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Marsupilami

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Posts posted by Marsupilami

  1. Posted

    I would focus on studying price action first, not on reading the DOM.

     

    If you can put on a trade at the weekly high/low, at an important support or resistance level, the chances of a bigger move are much higher than if you take a trade in range bound choppy market where the DOM gives you one long and short setup after another, each reversing after a few ticks.

     

    I don't look at the DOM at all since I trade FX so I might undervalue it's importance. Just wanted to let you know that you can trade very well without looking at it.

  4. Posted · Edited by Marsupilami

    Using divergence between price and classical indicators can work very well so let's not bash the method, I'm sure there are lots of members who want to see more by Do or die.

     

    I feel that market delta is way overhyped. Before market delta, it was the TRIN, the Tick, the Premium... nothing wrong with new developements but you can make money with very simple stuff.

  5. Posted

    MP levels are good areas to do business at. Signals either derived from classical technical analysis, price action or tape reading etc. work better at MP levels than in the middle of nowhere.

     

    That being said, you still have to be able to make the right decision at the MP level. So MP is only one part of the tool box.

  9. Posted

    I don't think RA is a scam. I'm pretty sure I know what he does and this stuff can work incredibly well although it is more of an art than a science and it is definitely nothing new, it is extremely basic and it can certainly work if you are an experienced trader. If you try to apply his setup mechanically, however, you will get killed.

     

    There are guys who sell the same setup (maybe with a few nuances) for much more, although they provide "lifelong" training and trade this way day in and day out along with a group of other traders. It seems to work for them although I'm pretty sure they are not trading from a yacht or a tropical island.

     

    So if RA does what I think he does, the 995 $ is definitely a fair price, imho.

  10. Posted

    Hi Karinka,

     

    I'm following his blog as well and am glad that I stumbled upon one of his posts on TL by accident. He seems to extract money from the markets with such an ease that one could think for a moment that his blog is yet another marketing trick, a site put up to attract noobs to which a course or a software could be sold later on.

     

    However, I am absolutely convinced that this isn't the case and I hope that he will keep on blogging for some time. Unfortunately, I don't have Market Delta so I cannot replicate his charting setup.

     

    Still, I'd be very interested in an in depth discussion on how to use CDV in one's trading decisions. Fulcrumtrader has been very active on TL and his posts on Market Delta seem interesting, unfortunately when it comes to applying the info to trading , he remains rather vague, I feel.

  12. Posted

    Forgive me for being lazy. I haven't read this thread in months after discovering the OP's unprofessionalism and true colors.

     

    Have any of you addressed the fact that there is no way to determine whether these trades you're so closely examining are open or close positions and how much is related to hedging?

     

    Lastly, despite the fact this was presented as part of other Holy Grail indicators created by a consortium of genuises who operate in secrecy (how very Da Vinci codesque) no one has discussed whether he/she has become more profitable from this effort.

     

    Profit? Who cares about profit?

     

     

    Isn't the premise of Market Delta that new positions are often opened via market orders while closing of positions is often done by using stop/limit orders ?

     

    I wonder if this makes sense with regard to the behavior of the so called big/ smart money you always read about. I would assume that those participants would rather let the market come to them instead of chasing it by using "aggressive" market orders.

  13. Posted

    I am also curious if this wonderful data translates into consistent profits. My intuition tells me it doesn't.

     

    For what it's worth, I had important levels in the ES right at the turning points that were signaled by UB's indicator. I know too little about what he does to make a judgment...so let's see some more examples, preferably showing the whole trading session and not just the times when it worked.

  14. Posted

    Hi Folks,

     

     

    My daughter traded this morning while I was out, and she grabbed 100 ticks or so on an EURJPY short. She goes to bed tonight with closed equity of $78.86, up $11.70 from yesterday's $67.16. Not bad for having started with just $25 less than three weeks ago.

     

     

     

    Thales, can you adopt me, lol ?

