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Daytrading.Coach Review


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Daytrading.Coach Review

  #121 (permalink)
 
bobwest's Avatar
 bobwest 
Western Florida
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Formatting issue seems not related to this thread and @artemiso's post after all. But it is coming and going in odd ways, and @xplorer also has a changelog post about it.

More in the changelog.

Bob.

When one door closes, another opens.
-- Cervantes, Don Quixote
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  #122 (permalink)
 
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 bobwest 
Western Florida
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It is interesting that @JonnyBoy's correspondent did not see the limit orders on the DOM when he tried it, but I think we need to understand how he went about testing it.

I think that anyone will get the same results following the steps in @JonnyBoy's video file titled "RTY Live Trading Account REAL LIMIT Order Placement" (the first of three), attached to this post:



They should make sure they are in their connected live account, and should place their orders a good distance from the current market price and cancel quickly so there is little chance of the market taking a sudden lunge in their direction and getting them filled. Testing with large orders might be a little risky.

If, after following these steps, the test did not show the expected results, then it would need to be examined to find out why not.

The way that orders on the DOM are displayed is standard and well-known. Orders placed on the book show in the DOM and stay until they are matched. If resting orders were not visible to any market participant, order flow trading, which is widely practiced, would not be possible. Any actual live limit order that is placed on the book is available for anyone to see, using a variety of tools that include the DOM.

If it does not show, it was not submitted to the exchange. It is actually very simple.

Bob.

When one door closes, another opens.
-- Cervantes, Don Quixote
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  #123 (permalink)
 
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 SMCJB 
Houston TX
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artemiso View Post
The solution? For CME, I recommend everyone just inquire with their broker if they can use the CME Direct platform for click trading. I don't see why brokers won't support it, it's industry standard and I think (I don't remember paying an iLink session cost, although it might've just have been waived so I didn't remember it), much cheaper than any retail platform. You only pay for the display data, and it's waived if you do a few contracts. I use that for last resort click trading if everything else breaks. Edit: it has all the data, and I think has better UI and symbology than all of the retail platforms I've touched.

I would especially use it for options. It comes with QuikStrike which I think is the best vol curve fitting tool you can get for free. Even my colleagues at top 10 OMM firms use it.

Maybe this has changed recently, but CME Direct (CME's version of WebICE cough cough!) used to be limited to larger traders, prop shops and institutions. In fact checking the website it still says CME Direct: One-Stop Trading: Futures, Options and Blocks for Institutional Traders

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  #124 (permalink)
Ty199
Joplin, Mo. Jasper
 
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What are these support and resistance lines called ? Well, let me say that again, who has these or what programmer makes them ? I have some but they are real thick and that makes having a support line 4 points kinda usless. Thanks

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  #125 (permalink)
 
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 phantomtrader 
Reno, Nevada
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Ty199 View Post
What are these support and resistance lines called ? Well, let me say that again, who has these or what programmer makes them ? I have some but they are real thick and that makes having a support line 4 points kinda usless. Thanks

They're not support/resistance lines. The indicator is just a linear regression/EMA combo with some fancy graphics.

See this post:

'>[url]https://nexusfi.com/elite-circle/1261-want-your-ninjatrader-indicator-created-free-1580.html#post750104[/URL]

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  #126 (permalink)
Ty199
Joplin, Mo. Jasper
 
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Ty199 View Post
What are these support and resistance lines called ? Well, let me say that again, who has these or what programmer makes them ? I have some but they are real thick and that makes having a support line 4 points kinda usless. Thanks

Sorry I should have pointed them out a little more. I drew some arrows to the ones I was trying to mention. I have some but they range from 3 to 5 points, these seem to be more narrow and dont cloud the screen so much.

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  #127 (permalink)
 
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 jeliner 
Spokane Washington
 
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Ty199 View Post
Sorry I should have pointed them out a little more. I drew some arrows to the ones I was trying to mention. I have some but they range from 3 to 5 points, these seem to be more narrow and dont cloud the screen so much.

The the ribbon band is comprised of two parts ... the Eagle whose data is based on the time frame of the current chart (ie 8bar, 16bar, 32bar). The other band he calls the hawk is actually the eagle of the next higher chart.... so on an 8bar chart, the hawk on a 8 bar chart is the eagle on a 16 bar chart.

does this help?

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  #128 (permalink)
 
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 justtrader 
San Francisco, CA
 
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I am also wondering about the horizontal bands. What is the name of the indicator that plots those lines? Is there one on futures.io?

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  #129 (permalink)
Ty199
Joplin, Mo. Jasper
 
Posts: 47 since Sep 2019
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I have a set that installed on my NT8 that I got free from trading indicators. But they are thick and can range from 1 point to 5 points as S/R. I have been playing with them and seems what time frame you use or ticks or renko which works sometimes they differ in size.

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  #130 (permalink)
 
jeliner's Avatar
 jeliner 
Spokane Washington
 
Experience: Intermediate
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justtrader View Post
I am also wondering about the horizontal bands. What is the name of the indicator that plots those lines? Is there one on futures.io?

The horizontal boxes? Those are supposed to be support and resistance areas. Not sure on the premise that the are created on.

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