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[amibroker] Re: Anyone actually making money?



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Thanks Bill,

That puts it in perspective.

Of course I have thoght about T&S and DOM but I figured they would be 
best played by programmer traders (because of the speed) and that 
most likely there would be a lot of noise (things like order changing 
cancelling etc not to mention that new orders can jump in at the 
bid/ask from out of no where.

I am comfortable with a range of styles but chart trading/price 
action is where I hit the sweet spot.

brian_z



--- In amibroker@xxxxxxxxxxxxxxx, "bilbo0211" <wjdandreta@xxx> wrote:
>
> Hey Brian,
> 
> The term tape reading comes from the olden days when stock
> transactions were printed on a ticker tape and traders would watch 
the
> tape and and make trades based on what they saw.
> 
> Today there are 3 things that are comparable to tape reading:
> 
> Time and Sales reading is probably the closest.
> 
> There is reading the DOM (Depth Of Market, also called the order 
book)
> and chart reading (also called Price Action).
> 
> Volume Spread Analysis that the OP mentioned is a form of chart
> reading that incorporates volume.
> 
> Bill
> --- In amibroker@xxxxxxxxxxxxxxx, "brian_z111" <brian_z111@> wrote:
> >
> > Hello Sidhartha,
> > 
> > > learn everything you can
> > > about the old tape reading skills
> > 
> > I've seen the term used in books.
> > How does it relate to trading now?
> > Whats the technique?
> > 
> > brian_z
> > 
> > --- In amibroker@xxxxxxxxxxxxxxx, "sidhartha70" <sidhartha70@> 
> > wrote:
> > >
> > > Louis,
> > > 
> > > Here's my tip... worth it's weight in gold. I've been doing 
this 
> > for a
> > > long time...
> > > 
> > > Stop looking for the holy grail system... learn everything you 
can
> > > about trendlines, support & resistance and the old tape reading 
> > skills
> > > and you will be miles ahead of 'system developers' in terms of
> > > actually understanding the markets and becoming a better trader.
> > > 
> > > Too many people spend far too much time trying to develop 
a 'system'
> > > rather than becoming a better trader.
> > > 
> > > --- In amibroker@xxxxxxxxxxxxxxx, "Louis P." <rockprog80@> 
wrote:
> > > >
> > > > Hi,
> > > > 
> > > > I was only wondering...  Anyone actually making money or 
making a 
> > living
> > > > with AB and trading?
> > > > 
> > > > I've been working on ideas and plans for over 7 months now and
> > > didn't find
> > > > anything convincing yet.  I've been searching daily data, 
then 
> > hourly,
> > > > 15-minute and now I am into 1-minute data and nothing seems 
> > satisfying.
> > > > Been searching RSI, MFI, ADX, MA, HHV, LLV... nothing seems 
to 
> > work.
> > > > 
> > > > So... Anyone is making consistent money with this, and if so, 
at 
> > which
> > > > timeframe and how do you do it?
> > > > 
> > > > I'm beginning to think about switching to tick database; it 
seems 
> > even
> > > > 1-minute is too slow for intraday trading.  Anyone making 
money 
> > with
> > > > 1-minute?
> > > > 
> > > > Thanks,
> > > > 
> > > > Louis
> > > >
> > >
> >
>



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