Why Is The Obvious Not So Obvious?

Discussion in 'Risk Management' started by nysestocks, Jan 25, 2009.

  1. J_Smith

    J_Smith

    Seems like you are still the same:D

    J_S
     
    #5311     Aug 22, 2016
  2. Ya well, my crap back then, still looked better than the obfuscation you guys write.

    Oh well, live and let live, cheers.
     
    #5312     Aug 23, 2016
  3. i`ve made an indicator for the ultimate obvious,it`s just uses the charts boundaries.You just need to visually define the chop,i guess what depicts the pf charts nysestocks posted in the thread.
     
    #5313     Aug 23, 2016
  4. nyse are you still around ?
     
    #5314     Aug 31, 2016
  5. Traderflow...what tool do you use for reading order flow?
     
    #5315     Aug 31, 2016
  6. Never mind.
     
    #5316     Sep 1, 2016
  7. J_Smith

    J_Smith

    I think it is called B5 :D

    J_S
     
    #5317     Sep 1, 2016
  8. :D:p
     
    #5318     Sep 1, 2016
  9. J_Smith

    J_Smith

    You have to laugh at times, otherwise you will crack up:D

    Orderflow - very difficult one, as us plebs are really just a drop in the ocean compared to the assholes who play with billions of $$ with OPM!

    I added the ES last size to my new chart setup, and I can see the size of each trade going off real clear - about 44 rows to look at. Now, the big problem with IB TWS charts is that they are a load of shite, and I will give you an example that I tried to see today, but just a total waste of time:rolleyes:

    I added the bid/ask highlight to my vertical chart price scale - so now I can see if the last price (yellow) is going off at the bid or ask, in between, or above or below. For the ES, it will go off at the bid or ask most of the time.

    Now when looking at the color overlap - yellow on bid or ask - I want to know if the last size is at the bid or ask - who the fuk came up with "professionals" for TWS - the developers are the thickest Gobshites in the financial industry.

    All they have to do, is a very simple bit of programming to let you select a color to highlight the last size based on the bid/ask price, or above, or in between, or below. I have done it excel myslef, but it was some time ago, and now I have to go off and do the fuking thing again - the fukin thick Gobshites.

    This time I think I will add a small bit of code to play a wav file that will shout out "BID" or "ASK" for the last size, als well as color the prints in the T&S box.

    It is very handy to know, as, when you near the S&R lines, and the prints start going off real fast, you want to see the sizes going off at the bid or ask, as the big boys could be buying or off loading.

    Of course, it is just one thing to look at when trading, as there are several other things as well that need to be watched - but when they all line up, then you know the odds of a break of the S/R level is much higher.

    Trading the ES is not easy, but, the charts are much cleaner than the NQ - not easy, but very possible to make some nice money every day, providing you don't get sucked in and stick to what you need to do, part of which I have mentioned!

    J_S
     
    #5319     Sep 1, 2016
  10. Good stuff. FYI I love that word "Gobshite"...just sounds bad!
     
    #5320     Sep 1, 2016