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Hi everyone, I've done some quick searching around here and the web for minutely historical data for the S&P 500 from the 1990s.
I'm particularly interested to see what the price action looked like in the 1990s during periods where volatility really dried up. Basically trying to determine how viable a Brooks style PA trading method during long drawn out periods of TTRs and TRs.
I see a bunch of sites offering data from 1998 up (paid). Anybody know where I might find (both paid or free) historical minute data of a general market index for the decade of the 90s?
Cheers Mike, thanks for that. I actually have all the tick data I need for recent analysis (of the last few years) thanks to the Elite section of this site in particular.
If you wouldn't mind staying on that topic a bit - one more question. What's your opinion on the viability of Brooks style Price Action (say on ES, CL) over the next 10 years?
I have worries that we will hit a slow period of the market - low volatility, mostly TR days, lots of TTRs, and in general much 'harder' edge to come by than what can be commonly found now.
What are you thoughts on price action style edge existing over the long term? As your career is wrapped up in this in a long term prospect, I'm sure you've thought about how you would mitigate this if it happened?
I am only vaguely familiar with his method. I think that if he is a good trader, it is likely not because of the method covered in his books. This is true of all methodologies, in my opinion, when you consider a methodology that covers when to enter or exit, ie "setups".
Instead, the positive expectancy over time would come from other factors such as risk management, trade size, a firm grasp of the overall context of the market, and his psychological responses to certain situations -- all of which would ultimately lead to asymmetric returns.
Thanks Mike, I thoroughly agree with your approach in how you'd think about expectancy.
I guess one last quip in here - how do you, with your own trading style, deal with slow and tight markets? Do you stay out of the market, or do you pull to a higher time frame, or some other method?
@Forthinords - I too am looking for historical 1 minute data (mainly stocks). I have subscribed to IQFeed and they go back to 2007 or so. Curious, if you did end up picking Pi Trading - Historical Intraday Market Data or not ? Or if you found something else that you have verified to be clean, would love to hear the name. Thanks!