Auction Market Value Theory & Analytics

Thank you Mzvega for sharing your trades!

I talked to a friend of mine about all your appreciated work here in this thread. I showed him some of your entries. He asked me why you are not sharing your loosers. Maybe there are some traders out there that want to learn from you and they are doing the same errors like you at the time you were learning that method. And I think maybe that could help some of us. After sharing all the entries and the articles it would bring the method into an other interesting light. For example dealing with unexpected market activity behaviour. Or dealing with conflicting data. Would you be so kind and explain the difficulties you have experinced from the amv theory? What was the hardest part to understand? And how you solved that?

For example for me it is still the risk managment - setting stop loss levels right. In the past months, I traded this method hard. I used 3 day breaks (in and out same day/daytrading) and it worked very well. Then I tested the outcome of a "total looser round" (the market takes all my stop losses from all the 3 day breaks). The price activity moves out of the brackets and then fall back into the balance. The loss was very significant (traded only small sizes for training). Iam still working on that issue to get the risk/reward ratio right/measuring the risk of a position.

greetings
C

Remember this conversation?

Rules usually exist for a reason
http://www.forexfactory.com/showthre...47#post8822447

Yet against my advice you are once again fixated on trading the 3day.
You either accept the extra risk involved, or you don't. If Cisco decided the the "Potential to Risk" (FOM) for the 3 day was not worth posting for it's paid subscribers, how much worth could it be for you? He probably didn't post it for fear people would actually use it.

I don't have time to encourage people to not follow the rules or give spend my time giving advice on how best to break the rules.

What Happened?
http://www.forexfactory.com/showthre...56#post8824556

Let's discuss issues that arise when following the rules.
When in doubt..........follow the rules.

recap
What is the criteria we are looking for? Cisco had a daily bracket screen that lists potential trades. What is the criteria for potential trades?


All potential trades start with a 5&10 balance which are displayed in the bracket screen for potential trades

VBPT page 101



I best manage my risk by not trading the 3 day. The "potential to risk" FOM does not make those trades worth the risk trading. For me the risk & effort is not worth the potential in the long term. That is why it was not listed in the daily select table (bracket screen) for Cisco's paid subscribers.

Again my advice.......follow the rules.

Some one just asked me my win rate. I explained why I felt It wasn't very important. A couple of years ago when I was less experienced I experimented trading AMVT trading strictly by the rules. I had a win rate of 91.8%. It doesn't at all prove that I am a good trader.

What it proves & demonstrates is that no matter how many times I'm wrong which I can be often, I can exit the trade at slightly better than breakeven. 91.8% of the time, out of a 1,801 sample of trade entries, right or wrong, I managed exit the trades a better than BE.

I don't mean to sound smug, but max consecutive wins 224, the losers (exit worse than BE) have often been far few and far between. Not all trades result in a new trend, but my ability to exit my trade at better than BE in the case of a failed trade are the "potential to risk ratio" trades I look to for. I can still be wrong more often than right and still be profitable.

I am only looking for one thing, I'm looking for the small window of opportunity when the condition of the 5day changes from bracket into LTF trend. I trade the break out.if I am wrong that we didn't start trending, I know I could be wrong well before BE. I can hold a position beyond BE if I choose and assume more risk or I can exit at BE. Worse case scenario I have the opportunity to exit at slightly better than BE, if I don't exit and continue to hold and lose its because of "greed and stupidity". Which could have been avoided by simply following the rules. Exit the trade and try again, or move on.

I don't take responsive trades. Cisco did the research and found the FOM (potential to risk ratio)for responsive trades are significantly less than trading the change of market condition from bracket to trend.

I've tried responsive trades and 3 day brackets and although I've tried, for me the profit potential is not worth the amount time spent & effort spent for the amount profit potential which can be gained.

I have no examples of bad trades using the 3 day, I don't trade the 3 day because most of all the trades and SL's fall within the volatility envelope. Why would I take trades were both my entry & sl lay within the vty fluctuation envelope?

The 3 day is used for trading daily balances. If the 3 day is not in balance the intraday balance daily profile is invalid. That is the "context" in which the 3 day profile is used. But we dont trade daily balances or the 3 day bracket. We use info from it for informational purposes.

Why not you start by posting some of these trading scenarios where you have trouble managing your risk in scenarios where you follow the rules of 5 and/or 10 day brackets. That I can help you with..

