Why Is The Obvious Not So Obvious?

The Oracle · Oct 31, 2011

Quote from xburbx:

those screens actually look familiar as about 3 years ago i was looking at trading with a similar basis but couldnt make anything out of it. go figure. i had a program for esignal that showed the bid/ask spread tick by tick. it was really high speed movement but it was interesting to see that when size came in when the bid/ask spread increased it caused the market to turn. the chart ended up looking identical to those.

it makes sense as there are no buyers/sellers taking the new price so price had to go up or down

expand it out so u can see the S&R levels..then u will get used to looking at T&S in conjunction with charts

excel has its limitations..but it can do a lot with data..like everything else it takes time at it to learn what it can do

The Oracle · Oct 31, 2011

XX..do u notice anything on the expanded chart?

xburbx · Oct 31, 2011

Spread increases near s/r - no buyers/sellers taking the price. I will have to line up the volume on the TS to see further into it according to that chart.

- Not knowing much about the chart above, my guess is that the next move is DOWN on the chart.

The Oracle · Oct 31, 2011

it always helps to have ur chart lines drawn in..then u can use T&S to assist u with entries and exits

i like these charts above all else..they are so simple

poland · Oct 31, 2011

Dear TO,

I am not trading now. Started trading w/o learning...Now I start to learn....and also trying to find out what should I trade.

T&S, are you referring to Time & Sale??
Sorry for my newbie questions.

I do follow T&S when I trade......when it should there are more sellers.....my question is who are the buyers?? vice versa for when there are more buyers.....

I do not have any training or attended any course ..also I do not know TA, so please pardon me if sometimes my question seems stupid....

Actually I am very confused when I see others using trading lingos....should I learn TA???
Or I can just use my eyes......as you taught....

I must say the eyes method is working....
next I got to work on my risk control....as I have a bad habit of betting big.....sometimes i feel so stupid that Loss never occur until it happens....

When I console myself I am still learning...if you guys took so many years....I hope to piggy back onto your mistakes and shorten my learning curve.

anyways, Big Thank you TO.

Quote from The Oracle:

well PO..it all depends on what u are trading..and what u call a large number of trades!

are u talking about scalping?

we have seen the fx experts in action recently..i am not sure how many trades they done as i stopped reading after the first few posts:eek:

TE sent me an excel file for the little old stocky fellows and i plugged in mr big fx to see what came up..needs a little bit of tweaking..but not much

i am not going to use the file..but i might look at it some time later..to see what this T&S is all about..unable to share the file right now..but maybe TE will change his mind..if the bold boys start behaving themselves:eek:

macattack · Oct 31, 2011

Quote from The Oracle:

it always helps to have ur chart lines drawn in..then u can use T&S to assist u with entries and exits

i like these charts above all else..they are so simple

Know any good sources to learn how to use time & sales from? I've had it up before during the day, but it's meaningless when you don't know what you're looking for.

I'll pay attn to the levels tomorrow & see if I notice anything.

Is it best to put a size filter on it?

Has anyone found time & sales to be beneficial when daytrading?

poland · Oct 31, 2011

Dear TO,

q1) to make $$$, can we stay on one side ??? Just long or just short...

q2) what do you think of CFD?? I am skeptic about MM CFD....does seem right to play with the house...who knows if they can even see your card???

q3) futures or stocks...
i think futures is more volatile....but it have its pros to....
for stock, the wrong hit, they will go died for a long time...
in short future, you get killed more frequent.....stock...might get killed forever....
Please help me correct my thoughts if you think it is incorrect.

Thanks.

baron193 · Nov 1, 2011

Quote from The Oracle:

well PO..it all depends on what u are trading..and what u call a large number of trades!

are u talking about scalping?

we have seen the fx experts in action recently..i am not sure how many trades they done as i stopped reading after the first few posts:eek:

TE sent me an excel file for the little old stocky fellows and i plugged in mr big fx to see what came up..needs a little bit of tweaking..but not much

i am not going to use the file..but i might look at it some time later..to see what this T&S is all about..unable to share the file right now..but maybe TE will change his mind..if the bold boys start behaving themselves:eek:

We had FX experts on this thread????
where??
So you mind explaining what is it the chart and T&S shows that's of use?
as i don't quite understand it (being a thick Fx trader).
Aside from the fact that large orders have moved the market at certain levels, what effect did that have on the medium (in scalping )term?
Say the next 10-15 pip movement?

... and of course the square #'s, 50 in that case

baron193 · Nov 1, 2011

Quote from poland:

Dear TO,

q1) to make $$$, can we stay on one side ??? Just long or just short...

q2) what do you think of CFD?? I am skeptic about MM CFD....does seem right to play with the house...who knows if they can even see your card???

q3) futures or stocks...
i think futures is more volatile....but it have its pros to....
for stock, the wrong hit, they will go died for a long time...
in short future, you get killed more frequent.....stock...might get killed forever....
Please help me correct my thoughts if you think it is incorrect.

Thanks.

Hi, being in a country where CFD's are widely traded and having had personal experience with some of those notorious MM's i can only say to you: be very careful
Unless they have changed their ways in the last few years, which i doubt.
Direct market access brokers are an exception i think.

Mysteron · Nov 1, 2011

Quote from The Oracle:

well MN..u should never believe anything u read on public forums..has that not been mentioned enough times already

of course there are secrets..every person has them..so what..why should that bother anyone else!

if u try to copy someone else then u might just end up wasting a ot of time..or/and losing a lot of money

TFF has always said that the most important thing..above all else..is the % risk per trade..for..for OBVIOUS reasons

gaps are but one play..and like all other plays..nothing is ever certain or guaranteed when trading..so..it looks like u have been in search of the wrong thing..altogether

that file TE sent me was not very good for fx..but i have made a small adjustment..and now it is better..it was a very simple adjustment..see if u can make out what the adjustment was when i post it..it might help u..or it might not..it depends on you

I wasn't copying TE as he never elaborated on the gap secret or what it could be used for. But he suggested gaps have a 'property' and being curious I did my own investigation and came to a conclusion, so I think that was useful in itself. BTW I very rarely trade at the open due to the fact that I am usually at work.