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ZenFire was unreliable today, 2nd day in a row I have has connectivity drop outs. Today was so bad I was unable to trade. Missed a really great setup as ID'ed from the 8k ladder & 6 Range.
Can you help answer these questions from other members on NexusFi?
How did you get the GOMVolumeLadder showing the bars on this chart ? Did you not set BA Ladder to "False" ? If you set BA Ladder to "True", then what are the settings that enable you to still have the bars displayed ?
ztrader - what broker was it? I have Mirus futures and zen. but had issues historical data and Mirus resolved and it was NT issue. I didnt have issue in real time data though since 8.00am CST
Hi Lolu - to get the bars to display I adjust the Properties of that chart and increase the bar size to 8 or 10. Unfortunately Ninja doesnt save the bar size after indicators are adjusted so if you are adjusting the chart a lot you'll have to keep opening up the Properties and adjusting the bar size.
No, no, no ... I want the BA Ladder bars to be slim and smallish as shown in ZTrade's chart.
I suspect setting the GomVolumeLadder "Auto scale" option to "False" will suffice. So, I did this setting and it seems satisfactory to a considerable extent.
On a day the market did something it has not in many months, I was not able to trade for several reasons...
The last penetration of the EMA50 was in October, preceded by one in July. In November the EMA50 was touched & the market bounced interday off this line. Yesterday it ended up stuck to this line and today went right through it.
Silverlining: If this is a retracement volatility should pick up.
I see that the double top was a great short possibility but it was against the trend. Happened to me many times.So, I implemented a rule on counter trend trade entries.The rule is not to wait more than 5mins on any counter trend short entry.If there is no follow through then the stop is moved tighter for less risk.
Served me well. Won two trading tournaments finishing in first place on both.
I made 2 trades this morning based on Big Mike's latest Video and a link which talked about order flow he posted. I traded 1 contract, took 9 ticks of initial risk and had only 2 ticks of draw down in each case - well timed.
1st Trade: Got in late, but it was based on order flow and I felt protected by the big contract buyers. Got out early as it was 1:30 am PST and I was happy to make a good entry and did not want to leave it unattended.+ 4 ticks,
2nd Trade Went short based on order flow and chart pattern. Didnt't like the reversal and covered. +4 tick.
Didn't take next setup, which was a mistake, but I was not focused and felt the marked would stay in a channel as outlined in the chart below.
Took a break and saw that I should have bought the last TLd touch on the 6Range. Oh Well. At least I realized it was a buy even if I was not here to trade it.
Realized that I am not using limit orders to my advantage and still not taking all of the best setups.
Not going to trade for a while, need to take a break. Although moving out of the channel, will wait until later to decide if a retest of the EMA50 @1108 is a reasonable upside target over the few sessions. Short term 1103 looks possible, but how choppy? The move up from 1089.75 is pretty steep.
