Welcome to NexusFi: the best trading community on the planet, with over 150,000 members Sign Up Now for Free
Genuine reviews from real traders, not fake reviews from stealth vendors
Quality education from leading professional traders
We are a friendly, helpful, and positive community
We do not tolerate rude behavior, trolling, or vendors advertising in posts
We are here to help, just let us know what you need
You'll need to register in order to view the content of the threads and start contributing to our community. It's free for basic access, or support us by becoming an Elite Member -- see if you qualify for a discount below.
-- Big Mike, Site Administrator
(If you already have an account, login at the top of the page)
Well, IMO you should give Sierra Chart or NinjaTrader 8 a try. I use CQG with NT and I'm happy with the data feed, it's smooth and reliable.
I'm trying to keep my charts as clean and simple as possible by using only support / resistance and supply / demand zones. I trade pullbacks and reversals while looking at pure price action and momentum, which imho is essential for trading a market like NQ. I use Renko charts as well as a 450 Tick chart and a 5 minute chart, my trades are solely executed on a 12/2 ninZaRenko chart.
Hope this helps....
"If you don't design your own life plan, chances are you'll fall into someone else's plan. And guess what they have planned for you? Not much." - Jim Rohn
I've been trading only on a 2hr chart for over a year now. I've traded on every time frame you can imagine ha
Why? It's still intraday and cuts out all the noise. Huge difference in my trading and strategy development.
Thanks a lot . Itīs also my opinion to keep the charts as clean as possible. I found out that the monthly pivots often offer support/resistance.
Because IB is my broker, buying NT + subscribe to kinetick would be to expensive for me. I canīt use CQG with IB.
I will return to SC for a while and hope DXfeed will be available for Motivewave in the future.
That's correct, but if you ever think of switching to NT Brokerage, you'll have CQG data feeed for only $12 / month if you don't need Level II data.
"If you don't design your own life plan, chances are you'll fall into someone else's plan. And guess what they have planned for you? Not much." - Jim Rohn
That's so true!! algos recognize patterns, so we must in some way synchronize with what algos (and other traders) see. It's not important if you believe that market will start to rally, the point is if everyone else willl believe the same. .... you need other people to think the same as you think in order for your trade to make money.
Thatīs interesting. Did you buy Ninjadraderīs lifetime edition or are you using the free edition without trader+ and orderflow tools?
$12 for CQG datafeed is really inexpensive. For Sierra i would have to pay $56 for service pack 6 and denali datafeed + $3.25 for CME, a total of $ 59.25 per month.
Taking into account CQG datafeed for $ 12 per month, the purchase would have paid for itself in two years.
Yes, I purchased a Multi-Broker lifetime license many years ago.
If you need additional Level II data, the monthly fee would be around $36 if I remember correctly.
"If you don't design your own life plan, chances are you'll fall into someone else's plan. And guess what they have planned for you? Not much." - Jim Rohn
I use many different timeframes, I switch from one to another all the time and try to have different perspectives in mind in order to understand the point of view of different market participants.
After I have a bigger view of my trade, I implement the trade on a 5 min. chart.
In the past I have tried tick charts in the 100 - 5000 range, I went back to timed charts. I've been doing the 3 min chart, then tried 1 and 2 volumetric charts. and I realize that my reactions are not fast enough.
So I'm using a 5 min Volumetric chart, with the 15 min as overview.
In stocks, I use 240 hour for trades.
Also, I've learned that I'm getting eaten alive trying to trade in the first minutes of the market. This is where I have contributed to WS's coffee fund with my trades.
15/30 minute to see the bigger picture of the last couple of days. 5 minute and 1 minute for entries, especially when looking at the footprint chart. It is easier for me to see some aggressive activity in the moment in the 1 minute footprint.
. Itīs also my opinion to keep the charts as clean as possible. I found out that the monthly 
