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  • #4,601
  • Mar 12, 2012 8:36am Mar 12, 2012 8:36am
Quoting mzvega
[font=Verdana][size=2]Funny fact that the retail trader, who is too lazy to educate themselves on the “auction market process”, is also too lazy to gather the facts and ask themselves why would Alexander Trading publish a book on the very subject 3 years later in 2008 if he believed that interview in 2005!?!? Why would he post that on his site? He obviously charges money to show people how to use this useless out of date theory. People, who are too lazy to pick up a book on the subject of the Auction Market Process, will pay hundreds of dollars,...
what is this? now someone asked to tell CME group that MP is not working. I gave the reference. It's already there. No lbst. Either alexander or anyone, it's always good to add greater variety to current one. Before able to contribute further, what we found was someone blabbering about RETAIL trader, two bs traders, etc. Thousands dollar course is not a big deal for ** or Bandung, for example. But for RETAIL trader, no lbst.

Okay then, enough of clarifying things. Good luck with the free knowledge one proud of. No, I really meant it in a no harm way.
  • #4,602
  • Mar 12, 2012 9:45am Mar 12, 2012 9:45am
Quoting ivonivon
what is this? now someone asked to tell CME group that MP is not working. I gave the reference. It's already there. No lbst. Either alexander or anyone, it's always good to add greater variety to current one. Before able to contribute further, what we found was someone blabbering about RETAIL trader, two bs traders, etc. Thousands dollar course is not a big deal for ** or Bandung, for example. But for RETAIL trader, no lbst.

Okay then, enough of clarifying things. Good luck with the free knowledge one proud of. No, I really meant it in a no harm...
you havent "clarified" anything! What is No LBST???? Where did you get that reference from? What book are you refering to? And why did Tom Alexander, write a book about MP, 3 yrs after that interview you posted from his site, if he thought AMT was usless, and is continually trying to teach this stuff??? Again, what is "no LBST"? But since you have avoided answering the same question when asked about 7 different times, Its safe to assume, you have no clue about what youre talking about, since you cant provide a simple reference to support you statements.......
Markets are not efficient, rather they are effective - Jones
  • #4,603
  • Mar 12, 2012 3:00pm Mar 12, 2012 3:00pm
"Il Saggio sa nulla, l'ignorante sa poco, el mona sa tutto!"
  • #4,604
  • Mar 12, 2012 4:12pm Mar 12, 2012 4:12pm
"Chi lava il capo all'asino perde il ranno e il sapone......."
Markets are not efficient, rather they are effective - Jones
  • #4,605
  • Mar 12, 2012 5:24pm Mar 12, 2012 5:24pm
"Quando comincia ad innalzarsi la superbia, allora comincia ad abbassar la fortuna..."
  • #4,606
  • Mar 12, 2012 9:34pm Mar 12, 2012 9:34pm
So, anyway folks. Now that Bandung has kindly coded a version of Volume Strips... Anyone wanna discuss how to interpret them? I kind of have an idea but Steidlmayer's video on the CME website was just a wee bit vague.

Thoughts?
  • #4,607
  • Mar 12, 2012 10:48pm Mar 12, 2012 10:48pm
Quoting Bilstein
So, anyway folks. Now that Bandung has kindly coded a version of Volume Strips... Anyone wanna discuss how to interpret them? I kind of have an idea but Steidlmayer's video on the CME website was just a wee bit vague.

Thoughts?
I keep trying to see what I can make of Bandung indi.
HUA (Lime) is when vol >= 3 vol above and below the row
LUA (Yellow) is when vol <= than 3 vol above and below the row

Im not quite seeing how "3 vol above and below" isolates "new shorts" from "fresh longs"

I think I may have interpreted slightly different than he, I kind of interpreted it as take the hvn vol divided/3 , then as new tics come in, if the vol is higher above then you have more new longs, and if you get more new tics below, you have more fresh longs.....

I still keep watching and takeing notes, but I havent quite figured out how to best apply it...............and you?
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Markets are not efficient, rather they are effective - Jones
  • #4,608
  • Mar 12, 2012 11:14pm Mar 12, 2012 11:14pm
I'm in virtually the same place you are. Realistically, with this market, we can only gather ticks. It's not the same as gathering contract volume-at-price. At least, I wouldn't think it is. My question is, could it be interpreted the same way?

I've been monitoring it as well and trying to discern a significance of the numbers as they appear. Think about it, price is going to move to a point, rotate in a small range until disequilibrium occurs and move again - we all know this. The next logical step is to find a way, if any, to use these figures to provide clues as to which way prices may travel away from balance.

