Scalping_My Way with ACV
- Thread starter VSTscalper
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Once you see the wall and corrolate it with bar volume and the T&S orders going through, you begin to feel the "advance warning that the "wall" represents for the turn.
T assemble all the coding and parts takes a few platforms at this point in the technology being marketed.
think of adding te bouncing ball to the volume and the five colors of mikey's volume.
Also you have a new pattern becoming available which has 11 colors and add a sqare of color every 30 seconds. A row of color is a 5 min bar and the 81 bars stack up.
This, for me is like reading a novel with words. The novel is unfolding and telling the story of what is coming up on the next page.
The beginning of high velocity trading starts with annoating price (channels on three levels) and volume Gaussians.
From this foundation all other stuff, when understood and added by drills, make it posible to optimize taking all the markets offer as the day unfolds.
By looking at the compound interest formula you get to see that the time spent learnng is a drop in the bucket as a cost in time.
learn on 1 contract.
When yu have profits of 1 contract margin remove the intial capital.
Repeat making money and add contracts as you profits give you the "grade" on the test you passed.
At some point you recognize the flow of contracts and see that you are making a portion of the total flow. trade sizes vary through the day according to the capacity to be part of the flow and no AFFECT the flow.
1>>2>>>>1>>>>2>>>>3>>>>>4>>>>>>5>>>>>>stay a while>>>>> 10>>>>>>>>stay a while>>>>>>>>20>>>> 25>>>>stay a while>>>>>>>>>>50.
50 ES contracts turning on the Walls all day long is something else. It is not something that is understandable to many at this point. But there are those who are well into this progression.
The other half of this coin is the performance per day. All contracts are taking what is offered.
Here is a thought.
Sit down this weekend and see what all of this means as an incentive to learn to make money. See if you can figure out why this is not in any books so far.
If you look a a path going to the end of 2007, and design how to learn this in an orderly way. It is not possible to do this simply because it is hard to conceive of the steps along the path....this is you doing it.
But it is going to happen and the path of learning this is well understood and has been practiced by some people.
Most people simply will not go from plateau to plateau to BUILD.
It is a choice. You do the equity curve from the compoundinterest formula and you start with the margin of 1 contract and formulate the graph.
Take a month's 5 minute charts and zig zag them with the moves of price. At first you do not do HOLD and REVERSE but you do see how HOLD and REVERSE works.
The facts are that the zig zaggin is just staying on the right side of th market.
The first thing, then , is to learn to stay on the right side of the market with just price and volume charts.
Thing of all the people reading this and then not doing anything. That is the norm all over the world. Who cares.
Time after time people make it a point to not do anything and some also have to step in and say things about how they view it instead of trying it out. That is the norm for people. Who cares.
The only thing worth caring about is that a person can learn this and give it to others. People who are teachers have a common understanding of what they teach. They know they learned most about what they were teaching by traching it to others.
I show people how to create stretch IRA's and avoid taxes for three generations. For two parents and 12 grandchildren, 300K becomes 12 million dollars and no taxation. Do you know what the commission rate and override schedule is with the largest world providers of the instruments?
I show people how to do Medicare D. They connect 4 dots to "SEE" their situation (annualized) Then they connect the dots for various plans to see which one gets them the better benefits. If I do it at a local health show. Hundreds of charts for connecting the dots are handed to people who did one and now know how to help others in their community.
There is an insurance guy posting with 5K and he is 33. Why doesn't he do health insurance in the evening (6 people @ 325 an evening for 1 hour) and trade during the day to learn how to trade properly. He is debating whether to trade full time. He could debate on how to learn to trade first.
Why do so many people fail to learn to trade and to trade successfully? ET is the repository for this major archive of failure.
Name what you want.
Put it on a graph.
Back out the trading requirements to follow that path.
Look at a chart and detrmine how effectively you have to perform.
There is only one answer. IT can be done.
so look again at the chart and see what is possible.
Put it on a graph.
Find out when you have what you named above.
A person in ET has 13,000 posts and he has gone through two ten year programs to make 5 million dollars in 10 years. Now he is starting his third program to make 5 million dollars in the next ten years.
If he makes 1 tick a day (the minumum daily profit possible) on the ES will he do it via compounding? Zigzag it and see what happens at the other end of the spectrum.
