(with hopes of some improvement this is a continuation of some other comments I’ve posted on nexusfi.com (formerly BMT) – I’ve got here due to having ties in real life with other members of nexusfi.com (formerly BMT). Other reasons for being here is that I was dealing with smart too smart Customer Support adopting profiling and standards of “our customers is our enemies while our competition is our friends” which may be explained as some form of rigid fixation or inflexible sleeping underpaid S O Bs – and of course the efforts I have seen done at nexusfi.com (formerly BMT) to reach the apogee/culmination in the arts of trading. The discovery part exists and may lead to the notion if fair trading practice is a myth or reality.
Nevertheless, sometimes is more fun trading a few hands of Blackjack than eyeballing a screen with no opportunities thinking of what is daytrading anyway – oh and by the way here in Vegas we can really trade 24/7 without Customer Service BS and yet you can notice that dealers are slow and patients with beginners)
-to Michael.H
The only “bid/ask studies” im doing for now is estimating what is on the DOM and per my observations you cannot be that precise if data feed is slow and hectic. One time you have close to no-change on the DOM appearing as a sideways move and all of the sudden too much is coming in. How am I going to adjust/finetune the DOM? J
On my case, all the warnings received in the chart will end with a decision (stay or go in) based on DOM buildup. Sure in the near future I will spend some time to understand what has been done to better estimate incoming “bid/ask” in conjunction with price-change and volume that result in a better prediction. – As mentioned, I use Bollinger with EMA further correlating with MACD and the alarms from the super trend. - I am missing parts of WizardDen for NT7 (_ADX… I think) and hope eventually I’ll find what I need at nexusfi.com (formerly BMT). Today I experienced a bit with Sharky’s pkg which inspired me to a few good entries.
One of the impediment with zenfire and I hope will change with kinetick it is the timing. To me timing is like a metronome (a beat) and that reminds me when twenty years ago I bought one of the first copies of Cakewalk now Kinetic (some software for programming music and MIDI sequencing). Saying al these because I am expecting that Kinetick data feed should provide that beat ie if no ask/bid taking place than nothing=0; else +/- 1 per milli/micro second of ask/bid etc. And this beat should be coming so we can measure the time between “nothing” or +/- (and the buildup of timing between +/- 1 and next beat as another +/- 1 or 0.
For now my impression is that none of the data feeds tried have any beat at all. It is a hectic movement that doesn’t resemble timing of any kind. Of course “that nothing” it is noted as a dash on some fast charts but why do we have pending or uncalculated ask/bid numbers when we getting the dash? In the end everything should happen based on a time frame. And by combining the timing and bar formation should lead to better prediction (“prediction” will never be exact since bid/ask is man-made assuming no man-made robots are yet developed or deployed).
Regarding data-feeds (a) no doubt zenfire is fast but per my experience would not take you in when the market is hot and running hot-fast; (b) TT ok since I didn’t noted slippage but sure caused confusion with “misreported fills” while trading off cash hours, adding the trading hours limitation; (c) next live experience is DTN-IQ (stay tuned).
Perhaps there is some good having TT but so far from my location I get better latency with DTN-IQ – Thanks to DTN support for pointing out that “Globex Exchange Fee Waiver Program for CBOT, CME, COMEX and NYMEX” is what I need from my broker (another az-link in the chain). But what I am afraid of is IQ …