Again I don't do responsive trading. I'm only looking for trading opportunities that have the greatest amount of potential for the least amount of risk taken. Trading the small window of opportunity where we go from LTF bracket to LTF trend. I only want trades that have the least amount risk (BE) to the profit potential of trading a LTF trend.

Compared to the 3 day, using the 5 you can trade opportunities for almost the same amount of risk while you have the greater amount of profit potential by getting into a multiday trend, than the profit potential of a short intraday price fluctuation by trading 3 day brackets.

What do I do about conflicting data.? If the data doesn't support the trade, I dont take the trade. If I do take the trade, I have to assume & accept the risks involved by entering a trade, when the stats are not in my favor..

Here is what I call a failed trade the EG I just recently posted. I entered the break out here. When the chart looked like this.

Over the course of a couple of days now, The trade didnt or hasnt resulted into a LTF trend or at least just not yet.
The trade when I entered



The trade is now trading inside the bracket. This is the perfect example of a trade not turning out as expected. I can exit now in the case of a failed trade entry that didnt work as expected (better than BE). Or I can wait to be stopped out at BE. Either way I was wrong or my timing is wrong, Either way, I can exit the trade without taking a loss. So, now you have an example of a failed trade.. A failed break that didn't result in a LTF trend.


It's not a matter of being right or wrong, it's the ability to manage your risk......I only trade low risk high potential trades or not at all.

Here's another example of a trade not working out as expected. I traded a break of the 5 & 10 early yesterday. What the trade looked like when I entered.


What the trade looks like now. Another failed trade that did not result in a LTF trend. Which is now trading inside the bracket. There is a good chance I am wrong. I can exit now at better than BE, And look to re enter. Or I can wait to get stopped out at BE in the hope I may still be right. The chances are that I am wrong. I can still be wrong and exit without taking a loss. What do I have to risk? A failed trade at slightly better than BE or the profit potential of a multi day trend? Again this is the kind of "potential to risk" ratio I look for when I enter a trade.

Another trade that didn't work out as expected, my failed trades don't always result in a loss

Part of my point is you can't quantify chart patterns. You want to "see" what "technically" causes errors. You want to see entry X on chart and if price does this at Y on chart do or not do this..... So you can learn. The whole point of this thread is quantitative analysis of ref points. Not the chart.. My trading decisions are not based on the chart or screen moves. It is the data.

The point is you cant "quantify" chart patterns, using holistic pattern recognition. When you work close to the data you can see that each identical looking bracket (pattern) is the result of an unique set of circumstances . In TA they take the same "trade set up" and apply the identical set of rules to each different set of circumstance without any regard for the underlying data. i.e. If price does x at y on the chart ,or if price moves to z, do this, or not do this... etc.

Remember I trade changes in market condition, not changes in price. Price is only a advertizing mechanism, it moves around advertizing at different prices (over range of prices), hoping to solicit and entice people to trade. Advertizing at different prices at different times attract different participants . I dont let changes in price fool me into thinking the condition of the market has some how changed.

You can have identical patterns. But what cant be known by looking at the pattern (bracket) is the internal data which makes each situation unique. People trade these "patterns" & trade scenarios blindly. They expect every pattern to have the same outcome.

Hypothetically, you have a bracket. The profile "looks the same". You can have the same identical looking pattern (Bracket). But what you cant see on the chart are the internal details.

One case the market could have been trending and just came into a bracket. You wouldn't want to trade that breakout because the condition has moved from trending to bracketing. It would be risky to trade a Break because the data would tell you reached trend end. The data keeps you from trading blind.

Same bracket scenario, however the market could have been bracketing for several days. You have a better opportunity for a break into a new trend because the market has been trading in a bracket for some time. Add increasing vty inside the bracket and the odds of a break into a new trend, or at least a good attempt. In either case I can profit from a break into new trend or from a fairly good attempt.

If the data doesn't support the trade or has conflicting data, I don't take the trade unless I understand & accept the risk of doing so.

Same looking pattern under very different circumstances. So how do you identify the unique circumstances when the bracket pattern always looks identical in both circumstances? From the data.

People trade BO's for no other reason than there is some kind of line created by some indicator on the chart. Instead of understanding the underlying market mechanics that causes the pattern in the first place.

Brackets happen for 3 reasons, pause, test of new trend, or a test of end of trend. In order to distinguish one from the other or determine where we lie within the market unit, you need to see the data.

What is missing from a market condition (Bracket) set-up is any specific information on the internal (between the limits) market situation. That you cant find on the chart.

