Question for Grob/Hershey...

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Quote from BSAM:

Babak.....

I'm only 10 years old, and a little slow, but I'm starting to think you're no longer welcome here on this thread. ;-)
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Really?

That's kinda sad... I thought that Babak was the only one to actually figure the whole thing out. Are you saying, it's because he figured it out that he is no longer welcome here?

I hope this will not become a trend in our society. Unless of course the senile take it over completely...
 
Quote from BA_Trader:

Yeah that's the idea -- it's a 5 period simple MA. A 2 period is also useful.

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Nothing beats a half period moving average, nothing... trust me. I swear on gaussians, fractals and iterations! Did I miss anything out that would possibly make it even less intelligent?
 
Nobody here has said anything about WHY the trendchannels take form. Maybe it´s beacuse everybody but me thinks it´s so obvious, i don´t know.

Anyway, i´ve been thinking about it. Isn´t it as simple as this - let´s say we´re in an uptrend. As long as the relationship between buyers and sellers are not changing - in this case bulls are in command - every move up is going to have the same lenght, and therefore you get a line parallell to the trendline. Seams like simple math to me.
Am I getting it right?

/Stalker
 
One thing I have not been able to add to my trading repertoire is DOM. Are any of you using it effectively? I have tried and tried to find a connection but I just dont get it as far as using the cumulative numbers. Just watching a minute ago and there were over a thousand on the bid and a couple of hundred tades moved it down a notch. This happens all the time which tells me the data is lagging which you would expect with something moving this fast. But if its lagging what use is it?
 
i´ve tried to, but first you have the fake orders that disapeares when price are coming closer, u can see it all the time. Then u have the hidden orders that u can´t see. So there´s a lot of hustling with the orderbook...
/Stalker
 
Quote from easyrider:

One thing I have not been able to add to my trading repertoire is DOM. Are any of you using it effectively? I have tried and tried to find a connection but I just dont get it as far as using the cumulative numbers. Just watching a minute ago and there were over a thousand on the bid and a couple of hundred tades moved it down a notch. This happens all the time which tells me the data is lagging which you would expect with something moving this fast. But if its lagging what use is it?
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Yes yes.... DOM. The elusive DOM doesn't say anything according to the majority of ET'ers. Grob might find this interesting but I have turned the entire DOM into a timing gizmo. On one side I have the ordinary DOM with depths and then for each depth in an adjacent cell, I evaluate continually in real-time the projection in time at which a particular bid/ask depth will be reached. Several 4-steppers somewhat put the DOM in perspective. I didn't realize it until recently that the str/squ precedes DOM shifts, so again the same type of gizmo can be applied to the other DOMs (YM) if corroboration makes one more comfortable. In any event, so then, what do you get and where's the rubber and road aspect to this? Given that there's the ask depth and the bid depth, I similarly prorate the bid volume and ask volume and voila, you have a timing gizmo projecting when any of the DOM's price depth is projected on being reach. Thus to see where the projection is for a particular depth, I just read which side (bid/ask) of particular depth has the shortest projected time. It tends to clean the above noise you mention. Admittedly it is crude and requires some screen time to get calibrated but it is another tool. It does bring into question that accuracy of your data provider (ie. dropped ticks, latency, etc...) but it may be worth the time to ponder this over....

MAK!
 
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