Spydertrader's Jack Hershey Equities Trading Journal III

Discussion in 'Journals' started by Spydertrader, Dec 30, 2006.

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  1. I use that setup.
    I'd suggest looking at the QT market time and time-zone settings - but I guess QT support would have already checked that?
     
    #301     Jan 19, 2007
  2. rickylc

    rickylc

    as ININ has confirmed an FTT and BO of the ST down channel, coupled with the bounce off the IT RTL, I am holding through the weekend.
     
    #302     Jan 19, 2007
  3. tef8

    tef8

    I also use that setup (IB & QT) - did you do the beta update today?
    I am considering switching data providers short term, brokers long term as my IB feed has been funky for awhile now. Surfing ET it apears a few others also have concerns over IB data quality (volume funky).
    Regards,
    tef
     
    #303     Jan 19, 2007
  4. foible

    foible

    IB volume does differ somewhat from my QCharts and eSignal volume but remember that we're really interested in approximations and relative changes. The level of precision in the LBDU on WealthLab (to the nearest share!) is an artifact of the calculation and not a requirement. Unless you're getting some really whack data like IB saying that there have been 125k shares traded and QCharts says there's only 25k then maybe you should do something, but I've never had this problem.

    IB reports slightly more shares traded, but I figure this means that I get the entry signal a couple minutes earlier than others. In the big picture, this has never been a big deal.
     
    #304     Jan 19, 2007
  5. Clym

    Clym


    Although, I don't use quote tracker I experience the same problem with IB's charts regarding volume discrepancies.

    I am pretty sure that:

    1. The bad volume occurs only when live data is passed to the chart. (I am going to guess that your quotetracker bad volume would also match the bad volume in TWS charts).

    2. If a chart (that has been open an receiving data from IB) is refreshed, all of a sudden the volume is as it should be! There are drastic changes in volume scale. Often 100%

    3. The live volume that is displayed in TWS is accurate also. I know this because I record live volume in Excel.

    Below I have attached 3 charts. One is the ES pre refresh (the chart was open when the market opened and updating live). The second, is after refresh (totally different volume) and the third is just a simple Excel volume graph that was subtracting 2 minute old cumulative volume from current cum vol and recording it.
     
    #305     Jan 19, 2007
  6. tef8

    tef8

    I've had some really weird data issues this month from IB's feed and very actively daytrade (besides following this system I scalp) so for me it is a big deal. To each their own though.
     
    #306     Jan 19, 2007
  7. I remember back in 2005 seeing this same issue but even worse. What I mean is I would look at the chart, see a signal based on price/volume, take the signal and perform a refresh and have no signal! Suffice it to say it quickly made me move to DTN's iqfeed. I never had that problem with DTN.

    In 2006 however, I rarely see this issue with IB. Not sure if I've been lucky or not paying attention.
     
    #307     Jan 19, 2007
  8. TimDog prompted me to look at the volume he was seeing for BITS. It looks like the average volume displayed on QT is the 10D average until they switch to the fundamental data server and it then shows the 60D average. For Bits you see a jump from c. 70,000 to 150,000.

    I do not see this as an IB problem at all.

    I will watch this more closely next week.
     
    #308     Jan 19, 2007
  9. Nicely done, 5% in a day.

    As usual my chart for ININ shows ongoing, deep ambiguity. My short channel still holds but it is the long (green channel) that has been tested with a FBO, so I would continue to suspect the long:

    <img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=1332898>
     
    #309     Jan 19, 2007
  10. rickylc

    rickylc

    my interpretation of the same chart. I eliminated the point one you have for the start of the IT as it is too long ago and the channel it would have formed became useless. it can be seen as the green channel on the far left.

    i like to base the IT on a quarter or about 65 bars.
     
    #310     Jan 19, 2007
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