Trading NQ Order Flow using Cumulative Delta - Trading Journals | futures io social day trading
futures io futures trading


Trading NQ Order Flow using Cumulative Delta
Updated: Views / Replies:8,878 / 44
Created: by mecb Attachments:43

Welcome to futures io.

(If you already have an account, login at the top of the page)

futures io is the largest futures trading community on the planet, with over 90,000 members. At futures io, our goal has always been and always will be to create a friendly, positive, forward-thinking community where members can openly share and discuss everything the world of trading has to offer. The community is one of the friendliest you will find on any subject, with members going out of their way to help others. Some of the primary differences between futures io and other trading sites revolve around the standards of our community. Those standards include a code of conduct for our members, as well as extremely high standards that govern which partners we do business with, and which products or services we recommend to our members.

At futures io, our focus is on quality education. No hype, gimmicks, or secret sauce. The truth is: trading is hard. To succeed, you need to surround yourself with the right support system, educational content, and trading mentors Ė all of which you can find on futures io, utilizing our social trading environment.

With futures io, you can find honest trading reviews on brokers, trading rooms, indicator packages, trading strategies, and much more. Our trading review process is highly moderated to ensure that only genuine users are allowed, so you donít need to worry about fake reviews.

We are fundamentally different than most other trading sites:
  • We are here to help. Just let us know what you need.
  • We work extremely hard to keep things positive in our community.
  • We do not tolerate rude behavior, trolling, or vendors advertising in posts.
  • We firmly believe in and encourage sharing. The holy grail is within you, we can help you find it.
  • 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.

-- Big Mike, Site Administrator

Reply
 43  
 
Thread Tools Search this Thread
 

Trading NQ Order Flow using Cumulative Delta

  #41 (permalink)
Elite Member
Takoma Park, MD USA
 
Futures Experience: Intermediate
Platform: Investor R/T, TOS, Sierra Chart
Broker/Data: Velocity/TT/DTNIQ
Favorite Futures: NQ
 
Posts: 42 since Dec 2010
Thanks: 7 given, 17 received

Trade 2 and 3 6.6.2012

-4.5
-2.25

After the first trade I didn't see anything that I thought was good value until the last hour. Got long twice after a pullback. Trade 2 was a bad trade because the order flow on the ES was clearly bearish but I got long anyway. Trade 3 was decent but it just wasn't ready to break out to the upside yet. Stopped for the day after the third loser in a row. If I had skipped the second trade I may have kept trading and caught the move when the market did eventually run up into the close.

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 mecb for this post:
 
  #42 (permalink)
Identify Evaluate Execute
Mercer Island WA
 
Futures Experience: Advanced
Platform: Ninjatrader/Strategy Desk
Broker/Data: Various
Favorite Futures: TF/NQ/ES/Stocks
 
djkiwi's Avatar
 
Posts: 561 since May 2010
Thanks: 980 given, 1,524 received

Hi Mecb, nice work on the journal. You put most of us to shame. If you don't mind the intrusion I thought I'd provide a couple of thoughts/ideas.

1. Today

I think your idea of waiting the 1st 15 minutes is a good one unless you understand the volatility of the NQ in the first hour after opening. Within the 1st 15 minutes I have usually a fair idea of what sort of day we are facing by just watching the NYSE tick. I used to watch all of them ADVN, trin, vix, etc etc, sector strength and weakness but I've found the NYSE tick or Nasdaq tick in your case is the best leading indicator. Today within the 15 minutes it was fairly clear we were in for a trend up day. I've put some more notes on market structure in this post:

https://futures.io/elite-circle/11179-cumulative-delta-volume-trading-33.html#post228583

2. Planning

It is unclear whether you are following any set plan each day as you seem to be placing trades purely on developing action.

As I've researched the qualities of master traders and strive to become one myself, the common factor I've found is they all have a very specific plan of where they intend to do business, a risk analysis and what they expect to get out of the trade.

To emulate their success I'm now following a similar process. For example every night I study the charts of 7 instruments looking at potential trades and $risk/reward opporunties. Of those 7 instruments I know which ones are trending and which ones are balanced. Before the day even starts I know which instruments I'm trading (if at all), what type of strategy I will employ, my target and stop. I'm waiting fo the market to come to me and then based on the events that have unfolded since open make a final decision to enter the trade if price comes to my entry area. This has helped me become a better trader in so many ways and would encourage anybody to at least consider the idea. It also makes trading very relaxed.

