camron.systems.australia section 27 of 30|
• behavioural analysis 1990 • non-charting market-internals • intra-day tick-data replay system 1992 • hit-side concepts 1993 • publication of the significance of large numbers in futures trading • introduction of software highlighting commercial sized trades • commercial tick size filters • publication of observations of pre-open session behaviour • publication of how pre-open behaviour is used • introduction of software applying pre-open behaviour • dgas trades - the market drivers - we invented the phrase • introduced software identifying dgas trades • skyscraper orders - we invented the phrase • measuring supply and demand in electronic markets • defragmentation of course of sales • comprehensive web-site of trading components. • client-side bulletins explain how algorithms behave. • timing effect when hedge-fund index robots rebalance 2007 • sweep trades drive the market - a symptom of icebergs 2008 |
a brief history1991Q10 analysis engine released, In the 1990's when charting reigned supreme, we were one of the few, if not the first to release systems based on market internals, behavioural and numerical analysis. We have continued to evolve these methods. Today we still lead, coming into fashion as charting systems falter. Our methods are now being copied by others.In the 1990's there were 4 premier products. Metastock, Supercharts, Tradestation and Fibonacci Trader. Now in 2008 they've almost gone. charting has become devalued due to the enormous volume of offerings. They cant give them away now. see available list of cheap charting software. In 2003, in section 1, the observation each new "discovery" proves the previous ones wrong, is coming true. If Tradestation and Supercharts lasted only 10 years, the methods "weren't" right. 1993Trade classification.Q30 software release including hit side analysis for first time. 1994Q37 software release includesTony Carew, a professional blackjack player advised the importance of the larger size trades over small trades. Commercial trades identified and incorporated into Q37 analysis engine in 1995. Classification of commercial activity released 1996 1997Q37 software upgraded to Q84 release includesMeasurement of supply and demand, buying and selling, based on hit side analysis. Forerunner of dimension3 released. 2001pre-openpre-market behaviour of spi200 first observed, and reported in 2001. For the world to see. Now, in 2008, seven years later, search Google for "preopen spi200". No-one else mentions it. defragmentation Fragmentation started in 2000 with electronic trading. ASX and SFE data specifications don't disclose it. First observed in 2001. We reported these observations in 2001. Into the public domain. For the world to see. Search the web for "defragmentation spi200" or "fragmentation spi200". Nothing. Seven years later, we are still the only site. No-one else bothers about it. 2002Q84 analysis engine upgrade includes defragmentation algorithm.www.línnsoft.com introduce charting bid/ask display system Dílernia-www.datafëëds.com.au appears as a data vendor. 2003Introduction of camron.dgas trades as drivers of the market.camron.Dimension3 released. Market-Dëltä registered November 2003. First release of bid/ask Footprint sytem. Dílernia-www.datafëëds.com.au still a data supplier After examining our site, Dílernia-www.datafëëds.com.au approach us promoting their e-book on technical analysis. In 2005, two years later, www.datafëëds.com.au emerges as a trading system vendor, based on original e-book, now expanded, including principles that appear familiar. 2004In 2004 we contacted Steenbarger about camron.systems methods, who wrote three articles about camron systems and "commercial activity", subsequently advocating "commercial size" as a critical issue.Steenbarger's colleague Market-Dëltä releases Footprint system update with lot-size filters. Market-Dëltä adopts línnsoft.com data engine. November 2004 www.datafëëds.com.au unveil their AMT trading system. 2005Dílernia promotes R22 R44 R88 range method. A camron component look-alike from 2003.Steenbarger now emphasises "lot size" as a critical issue. An early client contacts their US data vendor requesting inclusion of pre-open match prices. US data-vendor complies, trading platform now displays pre-open match prices graphically. 2007Steenbarger embraces volume and "lot size" as a standard theme.Data loads surge. US data vendors pre-process data streams. Up to 20+% of trades are dropped (not transmitted). Curiously the discrepancies are classified as in-between trades or collision trades. Market-Dëltä "announces" New Footprint, Delta-Percent. A copy of camron's original design presentation". Market-Dëltä "announces" new Periodicity feature, with the claim "This is totally unique to Market-Dëltä". Not so. It's an original 2001 Camron-Dimension3 design concept. 