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  • #481
  • Dec 12, 2015 12:43pm Dec 12, 2015 12:43pm
Quoting dljonesFan
Thank you mzvega for your opinion. You are right, there are differences in displaying trending/bracketing conditions. The direction of the cash flow could be misinterpreted and so the market condition. I experimented in the past with different settings. The wohle problem of that sensetive setting of 1 price steps is that my mt4 starts to run very slow. If there is one thing I hate, than slow working programs. Because of that I cant use this setting. But so far I see no problem with my 10 price step setting, because 90% of my analysis is based...


Quoting dljonesFan
Thank you mzvega for your opinion. You are right, there are differences in displaying trending/bracketing conditions. The direction of the cash flow could be misinterpreted and so the market condition.
What it looks like visually, thats not a concern, imo, because we arent trading the indicator, But what I thought would be of concern is that it also skews your export data, that also becomes skewed.
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Quoting dljonesFan
But so far I see no problem with my 10 price step setting, because 90% of my analysis is based on statistical data (reference points) in my excel sheets and the last two weeks I dont miss one of the breakouts. If that success rate holds, I wont change my settings. I think I could solve that setting issue
I understand, 100% of my analysis is based on quantitative analysis (reference points), personally I would find a problem if 90% of my analysis is built using skewed statistical data.

But then we only can use the tools that we have available to us..
No problem, I wont mention it again
Markets are not efficient, rather they are effective - Jones
  • #482
  • Dec 13, 2015 10:20am Dec 13, 2015 10:20am
Hi.
This analysis can be used in larger frames times?
How can such H4 ?
I have a full-time job and can not keep up with the market intraday.


Thank you in advance .
  • #483
  • Edited 12:42pm Dec 13, 2015 12:08pm | Edited 12:42pm
Quoting Matheuzera
Hi. This analysis can be used in larger frames times? How can such H4 ? I have a full-time job and can not keep up with the market intraday. Thank you in advance .
This analysis has no "chronological" time
Its not a bar chart; a bar chart is linear "price to price", and 1 dimensional.
We trade value. Value is a 2 dimensional variable. Value cannot be viewed using linear "price to price data (time series/bar chart/candlesticks).
A bar chart makes it impossible to distinguish "price" from "value".
We are trading "Value" not "price".......
Markets are not efficient, rather they are effective - Jones
  • #484
  • Dec 13, 2015 1:06pm Dec 13, 2015 1:06pm
Quoting Matheuzera
Hi. This analysis can be used in larger frames times? How can such H4 ? I have a full-time job and can not keep up with the market intraday. Thank you in advance .
It doesn't matter what chronological time frame you look at, the data remains the same.......
The data isn't built from the chart as with TA indicator's, the data from the chart is converted to a 2 dimensional format, it is just borrowing mt4 as a place plot the data, since it is not "of" the chart, it has to float on top. it has nothing to do with the bar chart. It is just borrowing space.
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Markets are not efficient, rather they are effective - Jones
  • #485
  • Dec 13, 2015 1:31pm Dec 13, 2015 1:31pm
Quoting mzvega
{quote} This analysis has no "chronological" time Its not a bar chart; a bar chart is linear "price to price", and 1 dimensional. We trade value. Value is a 2 dimensional variable. Value cannot be viewed using linear "price to price data (time series/bar chart/candlesticks). A bar chart makes it impossible to distinguish price from value. We are trading Value not price

Thank you for the explanation mzvega.
  • #486
  • Dec 13, 2015 2:07pm Dec 13, 2015 2:07pm
Quoting Matheuzera
{quote} Thank you for the explanation mzvega.
Markets are not efficient, rather they are effective - Jones
  • #487
  • Dec 14, 2015 8:21am Dec 14, 2015 8:21am
Hi mzvega,

I checked some tpo buyer seller ratios for 1 and 10 price steps settings. The ratios (more buyer or more seller) seems to be nearly the same. Also I can find the tails. Iam using currently the 2.1 version. Maybe the newer version updates that data issue. I will use my data setting until I notice some critical errors. But I appreciate you concerns about my settings. Thank you for that, this is realy nice of you.

