Is chart trading dead? (At least when it comes to ES)

Discussion in 'Index Futures' started by tortoise, Dec 26, 2017.

  1. volpri

    volpri

    I suppose you could upload your video to youtube and then post the link to it here. On ET itself it appears 4 mb is the max size file that can posted.
     
    Last edited: Dec 30, 2017
    #101     Dec 30, 2017
  2. MACD

    MACD

    Thanks Volpri
     
    #102     Dec 30, 2017
  3. Sprout

    Sprout

    You make a very good point on how to use the visualization of data to simplify a decision.

    After viewing the following video, I’m convinced the data displays of market information is transforming into something beyond the existing tools developed thus far.
    The included dataviz’s in the video are some of the best examples I’ve witnessed thus far in using data to convey meaning.

    One of the ideas presented - “we evolved to see things and make snap decisions.”

    The insight on complexity of air travel as being beyond our comprehension is grounding - “at any given time there are over 1 million people in the air.” The scale by which this is all co-ordinated across international borders is astonishing.

    The YouTube credits have links to explore the visualizations in detail. One thing that is super cool with the D3 spec is the concept of data-driven ‘living’ documents that update in real-time.

     
    Last edited: Dec 31, 2017
    #103     Dec 31, 2017
    MACD likes this.
  4. MACD

    MACD

    @Sprout you continue to amaze me with your cogent conclusions based on your ability to research and digest that as it applies to trading. Hopefully traders will see the benefits to trade more informed in far less time and confusion of TMI. Please keep up your excellent contributions to ET. I learn from you. If there is such a thing as "Edge" you have improved mine. Thanks
     
    #104     Dec 31, 2017
    Sprout likes this.
  5. LukeZen

    LukeZen

    I think it's kind of arrogant to say john grady is full of crap just because he advocates order flow trading. Not trying to defend the guy here but just be logical for a second, do people really think chart trading is the only way of trading the markets?

    Also I keep reading that scalping watching the DOM is the same as competing with HFT and that is all just noise... Why you guys treat all instruments as if they were one?

    It's not the same trying to scalp CL using DOM, a really thin market and easily manipulated by HFT, than trading, let's say, ZF which is a thick, liquid market and not that easily manipulated by HFT. There are also different market conditions and different types of day that come into play where you should play or stay away cuz of heavy HFT as well. Not everything is just black or white.

    You have to trade the right instrument and use the right method for that instrument, and also have the right personality for that type of trading. I think that's why trading is so hard.

    Happy new year
     
    #105     Jan 1, 2018
    tortoise likes this.
  6. baro-san

    baro-san

    I don't think so.

    You can't compete with the bots at their game, but bots and algos aren't smarter than those who design them (the analysts, not the programmers), so there's still is opportunity there.
     
    #106     Jan 1, 2018
  7. Matt at Optimus Futures (a sponsor here) has a basic intro to order flow. It is useful I think for a chart trader to at least understand how an order flow guy sees things using not very specialist tools.

    http://optimusfutures.com/tradeblog/archives/order-flow-fundamentals/

    Beginners would do well to run through his blog archive, it has a lot of knowledge in light bites. He is not my broker however a friend sent me this a while back. Respect to a broker who tries to help educate his customers.

    http://optimusfutures.com/tradeblog/
    60 pages but some really nice stuff in there.
     
    #107     Jan 1, 2018
    MACD likes this.
  8. MACD

    MACD

    Yes, @Startibartfast, followed your links and the information is nicely presented, clear and certainly of value. Thanks
     
    #108     Jan 1, 2018
    Slartibartfast likes this.
  9. wrbtrader

    wrbtrader

    Completely agree.

    wrbtrader
     
    #109     Jan 1, 2018
  10. MACD

    MACD

    No disrespect -- ( I guess this is what makes a 2 sided market -- that is difference of opinion) but, I "completely disagree :D
     
    #110     Jan 1, 2018
    wrbtrader likes this.