Formalising common approaches to trading - page 30
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On the topic, we should keep a chart or a table, we need a tree! Gradually filling in/correcting it as we go along.
We could start like this
Maybe replace internal and external factors with TA and FA? Or define the composition of internal and external factors, because it is not clear who means what based on our activities.
Yeah, that's roughly how I started out with the schematic
Yes, that's right, the second version of your circuit is just right!
For example, it's worth discussing the basis behind the levels - horizontal and sloping. We should also discuss the channels formed by them. Behind them is that elementary basis in the form of the formation of liquidity zones.
In my opinion, the horizontal local level is the liquidity zone and other things attributed to it, it has its own rules. But the inclined one is a level of horizontal levels and there are other considerations in its formation.
There was a discussion about inclined levels here, after which Neo did not write any more
But you posted there too, so you know :)
there was a discussion about inclined levels here, after which Neo did not post any more
But you posted there too, so you know :)
Since we are talking about formalisation and basics, I would like to clarify one important thing. The principle of organization of trading on the exchange. So as not to make things up and not to get bogged down in arguments, I will refer to the Reuters methodology in this matter.
There are two principally different approaches to exchange organization. These are the basic principles, but there are some transitional types and other small things.
There are exchanges organized like the NASDAQ and like the NYSE. Nazhdak is a quotation-based exchange. Each symbol traded on the emery has a market maker (sometimes many of them). It puts its quotations into the general information system, at once to buy and to sell. You cannot go in there and put your own quote. And there is a system organised on the basis of orders, just like on nais. It's basically an auction. On every paper on the nais there is a specialist who has to maintain that paper, but his functions are not the same as mm on the emery. There are of course, judging from the literature (this is the only source of knowledge about these dark forces of the stock exchange, none of us have worked as an mm or specialist ;), many things in common, but there is also a difference. Sometimes taking into account the specific behaviours of an MM or a specialist allows you to build some strategies.
Since we are talking about formalisation and basics, I would like to clarify one important thing. The principle of organization of trading on the exchange. So as not to make things up and not to get bogged down in arguments, I will refer to the Reuters methodology in this matter.
There are two principally different approaches to exchange organization. These are the basic principles, but there are some transitional types and other small things.
There are exchanges organized like the NASDAQ and like the NYSE. Nazhdak is a quotation-based exchange. Each symbol traded on the emery has a market maker (sometimes many of them). It puts its quotations into the general information system, at once to buy and to sell. You cannot go in there and put your own quote. And there is a system organised on the basis of orders, just like on nais. It's basically an auction. On every paper on the nais there is a specialist who has to maintain that paper, but his functions are not the same as mm on the emery. There are of course, judging from the literature (this is the only source of knowledge about these dark forces of the stock exchange, none of us have worked as an mm or specialist ;), many things in common, but there is also a difference. Sometimes taking into account the specific behaviours of an MM or a specialist allows you to build some strategies.
Define the concepts of NASDAQ...:-))) and NASDAQ - they are slightly different things.
In my opinion, the horizontal local level is the liquidity zone and everything else attributed to it, it has its own rules. But a sloping one is a level of horizontal levels, and there are other considerations for its formation.