Today I take a day off, becasue I do not feel so well (my cold returns). Hopfully tomorrow gets better.

greetings
C
  • #488
  • Dec 15, 2015 9:49am Dec 15, 2015 9:49am
Iam currently reading the home study handbook from cbot (again). That book is not my favorite. The text is very hard to understand because of its pure technical nature. Maybe after that I have to read it a third time.
  • #489
  • Dec 15, 2015 11:59am Dec 15, 2015 11:59am
Quoting dljonesFan
Iam currently reading the home study handbook from cbot (again). That book is not my favorite. The text is very hard to understand because of its pure technical nature. Maybe after that I have to read it a third time.
In hindsight, if I had to do it all again Id start with Mind over Markets, it is just as technical, however its written in such a simplistic way that anyone can follow along. If I had to rate it for ease of readability from 1-10, I'd give it an 8 or 9, where the new cme handbook or the older cbot version, I'd give a 3. There is a lot of material in MOM that the handbooks, dont cover. Then I would read VBPT, where Jones details his further research.

MP comes from a floor traders perspective (Steildlmayer/Dalton); they were "local traders". Everything is written from how floor traders trade. Very different from the behavior of LTF participants. Jones goes into in-depth detail. However, in order to understand where MP fails, you need to have read MOM to understand Jones's research. He suggests reading MOM as a prerequisite for his research

I found VBPT first, and at the time, was way over my head. I had to go back to MOM and learn the fundamental basics, before I could make sense of Jones's research. But I have read all published materials numerous times, and then some.....
Markets are not efficient, rather they are effective - Jones
  • #490
  • Dec 17, 2015 8:38am Dec 17, 2015 8:38am
Quoting mzvega
{quote} In hindsight, if I had to do it all again Id start with Mind over Markets, it is just as technical, however its written in such a simplistic way that anyone can follow along. If I had to rate it for ease of readability from 1-10, I'd give it an 8 or 9, where the new cme handbook or the older cbot version, I'd give a 3. There is a lot of material in MOM that the handbooks, dont cover. Then I would read VBPT, where Jones details his further research. MP comes from a floor traders perspective (Steildlmayer/Dalton); they were "local traders"....
Have you read "Markets in Profile"? (Dalton, 2007)
  • #491
  • Dec 17, 2015 8:44am Dec 17, 2015 8:44am
AUDNZD broke the 5day and has been testing since, I haven't decided to close as vty still steady
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AUDUSD
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I am still holding USDCAD......yesterday was a minor pause in LTF trend
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Markets are not efficient, rather they are effective - Jones
  • #492
  • Dec 17, 2015 8:51am Dec 17, 2015 8:51am
Quoting mzvega
AUDNZD broke the 5day and has been testing since, I haven't decided to close as vty still steady {image} {image} AUDUSD {image} {image} I am still holding USDCAD......yesterday was a minor pause in LTF trend {image} {image}
Thank you mzvega,

nice trades, congratulations. I havent be in the market the wohle week because of my cold.
Have you read "Markets in Profile"? (Dalton, 2007) And what do you think about it?
  • #493
  • Edited 1:25pm Dec 17, 2015 9:20am | Edited 1:25pm
Quoting dljonesFan
{quote} Thank you mzvega, nice trades, congratulations. I havent be in the market the wohle week because of my cold. Have you read
"Markets in Profile"? (Dalton, 2007) And what do you think about it?
Markets in Profile is more ambiguous, imo.......It completely ignores the EOD analysis done in Mind over Market. That process of EOD analysis, prepares you for the analysis done in Jones's research. In hindsight I would have ignored that one, but you can possibly gain something from reading all the published materials..

I have read:
Markets and Market Logic Steidlmayer

Steidlmayer on Markets: A New Approach to Trading

141 West Jackson: a journey through trading discoveries Steidlmayer

Steidlmayer on Markets: Trading with Market Profile, 2nd Edition

Mind over markets Dalton/Jones /Dalton

Markets in profile.Dalton /Dalton/Jones

Practical Trading Applications of Market Profile Alexander

Value-Based Power Trading: Using the Overlay Demand Curve to Pinpoint Trends & Predict Market Turns Jones

