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[PICTURE] How did he trade this?


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[PICTURE] How did he trade this?

  #21 (permalink)
 
TradingOgre's Avatar
 TradingOgre 
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lightsun47 View Post
@TradingOgre: It is based on a 610 tick chart.


@mkata: May 25th, 2018 10:50 AM EST.


@lax99: I was thinking the same about order flow.


@Cloudy: These were provided by him. I was not physically present there otherwise, there would not be any need for me to post this here...


@DavidHP: There is no 17 tick stop. It's strictly a 5 tick stop, the only exception being first picture, second trade taking 8 tick profit with an 8 tick stop.

These are all strictly 1 point scalps which now he trades with 100 contracts LIVE, NOT SIM. This is confirmed.

Why is he showing you old charts? Starting to look fishy to me.
It's not 1 point scalps. The 1-2-3 breakout was 2 points.
A 1:1 risk reward is dangerous. It will take 1.5 wins to overcome 1 loss once you factor in spread and commissions.

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  #22 (permalink)
 
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 lax99 
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If he's doing 70 lots you can almost be sure he's scalping. The entries take a couple ticks of heat at most. That's not indicator/chart pattern/candlestick trading.

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  #23 (permalink)
 
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 bobarian 
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lightsun47 View Post
Hello,

Straight to the point: My friend is trading huge number of ES cars shown in the picture. Now, he is not telling me how he does it (I know I have been thru this as others have said, people generally do not tell their secrets).

This is tick charts loosely based on nextgen trading systems.

My question is, looking at the chart, is there any specific candlestick behavior he might be following? Forget about MCDs and all other MAs because even though they were going up, he took a trade (no. 1) which went down.

My instincts from the picture and the market replay was telling me he's extremely good in candlesticks.

If that's the case, where should be best places to learn about candlesticks patters?

And of course, your thoughts regarding this screenshot.

Thank you.

P.S. I know you cannot just comment on one picture, me neither, but I might find something useful here from someone. You never know!

For the initial short, its simply a pb to the ma which is permitted because the momentum indicator made a LL.For the ensuing long, there are 2 scenarios.
1)pricebottoms and makes a HL,and the momentum indicaor is diverging.This happened here.
2)price makes a LL, and we have a divergent double bottom
The key here, is the entry long makes sense after the previous swing hi taken out
.................Of course, why did es find a bottom here(temporary)?Pivot point?support?news?Who knows

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  #24 (permalink)
lightsun47
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TradingOgre View Post
Why is he showing you old charts? Starting to look fishy to me.
It's not 1 point scalps. The 1-2-3 breakout was 2 points.
A 1:1 risk reward is dangerous. It will take 1.5 wins to overcome 1 loss once you factor in spread and commissions.

This was already shown to me back then. I waited to find it myself how the trades happened. Of course, now I posted here so it's old for you. Nothing fishy.

The system taught to us is strictly taking 1 point (4 tick) profits with a 5 tick stop. He's very good winning 95% of his trades; don't ask me how and why I know this.

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  #25 (permalink)
 
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 TradingOgre 
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lightsun47 View Post
This was already shown to me back then. I waited to find it myself how the trades happened. Of course, now I posted here so it's old for you. Nothing fishy.

The system taught to us is strictly taking 1 point (4 tick) profits with a 5 tick stop. He's very good winning 95% of his trades; don't ask me how and why I know this.

"the system taught to us"?? By who? You act like you don't know how this person is trading yet you keep referring to "the system taught to us".

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  #26 (permalink)
lightsun47
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It's through some old members of Next Gen Trading systems. Basically looking at 987 and 610 tick charts and taking trades on moving averages and BBs.

The reason I asked here is because although I'm applying whatever I've been taught, I can't grasp it still. Whereas my friend takes trades counter trading based on what we're taught. And it seems endlessly confusing.

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  #27 (permalink)
 
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 DavidHP 
Isla Mujeres, MX
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lightsun47 View Post
@DavidHP: There is no 17 tick stop. It's strictly a 5 tick stop, the only exception being first picture, second trade taking 8 tick profit with an 8 tick stop.

These are all strictly 1 point scalps which now he trades with 100 contracts LIVE, NOT SIM. This is confirmed.

I suggest you just ask him.
Posting things like this with no information will receive guesses at best.

FYI 8 tick profit on ES is two points not one point as you said is being traded.

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  #28 (permalink)
lightsun47
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DavidHP View Post
I suggest you just ask him.
Posting things like this with no information will receive guesses at best.

FYI 8 tick profit on ES is two points not one point as you said is being traded.

Understood. But I said first pic, second trade was exception.

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  #29 (permalink)
 
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 cory 
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lightsun47 View Post
It's through some old members of Next Gen Trading systems. Basically looking at 987 and 610 tick charts and taking trades on moving averages and BBs.

....

NextGen T3 with John Novak?

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  #30 (permalink)
 
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 JonnyBoy 
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My goodness. I think this thread has an intrinsic value of zero.

A sketchy screen shot “from a friend” taken with a phone on what looks like an old CRT monitor, asking other traders how your so called friend trades. C’mon. This is ludicrous.

If this isn’t trolling, then I am not sure what is.

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