2008It is now commonly accepted that "lot-size" is critical. Then de-fragmentation must be equally critical. We are still the only site dealing with it and offering de-fragmentation solutions. Many data vendors pre-process data feeds, dropping packets of data deemed un-necessary. Fragmentation and de-fragmentation requires an in-depth knowledge of data transmission at the "packet" level. It appears many data-vendors are just that. Data-vendors. In stripping out "apparently" un-necessary data they are unaware of the implications. While we alerted the trading-community to this in 2001 we've never had one enquiry about it. Must be too-hard. For accurate analysis it is essential to use un-cut data-feeds. Boursedata in Melbourne offers straight-through feed from the exchange without pre-processing.April 2008 Steenbarger entry attributes Market-Dëltä with presenting, for the first time, "supply and demand" at each price point. stated at http://traderfeed.blogspot.com/2008/04/reading-stock-market-psychology.html Another 2003 feature of camron-Dimension3. 2008Q94 software released with "sweep orders" algorithm. Daily High's and Low's are achieved by a concerted series of sweep trades that bulldoze everything in front of them, taking out stops. see sweep trades |
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un-cut web site Some information previously available on the public web site has been removed. An un-cut version, containing the removed sections, is available at an unlisted, non-indexed, URL location, available on subscription vanilla 1991 Vanilla calculated synthetic indexes equivalent to the XJO.actual index, based on the current bid and current ask, for each component stock, and compared them to the current XJO.actual. If the XJO.actual was hard down against the synthetic.bid, probability was, the XJO.actual would tend to the downside, if the XJO.actual was hard up gainst the synthetic.ask, probabilty was the XJO.actual would tend to the upside. dimension 3 2002 Original prototype from 1997 released as "plugged" in 2002. Renamed "dimension3" in 2007. Displays net supply and demand, over a range of prices to determine if accumulation or distribution is occurring, as price oscillates. dimension 4 2007 Concepts of Dimension 3 at the next level. Displays further market internals not presented anywhere else. Dissects each price level within an oscillation range to establish at what point an algo is active. In effect when price oscillates over a narrow range for 30 minutes creating 6 x 5 minute price bars, takes a cross section at any one price of all bars to determine if buying or selling is occurring or if there is a change of sentiment where buying at the front and selling at the back-end. tate effect 2008 Identifies a natural feature of the ASX200.XJO reporting system which gives early warnings of sudden block-trade moves. Similar technology to the vanilla application above. block-trade open effect 2008 In the physical market, algorithms obtain the greatest % of daily volume at the open. Indexes open in blocks. The direction can be predicted as the algo's kick in. Their hard-wired effect can be anticipated from 9:30 am and seen at 10:00 am. It's predictable. algorithmic systems algorithms can be seen and anticipated when they're in catch up mode. client documentation and research Contains all the know-how, the why, when and where of intra-day pressures and how the market behaves. The complete instruction of the components referred to on the public web-site and how it all hangs together. bulletins Two main areas of focus • how the market maker functions The market maker is a large chunk of the trading day, using buy-side and sell-side algorithms. • how algorithm trading systems behave As algorithm trading systems are now such a large part of electronic markets, we have undertaken considerable research into the activities of these systems, how they operate and how they behave. |
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Comment from a professional trader 2006 Dimension3 is 8 years ahead of its time. It presents so much information it will take a good year solid to understand the program thoroughly. You need to be well aware of that as from time to time you won't understand what some things mean. It's important to also understand what is occurring in the market. Dimension3 will tell you that but I don't know if you will be able to work that out just yet. Over time you will. Techniques for scalping are very simple, be humble, and be open minded towards the market. Don't set in stone what you intend to do before the market opens. |