There would be nothing to learn from my charts. My error would be in my reading of the data Thats why I post the data along with my chart. So you can see my logic & reasoning for entering the trade.

There is no technical explanation on the chart for a failed BO that you can learn from my mistakes. Each failed BO is the result of a different set of circumstances. And to determine the circumstances you need to see the data. You cant use the same "technical explanation" for a failed trade. And use it to avoid futures failures because each failure is unique to itself. So to learn from your mistakes, you have to look at your data. Watch for failed BO, dont trade it, but look at the data, and the unique circumstances, and learn from it. The more you study the data the more you can readily identify different circumstances by reading the data. There are no red light green light trade signals.

There are no "technical" moves on the chart that drives my trading decisions or "technical" explanations to help you learn from my mistakes . I enter the market using the data and exit when the data no longer supports the trade, not technical fluctuations in price & PA.

That's one of the differences between "Technical analysis" and "Auction market analysis"

The point of the thread is to learn to read the data & Learn to 'read' markets; which ones offer opportunity and at what risk.

http://www.forexfactory.com/showthre...78#post8950778>

Most of my errors come from laziness, blindly trading a bo without looking at the data first. Or immediately trade the BO for fear of missing out and then realize later after looking at the data that it wasnt a very bright idea. The beauty of the data is that when I am wrong, I can immediately look at the data, and find what was the offending piece of data that caused the error in my analysis. You can easily learn from your own mistakes.

What can you learn from my chart in the case of a failed break into new trend, if I failed to see in the data that the market had already been in a LTF trend and the data was showing signs of exhaustion? How could you learn to avoid that same mistake by looking at my chart? My charts cant "technically" teach you how to read and organize objective market data.

This isn't some kind of TA trading system. If price does this, then do this, or if price goes here don't do this... etc. That's called technical analysis, not auction market analysis..

I get it...it's way too much effort to learn how to organize and read objective data. Its pretty evident due to the lack of participation here. Most retail traders prefer the path of least resistance......TA

I can help by showing you how to read & organize objective market data. I just cant do it in the form of "trade set ups & failures", and screen moves (PA) on the chart as none of that has any relevance in my analysis.

AMVT your failure or success lies in your own ability to organize & read objective market data......... not applying/avoiding the same identical technical set up on very different sets of circumstances.

Hi Mzvega,

"Most of my errors come from laziness, blindly trading a bo without looking at the data first. Or immediately trade the BO for fear of missing out and then realize later after looking at the data that it wasnt a very bright idea. The beauty of the data is that when I am wrong, I can immediately look at the data, and find what was the offending piece of data that caused the error in my analysis. You can easily learn from your own mistakes."

Thats interesting point. Here it would be nice to get more detailed data. Do you know Alexander Elder? He is a famous price trader. In his books he also shares his loosers with exact statements why the trade dosent worked out (in his vew as a price trader). It helps newbees to compare to thier own mistakes and get some more confident on thier way.

greetings
C

Mzvega,
The point of the thread is to learn to read the data
But we all are hypnotized by the so called technical analysis, not auction market analysis.

Your trading decisions are not based on the chart or screen moves. It is the data.
You trade changes in market condition, not changes in price. Price is only an advertising mechanism.

The data keeps you from trading blind.
You enter the market using the data and exit when the data no longer supports the trade, not technical fluctuations in price & PA.

That's one of the differences between "Technical analysis" and "Auction market analysis"

You can help by showing us how to read & organize objective market data. (PA) on the chart as none of that has any relevance in your analysis.

Continue helping those of us who are hooked up for a long time with chart patterns and got hypnotized for quite a time with trying to forecast technically. We don't even know the difference between reading data and reading charts.

As far as I understand unless one grasps the idea of trading only by looking into the data "auction market analysis" is not understood. If one feels clue less unless looking into the chart and spins his/her head as if he/she lost her GPA and lost the compass of not having chart patterns, then only then it is good to learn the GPA is not the chart but the data. I am trying to awaken myself from hypnotic state of chart patterns and PA. Please help to know the difference reading data and watching charts, reading data is the very challenge for me as I feel clue less when I am not watching the chart.
Thank you
JP

Hi JPworks,

"You can help by showing us how to read & organize objective market data."

I think you should clearly say what your problem is with reading data. Because Mzvega cant understand what you mean by that. Data reading is a huge topic.

For example:

How should I create/handle the TFF average?
Or what is the 1day poc development and how doese it influence my trading decision on that specific day (with pic, screenshot)?

