Steidlmayer's Market Profile Evolves: Volume Strips - Traders Hideout | futures io social day trading
futures io futures trading


Steidlmayer's Market Profile Evolves: Volume Strips
Updated: Views / Replies:55,655 / 62
Created: by tigertrader Attachments:7

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 100,000 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
 7  
 
Thread Tools Search this Thread
 

Steidlmayer's Market Profile Evolves: Volume Strips

  #1 (permalink)
Philly, Pa
 
Trading Experience: Master
Platform: NinjaTrader
Favorite Futures: ES, ZB
 
tigertrader's Avatar
 
Posts: 5,949 since Jul 2010
Thanks: 6,314 given, 32,053 received

Steidlmayer's Market Profile Evolves: Volume Strips

In response to changing market conditions, Pete Steidlmayer has developed a new method to analyze the markets. Steidlmayer presents his recent research discussing the importance of understanding how price and volume databases as tools for market analysis have changed with the advent of electronic trading, and how these changes effect trading methodology. Pete himself, admits that the Market Profile legacy analysis of price and time has changed, and is not as effective as it was in the past.

Pete's new method is called Volume Strips, developed in response to changes in order flow, due to electronic trading, HFTs, algos, etc.

http://www.cmegroup.com/education/st...ips-video.html

"Volume Strips" is available, however, you have to be using CTS to use them. You have to go through Steven Hawkins, ( Pete's associate), to get set up.

Steven Hawkin's contact info:

hawk0101@hotmail.com

# 312.360.9466

CTS Futures contact info:

Tim Dare

c-773 653 1423
w- 312 447 5416

https://cts.sim.t4login.com/register/?salesman=Tim

tim@ctsfutures.com
www.ctsfutures.com

The volume strip application currently interfaces with T4(will be adding TT by the end of the year). Currently the annual lease is $350(will be going up in the future I believe) which can be paid via paypal or a credit card. There isn't much educational material (1 document covering key strokes of vol. strip and one document going over some of the theory), observation and self discovery will be your path to success. They don't offer any trials or an interface for sim trading.


Last edited by tigertrader; October 27th, 2011 at 04:55 PM.
Follow me on Twitter Visit my Facebook Reply With Quote
The following 17 users say Thank You to tigertrader for this post:
 
  #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)
Aurora, Il USA
 
Trading Experience: Advanced
Platform: TradeStation
Favorite Futures: futures
 
kbit's Avatar
 
Posts: 5,895 since Nov 2010
Thanks: 3,310 given, 3,352 received


Thanks TT, there is some discussion of that in this thread as well:
https://futures.io/elite-trading-journals/13856-scattered-thoughts.html

Reply With Quote
The following 4 users say Thank You to kbit for this post:
 
  #4 (permalink)
Honolulu, Hawaii
 
Trading Experience: Intermediate
Platform: NinjaTrader
Broker/Data: ATC/TT, AMP/Zen-Fire, AMP/CQG
Favorite Futures: TF
 
bluemele's Avatar
 
Posts: 2,547 since Jun 2010
Thanks: 3,806 given, 2,835 received

Great, now I will finally make my billions! wooohooo!!! Just need to sign up! haha...

Interesting how 'edges' change.

Visit my futures io Trade Journal Reply With Quote
 
  #5 (permalink)
Chicago, IL/USA
 
Trading Experience: Advanced
Platform: CTS T4/Sierra Chart
Favorite Futures: Futures
 
zer0's Avatar
 
Posts: 139 since Jun 2011
Thanks: 49 given, 189 received

Some things can't change, namely market character-based methodologies. That is, there are some things so fundamental to what markets are that they are existential (they will always work). Sadly, very few understand this.

'Edges' are things you can fall off of


bluemele View Post
Great, now I will finally make my billions! wooohooo!!! Just need to sign up! haha...

Interesting how 'edges' change.



Last edited by zer0; October 27th, 2011 at 04:38 PM. Reason: correction
Reply With Quote
The following 3 users say Thank You to zer0 for this post:
 
  #6 (permalink)
Site Administrator
Manta, Ecuador
 
Trading Experience: Advanced
Platform: My own custom solution
Favorite Futures: E-mini ES S&P 500
 
Big Mike's Avatar
 
Posts: 47,603 since Jun 2009
Thanks: 30,337 given, 89,718 received

Can you post some screen shots of these in action?

Mike

Due to time constraints, please do not PM me if your question can be resolved or answered on the forum.

Need help?
1) Stop changing things. No new indicators, charts, or methods. Be consistent with what is in front of you first.
2) Start a journal and post to it daily with the trades you made to show your strengths and weaknesses.
3) Set goals for yourself to reach daily. Make them about how you trade, not how much money you make.
4) Accept responsibility for your actions. Stop looking elsewhere to explain away poor performance.
5) Where to start as a trader? Watch this webinar and read this thread for hundreds of questions and answers.
6)
Help using the forum? Watch this video to learn general tips on using the site.

