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Old 02-01-2010, 11:00 PM
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Originally Posted by stumper View Post
Mate, confusing. You are saying that although i can build a footprint chart using minutes data -- its is effectively wrong/misleading/incorrect?

eSignal started tick data for NSE? .... thats news to me.

There is no market delta without tick data

eSignal is providing snapshot data which is good enough for MD.
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Old 03-01-2010, 12:25 AM
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Originally Posted by JJ View Post
There is no market delta without tick data

eSignal is providing snapshot data which is good enough for MD.

Ha ha ha .. JJ .... its kind of circular. SOmehow im used to Black and White answer. Let me sum up ...

"FP needs tick data"

"there is no footprint with minute data, its simply wrong"

From above i could infer that FP charts on minutes time frame though available might be incorrect/wrong as tick data is not available.

Now you say
"eSignal is providing snapshot data which is good enough for MD."

Good Enough is quite opposite to "simply wrong"!!!!

Im still confused whats the Gotchas with using esignal's minutes data (not tick) with market delta. What did you mean by "Its simply wrong"?
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Old 03-01-2010, 02:32 AM
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Originally Posted by JJ View Post
Keep in mind, there is no footprint with minute data, its simply wrong

Another thing, eSignal does provide tick data.

WOW Sir
When did that started
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Old 03-01-2010, 02:36 AM
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Stumper, just to clarify the things to you --

Forget about using the minute data for doing footprints. It will require tick data.
Without the tick data, how can you do footprint analysis Just think about it once !!
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Old 03-01-2010, 05:57 AM
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What actually is footprint analysis ?
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Old 03-01-2010, 10:45 AM
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Originally Posted by vats View Post
What actually is footprint analysis ?

MARKETDELTA :: Footprint Chart

Vats, you will need to do some homework on your part to understand it. Check out the market delta website and their Blog and the help file section.

The links could be easily found by google search.
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Old 03-01-2010, 01:42 PM
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Originally Posted by frankTrader View Post
Stumper, just to clarify the things to you --

Forget about using the minute data for doing footprints. It will require tick data.
Without the tick data, how can you do footprint analysis Just think about it once !!

FT: Thanks. I have never had a chance to play with tick data. How will i know the difference! .. Maybe im frustrating others here, but if i dont get it - i dont get it.

Im all agreeing to what you mention .. except JJ in his last post said that "1 min snapshot data provided by esignal is good enough for MD".

Also, esignal it seems as of now has not yet started supporting tick data for NSE.
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Old 03-01-2010, 04:33 PM
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Originally Posted by stumper View Post
FT: Thanks. I have never had a chance to play with tick data. How will i know the difference! .. Maybe im frustrating others here, but if i dont get it - i dont get it.

Im all agreeing to what you mention .. except JJ in his last post said that "1 min snapshot data provided by esignal is good enough for MD".

Also, esignal it seems as of now has not yet started supporting tick data for NSE.

I didnt say 1 min snapshot data

Snapshot data is literally a snapshot taken at regular time period like 1-2 seconds. This data can be used in MD but minute data cannot be since one can assign a buy or sell value to a single trade, not a series of trades.
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Old 03-01-2010, 05:29 PM
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simple answer stumper - You should go for Market Delta with e-signal.
Besides u should go through market profile threads and get more info on the subject
so effectively it will add value to ur trading.
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Old 04-01-2010, 03:26 PM
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Originally Posted by alex View Post
simple answer stumper - You should go for Market Delta with e-signal.
Besides u should go through market profile threads and get more info on the subject
so effectively it will add value to ur trading.

Alex/JJ

Thanks for your posts.

Alex: Im more of a breakout day trader ... specific to individual stocks (no FO)

Had a first cut glance at Dalton's book ..... did not match my style

My interest in MD is primarily for FootPrint chart's.

Stumper.
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