I think the best way to work with Mzvega is to take one specific situation in the current market and post it here with your interpretation of the data set (+screenshot). In that way you can bring data+market picture together.

I hope you understand what I mean (more clearer questions).

For start,

1.take the articles
2. search the historical chart data for already broken brackets for example eur/usd brackets (Day Shift(...); export data as csv)
3. compare your data set with the bracket break on the chart. (connection between chart picture and data set)

The data set should be inserted into excel or other software. And you will understand how the data shows you the development from bracketing to trending.

greetings
Chris

Chris,
I am sorry if I am not clear. I wrote it as my admiration for Mzvega as specified in the last statement the idea of recommending to have full command to read the data from the spread sheet rather than the charts with so many fancy indicators. I am still from the old school heavily dependent on charts, even with the AMVA indicators I am still glued to charts instead of the data itself (excel sheet) and I am not even looking into the data at all. I am not a program to be able to get charts from the spread sheet. I am trying to use mt4 add-ons but still I think I am using a wrong one, please recommend one so I may be speaking on the same page .

Any way, it is not out of confusion that I wrote but out of my admiration that interpreting the data is far greater that the chart itself. I would like to focus for now to be in the level of taking trades using the spread sheets without even looking into charts and that way I would confirm I understood AMVA. Thank you for your concern.
JP

Hey JPWorks,

thank you for your answer. Your screenshot helps me to solve the problem.
This seems to be some metaprofile indicator on daily time frame basis (every day new profile, market profile = tpo profile = meta profile, not volume profile).

1. You need a composite profile indicator. http://www.fxindi.net/p/download-mt4-indicators.html (klick on download composite profile indicator)
2. load the indicator with following settings: 1,3,5,10,15,20 day; 1 price steps.
3. export reffs and import the csv into statistical software for example excel to analyse the dataflow, create net flows, averages... (lot of work)
4. get some info in this thread about market units and try to figure out how the data (ref points) and the graphic (chart) develops together (play with the day shift function to get back in history, searching for 5 day balances)
5. ask questions if something is unclear.

greetings
C

Chris,
Ah, I have to use this one. I really appreciate.

Auction Market Value Analytics(tm)

Copyright CISCO Futures 2007
(my comments in blue)
Since the beginning of Market Profile(tm) in 1985 the promise of true value based trading has remained attractive but elusive. The major difficulty comes in recognizing market situations as they are developing, using pattern recognition. There are 30 or so reference points. Few traders can juggle the lot, discarding those that are not applicable to the situation at hand. Normally, traders prefer some sort of hard, numerical evidence for their trading decisions. Value Analytics is the first methodology to tie profile analyses to quantitative values.

Auction Market Value Analytics (AMVA) is an analytical, measurements based approach that puts value trading technology within the reach of all traders. AMVA combines measures of overall market condition (balance or imbalance) with current market behavior (volatility, volume, market range, trade facilitation, value, activity at price extremes, etc.). This combination not only catalogs the current market situation but also indicates it's flow and directionality.

Trade Preparation and Execution

1) End of Day Market Analysis: Preparation for Tomorrow

A) AMVA concentrates on the last three trading days. But first it takes a longer view of market condition. Balances and proto-balances* are posted for four periods, 2, 3, 5, and 10 days. These time frames, when taken collectively, show market condition over the entire period of interest to day traders and most longer term traders as well. Balances give the upper and lower limits (resistance and support) for each time frame.
Condition is the framework within which all your trading decsions should be made.

*Balances & proto balances (proto-balance is used because the balances we use for market condition are 5day+, the 2& 3 day profiles are proto balances used for informational purposes and used in a daily report used for trade prep. For the following day, not bracket trading.

B) Once you have the overlying market condition from the Overlays (5&10 day), you concentrate on the details of what the market did yesterday (it's value, volume, tick activity, volatility, range, initial balance, point of control, behavior at the day's extremes, etc.). A number of these 'reference points' are Market Profile concepts: you need some familiarity with MP to utilize the Value Analytics data. As a part of VA, you are provided sources/references for a brush-up. Market behavior in the current day, interpreted within the framework of the market's condition, gives a good read on 'what's happening' right now. This is the best information available on the collective opinion of all traders.

C) Lastly you turn to the previous two days to find the trajectory of this market. Is volume increasing, decreasing? Is the price range growing or not? What is happening to value and POC? Is the close nearer the top or bottom? Answers to these types of questions tell whether this market is growing, declining, directional or congesting. These are the details, the knowledge that gives you a trading edge.

