Support/resistance exist in all market
fractals. S/R forms on a 10
tick chart for exactly the same reasons it forms on an hourly or daily
chart. The primary difference is how large a move to expect when you
trade.
Smaller fractals usually mean smaller moves; however, all S/R shows
1st on the smallest fractals, you just don't know at the time how
strong it will be.
The smaller the fractal you trade, the more valuable a fast, accurate
data feed is.
Bill
--- In amibroker@xxxxxxxxxxxxxxx,
"scourt2000" <stevehite@xxx> wrote:
>
>
> Just as an aside:
>
> I'm well into the process of developing my own direct-chart trading
> interface with IB as the broker.
>
> We'll see if that's fast enough or not. I'm betting that it is.
> But, I principally trade support/resistance, not momentum, so that
> may be the reason I feel so confident that order speed is not a big
> issue.
>
>
> --- In amibroker@xxxxxxxxxxxxxxx,
"bilbo0211" <bilbod@> wrote:
> >
> > Thanks for posting those links.
> >
> > Transact is slower than Zenfire. I saw a video comparing those 2
> data
> > feeds. During slow trading, it is hard to see any difference but
> when
> > activity picks up, the Transact fed chart looks like it is moving in
> > slow motion compared to the Zenfire fed chart. Also, Transact does
> > some data bundling and Zenfire does not.
> >
> > Another high speed data feed HF traders like is from openecry
> > (www.openecry.com). They have an open API and Neoticker & Sierra
> > charts support their data feed.
> >
> > The value of these high speed data feeds accrues mostly to short
> term
> > traders who take many trades per day.
> >
> > Bill
> >
> > --- In amibroker@xxxxxxxxxxxxxxx,
"dbwyatt_1999" <dbw451@> wrote:
> > >
> > >
> > > I went through the excersise of trying to figure out Zenfire a
> few weeks
> > > ago. Zenfire is primarily trade execution technology which
> includes
> > > market data. Apparently, it's based on Rithmic's trade execution
> > > software (www.rithmic.com <http://www.rithmic.com>
) and 7 Ticks
> network
> > > (www.7ticks.com <http://www.7ticks.com>
). Since Rithmic and 7
> Ticks
> > > want to remain FCM and IB neutral, they do not advertise
> Zenfire. I
> > > think Zenfire is a marketing name that either NinjaTrader or
Mirus
> > > Futures put on the technology.
> > >
> > > Mirus Futures is the primary contact for ZenFire
> (www.mirusfutures.com
> > > <http://www.mirusfutures.com>
). They seem to be the broker most
> > > influencing Zenfire's functionality.
> > >
> > > Since we're discussing broker datafeeds, I think a better fit
for
> > > AmiBroker than ZenFire would be TransAct Future's datafeed
> > > (www.transactfutures.com <http://www.transactfutures.com> ).
The
> reason
> > > I think it would be a better fit is because TransAct has a
> complete
> > > order entry platform but lacks charting. Ensign, Sierra Charts,
> and
> > > Trade Navigator have already built interfaces with TransAct and
> are
> > > advertised on TransAct's home page.
> > >
> > > Regards,
> > >
> > > David
> > >
> > >
> > > --- In amibroker@xxxxxxxxxxxxxxx,
"dingo" <dingo@> wrote:
> > > >
> > > > http://www.mirusfutures.com/futures_broker_company_zenfire.htm
> > > >
> > > > d
> > > >
> > > > > -----Original Message-----
> > > > > From: amibroker@xxxxxxxxxxxxxxx
> > > > > [mailto:amibroker@xxxxxxxxxxxxxxx]
On Behalf Of bilbo0211
> > > > > Sent: Saturday, March 15, 2008 7:32 PM
> > > > > To: amibroker@xxxxxxxxxxxxxxx
> > > > > Subject: [amibroker] Re: Zenfire and Amibroker?
> > > > >
> > > > > Zenfire is not a retail datafeed, I've only seen it
offered
> through
> > > > > brokers with Ninja Trader. They do not appear to have
their
> > > > > own website.
> > > > >
> > > > > There may be some relationship between Ninja Trader
and
> Zenfire but
> > > I
> > > > > do not think it is exclusive because NT works with
many data
> feeds.
