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  • #61
  • May 13, 2008 5:26am May 13, 2008 5:26am
Quoting trader8686
DRT,

First of all, thanks for your very precious posting.

And, I'd like to ask you:

Is the Longest Line - 1.5462 same as the River before ?

Is there a way to find out when is the very last time the price visits at the Longest Line - 1.5462 ?


trader8686
Not sure if you're interested in my opinion, but I calculated the mode again including today's 1 minute data so far and it's 1.5464

I'm guessing that if you were to use DTR's Tradestation file you would get 1.5462 again because yesterday when I calculated the mode and his Longest Line was 1.5462, my mode was 1.5464 as well.
  • #62
  • May 13, 2008 11:05am May 13, 2008 11:05am
DRT,

Please don't be offended by someone here.
I have been reading your posting for a long time.
People just not know you well enough.
We need you back to this thread.


trader8686
  • #63
  • May 13, 2008 11:55am May 13, 2008 11:55am
tenantro,

It is always good to learn from others than challenge others.
Put together other people's opinion, then develop your own pattern to trade.

Wisdom brings in success.

If you judge other's opinion worthless, that attitude can't help you success. I read DownRiverTrader's posting for 2 years, and he is good actually. So, why not try to learn something from his posting to see first.


trader8686
  • #64
  • May 13, 2008 11:57am May 13, 2008 11:57am
DRT. Please do start you thread again. It was very interesting and informative. Many of found it very useful.
  • #65
  • May 13, 2008 12:04pm May 13, 2008 12:04pm
Quoting trader8686
tenantro,

It is always good to learn from others than challenge others.
Put together other people's opinion, then develop your own pattern to trade.

Wisdom brings in success.

If you judge other's opinion worthless, that attitude can't help you success. I read DownRiverTrader's posting for 2 years, and he is good actually. So, why not try to learn something from his posting to see first.


trader8686
I think you have no idea what you're talking about.
  • #66
  • May 13, 2008 12:06pm May 13, 2008 12:06pm
I agree that DRT should continue his postings. It helps provide some guidance. Those who don't agree don't have to read the thread. Each to his own.
Expected the unexpected
  • #67
  • May 13, 2008 12:14pm May 13, 2008 12:14pm
tenantro,

I guess you don't know what you were talking about.
This thread was started by DRT, not you.

If you dislike it, you just keep away.

No one asked you to read it.


trader8686
  • #68
  • May 13, 2008 12:30pm May 13, 2008 12:30pm
Quoting trader8686
tenantro,

I guess you don't know what you were talking about.
This thread was started by DRT, not you.

If you dislike it, you just keep away.

No one asked you to read it.


trader8686
Riiight...and following the same logic as yours, I guess that when I open my own Price Distribution Analysis with Excel I should probably ask you to "keep away" as well, right?

If you really had a clue, you wouldn't have PMed me earlier today asking me how to use "DRT's Tradestation" (haha!) or how to calculate the mode.

The pretty colored cells in the screenshots he posted are simple histograms of price frequency distributions.I already replicated this in Excel and the only thing left to do is figure out what the "deviations" he mentions are.

I'm suspecting they are just the 1 and 2 standard deviations..nothing having to do with percents, but I will have to do more tests to reach a definitive conclusion.

I'm NOT contesting the value of the technique he attempted to present us, it's just that he can't explain how and why it works the way it works.

I suggest you read the thread once again and you will see he wasn't even able to answer kharvell's question as to what the +1%,+2%, -1% and -2% "deviations" are, not to mention not being able to answer my questions.

If it's not already clear enough to you, he doesn't know exactly how the Tradestation price distribution study works and how the values are computed.

Maybe he is able to use it successfully, but that doesn't mean anything for any of you, especially those of you that do not have Tradestation.
  • #69
  • May 13, 2008 12:55pm May 13, 2008 12:55pm
DRT,

We ask you to come back to your thread, please.

