NexusFi: Find Your Edge


Home Menu

 





Steidlmayer's Market Profile Evolves: Volume Strips


Discussion in Traders Hideout

Updated
      Top Posters
    1. looks_one omni72 with 8 posts (26 thanks)
    2. looks_two Nicolas11 with 7 posts (20 thanks)
    3. looks_3 zer0 with 5 posts (33 thanks)
    4. looks_4 Big Mike with 4 posts (12 thanks)
      Best Posters
    1. looks_one tigertrader with 18 thanks per post
    2. looks_two zer0 with 6.6 thanks per post
    3. looks_3 omni72 with 3.3 thanks per post
    4. looks_4 Nicolas11 with 2.9 thanks per post
    1. trending_up 75,701 views
    2. thumb_up 160 thanks given
    3. group 55 followers
    1. forum 63 posts
    2. attach_file 7 attachments




 
Search this Thread

Steidlmayer's Market Profile Evolves: Volume Strips

  #1 (permalink)
 
tigertrader's Avatar
 tigertrader 
Philly, Pa
Legendary Market Wizard
 
Experience: Master
Platform: NinjaTrader
Trading: ES, ZB
Posts: 6,482 since Jul 2010
Thanks Given: 6,662
Thanks Received: 36,257

In response to changing market conditions, Pete Steidlmayer has developed a new method to analyze the markets. Steidlmayer presents his recent research discussing the importance of understanding how price and volume databases as tools for market analysis have changed with the advent of electronic trading, and how these changes effect trading methodology. Pete himself, admits that the Market Profile legacy analysis of price and time has changed, and is not as effective as it was in the past.

Pete's new method is called Volume Strips, developed in response to changes in order flow, due to electronic trading, HFTs, algos, etc.

https://www.cmegroup.com/education/steidlmayer-volume-strips-video.html

"Volume Strips" is available, however, you have to be using CTS to use them. You have to go through Steven Hawkins, ( Pete's associate), to get set up.

Steven Hawkin's contact info:

[email protected]

# 312.360.9466

CTS Futures contact info:

Tim Dare

c-773 653 1423
w- 312 447 5416

http://cts.sim.t4login.com/register/

[email protected]
www.ctsfutures.com

The volume strip application currently interfaces with T4(will be adding TT by the end of the year). Currently the annual lease is $350(will be going up in the future I believe) which can be paid via paypal or a credit card. There isn't much educational material (1 document covering key strokes of vol. strip and one document going over some of the theory), observation and self discovery will be your path to success. They don't offer any trials or an interface for sim trading.

Follow me on Twitter Started this thread Reply With Quote

Can you help answer these questions
from other members on NexusFi?
Exit Strategy
NinjaTrader
Deepmoney LLM
Elite Quantitative GenAI/LLM
Futures True Range Report
The Elite Circle
ZombieSqueeze
Platforms and Indicators
NexusFi Journal Challenge - April 2024
Feedback and Announcements
 
Best Threads (Most Thanked)
in the last 7 days on NexusFi
Get funded firms 2023/2024 - Any recommendations or word …
61 thanks
Funded Trader platforms
39 thanks
NexusFi site changelog and issues/problem reporting
26 thanks
The Program
18 thanks
GFIs1 1 DAX trade per day journal
18 thanks
  #3 (permalink)
 
kbit's Avatar
 kbit 
Aurora, Il USA
 
Experience: Advanced
Platform: TradeStation
Trading: futures
Posts: 5,854 since Nov 2010
Thanks Given: 3,295
Thanks Received: 3,364


Thanks TT, there is some discussion of that in this thread as well:

Reply With Quote
  #4 (permalink)
 
bluemele's Avatar
 bluemele 
Honolulu, Hawaii
 
Experience: Intermediate
Platform: NinjaTrader
Broker: ATC/TT, AMP/Zen-Fire, AMP/CQG
Trading: TF
Posts: 2,543 since Jun 2010
Thanks Given: 3,803
Thanks Received: 2,842

Great, now I will finally make my billions! wooohooo!!! Just need to sign up! haha...

Interesting how 'edges' change.

Visit my NexusFi Trade Journal Reply With Quote
  #5 (permalink)
 
zer0's Avatar
 zer0 
Chicago, IL/USA
 
Experience: Advanced
Platform: CTS T4/Sierra Chart
Trading: Futures
Posts: 139 since Jun 2011
Thanks Given: 49
Thanks Received: 205

Some things can't change, namely market character-based methodologies. That is, there are some things so fundamental to what markets are that they are existential (they will always work). Sadly, very few understand this.

'Edges' are things you can fall off of


bluemele View Post
Great, now I will finally make my billions! wooohooo!!! Just need to sign up! haha...

Interesting how 'edges' change.


Reply With Quote
  #6 (permalink)
 
Big Mike's Avatar
 Big Mike 
Manta, Ecuador
Site Administrator
Developer
Swing Trader
 
Experience: Advanced
Platform: Custom solution
Broker: IBKR
Trading: Stocks & Futures
Frequency: Every few days
Duration: Weeks
Posts: 50,396 since Jun 2009
Thanks Given: 33,172
Thanks Received: 101,536

Can you post some screen shots of these in action?

