Posted by crossharry on 9th of Mar 2023 at 07:35 am
Yes, it's one of Matt's proprietary algorithms - I don't think
it's part of the BPT SPY/ES sub-systems but it's clearly a powerful
tool. Matt describes it as follows in a post on 28 Nov
2022:
"The A's are pretty good, Amateur buying at tops, and Amateur
selling at lows. Basically it's volume declining and smaller size
prints in volume as price goes up or down; for example in an
uptrend when price gets exhausted, you get the late buyers,
typically individuals who trade small size few hundred shares, not
institutions who are large prints. During downtrends you get the
very late sellers or shorts who are selling very oversold
conditions."
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Hi all, can someone tell
Posted by vasiboy on 9th of Mar 2023 at 01:23 am
Hi all, can someone tell me what “A’s” refers to? Thanks
'Amateur' buying / selling. Don't
Posted by crossharry on 9th of Mar 2023 at 05:10 am
'Amateur' buying / selling. Don't be an A....... :)
How is that determined? BPT
Posted by vasiboy on 9th of Mar 2023 at 06:49 am
How is that determined? BPT system algorithm?
Yes, it's one of Matt's
Posted by crossharry on 9th of Mar 2023 at 07:35 am
Yes, it's one of Matt's proprietary algorithms - I don't think it's part of the BPT SPY/ES sub-systems but it's clearly a powerful tool. Matt describes it as follows in a post on 28 Nov 2022:
"The A's are pretty good, Amateur buying at tops, and Amateur selling at lows. Basically it's volume declining and smaller size prints in volume as price goes up or down; for example in an uptrend when price gets exhausted, you get the late buyers, typically individuals who trade small size few hundred shares, not institutions who are large prints. During downtrends you get the very late sellers or shorts who are selling very oversold conditions."