tag:blogger.com,1999:blog-847353783015972405.post2909376297834789081..comments2023-12-05T23:36:32.393+00:00Comments on ElectronicLocal: Is the Trend Your FriendElectronic Localhttp://www.blogger.com/profile/10539999419310383613noreply@blogger.comBlogger18125tag:blogger.com,1999:blog-847353783015972405.post-58775023972707131252010-03-10T13:49:07.894+00:002010-03-10T13:49:07.894+00:00Hi Tom,
I hope your visit "down under" ...Hi Tom,<br /><br />I hope your visit "down under" allows for some vacation time as well. We have never been there, but have plans to vacation there over the next few years, as long as the Trading Gods are accommodating...lol. It has been said in the past many times, but I feel compelled to say it here again… Thank You, for sharing your knowledge so unselfishly. In today’s age of a dime a dozen Trading Guru’s out there, all peddling this Indicator, or that Indicator, this Automated System, etc, etc, all at thousands of dollars in cost, with NO proof of CP offered, it’s actually extremely refreshing to see someone want to give back to the trading community, and NOT look to profit from it, since they make their own living from trading, not selling or promoting trading indicators, systems, etc.<br /><br />Driven's questions regarding Tradestations (TS) VB being different than yours actually reminded me to ask you the following:<br /><br />1.) It has been a while now that you have been using the Foot Print chart style, which to my knowledge Market Delta is really the only credible solution too. Have you had enough time with this now to say anything one way or the other about its usefulness? I have seen at times you mention that it helped you make a decision, but I am thinking more along the lines of has it become a "need to have" now, rather than a nice to have?<br /><br />2.) As I am sure you have heard many times before, Market Delta is not an inexpensive charting application. Understood that it's a cost of doing business though, so I have been working on where to move my trading too, since at this time I am a TS user, and it simply will not allow me to trade the way I want to perfect. The use of Market Profile and Order Flow just resonates with me, and I think that is a large part of the battle in figuring out the style of trading that we need to work on being CP with. Driven pointed out that TS VB does not match yours, nor will it ever, including CVB, because of the way TS captures the Bid/Ask data. This along with essentially NO Market Profile capability has made me realize I must move on. Is there a Charting/Data/Brokerage solution that you would recommend if one did not want to, or could not justify at the moment, the cost of Market Delta? I think I read in an earlier post, that you were advising one trader that the OpenECry and Sierra Charts solution is a solid way to go. Is this what you would recommend as your "second choice" to a Market Delta solution? Would this solution, or whatever other one you would recommend be prone to the same “issues” that TS has with portraying VB and CVB correctly?<br /><br />3.) With respect to the Market Delta solution, I am curious to hear which data feed and broker you are using with your solution? I am an Infinity brokerage customer, and I do like their customer service, rates, DOM, etc., and it looks like they are potentially a solution here. Do you have any thoughts on any of the brokerage solutions and data providers that Market Delta supports? I have noticed that some provide the data free, well, it's not free, and we know it's buried in the commissions, but you know what I mean...lol. Yet others like E-signal, etc are yet another monthly fee. I do like the replay functionality, something else that TS does not support, so I think some of these data choices within Market Delta allow history to do this, while still others do not. So this has to be a part of the solution scenario as well I guess.<br /><br />Tom, thank you for your generosity and your sincerity about what it takes to become a CP professional trader. Not only is Kiki very fortunate to be mentored by you, but we are all Blessed that you have allowed us to be able to come along for the ride as well. Have a wonderful time down under, and I look forward to continuing to learn from you.<br /><br />RichardRichardnoreply@blogger.comtag:blogger.com,1999:blog-847353783015972405.post-882102062897981682010-03-10T01:00:36.097+00:002010-03-10T01:00:36.097+00:00Thank you Mike...looks good, although still deviat...Thank you Mike...looks good, although still deviates from Tom VB. Does your TS chart althoug deviate? Would be nice to see exactly what he sees on the VB undicator.Driven!https://www.blogger.com/profile/16331251243926789028noreply@blogger.comtag:blogger.com,1999:blog-847353783015972405.post-71716367366654183012010-03-09T15:35:43.029+00:002010-03-09T15:35:43.029+00:00Driven,
