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Would you share your Holy Grail?


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Would you share your Holy Grail?

  #311 (permalink)
 hyperscalper 
boise idaho
 
Experience: Advanced
Platform: NinjaTrader C# Custom
Broker: NinjaTrader LeeLoo Rithmic
Trading: Nasdaq Futures NQ/MNQ
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SunTrader View Post
Who said anything about conquer but yes you might find out sometime along your journey that markets in fact are simple. We traders make it more complicated, in our minds, than it really is.

Carry on.

PS: my comments have nothing whatsoever to do with your spaghetti bowl.

OK, I've reached capitulation...

I seem to be in the Minority concerning whether Markets are "Simple"
or not...

h.

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  #312 (permalink)
 
Anagami's Avatar
 Anagami 
Cancun, Mexico
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sunshnpeg View Post
...you have to really want it and be persistent!! Maybe there is an easier way...

I found everything in my life, including trading, works just the opposite - when I want something too much, it runs away from me. When I relax and let go, it comes to me. This is, of course, quite counter-intuitive, and I don't expect most people to understand this.

You are never in the wrong place... but sometimes you are in the right place looking at things in the wrong way.
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  #313 (permalink)
 hyperscalper 
boise idaho
 
Experience: Advanced
Platform: NinjaTrader C# Custom
Broker: NinjaTrader LeeLoo Rithmic
Trading: Nasdaq Futures NQ/MNQ
Posts: 314 since Apr 2020
Thanks Given: 15
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Anagami View Post
I found everything in my life, including trading, works just the opposite - when I want something too much, it runs away from me. When I relax and let go, it comes to me. This is, of course, quite counter-intuitive, and I don't expect most people to understand this.

Of course I understand it !!! I often think that way...

So... Are You Making Any Money? [edit] ... I mean through Trading...

h.

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  #314 (permalink)
 loantelligence 
Syracuse, NY
 
Experience: Intermediate
Platform: Ninja Trader
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yes the market is simple, just like Golf is simple........ you cant win at it....you can only play the game......

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  #315 (permalink)
 
Anagami's Avatar
 Anagami 
Cancun, Mexico
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hyperscalper View Post
Of course I understand it !!! I often think that way...

So... Are You Making Any Money? [edit] ... I mean through Trading...

h.

Yes.

You are never in the wrong place... but sometimes you are in the right place looking at things in the wrong way.
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  #316 (permalink)
 
cory's Avatar
 cory 
virginia
 
Experience: Intermediate
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hyperscalper View Post
...

hyper-focus

I get 4 dots instead of a bunch of dots as in one of your snapshots, do they mean the same thing?


dots

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  #317 (permalink)
 hyperscalper 
boise idaho
 
Experience: Advanced
Platform: NinjaTrader C# Custom
Broker: NinjaTrader LeeLoo Rithmic
Trading: Nasdaq Futures NQ/MNQ
Posts: 314 since Apr 2020
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cory View Post
I get 4 dots instead of a bunch of dots as in one of your snapshots, do they mean the same thing?


dots

Hi. Let me try to help.

The Dots are plotted against Price, even though it appears to me you have the TradeFlowRisk indicator in a separate panel. That's OK.

I've not used it on a 200 tick chart, but that should not be significant.

Dots which are placed directly on Price "candles"; have the meaning of
"Super Spike" or "Big Lot" Volumes exceeding threshold.

Those Dots placed Away from Price indicate that Risk exists on Inventory.

Indicators with specific purposes may have a "preferred" Chart timeframe
or Charting type. That's true for any Indicator. I prefer to use it on an
Interval chart <1 minute or Tick Chart <10 ticks or so, but that's just
me. I'll try and attach a live picture of my 5 Second NQ chart with
2 instances of TradeFlowRisk running, "dragged" overlain on Price.

