Volume

when do we look at the 2 bar formations? I see them annotated throught a chart in its entirety.

When do we reverse? every time a bar formation switches from positive to negative ?

If we have found volume before a trend move, why not enter there?

Have we properly identified the cycle?

low volume and failure to touch a trend line,
Very low choppy volume little change in price.
a break of an old trend line followed by a hammering in volume.
with price following untill volume begins to dry up.

Also we can see volume act similarly in a tape.

Is A/D simply measured as a indicator, I always found the term very vague and assumed it meant something else.
 
Another option we have is to take a few ticks looking at the level 2
On our last chart we saw how volume slows down indicating a price where there is not too much interest or agreement.

if we take the same idea and zoom in to the channel right near the line. we should see in the level 2 prints show up and just stop or certain price where it is clear we cant penetrate.

Volume is low, so few trade here meaning the minority.

we can either enter at that exact spot but it may not hold. so we can simply play the rejection of a price and short and cover quickly

or we can try each to enter in each rejection of a price to catch the complete top. this would mean being stopped out alot but really small stops that woudl be negligible if we held all the way down.

Or we can even play the rejection of a price enter short, and immidiatly lower our stop to break even or even profit.

we can do that a few times till we are in teh clear the market turns.

this is kinda like the issue I used to have with playing with time frame. when looking at a line zoomed out it is not as clear with a magnifine glass.

Few cents vs catch the trend.

both are minority entry with low volume (though on different time scales)
both have tight stops.

The question is, do we need level 2 quotes when we are zommed out looking at hourly or 5 min charts, or can teh time and sales be seen some how in larger time frames (market profiling each bar )
 
I'm just chatting with you casually.

Because I am wrting a 32 chapter book, I cut and pasted my posts in this thread. If I were answering a Q from some one, then I added his context. There were 10,538 words on 31 dot.doc pages which I printed for editing.

The approach I use has no noise, no flaws and no anomalies.

Since I have traded for 55 years and am 80 now, I have been around.

I trade accounts for those who are solving local problems by using a % of their profits.

Many others trade their own accounts and do the same.

The chapter 10 of this stuff will be used in is Part 2 of four Parts. Chapter 9 is a part of a pair of chapters. Chapter 9 explains how I got to do the PEP explained in Chapter 10.

PEP stands for Pool Extraction Paradigm. One paradigm was used to create the applications for stock trading, commodities trading and sector rotation when large ammounts of capital have to be put to work after sweeps of the stock and commodity high velocity trading.

Elsewhere I posted a response to a kind of bullshit challenge by a bullshitter. It is simply the easiest trade to do in trading where you cannot help but make money no matter how many mistakes you make. A foolproof edge.

As you say, you do not do channels correctly. Your chart simply shows you do not have a way to see any market.

An observer could become a potential beginner, BUT as you have guessed if the observer can't see any market, then he cannot become a potential beginner.

In 1957, it was hard to see the markets, since real time data came from electromechanical machines that produced a serial ticker tape.

So my first 40 days of looking at markets was via a newspaper. I was only making money for the last 15 days of the 40 days.

I was an opbserver, then I became a beginner. I wrote this down as part of the first eight chapters of the Part 1 of the book.

I went through about 7 years in those chapters when I was carefree and spent a lot of money on travel, toys, cars and furishing for my first residence in Greenwich, Conn after I quit doing a job.

I drew channels composed of parallel lines where I built my interlocking channels logically. I had plotted many days and many weeks before I drew channels. I used events on daily charts (this means the timeframe was daily bars on a chart). A bar had an open, a high, a low and a close and a volume as a separate bar.

Maybe I should post a bar for a day so you could see a sketch.

I was able to "SEE" things. In neuroscience the technical term is "percieve".

Since your posted charts do not allow you to see volume and price bars on a common chart, you cannot sense what is on a space of two dimensions.

Try to post the first ten bars of a 5 minute timeframe chart. See if you can read and understand to post 10 bars that happened on a day to begin the day. Try very hard to do one thing.

In the future, try to post written word groups that do not exceed 75 words.
 
This is a sad thread indeed :(

The OP with an unfortunate handle, searching for a way forward.

FWIW I admire your tenacity, but to enter the quagmire of the one obsessed with self imortance is a mistake. There are very few here who offer sound advice. There is just one that I see that can help you right now, and not me for sure. Why is the obvious not so obvious???

Time is precious, and should not to be wasted. :cool:
 
Quote from jack hershey:

I'm just chatting with you casually.

Because I am wrting a 32 chapter book, I cut and pasted my posts in this thread. If I were answering a Q from some one, then I added his context. There were 10,538 words on 31 dot.doc pages which I printed for editing.

The approach I use has no noise, no flaws and no anomalies.

Since I have traded for 55 years and am 80 now, I have been around.

I trade accounts for those who are solving local problems by using a % of their profits.

Many others trade their own accounts and do the same.

The chapter 10 of this stuff will be used in is Part 2 of four Parts. Chapter 9 is a part of a pair of chapters. Chapter 9 explains how I got to do the PEP explained in Chapter 10.

PEP stands for Pool Extraction Paradigm. One paradigm was used to create the applications for stock trading, commodities trading and sector rotation when large ammounts of capital have to be put to work after sweeps of the stock and commodity high velocity trading.

Elsewhere I posted a response to a kind of bullshit challenge by a bullshitter. It is simply the easiest trade to do in trading where you cannot help but make money no matter how many mistakes you make. A foolproof edge.

As you say, you do not do channels correctly. Your chart simply shows you do not have a way to see any market.

An observer could become a potential beginner, BUT as you have guessed if the observer can't see any market, then he cannot become a potential beginner.

