Disliked{image} You won't find this image anywhere else on the internet, as I created it myself, based on my understanding of a course I just attended, that was run by an institutional trader.Ignored
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Abokwaik replies to PMs 95 replies
Disliked{image} You won't find this image anywhere else on the internet, as I created it myself, based on my understanding of a course I just attended, that was run by an institutional trader.Ignored
Disliked{image} You won't find this image anywhere else on the internet, as I created it myself, based on my understanding of a course I just attended, that was run by an institutional trader. The technical analyst sees only a small part of the total picture. Price charts show HOW price behaves (the EFFECT -- above the water in the image), while the underlying drivers combine in tug-of-war fashion to determine WHY (the CAUSE -- beneath the water in the image). Because the cause always precedes the effect, TA/PA is lagging. All TA/PA is derived from price...Ignored
QuoteDislikedHope you can give us based on your understanding, further elaboration with matching graphical representation (if its not too much a request).
DislikedEven with special tools and systems, it doesn't look major bank traders don't have obvious edge against retailers........Ignored
Disliked{quote} As far as I can tell, "footprint" charts differ somewhat from software manufacturer to manufacturer, hence some versions may be more similar to MP (which is more precisely standardized) than others. However, the concept of performing a study of bid and ask volumes at each price level appears to be reasonably consistent across all of them, even if they express/display these relationships in different ways. If you Google something like "footprint chart" and switch to Google's 'Images' tab to see what these charts can look like, you'll see...Ignored
Disliked{quote} Great stuff H. Excellent explanation of the emunerate possible causes for how price action unfolds and why as a predictive tool. The only thing I would add to this is that current price can also be a trigger for future action. For those trading momentum you can cheat the hard interpretation of the 'causes' and avoid the why's and simply act on the 'extreme' now's. There is not an explicit informational advantage in trading momentum apart from understanding human behaviour in times of stress. You do need to have an understanding however of...Ignored
Disliked{quote} Hello good evening Copernicus, can you show me the way for this "momentum" illustration or example or link please... Thank You in advance.Ignored
Disliked{quote} Hi aye. Mate.....not to brag.....but a good starting point at least is my thread which contains heaps of links to what the pro's do in the smaller world of momentum trading under a diversified portfolio. There is a recent illustrative walk-through provided here of a breakout approach on my thread that is backed up by pretty robust statistics. Hanover's approach is very robust and follows what the Global Macro boys in the professional space do.....but there are...Ignored
Disliked{quote} Thank You Copernicus, I will try to follow you and Hanover's path even with a limited knowledge so far... Great to have you both here in FF. Again many thanks, MichaelIgnored
Disliked{quote} It's a pleasure mate.....but unfortunately the Global Macro approach and the Momentum approach are diametrically opposed in some ways.....which ultimately means you need to position yourself in one camp or the other dependent on your preferences. Unlike TA which can be enhanced by an understanding of FA......the Momentum camps and the Global Macro camps cannot afford to pollute each other's styles. For example....most momentum chasers avoid any news like the plague as it encourages forward prediction and a momentum chaser's resource are...Ignored
Disliked{quote} Thanks and well noted, (for me)I could put it like this : momentum for short/present analysis but eventually it will sync with the Fundamentals. But again it will be a long way for me and maybe much more convoluted to thread.Ignored
DislikedDo you have any tool which is able to collect info on GAPs for all pairs at once with the new trading week started?Ignored
DislikedI'm slowly developing my own approach to trading. As opposed to a 'system', it involves the use of several different concepts, and is extremely complex (I disagree with the 'keep it simple' principle). I'm not looking to experiment with new TA-based ideas, or collaborate with anybody who is predominantly TA-focused, at this point.Ignored
DislikedBeing that you use the indie I wanted to ask do you have any clues as a programmer how it derives the data to draw a zone?Ignored
p2 = MathMax(iClose(pair,tf,i),iOpen(pair,tf,i)); if(i>0) p2 = MathMin(p2,MathMin(iHigh(pair,tf,i+1),iHigh(pair,tf,i-1))); if(i>0) p2 = MathMin(p2,MathMax(iOpen(pair,tf,i-1),iClose(pair,tf,i-1))); p2 = MathMin(p2,MathMax(iOpen(pair,tf,i+1),iClose(pair,tf,i+1)));
Disliked{quote} Simon, Bredin apparently lives in NZ (as I do) but I've never actually attempted to contact him. It looks like his insanityindustries webpage has been disbanded. This must be a fairly recent event, as I managed to visit it successfully just a few months ago. It's a long time since I looked at the SupDem code. It's a complex beast and I never figured it out completely. If we ignore the fib plotting and the alerts, there are three main considerations to the zone/box plotting: 1. Determining the swing high/low points (which are the distal edges...Ignored
Dislikedare you by any chance aware of the history of "oscillator indicators" used in trading ?......Ignored