Volume

Here is how the test procedure works on a logging sheet for volume.

I list the volume elements in a manner where all their columns can be filled in with a T or and F. T is true; F is False.

As spurt pointed out, I do have the means (which is required) to know in advance of when a trend end is coming it is immenant).

So a sheet exists for logging with a pencil. A bar test on price hi lights determines if the event column is noted as "WAIT", the term for precluding a test. 6 of the 10 cases not done by the OP indicate WAIT.

the volume bar test has three parts AND they are done in order.

this is one of the 5 streaming flows.

first you look for a volume REPEAT.

second you do a reverse chron check.

Last you go to the next item in the stream.

fifth graders can to this unfailingly.

Is there anyone who could not figure out what an "exhaustion" is under these circumstances? No noe can if they do not think deductively. all people fail in this task if they cannot think and think faster than the market supplies information.

 

I do not feel I am stuck in a space in the past of CW. Conventional Wisdom is dominanted by myths and betting.

Why would a person bet. Why does spurt bet? why does the OP bet?

Same reason. CW preaches betting using OODA. Too bad.

If you have a soft or hard ball, do you use tape on it? Maybe for practice. for games you use new balls.

The taping in baseball has an equivalent in trading the OODA of CW. It is called risk manangement and money management.

If you hve more money than you need to trade 100,000 shares you sweep it out of the account and put it into the SSR account.

The Kelly formula is for people who bet.

You only trade stocks that are in high corrolation of the Universe filter.

 

Thanks jack, just got home. Tonight I have to prep for a meeting so I am not sure if I will have the night to read through all this. Once I can absorb what is given I will be able to proceed, respond and have the requested work.

I did see in your last post you mentioned about stocks and universe. A questions I am sure will be valid even after re reading is: I used to trade prop leveraged stocks, I switched to Forex to be able to trade gold (there was a few reasons for this) should I be thinking of setting my self back up for stocks?

While digesting, it may be good to prep other things so when things come together paper work is ready.

Thank you

 

I have reset. I am at the first post.

.If the relationship is price and volume that should be our axis (or so to speak).
.Price can't change without volume
.In order for our data to be parametric, it would need to be just that or it would need to be adjusted to be that.
.We have a set of tools to measure this type of data. (i think 4)

.Volume and price are seem independent from one another.
. Independence is unclear to me, if independent, how can it be 90 degrees?90 degrees can be calculated, this would mean price can be measured through volume and one mirrors the other. how is this independant ?

From your second post :

minority is detected in volume
volume has levels (size of trades vs number of trades ?)
Minority can be identified as a level.
our bars will depend on these levels
this is the cycle of a trend
the public does not know that volume has some thing hidden within it so it should be new to me.

I hope to have you the needed work soon, it will require me to be in a place where I am not rushed to be done well.

 

ASSUMPTION ERROR:

Regarding:
fifo, market order, limit order dom time and/of sales.


FIFO- first in first out
market order are more likely to be FIFO
Limit orders cant be FIFO

 

"At a given time one group or the other is the minority. The unit of measure is contract orders (or lots as in stocks) that are unfilled but in a FIFO line. The smallest side is the minority."

Logic
limit orders are sorted by price and executed by price.
market orders are executed by time or FIFO

FIFO line would indicate market orders which I think is too fast and the line is probably too small.

But

.many people can put a limit order to buy at 6$
.Here we have many orders at 6$ To fill these orders fairly we would use .FIFO, to fill them quickly we would match by transaction size. To use .anything else would be unjust creating opportunity.
.Often when a limit order is filled we can see that our order can get partially filled unlike a market order.
.This Indicates we are using FIFO at this level price and not speed of matching order by sizes.
market order fill price should not be always exact.....

So.

market orders happen very fast and having data of what is yet to filled should be NEXT to impossible as filling the order is faster then getting the data and sending it out of the system.

But other FIFO data can be not filled immediately.



"The unit of measure is contract orders"
. Not volume ? Contracts are not sales, each contract can have a any number of sales.


(or lots as in stocks)"
.Lot ( a random sampling?)(a non random slice of volume?)



" participants are constrained to behave."

.I can do as I please in market orders. buy or sell. (but I may not get an exact price. My fill SHOULD be dependant on the time the market gets my order. It SHOULD be filled immidiatly.
.some quality control measure may be in place causeing a delay/manipulation ...
Event that allowed really low orders to be filled...
.Limit orders hold information in a system.
.Man tends to take chaose and want to sort it.
.limit orders may be sorted leaving space for manipulation.
.sorting needs a variable, that would be volume. or initiator "IP"
.limit orders can possibly be sorted by volume, area, or intended preference to a person.
.to be efficient. limit orders may be pre matched up to orders from the other side, this would be a complex algo of fifo vs quantity.
.since held, they can be routed to other idea..
Nasdac may route order to themselves.
.limit orders at a given price may not need to follow fifo rules at all which may indicate i went on a tanget.