  16. Posted

    I post one sample of P3 trade on Friday chart#1 is the moment when I enter chart#2 is where I am taking profits....My stop was 2 points

     

    Ok, what made you so sure at your entry that point 3 was in ? The low volume ? Or was it "intuition" ? Regardless of the debate whether volume actually leads price or not, I find it incredibly hard to determine whether a Gaussian has been completed.

     

    Again, I find your results on the P&L thread impressive, if you can make money with this, more power to you !!

  17. Posted

    Price/Volume relationship is obvious in the trading fractal context boundaries

     

    I think I can see in the chart what you mean by the above quote. It seems to work for you as one can see in your various P&L statements of which I have no reason to doubt its veracity ( that sentence sounds strange, is this correct English, lol ?).

     

    I would really love to see someone draw the channels, and more importantly, the rising and declining volume "gaussians" in real time. I wonder how many hundreds of newcomers on ET have drawn those channels, pennants, FTTs etc. and posted their charts at the end of the session and yet failed miserably to actually trade this at the hard right edge.

  19. Posted · Edited by Marsupilami

    6-2-09

     

     

     

    Pretty good day here all around. Missed a few trades again, but better.

     

    I would say, you really cleaned up today, chapeau ! But much more impressive than one day's results is your consistency. :applaud:

  21. Posted

    Hi Blowfish,

     

    I perfectly understand your points. I know that trading with bookies is not an ideal situation, I'd definitely want to trade in a more regulated environment if my account size was bigger. I just wanted to point out that there are many people trading with fixed rate brokers everyday without experiencing any major problems.

  22. Posted

    yep, bucket shop is how they should be called. even worse now than the times jesse was tapereading.

     

     

    It seems as if complaining about so called bucket shops is a popular hobby among a large group of traders. Some even blame their brokers for their own inability to make money in the FX.

     

    I've had accounts with several of these "bucket shops" for years and so far everything has been working well !

     

    I've also trialed several platforms by ECN brokers and large banks just for fun and I must say to my surprise I wasn't very impressed at all by their spreads.

     

    If my account were large enough, I'd probably turn to the CME contracts, but for now, I'm perfectly happy with my bucket shop, lol.

  23. Posted

     

    I'm taking a birds eye view of about 10 or so markets and just lay there waiting until price gets to my entry zone. Once price gets there, I zoom into that chart and look for an optimal entry price and logical stop/profit targets. Then I put the trade on and do my best to let it go... easier said than done.

     

     

     

     

    Hi Brownsfan, just to clarify, by "optimal entry price", do you mean a candle stick based setup in your entry zone ? And how do you arrive at your zones, if I may ask ? Are these traditional S&R zones or floor pivots ?

     

    BTW, your P&L is very impressive, chapeau ! You should definitely write a book someday !

  24. Posted

    FELLAS,stop

     

    thetardingzone greg is SCAM BIG TIME so as secretariat

    they both need to be put in jail

     

     

    Interestingly, after having made a rather negative comment about Sec last year in this thread ( regarding booting), I lately found his room to be pretty good, I'm not a paid member though due to time constraints.

     

    Imho, you cannot say that this guy can't trade, calls were very good and were given in advance or real time. However, whether his current methodology is similar to Greg's or whether it can be effectively taught at all, I cannot say.

  25. Posted

     

    WARNING: FOREX HAS NO VOLUME, SO THIS CAN'T WORK ;)

     

    Just kidding.

     

     

    VolumeJedi,

     

    I don't use the TG software, is there a way of showing "tick volume" for e.g. the S&P E-Mini futures ? This way, one could compare both volumes to another and see whether the number of ticks per bar is an adequate substitute for real volume.

     

    I use Metatrader for FX and it does show tick volume, but I have a feeling it's not very reliable as almost every wide spread bar has a high tick volume.

     

    Thank you and Happy New Year,

    Mars

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