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Price & Volume Trading Journal

  #71 (permalink)
 
ZTR's Avatar
 ZTR 
 
Experience: Advanced
Platform: NinjaTrader7
Broker: Mirus RCG/Zen-Fire
Trading: CL & 6e, looking at ES, ZB and AU again.
Posts: 2,096 since Nov 2009
Thanks Given: 1,099
Thanks Received: 1,393

Didn't end up in the hospital as planned, doc kick me loose with just a med change. Yea!

Wasn't planning on trading, but...

Made 2 trades, should have made a short on the DOM_Bands/RealStats ThrowOver, @1196, but was still groggy. Instead took the MicroTrendline Break Up. Saw Resistance took a quick 2 tick loss and looked for a reentry point. Found one after a really good consolidation pattern. Entered 2 ticks late but felt protected by the T&S action: I color my T&S as to buy, sell, etc. - when I see all one color predominating I enter in that direction if everything else fits. Knew there was resistance above 1196 and felt the movement was capped and took out 7 ticks, Market moved down quickly and went back up & stopped at 1198.50. Taking most of a move fits my rules.

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Can you help answer these questions
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  #72 (permalink)
 
Zondor's Avatar
 Zondor 
Portland Oregon, United States
 
Experience: Beginner
Platform: Ninjatrader®
Broker: CQG, Kinetick
Trading: Gameplay Klownbine® Trading of Globex
Posts: 1,333 since Jul 2009
Thanks Given: 1,246
Thanks Received: 2,731

In the Elite section I just posted the version of jtRealstats that ZTrade is using in NT7.



It seems to work very reliably now. The main modules have error handling code to prevent it from crashing.

Thanks to John Thom for this great indicator, and to RJay for the upgraded version that I converted.

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  #73 (permalink)
 
ZTR's Avatar
 ZTR 
 
Experience: Advanced
Platform: NinjaTrader7
Broker: Mirus RCG/Zen-Fire
Trading: CL & 6e, looking at ES, ZB and AU again.
Posts: 2,096 since Nov 2009
Thanks Given: 1,099
Thanks Received: 1,393


Buy patterns using ADXVMA (Sharky/Zondor modified NT7 version)

Noticed that the Sharky's ADXVMA (as modified by Zondor) gives patterns that indicate a buy setup.

In the attached chart 2 set ups can be seen at ~1084 & 1088. That lead to 20+ tick moves.

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  #74 (permalink)
 
ZTR's Avatar
 ZTR 
 
Experience: Advanced
Platform: NinjaTrader7
Broker: Mirus RCG/Zen-Fire
Trading: CL & 6e, looking at ES, ZB and AU again.
Posts: 2,096 since Nov 2009
Thanks Given: 1,099
Thanks Received: 1,393

Decided to make a SIM trade with the brand New NT 7.0.0.7

+5 ticks, using a simple ATM Strategy, but got an error message, & sent it to NinjaTrader Support.

Have no idea if it would have really been executed. Waiting for a Response from NT (I'm sure they won't say, at this point.)

Yes, it is a 512 tick chart, but I saw that BigMike used a 1 min chart for fine structure...

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  #75 (permalink)
 
ZTR's Avatar
 ZTR 
 
Experience: Advanced
Platform: NinjaTrader7
Broker: Mirus RCG/Zen-Fire
Trading: CL & 6e, looking at ES, ZB and AU again.
Posts: 2,096 since Nov 2009
Thanks Given: 1,099
Thanks Received: 1,393

After a rough start the smart thing was to run 6.5 for executions and 7 for charting. Duh!

I stripped 7B7 down to what I knew worked and got my broker to let me run 2 feeds. One Live for 6.5 & one in Global Simulation mode for 7B7.

Trades will be executed on my laptop using 6.5 with just ChartTrader and DOM open. 7B7 will run on my desktop.

I really like 7 and hope it reaches its full potential.

For executions 6.5 has always been reliable and never had problems when it was a bare-bones version on my laptop, I even used to trade at Starbuck & FedEx/Kinkos.