In 1957, it was hard to see the markets, since real time data came from electromechanical machines that produced a serial ticker tape.

So my first 40 days of looking at markets was via a newspaper. I was only making money for the last 15 days of the 40 days.

I was an opbserver, then I became a beginner. I wrote this down as part of the first eight chapters of the Part 1 of the book.

I went through about 7 years in those chapters when I was carefree and spent a lot of money on travel, toys, cars and furishing for my first residence in Greenwich, Conn after I quit doing a job.

I drew channels composed of parallel lines where I built my interlocking channels logically. I had plotted many days and many weeks before I drew channels. I used events on daily charts (this means the timeframe was daily bars on a chart). A bar had an open, a high, a low and a close and a volume as a separate bar.

Maybe I should post a bar for a day so you could see a sketch.

I was able to "SEE" things. In neuroscience the technical term is "percieve".

Since your posted charts do not allow you to see volume and price bars on a common chart, you cannot sense what is on a space of two dimensions.

Try to post the first ten bars of a 5 minute timeframe chart. See if you can read and understand to post 10 bars that happened on a day to begin the day. Try very hard to do one thing.

In the future, try to post written word groups that do not exceed 75 words.
More...

I just see too many people following people blindly, I kinda try to gauge to see if I am barking up the right tree, by at least looking to see if there is a path to follow. But You say at this point we are just chatting and knowing that helps.

Anyway it don't matter, Kinda disappointed that you did not like my chart. You mentioned volume and with the resources I have I tried and found something that looked relevant with ought fishing for it. I wasn't expecting to strike gold. But I got more then I hoped for when I saw volume and rate of change act like that.


Your book sounds really interesting and would love to one day read it.

If I did or do ever help some one I would not want anything for it.

Thank you, Ill still be around here and there.
 
Quote from Mysteron:

This is a sad thread indeed :(

The OP with an unfortunate handle, searching for a way forward.

FWIW I admire your tenacity, but to enter the quagmire of the one obsessed with self imortance is a mistake. There are very few here who offer sound advice. There is just one that I see that can help you right now, and not me for sure. Why is the obvious not so obvious???

Time is precious, and should not to be wasted. :cool:
More...

I guess time is important if you have a predefined model of your existence. I'm pretty open and have thrown out things that were not needed and explored volume on my own,

20 or so people have been looking at my charts,

I am adding to it,

Still have no indicator,

If you find it sad, then maybe all you know how to do is follow, but I find that sad. I may know some one that can help you through your need to find an answer.

Id suggest the 20 or so that are hoping to look it to other ideas,

Here are a few;
ECN's regulation and re routing.
Pinging orders to see if there is a bite at a given place.
funding stops,
and as mentioned the unfunded fifo, flow of the chart near support and resistance, flow thought the day to get an idea of who is in the market and if previous close high or today's open will hold.

Look for +50X volume buyers the eating of limits orders and what is still behind them. High volume with no tick ups ect.

Look at the time between slow vol and the pick of the tape.

Look for new ways to learn,
99% of people fail. That number can be used against you but that number is the power needed to be the 1%. add the money and you can create pivots

You can take this lightly, but at some point you will have to come across a decision, if you are like most, it will be too late. Respect your fellow students that is where the key will come from and intention will be clear.

Do what ever you want, if you got space have my volume and rate of change up at least. Suming things up is a good place to start,
 
Quote from traitor786:

Any body try this NASDAQ TotalView-ITCH Feed ?
More...

Had a quick look through this thread and it seems to me you are looking for a complex solution to the problem of how to trade.

In reality trading is very simple and success or failure is down to you as an individual and not the tools you are using. In fact using unnecessary tools will only serve to create confusion and distraction.

The typical trader's search process of going round in circles trying out just about every trading tool, indicator, TOS, level II, scanning forums for nuggets of advice - just lengthens the agony until he sees what needs to be done or gives up.

Regarding volume I usually trade without it, but it is displayed on my charts for 1,2,5 min timeframes, and not on any higher TFs. The usefulness of volume is debatable, it seems to give insight sometimes and not others.

Indicators are useless and I don't trade with them, but I'll annotate charts with a few horizontal lines and often with some diagonal line segments.

I think you'd learn far more by simply trying this and trading without anything but the chart - no indicators or volume:

http://chartgame.com/

2qkruwo.png

:cool:
 
Great site! This solves a main issue, Ill see there is only one for commodities thanks !

Going around in circles is a symptom.

There are so many things to look at.

But you are right they all have one thing in common and that is a clear entry and exit" rule not to be altered.

That being said, I am not sure if I can honestly say that even 1 % of traders make money. We assume there must be, but there is no reason for that. Would very well be 1 % make money for 5 years and then die out.

Thanks again
 
Started trading,

Putting the new and the old together. The old told me that the go market will be more random in this area. but entry was based on the new so there is a conflict. I recognize that I cant enter based on the new and exit based on the old.

Happy about all my trades, the current short on gold is unlikely to pan out as I am seeing my old interference signals.

price tends to go my way after i place my orders.

As for previous random "thoughts" or noise ....

Researchers found that not only did the young adults score better on the face recognition tasks (i.e. they showed more stable and accurate cognitive behaviour) compared to the children, but the young adults' brain signal variability actually increased – got noisier. "These findings suggest that the random activity that we think of as noise may actually be a central component of normal brain function," said Dr. McIntosh. Source: Baycrest Centre for Geriatric Car

Read more at: http://phys.org/news134365721.html#jCp

I remember something about how fruitflies add random noise to their food searching sensors to actually help them find their target.

Maybe I am engineered for this stuff lol

ANy one know how reliable TOS level 2 quotes are and if there is a way to see this unfilled fifo order on it ?
 
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