Read (or re-read) chapter 5 of West Jackson.  It tells what it is all about, and
in my opinion is one of the best bits of writing by Pete.  Excellent.

Just a note...coffee gave an excellent opportunity <br>using 32 to have been
long for this move.

Brandonbuttler_2000<br>I like the idea of uplift
as Pete refers to it and I like the idea of trading
more markets. The Quicken spreadsheet<br>is good,
however I have noticed that a lot of the time most of the
move is over by the time it makes one of the<br>better
movers on the spreadsheet (does that sound right?) Even
with all the tools that we have. I have not
yet<br>been able to increase the number of different
contracts. The original search facility Pete has on Cap 32
is good<br>but unfortunately does not include all
the tools we have now. Maybe there is a new search
facility in the offing. <br>This would be a great help in
trading more markets. Let me also answer your comment to
doublecheese about<br>the virtues of Capflow 32. It is good,
however when you refer to two blues or a red on the
extreme are good<br>indicators (which I agree they are) I
keep in mind with just a few adjustments I can make
the blues and reds a different color which would
change the outcome. I know he wants to allow everyone to
play there own game, I would like a little less
interpretation which might allow me to let the market be the
guiding force rather than me. Capflow 3.7 seems to have a
little less, I hope he combines these together as has
indicated.

Looks like the same trade as USZ9 was is now occurring in the S&P.

Fos,<br><br>Sorry I didn't get back to you. I
meant to answer your question and just forgot about it.
You do make a good point about once a day. I think we
need to keep in mind that by taking these trades, not
all will pan out. However, you will catch some of
them that move really well, and those that don't will
give you time to get out because you have the original
direction on your side and it will take alot to make it go
against you in the short term. Specifically, the settings
are 13,14,15, I split it at 17 and 9, and the page 2
marks were 98 and 50. These are just relative, so
others work in a shorter or longer time frame. I think
your numbers are changing because when you update,
your last unit hasn't been completed, and the next
time you do this you complete the unit and change
everything. Somebody might say different, but I'm pretty sure
this is what it is.<br><br>By the way, the same trade
is now occurring in the S&P.

Brandonbuttler,<br>I think my note to you slipped
behind the list. Press on view all to see all the
messages. I have posted it again here. Let me know what you
think.<br><br>Your observations are very astute. I am a part time
trader and only able to update at night. If I had
discovered the trade you described and could have read it as
you did, I still would have only been able to confirm
the failure trade for sure on 11/7 and have been able
to execute below this area on 11/17 at 113^20 which
may be too late, time will tell. The first sign of
Vol$ slowing down shows up on 11/15 and is confirmed
on 11/16. At this point it appears that volume is
down but price and direction is lacking, and I could
not confirm price, volume and direction 11/17.
<br><br>I am not questioning your observations but the
timing for me seems to make a lot of the trades from the
vol$ indicator marginal. As I said above time will
tell. I don't mean for this to sound like Steidlmayer's
story about the trader who asked him how he felt about
beans and when he told him the trader argued with him.
Steidlmayer replied "you asked for my opinion I did not ask
for yours".<br><br>What are the settings you used on
USZ9 and did you look at this on a daily basis rather
than a split? <br><br> As an aside I have noticed that
all the volume $ numbers change every time the prices
are updated. I know the numbers are still relative,
but the volume doesn't change so why does the vol$?
If I am not mistaken the % indicators, blue and red,
also change which is confusing.

If Pete is reading all of our posts, he is
probably cringing. Remember what we need to be trading
now... not specific markets but DIRECTION. I think what
we are doing here can be used in this direction. See
how direction is derived from the volume dollars and
start to apply it to more markets. Trying to trade one
or two markets all of the time is not what the end
goal is, because a certain market does not move
directionally all of the time. That is why a higher number of
markets has to be watched.

I came to the same interpretation looking at the
volume dollars...this thing is going up with NO
buying!!!!<br><br>I think your observation just goes back to what
Pete says...the DBC is too fragmented. 32 is a much
better tool, but 3.72 is good when coupled with 32.

When I looked at CDZ9 on 32, it showed two blues
at the same price level. I think this shows how the
DBC isn't quite the tool that 32 is. The best thing
that will happen is when we get volume for all
commodities.<br><br>One thing you can draw from all of this is that the
two programs complement each other very well. Take
the trade if the market moves above the blues.

One more thing, with CDZ9 i looked at the
software and did not have the same signals as you. Im not
sure what to do with it but i noticed that its down
like 15 or 20. It seems like this contract follows the
spus pretty closely.

