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Short term TF trading


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Short term TF trading

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  #411 (permalink)
Birmingham, AL
 
 
Posts: 1,065 since Apr 2012

I really love trading, and I'm looking forward to the challenge of getting better every day. I'm excited about the challenge of coming out of this drawdown. 91 ticks.... you're mine!


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  #412 (permalink)
Legendary Market Wizard
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toucan94506 View Post
michalmalec... tick charts are started using trades that make up the first tick bar that you see on a chart. When you reload, depending on the software you use, the starting tick bar can use different trades and make all the tick bars after the initial bar look somewhat different.

cheers

toucan

This is true; however, NT starts a new bar at the beginning of each session. The question is, michalmalec, are you seeing the number of bars change significantly? CQG should have tick backfill, so perhaps you should send a screen shot of before and after a reload to support at NT.

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  #413 (permalink)
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indextrader7 View Post
Thanks for the kind words, but at the moment I feel like I need to read "Idiots guide to daytrading", ... ah I'm just Ill at the moment. No I haven't heard of that book, I'll definitely look into it. Thank you.

Dr. Brett's blog is an awesome free resource with tons of useful info, you would really like it. Google "steenbarger blog" ... golden stuff.

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  #414 (permalink)
Birmingham, AL
 
 
Posts: 1,065 since Apr 2012


josh View Post
Dr. Brett's blog is an awesome free resource with tons of useful info, you would really like it. Google "steenbarger blog" ... golden stuff.

Ok, so this guy has a lot of books. Which one would you guys familiar with him recommend I start with?

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  #415 (permalink)
Legendary Market Wizard
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indextrader7 View Post
Ok, so this guy has a lot of books. Which one would you guys familiar with him recommend I start with?

I have not read any of his published books -- I'm sure they are worthwhile, but honestly his blog has several years worth of articles with real market examples, concise and to the point, and they will keep you busy for a while.

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  #416 (permalink)
danville ca usa
 
 
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josh View Post
This is true; however, NT starts a new bar at the beginning of each session. The question is, michalmalec, are you seeing the number of bars change significantly? CQG should have tick backfill, so perhaps you should send a screen shot of before and after a reload to support at NT.



NT may do that, but most trading software gives the user the option of loading a number of days of data or the number of bars into a chart. When using Tick charts, If I start a chart in the morning, the chart will be loaded with the number of days or number of bars that you asked for at the time you initially open the chart. This means the the initial bar will be started at a point in history that you chose and all subsequent tick bars will be based off of this starting initial trade. Tick bars will then be built using the number of ticks you want... for example a 250 tick chart will load 250 trades into each bar.

If later in the day, you open a new chart with the same symbol, or reload the current chart, the software will load the number of days or bars that you requested, only in this instance it will only go back the number of days or number of bars that you asked for ... given that part of the day is already complete, this will cause some history to be lost from the first chart and so the starting bar and initial trade will be different... The two charts will not be exactly the same and will have some differences. Not much but still different.

then again, i have not used NT in a while, so it might always load tick charts from the open....


cheers

toucan

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  #417 (permalink)
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indextrader7 View Post
Ok, so this guy has a lot of books. Which one would you guys familiar with him recommend I start with?

All three are great, but I enjoyed "The Daily Trading Coach" the best.

Mike

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  #418 (permalink)
birmingham, al
 
 
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All three are great, but I enjoyed "The Daily Trading Coach" the best.

Mike

+1 That is a good book.

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  #419 (permalink)
Birmingham, AL
 
 
Posts: 1,065 since Apr 2012

Saw some selling pressure (tails on a few candles) and felt a swing down might be due. Shorted, allowed T1 to be hit at +10 arbitrary ticks, and managed P2 until manually trailed stop hit.

Screenr - indextrader7: 6-14-12 live trade

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  #420 (permalink)
Birmingham, AL
 
 
Posts: 1,065 since Apr 2012


+29 ticks today. Not great trading, but a profitable day is what I needed. Chipping away from my 91 tick drawdown. (Well I extended it a bit before bringing it up, as you can see)








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