Support Board
Date/Time: Tue, 26 Nov 2024 09:49:39 +0000
Post From: Replay is skipping days?
| [2023-12-16 03:33:13] |
| User61168 - Posts: 403 |
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"A system that will make money forever without touching it again" I am approaching markets with a research mindset of finding a universally acceptable solution that works in both trending and ranging markets...i.e. in both Divergence from Mean and Reversion to Mean from a price level or setup or indicator or whatever technique that is available out there. Before diving into strategy development I tried to understand why strategies stop working and my conclusion is the fact that strategies fail because1) there is no easy non-lag way to identify the transition between the two. Atleast not that I am aware of. 2) reliance of history i.e. looking at the past to predict future. After testing all the (historical) price based indicators out there, my conclusion was to narrow down and focus primarily on the current bar and ohlc of previous bar with no price based indicators or derivatives of price. And I have approached volume analysis but only at the rudimentary level using VWAP/VAH/VAL/Cumulative Delta/Large volume study whatever is readily available in the standard package of SC. My efforts did not reveal any positive edge with these volume based studies. With that said, my definition of "order flow" (powered with limited knowledge) is to look at the buy and sell orders at the centralized order book i.e. price ladder and the resting limit orders, stare at the rapid price moving up and down the ladder and derive "some" theory or logic on what type of volume drives the price up and down via exhaustion and absorption of resting orders taken out by market orders. I have tried staring at the price ladder and physically could not stare for more than 5 minutes without feeling dizzy with flashing numbers everywhere (rapid moving numbers did not go well with my eye sight and concentration so there is a physical human limitation in my ability). If you need a pointer, send me a DM and I'll gladly share it. But I would say you're shying away from exactly the things which could make all the difference for you. ... I agree and also realize the thick-headedness in my chosen approach in this journey. I would love to take you up on the offer to share your knowledge on orderflow especially if it has proven benefit to your own growth. If you can show why a bar opening at price x has the potential to move to x + y ticks in a given direction or the signature in orderflow to depict a reversal after x+ zticks, that would be truly impressive :-)
Date Time Of Last Edit: 2023-12-16 03:34:32
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