Question for Grob/Hershey...

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Quote from oddiduro:

, but trust me, Jack's principles are universal, and can be found in one form or another in every trading system publically available.

Regards
Oddi

I can see the B team gnashing their teeth on that one.:)
 
perhaps it would be faster and easier? for mak to make a camtasia video of a particular day explaining 'stuff'.

if he is willing to do so of course. it might be easier than writing stuff out. it may also be a better avenue for transference both for the sender and receiver?

the camtasia software offers a free trial last time i checked.

i don't know if the msn web sites have a file size limit.

just throwing an idea out there that's all.
 
Quote from oddiduro:

My interest is in the newer concepts being developed. But if you use the basics, then your success is assured.

Regards
Oddi

My interest are too. It wasn't until late last year that I even knew what a "E-Mini" was. Had a Come-to-Jesus meeting with myself after Hurricane Rita and decided new trading instruments and techniques were needed. On my charts the Dow (YM) looked to fit my style. It has been quite a humbling experience so far ;-) This message board here is helping me tremendously.

I use souped up indicators too such as Stoch 5,3,3 - RSI 5 & 2. MACD has always been my least favorite indicator. I see many of you use it . Could anyone please tell me what setting you use. Preferably a souped up one....

Easyrider: I know a lots of folks like that....
 
Just went over some of my old notes and found that my TA mentor back in the day - 90's - used MACD (5,17,9). I'll try that. He is on a paid site now because of the trolls and flamers that frequent these places. Hope that doesn't happen to some of the folks here ;-)
 
Quote from Ragincajun: MACD has always been my least favorite indicator. I see many of you use it . Could anyone please tell me what setting you use.
Jack recommends MACD 5,13,6. Search for a doc called Version II. There was a long-running thread a few years back in which Jack posted a lot on the subject of indicators. Later he made several iterations of condensing the content, wth the Version II doc being the most recent I believe.
 
Quote from easyrider:

Yes but HOW are they taking it back? What are they doing to make money on this type of day? How do they stay on the right side of the market? This is what we are trying to put on the table. Anybody can make money when the market is moving in one direction.

I almost always use limit orders.
 
Quote from hypostomus:

They take it back by fading market order direction. Look at today's VWAP (I'm generalizing from NQ). It is almost indistinguishably close to the open.

The VWAP stuff is an interesting "theory". I respect that you are an avid mathematician of sorts so I will presume you have done your homework. VWAP is similar to anything MP (market profile) related as I am sure you know. My issues with all that jazz was two-fold which I presume, you already know.

Establishing an average price tells you nothing about what is happening now. In other words, it's context is the "hard left" side of the screen. As with MP, looking at the balance of some context whose boundary is the present moment has the issue of being skewed to the past which I presume you accept. On days like today, it looks to be a champ simply because of the ranging. If you pull any lateral region whether be a pennant of any size or lateral of any length, your VWAP/MP analysis will run the line straight down the middle of the formation. It works at this region because the operating point caters to this type of analysis. Of course the issue is then what happens when it trends, then the Price Volume distributions winds up adding fat tails where the "hard right" of the chart is fattening the tail side of the distribution.

I had to lay the MP stuff aside when I noticed that despite it's lengthy history and respectable results, it can still be improved on in a couple of ways.

Elsewhere you mention market makers etc... However, I have yet to filter out such an entity in arena's as large as ES/NQ. In equities, I understand how they can be. Thinking back to the folks who tried to corner the silver market, is it your understanding that such entities are prevalent in the futures market? That would be an enormous amount of contracts that they would have to flip without being noticed which is contrary to the PRVing we had seen for most of the day...

I consider myself to be a dummy. And I believe the statement that one can learn alot from a dummy. Again, consider me to be a dummy.

Kind Regards,
MAK
 
Quote from sevenfirs:

Mak

Thanks for your sharing with us. I am having difficulty running PRV and YM via IB.
YM works perfectly well on it own but when I try to install PRV, somehow YM gets messed up. I've followed MAK's instructions to detail but still no luck. I just wonder what I am doing wrong.

:confused:

Are you running a YM PRV or are you saying you want to run an ES PRV and a YM PRV... There is nothing to install, you just open up the sheet and plug in the syntax...

Still Confused..
MAK
 
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