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Two Line Trading
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Created: by FredyMegaG Attachments:38

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Two Line Trading

  #131 (permalink)
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Fredy,

Great chart looking on it I think, seems, we got our thinking/understanding of the subject synchronized


Krgds,
Andrew


FredyMegaG View Post
here's another to keep you thinking!


Attached Images
 

Last edited by Andrew; January 12th, 2010 at 08:40 AM.
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  #132 (permalink)
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Andrew View Post
Cunparis,

May be I'm wrong, but is it not what I suggested = COT, but on daily/realtime basis ?

Krgds,
Andrew

It might be a useful proxy but I have my doubts. It assumes that when someone buys aggressively (@ask) that it is because they are adding inventory and that when they sell aggressively (@bid) that they are reducing inventory or increasing 'short inventory'. Personally I think that's a bit naive. I am not saying that cumulative delta isn't a useful indicator just that it might not be a good proxy for open interest/inventory.

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  #133 (permalink)
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Nick,

100% agree with you, that's why I a bit careful about delta stuff, and that's why the same way careful about just counting bid/asks, but there is somewhere answer, it's just need to be found. That's is thing I'm thinking about.
However I've noted, I'm checking that now, but daily 0 delta level sometimes quite important.

So, any comments/suggestions about above are more than welcome.

Krgds,
Andrew


NickA View Post
It might be a useful proxy but I have my doubts. It assumes that when someone buys aggressively (@ask) that it is because they are adding inventory and that when they sell aggressively (@bid) that they are reducing inventory or increasing 'short inventory'. Personally I think that's a bit naive. I am not saying that cumulative delta isn't a useful indicator just that it might not be a good proxy for open interest/inventory.


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  #134 (permalink)
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FredyMegaG View Post
Here's another one!

Trying to link Volume analysis, with breakout patterns.
And most important of all, im getting to read the story that the market is telling (i think...)

Hope it helps! and hope it makes sense.. please comment!

Cunparis, you seem to have more gained knowledge about VSA, what do you reckon?

I like your analysis. I have a few comments:

- I don't use trendlines. It's like fibs. A self-fulfilling prophecy. I only pay attention to them to have an idea of what other people will do (and potentially fade them). I think horizontal S&R is much better. It's based on specific prices.

- I suggest rephrasing what you wrote in terms of supply & demand. The market "must" do nothing and we must not force our will upon it. Instead of saying

"the market must go down"

say "supply overwhelmed demand so the market will seek out more demand"

it's subtle but really crucial to understanding price action.

other than that, you got a good read on the market there. now see if you can do it realtime!

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  #135 (permalink)
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FredyMegaG View Post
here's another to keep you thinking!

I knew on the first high volume down bar that there was a good chance of a reversal. Whenever you have high volume it means a lot of traders were taking the other side. Now if price is going down, who would have the balls to be buying?

Also we do NOT need increasing volume for price to go up. That's a myth. We only need more demand than supply. that's it. a few 1 lot traders can make price go up if no one wants to sell.

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  #136 (permalink)
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just perfect !
Cunparis - you are reading my thoughts

Krgds,
Andrew


cunparis View Post
I knew on the first high volume down bar that there was a good chance of a reversal. Whenever you have high volume it means a lot of traders were taking the other side. Now if price is going down, who would have the balls to be buying?

Also we do NOT need increasing volume for price to go up. That's a myth. We only need more demand than supply. that's it. a few 1 lot traders can make price go up if no one wants to sell.


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  #137 (permalink)
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Agree 100 % about trend lines and fibs as well as real SR much better help understand what is going on or will happen on market

Krgds,
Andrew


cunparis View Post
I like your analysis. I have a few comments:

- I don't use trendlines. It's like fibs. A self-fulfilling prophecy. I only pay attention to them to have an idea of what other people will do (and potentially fade them). I think horizontal S&R is much better. It's based on specific prices.

- I suggest rephrasing what you wrote in terms of supply & demand. The market "must" do nothing and we must not force our will upon it. Instead of saying

"the market must go down"

say "supply overwhelmed demand so the market will seek out more demand"

it's subtle but really crucial to understanding price action.

other than that, you got a good read on the market there. now see if you can do it realtime!


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  #138 (permalink)
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Cunparis,

but have you agree with me that especially last 2 charts of Fredy are move in right direction ?

Krgds,
Andrew

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  #139 (permalink)
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Andrew View Post
Cunparis,

but have you agree with me that especially last 2 charts of Fredy are move in right direction ?

Krgds,
Andrew

Yes I said I like his analysis. doing it real time is not as easy.

this is the kind of analysis I try to do on on every bar. it's not easy, really exercises the brain.

doing this will train one to really read price & volume and trade with the professionals.

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  #140 (permalink)
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yeap, but this is our target - do that and do that correctly in realtime

so, seems, we made, the group ?
if so, I very glad and sure our work/studies will go faster and better

Krgds,
Andrew


cunparis View Post
Yes I said I like his analysis. doing it real time is not as easy.

this is the kind of analysis I try to do on on every bar. it's not easy, really exercises the brain.

doing this will train one to really read price & volume and trade with the professionals.


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