Parameter values for the two instances are:
comment line
RISK_THRESHOLD=12
RETENTION_SECONDS=600
MULTIPLIER=1
BIGLOT_MINIMUM=2
TAPER_SIZE=True
SUPER_SPIKE_THRESHOLD_RATIO=10.0

and...
# comment line
RISK_THRESHOLD=10
RETENTION_SECONDS=180
MULTIPLIER=1
BIGLOT_MINIMUM=3
TAPER_SIZE=True
SUPER_SPIKE_THRESHOLD_RATIO=2.8

I've selected one or the other color schemes for the instances.

[EDIT] The chart tells me a "whole narrative" of how Market Maker is taking
both Long and Short Risk (typically support and resistance areas) and how
the Retail player's Buy/Sell behavior is responding to Price movements...

[EDIT2] Having both of these overlain on the Price chart takes a bit of
mental adjustment to understand how to interpret things. There are
Inventory fluctuations (according to the Retention window durations)
and there are Market Maker Risk scenarios being shown; and there are also
"Big Lot" trade indications; typically at tops and bottoms also... Lotsa info?

[EDIT3] Not sure here, cuz I didn't see your retention interval; but maybe
you should use a longer Retention Interval; although that is dependent on
how frequently you'll want to extract "tops" and "bottoms" in your trading?...

[EDIT4] Personally, I don't care for those "narrow strips" for Indicators, as you have it
shown. If I were you, I'd drag it onto Price. Now there could be color conflicts or some
such confusion there, but you can alter the code... I like to see the "inventory swings"
more strongly; and also I'd suggest to run another instance with a shorter retention
window, so that you can see both the "faster" and the "slower" fluctuations in net
inventory estimates (this is a quick 'n dirty short term inventory estimate) ...
Lots of ideas when you're working with something like this; but you have control
over many of the parameters, and how you learn to use the indicator for your
personal needs...

[EDITlast] The Risk Threshold setting will determine how much Risk must exist
before Risk Dots begin to appear also, as I'm sure you know...

Hope this helps you somewhat...?

hyperscalper

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  #318 (permalink)
 
cory's Avatar
 cory 
virginia
 
Experience: Intermediate
Platform: ninja
Trading: NQ
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hyperscalper View Post
Hi. Let me try to help.



Parameter values for the two instances are:
comment line
RISK_THRESHOLD=12
RETENTION_SECONDS=600
MULTIPLIER=1
BIGLOT_MINIMUM=2
TAPER_SIZE=True
SUPER_SPIKE_THRESHOLD_RATIO=10.0

and...
# comment line
RISK_THRESHOLD=10
RETENTION_SECONDS=180
MULTIPLIER=1
BIGLOT_MINIMUM=3
TAPER_SIZE=True
SUPER_SPIKE_THRESHOLD_RATIO=2.8



hyperscalper

I use;

RISK_THRESHOLD=10
RETENTION_SECONDS=120
MULTIPLIER=1
BIGLOT_MINIMUM=5
TAPER_SIZE=True
SUPER_SPIKE_THRESHOLD_RATIO=2

Also is it possible to filter (or change the code) for below bid and above ask data only.

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  #319 (permalink)
 hyperscalper 
boise idaho
 
Experience: Advanced
Platform: NinjaTrader C# Custom
Broker: NinjaTrader LeeLoo Rithmic
Trading: Nasdaq Futures NQ/MNQ
Posts: 314 since Apr 2020
Thanks Given: 15
Thanks Received: 522


cory View Post
I use;

RISK_THRESHOLD=10
RETENTION_SECONDS=120
MULTIPLIER=1
BIGLOT_MINIMUM=5
TAPER_SIZE=True
SUPER_SPIKE_THRESHOLD_RATIO=2

Also is it possible to filter (or change the code) for below bid and above ask data only.

I'm sorry, but I don't understand your question in this context...?

Long and Short Risk exists; but I don't know what you're asking...

h.

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  #320 (permalink)
 joe s 
sacramento ca us
 
Experience: Intermediate
Platform: Ninja Trader,Trade Station
Trading: es
Posts: 163 since Aug 2015
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interesting

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