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Guys, I read all of Pat's threads on TL and ET (he is banned) and here's my 2 cents.
A. Urmablume's stuff is for high frequency, large size tick scalping, a style I have no interest in.
B. I think he cherry picked those examples.
C. He never posted anything about how this stuff makes him profitable despite repeated request from members.
D. He never posted any templates are indicators to share with the forum. Instead, he enjoyed dropping little hints about how this stuff is made. Totally the antithesis of this place.
E. I don't believe there are "speculative commercial traders" in this ES market who throw out hundreds or thousands of contracts as a naked bet, like black or red on a roulette wheel. This comes from a reliable source who would know of these things.
F. I don't believe his indicators are predictive despite the few charts posted.
G. I don't believe anyone has predictive indicators for that matter. If they did, they would soon own the world.
Being a former 'gamer' and 'hacker' I can appreciate using your 'edge' (legal or not) to win. Games such as Quake / Halo / DOOM can be manipulated via software or hacks that typical gamers don't even realize you are using against them.
(BUT YOU WIN).
With millions of dollars on the line, it would be unwise for one to not consider the possibility that this type of manipulation is occurring on the other side of your trade.
(AND THEY WIN)
BTW... Goldman Sach's made $110 million dollars a day last quarter.
At that rate, they will 'own the world' in a short time.
Zoethecus
Guys, I read all of Pat's threads on TL and ET (he is banned) and here's my 2 cents.
A. Urmablume's stuff is for high frequency, large size tick scalping, a style I have no interest in.
B. I think he cherry picked those examples.
C. He never posted anything about how this stuff makes him profitable despite repeated request from members.
D. He never posted any templates are indicators to share with the forum. Instead, he enjoyed dropping little hints about how this stuff is made. Totally the antithesis of this place.
E. I don't believe there are "speculative commercial traders" in this ES market who throw out hundreds or thousands of contracts as a naked bet, like black or red on a roulette wheel. This comes from a reliable source who would know of these things.
F. I don't believe his indicators are predictive despite the few charts posted.
G. I don't believe anyone has predictive indicators for that matter. If they did, they would soon own the world.
Rejoice in the Thunderstorms of Life . . .
Knowing it's not about Clouds or Wind. . .
But Learning to Dance in the Rain ! ! !
why this short frames? it is only chaotic without symmetry ...
make a short calculation for range or renko ...
for example daily range or hourly range
daily range (average/median of the last 21 days like forex) is 150 pips -- so i add my range bar to 15 range (10%)
on hourly range the average is 30 pips the last 21 hours and the median is 15 -- so i add my range to 6 range
- a move comes
and all your results became a clear mind or not ...
i do not understand the terms of volume but keep it simple
if you trade only small frames like 1 renko, 2 range or ... you will lose your focus in the picture. the price build on higher frames. the money maker moves the markets and not an army of scalpers ...
analyse the range maybe the volume and make a picture
look at the average and the median of an x - value
Zoethecus,
I am naturally a skeptic myself so I completely understand where you are coming from. It certainly appears that UrmaBlume cherrypicked her screenshots and this may all be a bunch of hogwash. Having said that, wouldn't you want to know when high frequency trading occurred if it exists? I think this concept warrants further investigation. If it leads to a dead end then at least we drew that conclusion seeing it for ourselves in real time and not from screenshots and reading posts on a thread.
Zoethecus,
I am naturally a skeptic myself so I completely understand where you are coming from. It certainly appears that UrmaBlume cherrypicked her screenshots and this may all be a bunch of hogwash. Having said that, wouldn't you want to know when high frequency trading occurred if it exists? I think this concept warrants further investigation. If it leads to a dead end then at least we drew that conclusion seeing it for ourselves in real time and not from screenshots and reading posts on a thread.
Dragon, the answer is no.
I have my hands full trying to refine 2 setups that gives me a positive expectancy without having to a bucket full of contracts for a tick or 2. IMO, the retail trader, will get crushed trying to play this game on a field that is clearly not level.
why this short frames? it is only chaotic without symmetry ...
make a short calculation for range or renko ...
for example daily range or hourly range
daily range (average/median of the last 21 days like forex) is 150 pips -- so i add my range bar to 15 range (10%)
on hourly range the average is 30 pips the last 21 hours and the median is 15 -- so i add my range to 6 range
- a move comes
and all your results became a clear mind or not ...
i do not understand the terms of volume but keep it simple
if you trade only small frames like 1 renko, 2 range or ... you will lose your focus in the picture. the price build on higher frames. the money maker moves the markets and not an army of scalpers ...
analyse the range maybe the volume and make a picture
look at the average and the median of an x - value
wh,
Your absolutely right!!
But, This is what a work in progress looks like!!!!
What am I am looking for??? entry and exit points for trades.
So far, I am only getting the "interesting" results on the chart interval displayed.
I would love other time frames too!!!
If you or anyone else has a simple way to coherently display "level2" order entry at bid and ask,
Not just market order totals, the tally of orders at, above, or below the market for any fixed interval regardless of the current price!!!
Please share!!!!
Working with level2 is doable only in real time and is very time consuming.
here're some thoughts about "big traders". first you need to put yourself in the shoes of a "big trader". lets say you want to go long the ES. you buy 5000 cars. and what is your goal? your goal is the market to go up. wouldn't it be in your best interest if everybody can see, oh there's a big buyer, I'm going long too? with other words the big trader WANTS the retail trader to follow him, so price will go his way. he's more than happy to show you what he's doing. it's really that simple. the ONLY way he don't want anybody to see his trades, is when closing a transaction (short or long).
high frequency trades are more for stocks. it's a common "frontrunning" game. kind of difficult in index futures, unless you have some inside information that can influense a whole market!
So for me too, these kind of indicators are absolutely useless.
zoethecus, ich muss dir rechtgeben. vollkommen richtig.