Thanks Moz, Anyone know how to overlay a Moving Average of YM on top of INDU like Jack does? This is in QCharts. JohnnyK
open dow jones chart 2 min, right click, select studies,overlay expression,add. type in ym04m. Jack put up the procedure search for "match vertical range".
Thanks MOZ, I think I've got it. Now I'm trying to figure out how to set up QLink in Excel. I've searched Qcharts Help both online and off, and can't find how to set it up. Anybody? JohnnyK
I found the needed qlink info here (after a google search): http://finance.lycos.com/home/qcharts/qlink.asp I downloaded the program and installed it but it does not create a menu item in Excel, nor can I get Excel to add it in. JohnnyK
I've used CQG for 6 years. Extremley reliable but too pricey. I'm located at the CBOT and ran into a new vendor in the building called QT Information. www.qtinfo.com Has some different features with voice and free news. So I took the plunge and have been using it for the last 2 months. So far so good, best part I'm saving myself $500 a month.
I got QLink to work. I just don't have a dropdown menu item like in the screenshots. I found the downloaded/installed QLink progam in Programs>>Quote.com>>QLink. A readme file tells all about the syntax used and everything else. QLink syntax is entered into Excel cells like any other formulas. Instead of [ENTER], it's [CTRL][SHIFT][ENTER]. Simple. From there, Excel calcs can be done on the numbers like BA_Trader has done. JohnnyK
I got QLink to work. I just don't have a dropdown menu item like in the screenshots. I found the downloaded/installed QLink progam in Programs>>Quote.com>>QLink. A readme file tells all about the syntax used and everything else. QLink syntax is entered into Excel cells like any other formulas. Instead of [ENTER], it's [CTRL][SHIFT][ENTER]. Simple. From there, Excel calcs can be done on the numbers like BA_Trader has done. JohnnyK
Grob109, I have been having minor problems and was hoping that you could guide me. I really appreciate all the effort you put in each of your responses to everyone. I also wanted to let you know that everyone in Paltalk wishes the best for your health. Summary: I am able to recognize beginning trends using volume as the starter. For medium pace trends (14,1,3 hits the 75 or 25 before resuming), I am able to draw channels, recognize failure to traverses and reversing on the If 2 which is pt 1 for the next trend. I am having the most problems with fast paces in terms of locking in profits. For fast pace trends (taping on 5 min, 1 min rocket the whole time), I am able to draw channels, and am unable to recognize failure to traverse until it breaks the right side of the 1 min rocket channel. I also have a tendency (belief) to hold through a fast pace right trend line break looking for the medium pace iceberg and resumption. Current Strategy: Fast Pace taping on the 5 minute ( 1 minute rocket) -I enter on the right side of the 1 minute channel and 5 minute tape -exit half of position on the left side of fast pace - wait for pullback and do it again - **this is where the problem starts. If the fast pace makes a full traverse on the taping fractal and 1 minute rocket, and then retraces to the right side of the channel and breaks it, I hold for a possible slower pace ( 5 min 14 1 3 stochs hitting 75 or 25 and resuming). I do not exit on the right channel break cause i think a full traverse on the fast pace is not flawed even though it then breaks the right side of the channel after the full traverse. My logic is that it will most likely create a second pt 3. This logic has led me to give back a lot of my profits as i wait for the second pt 3 after a full traverse of a fast pace trend. My exit for the failure to make a slower pace trend(2nd pt 3) is when price makes an IF 2 that breaks the high of the prior 3 five min bars( for short trend) or low of the prior 3 five minute bars for a long trend. Ultimate Goal: -Exit fast pace trends on the last traverse(often a full one for a fast pace) - recognize the last traverse as pt 1 for a possible 1 minute trend reversal and reverse. This means not being in the trend when the right side of the fast pace channel breaks but already being reversed. This 1 minute reversal trend could end up being the 5 minute pt 3 (iceberg) before resuming in terms of sequences. Example: -Friday, entered short for fast pace on high of bar 55. -Hits the left side of the fast pace channel at the beginning of bar 56. -Add on the right side of tape at the high of bar 57. -Hits the left side of the fast pace channel on bar 58. I exit half on the left hand side. -Bar 59, I add on the right side of the tape, this time though the tape and channel gets broken. - Exit everything and sideline on bar 61 when price breaks the high of the prior 3 bars indicating probability of resuming down for iceberg(resume after 14 1 3 hits 25 level) on 5 minute is low. I end up giving back half of my profits. This is what I want to happen next time: - enter on high of bar 55 short. - exit everything on bar 58 at left side of channel, recognize that although it was a full traverse on the taping fractal, it is pt 1 for long trend or possible pt 3 iceberg for slow down trend. I would like to reverse here (lock in full profits) and see if price wants to resume into a iceberg down(medium pace) or turn into a successful reversal and rocket on the other side (75 zone for 14 1 3). Thanks in advance, JC
Where am I? A rudimentary player who has gone operational. You have said "..do trends and traverses on price (trendlines), PRV (5 min)and volume ranges to determine market paces, and indicators.." I draw/re-draw channels on screen, use 5 min bars, judge PRV on 5 min bars and manage the whole with the MAC D indicator on 5 min bars. You have said "..compare INDU and YMXX (qcharts) to use leading indicator of 'smart money'.." I already had LiveCharts from Quote.com. I have just subscribed to QCharts and set up INDU and YM04M on my workspace. Works well. Only yesterday starting looking at the offset values. Not using this measurement yet. You have said "..5 min chart gives a context for this and the lesser duration bars do not." I used to use only 1 min bars but now use the 5 min bar as the central pillar for trading. You have said "There are four trends each day. Two in the AM and two in the PM. In between, there is no pace and noise dominates." Yes, this is not just a 'belief' but a convenient one to follow as a framework for the day. You have said "If volume is declining, you do not want to continue to be biased in the direction of price much longer." This is how I read volume and while not perfect it is a marvellous precept for fundamental, finely tuned micro guidance. So I always system test trade and have done (over the last week just ended) only a trial of 3 transverses badly (entered late, left early, small profit) and the latest one quite well (Thursday Dow May 6 right to left 09.58-10.04 did 26 points net). This is all laughably very very modest I know; I have much honing to do, trading entries/exits to experience so as to reinforce success and of course additional understandings to reach. I also like to study the stuff a lot at the earliest stage of something where I intend to make it very successful. I have a serious target which starts for the week coming and I shall proceed on an operational day to day day-trading basis. There may well be error and omission in what I have said but I watch the Dow market continuously and have checked whether each day throughout the day the main thrust works. It does - for me. THANK YOU Grob 109.
I right click the ES04M market line and follow TOOLS>> I get only two choices, niether are for Depth of Market. However I can get Depth of Market on equites this way. I have even downloaded the most recent version of TWS. I have contacted cutomer support through email and they don't know what is the problem beyond this because I am signed up to recieve this data. Anybody else have this problem? JohnnyK