Market Delta by bolter
- Thread starter bolter
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Actually, they hold the bragging rights 
It's been a while since I posted something worthwhile. In fact you could probably argue a strong case that I've never actually posted anything worthwhile. Be that as it may ......
One of the niceties of the FP chart in MD is that it lets you slice and dice a whole bunch of different data in a myriad of ways (Chad is a master of lateral thinking). I've yet to figure out uses for some of this stuff - but I hope to one day.
Nonetheless, one of the first issues you face with a FP chart is how do you segment the data - time, price, range, ticks, reversals etc. I'm sure most people will go with a bog standard 2min or 5min chart. But I find time based FP charts to be about the least useful.
Here's my favourite FP chart (ER2 at what looks like being the low for today). I have it in every single layout I use. It is invaluable for giving me a feel for the action and understanding buying/selling pressure. Plus I use it to time entries and exits. The way I use it is simple - I study how the FPs are forming and then the trend on the column deltas.
It is a 50 tick chart - so it has a very fine (ie: short-term) resolution. Tick FP charts are the superior choice for preserving the shape of the market action IMHO. As you can see I strip away all extraneous display options so that I can squeeze as many colums as possible on to the chart. I also over-ride the default colour-shading (15-30-60 in this case).
The transition from selling to buying is clear as the proverbial dogs bollocks on this chart - although it is a particularly good example. You won't get this degree of clarity from a time based FP.
Bon chance,
bolter
One of the niceties of the FP chart in MD is that it lets you slice and dice a whole bunch of different data in a myriad of ways (Chad is a master of lateral thinking). I've yet to figure out uses for some of this stuff - but I hope to one day.
Nonetheless, one of the first issues you face with a FP chart is how do you segment the data - time, price, range, ticks, reversals etc. I'm sure most people will go with a bog standard 2min or 5min chart. But I find time based FP charts to be about the least useful.
Here's my favourite FP chart (ER2 at what looks like being the low for today). I have it in every single layout I use. It is invaluable for giving me a feel for the action and understanding buying/selling pressure. Plus I use it to time entries and exits. The way I use it is simple - I study how the FPs are forming and then the trend on the column deltas.
It is a 50 tick chart - so it has a very fine (ie: short-term) resolution. Tick FP charts are the superior choice for preserving the shape of the market action IMHO. As you can see I strip away all extraneous display options so that I can squeeze as many colums as possible on to the chart. I also over-ride the default colour-shading (15-30-60 in this case).
The transition from selling to buying is clear as the proverbial dogs bollocks on this chart - although it is a particularly good example. You won't get this degree of clarity from a time based FP.
Bon chance,
bolter
Does it equally good work on pure minutes charts?
Which software do you use to get these MD (Market Delta??) + what do
you mean by "FP"?
ER2 but not S&P (or E-mini)? What is
the reason for that?
Pardon me if I should have overread
something in previous posts.
Thannks
Charly
Which software do you use to get these MD (Market Delta??) + what do
you mean by "FP"?
ER2 but not S&P (or E-mini)? What is
the reason for that?
Pardon me if I should have overread
something in previous posts.
Thannks
Charly
Quote from bolter:
It's been a while since I posted something worthwhile. In fact you could probably argue a strong case that I've never actually posted anything worthwhile. Be that as it may ......
One of the niceties of the FP chart in MD is that it lets you slice and dice a whole bunch of different data in a myriad of ways (Chad is a master of lateral thinking). I've yet to figure out uses for some of this stuff - but I hope to one day.
Nonetheless, one of the first issues you face with a FP chart is how do you segment the data - time, price, range, ticks, reversals etc. I'm sure most people will go with a bog standard 2min or 5min chart. But I find time based FP charts to be about the least useful.
Here's my favourite FP chart (ER2 at what looks like being the low for today). I have it in every single layout I use. It is invaluable for giving me a feel for the action and understanding buying/selling pressure. Plus I use it to time entries and exits. The way I use it is simple - I study how the FPs are forming and then the trend on the column deltas.
It is a 50 tick chart - so it has a very fine (ie: short-term) resolution. Tick FP charts are the superior choice for preserving the shape of the market action IMHO. As you can see I strip away all extraneous display options so that I can squeeze as many colums as possible on to the chart. I also over-ride the default colour-shading (15-30-60 in this case).
The transition from selling to buying is clear as the proverbial dogs bollocks on this chart - although it is a particularly good example. You won't get this degree of clarity from a time based FP.
Bon chance,
bolter
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