Best indicators ?????????????
- Thread starter Humpy
- Start date
I'm not trying to argue with you. Damn man I understand and agree with what you do. I tried to clarify what I stated. If that isn't good enough, so be it.
My point regarding "rate of change" was meant only to point out that it has no relevance to what I do. The speed at which trades take place is meaningless to the pure price cyclic nature of my charts. How fast tics accumulate per bar just doesn't matter to my charting.
I've taken the time and effort to study what you and Jack do and respect WHAT you do based on that understanding. Hell, I even made the effort to come to Vegas to sit in on your meeting to get some points finer points clarified. You on the other hand wouldn't drive 80 miles and take a few hours of your time to see, first hand, IF there was any usefulness to what I do. I thought, and still do, that there is potential merit in a merging of strategies but I can see that you don't feel there is any way to improve on what you do. I am so glad that the rest of the world's technological strategists aren't as consumed by their own egos as you.
Quote from RCG Trader:
It is highly unlikely that either of you will ascertain my former lives at ET, but Spyder, I have seen u and Jack leave a blueprint to financial independence, since the first day.
Prof, I traded with u back when u offered a lifetime membership, many moons ago.
I can verify that the principles are sound. But I am a mad scientist, and want to be able to trade markets of any type. Markets with no volume.
The purpose of this post is let you both know that one day, hopefully you guys can sit down. Spyder and Prof both live in the same state, last I checked.
Or at least Jack and publish a book and republish some of the older videos.
Let the crackpots crackle and let the traders judge. Many already have.......
Caveat Emptor
Swapping information on these threads is suppose to be fun and hopefully the droppings will provide the fertilizer for a curious trader to allow his ideas to bear fruit.
ROFLMAO. My apologies for appearing egotistical.
One day, I'll head south and sit with you, so we can compare and contrast. I really haven't been ignoring your invites. I've just had my time consumed over the last 2.5 years with a major undertaking.
Good trading to you.
- Spydertrader
May you continue to find a level of success which exceeds your expectations.
Good Trading to you.
- Spydertrader
I am genuinely curious. Building a dam?
Todd, the target is the currency markets, the most liquid markets on earth.
Now you and Bill have something serious, that I have spent years perfecting and integrating.
There HAS to be a way to trade price without volume.
Why do I care, because it is there.
The problem is, for the both of you, is that volume is not a variable.
For me, you have been pioneers in this area, critics be damned, as I have watched and emulated.
No one, as yet, has been able to find the equation of of price, time, and volatility.
LTCM thought they had it.
It is definitely hubris to fathom that I am smarter than they.
But still I try.
Caveat Emptor
Quote from RCG Trader:
Todd, the target is the currency markets, the most liquid markets on earth.
Now you and Bill have something serious, that I have spent years perfecting and integrating.
There HAS to be a way to trade price without volume.
<Snip>
Which Forex pair?
I use only bar OHLC EUR/JPY in a single time frame, no vol. or multi time frames and see a W/L ratio in excess of 85% which I view as successfully trading without volume, I guess.
Quote from RCG Trader:
Todd, the target is the currency markets, the most liquid markets on earth.
Now you and Bill have something serious, that I have spent years perfecting and integrating.
There HAS to be a way to trade price without volume.
Why do I care, because it is there.
The problem is, for the both of you, is that volume is not a variable.
For me, you have been pioneers in this area, critics be damned, as I have watched and emulated.
No one, as yet, has been able to find the equation of of price, time, and volatility.
LTCM thought they had it.
It is definitely hubris to fathom that I am smarter than they.
But still I try.
Caveat Emptor
Currency markets do offer quite a bit to traders. The absence of volume up to this point probably has a work around. Use a proxy for volume.
It is common the use lookup tables for the finer degrees of gaining effectiveness and efficiency in trades.
Price and time are available to you. The relationship of volatility and volume is known. So is the relationship of bar overlap and volume. If you have three variables and two are known, then the third can be determined by plugging in what you know to get the proxy for volume. Both lookup tables that deal with volume can be handled to produce the binary vector proxy needed which leads price.
Probably another convenient workaround is to shift to a three element HS and stick with the same PM (binary vector).
What is stunning in dealing with price and volume cases is their mutualy exclusiveness according to classes. The overlap delineation is so cool since there are so many 100 % overlap cases. All represent pauses in making high velocity money. Another nice thing is the inverse relationship of volatility and overlap as a natural amplifier of opportunity. As Barnard Baruch once said don't try to make every point of profits, just settle for the middle 50%.
I have shied away from the usual representation of volume: anchoring one end of the bar to a baseline. Eliminating that is not complicated and it is a very telling and informative alternative to the SOP. So if you decide to use a proxy, don't anchor it to a horizontal line.
Quote from Optionpro007:
I am genuinely curious. Building a dam?
I think building a damn would have been easier.
While I have a few stops to make before I can target the currrency markets, I agree those markets do contain significant capacity. However, Volume does exist within those markets. Like Oxygen, just becuase one cannot see it, does not mean it isn't there.
Any market. Any time frame - provided sufficient liquidity exists. Looks to me like currency markets fit the bill just fine.
- Spydertrader