Mike

We're here to help: just ask the community or contact our Help Desk

Quick Links: Change your Username or Register as a Vendor
Searching for trading reviews? Review this list
Lifetime Elite Membership: Sign-up for only $149 USD
Exclusive money saving offers from our Site Sponsors: Browse Offers
Report problems with the site: Using the NexusFi changelog thread
Follow me on Twitter Visit my NexusFi Trade Journal Reply With Quote
  #7 (permalink)
 
Cashish's Avatar
 Cashish 
Miami FL USA
 
Experience: Advanced
Platform: Ensign 10, NT7 DOM
Broker: IB, IQ
Trading: Currency Futures
Posts: 802 since May 2011
Thanks Given: 811
Thanks Received: 2,102

"Steidlmayer's Market Profile Evolves: Volume Strips"

I think J.P. Steidlmayer has evolved more than Market Profile. Being in the thick of things (Chicago Board of Trade member for over 40 years) and knowing what changes may be in the pipeline, in how the exchange(s) handle the data, might give a guy a little more lead-time to come up with Avant-garde techniques.

From what was allowed to "leak out" on Volume Strips since last summer to date, I don't see anything new. The best I can ascertain is, J.P. Steidlmayer may believe he has found a way to trade the jack rabbiting peak volume prices (PVP) or points of control (POC) of his Market Profile or the generic price/volume histogram consistently on an intra-day basis. If he has, he will indeed receive my respect, although I will refrain from dancing in the street until "the book" is published.

There are many questions floating around the web about Steidlmayer's Volume Strips and very few answers, I for one would like to see someone actually post a screen shot of one of these mysterious strips. I'm beginning to believe I may see a bigfoot walk across my back yard before I see an elusive Steidlmayer's Volume Strip posted on the web.

Visit my NexusFi Trade Journal Reply With Quote
Thanked by:
  #8 (permalink)
 
zer0's Avatar
 zer0 
Chicago, IL/USA
 
Experience: Advanced
Platform: CTS T4/Sierra Chart
Trading: Futures
Posts: 139 since Jun 2011
Thanks Given: 49
Thanks Received: 205

A screen of one mysterious Volume Strip.


Big Mike View Post
Can you post some screen shots of these in action?

Mike


Attached Thumbnails
Click image for larger version

Name:	VS2.png
Views:	2232
Size:	47.7 KB
ID:	53409  
Reply With Quote
  #9 (permalink)
 
Cashish's Avatar
 Cashish 
Miami FL USA
 
Experience: Advanced
Platform: Ensign 10, NT7 DOM
Broker: IB, IQ
Trading: Currency Futures
Posts: 802 since May 2011
Thanks Given: 811
Thanks Received: 2,102

@zer0

Wouldn't you know it, all in the same day!!!

Attached Thumbnails
Click image for larger version

Name:	bigfoot.jpg
Views:	475
Size:	15.5 KB
ID:	53414  
Visit my NexusFi Trade Journal Reply With Quote
Thanked by:
  #10 (permalink)
 
Cashish's Avatar
 Cashish 
Miami FL USA
 
Experience: Advanced
Platform: Ensign 10, NT7 DOM
Broker: IB, IQ
Trading: Currency Futures
Posts: 802 since May 2011
Thanks Given: 811
Thanks Received: 2,102



zer0 View Post
A screen of one mysterious Volume Strip.

All fun aside, Thanks zer0 for posting the Volume Strip.

My minimal understanding of the Volume Strip is, it's a front-end application that allows a trader to trade predefined/user defined volume levels rather than price levels, with a simple click or two of a mouse. A crude example may be, submit an order to initiate a long position on an already know and charted PVP or POC (with volume of 5000 contracts) on a price histogram that was generated from the start of ET Session (note: price is "unimportant") and at the same time enter a sell order to close the long position at any price >(N) (note: price is "unimportant") when the volume exceeds 5000 contracts (next PVP/POC).

To do this, a trader must step outside the price chart and think of the market only as a volume on price histogram or something similar (not necessarily Market Profile) and devise methods of ascertaining movements of volume or maybe better put "areas" where new volume will enter the market and create a new high volume area, PVP/POC. I believe Steidlmayer's expression "the size/scope is huge" comes from his vision of converting legions of traders to think outside the price chart and get on board with his Volume Strip pasted on desktops around the world.

I think it's great!

Visit my NexusFi Trade Journal Reply With Quote




Last Updated on November 28, 2020


© 2024 NexusFi™, s.a., All Rights Reserved.
Av Ricardo J. Alfaro, Century Tower, Panama City, Panama, Ph: +507 833-9432 (Panama and Intl), +1 888-312-3001 (USA and Canada)
All information is for educational use only and is not investment advice. There is a substantial risk of loss in trading commodity futures, stocks, options and foreign exchange products. Past performance is not indicative of future results.
About Us - Contact Us - Site Rules, Acceptable Use, and Terms and Conditions - Privacy Policy - Downloads - Top
no new posts