I would recommend first Mind over Markets, then VBPT........and Markets and Market logic as side reading, and then any of the others in any order, as you can gain something of value from all of them
Markets are not efficient, rather they are effective - Jones
  • #494
  • Dec 22, 2015 5:17am Dec 22, 2015 5:17am
Hi Guys - quick question. Today's GBPAUD composite 3, 5, 10-day profiles all say 'Non-Bracketing' even though they have only 1 distribution. Looking at the exported info, I see nothing to indicate that it would be non-bracketing. Is there some other criteria that I'm not aware of regarding bracketing? Thanks and Happy holidays to all.
Karma is a bitch, so play nice w/her
  • #495
  • Dec 22, 2015 6:05am Dec 22, 2015 6:05am
Hey Bill,

can you please upload an screenshot of the profiles AND your indicator settings?

This week was not bad, I closed my positions today because of the holidays.

Greetings
Chris
  • #496
  • Dec 22, 2015 8:51am Dec 22, 2015 8:51am
Quoting billmac3
Hi Guys - quick question. Today's GBPAUD composite 3, 5, 10-day profiles all say 'Non-Bracketing' even though they have only 1 distribution. Looking at the exported info, I see nothing to indicate that it would be non-bracketing. Is there some other criteria that I'm not aware of regarding bracketing? Thanks and Happy holidays to all.
Are you using the criteria found in the book VBPT?
Markets are not efficient, rather they are effective - Jones
  • #497
  • Dec 22, 2015 9:20am Dec 22, 2015 9:20am
OK - I guess you don't understand my question. This isn't a parameter issue for the indicator but a conceptual one. If the indicator says 'Non-Bracketing' but there's only 1 Distribution, isn't this wrong? Doesn't 'Non-Bracketing' mean there's more than 1 Distribution? If that's wrong, then what value(s) in the exported .csv file would make the composite profile 'Non-Bracketing' if there's only 1 Distribution? Or is there another definition of 'Bracketing' that I'm not aware of? As you can see, I'm using a default set of parameters more or less. Just Look at the chart. Each profile has only 1 distribution....
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Karma is a bitch, so play nice w/her
  • #498
  • Dec 22, 2015 9:30am Dec 22, 2015 9:30am
Quoting billmac3
OK - I guess you don't understand my question. This isn't a parameter issue for the indicator but a conceptual one. If the indicator says 'Non-Bracketing' but there's only 1 Distribution, isn't this wrong? Doesn't 'Non-Bracketing' mean there's more than 1 Distribution? If that's wrong, then what value(s) in the exported .csv file would make the composite profile 'Non-Bracketing' if there's only 1 Distribution? Or is there another definition of 'Bracketing' that I'm not aware of? As you can see, I'm using a default set of parameters more or less....
Turn on the "show tpo count" to true and then let me see,
The tpo counts will help me determine if it is bracketing or not...
Its not what it "looks like", only tpo counts determine where the bracket begins and ends
my daughter is home from university and she has completely taken over my office and computer, I am stuck using a lap top at the moment.......
Markets are not efficient, rather they are effective - Jones
  • #499
  • Edited 9:51am Dec 22, 2015 9:39am | Edited 9:51am
Quoting billmac3
OK - I guess you don't understand my question. This isn't a parameter issue for the indicator but a conceptual one. If the indicator says 'Non-Bracketing' but there's only 1 Distribution, isn't this wrong? Doesn't 'Non-Bracketing' mean there's more than 1 Distribution? If that's wrong, then what value(s) in the exported .csv file would make the composite profile 'Non-Bracketing' if there's only 1 Distribution? Or is there another definition of 'Bracketing' that I'm not aware of? As you can see, I'm using a default set of parameters more or less....
Change the "Min. tpo's in distribution" to 3,3,5,5
for overlays that are 5 days or less, is 3 tpos, 10 days or greater, the value is 5 (VBPT)
also is the indicator placed on the 30m chart?
Markets are not efficient, rather they are effective - Jones
  • #500
  • Dec 22, 2015 9:50am Dec 22, 2015 9:50am
OK - I'm going to ask a direct question. What is the definition of a Bracket? If the answer is 1 distribution and no other factors, then why does the info box below the profile say 'Non-Bracketing'. The exported file says there's only 1 distribution for the profile ending on 12/21/15 for each of the 3,5,10 day profiles.
Karma is a bitch, so play nice w/her
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