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Search: Posts Made By: erniebilko
Forum: Commodities August 15th, 2014, 01:09 PM
Replies: 227
Views: 50,160
Posted By erniebilko
well that worked well. definitely done for the...

well that worked well. definitely done for the day now. upside target from b/o is 97.41 - 97.69
Forum: Commodities August 15th, 2014, 01:00 PM
Replies: 227
Views: 50,160
Posted By erniebilko
Tried another short @ 96.89 with stp @ 97.02. ...

Tried another short @ 96.89 with stp @ 97.02. balance since 11:00 and i have short bias.
Forum: Commodities August 15th, 2014, 10:14 AM
Replies: 227
Views: 50,160
Posted By erniebilko
Tried a short around 07:30 at 95.73 at upper end...

Tried a short around 07:30 at 95.73 at upper end of balance from 14:20 onwards yesterday with a tight stop at 95.81.

The b/o up from that balance gives a target of 96.16 - 96.43.

Not likely...
Forum: Traders Hideout August 10th, 2014, 08:54 PM
Replies: 34
Views: 22,375
Posted By erniebilko
I think you're asking if I calculate the Value...

I think you're asking if I calculate the Value Area using the standard MP algorithm? If so, then the answer is No. I think the details of any indicator are less important than understanding what...
Forum: Traders Hideout July 18th, 2014, 03:04 PM
Replies: 13
Views: 6,542
Posted By erniebilko
No. First, the vpoc and vwap are not the same...

No. First, the vpoc and vwap are not the same thing. vpoc is the mode, vwap is the mean. std dev bands are calculated around the mean. the bands themselves are not averages, they represent how...
Forum: Traders Hideout July 18th, 2014, 02:34 PM
Replies: 13
Views: 6,542
Posted By erniebilko
i actually did it in my head. multiplying 0.75 by...

i actually did it in my head. multiplying 0.75 by 4 gives 3 so you have to win 4/7 of the time to b/e
Forum: Traders Hideout July 18th, 2014, 01:19 PM
Replies: 13
Views: 6,542
Posted By erniebilko
you need to win 57% of time to b/e: (Win *...

you need to win 57% of time to b/e:

(Win * Prob of Win) - (loss * Prob Loss) = 0

substituting, you get:

(0.75 * 0.57) - (1 * 0.43) = 0
Forum: Traders Hideout July 12th, 2014, 08:08 PM
Replies: 34
Views: 22,375
Posted By erniebilko
I can't show charts but can illustrate my point...

I can't show charts but can illustrate my point with a simple, though contrived, example.

In the middle of the diagram below is a profile. Not only that, it is the archetypal, Platonic Form of...
Forum: Traders Hideout July 11th, 2014, 07:46 PM
Replies: 34
Views: 22,375
Posted By erniebilko
Sure there is. If you have a trend day, a...

Sure there is.

If you have a trend day, a double-distribution day and a normal day, do you use and interpret the reference prices from the profile in the same way? If not, then the subjectivity...
Forum: Traders Hideout July 10th, 2014, 10:42 PM
Replies: 34
Views: 22,375
Posted By erniebilko
This isn't really a vendor thread - it's more...

This isn't really a vendor thread - it's more about different ways of using profile concepts. Each have their use and each their deficiencies. e.g. a day profile makes sense because the trading day...
Forum: Traders Hideout July 10th, 2014, 10:20 PM
Replies: 34
Views: 22,375
Posted By erniebilko
This was pioneered by Paul Levine. It's called...

This was pioneered by Paul Levine. It's called MIDAS and starts a moving average at important swing points, so it's an anchored MA.
Forum: Traders Hideout July 10th, 2014, 10:14 PM
Replies: 34
Views: 22,375
Posted By erniebilko
I've always thought of VWAP as being peculiar to...

I've always thought of VWAP as being peculiar to a day session as brokers use the term in that way and algorithmically it's an anchored MA (like MIDAS) rather than a fixed-period MA so a rolling VWAP...
Forum: Traders Hideout July 10th, 2014, 09:59 PM
Replies: 34
Views: 22,375
Posted By erniebilko
Good post, Josh. I agree with all you said. ...

Good post, Josh. I agree with all you said.



This sounds like we have taken a similar journey. We both have taken time to understand the underlying principles of MP rather than the...
Forum: Traders Hideout July 10th, 2014, 07:52 PM
Replies: 34
Views: 22,375
Posted By erniebilko
How about letting the market tell you where to...

How about letting the market tell you where to begin a profile? A profile (and its Value Area) is only a useful tool (at least I believe so) when it defines a balance, so start it when the market...
Forum: Traders Hideout July 10th, 2014, 07:00 PM
Replies: 34
Views: 22,375
Posted By erniebilko
I started work on it in earnest about 3 years...

I started work on it in earnest about 3 years ago. i've been a student of MP for last 7 years - it was the only methodology i had learned that made any kind of sense. I don't believe in fibs,...
Forum: Traders Hideout July 10th, 2014, 04:49 PM
Replies: 34
Views: 22,375
Posted By erniebilko
yes, that is what i do, so i am always interested...

yes, that is what i do, so i am always interested if others do too, and if so, how it differs from my implementation.
Forum: Traders Hideout July 6th, 2014, 02:58 PM
Replies: 34
Views: 22,375
Posted By erniebilko
No. i suppose, if anything, i'm a competitor. I...

No. i suppose, if anything, i'm a competitor. I responded cos I am always on the lookout for mentions of dynamic MP. I have no relationship to the OP either to preempt the next question.
Forum: Traders Hideout July 6th, 2014, 02:42 PM
Replies: 34
Views: 22,375
Posted By erniebilko
it's not the same as value charts. if you google...

it's not the same as value charts. if you google dynamic market profile you will see a youtube presentation Dynamic Market Profile - MTA Webcast - YouTube...
Forum: Platforms and Indicators November 12th, 2013, 06:35 PM
Replies: 3
Views: 2,182
Posted By erniebilko
Hi Mike, I don't currently use it, but i...

Hi Mike,

I don't currently use it, but i have previously used it for over 12 months. I would recommend it for its speed and flexibility. It uses perl as the programming language, which i liked. ...
Forum: Brokers February 20th, 2013, 11:02 AM
Replies: 7
Views: 4,521
Posted By erniebilko
You don't need TWS open if you use IB Gateway. ...

You don't need TWS open if you use IB Gateway. Which charting platform do you use? You don't need to store the data - you can use DTN Market Access for backfill.
Forum: Brokers February 20th, 2013, 10:46 AM
Replies: 7
Views: 4,521
Posted By erniebilko
As you specified low cost, I would say the IB...

As you specified low cost, I would say the IB gateway might fit the bill. You will need an active IB account, but the feed only costs $10 a month if you don't trade through IB during the month. ...
Forum: Brokers February 20th, 2013, 10:05 AM
Replies: 1
Views: 1,869
Posted By erniebilko
With an IRA, you are not allowed to borrow money,...

With an IRA, you are not allowed to borrow money, so you cannot trade currenciers, for example as this requires margin. You can trade futures if you have the equity for initial and maintenance...
Forum: Traders Hideout December 24th, 2012, 05:38 PM
Replies: 18
Views: 10,791
Posted By erniebilko
You mean like this? 98014 98013 ...

You mean like this?

98014


98013

These ranges (balance areas) were determined by my program. The red blocks above and green blocks below the ranges are the target zones for a breakout. At...
Showing results 1 to 23 of 23

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