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The Beast Slayer, Lance's NQ Trading Journal


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The Beast Slayer, Lance's NQ Trading Journal

  #1261 (permalink)
 lancelottrader 
west palm beach florida usa
Market Wizard
 
Experience: Advanced
Platform: ninja trader
Broker: Optimus Futures/ Rithmic
Trading: NQ
Posts: 1,112 since Oct 2011
Thanks Given: 1,113
Thanks Received: 5,386

Took a few trades only minutes into the open today.


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Can you help answer these questions
from other members on NexusFi?
MC PL editor upgrade
MultiCharts
Cheap historycal L1 data for stocks
Stocks and ETFs
What broker to use for trading palladium futures
Commodities
Trade idea based off three indicators.
Traders Hideout
ZombieSqueeze
Platforms and Indicators
 
  #1262 (permalink)
 joe s 
sacramento ca us
 
Experience: Intermediate
Platform: Ninja Trader,Trade Station
Trading: es
Posts: 163 since Aug 2015
Thanks Given: 133
Thanks Received: 105

good info thanks

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  #1263 (permalink)
 MrTrader 
ITAJAI SC/BRAZIL
 
Experience: Intermediate
Platform: NinjaTrader
Broker: Clear Corretora
Trading: DOLFUT, WINFUT
Posts: 334 since Jun 2014
Thanks Given: 1,320
Thanks Received: 226


Thanks!
BTW, what screen recorder would you recommend?


lancelottrader View Post
Took a few trades only minutes into the open today.


Sent using the NexusFi mobile app

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  #1264 (permalink)
 lancelottrader 
west palm beach florida usa
Market Wizard
 
Experience: Advanced
Platform: ninja trader
Broker: Optimus Futures/ Rithmic
Trading: NQ
Posts: 1,112 since Oct 2011
Thanks Given: 1,113
Thanks Received: 5,386


MrTrader View Post
Thanks!
BTW, what screen recorder would you recommend?



Sent using the NexusFi mobile app

Not sure really because I haven't kept up on all the new software. I have used something called Screen Movie Studio for many years. It works well and doesn't use too much memory or CPU. There may be better ones out there now.

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  #1265 (permalink)
 joe s 
sacramento ca us
 
Experience: Intermediate
Platform: Ninja Trader,Trade Station
Trading: es
Posts: 163 since Aug 2015
Thanks Given: 133
Thanks Received: 105

I use Camtasia its not free but you get what you pay for It will do alot

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  #1266 (permalink)
 lancelottrader 
west palm beach florida usa
Market Wizard
 
Experience: Advanced
Platform: ninja trader
Broker: Optimus Futures/ Rithmic
Trading: NQ
Posts: 1,112 since Oct 2011
Thanks Given: 1,113
Thanks Received: 5,386

Nice 100 tick winner a few minutes ago. Rode it down and just trailed the stop over the swings.
nq 100 tick winner

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  #1267 (permalink)
 lancelottrader 
west palm beach florida usa
Market Wizard
 
Experience: Advanced
Platform: ninja trader
Broker: Optimus Futures/ Rithmic
Trading: NQ
Posts: 1,112 since Oct 2011
Thanks Given: 1,113
Thanks Received: 5,386

And...another 100 tick move! Not sure why, but NQ really selling off this afternoon.
nq another 100 tick winner

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  #1268 (permalink)
 tvaughan4 
Los Angeles CA
 
Experience: Intermediate
Platform: NinjaTrader
Trading: NQ
Posts: 18 since Jul 2020
Thanks Given: 17
Thanks Received: 26


lancelottrader View Post
Hi there. I don't know much about that software since I haven't used it. The little order flow audible indicator you see in my videos is something called Tick Strike. I feel it is pretty good for helping confirm some moves by giving an idea of how strong the order flow is.

Can you go into how you use TickStrike?

I'm really interested/curious in this product. I trade NQ as well. I'm wondering if it will help on those trades where it pokes it's head through a support/resistance quick only to pull back down for a whipsaw (which can be a decent move) then go back screaming through. Does TickStrike maybe help in that you would hear no order support on that initial peak through the support/resistance? so you don't get drawn in on that fake?

Thanks

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  #1269 (permalink)
 lancelottrader 
west palm beach florida usa
Market Wizard
 
Experience: Advanced
Platform: ninja trader
Broker: Optimus Futures/ Rithmic
Trading: NQ
Posts: 1,112 since Oct 2011
Thanks Given: 1,113
Thanks Received: 5,386


tvaughan4 View Post
Can you go into how you use TickStrike?

I'm really interested/curious in this product. I trade NQ as well. I'm wondering if it will help on those trades where it pokes it's head through a support/resistance quick only to pull back down for a whipsaw (which can be a decent move) then go back screaming through. Does TickStrike maybe help in that you would hear no order support on that initial peak through the support/resistance? so you don't get drawn in on that fake?

Thanks

It's a pretty good tool, although I won't generally take entries based mainly on it. It does tell me when we get a lot of extremely strong buying or selling. The bars will move quickly up to higher levels and it takes on kind of machine gun sound. It can be tricky since sometimes near the end of a move or..one of those failed breakouts..it can have a big quick flurry of sound...Then it can go silent and get some reversal ticking that is rather subdued. Those are when we can get those little reversal bounces of the failed break..or let you know maybe it's time to pay attention to exiting a trade. Again, order flow is tricky and using tick strike properly takes a bit of practice. If you google how to use it, there are some videos from the vendor on it.

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  #1270 (permalink)
 tvaughan4 
Los Angeles CA
 
Experience: Intermediate
Platform: NinjaTrader
Trading: NQ
Posts: 18 since Jul 2020
Thanks Given: 17
Thanks Received: 26



lancelottrader View Post
It's a pretty good tool, although I won't generally take entries based mainly on it. It does tell me when we get a lot of extremely strong buying or selling. The bars will move quickly up to higher levels and it takes on kind of machine gun sound. It can be tricky since sometimes near the end of a move or..one of those failed breakouts..it can have a big quick flurry of sound...Then it can go silent and get some reversal ticking that is rather subdued. Those are when we can get those little reversal bounces of the failed break..or let you know maybe it's time to pay attention to exiting a trade. Again, order flow is tricky and using tick strike properly takes a bit of practice. If you google how to use it, there are some videos from the vendor on it.

Sounds like something I need to check out and mess around with, seems like it might be a good addition. I will watch the videos more. And looks like they have a 7-day free trial.

I wasn't looking for a signal, really, just more of confirmation I guess you could call it. Just another box to check when getting into the trade. I've been looking for something in the order flow department because I believe it is valuable info, but just haven't found anything that suits me yet...

Thanks for the help

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Last Updated on April 11, 2023


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