Welcome to NexusFi: the best trading community on the planet, with over 150,000 members Sign Up Now for Free
Genuine reviews from real traders, not fake reviews from stealth vendors
Quality education from leading professional traders
We are a friendly, helpful, and positive community
We do not tolerate rude behavior, trolling, or vendors advertising in posts
We are here to help, just let us know what you need
You'll need to register in order to view the content of the threads and start contributing to our community. It's free for basic access, or support us by becoming an Elite Member -- see if you qualify for a discount below.
-- Big Mike, Site Administrator
(If you already have an account, login at the top of the page)
He served on the CBOT's board of directors for three years., came up with Market Profile, and, maybe more importantly, the Liquidity Data Bank. But he also failed with X-Funds, which, similar to VS, is difficult to grasp at first.
He is a vendor, but, at least how I perceive him, is more about evolving the marketplace than to make a few bucks; He is more a market philosopher than an evil blood-sucking vendor from the netherworld. I think he is quite comfortable now, anyway. I don't agree with all his reflections, but he has given me food for thought in the past (and now). He clearly has some active synapses, perhaps too many (as is evident in the presentation). Like all of his ilk, he is ego-driven. But most that accomplishes anything are just that. In fact, we all are. Nietzsche spoke of the "will to power" being the driving force for all human beings, and I tend to agree. Alas, that is often misunderstood (and bastardized by Ayn Rand, e.g.) to mean power over others -- it might just as well mean control over one's own life.
I agree with the basic philosophy of VS and I have been trading in a similar fashion for years. My focus, however, has been price -- not volume. I will elaborate more in a later post.
The world, and the markets, have become increasingly primitive in recent times. He speaks of going back to a pre-exchange "database" and I agree with that sentiment. I think the good trading books from the beginning of the last century is just as relevant now, and even more than 20 years ago. I actually think the world is in a state of regression and that we're heading back to the Dark Ages. Religion and superstitions are on the rise, people seem to care less about anything outside their immediate surroundings and scientific literacy is declining. We are becoming more technologically advanced and ignorant at the same time. My theory is that there are now so much information available that people become overwhelmed and "shut off". There are so many "facts", that it seems easier to just "believe".
I like to believe that the pendulum will swing back, but the question is when...
@Lornz, its all well and good to quote the new york times, but I think we all know where the real commentary on our times can most reliably be observed:
Seek freedom and become captive of your desires. Seek discipline and find your liberty. - Frank Herbert
I have read you mention 'Clean Chart' before. What exactly do you mean by this?
Also, do you use any form of opening range methods to find trades? You mentioned before finding certain things that become obvious once you see them. Where you referring to something in order flow, price patterns within bars, or some type of profile activity?
I just meant that I don't have indicators or lines on it, I just use it for visual reference. I also try to filter out as much noise as I can.
I will answer your other question in a future post. I intend to write a little about that topic, but not tonight. It's Friday night and you know what that means....
While I don't agree with Ron Paul on everything, I think this interview is really good. Usually these kinds of things are just filled with fluff, it's rare to see some straight talk...
The volume strip application currently interfaces with T4, only ( they will be adding TT by the end of the year). Currently the annual lease is $350(will be going up in the future I believe) which can be paid via pay pal / credit card. There isn't much educational material (1 document covering key strokes of vol. strip and one document going over some of the theory), observation and self discovery will be the best path to success. They don't offer any free trials or an interface for sim trading.
I have the software, but haven't done much with it yet. My interest in it, so far, is academic. It's always fun/exciting to try something new, particular from someone like Peter. Anyway, I'm sure a few of us will have fun exploring the new world of VS.