D) Now you have the information needed to set your trading strategy for the next day.
a) You should know what price at which you will enter, and your add-on price (s), or other strategies.
b) You should know exactly how much you are willing to lose if you are wrong, your exit price.
c) Tomorrow Pre-Open, Confirmation or Modification of EOD Analysis (Midnight to ~7 AM)

2) Trading the Next Day, Pre-Open
Some markets begin actively trading shortly after midnight. Within an hour or two a comparison of current market behavior with the 3 day Overlay gives a graphic picture of the market's follow-through of the previous day's movement. Adjustment of your trading strategy generated last night may be needed. If so, it will be clear what has changed from the previous day (e.g. a breakout).

The 3 day is not listed in the Daily Report to be used for bracket trading. The data/info is to analyze the FOLLOW through from the time of your EOD analysis, and trade set-up for the following day.

3) Post Open Trading (or Pre-Open Trading if You Choose)
Value is 'continuous and migratory' and the day-trader in particular must keep track of this continual migration. AMVA tools such as CMaPS (our net flow data) track the market flow intra-day. Care must be taken to avoid over-reaction to perfectly normal fluctuation. Market reaction time is of the order of 15 minutes and you could display CMaPS in that time frame. Following ticks is counterproductive.

4) Exit Tracking, Change in Market Condition
A rule is to leave a trade alone so long as market condition is favorable. AMVA has a short timeframe analytical tool that examines market condition change relative to current conditions. If market flow information is becoming questionable, you can turn to:
Fine scale market condition: Run-Pause analysis to detect a new balance on the 15 minute time scale
Larger scale market condition: Run-Pause analysis to detect a new balance on the 30 minute time scale

Tutorial Information
Reading (decoding) the Market Profile literature has posed a problem for many. First, it tends toward pattern recognition and that always involves ambiguity. Secondly, a good bit of the published material has a poor index or none at all. AMVA eases your problem with a set of 'Lookup' tables. These tables offer a list of keywords, located with their pages in the source publication. One of the primary sources, CBOT Market Profile Manual, is free for download at CBOT.com. Another, Value Based Power Trading, is free on the CISCO site. The two by Dalton, et.al, are still in print and may be purchased on the internet.

Auction Market Value Analytics (tm)

Explanation

Uses Sample Data Report (emini SP 20070129)
Copyright CISCO 2007

(My comments in blue)

The goal of the CISCO Auction Market Value Analytics methodology is to provide the trader with a level of information such that the trader has an edge. That edge comes from a detailed understanding of the market's condition and the reference points associated with the profiles and other market elements. This knowledge becomes the trader's input to a trading strategy.

Two primary tools are used. Overlay methodology examines the market's state of balance/imbalance on several time scales. With market condition known, then the critical issue for directional markets becomes the direction the market is moving. In a consolidating market it is always a question of the band, the limits of the consolidation. In most situations of interest it is the tendency toward, not the actions themselves we seek. The flow of the market over the past three days is often apparent from the changes in the reference points (volatility, tick counts, value area, initial balance, etc.), We look for tendencies, early evidence of change. If a move becomes clearly apparent, it is usually too late to gain an edge.

The Reports are developed assuming the trader has a working knowledge of profile nomenclature. Sometimes that is not the case. In the Report Table description we have inserted some references to help straighten out any misapprehensions or knowledge gaps. An associated tutorial is in development, a game approach to learning Value Analytics and interpreting the Tables.

The Report Table is in two parts; 1) Market condition and 2) Profile and related elements. Report Profiles and Report Overlays provide backup information, confirming and extending the data in the Report Table.

Part 1. Market condition is reported as balance or other. A balance is reported with the upper and lower limit pair. Price above the upper limit is an 'upside breakout', alerting for the potential start of an up trend. Likewise, a downside breakout alerts for a down trend. Trend is another way of saying 'value change'.

Line 1a lists two balances, one for two days, one for three days.
Under are # distributions and close locations of the presumed balances
Line 1b lists the five day balance.
Line 1c lists the ten day balance.

These four day balances show market condition over a range of 10 days. In the Sample Report the limits are found:

Upper Lower
2 Day 142450 141400
3 Day 142475 141375
5 Day 142900 141400
10 Day 143850 141400

Note: The 2 and 3 day Overlays are assumed to be in balance although, a true balance can not be known for about three days. If the line '#Dist & Clos %R' shows 2 or more for the #Dist, look at the Overlay Report to see the actual distribution. On a day-to-day basis profiles may have a great deal of movement even if their market is actually in balance. That day to day variability may give a false impression of directional movement; as shown by the 5 days of profiles display in
Overlay Demand Curve Background.

