Koyaanisqatsi Hototo--wldman out of balance (Page 27) - Trading Journals | futures.io
futures.io futures trading
 

Go Back   futures.io

> Futures Trading, News, Charts and Platforms > Trading Journals


Koyaanisqatsi Hototo--wldman out of balance
Started:May 14th, 2012 (07:40 PM) by wldman Views / Replies:49,908 / 695
Last Reply:November 1st, 2016 (03:53 PM) Attachments:53

Welcome to futures.io.

Welcome, Guest!

This forum was established to help traders (especially futures traders) by openly sharing indicators, strategies, methods, trading journals and discussing the psychology of trading.

We are fundamentally different than most other trading forums:
  • We work extremely hard to keep things positive on our forums.
  • We do not tolerate rude behavior, trolling, or vendor advertising in posts.
  • We firmly believe in openness and encourage sharing. The holy grail is within you, it is not something tangible you can download.
  • We expect our members to participate and become a part of the community. Help yourself by helping others.


You'll need to register in order to view the content of the threads and start contributing to our community. It's free and simple, and we will never resell your private information.

-- Big Mike
     

Reply
 53  
 
Thread Tools Search this Thread

Koyaanisqatsi Hototo--wldman out of balance

Old April 17th, 2013, 08:54 AM   #261 (permalink)
Market Wizard
Chicago Illinois USA
 
Futures Experience: Advanced
Platform: Ninja Trader
Broker/Data: IB
Favorite Futures: duh hammer!
 
wldman's Avatar
 
Posts: 2,055 since Aug 2011
Thanks: 966 given, 2,566 received
Forum Reputation: Legendary

Same commentary as yesterday...

except to note that the interpretation here is slightly more aggressive that the response from @Fat Tails where he suggests lay off contra trend based on VWAP.

Please register on futures.io to view futures trading content such as post attachment(s), image(s), and screenshot(s).

Reply With Quote
     
The following user says Thank You to wldman for this post:
     

Old April 17th, 2013, 09:00 AM   #262 (permalink)
Market Wizard
Chicago Illinois USA
 
Futures Experience: Advanced
Platform: Ninja Trader
Broker/Data: IB
Favorite Futures: duh hammer!
 
wldman's Avatar
 
Posts: 2,055 since Aug 2011
Thanks: 966 given, 2,566 received
Forum Reputation: Legendary

In the context of the...

trusted "old" template. The noted conservative approach from the last post verified. The aggressive approach supported, although with less certainty.

Please register on futures.io to view futures trading content such as post attachment(s), image(s), and screenshot(s).

Reply With Quote
     
The following user says Thank You to wldman for this post:
     

Old April 17th, 2013, 09:34 AM   #263 (permalink)
Elite Member
Bay Area California
 
Futures Experience: None
Platform: TT T4
Favorite Futures: Futures
 
Posts: 710 since Nov 2011
Thanks: 628 given, 730 received



wldman View Post
except to note that the interpretation here is slightly more aggressive that the response from @Fat Tails where he suggests lay off contra trend based on VWAP.

Please register on futures.io to view futures trading content such as post attachment(s), image(s), and screenshot(s).


For me, the days with increasing volatility and aggressive direction change are some of the most difficult, When you are basing trades off vwap I think the conservative approach would have been selling against the lower 1st SD.

Also, I've missed this journal, glad you are starting to pick it up again.


"If I agreed with you, we'd both be wrong."
Attached Thumbnails
Koyaanisqatsi Hototo--wldman out of balance-2013-04-17_0528.png  
Reply With Quote
     
The following 2 users say Thank You to addchild for this post:
     

Old April 17th, 2013, 09:48 AM   #264 (permalink)
Elite Member
Berlin, Europe
 
Futures Experience: Advanced
Platform: NinjaTrader, MultiCharts
Broker/Data: Interactive Brokers
Favorite Futures: Keyboard
 
Fat Tails's Avatar
 
Posts: 9,531 since Mar 2010
Thanks: 4,215 given, 24,857 received


wldman View Post
except to note that the interpretation here is slightly more aggressive that the response from @Fat Tails where he suggests lay off contra trend based on VWAP.