This is not to say I won't do unstructured trades during the day but these make up 20% and are based on very strict entry criteria and analysis.

Cheers
DJ


Last edited by djkiwi; June 7th, 2012 at 03:32 AM.
Reply With Quote
The following 2 users say Thank You to djkiwi for this post:
 
  #43 (permalink)
Elite Member
Takoma Park, MD USA
 
Futures Experience: Intermediate
Platform: Investor R/T, TOS, Sierra Chart
Broker/Data: Velocity/TT/DTNIQ
Favorite Futures: NQ
 
Posts: 42 since Dec 2010
Thanks: 7 given, 17 received

Recap Friday 6.8.2012


Net +12.50 pts.

3 Trades, 3 good entries. Picked good spots today but trade management definitely needs some work. I'm considering going to an all-in-all out for the two contracts and add a second target when I add a third contract.

Also, I'm reconsidering changing the way I use my S&P chart. I never include in it my screenshots but I use a .75 Renko chart with CDV and up/down tick to confirm my entries. On my second trade today part of the reason I got jumpy and flattened way too soon was that the S&P was still trapped in consolidation while the NQ had already broken out. I'm considering using only my NQ charts for structure and just use the ES order flow as confirmation and ignore the price.

Here are my trades. individual break downs will come saturday or sunday.

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


Last edited by mecb; June 9th, 2012 at 11:30 AM.
Reply With Quote
The following user says Thank You to mecb for this post:
 
  #44 (permalink)
Elite Member
Takoma Park, MD USA
 
Futures Experience: Intermediate
Platform: Investor R/T, TOS, Sierra Chart
Broker/Data: Velocity/TT/DTNIQ
Favorite Futures: NQ
 
Posts: 42 since Dec 2010
Thanks: 7 given, 17 received

6.27.2012

+9 pts.

Haven't traded much the last couple weeks due to my work schedule but had 1 winner today.

Just after 10 EST the NQ retested the consolidation area formed between the end of session yesterday and the overnight globex session.

I've decided to go all-in all-out through at least the end of July because I haven't had great results managing the second contract on a larger profit target.

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

Reply With Quote
 
  #45 (permalink)
Elite Member
Takoma Park, MD USA
 
Futures Experience: Intermediate
Platform: Investor R/T, TOS, Sierra Chart
Broker/Data: Velocity/TT/DTNIQ
Favorite Futures: NQ
 
Posts: 42 since Dec 2010
Thanks: 7 given, 17 received

7.24.2012

1 trade
+9 pts.

NQ was stuck in a range early. I shorted the pullback after it broke down out of that range. Got slight divergence in the Cumulative Delta, Updown tick and NASDAQ TICK. Entered once I was confident the higher time frame order flow was bearish.

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 mecb for this post:

Reply



futures io > > > Trading NQ Order Flow using Cumulative Delta

Thread Tools Search this Thread
Search this Thread:

Advanced Search



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

Jigsaw Trading: TBA

Elite only

FuturesTrader71: TBA

Elite only

NinjaTrader: TBA

Jan 18

RandBots: TBA

Jan 23

GFF Brokers & CME Group: Futures & Bitcoin

Elite only

Adam Grimes: TBA

Elite only

Ran Aroussi: TBA

Elite only
     

Similar Threads
Thread Thread Starter Forum Replies Last Post
Cumulative Delta Volume Trading Big Mike The Elite Circle 980 December 10th, 2017 07:17 AM
Order Flow Trading Concept Sleektrader The Elite Circle 16 September 3rd, 2012 06:47 PM
January 2011 Webinar: Cumulative Delta Trading Techniques FulcrumTrader The Elite Circle 63 August 10th, 2011 09:58 PM
ORDER FLOW TRADING PLATFORM astrading Platforms and Indicators 4 March 14th, 2011 10:47 PM


All times are GMT -4. The time now is 03:22 PM.

Copyright © 2017 by futures io, s.a., Av Ricardo J. Alfaro, Century Tower, Panama, +507 833-9432, info@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 2017-12-14 in 0.11 seconds with 20 queries on phoenix via your IP 54.145.16.43