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Trade Point Technologies

  #16 (permalink)

Hartford, CT. USA
Trading Experience: Intermediate
Platform: NinjaTrader
Broker/Data: AMP/CQG, Kinetick
Favorite Futures: RTY
RJay's Avatar
Posts: 685 since Jun 2009
Thanks: 745 given, 768 received

DavidHP View Post
Any progress?

I have been checking some things out and I've come to an impass.
The spikes on the chart MUST be something besides or in addition to volume.
They could be volume related but they are strange because of a few things:

If the chart is a 1000 share chart = 1000 volume bar chart. (Ninja can do that I've run it with the replay data just as he has on the data from 9/17/09.

I see the three areas his charts show as spike areas. Some of the indicators I'm using actually show some type of volume spike but here is the part that is the puzzle:

If the bars on his chart are 1000 volume, then EACH bar will only show 1000 contracts and then a new bar will be generated. His charts show spikes over 45000 on those volume bar charts. If that were volume spike alone without some modification then the 45000 contracts would have created 45 bars not 1.

(at least that is the way I understand constant volume charts work)

I think the system he uses looks very good but I'm not certain that everything he writes is easy to uncover.

Am I missing something here?

Hi David,

Yesterday, I learned a few setups that don't work!!!

The 1000 volume test was a bust. To duplicate Pat's charts, I would need to change my formula.

I did do a capture with my stuff and some of cunparis's trade setup stuff together.

My indicators on these charts are works in progress.

They are my new "Supply" indicators, Cool Huh!!!!!!

At 07:22 you can see the volume rally on the two bottom panels.

On the two middle panels, you can see that rally being overwhelmed and crushed!!!

The market then exits the encounter in the opposite direction.

Yes, I cherry picked this chart capture.

You get the general idea of what is going on in the markets.

I need to do more research!!!!

I'm going to re-read Pat's posts at TL, AGAIN!!!!


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