Is it possible to trade without using any indicators?

[cooter]

Interesting concept, weiwei.

Are these X's and dot's indicative of aggregrated VOLUME on each 1 minute bar - red for down volume (sells) and blue for up volume (buys) - or delta volume?

[BlowFish]

Weiwei,

Intresting chart.How are you determining 'buyer' or 'seller'? Is it something to do with volume@bid/ask?

[weiwei]

Cooter and BlowFish,

those are bid/ask from tape.

If the transaction is greater then 50 then plot dot. If more then one during this period of time, then keep adding until end of time.

On the X, I call them Junior. It is transaction with contract greater then 10 but less then 50. If bid, then it is negetive number, if ask then positive number.

X do not get plot right away, it is ploted at end of each bar, after all the addition or subtraction.

This will show the who is more active, buyer or seller, at end of each bar.

weiwei

[cooter]

Nicely done, Weiwei. Makes sense too, at those thresholds, at least for the YM.

Would you use the same parameters for larger contracts like the ES?

[weiwei]

these numbers are base on trail and error. Not base on stats.

And on ES, so far 700 and 100 are my cut off line. In other word, I am not intertest in any transaction less then 100 contracts. Rule of 20/80 for this idea.

weiwei

[BlowFish]

OK i think I understand so for junior you look at the delta filtered for trades between 10 & 50 if it's positive you plot a x below and negative a cross above? The bars with no cross presumeably had zero delta possibly due to no trades between 10 & 50 contracts.

The dot I guess does the same things for trades greater than 50.

Cheers.

[weiwei]

you got it, BlowFish. But dot do not go through calculation. It gets ploted right away.

weiwei