What is the constraint? not being filled is not a constraint it is result. a constraint is some thing I am not allowed to do. If in line with our goal, does some one know what the rules are ?



"Two kinds of factual information flow: the history unfolds and the new future is "telegraphed". Now segway to minority."


.order is recieved.
.order is filled (meaning present has past on typical charts) doing is done.
.all that is left is limit orders,
.but new limit orders are being added
.Why would one add a limit order so close to the cut off?
.new data? collect ecn fees?
.old data is placed based on old ideas, new data must be based on new ideas.
.what new information can some one have that is after some orders are filled (or very recent)
. new information can be realted to last fills (#of recent orders,size of recent orders,pace of recent orders)
.a slow down in limit order processing pace would indicate that the system is having trouble matching buyers and sellers. or that the back log of limit orders are finished and new limit orders are coming in.
. a slow down in pace, followed by big volume would indicate new bullish power. this could be from a buyer or an exchange.
.if form a typical buyer, we would see it only on one exchange.
Do market orders show up on Time and sales? is time and sales the same as time of sales?


"In intellectual exploration, your focus could be seeing the big conceptual picture first. Concepts and princples describe the subject. They are NOT stepping stones for invention"

.these are concepts and principals of how orders are processed.
.the topic I see is "how are orders processed".
.invention has not been made 1 or 2 words may be put as areas to explore that occur to me.
.order process can be seen as big or small.
.Could leaves space for a string of unrelated posts.
.these post may be unrelated.\
.volume, near future, buyers sellers,seem to the type of words that are .given to me. they relate to the inferred subject.

.I do not know when my thoughts wonder away. Information is given to me .it is addictive.
.direction is hard to see.homework should give feed back as to if I am wondering
.home work will be basic and I will be able to find a way to convince myself I am on track.
.starting over means that old posts directions and intentions may not take in to account a change that was made.
.direction must be taken by new post.
.I tend to push away on forums.
.the word feedback rings a bell.

 

No Sir – Thank You

RN

 

BD,

Based on the tone of this post – appears patience remains ever elusive

One consolation though, at least you’re asking good questions – although your questions are all over the f’n radar (fragmented)

=======================================

How or why do they determine these key points?


In order to know how;

We would need to know their system… and their current position(s) – that ain’t happening…, and neither will us knowing – for certain

But we know the context in which they have been operating…, and we have the ability to act whenever we see the characteristical traits of a top…, bottom…, or turn (swing) forming

So, yes – it doesn't matter – just follow price ( a little tongue in cheek levity in case you’re wondering)

======================================

As to the why;

Picture yourself holding millions, or more in a position(s) – and price moves adversely enough to get your attention

You going to defend…or puke…

You going to add at a more favorable price… or sit with your thumb up your butt

And even though the above scenario is straightforward… the real answer is; IT DEPENDS (one of your tasks is to identify what it depends on)


Few things noteworthy;

Few read charts in the same manner

Few trade with the singularity of making money – and feel doesn’t enter into their equation

Recall the phrase “ahead of the curve”;

Few make the curve, by acting at least one step ahead of the curve. These actions leave foot prints

Few are not all on the same trading schedule – but most all of them are acting as a top or bottom comes into being

==================================================
Fractals;

To understand fractals – you must understand the players – and you must understand the few are applying their craft over different “durations” (creating the events Jack referred to)

Btw, I used the word duration intentionally…, and to hopefully get you UN-wrapped around the time frame(s) axle

===========================================


Okay, so obviously I've not responded in my usual simple minded way…, be that as it may – I have provided a path.

Up to you to think your way through it

===========================================

Now let me add a couple of tangent thoughts to pursue

TA is not a set up… TA is a road map – and as we follow this map – should a set up appear – we exploit it


Think about where tops / bottoms form – think about turns (swings) (major and minor) between a top and bottom – where they form – the frequency they form – and where the frequency typically increases – look back on a chart – try seeing why either a top, bottom, or turn – formed where it did – look horizontally and diagonally – take into account duration (time)

Then think about the similarities (PA wise) of each top…, bottom…, turn

Note; similarities are just that - similar... they are never exactly alike
===========================================

Finally

Realize in my world – volume is as much a part of PA – as is price…, and time

(I can appreciate why a price only chart appears random to so many – at times it does to me as well….
Adding volume and time clears that random shit right up – regardless the chart’s time frame)

RN

 

Note.

Tomorrow being a holiday, don’t be surprised if volume is conspicuasly lacking - go figure

RN

 

Usually this should send you running for the woods.

Logic indicates that I am not a good trader. That is clear.

My path would not be the one to follow unless you look for signs of struggle as a sign of truth. It may be more entertaining, or filling a need, or distraction that you may need.

Be careful, tangents are money. no one has said I am anywhere on track to something relevant. I have dug deep and it is 2am. I am ill prepared for tomorrow... yet again