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Two Line Trading
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Created: by FredyMegaG Attachments:38

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Two Line Trading

  #141 (permalink)
Trade with the flow
Paris, France
 
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Andrew View Post
Cunparis,
Below is link on quite serious study of using COT reports, just in case you might be interested.
CXOAG Investing Notes - Using Commitments of Traders Reports to Time Asset Allocations

Krgds,
Andrew

This bothers me:


Quoting 
Note that the overall sample period (about 14 years) and especially the test period (five years) are not long for strategies with trading rules involving a 52-week moving average.

Google COTs timer. He has an automated system based on the COT. It's pretty simple, I've programmed it into tradestation and it does work but I don't trade it.

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  #142 (permalink)
Elite Member
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Hey guys!

Cunparis!

Can we also think that UP bars with decreassing volume (ie, higher highs on price, Higher lows on price, BUT lower Vol) can mean that there is not much interest from traders to keep the market in that direction?

Cause you said that this isnt mandatory... But it kinda makes sense to me.

If the market is rising, but there are fewer and fewer people trading in that direction... It means lack of interest, right? Otherwise bulls would get in, price moves higher, call other bulls... so on so on... and volume would increase.


Im trying to do this analysis live, but daaaammn, not so easy now huh? lol

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  #143 (permalink)
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Thanks for a great thread, guys, which I just stumbled on today. Earlier someone remarked: "Also I like cumulative VWAP, especially when it plots daily figures on intraday charts but not yet found that for Ninja"

VwapMulti - which draws weird bands which can be turned off - can be made to start at any day and time which you like. One way of using this is to start at a key high/low/reversal point etc.

I don't think there is a rolling vwap in Ninja yet (i.e. past 8 hours, past 3 hours, past 72 hours etc.).

One friendly and cynical remark:

alot of discussion about indicators for something billed as indicator-free! But I am of the school that is interested in combining price with a few volume-based indicators because volume from a lower histogram alone can be a little hard to read although still helpful.

Personally I am now mainly using the dValueArea PriceVolume histogram along with a dynamic PVP. Because this is not a live-updating indicator the displays work better with tick or faster charts since it averages the volume across each bar after the close. (Greatly reduces processor usage, also does not require ongoing live connection/monitoring to work.)

I also find the BetterVolume2 helpful, especially the climaxes and low vols, and although often they are obvious without an indicator, often they are not, especially with tick charts where you can get very high volume relative to range which does not show up as exceptionally high volume on the basic lower panel histogram.

Again, though, great thread. Thanks.

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Register to download File Type: zip VWAPMulti_v095.zip (5.1 KB, 60 views)
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  #144 (permalink)
Trade with the flow
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FredyMegaG View Post
Can we also think that UP bars with decreassing volume (ie, higher highs on price, Higher lows on price, BUT lower Vol) can mean that there is not much interest from traders to keep the market in that direction?

Up bars with decreasing volume means there is not much interest from buyers or sellers. Either one can step in at any time which makes low volume bars particularly dangerous. You would think that it'd be bearish but if you look in the charts I post, the LV bars are yellow and you will find plenty of moves that started yellow and then demand came in and it continued higher.

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  #145 (permalink)
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Thx cunparis, im checking it live now!

cclsys!
Touché my friend lool In my defence, i'd like to say that "indicator free" means not relying on indicators for entry or exit signals..

I guess im still learning to read the market, and thus the need for certain indicators that follow volume and such to help me in my analysis.

The entry criteria is discretionary, and depends on each persons evaluation of the market Story =)

But i got what you mean lol
Nevertheless since the beggining of the thread, ive never took indicators as useless for interpretation of the market..

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  #146 (permalink)
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Welcome to the thread BTW!

Hope to see more from you

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  #147 (permalink)
Trade with the flow
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FredyMegaG View Post
Touché my friend lool In my defence, i'd like to say that "indicator free" means not relying on indicators for entry or exit signals..

Exactly. I have them on my chart but it's price action, usually a HH or LL that is my entry. Indicators just tell me what's going on and when not to trade.

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  #148 (permalink)
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heheh

speaking of indicators! (giving cclsys a free snowball to throw at me )

Ive just got jtRealStats_Rjay2.cs indicator. Is this useful for the Story analysis? I really dont get the histogram it plots, but the right "ruler" it has looks quite useful..

It moves a lot near S&R lines.. Do any of you know how to interpret this?

cclsys!

Can you post those indicators youve mentioned? (or the link?) id like to see if they help me


I have another chart to comment upon (today's!) i'll post it later. Good volume and Breakout reading going on heh

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  #149 (permalink)
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Hey Fredy,

If UP bar on tiny volume, after last DOWN bar, I'm of opinion that all pro already reversed during that last big volume down bar, so after that on tiny volume 1+1+1+1+1+etc+etc contracts they will push it until we retailers will start finally buy it
however sometimes retailers not buy it, because pro can not do all work for us it goes down again, or anyway they can wait because their entry level much lower than we think.
If not any SR or other important levels up there.

Krgds,
Andrew


FredyMegaG View Post
Hey guys!

Cunparis!

Can we also think that UP bars with decreassing volume (ie, higher highs on price, Higher lows on price, BUT lower Vol) can mean that there is not much interest from traders to keep the market in that direction?

Cause you said that this isnt mandatory... But it kinda makes sense to me.

If the market is rising, but there are fewer and fewer people trading in that direction... It means lack of interest, right? Otherwise bulls would get in, price moves higher, call other bulls... so on so on... and volume would increase.


Im trying to do this analysis live, but daaaammn, not so easy now huh? lol



Last edited by Andrew; January 12th, 2010 at 09:36 PM.
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  #150 (permalink)
Senior Member
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Posts: 217 since Dec 2009
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Thank you Cclsys for vwap,

it's nice thing if it calculated/works correctly + cumulative great at all.
if you did that "anchored" that would be more than great.
do you know about "anchored" MAs which plots just lines for certain period of bars like almost like zig-zag indicator?

PVP great thing, but in principle you can see it by yourself and thus will keep in mind together with it important SR levels as well.

Krgds,
Andrew


cclsys View Post
Thanks for a great thread, guys, which I just stumbled on today. Earlier someone remarked: "Also I like cumulative VWAP, especially when it plots daily figures on intraday charts but not yet found that for Ninja"

VwapMulti - which draws weird bands which can be turned off - can be made to start at any day and time which you like. One way of using this is to start at a key high/low/reversal point etc.

I don't think there is a rolling vwap in Ninja yet (i.e. past 8 hours, past 3 hours, past 72 hours etc.).

One friendly and cynical remark:

alot of discussion about indicators for something billed as indicator-free! But I am of the school that is interested in combining price with a few volume-based indicators because volume from a lower histogram alone can be a little hard to read although still helpful.

Personally I am now mainly using the dValueArea PriceVolume histogram along with a dynamic PVP. Because this is not a live-updating indicator the displays work better with tick or faster charts since it averages the volume across each bar after the close. (Greatly reduces processor usage, also does not require ongoing live connection/monitoring to work.)

I also find the BetterVolume2 helpful, especially the climaxes and low vols, and although often they are obvious without an indicator, often they are not, especially with tick charts where you can get very high volume relative to range which does not show up as exceptionally high volume on the basic lower panel histogram.

Again, though, great thread. Thanks.


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