mind you I am not looking to capture all of the trend.. the middle will make me ..whatever...
Timmy if that is the case unless you have sophisticated Proprietary software you carn't for the ASX.
If it wasn't the case then,
A man walks into the Bottle shop and buys a slab of beer.
How many stubbies were purchased? 24 (by the man)
How many stubbies were sold? 24 (by the bottle shop)
Number bought MUST = Number sold.
I have heard the term 'there are more buyers then sellers'.
I have heard the term 'there are more buyers then sellers'. How's that fit in to your equation?
And can you give me example of 'there are more buyers then sellers' when this can occur?
Go back to my apple example from the other thread. 1 farmer sells 100 apples to 100 buyers who bought 1 apple each.
So only 1 seller and 100 buyers but still number of XYZ sold = XYZ bought.
market depths mean squat in my view UNLESS on the top lines , and even then they only a rough guide as most of the frantic actions comes from left field and not in the depths at all
only my opinion
All volume is a buy and sell
price movement tells you which was absorbed
Key --->always look for absorption
motorway
Care to elaborate on the absorption bit? ta
market depths mean squat in my view UNLESS on the top lines , and even then they only a rough guide as most of the frantic actions comes from left field and not in the depths at all
only my opinion
Of course lots to counter that. Just not in retail land.
Tech will never agree but if he cannot to it its not possible.
yep ..... the old days of the "u boat " parked either side of the depths doing the shuffle have kind of fallen by the wayside ....... still see on occasion the odd mighty big players parking either side and pushing it where they want but not as often as in the past
I forget the exact figures but more than 50% of the worlds futs are executed through a price ladder like the one I have above. Why? because it provides an edge.
Most high frequency futs traders spend 90% of their time looking at a DOM? Why? Because they see patterns develop that most retail punters hope to see in a chart after it occurs.
I tried to show something of that edge in my scalping thread and of course someone came up with the "slight expectancy" line. If someone could show me a good expectancy where the average loss was a fraction higher than the cost of brokerage I would be very interested.
until then the no edge in DOM = I cannot so no one can.
I forget the exact figures but more than 50% of the worlds futs are executed through a price ladder like the one I have above. Why? because it provides an edge.
Most high frequency futs traders spend 90% of their time looking at a DOM? Why? Because they see patterns develop that most retail punters hope to see in a chart after it occurs.
I tried to show something of that edge in my scalping thread and of course someone came up with the "slight expectancy" line. If someone could show me a good expectancy where the average loss was a fraction higher than the cost of brokerage I would be very interested.
until then the no edge in DOM = I cannot so no one can.
I forget the exact figures but more than 50% of the worlds futs are executed through a price ladder like the one I have above. Why? because it provides an edge.
Most high frequency futs traders spend 90% of their time looking at a DOM? Why? Because they see patterns develop that most retail punters hope to see in a chart after it occurs.
I tried to show something of that edge in my scalping thread and of course someone came up with the "slight expectancy" line. If someone could show me a good expectancy where the average loss was a fraction higher than the cost of brokerage I would be very interested.
until then the no edge in DOM = I cannot so no one can.
Sorry that should of said discretionary trades.How about the algos? Would have thought algos don't use price ladder to execute.
No sorry poorly worded. I meant if there was no edge how would you explain the size of the loss being not much more than the cost of brokerage. So I would love to see the average loss of a large expectancy system, losses would be winnersDo you mean an edge in scalping with charts??
So
Explain this.
90% trade by looking at DOM
That means 90% of trades dont appear in DOM
They just fly in from Cyberspace.
If 90% of volume comes outside of DOM
how then can you explain an edge.
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