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Trade Point Technologies
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Trade Point Technologies

  #71 (permalink)
Just starting out...
WA
 
Futures Experience: Intermediate
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Posts: 2 since Jun 2009
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cunparis View Post
If he has 45k how do you know it's shares?

I think the charts show the indicator name having CPM in it. I'm fairly sure that's Contracts Per Minute. I think that is mentioned in a post on TL as well.



Quoting 
He listed 3 criteria:

- increase in intensity
- buying or selling
- ?

I forget the third. For the 2nd, the only way I know how to do that is by using upTicks & downTicks in Tradestation.

If you mean historically, that might be correct. However, UB himself mentions two popular ways of doing it:

1) trade at bid, trade at ask
2) up/down/same (upticks & downticks)

and then states that he uses neither of those. There are many other possibilities of varying level of sophistication. UB doesn't say what he uses (I would really like to know). If there is any significant value in UB's indicators, I think primarily it comes from this one thing: the accurate assessment of bid/ask pressure. If you can do that, all the rest is just doing that calculation in various ways.



Quoting 
Let's say price is moving up to 1000 and I got a limit order to buy a million contracts at 1000. The ticks at 1000 are going to be on upticks (I'm letting the market come up to me), which would make us think it was buying volume. And it was, buyers pushed the price up.

Unfortunately NT 6.5 doesn't have this. It's something I can't trade without, which is why I use both NT & Tradestation.

That's interesting. If you want up/down ticks, right... I can see what you mean--though you could do it on a 1 tick chart (wouldn't be so bad if it would let me squish it up more).

However, if you want to do trade at bid/ask, then you need an unfiltered feed like zen-fire. Tradestation snapshots bid/ask so it would not be accurate to try to calculate trade at bid/ask in it. Of course, unfortunately, you can only do trade at bid/ask in realtime and not historical except possibly on certain platforms (at least I think I've heard it done somewhere).

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  #72 (permalink)
Elite Member
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analyzing orders pulled might be a tough one, as there are systems out there placing orders automatically in the book on various levels with the purpose to beat the queue (remember, orders are being matched FIFO).

so, basically, in case something/someone decides to actually trade a specific price, then there will already be an order sitting there at that level with a high probability of being executed.

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  #73 (permalink)
Just starting out...
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toulouse-lautrec View Post
analyzing orders pulled might be a tough one, as there are systems out there placing orders automatically in the book on various levels with the purpose to beat the queue (remember, orders are being matched FIFO).

so, basically, in case something/someone decides to actually trade a specific price, then there will already be an order sitting there at that level with a high probability of being executed.


If they want it executed. If they're flooding the book like that, it's more likely it will get pulled.

As for analyzing pulled orders, here's what I did: whenever there is an order
if at ask:
pendingAskOrder += size
if at bid:
pendingBidOrder += size

Then when the bid or ask changes,
pendingAskOrder -= change in ask
if pendingAskOrder > 0 do nothing
else add to pulled at ask orders (and reset pendingAskOrder to 0)

So.... keep track of order amounts and don't count those toward the contracts pulled amount.

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  #74 (permalink)
Elite Member
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Hi, I read this great post.
I am trying to plot wat you describe on multicharts, but i need indicator described in the topic:
Time Histogram "time histogram" tools and
Volume Stop for currency futures
deanzs level 2 indicator L2/DOM imbalance
buy/sell volume imbalances,

Could someone post in the topic please?

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  #75 (permalink)
Elite Member
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hi guys, went back to this thread. did anyone of you pursue TI. Were you able to simulate or understand more on trade intensity and determine if buy/sell before volume showed up?

cheers

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  #76 (permalink)
Trade with the flow
Paris, France
 
Futures Experience: Advanced
Platform: Market Delta & Ninjatrader
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paps View Post
hi guys, went back to this thread. did anyone of you pursue TI. Were you able to simulate or understand more on trade intensity and determine if buy/sell before volume showed up?

cheers

Trade Intensity is an integral part of my trading. I'm not using TI, instead I wrote my own indicator and use it.

For me it's used as a timing method and a way to reduce/limit risk. I still use market profile concepts and try to get "the big picture" and then use intensity to trade with it.

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  #77 (permalink)
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cunparis View Post
Trade Intensity is an integral part of my trading. I'm not using TI, instead I wrote my own indicator and use it.

For me it's used as a timing method and a way to reduce/limit risk. I still use market profile concepts and try to get "the big picture" and then use intensity to trade with it.

I assume you mean the Pace of the Tape?

Glad to see you here. Have not seen an update on your site lately.

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  #78 (permalink)
Elite Member
SF Bay Area + CA/US
 
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Posts: 1,490 since Oct 2011
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cunparis View Post
Trade Intensity is an integral part of my trading. I'm not using TI, instead I wrote my own indicator and use it.

For me it's used as a timing method and a way to reduce/limit risk. I still use market profile concepts and try to get "the big picture" and then use intensity to trade with it.

Hi there..... could you get into a little concepts...i have seen your charts on the net probably using NT. I gather you were able to mimic the results. Were you however able to determine if it was a buy or sell....and at what point were you able to determine the spike

cheers

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  #79 (permalink)
Trade with the flow
Paris, France
 
Futures Experience: Advanced
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DavidHP View Post
I assume you mean the Pace of the Tape?

Glad to see you here. Have not seen an update on your site lately.

the Pace of Tape was just the beginning, that leds to many different experiments all focusing on volume. What I have now is quite different from pace of tape.

I've been very busy with my consulting business (which provides a lot more stable income than trading!). I can only trade the last couple hours and I only trade when the market is moving and when I have a good big picture context so it's rare. I haven't had a good setup in almost 2 weeks, I tried a risky one today and stopped out. Need to be patient. The results are good but I need more experience before I will be comfortable increasing size. I should update my blog.

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  #80 (permalink)
Trade with the flow
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Futures Experience: Advanced
Platform: Market Delta & Ninjatrader
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paps View Post
Hi there..... could you get into a little concepts...i have seen your charts on the net probably using NT. I gather you were able to mimic the results. Were you however able to determine if it was a buy or sell....and at what point were you able to determine the spike

cheers

I tried to duplicate what they had and I felt I was close but.. I got to know the guy and he gave me some hints but he said what I was doing was going in a different direction. I actually liked what I was doing so I decided to pursue it and stop chasing his ideas to focus on my own.

For buy or sell, it's easy to post cherry-picked examples showing an indicator catching the top or bottom of the day. I don't try to do that at all. I look for the market to move and I just look for a low-risk point to hop on and take a small piece. So it's a very different way than what Trade Point was doing.

BTW their website isn't working. Anyone know what they're up to?

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