How does one measure PRESSURE up or down? - Emini Index Futures Trading | futures io social day trading
futures io futures trading


How does one measure PRESSURE up or down?
Updated: Views / Replies:1,594 / 10
Created: by hector24 Attachments:0

Welcome to futures io.

(If you already have an account, login at the top of the page)

futures io is the largest futures trading community on the planet, with over 90,000 members. At futures io, our goal has always been and always will be to create a friendly, positive, forward-thinking community where members can openly share and discuss everything the world of trading has to offer. The community is one of the friendliest you will find on any subject, with members going out of their way to help others. Some of the primary differences between futures io and other trading sites revolve around the standards of our community. Those standards include a code of conduct for our members, as well as extremely high standards that govern which partners we do business with, and which products or services we recommend to our members.

At futures io, our focus is on quality education. No hype, gimmicks, or secret sauce. The truth is: trading is hard. To succeed, you need to surround yourself with the right support system, educational content, and trading mentors Ė all of which you can find on futures io, utilizing our social trading environment.

With futures io, you can find honest trading reviews on brokers, trading rooms, indicator packages, trading strategies, and much more. Our trading review process is highly moderated to ensure that only genuine users are allowed, so you donít need to worry about fake reviews.

We are fundamentally different than most other trading sites:
  • We are here to help. Just let us know what you need.
  • We work extremely hard to keep things positive in our community.
  • We do not tolerate rude behavior, trolling, or vendors advertising in posts.
  • We firmly believe in and encourage sharing. The holy grail is within you, we can help you find it.
  • We expect our members to participate and become a part of the community. Help yourself by helping others.

You'll need to register in order to view the content of the threads and start contributing to our community.  It's free and simple.

-- Big Mike, Site Administrator

Reply
 
Thread Tools Search this Thread
 

How does one measure PRESSURE up or down?

  #1 (permalink)
Elite Member
austin, texas
 
Futures Experience: Intermediate
Platform: ninja trader
Favorite Futures: currency futures
 
Posts: 508 since Jan 2011
Thanks: 14 given, 231 received

How does one measure PRESSURE up or down?

How does one measure PRESSURE to the upside or downside?
What exactly could PRESSURE be defined as and is there a way to measure it. Like is it price or is it volume or what is it? Also how does one know that the PRESSURE is about to burst. What has to happen to get a clue. Any help would be appreciated.

Reply With Quote
 
  #2 (permalink)
Quick Summary
Quick Summary Post

Quick Summary is created and edited by users like you... Add FAQ's, Links and other Relevant Information by clicking the edit button in the lower right hand corner of this message.

 
  #3 (permalink)
Elite Member
Northern Germany
 
Futures Experience: Intermediate
Platform: NT
Favorite Futures: FDAX, CL
 
vvhg's Avatar
 
Posts: 1,583 since Mar 2011
Thanks: 1,016 given, 2,807 received

Answer
This post has been selected as an answer to the original posters question Answer


Personally I would define pressure as trades @bid vs. trades @ask. But there are probably numerous other definitions.

Maybe THIS post can be of help...
For knowing when the pressure is about to burst you need a crystal ball...jokes aside, I found that I developed some kind of feel for it by watching markets for countless hours, obviously I do not match the accuracy of a crystal ball

Vvhg

Hic Rhodos, hic salta.
Reply With Quote
The following user says Thank You to vvhg for this post:
 
  #4 (permalink)
Elite Member
Quebec
 
Futures Experience: Intermediate
Platform: NinjaTrader wt Rancho Dinero's profiling tools
Broker/Data: Stage 5 trading/AMP/CQG
Favorite Futures: ES, NQ, YM
 
trendisyourfriend's Avatar
 
Posts: 3,697 since Oct 2009
Thanks: 3,041 given, 4,496 received

Answer
This post has been selected as an answer to the original posters question Answer

Higher high and higher low = pressure up. Lower low and Lower high = pressure down. It takes a few seconds to recognize.

Reply With Quote
The following user says Thank You to trendisyourfriend for this post:
 
  #5 (permalink)
Elite Member
Rockland county , New York
 
Futures Experience: Intermediate
Platform: NT 7
Favorite Futures: CL, 6E, SI, ZC
 
whatnext's Avatar
 
Posts: 235 since Mar 2011
Thanks: 340 given, 79 received

Answer
This post has been selected as an answer to the original posters question Answer

----- What are you looking to achieve? ----

There are many interrelated ways to get a feeling for future direction. Can you gather a few indications which when combine point to a probable outcome?

If pressure is the price movement determined by majority rule of orders placed after manipulation: what are driving forces behind price movement you can try and gauge?

Order flow?, patterns?, fundamental calls?, profiles? any other edge you can observe to see levels?

The aspects you judge depend on your method / objectives / availability - most importantly timeframe held and risk allowed.

Does digging around day after day for a good fundamental stock opportunity offer a more realistic means of growth than being on the right side of a short term trade over and over and over?

Warren Buffet made the joke: "we only need one good idea a year!"

It took me a while to realize how funny it was - as when you aren't moving massive funds all you need is one good pick a year to grow ;-) Can you balance?

Can comparing different markets and / or different stocks in the same sector shed light on current trends that may point to expected movement?

Has anything worked in the past? Could watching various webinars styles make something click? Can you piggyback the trades of someone who tends to be successful - it they make sence to you for that trade? Can you take the other end of the trade of someone who is generally unsuccessful like a forex broker ?

I hope others will improve on this answer.

