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Price & Volume Trading Journal
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Price & Volume Trading Journal

  #101 (permalink)
 R.I.P. 1960-2010 
 
Futures Experience: Advanced
Platform: NinjaTrader7
Broker/Data: Mirus RCG/Zen-Fire
Favorite Futures: CL & 6e, looking at ES, ZB and AU again.
 
ZTR's Avatar
 
Posts: 2,099 since Nov 2009
Thanks: 1,104 given, 1,390 received

Up 18 pips with new Workspace

Feel like I can enter the Zone for short periods of time. New Visualization Workspace is really helping.

Join me in the ES skype room

Attached Thumbnails
Price & Volume Trading Journal-es-03-10-8192-volume-2_9_2010_813.jpg   Price & Volume Trading Journal-92010trades811.jpg  

Last edited by ZTR; February 9th, 2010 at 12:18 PM. Reason: Added Link
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  #102 (permalink)
 R.I.P. 1960-2010 
 
Futures Experience: Advanced
Platform: NinjaTrader7
Broker/Data: Mirus RCG/Zen-Fire
Favorite Futures: CL & 6e, looking at ES, ZB and AU again.
 
ZTR's Avatar
 
Posts: 2,099 since Nov 2009
Thanks: 1,104 given, 1,390 received

Mid-Day

Finally have a workspace that visualizes price and volume. So many thanks to Zondor. Without his code artistry this would not have been possible.

Goals for this afternoon

  • Enter The Zone again
  • Follow the rules
I missed 3 great entry points, 1062, 1068 & 1069.75. But could not maintain the intense focus necessary to catch these trades. This will come with time.

Attached Thumbnails
Price & Volume Trading Journal-es-03-10-65536-volume-2_9_2010_910.jpg   Price & Volume Trading Journal-es-03-10-8192-volume-2_9_2010_911.jpg   Price & Volume Trading Journal-es-03-10-6-range-2_9_2010_911.jpg  
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  #103 (permalink)
 R.I.P. 1960-2010 
 
Futures Experience: Advanced
Platform: NinjaTrader7
Broker/Data: Mirus RCG/Zen-Fire
Favorite Futures: CL & 6e, looking at ES, ZB and AU again.
 
ZTR's Avatar
 
Posts: 2,099 since Nov 2009
Thanks: 1,104 given, 1,390 received

Done for today


Give myself a B for the day.

Had trouble staying in the zone, but didn't burn up the profit I made early. Stoped after 8:30 and took a break right when the mid-day rally started. When I returned we were in a consolidation. Need to learn to scalp. Missed short @1069 could have gotten 6-8 pips.

What I did right: Followed my rules. Was Patient. Recognized BarbWire
What I did wrong: Didn't stay in the zone long enough to catch the big move.

Attached Thumbnails
Price & Volume Trading Journal-es-03-10-8192-volume-2_9_2010_1206.jpg  
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  #104 (permalink)
 R.I.P. 1960-2010 
 
Futures Experience: Advanced
Platform: NinjaTrader7
Broker/Data: Mirus RCG/Zen-Fire
Favorite Futures: CL & 6e, looking at ES, ZB and AU again.
 
ZTR's Avatar
 
Posts: 2,099 since Nov 2009
Thanks: 1,104 given, 1,390 received

ESChat room Trade - 4 pips

Did this in the clinic after missing the big move down this morning.

Attached Thumbnails
Price & Volume Trading Journal-es-03-10-8192-volume-2_10_2010_eschart-room_trade.jpg  
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  #105 (permalink)
 R.I.P. 1960-2010 
 
Futures Experience: Advanced
Platform: NinjaTrader7
Broker/Data: Mirus RCG/Zen-Fire
Favorite Futures: CL & 6e, looking at ES, ZB and AU again.
 
ZTR's Avatar
 
Posts: 2,099 since Nov 2009
Thanks: 1,104 given, 1,390 received

ES Trading room (Skype) tweaking

Today was not good for trading, not that I lost $ -made 4 pips. But I had a crash at 5:30 am (Pacific time) and needed to leave by 7:15 for a medical appt I have each week at this time.

So, I missed the best trades of the day.

Part of the problem is that I did not have time to prepare as I was frantically uninstalling, then reinstalling 7b8 and then reloading custom indicators & rebuilding the workspace. Took 30 min but I was unable to get into The Zone, until I got to clinic and finally made a trade. Then got told by the nurses to stop moving around & finally quit playing with the computer.

I would hope those participating are on the same page. Especially as to charts and terminology. Example, I saw a Trendline form from 1072.50 to 1068.00(TLd) but was distracted as I had to leave. So I didn't put in an order anticipating a rebound nor one if a breakthrough happened.

Tomorrow, I am going to annotate a 8k chart and a 6 Range chart early before the market opens and post it in the room. That way can show at the same time anyone else, so inclined to participate, can offer there wisdom: Whether it be Posting a Chart or make a comment, what ever you think will help the group identify good setups & anticipate trades.

Check out Beth's Journey to Make Her Millions
A fantastic Read about becoming a consistent trader.

Attached Thumbnails
Price & Volume Trading Journal-es-03-10-8192-volume-2_10_2010_trade.jpg  

Last edited by ZTR; February 11th, 2010 at 09:08 AM. Reason: Bad typist & Phonetic speller, added Link
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  #106 (permalink)
 R.I.P. 1960-2010 
 
Futures Experience: Advanced
Platform: NinjaTrader7
Broker/Data: Mirus RCG/Zen-Fire
Favorite Futures: CL & 6e, looking at ES, ZB and AU again.
 