Realistically speaking, given the risks of speculation, it stands to reason that one could simply ALWAYS trade a breakout from equilibrium. That really is what we do, is it not? Take advantage of imbalances in the market. I think what usually traps us is that we're inherently taught that prices can be "too high to buy" and "too low to sell" - I find that manner of thinking a little silly.

If prices auction higher off the open we already have a manner in which we can ascertain whether the opening was strong or not. The next logical step from say, an open drive (up) would be for a cluster of new sell orders mixed with a cluster of new buy orders hitting the market at the same time. Give it a little bit of time and prices will (if the open was strong enough) more than likely rotate and form a small balanced distribution. From that distribution, prices will eventually auction higher OR lower. Myself, I'm comfortable with a cleverly placed sell or buy stop on the extremes of the small distribution with a tight stop. If the market is going from balance to imbalance after placing those orders, the question really is; will the imbalance have some "UMF" behind it or not?

I think this is where these volume strips would come in handy. We need to know how volume is being allocated within these small pockets of balance that appear throughout each day.
  • #4,609
  • Mar 12, 2012 11:38pm Mar 12, 2012 11:38pm
Quoting bandung
wew.. i'm about to upload it,

here we go...
Hello bandung, Your swing indicators posted back in 12-11 would be great complement to new Steidlmayer's volume strip method....As I commented at that time that there was still some error in indicators...by fixing error to match original idea and indicator would be great contribution to volume strip method...As of now those swing indicators cannot be used...Would be great if you decide to fix them...


Quoting bandung
this moment i want to a get a feel using the zz close(swing close) first.
i decide to wrote my own zz close, now there's no bars left behind...
i hope there is no problem/bugs with this one.
The Market pays you to be disciplined
  • #4,610
  • Mar 13, 2012 12:10am Mar 13, 2012 12:10am
  •  s7c
  • | Joined Mar 2011 | Status: try and fail but don't fail to try | 289 Posts
i find strange how we failed to auction lower then last week value/range after the short covering rallie we had. the meaning of scr is to get rid of weak sellers so we should see the price test last month buying tail. the day time frame traders auction below a intermediate term reference and failed to continue the priced moving up, meaning the OTF found the price below value but this is not exactly right because that would mean the lack of sellers after a scr, anyway then so the price should have skyrocket yesterday...so as it didn't this would mean the intermediate/long term trader just waits for the right place as the fridays excess base? but this is not right either because the longer time frame doesn't give a shit about a excess made in sessions. so the conclusion is all this is just day and short term trader but then again the short term seller it should have find the price fair but we got the opposite.

yesterday we have uncompleted structure, value was kept lower but the close was on the high on lower volume reflecting weakness. now asia solved the poor low problem from yesterday but we keep auction above 24h open.
i'm very confused at this time and tired, but mostly confused. ideas?
  • #4,611
  • Mar 13, 2012 12:21am Mar 13, 2012 12:21am
Quoting Bilstein
It's not the same as gathering contract volume-at-price. At least, I wouldn't think it is. My question is, could it be interpreted the same way?
Interesting, question.....I would like to think its poossible. Thats something Id have to give alot more thought....... just off the top of my head, I would like to think we would have some kind of work around similar to "Vol & open interest" type analysis......fx, I think we lack open interest, factor, Im thinking it may be possible, in futures open interest of 1 contract, can contain 1,2,even 3+ vol transactions, in fx, arent we either all in or all out? so if thats the case, wouldnt vol transactions (tics) be sufficent enough? If we can discern fresh longs from fresh shorts?


Quoting Bilstein
Realistically speaking, given the risks of speculation, it stands to reason that one could simply ALWAYS trade a breakout from equilibrium. That really is what we do, is it not? .
Im not a big fan of of trading the breakout from equilibrium, but thats my preference. I prefer to trade the imbalance....But if I could make use of the vol strip, Id be more inclined to try. at the moment I dont have enough data, to feel confident to risk money trying.


Quoting Bilstein
I think this is where these volume strips would come in handy. We need to know how volume is being allocated within these small pockets of balance that appear throughout each day.
Im just not sure we're using the correct math........

Great food for thought! I apreciated you comments, and as always, I value your opinion
Markets are not efficient, rather they are effective - Jones
  • #4,612
  • Mar 13, 2012 1:10am Mar 13, 2012 1:10am
Quoting mzvega
I keep trying to see what I can make of Bandung indi.
HUA (Lime) is when vol >= 3 vol above and below the row
LUA (Yellow) is when vol <= than 3 vol above and below the row

Im not quite seeing how "3 vol above and below" isolates "new shorts" from "fresh longs"

I think I may have interpreted slightly different than he, I kind of interpreted it as take the hvn vol divided/3 , then as new tics come in, if the vol is higher above then you have more new longs, and if you get more new tics below, you have more fresh longs.....

