a swing is the total volume of that swing. So, the volume that goes in pushes prices up by an amount, if those trades are unwound it would take the same number of bars to turn them over (assuming no new players of course).
Anyway, it's easier to see than on a time chart because it's just about comparing the horizontal distance between swings. Equal distance, equal volume for the move.
So, if a retracement is half the bars of the previous advance, only half the volume was unwound. This is good info and is instantly available unlike on a time based chart.
Anyway, I just wanted to put that out there, it's obvious when you think about it, but I find myself looking at CV charts as if they were time charts which I don't think is prudent.
Quote from notam:
I'm glad you made this point a bit more specific. "Watching the tape" is a bit too vague but this helps.
In terms of analysis this is the extra info that a chart cannot show, which is good to be aware of when you look at old charts. I would recommend using NinjaTrader's market recorder and then just replay and study the T&S at the s/r levels and see if anything becomes apparent. Good way to really break down the action in hindsight.
This may be a stupid question, but I use tradestation and pulled up time and sales. I couldn't understand it. I moved very fast. Can someone explain to me how it is used to see what big money is doing?
Thank you to anyone who can help.
Quote from JtraderK8:
Anek,
Is this a good example of a magic tick in math terms? E.g
Short
Close.1 < Low.2 and Close.0 < Low.1
Long
Close.1 > High.2 and Close.0 > High.1
1 prior bar
2 prior 2 bars
0 current bar
How would you like a paintbar for this condition?
just an opinion but I am pretty sure the magic tick is a tick, not a bar... does that mean you should market buy/sell once you see it? i don't think so. i think it's just a confirmation of the signal and its up to you to place either a limit order (somewhere in middle of prior bar) or if momentum is strong, a market order...
il2t
I was just looking at a 15-day 60-minute chart.
If I look at all of the data including after hours I can see a nice 3 pushes down pattern.
If I look at "trading hours only" I don't see the pattern.
My question is when studying a multi-day chart like this should I be using all of the data, or just "trading hours only".
If I look at all of the data including after hours I can see a nice 3 pushes down pattern.
If I look at "trading hours only" I don't see the pattern.
My question is when studying a multi-day chart like this should I be using all of the data, or just "trading hours only".
Quote from c.profitt:
This may be a stupid question, but I use tradestation and pulled up time and sales. I couldn't understand it. I moved very fast. Can someone explain to me how it is used to see what big money is doing?
Thank you to anyone who can help.
You can set a minimum size to filter out all the one lots
This is a good read, kinda hits on what Anek keeps saying
http://www.dallasnews.com/sharedcon...p2poker_11bus.ART.State.Edition1.3574b4c.html
JD
http://www.dallasnews.com/sharedcon...p2poker_11bus.ART.State.Edition1.3574b4c.html
JD
I like constant volume charts, and ive been trying to work out how to make a time histogram for volume charts. i like to know how long it took each constant volume bar to fill, so that it gives me some idea of the strength of the move
eg. an ES 5kvolume 2pt wide range bar, that takes 5mins to complete. has a different meaning for me, than an ES 5kvolume 2pt wide range bar in the same place, that takes only 1min to make .
if anyone knows how to code this time histogram for constant volume charts, in Quotetrader or Ninjatrader, id be grateful.
eg. an ES 5kvolume 2pt wide range bar, that takes 5mins to complete. has a different meaning for me, than an ES 5kvolume 2pt wide range bar in the same place, that takes only 1min to make .
if anyone knows how to code this time histogram for constant volume charts, in Quotetrader or Ninjatrader, id be grateful.
Quote from notam:
I'm new to constant volume charts but I realized how it's very handy in determining the commitment of moves at a glance.
The # of bars in a swing is the total volume of that swing. So, the volume that goes in pushes prices up by an amount, if those trades are unwound it would take the same number of bars to turn them over (assuming no new players of course).
Anyway, it's easier to see than on a time chart because it's just about comparing the horizontal distance between swings. Equal distance, equal volume for the move.
So, if a retracement is half the bars of the previous advance, only half the volume was unwound. This is good info and is instantly available unlike on a time based chart.
Anyway, I just wanted to put that out there, it's obvious when you think about it, but I find myself looking at CV charts as if they were time charts which I don't think is prudent.
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