If there is a five day balance, as is the case here, you can assume the 2 day and 3 day Overlays are in balance, since they have not broken out. If a trend was under way the 5 day balance would not exist. If the market is just coming back into balance you want to understand this movement as well as you can. So your analysis starts with the 2 day and 3 day Overlays. (not you trade selection)

To know if the 2 and 3 day Overlays are tending toward balance, you must physically examine them. If the test Overlay(proto balance) has only one distribution it is showing balance. However, balances are such that more than two or three days may be required to determine the condition. The measures of the numbers of distributions and location of the close can help in your determination. (not trading the profiles)

It is not possible to tell from a single profile (1 day) whether or not it is in a balanced market. This was the fatal flaw we found in the CBOT Market Profile (1985) and led to the development of the Overlay methodology. Within a balanced market, even a three day Overlay can, on occasion, be uncertain in showing balance. But a three day Overlay is usually very reliable in identifying balance, if one exists.

Everything starts with the 5day condition This is for intraday trading. All analysis starts with a 5 day balance. If the 5 day is in balance it is assumed that the 2 & 3 are in balance. If the 3 day looks balanced and the 5 day is not, the market is still trending. Another way to put it, if the 5 day(condition) is not in balance, you have no confirmation that the 3 day is in balance. Point is the 3 day profile data is used for information displayed in the daily EOD Report for analysis. If it was meant to be traded it would be listed in the trade selection table (bracket Screen).

Mzvega,
You make me laugh remembering the past when I read the above posts. We thought for so long we are financial analysts putting together some fancy indicators (ma, stochastic, rsi, cci etc.) assuming we can forecast the very next move, then and only then to find ourselves fall in the slaughter machine of trading debacles (loose what we had).

These are real bones I have to grind until it takes the last teeth. I am fully committed to AMVA. Thanks, I feel they are posted for me.

I am now reading "value based power trading" so that some how it may help me reduce my newbie questions.
JP`

Hey JP,
I appreciate your enthusiasm. It is great to hear you're reading VBPT. A lot of the volume data is not applicable to forex, but it helps understand the logic behind tpo count.
It does however take some required reading. Do you have a working knowledge of MP? And have you read MOM in it's entirety? I ask because the book VBPT is the main subject of the thread. A lot of people confuse this to be MP. If you have a working knowledge of MP, It makes it much easier to understand why this isn't MP and what the differences are.

For any one who has read MOM in it's entirety, should have learned the EOD "directional performance analysis" used in MP for trade prep the following day. AMVA is very similar in that it does the same thing on a larger scale. Most people haven't read MOM or have a clue about directional performance analysis used by Dalton in MOM. But if you are familiar with the EOD "directional performance analysis" used by Dalton, learning to organize the data in amva won't seem so strange.

But please do read VBPT. I If there is something you dont quite understand in your reading, please feel free to ask questions and I will assist you with any help you may need in understanding..

I am not sure how much of the thread you have read through but you should find posts that will help explain how to organized your data in excel.

Mzvega,
Thank you.
Do I have a working knowledge of MP? And have I read MOM in it's entirety?
I thought I had since I was using sierra tpo but in realty I don't. I understood the difference between mp and amva here in this forum. Yes I read MOM. I read the forum indeed, though some are over my head. I am trying to read everything that explains for me what each of the excel data meant to the chart. I hope I will shorten my learning curve. You can learn something from people but you can not learn an experience, you have to be there yourself, but it is possible to shorten to reach at following those who make it such as you and Chris. Yes indeed I need some help in understanding what the excel data meant to the chart. I am from old school of chart analysis not data analysis. Thank you for your enthusiasm to help others.
JP

Hey JPworks,

how is it going?
Any problems dealing with the data sets?
Do you know where you can find the csv files?

greetings
C

MzVega,

Came upon your thread through comments on the "Big Ideas" thread. Your comments about S&R struck a note with me. I'm always searching for new ways to look at the markets. Seems like quite a learning curve on the AMVT. You've kindly supplied many resources here (thread, MOM, VBPT, etc.). What would you recommend to get 'up to speed' on the concepts and in what order. And do I necessarily need to delve into MP first?

Thanks in advance and I look forward to learning here.