I have decided to share with you all an update to my correlation matrix for the end of the 2009 year. It is based off continuous contracts and the daily settlement prices over the last 12 months. There are bound to be some numbers that shock some.
Good trading and may all your trades have fat tails and flat distributions
Concept of an Anchor Chart is to combine multiple time frames into one chart.
This blog post is to:
1. Give a free open source version of the TTM Anchor Charts for Time and Tick and
2. How-to install them.
There are two versions for MultiCharts and for TradeStation all of which were sourced freely from open forums no copyright infringements.
Now download the MC version or the TS version which ever is your preferred platform it is a zip file as it has the additional software ADE and TZU code needed to set it all up.
Lets Deal with MC first, the following series of screen shots is to give you an idea of how it works.
Step 1: install all the downloaded code. Make sure to compile all the code as you install it. You will install ADE, ELC, TZU, TTM Anchors Time and TTM Anchors Ticks.
Step2: read the installation process for ELC and ADE move the appropriate text files to there respective directories. ie that the ADE text file “OHLCV” is moved to the “c:\ADE\Classes” and that the “ADE Generate Class.mex” is in the MC program folder. Also need to make sure that ELCollections.dll’s are moved or in the right place ie. in the Program folder of Multicharts.
Step3: follow the attached screen shots. You can cheat and just open the work spaces now and they should all load properly after the data has been downloaded. However, that takes all the sport out of it. So try and build the setup from scratch by opening the 4 subcharts and 1 main Anchor chart… ie 5min, 5min, 15min, 30min, 60min… and now follow these picture steps.
Now Insert the “TTM Trend Anchor Time” indicator into the Anchor chart looks like this
Now you should get something like this. You have Anchor Charts for Time Series on MC! You can now minimize the the sub charts and just look at the Anchor Chart.
The process of Tick anchors is very similar in the setup but on each subchart there is different hidden indicators. See the following screen shots.
This an extremely important step for you to check that when you load the sub charts that you have the “ADE TickBart” file and not the “ADE TickBarV” file else you will get errors as the subchart won’t collect volume data on a tick chart.
You should end up with something like this on Multicharts
Enjoy Anchors on MC!
Now Lets tackle TS and install Anchor charts for the Trade Station now that you have downloaded the TS zip file with all the required moving parts to load Anchors it is identical in procedure as Multicharts so make sure you install all the ADE and ELC and TZS first like in steps 1 and 2 for MCs. Here are the TS screen shots to walk through the installation.
Anchors for Time Charts.
Now lets look to insert the PaintBar “TTMpb Anchors Time” into the Anchor Chart.
Voila! Anchor Charts on Trade Station! Free
Now lets setup Tick Charts with Anchors Lets insert the indicators !TZS and TSU Save OHLCV ( remember to check that the file is “ADE.TickBarT”. Looks like the screen shot below.
Now lets insert the PaintBar into the Anchor Tick Chart….
Voila! Anchor Tick Charts in Trade Station.
Enjoy your Anchor Charts on the Holidays!
Good Trading and May all your trades have fat tails and flat distributions
Yes we have seen last week 5 Lower POC’s on the Market Profile Yes this is a down trend in formation. General Rule is three lower or high POC’s to say a trend forming.
Also watch for the unfilled gaps on the way down. The Ambush zone is 1068.75 to 1058.50.
Good Trading and may all your trades have fat tails and flat distributions
With 1103.25 the High so far for 2009 if we drop some fibs on the chart from our 1026 swing low to our highs then we can get some idea of levels to watch. Interesting is the mid on this move is 1064.75 which is in close to the 1066.25 unfilled gap magnet. Then on the upside confluence zone to watch:
1. the 23.6 extension on this move 1122.25
2. the mid on the move from 1590.25 to 654 is 1121.50
3. the Yearly R2 at 1120.50 which is not drawn on this chart but refer here.
So I am going to be watching these levels in the coming days and weeks.
Yes the commodity currencies are the ones that will fair the best as the USD undergoes some wholesale devaluation. Why the AUD? Simply:
1. Australian economy faired well in this most recent world recession.
2. Gold as the price of gold marches on so too will the AUD
3. Commodities and Metals continue to be demanded by China so too will the AUD push higher.
The short is don’t get caught short the AUD. This attached chart highlights that the next level of resistance to the AUDUSD pair is 09550’s which is the 61.8 fibonacci extension and we may see a test to the July 08 highs which is the 76.4% extension on that 0.6244 to 0.8285 move.
This is the weekly chart of the EURUSD which seems to be respecting the Yearly Pivots. We bounced off YR S1 and then bounced off the Yearly Pivot which was also the 38.2% Fib retracement before resuming the uptrend. Today we broke out of that 2 week sideways range (1.4200 to 1.4400) to see a continuation of the uptrend.
Next target if the uptrend continues would be the 1.4702 - previous highs 1.4720’s and then we could likely set up for a test to R1 1.5083. Traders this is the macro view.
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