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Vovan348 Day Trading TF with NFT setup


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Vovan348 Day Trading TF with NFT setup

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  #481 (permalink)
 vovan348 
Moscow
 
Experience: Beginner
Platform: Trade Nav., NinjaTrader
Trading: ES, TF, 6E
 
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Larry View Post
Weird as I can see a good set-up on 3 min around 10:09 nice abc down.

TF was a different story I went long (9:43) at 744 area sold 746.7 then sold before the 10:00 news 746.7 area and took profits at 744.8 (market order) as I didn't expected it would go down so quickly I just heard filled on my sell order then seconds later it was 2 points down so I clicked the close button, that was it for the day goal achieved.

The run from that ABC was very weak. The first target was at 12234 but it never broke the high (12182). The next setup short could be very nice. I got short before that but it took me out.

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  #482 (permalink)
Larry
Montreal
 
 
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vovan348 View Post
The run from that ABC was very weak. The first target was at 12234 but it never broke the high (12182). The next setup short could be very nice. I got short before that but it took me out.

Yes YM had different pattern compare to TF. I Had 753.1 as possible reversal area it stopped shy of it by 2 ticks anyway I was eating downstairs and then went outside to get food for diner. I knew TF would have to go down as it was way too OB based per my indicators but when I am not in front of PC I don't really care what market does.

Keep on studying the patterns on your charts as I am less familiar with YM, I know how TF behaves and the tools I used have been tested and fine tuned exclusively for TF. That is the only way to be succesfull in this game you need to be good with only 1 market.

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  #483 (permalink)
 bluemele 
Honolulu, Hawaii
 
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vovan348 View Post
I knew you are gonna say something like that. LOL

I know that I have to stick with one method and make it work. I'm still jumping around and I'm not sure when I'm gonna stop. Haha...

I guess reason for that is my experience with the very first method I started with. I spent a year and my first account on it without looking anywhere else and realized that it's not gonna work. I didn't read about any other methods, didn't try any other software. I didn't even want to. I thought that any method can work if you invest enough time. It was very hard for me to move somewhere else and try something new. Then it became easier and easier. Haha...
I know that a lot of people would say that one year is nothing and it took a lot of traders a few years to start making money. But I can tell that that vendor has changed his strategy also after a while.
Now I just don't have any trust to any system or method. I don't trust any custom indicators either. After I stepped over the first vendor I cannot stop.
I have learned a lot after that, but I don't know how to get everything together and stop looking for something new.

All profitable traders don't really care about people like me. They make money and enjoy their life. Who wants to spend their time to teach someone. I deal with a lot of people at my work and I wish my income wouldn't depend on others. That's why I'm so interested in trading. I wanna be social when I want to and not because I have to. If you start teaching you have deal with all kind of people and you cannot choose them. Some of them would understand and be very easy, but others can spit in your face and tell that it doesn't work just because they don't know what they are doing. Who wants that?

Maybe I'm wrong and some of those vendors teach people because they are bored with their life. The way I see it that they are not so great with trading and second income from selling system or chart room would average their days. I feel like I get lost somewhere in between. I'm cannot see which method works and which one is just advertised better.

When I try something I try to change it to make it my own and that is not the best idea either. I think you can start changing stuff when you know that you can make $$$ either way.

That MA's method cory posted in PW journal seems very nice also. My mind is still all over the place. It's so much information around and it's hard to filter.

Wow. That was a lot of talking from me. I guess it's compensation for not posting so long.

In my opinion all part of the journey and you never stop learning as a trader. I have been doing Real Estate developments and investments for 12 years now. I learn every single day. I think I tend to shift a hell of a lot less (like lately SOLAR is the new IT!!!)

I really don't have any interest in Solar, it is boring to me... So I will not be developing it. I started to a few years ago, but I was before the time I think...

I guess not much of a trend follower...hahaha

Good on you.

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  #484 (permalink)
 bluemele 
Honolulu, Hawaii
 
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Larry View Post
Yes YM had different pattern compare to TF. I Had 753.1 as possible reversal area it stopped shy of it by 2 ticks anyway I was eating downstairs and then went outside to get food for diner. I knew TF would have to go down as it was way too OB based per my indicators but when I am not in front of PC I don't really care what market does.

