Support Board
Date/Time: Sat, 23 Nov 2024 15:18:45 +0000
Post From: Supply and Demand Indicator
| [2024-04-22 07:46:05] |
| binaryduke - Posts: 369 |
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@User61168 I reached out to you by DM in response to you saying that "This is precisely the missing piece in my algo journey to implement once I learn orderflow techniques.". I disclosed my background as an order flow developer, trader, educator and publisher of commercial tools. You're now saying that any posting by me or my users (some of whom are now involved in community management) is deceptive? FFS. People ask for help. People with expertise provide some knowledge. Knowledge and expertise can be commercialised. I explicitly never spam this board with recommendations for my group or products. I do reach out to people that I think would benefit from them based upon the questions/nature of the questions that they ask. The entire trading add-on industry is full of charlatans and snake oil vendors that do not know what they are talking about; are happy to take high one-time fees from people for mysterious obfuscated stuff using tempting branding ("follow the institutional order blocks"; "HFT zones"; etc). My ethos is education FROM FIRST PRINCIPLES first; tools second. I urge all of my prospective clients to learn how to read order flow from raw data using standard features built into Sierra Chart (and other platforms). I help and educate people with that. For the outrageous price of $25 for 60+ online lessons. Wow. Vested interest huh. I must be making a fortune. Then, they are in a position to use commercial tools (like mine, or standard features of Sierra Chart, or other vendors' stuff that is not obfuscated nonsense) to increase their productivity when trading. 99% of people don't follow that path. They are lazy/don't want to put in the work/want some magic indicator/etc. Meh. A large number of retail trader victims also think that any vendor promoting/sharing visibility of their products must be deceptive/snake oil/etc. The industry has created this situation. Fine. Go onto futures.io or whatever it's called and use free stuff created by the same pool of retail traders finding their own way in this industry. Might work, might not. Perhaps if enough people in that echo chamber do the same thing, their volume will be sufficient to move the market in the direction they favour. However... to imply that my actions (or those of j4ytr4der) are deceptive is simply out of order. You implied that being able to add qualification of supply and demand areas was a missing piece that's hard to learn/implement within your algorithmic trading journey. Someone (me) reached out transparently to tell you about resources that can help you on that journey. You know what... good information costs money to create and has a value. It is not a crime to ask for money in exchange. If you don't want to exchange money for value, that's fine. If you want to be a guardian angel protecting others from evil vendors that are only out to take money from poor naive retail traders, that's fine too. If you want to remain in the echo chamber of retail traders that think all vendors are out to hurt the poor retail trader so you're only interested in open source/community-published stuff, fine. But don't accuse transparent, knowledgable people of deceptive practices, especially when you have no idea about where they are coming from or the work they do. |