"Be right and sit tight." - Jesse Livermore
Reply With Quote
The following user says Thank You to whatnext for this post:
 
  #6 (permalink)
Knowledge Seeker
Dubai, UAE
 
Futures Experience: Intermediate
Platform: TOS, TradeStation
Broker/Data: OX, TradeStation
Favorite Futures: Stocks & Basic Options
 
RedK's Avatar
 
Posts: 171 since May 2012
Thanks: 44 given, 138 received

Answer
This post has been selected as an answer to the original posters question Answer

my platform doesn't provide bid vs ask data, so the closest calculation/study concept that defines pressure for me is DMI .. where the "DI+" expresses how much the bulls are "pushing" to take the high higher, while the "DI-" expresses how much the bears are pushing to take the low lower.. both expressed as ratio of the ATR .. when one of these directional indexes crosses over the other, you get a move in favor of the force behind it. if that move is supported by strong volume that has been accumulating in the same direction (fuel), it's probably a stronger move.. when that DI crosses a certain threshold (some use 20, some use less or more) you get a more sustained move of price.. that basically shows me that one of the two camps is now in control of the action.

Cheers,
K

Reply With Quote
The following user says Thank You to RedK for this post:
 
  #7 (permalink)
Elite Member
New Delhi, India
 
Futures Experience: Intermediate
Platform: NEOTICKER, NinjaTrader, MarketDelta
Favorite Futures: ES,Stocks, Futures
 
Posts: 160 since Sep 2011
Thanks: 731 given, 100 received


hector24 View Post
How does one measure PRESSURE to the upside or downside?
What exactly could PRESSURE be defined as and is there a way to measure it. Like is it price or is it volume or what is it? Also how does one know that the PRESSURE is about to burst. What has to happen to get a clue. Any help would be appreciated.

I would say that if a lot of trades are happening in the form of upticks, then that would represent an upside pressure in that particular stock and vice verse.

Reply With Quote
 
  #8 (permalink)
Elite Member
Albany, NY
 
Futures Experience: Advanced
Platform: MT4, thinkorswim
Broker/Data: MB Trading Free EXN Forex, TD Ameritrade
Favorite Futures: Forex, Equity Options
 
scratchman's Avatar
 
Posts: 3 since Nov 2009
Thanks: 2 given, 0 received

Answer
This post has been selected as an answer to the original posters question Answer

I use a William Blau's Tick Volume Indicator, described in his book Momentum, Direction, and Divergence (Wiley). Fortunately, a very competent version of this was coded for MetaTrader 4 (I trade Forex) and is available here: Tick Volume Indicator v2 - MQL4 Code Base

As with any indicator, you'll need to play around with the settings to find those that work best for you. Currently, I use 8,8,3 on my 5-minute charts, and it is very helpful. Combined with some sort of support & resistance tool, such as pivots, it can be the basis of a good method.

Reply With Quote
 
  #9 (permalink)
Elite Member
austin, texas
 
Futures Experience: Intermediate
Platform: ninja trader
Favorite Futures: currency futures
 
Posts: 508 since Jan 2011
Thanks: 14 given, 231 received

indicator


scratchman View Post
I use a William Blau's Tick Volume Indicator, described in his book Momentum, Direction, and Divergence (Wiley). Fortunately, a very competent version of this was coded for MetaTrader 4 (I trade Forex) and is available here: Tick Volume Indicator v2 - MQL4 Code Base

As with any indicator, you'll need to play around with the settings to find those that work best for you. Currently, I use 8,8,3 on my 5-minute charts, and it is very helpful. Combined with some sort of support & resistance tool, such as pivots, it can be the basis of a good method.

Thanks Scratchman, I use Ninja Trader but your indicator sounds something of interest.
Do you know if it is available for Ninja. Or maybe one of our fellow members can convert it into Ninja.

Thanks
Hector

Reply With Quote
 
  #10 (permalink)
Elite Member
Albany, NY
 
Futures Experience: Advanced
Platform: MT4, thinkorswim
Broker/Data: MB Trading Free EXN Forex, TD Ameritrade
Favorite Futures: Forex, Equity Options
 
scratchman's Avatar
 
Posts: 3 since Nov 2009
Thanks: 2 given, 0 received


Sorry, Hector, I don't know of a NinjaTrader version, and I couldn't find one, which surprises me. Perhaps someone on this forum will be inspired to create one.

Reply With Quote

Reply



futures io > > > > How does one measure PRESSURE up or down?

Thread Tools Search this Thread
Search this Thread:

Advanced Search



Upcoming Webinars and Events (4:30PM ET unless noted)

Jigsaw Trading: TBA

Elite only

FuturesTrader71: TBA

Elite only

NinjaTrader: TBA

Jan 18

RandBots: TBA

Jan 23

GFF Brokers & CME Group: Futures & Bitcoin

Elite only

Adam Grimes: TBA

Elite only

Ran Aroussi: TBA

Elite only
     

Similar Threads
Thread Thread Starter Forum Replies Last Post
Spread measure indicator marotom Beginners and Introductions 4 November 20th, 2016 05:21 AM
How I can measure the percentage? Hermo NinjaTrader 7 September 6th, 2012 06:12 AM
ES - Measure/Gauge Pullbacks krazyanyway Emini Index Futures Trading 5 June 14th, 2012 01:15 PM
Measure Move Tool on Ninja MSpears NinjaTrader 9 June 7th, 2012 03:15 PM
Inflation Actually Near 10% Using Older Measure Quick Summary News and Current Events 0 April 12th, 2011 08:10 PM


All times are GMT -4. The time now is 10:43 PM.

Copyright © 2017 by futures io, s.a., Av Ricardo J. Alfaro, Century Tower, Panama, +507 833-9432, info@futures.io
All information is for educational use only and is not investment advice.
There is a substantial risk of loss in trading commodity futures, stocks, options and foreign exchange products. Past performance is not indicative of future results.
no new posts
Page generated 2017-12-13 in 0.13 seconds with 37 queries on phoenix via your IP 54.226.113.250