We need you here!


trader8686
  • #70
  • May 13, 2008 1:20pm May 13, 2008 1:20pm
Just wanted to let everyone know that I figured it all out finally and I will also be starting a thread dedicated to Price Distribution Analysis in Excel.

The "+1%,+2%,-1% and -2% deviations" DRT mentioned are not actually that at all.

The values represent the mean of the data - 1 standard deviation, mean of the data - 2 standard deviations, mean of the data + 1 standard deviation and mean of the data + 2 standard deviations.

Do not worry if this does not makes sense right now, I will explain it when I create the new thread and I will also post the Excel spreadsheet so that we can learn together.

This actually turned out to be very simple to do, of course it won't come with all the bells and whistles of Tradestation but it will still be usable.

I'm sorry that DRT seems to have gotten upset, but it was not my intention.My intention was to learn from his analysis and I would still like to thank him for the idea.
  • #71
  • May 13, 2008 1:22pm May 13, 2008 1:22pm
For anybody interested, attach the PDmonthly to a 4hr chart and you will get a similar image to DRT's....but without the 1 & 2% deviation..
Attached File(s)
File Type: mq4 PD Dynamics.mq4   6 KB | 504 downloads
File Type: mq4 PD monthly.mq4   6 KB | 487 downloads
File Type: mq4 PD Yearly.mq4   6 KB | 447 downloads
  • #72
  • Edited May 14, 2008 9:41am May 13, 2008 1:40pm | Edited May 14, 2008 9:41am
tenantro,

If you want to start your own thread, just start it on your own.

But you need to show respect to other's thread first, in that your thread is respected, too.


trader8686
  • #73
  • May 13, 2008 1:49pm May 13, 2008 1:49pm
Sample of indicator attached, EuroUSD
Attached Image
  • #74
  • May 13, 2008 2:04pm May 13, 2008 2:04pm
Believe me, what DRT does is not just market profile.
I know the market profile, too.
The downrivertrader's theory is more than that.
I have been reading his post for about 2 years.
  • #75
  • May 13, 2008 2:17pm May 13, 2008 2:17pm
Attached some reading on Market profile
Attached File(s)
File Type: pdf Market_Profile_Basics.pdf   471 KB | 606 downloads
  • #76
  • May 14, 2008 8:46am May 14, 2008 8:46am
I value this thread as an eye-opener and agree with others here that it provides another perspective on fx price behaviour.

Folks, it's OK if you disagree on some point but please put it nicely.

Someone here obviously hasn't - please stay away and start your own thread!

DRT, it takes effort to write. I REALLY appreciate your efforts to help us folks here at FF.

Please keep posting!

Thanks.
pips r jumpin n the euro is high..
  • #77
  • May 14, 2008 5:04pm May 14, 2008 5:04pm
Hey folks, thanks for all the kind emails......

I think you misunderstood a little. I stopped posting here because the tenantro person made me realize that I was giving out trading advice. It has nothing to do with that guy's rudeness. I just ignore people like him. He is now working on a PD thread of his own so I wish him luck. A couple days and he will be an expert with tons of profit I am sure.

Those of you who I have met before know that I tend to do analysis type posts and tenantro made me think that I may be posting in the wrong type of forum.

I might start a journal with my thoughts. This way no one can accuse me of "not knowing what I am doing". I like to help people to the best of my ability and I don't think this thread was helping.

We did make some nice profit on the EURUSD though.

And on a final note... we are holding at the longest line for now. STAY LONG!
  • #78
  • May 14, 2008 6:20pm May 14, 2008 6:20pm
DRT, now sure how to tell you this, but having opinions of my own, different than yours and expressing them does not constitute rudeness.it could however translate into bigotry on your side, when you refuse to believe such opinions may exist.you even turned bitter with the "a couple days and he will be an expert with tons of profit I am sure"

if you would really be interested in helping people like you say you do, you would first explain them the principles of what you're attempting to teach them, which i tried to do for you, in my thread.

instead of letting people acquire a distorted opinion because they were not receiving complete information, i chose not to keep everything to myself and share the research i did.

