Jump to content

Welcome to the new Traders Laboratory! Please bear with us as we finish the migration over the next few days. If you find any issues, want to leave feedback, get in touch with us, or offer suggestions please post to the Support forum here.

  • Welcome Guests

    Welcome. You are currently viewing the forum as a guest which does not give you access to all the great features at Traders Laboratory such as interacting with members, access to all forums, downloading attachments, and eligibility to win free giveaways. Registration is fast, simple and absolutely free. Create a FREE Traders Laboratory account here.

AbeSmith

8/7/07 Trading Log / Idea Sharing

Recommended Posts

YM staying balanced up to Fed???

 

Seems like it, Peak Volume Price is snug on VWAP and the price is hovering slightly above and below the VWAP.

 

 

I'm starting to sound like Jerry, but the guy is a genius so. :cool:

Share this post


Link to post
Share on other sites
Trade 1: +12. First trade using the VBC 5000.

 

Abe,

Glad to see you are watching and paper trading on the VBC. I assume you are still on paper. You better be. ;)

 

So, what are your immediate reactions to the VBC? Just curious to hear what you think of a chart the provides opportunities if you pay attention. I haven't looked at a 5000 on the YM, so not sure how that looks in real-time.

Share this post


Link to post
Share on other sites

The one thing you will need to play with Abe is that volume setting. I pulled up a 5000 YM and that is way too slow for me. ;)

 

That means nothing to you, point is to play with some other settings as low as 500. It's not going to hurt anything to have a few different VBC's up if you are going to look at them. 5000 appears to be the 'slow' version. I would also look at 2500, 1000, 750 and 500. Obviously the smaller the #, the quicker the chart will respond.

 

Also, since you are looking at different VBC's, I've also read that some use Fibonacci numbers. I guess I just like round numbers as I didn't see a big difference in a fib number and a round number.

Share this post


Link to post
Share on other sites
Abe,

Glad to see you are watching and paper trading on the VBC. I assume you are still on paper. You better be. ;)

 

So, what are your immediate reactions to the VBC? Just curious to hear what you think of a chart the provides opportunities if you pay attention. I haven't looked at a 5000 on the YM, so not sure how that looks in real-time.

 

Yes Brownsfan. Still paper trading. I plan to paper trade until I'm consistently profitable. Not sure how to define that though.

 

I'm not sure what to think about VBC. It is new to me. But right now it makes more sense to me than the 5 minute chart.

 

The one thing you will need to play with Abe is that volume setting. I pulled up a 5000 YM and that is way too slow for me. ;)

 

That means nothing to you, point is to play with some other settings as low as 500. It's not going to hurt anything to have a few different VBC's up if you are going to look at them. 5000 appears to be the 'slow' version. I would also look at 2500, 1000, 750 and 500. Obviously the smaller the #, the quicker the chart will respond.

 

Also, since you are looking at different VBC's, I've also read that some use Fibonacci numbers. I guess I just like round numbers as I didn't see a big difference in a fib number and a round number.

 

Thanks Brownsfan. I will look into the the different volume settings. I'm not sure how to use the Fibonacci numbers. It seems interesting. I understand it is based on a pattern found in nature, and the pattern can also be found in the market. I wonder how often the pattern occurs in the market, and in what market conditions it occurs most often.

Share this post


Link to post
Share on other sites

I'm not an expert on Volume Spread Analysis but has anyone else noticed the huge down volume appear at 12:09 PM EST, could this be evident of price rejection at these levels before the fed?

Share this post


Link to post
Share on other sites

Thanks Brownsfan. I will look into the the different volume settings. I'm not sure how to use the Fibonacci numbers. It seems interesting. I understand it is based on a pattern found in nature, and the pattern can also be found in the market. I wonder how often the pattern occurs in the market, and in what market conditions it occurs most often.

 

When I mentioned the fib #'s I was just referring to setting your VBC level @ one of the fib #'s. I don't use actual fib analysis at all, but on elitetrader they have discussed setting the VBC level to an actual fib #. To me, not a big deal or difference.

Share this post


Link to post
Share on other sites

Brownsfan, I noticed that you have been trying to get Abe to use the

VBC lately. If I remember correctly, Abe has an account with IB . IB only update volume when the price changes. which is different from other data vendors. How will that affect his charts ?