If you want
to support our community, become an Elite Member (see why)

Follow me on Twitter Visit my Facebook Visit my futures io Trade Journal Reply With Quote
 
  #7 (permalink)
Miami FL USA
 
Trading Experience: Advanced
Platform: Ensign 10, NT7 DOM
Broker/Data: IB, IQ
Favorite Futures: Currency Futures
 
Cashish's Avatar
 
Posts: 803 since May 2011
Thanks: 811 given, 2,111 received

"Steidlmayer's Market Profile Evolves: Volume Strips"

I think J.P. Steidlmayer has evolved more than Market Profile. Being in the thick of things (Chicago Board of Trade member for over 40 years) and knowing what changes may be in the pipeline, in how the exchange(s) handle the data, might give a guy a little more lead-time to come up with Avant-garde techniques.

From what was allowed to "leak out" on Volume Strips since last summer to date, I don't see anything new. The best I can ascertain is, J.P. Steidlmayer may believe he has found a way to trade the jack rabbiting peak volume prices (PVP) or points of control (POC) of his Market Profile or the generic price/volume histogram consistently on an intra-day basis. If he has, he will indeed receive my respect, although I will refrain from dancing in the street until "the book" is published.

There are many questions floating around the web about Steidlmayer's Volume Strips and very few answers, I for one would like to see someone actually post a screen shot of one of these mysterious strips. I'm beginning to believe I may see a bigfoot walk across my back yard before I see an elusive Steidlmayer's Volume Strip posted on the web.

Visit my futures io Trade Journal Reply With Quote
The following user says Thank You to Cashish for this post:
 
  #8 (permalink)
Chicago, IL/USA
 
Trading Experience: Advanced
Platform: CTS T4/Sierra Chart
Favorite Futures: Futures
 
zer0's Avatar
 
Posts: 139 since Jun 2011
Thanks: 49 given, 189 received

VS

A screen of one mysterious Volume Strip.


Big Mike View Post
Can you post some screen shots of these in action?

Mike


Attached Thumbnails
Steidlmayer's Market Profile Evolves: Volume Strips-vs2.png  
Reply With Quote
The following 6 users say Thank You to zer0 for this post:
 
  #9 (permalink)
Miami FL USA
 
Trading Experience: Advanced
Platform: Ensign 10, NT7 DOM
Broker/Data: IB, IQ
Favorite Futures: Currency Futures
 
Cashish's Avatar
 
Posts: 803 since May 2011
Thanks: 811 given, 2,111 received

@zer0

Wouldn't you know it, all in the same day!!!

Attached Thumbnails
Steidlmayer's Market Profile Evolves: Volume Strips-bigfoot.jpg  
Visit my futures io Trade Journal Reply With Quote
The following user says Thank You to Cashish for this post:
 
  #10 (permalink)
Miami FL USA
 
Trading Experience: Advanced
Platform: Ensign 10, NT7 DOM
Broker/Data: IB, IQ
Favorite Futures: Currency Futures
 
Cashish's Avatar
 
Posts: 803 since May 2011
Thanks: 811 given, 2,111 received



zer0 View Post
A screen of one mysterious Volume Strip.

All fun aside, Thanks zer0 for posting the Volume Strip.

My minimal understanding of the Volume Strip is, it's a front-end application that allows a trader to trade predefined/user defined volume levels rather than price levels, with a simple click or two of a mouse. A crude example may be, submit an order to initiate a long position on an already know and charted PVP or POC (with volume of 5000 contracts) on a price histogram that was generated from the start of ET Session (note: price is "unimportant") and at the same time enter a sell order to close the long position at any price >(N) (note: price is "unimportant") when the volume exceeds 5000 contracts (next PVP/POC).

To do this, a trader must step outside the price chart and think of the market only as a volume on price histogram or something similar (not necessarily Market Profile) and devise methods of ascertaining movements of volume or maybe better put "areas" where new volume will enter the market and create a new high volume area, PVP/POC. I believe Steidlmayer's expression "the size/scope is huge" comes from his vision of converting legions of traders to think outside the price chart and get on board with his Volume Strip pasted on desktops around the world.

I think it's great!

Visit my futures io Trade Journal Reply With Quote
The following 11 users say Thank You to Cashish for this post:

Reply



futures io > > > Steidlmayer's Market Profile Evolves: Volume Strips

Thread Tools Search this Thread
Search this Thread:

Advanced Search



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

futures io is celebrating 10-years w/ over $18,000 in prizes!

Right now
 

$250 Amazon Gift Cards with our "Thanks Contest" challenge!

Right now
 

Show us your trading desks and win over $5,000 in prizes w/Jigsaw Trading

September
 

Trading Nadex Touch Bracket Contracts Sized Like Micro Futures w/Nadex

Sep 17
 

The Spirituality of Trading w/Dr Brett Steenbarger

Elite only
     

Similar Threads
Thread Thread Starter Forum Replies Last Post
Intraday market profile Zsolt NinjaTrader 17 May 21st, 2017 02:33 AM
My Experiments with Market Profile! vroomy Elite Trading Journals 44 June 4th, 2011 11:15 AM
market profile? jrs659 Traders Hideout 6 September 24th, 2010 08:45 PM
Market Profile info PandaWarrior NinjaTrader 3 April 15th, 2010 01:18 PM
Market profile without volume dimkdimk NinjaTrader Programming 4 February 8th, 2010 08:59 PM


All times are GMT -4. The time now is 08:23 AM. (this page content is cached, log in for real-time version)

Copyright © 2019 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