I provided the TS indicators that EL is u...Driven,<br /><br />I provided the TS indicators that EL is using so I can try to help. You need to set up your chart with Momentum Bars set to 1 tick interval. Not sure what the 9 tick is that you are mentioning. The only chart setting with a 9 should be cumulative volume set to average by that amount. Volume Breakdown has no user inputs...just set up your chart as described above, add the volume breakdown indicator out of the box and you should be good to go. Let me know if you have probelms. <br /><br />MikeMike Lnoreply@blogger.comtag:blogger.com,1999:blog-847353783015972405.post-80608305551881626092010-03-09T10:20:13.612+00:002010-03-09T10:20:13.612+00:00Tajir, if VB was only because of pullback, I ignor...Tajir, if VB was only because of pullback, I ignor it as long as everything else fits.<br />Anon 19:32, Bar close.<br />timokrates, broadly, yes.<br />TrueBalance, only the one range bar chart. That's the only trend I'm trading. More charts confuse me and make me indecisive.<br />Anon, 23:14, I strongly believe that you have to create the setups so you own them, especially in the format of this blog. If I was mentoring someone like I was Kiki and have daily contact and see the trades then some extra guidance may be OK but not at the price of the newbie trader doing the extensive research required. You neither value nor "believe" what you get so easily. In any case, you can reverse engineer the trades and create setups, but you have to do the work to achieve that and that's the idea. Have a look at some of the comments of successful blog readers asking questions that gives some additional nuances to what they have worked out.Electronic Localhttps://www.blogger.com/profile/10539999419310383613noreply@blogger.comtag:blogger.com,1999:blog-847353783015972405.post-47128451668299794142010-03-08T03:14:25.424+00:002010-03-08T03:14:25.424+00:00EL, what is your reason in trading hang seng futur...EL, what is your reason in trading hang seng futures, over NIKKEI or KOSPI index? ThanksAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-847353783015972405.post-63344476415825486002010-03-08T01:14:16.273+00:002010-03-08T01:14:16.273+00:00Hey Tom, looking forward seeing some HSI trades......Hey Tom, looking forward seeing some HSI trades...Yuvalnoreply@blogger.comtag:blogger.com,1999:blog-847353783015972405.post-59835234151137889302010-03-07T23:56:01.000+00:002010-03-07T23:56:01.000+00:00Rocky, i have imported Volume Breakdown into the T...Rocky, i have imported Volume Breakdown into the Tradestation, but it looks like this indicator does not want to work with Range 1.25 9 tick. It shows me straight line at 1 Looking at your image you made it work in Tradestation. CAN YOU HELP?Driven!https://www.blogger.com/profile/16331251243926789028noreply@blogger.comtag:blogger.com,1999:blog-847353783015972405.post-19067076850165367202010-03-07T07:48:30.555+00:002010-03-07T07:48:30.555+00:00EL, Your posts are insightful as ever. Thank you v...EL, Your posts are insightful as ever. Thank you very much for sharing your knowledge. I was wondering if you could give some pointers on when you enter a pullback into 33 & 99 EMA and close in direction of prior move as a trend continuation and when you look to trade it as a trend reversal even if 33 and 99 are pointing in the opposite direction.<br /><br />Many Thanks <br />KenKenhttps://www.blogger.com/profile/12215110138330611136noreply@blogger.comtag:blogger.com,1999:blog-847353783015972405.post-3867579998277501622010-03-06T23:14:24.028+00:002010-03-06T23:14:24.028+00:00First, I want to thank you for sharing your trades...First, I want to thank you for sharing your trades on your blog. I have noticed in the comments lately that people have been getting a little frustrated trying to decipher your trades. I have been frustrated as well. However, this latest post, especially paragraphs 5-7, has probably been the clearest post regarding a trade set up to date. You have said that giving us your exact setups would not help unless we make them our own. I respectfully disagree. For newbies, it would cut down on the learning curve tremendously. So if you please, be more specific regarding your setups and just exactly what you were looking for, how your indicators lined up, etc.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-847353783015972405.post-21044130044279711122010-03-06T21:36:45.234+00:002010-03-06T21:36:45.234+00:00I've just re-read the entire blog (once again)...I've just re-read the entire blog (once again) and and I am quite stunned (once again) by your generosity. <br /><br />A simple question: do you ever look at time based charts during the day, when a range bar seems to be in it's box like forever? Or are range bar charts the only charts on your screens?