> > > > >
> > > > > The 3 brokers I know offer Zenfire are:
> > > > >
> > > > > http://www.mirusfutures.com/futures_broker_company_zenfire.htm
> > > > >
> > > > > http://www.ampfutures.com/zen_fire.html
> > > > >
> > > > >
> http://www.proactivetrading.com/trading_platforms/ninja_trader.htm
> > > > >
> > > > > I'm sure there are others. You should be able to get
Zenfire
> info
> > > from
> > > > > any of them.
> > > > >
> > > > > Bill
> > > > >
> > > > > --- In amibroker@xxxxxxxxxxxxxxx,
"Tomasz Janeczko"
> > > > > groups@ wrote:
> > > > > >
> > > > > > Sorry, but what this ZenFire is ? I googled for
Zenfire and
> > > > > > they don't have a web page ??? All I get are
links to
> Ninjatrader
> > > > > forums.
> > > > > > Seems unprofessional that they did not manage to
> > > > > > have google index their page (if they have any).
> > > > > >
> > > > > > URL anyone?
> > > > > >
> > > > > > Best regards,
> > > > > > Tomasz Janeczko
> > > > > > amibroker.com
> > > > > > ----- Original Message -----
> > > > > > From: "bilbo0211" bilbod@
> > > > > > To: amibroker@xxxxxxxxxxxxxxx
> > > > > > Sent: Saturday, March 15, 2008 8:26 PM
> > > > > > Subject: [amibroker] Zenfire and Amibroker?
> > > > > >
> > > > > >
> > > > > > > I've been trying to decide which data feed
to use and it
> > > > > looks like
> > > > > > > Zenfire is the fastest and most reliable
available right
> > > > > now. Every
> > > > > > > professional trader I have talked to that
has used
> > > > > Zenfire raves about
> > > > > > > how much better it is than their previous
data feeds.
> > > > > Also there are
> > > > > > > videos online that traders have posted to
compare Zenfire
> to
> > > other
> > > > > > > datafeeds. During slow market activity there
is no
> discernable
> > > > > > > difference but when tick volume picks up, the
Zenfire fed
> charts
> > > > > > > clearly lead sometimes by a substantial
amount.
> > > > > > >
> > > > > > > There was a time when IB's sampled data was
an advantage
> > > > > because when
> > > > > > > volume got heavy you always had up-to-date
prices while
> other
> > > data
> > > > > > > feeds would bog down and deliver delayed
data. It looks
> > > > > like Zenfire
> > > > > > > can deliver every tick without delay. There
is also a
> > > > > rumor that IB is
> > > > > > > loosing customers to brokers who offer the
Zenfire data
> feed.
> > > > > > >
> > > > > > > AFAICT, Amibroker does not support Zenfire
and there are
> > > > > no plans to
> > > > > > > do so, which is a shame because I think it
would worked
> > > > > better with
> > > > > > > Zenfire than most charting software. It has
never choked
> > > > > on any amount
> > > > > > > of data I have fed into it. Some other
programs will
> > > > > crash if you try
> > > > > > > to feed them too much data.
> > > > > > >
> > > > > > > Bill
> > > > > > >
> > > > > > >
> > > > > > > ------------------------------------
> > > > > > >
> > > > > > > Please note that this group is for
discussion between
> users
> > > only.
> > > > > > >
> > > > > > > To get support from AmiBroker please send an
e-mail
> directly to
> > > > > > > SUPPORT {at} amibroker.com
> > > > > > >
> > > > > > > For NEW RELEASE ANNOUNCEMENTS and other news
always check
> > > DEVLOG:
> > > > > > > http://www.amibroker.com/devlog/
> > > > > > >
> > > > > > > For other support material please check
also:
> > > > > > > http://www.amibroker.com/support.html
> > > > > > > Yahoo! Groups Links
> > > > > > >
> > > > > > >
> > > > > > >
> > > > > >
> > > > >
> > > > >
> > > > >
> > > > > ------------------------------------
> > > > >
> > > > > Please note that this group is for discussion between
users
> only.
> > > > >
> > > > > To get support from AmiBroker please send an e-mail
directly
> to
> > > > > SUPPORT {at} amibroker.com
> > > > >
> > > > > For NEW RELEASE ANNOUNCEMENTS and other news always
check
> DEVLOG:
> > > > > http://www.amibroker.com/devlog/
> > > > >
> > > > > For other support material please check also:
> > > > > http://www.amibroker.com/support.html
> > > > > Yahoo! Groups Links
> > > > >
> > > > >
> > > > >
> > > > >
> > > >
> > >
> >
>