Fossick_2000<br> Reading your reply reminds me of
a conversation that I had with a freind of mine
about this software. It is excellent software, but the
signals can be open to much interpretation. He said its
like looking at a painting, everyone sees something
different. <br> As for my settings and what not, I am away
from my computer at the moment, but in general when
setting up the dbc, i like to go back in the contract to
where there is a normal profile and use that for my
starting point. this is usually several months back. Next
when it says the number of periods, i like to set this
to higher numbers than 3, usually 4 or 5. As for the
interpretations, I generally look only at the first four columns
and am looking for zeros in either the buy or the
sell columns. <br> For example, recently, the SPZ9
contract has had zeros in just the sell columns. It was
close to contract highs but was unable to penetrate
them. Then the column "closed up" or selling emerged,
so I sold spus. Coincidently nearly the same setup
emerged in the DXZ9 contract. <br> So, when I look at the
bonds which are trending down and have selling, the yen
which is rising and pushing down the dollar, crude oil
at contract highs and the spus not able to break
into new highs with the signal from the dbc to sell
them, the trade is SCREAMING a sell of SPZ9.<br> I
could be wrong so I set a reasonably tight stop around
1445 and wait to see what happens.<br> By the way, the
best trade signals from this system seem to work right
away. I have found if they go against me quickly or
stay the same for several days, the trade isn't good
and i have to get out.

Buying has come into the icon report where there were zeros's across the board
since the 15th.  Food for thought!!!

g_kummel <br>I noticed that the chat room
indicates the name of one person who entered, shows 4
visitors and 47 viewers. When the room is opened there
isn't anything written. Is this exchange not archived
or is there not anything written yet?

Again thanks for your observations. I can see the
zeros on the selling side from the11/1 to 11/10 with
some slight selling picking up on the 11th (6 in the
DnA6 column)while there is still significant buying
indicated. The selling picked up more on 11/18 with DnA6
indicating 5 and DnR6 indicating 27 the buying did reduce
slightly. <br><br>I looked at this with the Icon 1 %
report. There must be a difference in how our system is
set up. Please tell me how you have the dbc set up so
I can see if I can duplicate your observations. Are
you looking for zeros in all four columns, both
buying and selling columns or in just the selling
columns. Also I just look at the first four<br>columns. I
think the first four from the left represent something
like 60 time periods<br>back and the four columns
represent 30 time periods but these are the 30 time
periods<br>that are the oldest not the latest. Would you
straighten me out on all this.

Your observations are very astute. I am a part
time trader and only able to up date at<br>night. If I
had of discovered the trade you described and could
have read it as you did,<br>I still would have only
been able to confirm the failure trade for sure on
11/7 and have <br>able to executed below this area on
11/17 at 113^20 which may be too late, time
will<br>tell. The first sign of Vol$ slowing down shows up on
11/15 and is confirmed on<br>11/16. At this point it
appears that volume is down but price and direction is
lacking.<br>and I could not confirm price, volume and direction
11/17. <br><br> Maybe I just haven't developed a proper
trading system. I am not questioning your observations
but the timing for me seems to make a lot of the
trades marginal on a profit basis, as I said above time
will tell. I don't mean for this to sound like
Steidlmayer's story about the trader that asked him how he felt
about beans and when<br>he told him the trader argued
with him. Steidlmayer replied "you asked for my
opinion<br>I did not ask for yours".<br><br>What are the
settings you used on USZ9 and did you look at this on a
daily basis rather<br>than a split? <br><br>As an aside
I have noticed that all the volume $ numbers change
every time the prices<br>are updated. I know the
numbers are still relative but, the volume doesn't change
so<br>why does the vol$? If I am not mistaken the %
indicators blue and red also change<br>which is confusing.

CDZ9 is showing all zero's in the dbc...precursor for a large move to come.

To interpret volume$, just remember that in order
to have a successful trade, price, volume and
direction must be on our side. This is what volume $ show.
I don't know what the algorithm shows but common
sense says that if the price, volume and direction are
on our side, volume $ will be increasing.
<br><br>When applying this to bonds, I did the following: If
you look at the equity/volume$ grid, look at how this
recent upmove started near the quantity of zero on or
around 11/1. It had a huge increase in the volume $
amount from the first to the second. I used this as my
base to work from as this was representing a starting
point. (Also, setting the change threshold at 80% shows
that the 1st was where buying started to come in,
shown by the blue bars). Now, jumping forward to the
16th, the market moves below this amount on the volume
$. This is where I sold. Keeping the change
threshold at 80% also shows that this is the first time
selling came in, and it came in quite
strongly.<br><br>From a strictly visual standpoint, consider how the
market shows all colored dots (horizontalness) from the
7th to the 10th. The market then moves above this
area, and leaves all lines (less of a horizontal
inclination and more of a vertical one) from the 12th to the
16th. Also on the 16th, the market moves above this
range created by the lines, but quickly breaks
underneath it, and also below the range created by the dots
on the 7th to the 10th. This shows a classic failure
trade. <br><br>Just as an aside, using the high volume
periods on 32, it shows a high amount of volume occurred
on this break. <br><br>I know that this may be a bit
new, but if you have any specific questions just ask.
I don't know if I explained myself well enough
here.

