Like bigmike, I've paid my dues to the big bank guru's. I decided to fight back in 2005 and taught myself object oriented programming to write algo's in NeoTicker and Ninjatrader to beat the banksters. I have a special interest in analyzing money flow and went so far as to write some bid/ask delta code but haven't systematized it to my satisfaction. My interest has been renewed recently in how best to exploit bid/ask (especially that of the big traders) by the early success es-runner has demonstrated (33/36 winning days, avg 8 points per day) I'm told it is better to analyze bursts of small trades during the same second than simply track large trade market orders, since as of Oct a couple of years ago a change of exchange policy now represents a large trade that has been absorbed by small trades as a list of small trades, not one large trade, hence the need to analyze bursts of small trades during the same second. Zac at SharkIndicators told me this week that a friend of bigmike, RJ, wrote an indicator that looks at trade block size and that Gomi, another bikmike member wrote DOMCD, which he said is available on bigmikes. Do I need to be a premium member to access those? Where do I find them?
Last edited by Han777; June 11th, 2012 at 01:37 PM.
Hi Mike finally got around to post something I've been trading for many years and also blew up my account numerous times like many of us.
Because of your intro post things are changing. The one about sticking with the system and indicators that work for me, not changing things around, and looking for new one's, did it. I trade futures on the S+P and options on IWM and SPY.
I have a great system now and not changing it no matter what, it works.
However there is a question I would like to ask; what is the best technique or process to overcome fear of taking trades. I tend to talk myself out of many good trades especially the pullback trades this is the area I have trouble with.
I tend to pick the turns real well then get out because of a A turn but not being able to get back into the trend after the pull back to a B or a C.
So I tend to get out of my trade at targets instead of trailing stops, where there is a trend=line or a fib area and miss getting back in after a pullback, any help would be appreciated hope it's clear.
Oh and BTW thanks in advance for your answer. My First post ever anywhere.