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PATS Trading Psychology Or Mack's Soapbox
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PATS Trading Psychology Or Mack's Soapbox

  #51 (permalink)
Elite Member
Boise, Idaho/USA
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Yes I have switched to NT8 and I am using the factory order flow volume profile. Comes from watching all those FT71 you tubes, makes me feel like the chart is naked without it.

I also run Ed'sd Level2DOM on the right edge. Most of the time it is not helpful but occasionally you see a big bar.

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  #52 (permalink)
Elite Member
Boise, Idaho/USA
Trading Experience: Advanced
Platform: Ninja Trader
Broker/Data: IB, NinjaTrader Brokerage, Schwab
Favorite Futures: TF, ES
Posts: 93 since Sep 2014
Thanks: 21 given, 138 received

Leon of Pizza,

Sorry wasn't clear on Tharp. He is talking about calculating your trade size to avoid risk of ruin.

Mack is pretty clear that he is showing a simplified method and refers to Al Brooks for those who want a deeper dive. I say this because I extend the concept to Mack's choice of stops and targets. He is using numbers that have worked for years. Now given the higher volatility he has suggested stretching things a little. But your program of looking at the rotations and their sizes matches up with FT 71 who is frequently running calculation on the average rotation. And that makes intuitive sense, a more volatile market with bigger moves should be treated differently.

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Unread   #53 (permalink)
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Become seasoned

Very important chart lesson, with a clear wisdom at the end.

Listen to it

“Happiness is the meaning and the purpose of life, the whole aim and end of human existence.” Δ
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