Jack thanks for the reply. We are going head first into your methods... with a little help from Spyder for about 7 months now. Step by step we trudge, enlightened from time to time with the Aha moment...
I am hindered a bit on the futures by a day job and only see ES live on mornings I take off... that restriction is slowing my progress. Trying to get my "wifey" who knows VisualBasic to rewrite Mak's Excel program to display 30 sec PRV in 5 colors like the gent (mike?) showed, great indicator! If I can get her to get it done we will post it.
I'm about 40 miles east of Sypder, so if you are ever up this way, I would like to buy you two guys dinner sometime... Step by step we journey...
PS: What's the "bouncing ball?" ...gotta ask...
I have also been thinking why this is NOT in any books... frankly, I am afraid to post the answer... 
I am hindered a bit on the futures by a day job and only see ES live on mornings I take off... that restriction is slowing my progress. Trying to get my "wifey" who knows VisualBasic to rewrite Mak's Excel program to display 30 sec PRV in 5 colors like the gent (mike?) showed, great indicator! If I can get her to get it done we will post it.
I'm about 40 miles east of Sypder, so if you are ever up this way, I would like to buy you two guys dinner sometime... Step by step we journey...
PS: What's the "bouncing ball?" ...gotta ask...
I have also been thinking why this is NOT in any books... frankly, I am afraid to post the answer... Quote from bigmoose:
Jack thanks for the reply. We are going head first into your methods... with a little help from Spyder for about 7 months now. Step by step we trudge, enlightened from time to time with the Aha moment...
I am hindered a bit on the futures by a day job and only see ES live on mornings I take off... that restriction is slowing my progress. Trying to get my "wifey" who knows VisualBasic to rewrite Mak's Excel program to display 30 sec PRV in 5 colors like the gent (mike?) showed, great indicator! If I can get her to get it done we will post it.
I'm about 40 miles east of Sypder, so if you are ever up this way, I would like to buy you two guys dinner sometime... Step by step we journey...
PS: What's the "bouncing ball?" ...gotta ask...
The best thing to do is use your morning and monitor the P and V.
You will be doing quite well as you get the channels down and catch on to the volume. All on ES.
Under these conditions you get the routine down.
Monitor>>>analyze>>>>decide>>>>ACT.
Imagine what it is like to do the process of seeing the data sets on a simple screen.
Imagine what it is lke to then come to understand that some data sets occur moe frequently.
Then you come to see that the data sets sequence.
Where does this put you?
Well you are building on success. As time goes by you continue to become more effective and that is a simple result, mostly, of sleeping.
There is a phenomena that occurs for people. It goes like this:
I printed what he wrote and put it in a pile. I kept one topic separate and then came back to it later... the delay could be days weeks or years.....
I read it again and put it away.....
Last week I got it out because someone said something about the topic.
Now I can read the pile, it means something and I can use it.
The stuff in the pile did not change one bit.....
By sleeping and having your unconscious mind do "defragmentation" your subconcious gets organized and it contributes, at last, to your conciousness. When you are concious and bulding on success through repitions you get to put more and more information in your mind both consciously and unconsciously in a ratio of 10,000 to 20,000,000 per second.
At some point a critica mass is achieved mentally speaking and then you go into automatic on the subject or topic from that point on.
In this trading or what you can earn doing a job, can be compared graphically.
The first charts of just P and V, and their data sets and related conclusions, over time greatly exceed anything else when considering doing a job of some sort.
I know how to use medical instruments in trauma situations. I MUST be correct and not let something get out of hand. Practice makes perfect and that is the only way it is ever going to be.
If it is my job to keep )2 up in an 8 day old baby during a spinal tap, I have to get the job done by reading instruments and keeping the baby's supply in the right place all the while he is being tapped. I am glued to the job.
I do not think about getting out an excel sheet to see more stats on supply and demand of O2.
I am in a room with instruments and a team. I do my part and only my part. Others count on me to keep the baby alive because he can't do it any longer himself.
This 5 min price and volume and three levels of annotation is the olympic event. You are making money this way and it is piling up.
As you sleep allow your mind to keep asymilating experience you grow tremendous resoures that ultimately put you on automatic for the rest of your life.
At that time you will have one source of anxiety coming into the picture. It comes from recognizig that you can perform better in making money. You see that you can refine the profit taking and the rentry process.(The reversal).
