Ticks
What else is there than price and time to analyze?
- Thread starter Howard
- Start date
Ticks
Would that be similar to Market Profile? Mind adding some more detail?
Also, the DOM. How do you use it? Is it rule based or more of an intuitive thing based on experience?
Yes. I considered if this could somehow be used as a metric. Some days are simply slow, while others are more wild.
It's possible that # ticks within a given time horizon could somehow be useful information.
Well today was a great example of volatility and market internals(advn-decline)(uvol-dvol) being better than price.
Based on price alone, I was bullish most indexes but during the 3 hour chop fest after market open, internals were showing some huge bearish divergence.
Even though I knew internals were weak, I was attempting longs....thankfully ended the day with an okay profit, but had I listened to the internals and traded with internals& price confluence instead of my bias, I would of made a lot more today.
Volatility(VXX & VX futures) on the other hand was a huge factor in the time at which indexes sold off hard. There must be some algo's tied to what I am seeing. During the past couple of months tracking vol has been useless, but today it worked like it normally should.
Based on price alone, I was bullish most indexes but during the 3 hour chop fest after market open, internals were showing some huge bearish divergence.
Even though I knew internals were weak, I was attempting longs....thankfully ended the day with an okay profit, but had I listened to the internals and traded with internals& price confluence instead of my bias, I would of made a lot more today.
Volatility(VXX & VX futures) on the other hand was a huge factor in the time at which indexes sold off hard. There must be some algo's tied to what I am seeing. During the past couple of months tracking vol has been useless, but today it worked like it normally should.
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Keep it super simple; forget about Time & Sales, unless you dont like charts. Come to think of it my CPA did not like charts,LOL+ seemed to enjoy working with lines of numbers.LOL
To you and everyone else. Sure, keep it simple. Agree.
My purpose for this post is merely to find out if there's anything I haven't yet considered. I already have a base approach that lends promise.
I don't mind charts, but I prefer to keep data in spreadsheets.
With regards to Time & Sales, I have no idea if there's any use for it, but since I haven't looked into it, I wondered if I should. I know it's actually possible to chart that type of data.
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Charts are handy in that they have a picture, like a mountain valley chart. With the way you like numbers, a spread sheet maybe be best, with a wise occasional glancee @ mountain valley chart
Volume profile is simply volume at price. In my trading it seems to be much more useful than market profile or looking at volume on the bottom of a chart.
I use the DOM along with the time and sales. It is more intuitive than anything else. I specifically look at the 3 to 4 levels closest to price and how they react to market orders. It takes a long time to understand it. If you want to learn more start here - http://www.jigsawtrading.com/learn-to-trade/free-order-flow-analysis-lessons/
The real question for me is the usefulness of price, time and volume. What can they say about the future? A spike can signal the beginning of a move or the end of a move. Low volume can be bullish or bearish and high volume can be bullish or bearish. It seems that the data can have a double meaning?
Yep, it's all misleading and somewhat random enough of the time to be ultra frustrating for sure.