you implied it's not important to know how the system you use works exactly, which i believe was actually a way of saying you do not know how it works exactly.

because you were not interested in finding out how it works exactly, i was interested enough to do that for you and the calculations your system does, if plotted, would create a pair of Bollinger Bands, which is a suspicion JR97 confirmed; remember also that kharvel mentioned the possible resemblance to Bollinger Bands in the very early posts of this thread.

kharvel was trying to discern what the -2%,-1%,+1 and +2% mean and suspected they could be standard deviations instead and also suspected the resemblance to Bollinger Bands which plot 2 standard deviations away from the mean.

in case you read my thread you already noticed what I and JR97 discussed about Bollinger Bands, I won't reiterate it here because there's no point in doing that.

I'm really sorry if my desire to truly understand your system upset you, but I really believe that once someone decides to help people, the people deserve the full picture.Not knowing the full truth can be worse than not knowing anything at all.

I'm not interested in stealing your system or making "tons" of profit like you said, I did however attempt to understand it and determine it's applications which I believe I did eventually and by doing that I'm sure I helped a lot of other people as well, since you were unwilling to explain things anyway, but people were still curious as to how it worked exactly.

You're saying "I stopped posting here because the tenantro person made me realize that I was giving out trading advice." as if your intention was not to give trading advice and you repent that you were close to doing it.

Yet, you conclude your post with " And on a final note... we are holding at the longest line for now. STAY LONG!" which effectively means you're sure at least some people DID take trading advice and followed your analysis, either entering long positions or suggesting they do not close theirs yet.
  • #79
  • May 14, 2008 6:28pm May 14, 2008 6:28pm
you need to chill. I do not care about your thoughts. let it go and get on with your trading.
  • #80
  • May 14, 2008 6:31pm May 14, 2008 6:31pm
Quoting tenantro
DRT, now sure how to tell you this, but having opinions of my own, different than yours and expressing them does not constitute rudeness.it could however translate into bigotry on your side, when you refuse to believe such opinions may exist.you even turned bitter with the "a couple days and he will be an expert with tons of profit I am sure"

if you would really be interested in helping people like you say you do, you would first explain them the principles of what you're attempting to teach them, which i tried to do for you, in my thread.

instead of letting people acquire a distorted opinion because they were not receiving complete information, i chose not to keep everything to myself and share the research i did.

you implied it's not important to know how the system you use works exactly, which i believe was actually a way of saying you do not know how it works exactly.

because you were not interested in finding out how it works exactly, i was interested enough to do that for you and the calculations your system does, if plotted, would create a pair of Bollinger Bands, which is a suspicion JR97 confirmed; remember also that kharvel mentioned the possible resemblance to Bollinger Bands in the very early posts of this thread.

kharvel was trying to discern what the -2%,-1%,+1 and +2% mean and suspected they could be standard deviations instead and also suspected the resemblance to Bollinger Bands which plot 2 standard deviations away from the mean.

in case you read my thread you already noticed what I and JR97 discussed about Bollinger Bands, I won't reiterate it here because there's no point in doing that.

I'm really sorry if my desire to truly understand your system upset you, but I really believe that once someone decides to help people, the people deserve the full picture.Not knowing the full truth can be worse than not knowing anything at all.

I'm not interested in stealing your system or making "tons" of profit like you said, I did however attempt to understand it and determine it's applications which I believe I did eventually and by doing that I'm sure I helped a lot of other people as well, since you were unwilling to explain things anyway, but people were still curious as to how it worked exactly.

You're saying "I stopped posting here because the tenantro person made me realize that I was giving out trading advice." as if your intention was not to give trading advice and you repent that you were close to doing it.

Yet, you conclude your post with " And on a final note... we are holding at the longest line for now. STAY LONG!" which effectively means you're sure at least some people DID take trading advice and followed your analysis, either entering long positions or suggesting they do not close theirs yet.

Come on you all. We are all grown-up to have this discussion again and again. You both are doing nice job helping other traders. Lets keep it that way. Please post on your respective threads.
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