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Trade Point Technologies
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Created: by RJay Attachments:34

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Trade Point Technologies

  #41 (permalink)
Trade with the flow
Paris, France
 
Futures Experience: Advanced
Platform: Market Delta & Ninjatrader
Favorite Futures: ES
 
cunparis's Avatar
 
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RJay View Post
"To demonstrate one of those flaws, please consider the situation where a very large buyer places a limit order at the current asked price - the order is larger than the asked size so he is partially filled at the asked and as the order took all the asked size the asked moves up and so does the bid. Now the remainder of this large buyer's order is on the bid and trade that fills this large buyer, on his bid, is recorded as selling volume. "

I use bid/ask extensively in my trading, which is why I still use Tradestation (only reason really).

His case makes a lot of sense, but I would have to ask if that is a common occurrence. I have found that if I look at the raw bid/ask data that it is extremely jumpy from one extreme to another. However if I smooth that data out then it reflects the true order flow. Very often I see a tip off to a reversal with this data.

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  #42 (permalink)
 Vendor: www.innovative-trading-solutions-online.com 
Hartford, CT. USA
 
Futures Experience: Intermediate
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I want to thanks all the naysayers for their opinions!!!

But, this is a thread to pursue indicators used by Trade Point Technologies.

Please take off topic personal opinion/ nonrelated posts to other threads!!!!

Thanks!!!!



Back to topic!!!

UrmaBlume states the following,



It is not total volume that drives price but rather it is an imbalance in order flow that drives price.

Markets up on big volume is not as bullish as up on small volume. When there are no sellers it is easy for price to move up and move up on small volume.



Trade is inherently very imbalanced, and that imbalance is what drives price.


Imbalance in Volume drives price, not total volume !!!!



My first step is to make indicators that accurately track contract levels movements in real time.


RJay

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  #43 (permalink)
Elite Member
Denver, Colorado
 
Futures Experience: Intermediate
Platform: Ninja Trader
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Posts: 178 since Nov 2009
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Hey Cunparis. This is the first time I have seen this thread/forum. I see most of this discussion on TL and ET. I want to offer a suggestion to filter these set ups. Use tick divergence and S/R. I wish I knew how to code, but I don't.

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  #44 (permalink)
Trade with the flow
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dandxg View Post
Hey Cunparis. This is the first time I have seen this thread/forum. I see most of this discussion on TL and ET. I want to offer a suggestion to filter these set ups. Use tick divergence and S/R. I wish I knew how to code, but I don't.

Hi & welcome to futures.io (formerly BMT).

I use tick divergence in my ES trading and also S/R. In the past I've tried coding divergences but could never get it coded to my satisfaction. To me it's a visual pattern that has to be taken into context. Same for S/R.

I agree that these make a fine addition to trading, but I think the first step is to see if we can figure out how to use trade intensity to our advantage. After that we can see if it needs anything else. As I understand it, this trade intensity is for a very quick scalp so I'm not sure anything else is needed.

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  #45 (permalink)
Just starting out...
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UrmaBlume

UrmaBlume The indicator I posted does not use price in any way and defines trade by the "very secretive traders" whose trade alone is enough to motivate/propel price and the non-retail traders I know find that very useful indeed. I couldn't see how that is true no one can access that information. The large commercials use what is called a "Dark pool". Dark pools of liquidity - Wikipedia, the free encyclopedia It is totally hidden then just appears then disappears no one can track it or trace it if they could there would be chaos. This person must be using something like COT data or something freely available.

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  #46 (permalink)
Trade with the flow
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gregor32 View Post
This person must be using something like COT data or something freely available.

???

COT data is weekly. He has posted 1000 share ES charts.

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  #47 (permalink)
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gregor32 View Post
UrmaBlume The indicator I posted does not use price in any way and defines trade by the "very secretive traders" whose trade alone is enough to motivate/propel price and the non-retail traders I know find that very useful indeed. I couldn't see how that is true no one can access that information. The large commercials use what is called a "Dark pool". Dark pools of liquidity - Wikipedia, the free encyclopedia It is totally hidden then just appears then disappears no one can track it or trace it if they could there would be chaos. This person must be using something like COT data or something freely available.

No think about it. COT data on Friday is from Tuesday, that is quite a bit of delay. COT is worthless for day trading quite good position trading. COT has been showing, last time I checked the Large Specs adding to shorts. It's a function of time/velocity. If it were not indicators like volume stop, very good BTW, and time histogram wouldn't work. I just wish I could get them working on Sierra, because NT 6.5 even with a quad core is a beast on resources. Oh well NT7 is coming in about 3 months.

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  #48 (permalink)
Elite Member
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I am using 2 "trade intensity" indicators to confirm one another. Time Histogram and Volume Stop for currency futures working quite nicely, a real scalper's ball. This is a great forum thanks Mike and those that contributed these indicators.

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  #49 (permalink)
Trade with the flow
Paris, France
 
Futures Experience: Advanced
Platform: Market Delta & Ninjatrader
Favorite Futures: ES
 
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Posts: 2,563 since Jun 2009
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dandxg View Post
I am using 2 "trade intensity" indicators to confirm one another. Time Histogram and Volume Stop for currency futures working quite nicely, a real scalper's ball. This is a great forum thanks Mike and those that contributed these indicators.

I use volume stop too but I haven't found an edge with the time histogram. Could you post a chart showing how you use it?

Thanks for sharing.

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  #50 (permalink)
Just starting out...
NC
 
Futures Experience: None
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Posts: 3 since Jul 2009
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Out of curiousity has anyone tested the attached indicators posted over the TL thread? Figured I would test TicksPerSecond tomorrow on a 1-range. I use Volume at Price studies as the fundamental setups for entries, but am lacking a confirming indicator--great work so far!

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