Keep on studying the patterns on your charts as I am less familiar with YM, I know how TF behaves and the tools I used have been tested and fine tuned exclusively for TF. That is the only way to be succesfull in this game you need to be good with only 1 market.

Yes, I realize capital is the reason you moved to the YM, but you already know the TF.... Why switch... You can save up for TF right...?

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  #485 (permalink)
 vovan348 
Moscow
 
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I took another couple trades in an afternoon.

The first one was from the resistance level on 1M. I got pull back to MAs and it took me out. The second one was from the setup at 3M chart. It was way OB on 3M and 1M. Seems like a nice trade. Then I got that spike that took me out and straight to the target. I don't understand what was the reason for that quick spike. There was no news (at least in US), market was pretty slow. No idea what happened. I could finally get a nice trade, but it didn't happen.


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  #486 (permalink)
 bluemele 
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I was going to check with my datafeed but I can't connect for some reason? Strange....

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  #487 (permalink)
 vovan348 
Moscow
 
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Couldn't sleep last night till 5 am. Opened up my charts and tried to trade ES with different indicators (just experimenting). Then some how I came up with another method.

I didn't have enough time to get all rules done. So it was just a raw idea (close to PW style).

This morning I started tuning some rules and take prob trades on TF (233T). First three trades where horrible. I didn't really know what I was doing. Then I noticed one setup that works pretty well. I took one trade from that setup (#5), but I didn't have clear target and closed my position on a pull back.

On my last trade I already had a clear target (fib based) and I knew what's gonna happen to warn me if it's not gonna get to the target. I was 55 mins in that trade but I was pretty sure that it's gonna get there. I didn't even worry about trailing my stop. It got to the target and after pull back went higher.

I'm not gonna say anything about the method because I'm not sure if it's gonna work in every day market.

Every time I think that I know a lot about trading market proves me the opposite on a very next day. So I wanna try it for a couple weeks before I explain anything.

Here is a summary for today:

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  #488 (permalink)
 vovan348 
Moscow
 
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Trading: ES, TF, 6E
 
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First thing in the morning before I even got up I told myself to be patient and wait for valid setup that I fine tuned yesterday.

Guess what happened? I took 5 trades without valid setups. Haha..

This is a new method for me and I didn't see it in every market conditions yet. This morning was something I haven't seen yet and I started with experiments.

Then I realized that I'm just killing myself with all those experiments and I was seating on my hands until I got valid setup. Got in with one contract then added one more on a pull back. I still took my profit too early. I don't trust to my indicators for 100% yet. I saw that I'm getting out early and I could get another 2.3 points per contract holding for my next target. I just had a lot of "what if's" in my head.

So trade 6 and 7 was just one trade.

Here is summary:


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  #489 (permalink)
 bluemele 
Honolulu, Hawaii
 
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Do you want to share your system so we can all criticize it and tell you why it won't work.. haha...

Seriously though, I have tested 100's and if you want to share it with me I will tell you where the challenges might be... etc..

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  #490 (permalink)
 vovan348 
Moscow
 
Experience: Beginner
Platform: Trade Nav., NinjaTrader
Trading: ES, TF, 6E
 
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Posts: 460 since Mar 2011
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bluemele View Post
Do you want to share your system so we can all criticize it and tell you why it won't work.. haha...

Seriously though, I have tested 100's and if you want to share it with me I will tell you where the challenges might be... etc..

I don't really want to share it right now. Not because I want to keep it in secret. I want to see if it works first. What's the point to share something that doesn't work. The biggest challenge for me is to wait for setup to complete. There is one certain setup that can form quiet a few time some days (like yesterday) or much fewer other days (only 2 today). But it has high winning %.

Now I understand why people become profitable when they create their own methods. Because you know what's the reason for everything on your chart. It's much harder to understand logic behind someone's method.

This is all I have on my chart and this is the only chart I use. That dash red line is not important for my entries. It just gives me an idea of LT trend so I can see if I get in corrective or impulsive wave. I choose my target according to that.


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