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  #76 (permalink)
 
ZTR's Avatar
 ZTR 
 
Experience: Advanced
Platform: NinjaTrader7
Broker: Mirus RCG/Zen-Fire
Trading: CL & 6e, looking at ES, ZB and AU again.
Posts: 2,096 since Nov 2009
Thanks Given: 1,099
Thanks Received: 1,393

I let emotions get away from me today; but I got a good excuse (nothing to do with NT7). First buy @ 1097.50 produced an error. Switched to SIM mode and just pushed 7B7 to see if it would fail. Took a whole day to sort it out but now have separate computers for trading (NT6.5) and charting(NT7B7).

Where are we at right now?

The Range Chart shows several channels all pointing down. Any upside moves are met with selling, volatility is good, as I had previously speculated. Volume is increasing over a larger # of time periods during the 24 hour cycle. Do not seeing it calming down yet. We are Below the EMA(50) at about 1106 on the daily chart and still Above the EMA(200) at about 1050 (cash chart).

Anything can happen. Patience while waiting for good set ups will be rewarded. More volatility and greater average volume per 24 hours leads to more opportunities for trading after hours, allowing avoidance of times having really high volume and volatility, that I do not feel confident trading.

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  #77 (permalink)
 
ZTR's Avatar
 ZTR 
 
Experience: Advanced
Platform: NinjaTrader7
Broker: Mirus RCG/Zen-Fire
Trading: CL & 6e, looking at ES, ZB and AU again.
Posts: 2,096 since Nov 2009
Thanks Given: 1,099
Thanks Received: 1,393

Wish I stayed up and traded. Couldn't. Great buy signal at 1072.

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  #78 (permalink)
 
ZTR's Avatar
 ZTR 
 
Experience: Advanced
Platform: NinjaTrader7
Broker: Mirus RCG/Zen-Fire
Trading: CL & 6e, looking at ES, ZB and AU again.
Posts: 2,096 since Nov 2009
Thanks Given: 1,099
Thanks Received: 1,393

So I am using 2 computers and I found out they are linked through my broker. So trades made on the laptop show up on the desk top listed as External. This is fantastic - no losing my place looking from one to the other.

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  #79 (permalink)
 
ZTR's Avatar
 ZTR 
 
Experience: Advanced
Platform: NinjaTrader7
Broker: Mirus RCG/Zen-Fire
Trading: CL & 6e, looking at ES, ZB and AU again.
Posts: 2,096 since Nov 2009
Thanks Given: 1,099
Thanks Received: 1,393

Trading when you are not at your best is a bad idea. Although I only took a 3 tick loss, I find myself unable to focus after the doc changed my treatment. Went totally manic for 36+ hours and now am drained to the point of distraction.

Answered a question about what I had posted, said pretty close to what ended up happening (thought the markert was going through a zig-zag upward consolidation below the 6 Range TLd) and then went into a daydream about chart patterns and stopped trading.

I missed 2 really good setups: The first a buy @1088, if it was a zig-zag, this was a zag buy. Then the reversal (Al Brooks) with a 1 pip failure @1093. Should have shorted. Look at the volume in the run up - lots of buying but then you see it struggle above 1192. ADXVMA + the trendline would have kept me in the trade - Grade C, at least I did not lose more than 3 ticks

May not trade the rest of the day, depends on how I feel. This will be a problem for at least a month more. But there is no reason to be upset, this is life, stuff happens and the market will still be there when I am doing better.

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  #80 (permalink)
 
ZTR's Avatar
 ZTR 
 
Experience: Advanced
Platform: NinjaTrader7
Broker: Mirus RCG/Zen-Fire
Trading: CL & 6e, looking at ES, ZB and AU again.
Posts: 2,096 since Nov 2009
Thanks Given: 1,099
Thanks Received: 1,393


Been working with Zondor on optimizing the appearance of some of his Indicators. This is one that really allows one to visualize the tape. Since I am a tape reader,I confirm my decisions based on the what is happening in T&S window, this new indicator records the buys and sells and filters them by trade size. Just playing around with the trade size level cutoff I found that 5 & 19 cutoffs provides good discrimination between trades of the big $$$ and small $$$.

At the market top of 1093.25 the buying of the big $$$ dries up. The blue is big buying, the red big selling and so forth decreasing in size.

This indicator has a serious bug that precludes real-time updating... Not going to be posted until fixed. Have to hit F5 every bar to update.

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Last Updated on February 21, 2010


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