<br /><br />And by the way - you could get a job writing the article headlines for any paper, any day. Some are priceless.<br /><br />Thanks,<br />TB.TrueBalancehttps://www.blogger.com/profile/03635470310934879563noreply@blogger.comtag:blogger.com,1999:blog-847353783015972405.post-2113555440070765522010-03-06T07:44:08.645+00:002010-03-06T07:44:08.645+00:00In regards to the trade Rocky posted, Tom would yo...In regards to the trade Rocky posted, Tom would you agree that the buying which came in when price came back from the lower keltner channel would indicate a potential long if it would remain together with momentum at the 33 EMA?<br /><br />And Tom, thanks again for your work. For me, it means lot.<br /><br />In terms of your post I have to say that I underestimated the role EMAs and Keltners can play as a quick reference for trend and also range. It is something which can be a good criteria for developing setups.<br /><br />Have a good time in australia, I'm looking forward to your Hang Seng postings. Did you ever thought about trading FDAX, FTSE or even Crude Oil?timokratesnoreply@blogger.comtag:blogger.com,1999:blog-847353783015972405.post-89389868487508167612010-03-05T20:53:40.680+00:002010-03-05T20:53:40.680+00:00EL: I have found your trade critiques, like for Ro...EL: I have found your trade critiques, like for Rocky above, to be very helpful. Particularly any description about specific nuances that the indicators were telling you about the Context which help you to create your picture of what the market is trying to do.R/Rhttps://www.blogger.com/profile/04876825233686122809noreply@blogger.comtag:blogger.com,1999:blog-847353783015972405.post-1774606810441860732010-03-05T19:38:12.734+00:002010-03-05T19:38:12.734+00:00Hi EL,
(another repost from comments two days ago...Hi EL, <br />(another repost from comments two days ago. march 3. hope you don't mind :) )<br /><br />I have a question on Trade 4 (march 3). (Assuming arrows show the trigger bar and you enter at the close or near the close of that bar), I am confused at why you chose to enter on a trigger bar which showed negative VB (it was showing divergence, bar closing positive with negative VB). When compared this with bar at 15:18 (two bars earlier), it seems like it gave stronger signal with bar being green, VB is green and CVD is increasing, CCI's are similar on both bars. <br />I appreciate your work and sharing of knowledge. Thanks.Tajirhttps://www.blogger.com/profile/03515821443451052730noreply@blogger.comtag:blogger.com,1999:blog-847353783015972405.post-41881970717286335112010-03-05T19:36:24.542+00:002010-03-05T19:36:24.542+00:00The first trade was into the globex point of contr...The first trade was into the globex point of control, why didn't you get long the previous bar?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-847353783015972405.post-9968220386805114222010-03-05T19:32:28.236+00:002010-03-05T19:32:28.236+00:00On March 4th did you take your first trade at 11:4...On March 4th did you take your first trade at 11:41 or 11:37?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-847353783015972405.post-37286120914469486292010-03-05T18:49:01.578+00:002010-03-05T18:49:01.578+00:00EL, now that I've really started staring at t...EL, now that I've really started staring at them, the volume / range bars are really really great. It seems as though you can totally see how traders react and what is actually driving the market (i.e. a buying climax, bears selling highs, and then their stops being hit one tick above which starts a new wave upward.) I hope that I am correct in my assumptions, but it tells a bit of a story to me, which makes it a bit more fun :)Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-847353783015972405.post-59535206367546474532010-03-05T18:20:01.068+00:002010-03-05T18:20:01.068+00:00Rocky, No, I wouldn't have taken it as both th...Rocky, No, I wouldn't have taken it as both the EMAs were horizontal, the \vb was flipping up and down - there was no CVD which makes it harder to resd the order flow. And most importantly, the short CCI was above zero so there was no strong downward momentum.Electronic Localhttps://www.blogger.com/profile/10539999419310383613noreply@blogger.comtag:blogger.com,1999:blog-847353783015972405.post-91658393213271658532010-03-05T18:10:15.967+00:002010-03-05T18:10:15.967+00:00Repost from 2 days ago. Persistance is good, right...Repost from 2 days ago. Persistance is good, right? Lol<br /><br />Hello Tom,<br /><br />Would Tom have taken this trade?<br />Having a little problems with pullbacks.<br /><br />Thanks<br />Rocky<br /><br />http://i46.tinypic.com/xf20q8.jpgAnonymousnoreply@blogger.com