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My system_all


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My system_all

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  #1 (permalink)
asimsaim
Lahore Pakistan
 
 
Posts: 40 since Aug 2012
Thanks: 12 given, 6 received

hi,

Thanks for such a wonderful website. it surely helps for new comers and experienced ones equal.

I trade gold, silver, CL , and stocks. and my trade method includes from simple price action to any logic for entering a trade.

Some times a price action attracts volume from the followers, and some times volume dictates future course of price.

Every thing is chaotic in trading mother nature ...

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  #3 (permalink)
 mkw111 
Nashville TN
 
Experience: Beginner
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So do you use volume alot in your trades, what type of trader are you? scalper , swing, day

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  #4 (permalink)
asimsaim
Lahore Pakistan
 
 
Posts: 40 since Aug 2012
Thanks: 12 given, 6 received


mkw111 View Post
So do you use volume alot in your trades, what type of trader are you? scalper , swing, day

Earlier i used to think, volume is the key for successful trading. but later experiments revealed, its not so much useful as it is generally considered. .

I have an inclination for position / swing trading, (I think) any one turns to day trader in order to maximize the profit.. however it depends on the logic, which has been developed for the trade.

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  #5 (permalink)
asimsaim
Lahore Pakistan
 
 
Posts: 40 since Aug 2012
Thanks: 12 given, 6 received

Volume should be used with caution,, some experience made me think that creating volume (patterns) is not a problem for big boys to attract the buyers,

there are certain other parameters for assessing the quality of trade before we enter it....

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  #6 (permalink)
 Cloudy 
desert CA
 
Experience: Intermediate
Platform: NT7, SC, ToS
Broker: AMP, DT, TDA
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That seems to fit in the discussed thought that HFT firms are good at creating a bunch of "pseudo-volume" , iceberg orders etc. which vastly increases the rate and volume of limit orders at a specific period of time but hardly reflective of normal volume of interested participants but rather the few HFT participants active at the moment.

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  #7 (permalink)
asimsaim
Lahore Pakistan
 
 
Posts: 40 since Aug 2012
Thanks: 12 given, 6 received

I use certain indicators for my decision (matrix.) like price action, RSI, stochastic, trends , volume, ADX etc.

I also use AI structures in my decisions .

now a days I am trying to every thing combined in one yes / no. system...

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  #8 (permalink)
asimsaim
Lahore Pakistan
 
 
Posts: 40 since Aug 2012
Thanks: 12 given, 6 received

My wish list :

Certain high frequency components may leave their foot prints. (Recent Silver Chart..) now I am trying to figure out and build my own pattern data dictionary.

(but due to limited time at hand after the job,, its becoming impossible task for me.... )



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  #9 (permalink)
Cosmos
NCR, India
 
 
Posts: 4 since Jan 2013
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asimsaim View Post
Earlier i used to think, volume is the key for successful trading. but later experiments revealed, its not so much useful as it is generally considered.


asimsaim
Volume should be used with caution

With excuse to my ignorance, the above two statements are little contradicting.
Sir, If volumes are not useful for trading then what is the need of using it, as is told to use it with caution.

kindly through some light.. pls

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  #10 (permalink)
asimsaim
Lahore Pakistan
 
 
Posts: 40 since Aug 2012
Thanks: 12 given, 6 received



Cosmos View Post
With excuse to my ignorance, the above two statements are little contradicting.
Sir, If volumes are not useful for trading then what is the need of using it, as is told to use it with caution.

kindly through some light.. pls

for example, on the breach of a key support level, with a surge of volume, then price is going to drop further.

where as in consolidation (bullish continuation pattern) you will notice very little volume.

I wanted to say, it should be used in the context of price action .

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  #11 (permalink)
asimsaim
Lahore Pakistan
 
 
Posts: 40 since Aug 2012
Thanks: 12 given, 6 received

on a further note, in automating the stock analysis, I have found price at leading edge , in forecasting ,

whereas volume is always supportive role. (but this does not reduce the importance of volume).

in fact, it is independently drawn feature.

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  #12 (permalink)
Cosmos
NCR, India
 
 
Posts: 4 since Jan 2013
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Thank you for elaborating it sir.

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  #13 (permalink)
asimsaim
Lahore Pakistan
 
 
Posts: 40 since Aug 2012
Thanks: 12 given, 6 received

to keep changing the time frames for decisions, is a killer for your account. I think it should be selected strongly based on targets prices.
The futures commodities (like metals and CL) are specially hard to determine (almost close to impossible), when the big move will occur. (when big players enter the game) ... so lessons learnt for me to keep things simple like stocks and enjoying cyclical moves..

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  #14 (permalink)
asimsaim
Lahore Pakistan
 
 
Posts: 40 since Aug 2012
Thanks: 12 given, 6 received

A chaotic system must be sensitive to initial conditions;
The requirement for sensitive dependence on initial conditions implies that there is a set of initial conditions of positive measure which do not converge to a cycle of any length.

I take it as evolution in a certain time frame, A band gap on time axis, in which to refer to as initial condition and Butterfly effect will be true.

that later these initial conditions lead to catastrophe. or in simple laymen language low volatility gives rise to high volatility

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  #15 (permalink)
asimsaim
Lahore Pakistan
 
 
Posts: 40 since Aug 2012
Thanks: 12 given, 6 received

Consider a scenario,

I am caught in a channel ( triggered early ), with high leverage , the price is exactly in the middle of range, and time when normally high volume occurs, the channel has started to expand on time scale.

what indicators may b useful to watch. ?

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