At that time other display elementscome into play. Thee are nine months of them now posted in a sequene.
I saw a screen recently in the SCT forum. Someone responded to it. I had one thought on the screen and the monitor and where it could be placed. I saw a person shutting himself out of the money making process because he was never going to see the markets.
If you can tak the time t see the market in a basic way and build a foundation, then you get the right to make more money as time passes. If you kill the opportunity by skipping steps or "inventing" or looking or "proof" of something instead, you do not get to play the game.
In all of these alternate cases you are building your mind to: skip steps to nowhere; to become an inventor who isn't making any money; to buildyour mind to prove things that are unimportant. Some people also build their minds for making people wrong instead of building on successful basics of making money.
Here the DOM is on the table and it is powerful as an adjunctto refined trading. People got to see the stalactites of the DOM too. They got to see the "wall" they think. It is "obvou" only if you have the basics and foundation. the foundation makes more than is possible by conventonal orthodoxy. After that we are going big time.
I have a friend who has a Mirage..all we talk about is lubricants, it seems. G forces are a hobby for some people. First you have to buy a Mirage, though. Not contracting maintenance is only possible if you are qualified. It is not a discussion of crossing over lubricaants if it isn't written in print (french usually).
Spend you time doing the routine in real time as possible. Debrief daily and compare your real time to the debrief. This will sharpen you in the least ime possible to being ready for the next stuff.
Where we are headed is to be able to recognize when ommissions and flaws occur. we need to have all the data sets in hand and we need their conclusions of analysis to pop up faster than the speed of light from within your mind.
at end of day print out a plain 5m bar chart with volume then you can draw channels on it, you can cover the chart then reveal them bar by bar as in real time and draw them channel, or bring up a 5m chart and scroll them bar by bar then draw the channel on screen. after that you can compare your chart with spyder chart and correct your fresh mistake. You will progress just like real time guy or more.
Jack you are right on target, and a gentleman to put up with all of us over the years... The last time I was in the saturate the mind, let it assimilate, refresh and reload was in school (as a nuclear physicist) 32 years ago! I know it worked then, and this ol' greybeard is getting to experience it again... it's actually quite fun!
We will follow your advice, experience in PV, experience in PV, experience in PV until it becomes second nature... I see the wisdom in your (and Spyder's) ways...
PS: Thanks Nkhoi we will give it a try. I passed that by before thinking it wouldn't do the whole deal, but we're not after "the whole deal" at this point. PV, PV, PV... the paper method will do PV and refine our channel drawing and FTT recognition! ...drat, I remember Jack saying this 100 times now before...
We will follow your advice, experience in PV, experience in PV, experience in PV until it becomes second nature... I see the wisdom in your (and Spyder's) ways...
PS: Thanks Nkhoi we will give it a try. I passed that by before thinking it wouldn't do the whole deal, but we're not after "the whole deal" at this point. PV, PV, PV... the paper method will do PV and refine our channel drawing and FTT recognition! ...drat, I remember Jack saying this 100 times now before...
Jack,
Thanks for the reply. The posted chart was intended to be illustrative of supply/demand using the order book "delta" as what you call the wall and the trades at bid/trades at ask delta as a proxy for time and sales. It's not intended to be a complete visualization of the market for trading purposes. In particular, there is no attention to trend which is obviously critically important. Nor are the markups intended to be trading signals as such.
Yes, it's the right place for it.
Yes, requires another subclass of the bar renderer and use of OHLCV dataset.
Yes
What I am doing is trying to get everything including DOM represented as time series, so they can be charted. I've tried staring at the DOM price ladder before and got very little out of it (probably because I didn't know what I was looking for). If you have everything as time series you have a better chance of seeing how things unfold over time. This has helped me greatly in my understanding.
I already have a DOM display as bars. I'll change it to look more like the Tradestation DOM kindly posted by somebody else and do as you suggest.
I think that is true. I've spent a lot more time studying ES, ER2, DAX, nikkei (SGXNK) and Kospi than YM, but that is my gut feeling. I find DAX and ER2 to have quite striking similarities.
My software automatically marks up each order fill onto all charts open for the particular instrument. There is a "save to png file" facility which is very usefull for debriefing. Sometime I'll write the code to log fills into a Mysql database for any future analysis. I can also replay data and there is a trading simulator.