under the guise of a tour Sibillini, there ran a nice reunion with umberto ale and grilled.
unfortunately I was not there to ride, I think that if I bite my hands to be gone, but fortunately we still had a chance to spend time together shooting the shit, the great thing we can and without great effort.
other thing that has managed to chew the food was good :-)
a dinner of fish, with mixed cold appetizers with warm flat bread, and noodles with seafood and ravioli with sauce of sole. limoncino and coffee at the end.
the day after breakfast with a bottle-filled cannoli and cappuccino zabaglione.
then a ride in a panoramic view to disposing of excess calories!
logical limits and Technology Market Profile Profile
Evolution Logic and Technology that has brought the analysis of trading volumes after the birth of the Market Profile ® 1983 and Pentagram Stock Exchange through the use of statistical science and modern technology available today in trading.
Unfortunately, today the state of the art in analysis of volumes of literature and tools for analysis of volumes, persists in a deliberate and obsolete static that continues to analyze and take into account after almost 30 years, the only Model of the Market Profile ® (dated 1983) and adapted to the Volume Profile only as a reference tool for the analysis of the volumes. As of today, who decides to base its analysis on volumes with this approach, based their decisions on outdated and obsolete models and protocols in an attempt to re-adapt and reshape them for "best fit" to the more modern Volume Profile, without being aware that technology is already more than 15 years has turned the corner, abandoning the model of the Market Profile, and logically TECHNOLOGY passed to turn our gaze to what the computer provides power to this day. It is no coincidence that institutional investors such as pension funds and investment funds will no longer use for many years this "old" operating protocol and even today the big investment banks like Goldman Sachs and large hedge funds, are arrived at next step yet that is precisely what volume of trading frequency. The persistence and insistence on using these models and decision making with reference to the Market Profile ® classic or modern re-adjust the Volume Profile, denotes Myopia is a clear logic and a marked lack of understanding of the ultimate end for which in 1983 (already 27 years ago) Steidlmayer Peter turned to the statistical representation with the ultimate aim of identifying areas of "value" and "fair price", not providing a technology that would allow him to directly measure the distribution of volumes within the daily fluctuations. has almost improbable that today after 27 years, with technological change experience, yet many traders base their arguments on assumptions and decision-making and protocols designed for a technology that did not allow time to ascertain the areas of volume directly, but only by inference "logic". As I explain widely in this video, the will of Peter Steidlmayer was not to define a zone of persistent price, but a logical deduction, an area of \u200b\u200bpersistence of "values" and then "volume", and the only way to get to this deduction given the technology of the time, was through the histogram representation, starting from the bars of price fluctuation measured with an interval of 30 minutes and then crushed all grouped together to form a histogram. It is no coincidence that at the time he used the letters in sequence, as being on the trading pit with a piece of paper and a pencil, the most logical sequence, fast and immediate recognition and was accounted for using the alphabetic (rather Elementary !!!). The fact that the introduction of computers has also led to the next step, namely the birth of the VWAP (volume weighed average price) in the early 90s was used as a reference unchallenged today by professional investors / institutions such as pension and mutual funds investment and today even with the next step of the volumes still in attendance, notes the total lack of understanding of the ultimate end for which was invented and used the Market Profile ®, which is to identify the value as the price "fair" or equilibrium price. The thing that amazes me most by these "irreducible" is that the technology progresses, we report its evolution, shows us the way forward, gives us time to adjust and adapt to it, shows that investment professionals have already changed course at least 15 years ............... instead "their" NO! their perseverance relentless, because their "NOW" have "got it" and want to teach. They "discovered" without intuit still the real end, what 27 years ago a brilliant president bag could do with a simple pencil and a piece of paper on the trading pit in Chicago, and now these gentlemen feel they have back control of the last found in technical analysis and knowledge from their experience and want to teach and sell at a price that their experience in years study. They are the real experts, because they are several years that the study and now know everything about that model analysis. What time did Steidlmayer with a piece of paper, "they" now they do a PC with ultra-powerful, but even more do so on ......... ...... volume histograms ... which is even better!! It 's a bit like saying that up until now has used the abacus to perform the calculations, since it was the only tool available. Now that you have the calculator and even more of the super computer, it wants to make the computer do the same things you did with the abacus and use it with the same basic logic to perform the calculations of shot ..... the .... who really absurd! The computer allows the use of infinite variables more than the abacus, variables that improve by far our method of calculation and the speed of the market exponentially by providing a picture far more detailed and complete, but these gentlemen who feel really " cool "I only use 2 because the one who invented the abacus did not say to use more than 2 and have not told him ........ then it's not just use more! Well ........ let me say that Steidlmayer has been so brilliant for its time, as now, these are really just brilliant "knowledgeable experts" that after 27 years have not yet realized the its real purpose, but persist in professing the model without having absolutely embraced the end of that inspiring model. 's the classic case of "rote learning" versus "knowledge", one who knows where it is considered responsible for the simple fact of knowing everything by heart, while the one who really knows and is master of the matter, who has reworked in the very notions that he has studied and internalized by their own sense of what he studied. The matter therefore is not knowledge, but becomes part of his being, a part of him that is able to rework and transform exploiting the strengths and recognizing the flaws and limitations. Thinking outside the box set, sometimes goes to see reality for what it really is, instead of seeing it for that as we are told. Often, instead, man tends to be lazy and think with your head and thinking of others without the slightest question of why certain things, but taking them for all the good just because they see it and someone else told us that they are so. Watch the video below and you'll understand what I mean. For a better view to open it full screen by clicking on the button to the right of the video scroll bar, just before the written Vimeo.
