Playing with the VMAR`s open research

[fy260498]

HI...All of You Good People...
It is to my good fortune that I came across TL. I read all the messages and discussions under tis thread and am quiet impressed with all the work produced here. The quality of discussion is superb and worth stating RESEARCH and not only discussion. I use NT for my trading needs and am quiet OK with its performance. However, last night I uploaded VMARainbow indicator on my NT which was not an issue but during the peak session time when the volume started growing up aggressively, my NT got stucked with no data getting refreshed. Just posting the problem here if someone knows how can this issue be eliminated. Having said that, I am also checking on the indications produced by VWAP. I have a suggestion regarding this. As per last developed version, I believe by JOSH, this VWAP indicator has 1 definable Break Time and 10 Bands to choose from. I am using 14 VWAP's loaded with different Break Time starting from the time when London Market opens till US market closes. This is in an effort to understand how the Price moves above and below VWAP's during Pre-market, Actual market and Post-market sessions. Especially, I have seen that all the VWAP's tends to form a cluster either during the pre-market session or at the mid-session thereby giving an indication of high probable trade. I am still not confident as how to derive any conclusions out of this observation as I am still learning while trading and cannot risk too much on loosing trades. If this can trigger some further development in this area, it may be wonderful. Also as a part of further development, how about having different Break Times as an option to be defined while loading this indicator. At the moment we have only 1 Break Time Slot that can be defined as user input - This may avoid having too many VWAP loaded individually.
Thanks for all your time and expertise.
Best regards,
Yusuf SHAIKH

[walterw]

Originally Posted by fy260498 HI...All of You Good People... It is to my good fortune that I came across TL. I read all the messages and discussions under tis thread and am quiet impressed with all the work produced here. The quality of discussion is superb and worth stating RESEARCH and not only discussion. I use NT for my trading needs and am quiet OK with its performance. However, last night I uploaded VMARainbow indicator on my NT which was not an issue but during the peak session time when the volume started growing up aggressively, my NT got stucked with no data getting refreshed. Just posting the problem here if someone knows how can this issue be eliminated. Having said that, I am also checking on the indications produced by VWAP. I have a suggestion regarding this. As per last developed version, I believe by JOSH, this VWAP indicator has 1 definable Break Time and 10 Bands to choose from. I am using 14 VWAP's loaded with different Break Time starting from the time when London Market opens till US market closes. This is in an effort to understand how the Price moves above and below VWAP's during Pre-market, Actual market and Post-market sessions. Especially, I have seen that all the VWAP's tends to form a cluster either during the pre-market session or at the mid-session thereby giving an indication of high probable trade. I am still not confident as how to derive any conclusions out of this observation as I am still learning while trading and cannot risk too much on loosing trades. If this can trigger some further development in this area, it may be wonderful. Also as a part of further development, how about having different Break Times as an option to be defined while loading this indicator. At the moment we have only 1 Break Time Slot that can be defined as user input - This may avoid having too many VWAP loaded individually. Thanks for all your time and expertise. Best regards, Yusuf SHAIKH

Yusuf, feel free to post charts of what you are doing... cheers Walter.

[fy260498]

Hi Walter,
Good to see your reply. I will arrange all my charts and in the next 2 days I will surely post it in the forum. There is no principal trade rules related to these charts but I am sure you all experts may be able to point out on something. I will surely highlight what I am seeing and you all may refine it further. All I need is some time so that I can arrange everything and post it in the forum. Thanks...
Yusuf SHAIKH

[fy260498]

Hi Walter...
I monitor ES all the time with no other Instruments. Now what I did is I loaded the chart with VWAP for every hour starting from the session begin till session ends thereby creatings bands of VWAP showing how the price if moving around these bands. I will keep posting the chart with these bands highlighting the points that acted as potential pivots for short term or long term. I am not sure where it is leading towards as I am not an expert and I never traded on this concept. However, I came across VWAP tool in this forum and a video demonstrating how wonderfully it help up with the price. So many thanks to the person who posted this tool and the video as well giving me (novice trader) a chance to explore it further. If anything is developed or rather observed as a combination together with these VWAP bands, I will post it here for further elaboration.
Thanks & best regards,
Yusuf SHAIKH

[BlowFish]

Hi Yusuf,

Welcome to TL - If you have not found Jperls excellent series of threads on 'trading with market statistics' I think you would enjoy them. The VWAP is one of the key components. There is a sticky in the beginners section called 'best of traders laboratory' they are linked from there.

[fy260498]

HI Blowfish...(I am sorry, I did not know your real name)
Thanks a lot for the suggested reading as I cannot wait any further to explore these discussions. It is always great to be a part of good community and I am proud to be a part of one such community where people take step ahead of helping others. Thanks once again.
Regards,
Yusuf SHAIKH

[BlowFish]

Your welcome, and it's Nick. There are lots of great threads here on a good variety of topics. As you have expressed an interest in VWAP's I think you will find lots of intresting ideas in Jerrys threads.

[walterw]

Originally Posted by fy260498 Hi Walter... I monitor ES all the time with no other Instruments. Now what I did is I loaded the chart with VWAP for every hour starting from the session begin till session ends thereby creatings bands of VWAP showing how the price if moving around these bands. I will keep posting the chart with these bands highlighting the points that acted as potential pivots for short term or long term. I am not sure where it is leading towards as I am not an expert and I never traded on this concept. However, I came across VWAP tool in this forum and a video demonstrating how wonderfully it help up with the price. So many thanks to the person who posted this tool and the video as well giving me (novice trader) a chance to explore it further. If anything is developed or rather observed as a combination together with these VWAP bands, I will post it here for further elaboration. Thanks & best regards, Yusuf SHAIKH

Very nice chart Yusuf... would be nice to start a new thread on what you are doing and we can collaborate into some ideas as well... the rejection of vwaps its an excellent concept and can be very well used to scalp the futures markets... how about calling it "Yusuf vwap`s rejections" on the futures laboratory... you tell me, I will be ready to interact a lot on this aproach as I am interested to create a strategy arround this concepts... cheers Walter.

[fy260498]

Hi...
Good Mornng all of you...
Hi Nick - Many thanks for your refernces. I will surely go throgh these.
My friend Walter,
Many thanks for your reply and comments. I had been reading your posts and contributions on TL that is amazing, without doubt. I have come across few members at TL who seems to be highly dedicated and committed towards their trading activities. In front of all of you, expert professionals, I stand as a very tiny miniature version and hence each and every word from you is taken as compliment and more than that a lesson and encouragement for me as at the age of 36 years, I am still learning how to trade after having lost my fortune in stock market. So I pay great attention to be cautious rather than being aggressive. Thanks again for your words of encouragements and if it comes from a Market Wizard as YOU, I feel boosted.
Now, as I am monitoring and looking at these trading sessions, I am posting here the chart of ES trade session 19/08/2008 with highlighted areas of what I thought at these stages of sessions. Unfortunately, I was not able to open any position as I do not have any trading plan yet. I am still waiting for a high probility entry and a realistic stop.
Take a while to go through the chart. I decided to use 144 Tick chart, rather than 72 Tick chart as 72 Ticks make it more fast and produce a lot of noise.
My next target would be to physically go through previous trading sessions as much as possible and try to locate the places where such set-ups have failed. We may then try to isolate these failed set-ups so as to get the filtered outcomes and giving us a direction to think.
Thanks for all your time and interest.
My sincere thanks once again to all those professionals who started the concept of VWAP on TL and posted the indicator for NT.
Good day and best regards,
Yusuf SHAIKH

[walterw]

Yusuf, can you post your NT template, thanks Walter.