I like to look at the zero lines page on the dbc
and set it up for longer term intervals. it seems to
show where the market is at an unstable point. either
it will blast through and continue in that
direction, which is what often happens in currencies, or
that will be the short term top or bottom of the
market. USZ got a line of zeros on 11/9 with my settings.
The next few days continued with zeros but on the
15th at the end of the day small selling emerged. So
the opening of the 16th was the time to sell. The
opening prices were between 115.00 and 115.05 so if you
sold there with a 116 stop, you would have done all
right. You would have felt some heat right after the fed
announcement, but you know the trade would be great when it
quicly went back down. If you were really aggressive,
you would have wanted to add more on.<br>This type of
trade seems to work well with physical commodities, and
stocks. Bonds and currencies need some more attention
because they trend more and can really blow you up if
your stops are too wide. <br>Right now i am looking at
coffee and crude. Coffee just behaved in the same way,
and i am looking for the same setup to sell
crude.<br>I could talk about this stuff forever, but if you
want to hear more, email me.

Glad to see that we've generated a little
interest here!!! Regarding USZ9, I am going to be away
from the computer today (Saturday) but will be back
Sunday. I'll give an explanation of why the trade was
good. Also, you could look at the stock 'F'. It has a
similar setup using the volume $'s. Sorry I can't get to
it today, but I'm going to a football game. Have a
great weekend!!!!

Brandonbutler, looks like you nailed USZ9. I
noticed that the volume $ had been the same for 6 days,
even though there was no excess indicated on my
machine. I assumed you read this as a price control or
balance, followed by two days of<br>negative vol. $. With
my time constraints and inexperience I find it hard
to follow a lot of markets. I think this is the
first time I have seen more than two days with the same
vol. $. How often have you seen this? If you were
taking this trade did you consider any other indicators?
If you will give a little more discussion<br>about
your arriving at the conclusion that USZ9 was a good
short.<br>Sorry about the double post- a little new at this.

doublecheese - If you also would give some more
of your thinking how you arrived at a short from the
dbc. Did you use the report page, which although I see
the point I have a hard time finding opportunities
with the zeros (one sided trade) or did you find this
with other indicators on the dbc?

Brandonbutler, looks like you nailed USZ9. I
noticed that the volume $ had been the same for 6 days,
even though there was no excess indicated on my
machine. I assumed you read this as a price control or
balance, followed by two days of<br>negative vol. $. With
my time constraints and inexperience I find it hard
to follow a lot of markets. I think this is the
first time I have seen more than two days with the same
vol. $. How often have you seen this? If you were
taking this trade did you consider any other indicators?
If you will give a little more discussion<br>about
your arriving at the conclusion that USZ9 was a good
short.

Ive liked being short bonds for several days now based on the dbc in capflow
3.71.  Ive found that to be the most helpful for me, Im not too sure how to
properly interperate the volume dollars.

Looks like the volume dollars are showing USZ9 as being at the verge of a good
short as of Wed. the 17th @ noon.  Anybody have anything to add to this?

I notice that the number of hits here is high,
but nobody seems to be having any discussions. We
need to get this ball rolling!!! I am open to
discussing markets and setups anytime after 8:30 p.m.
central U.S. time. Why don't the rest of you post times
and dates, and lets see if we can have a group
discussion or one on ones!!<br><br>Brandon Butler

I should have clarified: I mean products in the
sense of various contracts/stocks/options that we put
together in groups, or certain trade setups that we
validate with both programs. I only use Capflow 3.71 and
Capflow 32... I don't think there is any need for
anything else!!!!

interested only in conection with "capflow"

Is anyone interested in a website that follows
various markets and products on a daily basis? If so,
contact me at blb570@.... I am seeing how much
interest there would be in a website of this type. Let me
know!!!<br><br>Thanks!<br><br>Brandon Butler

The next class for software subscribers will be
held in Chicago on Sunday, December 12th, 1999. Please
note that this is a Sunday - other commitments
prevented holding the class on the usual Saturday without
postponing it until February.. An announcement will be
mailed to current subscribers approximately one month
before the event. The class will be held at DePaul
University, 1 East Jackson Blvd., Room 8005. That's at the SE
Corner of Jackson and State in Downtown Chicago.

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