I still...
That is not what Bandung indi is doing. The green is a High Volume area defined by being higher than the 3 above or below. The Low Volume is in Yellow lower than the 3 above or below. These are advanced concepts and if your new then go do some research.
  • #4,613
  • Mar 13, 2012 1:24am Mar 13, 2012 1:24am
Quoting mzvega
I keep trying to see what I can make of Bandung indi.
HUA (Lime) is when vol >= 3 vol above and below the row
LUA (Yellow) is when vol <= than 3 vol above and below the row

Im not quite seeing how "3 vol above and below" isolates "new shorts" from "fresh longs"

I think I may have interpreted slightly different than he, I kind of interpreted it as take the hvn vol divided/3 , then as new tics come in, if the vol is higher above then you have more new longs, and if you get more new tics below, you have more fresh longs.....

I still...
C... first you need to know how I calculate volume on price on mt4.

maybe you already know how i do this, but I think I never let you know directly.

so this is how I calculate Price on Volume
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...
  • #4,614
  • Mar 13, 2012 1:48am Mar 13, 2012 1:48am
Quoting mima
Hello bandung, Your swing indicators posted back in 12-11 would be great complement to new Steidlmayer's volume strip method....As I commented at that time that there was still some error in indicators...by fixing error to match original idea and indicator would be great contribution to volume strip method...As of now those swing indicators cannot be used...Would be great if you decide to fix them...
last time I try I got my hair curly trying to make ZigZag to be like on weis volume. as i busy with other thing.. i quit trying
...
  • #4,615
  • Mar 13, 2012 1:58am Mar 13, 2012 1:58am
Quoting s7c
i find strange how we failed to auction lower then last week value/range after the short covering rallie we had. the meaning of scr is to get rid of weak sellers


could you elaborate more......I dont get, "to get rid of weak sellers" could you provide a reference............

Quoting s7c
meaning the OTF found the price below value but this is not exactly right because that would mean the lack of sellers after a scr, anyway then so the price should have skyrocket yesterday


"However, if the rally is truly caused by short covering
and not new buying interest, the market will often resume its prior
course once the selling imbalance has been neutralized. Unfortunately,
such quick and erratic activity can easily heighten market anxiety and
cause traders to exit a trade far too early, or even exit shorts and enter longs. When identified and interpreted properly, however, short covering often generates a market-created opportunity to sell"
(not skyrocket, imo a resumption of the down trend is what I expect)
I interpret it complete opposite from you
Mind over markets 126-127 is where I reference this difference in opinion...
Markets are not efficient, rather they are effective - Jones
  • #4,616
  • Mar 13, 2012 2:44am Mar 13, 2012 2:44am
.
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  • #4,617
  • Mar 13, 2012 3:11am Mar 13, 2012 3:11am
Quoting bandung
C... first you need to know how I calculate volume on price on mt4.

maybe you already know how i do this, but I think I never let you know directly.

so this is how I calculate Price on Volume
I appreciate the clarification, I can definately begin to wrap my mind around that
Now Im off to do some much needed "Research"

with this explanation:
HUA (Lime) is when vol >= 3 vol above and below the row
LUA (Yellow) is when vol <= than 3 vol above and below the row

I got lost @ "3 vol" what? I wasnt sure if it was, 3 vol tics, rows, bars, etc.
Markets are not efficient, rather they are effective - Jones
  • #4,618
  • Mar 13, 2012 3:47am Mar 13, 2012 3:47am
Quoting mzvega
I appreciate the clarification, I can definately begin to wrap my mind around that
Now Im off to do some much needed "Research"

with this explanation:
HUA (Lime) is when vol >= 3 vol above and below the row
LUA (Yellow) is when vol <= than 3 vol above and below the row

I got lost @ "3 vol" what? I wasnt sure if it was, 3 vol tics, rows, bars, etc.
may this help..
and what i mean is HVN and LVN, node not area.
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...
  • #4,619
  • Mar 13, 2012 4:13am Mar 13, 2012 4:13am
Quoting bandung
may this help..
and what i mean is HVN and LVN, node not area.
Thank you, I appreciate the help, I think I just about got it........just to be sure does that include the rows 1,2,3 both above and below?
Attached Image
Markets are not efficient, rather they are effective - Jones
  • #4,620
  • Mar 13, 2012 4:21am Mar 13, 2012 4:21am
Quoting mzvega
Thank you, I appreciate the help, I think I just about got it........just to be sure does that include the rows 1,2,3 both above and below?
yes that include both above and below..
...
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