It really depends on the timeframe. If you look at the same situation on a 1-min chart, then there clearly is some support (1), the break through the VWAP (2) and a retest (3) afterwards. There are 3 green bars representing 3 minutes when price moved back to the VWAP. An entry (4) was possible after the retracement back to the VWAP.

The higher time frame in combination with the Heikin-Ashi bars hides that price action.

However, I must admit that there was no such hesitation, when price broke through the VWAP to the upside about on hour earlier. I am a bit careful with applying VWAP to currency futures. The FOREX markets are much larger, so I would prefer to calculate the VWAP based on FOREX volume or at least FOREX tick volume. Currency futures are only the tail of the dog. The intraday volume distribution of 6E may not be representative for the EURUSD FOREX volume. In any case the VWAP calcatulated from the volume of 6E seems to be better than the TWAP, as the TWAP overstates the importance of the Asian session.


Please register on futures.io to view futures trading content such as post attachment(s), image(s), and screenshot(s).

Reply With Quote
     
The following 3 users say Thank You to Fat Tails for this post:
     

Old April 17th, 2013, 10:18 AM   #265 (permalink)
Market Wizard
Chicago Illinois USA
 
Futures Experience: Advanced
Platform: Ninja Trader
Broker/Data: IB
Favorite Futures: duh hammer!
 
wldman's Avatar
 
Posts: 2,055 since Aug 2011
Thanks: 966 given, 2,566 received
Forum Reputation: Legendary

Thank you guys...

Futures Edge on FIO

Are you a NinjaTrader user?

 
When you all contribute to this thread as is going on here, it will become like a encyclopedia of the described method with input from all kinds of valuable perspectives.

One of the issues with the Chicago collaborative that might be interesting as it relates to the aggressive style is the perspective that all of us bring as former floor traders or market makers. We feel compelled to be on every trade. In the crowd, in fact, we'd fight with guys for the "spot" we stood in and once established we fought for every contract. "Paper" or customer order flow was key to everyone's edge, regardless of the traders specific method...you want order flow.

Past that the crowd tends to have the same or similar position. It was always a frenzy and sometimes a war when orders came to the pit.

So, because of that I am always early and often wrong small with the benefit of a lead when the rest of our "new crowd" staring at screens gets on the trade. I do not know that I want to abandon that, BUT, I love the perspective s that you guys are sharing. Exposure to each one makes me better.

Thanks guys.

Reply With Quote
     
The following user says Thank You to wldman for this post:
     

Old April 17th, 2013, 10:43 AM   #266 (permalink)
Market Wizard
Chicago Illinois USA
 
Futures Experience: Advanced
Platform: Ninja Trader
Broker/Data: IB
Favorite Futures: duh hammer!
 
wldman's Avatar
 
Posts: 2,055 since Aug 2011
Thanks: 966 given, 2,566 received
Forum Reputation: Legendary

Hey Man...

@sudhirc

You where around when that base price pressure template was being born. It was amazing how one guy there tried to claim and shepherd that entire discussion. Everything cloaked in secrecy, numerology and the like. Hope you are well and trading well. Please comment and add your perspective Sudhir.

Reply With Quote
     

Old April 17th, 2013, 05:55 PM   #267 (permalink)
Market Wizard
Chicago Illinois USA
 
Futures Experience: Advanced
Platform: Ninja Trader
Broker/Data: IB
Favorite Futures: duh hammer!
 
wldman's Avatar
 
Posts: 2,055 since Aug 2011
Thanks: 966 given, 2,566 received
Forum Reputation: Legendary

When will...

NT release NT8, and will it jack with everyone's set-up?

Reply With Quote
     

Old April 17th, 2013, 06:03 PM   #268 (permalink)
Site Administrator
Manta, Ecuador
 
Futures Experience: Advanced
Platform: My own custom solution
Favorite Futures: E-mini ES S&P 500
 
Big Mike's Avatar
 
Posts: 45,561 since Jun 2009
Thanks: 28,888 given, 80,224 received


wldman View Post
NT release NT8, and will it jack with everyone's set-up?

