Volume--- how to use it and WHY

Quote from marketsurfer:

funny how a legit thread gets taken over by those pushing their own systems/methods. addressing the wizard, here we go

surf: please provide some kind of indication of the worth of this "logical system" outside of the anecdotes and dubuios claims.

wizard: you must believeeeee. stop being a heretic, belieeeve the perfection, believeeeee what i say

surf: sorry, i required more proof than what you have shown

wizard: come to floooorida, come to wisconsoooon, jooon us to extract mooooney from the markets like maaagic-see the magic with your own eyes

surf: no, show it in public, real or fake money, i don't care. show how using the fixed environment allows you to gain an edge in order to predict the next move

wizard: noooo. you must come to see the wizard perform live so that you may see it by your own 2 eyes in the company of believers and become a believer

surf: ahhh, i don't think so. ever hear of uri geller?

and the conversation goes on and on, generally with some kind of nasty remark from the wizard without substance.

truly unusual, surf
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If you go back in the thread Ostrichman you will notice that the thread was moving along fine until you started with your snide remarks as usual.
You are simply another lazy tire kicker that isn't capable of getting behind the wheel yourself.
 
Quote from ProfLogic:

I don't feel the need to show children how much money is in my wallet?
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do you have enough to quit trading right now and live on?
 
Quote from MandelbrotSet:

LOL, +5 :D :D :D :D :D

That description fits more than one GURU in these parts, hereabout. :)
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And yet another lazy tire kicker that isn't capable of getting behind the wheel yourself crawls out from under that dishwaher.
 
Quote from ProfLogic:

Yes they get clustered occasionally but I use the strength to determine the best positions.

i.e. Confirmed Trend (as I define it), whether strength is completely in my favor or neutral and finally my target oscillation whether it is weak or strong.

I don't believe in back-testing just forward testing. I only trust that which I can utilize in real time. Back-testing can give too many signals that can be fudged. It takes a lot longer period of time to make sure your method is consistent but in the long run it pays off.
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I went from back testing to live trading from the screen about three months ago.. and I do a lot of research in the off hours.. The ability to trade rose exponentially in the last few weeks, it just went to a new plateau of ease, certainty, and gains... I'm off the simulator for sure as soon as I can get some money steered to the broker...

Backtesting is sterile and largely futile, besides, once you build a great database of intellectual property you are going to find that you need not ordinary firewalling to protect it, your broker and maybe your charting people are through the firewall, and not extraordinary firewalling because somebody at the NSA or Homeland Security level can get you via your internet provider or an internet node... you will need a medium scale engineering project to totally secure your stuff... I like trading off the screen, if somebody wants my intellectual property they have to come and beat it out of me and they will die trying...
 
Quote from 3121:

do you have enough to quit trading right now and live on?
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I suppose but that isn't why I continue my research. I do what I do for me.

Anyone that ever invented something didn't always do it for the money. My father invented a baseball practice device in the late 30's that was worth millions and gave it away. There are actually people out there that do things to improve life without the need of a reward.
Many on this site would say that is stupid but they are idiots to begin with.
 
Quote from Eight:

I went from back testing to live trading from the screen about three months ago.. and I do a lot of research in the off hours.. The ability to trade rose exponentially in the last few weeks, it just went to a new plateau of ease, certainty, and gains... I'm off the simulator for sure as soon as I can get some money steered to the broker...

Backtesting is sterile and largely futile, besides, once you build a great database of intellectual property you are going to find that you need not ordinary firewalling to protect it, your broker and maybe your charting people are through the firewall, and not extraordinary firewalling because somebody at the NSA or Homeland Security level can get you via your internet provider or an internet node... you will need a medium scale engineering project to totally secure your stuff... I like trading off the screen, if somebody wants my intellectual property they have to come and beat it out of me and they will die trying...
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I back up daily and my research is offline. If someone wants to break in to get it, that is their problem.
 
Quote from ProfLogic:

I suppose but that isn't why I continue my research. I do what I do for me.

Anyone that ever invented something didn't always do it for the money. My father invented a baseball practice device in the late 30's that was worth millions and gave it away. There are actually people out there that do things to improve life without the need of a reward.
Many on this site would say that is stupid but they are idiots to begin with.
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research? where are you published?
 
Quote from ProfLogic:

And yet another lazy tire kicker that isn't capable of getting behind the wheel yourself crawls out from under that dishwaher.
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LOL :D

Why are you so defensive Prof? :confused:

I never said he was talking about you now did I?
***
How sad that every time intelligent men get together to discuss trading on this website it has to become a game of the dozens. :(

While there is value in what you discuss regarding capped volume charts as it relates to identifying order flow as an indicator of price action, they are by no means the be-all and end-all of trading, intra-day or otherwise.

And if your system is as good as you say it is, it shouldn't matter what I, marketsurfer, sushi, or anyone else who doesn't trade your method have to say (or not say) about it. :cool:
 
Quote from ProfLogic:

When you create a chart using constant volume bars as a replacement for time, tick or range bars, the variable aspect is completely eliminated.

If you have the ability, set up a chart using them and see for yourself. Don't take my word for it.
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this guy is unreal.

once again, DO CONSTANT VOLUME BARS FORM AT DIFFERING TIME INTERVALS?

surf:confused:
 
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