Jperl's Trading With Market Statistics Summary

[Jperl's Trading With Market Statistics Summary]

This summary thread will feature Jperl's 11 part series of Trading With Market Statistics. The series can be found in the market profile forum.

 

Thanks for this wonderful Summary

 

Until I discovered this, I was trying to read the individual threads, but what a nightmare that is !

So many distractions as people argue needlessly over this setting or that setting, and meanwhile missed the whole point of JPerls wise words.

 

Thanks to him for sharing, and thanks to you for putting this together.

I have to say, it's the most interesting and informative stuff I have ever read about trading.

[How Would You Trade It if You Knew ...]

this thread is the biggest heap of BS I've ever seen on any trading forum

[E-Minis Vs Volatile Etfs]

Hey Garylorthe,

 

Thanks for the indepth reply. I have never in my life heard about having a minimum of $25,000 in an account to day trade stock by the SEC. Can you clarify this?

 

try doing a few short term day trades in quick succession, and you'll soon find out when they stop you trading ! :crap:

[Backtesting Software Using Fundamental and Technical Data, USstocks]

My main goal is to catch the big moves in stocks while trying to loose as little as possible.

 

 

what an original idea !!! i wonder why more people don't consider this ? you're a genius

[Tick Vs Time Charts]

Can anyone tell me the benefits/draw backs of tick vs time charts for the mini equity futures and what the 144tk and 233tk charts would be roughly equivalent to time wise and whether using one instead of the other is more beneficial. Thanks

 

whatever tick/time correlation you can perceive has to be, by definition, purely coincidental.

a 5 minute chart will print a bar/candlestick every 5 minutes, no matter what the underlying action.

a 233 chart prints a bar every 233 ticks so if trading is intense that could happen within 1 minute ? or on a slow night 10 minutes ? or an hour ?

ok an hour is an exaggeration, but only when you truly understand the beauty and power of a tick chart, will you realise how absurd your question is.

[Market Internals for Day Trading YM]

You will get chopped on strong trend days.

 

i thought one of the purposes of this thread was to identify strong trending days from choppy days ?

Of course nobody is going to fade against a trend but

a) there are opportunities on a trend day to fade a reaction back in the direction of the main trend

b) there are opportunities galore on choppy days.

 

I was just interested if anyone else uses it. Obviously not. Your funeral.

[Market Internals for Day Trading YM]

For example, if the tick spends the majority of its time above zero (preferably, between 600 - 1000) then I only go long.

 

 

ever use TICK readings >1000 or >-1000 as opportunities to fade ?

the contrarian logic being that by the time enough bullish (or bearish) sentiment has built up, it's usually time for the Pros to step in and fade the public .....