Trade Point Technologies

October 24th, 2009, 03:12 PM

Thanks to DavidHP for the link to this site.

I am completely impressed with some of the stuff here.

Trade Point Technologies harmonic charts

Trade Point Technologies intensity charts

Now that I know its possible, I can't resist a challenge.

RJay

October 25th, 2009, 12:34 AM

RJay

Thanks to DavidHP for the link to this site.

I am completely impressed with some of the stuff here.

Trade Point Technologies harmonic charts

Trade Point Technologies intensity charts

Now that I know its possible, I can't resist a challenge.

RJay

I'm learning a lot reading the thread he posted on trader's laboratory.

I love this quote:

Quoting

Most all retail trade uses indicators that have price as their only input - adaptive moving averages, exponential moving averages, RSI, Stochastic, Bollinger Bands, CCI etc. Regardless of time frame or combination of time frames these indicators have no chance of ever defining trade or leading it as they are based on price which responds to trade flow.

Price is motivated by trade not price itself.

October 25th, 2009, 01:35 AM

I read the thread too with interest. I can't help but wonder whether UB is cherrypicking trades in the screenshots. However, I must admit that the idea sounds like a good one. I look forward to seeing how this develops. Best of luck RJay.

Chris

October 25th, 2009, 01:42 AM

Took me forever to find the date & time of one of his examples. He said his times are PST, they're not.

I attach his chart and mine. I traded with 233 tick chart for a long time so that's my usual setting for timing entries. I also tried smaller tick settings and it went unnoticed. Which makes sense cause if you break down a volume spike bar into smaller bars there is a more gradual increase in volume and not a spike.

I think this guy has something interesting.

October 25th, 2009, 01:51 AM

Another gem:

Quoting

2) Those who either want to disquise their trade or create liquidity do so by placing, according to a certain algorithm, orders on both sides of the market. In the old days they used to say "sell a little to buy a lot." Sometimes a quick burst of selling will trigger other selling and maybe even some stops which adds tremendously to buy liquidity.

I've noticed this myself in my trading. Often I have identified a setup and I'm waiting for my trigger which is usually a HH or LL (1 bar). Often price will move very fast and then slow down and then trigger. Taking into account his quote, it seems someone is wanting to buy so they sell and then buy it back and then some, thus triggering my trade.

October 25th, 2009, 01:59 AM

In one sentence he said this:

Quoting

The markets turn for only one reason - a change in the balance/imbalance in the order flow.

While earlier today I wrote this:

How to use volume in your trading

I have a few comments here:

1 - the CME order reporting changes help to mask large orders by breaking them up into smaller ones. This helps large traders hide their size.

2 - A hundred 100 lot orders should mean about the same thing as ten 1,000 lot …

Quoting

3 - Price moves along and then it will turn. Why? Usually cause it a change in supply & demand. If price runs into supply, it'll turn down. If price meets demand, it'll rise. Think of an item on sale at a store. Its price will move up and down just like a futures contract. When there is no demand and a lot of supply a retailer will mark the price down. Demand comes in and supply dries up so price goes up.

I like this guy.

October 25th, 2009, 02:05 AM

cunparis

Took me forever to find the date & time of one of his examples. He said his times are PST, they're not.

I attach his chart and mine. I traded with 233 tick chart for a long time so that's my usual setting for timing entries. I also tried smaller tick settings and it went unnoticed. Which makes sense cause if you break down a volume spike bar into smaller bars there is a more gradual increase in volume and not a spike.

I think this guy has something interesting.

cunparis,

I also think he has something we need to check further.

I stumbled upon one of his charts a few months ago and then I asked about this indicator in a post a few weeks ago in futures.io (formerly BMT), but no one knew what I was talking about. So I kept looking until I found it again.

I'm glad someone else here is interested because I think it will benefit all of us to research the indicator.

p.s. What are you doing up this late/early... I thought I was the only nut on futures.io (formerly BMT) at this hour

October 25th, 2009, 02:56 AM

DavidHP

p.s. What are you doing up this late/early... I thought I was the only nut on futures.io (formerly BMT) at this hour

Our family has some kind of stomach virus. 3 out of 4 are sick. I think we're better now, that means no one has thrown up in the past 12 hours.

Still got the "Big D" though.

I've been up since 3:30 and one of my daughters woke up at 5am. Been a really tough weekend. But at least I have nothing other to do than the catch up on trading.

here's a little indicator I made to show the avg time between trades. Just this simple thing is quite revealing.

October 25th, 2009, 03:10 AM

Refining it a bit.

the rule is this:

red dot = trail a sell stop under low
blue dot = trail a buy stop above the high

doesn't work 100% but nothing does. Adding some basic price action could make this profitable.

October 25th, 2009, 03:37 AM

How is a time histogram indicator on the volume charts different from this concept of trade intensity? The time histogram indicator will help tell you how fast a range, tick, or volume bar paints. I thought it was really interesting to see what happens in under 20 seconds on a 100000 volume chart.

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