Share this post


Link to post
Share on other sites
Brownsfan, I noticed that you have been trying to get Abe to use the

VBC lately. If I remember correctly, Abe has an account with IB . IB only update volume when the price changes. which is different from other data vendors. How will that affect his charts ?

 

If you compare VBC's @ IB to VBC's @ Tradestation they all print the same.

Share this post


Link to post
Share on other sites
Brownsfan, I noticed that you have been trying to get Abe to use the

VBC lately. If I remember correctly, Abe has an account with IB . IB only update volume when the price changes. which is different from other data vendors. How will that affect his charts ?

 

Good question OAC and it seems MrPaul knows the answer b/c I am not sure to be honest. Never used IB.

Share this post


Link to post
Share on other sites
Nice day Abe!

 

So, what worked well today? I'd love for you to say the VBC, but wondering what worked today.

 

Thanks Brownsfan. I'm not sure what exactly worked today. A combination of things I would say. 1. The VBC. I looked at 5000 and 1000 VBC, and I would say it is very helpful for catching momentum setups. 2. Logging my trades in detailed charts is also very helpful. I get to review the trades at the end of the day, and perhaps every month or week. Also, with the TL setup I receive helpful feedback from other traders. I find this to be very helpful.

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.


  • Topics

  • Posts

    • ...hallucinates.... Student: “What if we gave the monkey LSD?” Guru: “The monkey already did LSD”
    • Question: To those that had/have cancer, what were the signs that made you think “something is not right here” to make you go see a doctor? Answer: So, 5/25/2018, I woke up, got ready for work, and as I walked to my car, I started gagging. Like something was stuck in my throat and I needed to clear it. And then it went away.   But 10 minutes after that, I was T-boned at 40mph on the driver side door. But what made me see a doctor was while my muscles felt better and bruises were going away, the gagging still continued, I started having fevers, my neck felt swollen, I was having such a hard time breathing, and I'd have random sharp pains in my chest, but not from where the seat belt saved me.   2 weeks after the accident, I finally see an urgent care doctor, who looks me over, tells me I'm fine, but luckily requests a neck X-ray. And I ask for a chest X-ray, which he rolls his eyes but let me have (most of my pain was in the neck, so I understand).   The very next day, he calls and says “So, that chest X-ray shows there's a 4 inch mass on your heart and lungs, and your lungs have been filling up with fluid, as well as in your pericardial (heart) wall. We need you to come in tomorrow.”   Turns out the big mass, due to the accident, caused my heart and lungs to tear and fill with fluid, the swollen neck and gagging was caused by 2 metastasized tumors, and the fevers and weight loss were symptoms. Stage 4b Hodgkin's Lymphoma.   But thankfully, we went very aggressive with chemo (and had a lot of bad side effects that don't normally happen to patients), and now I'm about 16 months cancer-free. Yay lucky X-rays! Rachel Jurina, Quora Source: https://www.quora.com/To-those-that-had-have-cancer-what-were-the-signs-that-made-you-think-something-is-not-right-here-to-make-you-go-see-a-doctor   Profits from free accurate cryptos signals: https://www.predictmag.com/  
    • As a man, the reality of life is the harshest part. I don’t mind looking older or becoming weaker over time; it’s nature.   Have you ever heard that the only people who will be loved unconditionally are women and children? Men will only be loved as long as they can provide until they are no longer needed. It doesn’t matter if you already did your best to get your kids to the best school or get the best things for them, if you stop before they’re done with it, there will be no thank you. The only thing they will remember is that they have to quit school at 15, ignoring all the previous 15 years of life you provided for them. The only people who will accept you, no matter what, are your parents. But in this situation, you might be that ungrateful child.   EDIT: Wow, I didn’t think this would get so much attention.   For those who disagree, I can only say that everyone has their problem. If you don’t get the chance to face such a thing, be grateful. Remember, sometimes what you throw in the garbage is something that someone wishes ever to have.” – ElZee, Quora   Profits from free accurate cryptos signals: https://www.predictmag.com/    
    • The good thing i had noticed so far is that the traderpot value is also on the rise..
    • yup its a gradual rollout the right way in my opinion, its really good and its exciting for the sto in 2027
×
×
  • Create New...

Important Information

By using this site, you agree to our Terms of Use.