Watch the prior two NT8 webinars on futures.io (formerly BMT), and attend the next one on April 25th. It's been covered in all of them.

Mike

Due to time constraints, please do not PM me if your question can be resolved or answered on the forum.

Need help?
1) Stop changing things. No new indicators, charts, or methods. Be consistent with what is in front of you first.
2) Start a journal and post to it daily with the trades you made to show your strengths and weaknesses.
3) Set goals for yourself to reach daily. Make them about how you trade, not how much money you make.
4) Accept responsibility for your actions. Stop looking elsewhere to explain away poor performance.
5) Where to start as a trader? Watch this webinar and read this thread for hundreds of questions and answers.
6)
Help using the forum? Watch this video to learn general tips on using the site.

If you want
to support our community, become an Elite Member.

Reply With Quote
     

Old April 17th, 2013, 06:15 PM   #269 (permalink)
Market Wizard
Chicago Illinois USA
 
Futures Experience: Advanced
Platform: Ninja Trader
Broker/Data: IB
Favorite Futures: duh hammer!
 
wldman's Avatar
 
Posts: 2,055 since Aug 2011
Thanks: 966 given, 2,566 received
Forum Reputation: Legendary

Right...

@Big Mike but between now and the end of the year is a little vague for me to schedule time off. Of course Ray has said everything will be beautiful. I believe that he believes that. Very excited for the changes that he mentioned in the webinars. Some members have posted in the past indicating that sometimes things happen. I'd prefer to lower my expectation around an event over which I have no control.

If NT 8 comes out smooth and stays sterling, I'll but the lifetime license and knock that little monthly expense off the books.

Thanks for checking in.

Dan

Reply With Quote
     

Old April 17th, 2013, 06:56 PM   #270 (permalink)
Freemason
Chicago, IL
 
Futures Experience: None
Platform: oil super computer
Favorite Futures: multiple
 
Posts: 193 since Jun 2011
Thanks: 595 given, 191 received


Are you currently watching all 3 charts or are you just showing how you can find good trade locations in similar locations based on whatever chart you may use? Nice to see you posting again btw.

Reply With Quote
     
The following 2 users say Thank You to mongoose for this post:
     

Reply



futures.io > Futures Trading, News, Charts and Platforms > Trading Journals > Koyaanisqatsi Hototo--wldman out of balance

Thread Tools Search this Thread
Search this Thread:

Advanced Search



Upcoming Webinars and Events (4:30PM ET unless noted)
 

Trading Technologies: ADL hands-on

Dec 13

Normal webinar schedule resumes after the holidays

January

Ernie Chan: Risk Management

Elite only

Dedicated Trading Servers: Advantages/Disadvantages w/sam028

Elite only

An Afternoon with FIO member Massive I

Elite only

Leo Murphy: TBA

Elite only
     

Similar Threads
Thread Thread Starter Forum Replies Last Post
Balance of Power Indicator !!!!! Sadboybh NinjaTrader Programming 12 May 17th, 2012 11:25 AM
Minimum account balance to keep it active? jonc Brokers and Data Feeds 5 January 21st, 2011 10:33 PM
strategy runnning balance binthere EasyLanguage Programming 1 September 5th, 2010 08:09 PM
50% Balance Point Rule perryg NinjaTrader Programming 74 May 13th, 2010 05:19 PM
Hedging to balance losing trade emini_Holy_Grail Traders Hideout 1 February 5th, 2010 11:28 AM


All times are GMT -4. The time now is 08:13 PM.

Copyright © 2016 by futures.io. All information is for educational use only and is not investment advice.
There is a substantial risk of loss in trading commodity futures, stocks, options and foreign exchange products. Past performance is not indicative of future results.
 
no new posts
Page generated 2016-12-10 in 0.14 seconds with 20 queries on phoenix via your IP 54.205.0.26