ZTR's Avatar
 
Posts: 2,099 since Nov 2009
Thanks: 1,104 given, 1,390 received

Mid-Day -6 pips

New Rule: when I think resistance - take the short & Vice Versa

Feel really close to putting it all together.

Long 6:55:13 @ 1061.00 took a 3 pip loss
Entered way late. Should have bought @ 1059.25 when 2nd env band crossed. Used too tight a stop, should have used a limit order & stop should have been @ 1058.00. I constantly make this same mistake and I must fix this.

In tight down channel watch for one more sell off then go long.

Shorted off TLd rejection @ 1062 (late). Another 3 tick loss, Done for the morning. Should have reversed when I exited Short. ES moved up 40+ pips. Let my emotions stop me from doing what was right. Next target ~1075 with TLu Stop @ 1072.25.

Gaps in data from 7B9 crashing. Not helping with my emotions or concentration.

Attached Thumbnails
Price & Volume Trading Journal-es-03-10-8192-volume-2_11_2010_842.jpg  

Last edited by ZTR; February 11th, 2010 at 12:51 PM. Reason: Really thought about Stop Loss placement.
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  #107 (permalink)
 R.I.P. 1960-2010 
 
Futures Experience: Advanced
Platform: NinjaTrader7
Broker/Data: Mirus RCG/Zen-Fire
Favorite Futures: CL & 6e, looking at ES, ZB and AU again.
 
ZTR's Avatar
 
Posts: 2,099 since Nov 2009
Thanks: 1,104 given, 1,390 received

Best Week after all

This week was painful and wonderful at the same time. Participated in the ES Skype Room & finally got 7b9 working. Started see where I had an edge, even if I was not trading, as fixing problems with 7b9 was the most important thing to do.

Must say, if the NT support guys actually read what I wrote, they would have realized my network drive could be a culprit. They saw the McAfee protection suite as a potential problem (due to their experience with other Anti-Virus programs) why not the memeo Backup as one?

Oh, well. I stripped my computer down to bare graphics and only running NinjaTrader 7b9 and finally everything worked. I now have a good workspace that I will not change - Unless Zondor makes DOM Bands persistent, that is the same visualization, so I consider it fair to change and Not violate Mike's rules.

Sunday Night I will start up my dedicated Visualization computer for NT7b9, and my lap top for 6.5, and start thinking about trading again.

Until then I will ride my motorcycle to Mavericks and watch the Biggest Wave surfers on the planet risk their lives to ride Monster Waves.

Wish I could do it


closest I've come was, yesterday, when I pulled a power-wheelie while blowing away a brand new Aprilia Tuono .

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  #108 (permalink)
 R.I.P. 1960-2010 
 
Futures Experience: Advanced
Platform: NinjaTrader7
Broker/Data: Mirus RCG/Zen-Fire
Favorite Futures: CL & 6e, looking at ES, ZB and AU again.
 
ZTR's Avatar
 
Posts: 2,099 since Nov 2009
Thanks: 1,104 given, 1,390 received

Best Rallys have discernible Characteristics

Best Rallys have discernible Characteristics that are described below.

Starting point at the point of consolidation of 3 MAs: CMT, ADXVMA, EMA 20

Preceding large negative TSA, Increasing trend in buys and decreasing tend in sells with the TSD. Price never breaches CMA (futures.io (formerly BMT)Collective).

Ladder has volume attributes that signify that sellers are exhausted.

Consolidation patterns have higher lows. TrendLines hold.

Total Volume of Ladders pass through lighter volume, allowing faster trends. As well as increased buying and have divergences in the d9 oscillator

I might look at Sell offs some time this weekend.

Attached Thumbnails
Price & Volume Trading Journal-es-03-10-8192_ladder-2_12_2010_rally4.jpg   Price & Volume Trading Journal-es-03-10-8192-volume-2_12_2010_rally3.jpg   Price & Volume Trading Journal-es-03-10-8192-volume-2_12_2010_rally2.jpg   Price & Volume Trading Journal-es-03-10-8192-volume-2_12_2010_rally1.jpg   Price & Volume Trading Journal-es-03-10-6-range-2_12_2010_rally5.jpg  

Last edited by ZTR; February 12th, 2010 at 10:35 PM. Reason: same as always. I made it better after some thought.
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  #109 (permalink)
 R.I.P. 1960-2010 
 
Futures Experience: Advanced
Platform: NinjaTrader7
Broker/Data: Mirus RCG/Zen-Fire
Favorite Futures: CL & 6e, looking at ES, ZB and AU again.
 
ZTR's Avatar
 
Posts: 2,099 since Nov 2009
Thanks: 1,104 given, 1,390 received

Sell off

As with the Best Rallys, Sell Off also have discernible Characteristics that are described below.

Starting point at the point of consolidation of 3 MAs: CMT, ADXVMA, EMA 20

Preceding Positive (after Hours so looks smaller) TSA, Increasing trend in sells and decreasing tend in buys with the TSD & Churn bars. Price crossed CMA and fails after several churn bars. After a rapid decline price stays below ADXMA.


Sell off reverses with a double bottom & Weaker selling.

Attached Thumbnails
Price & Volume Trading Journal-es-03-10-8192-volume-2_12_2010_sell_off_1.jpg   Price & Volume Trading Journal-es-03-10-8192-volume-2_12_2010_sell_off_4.jpg  
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  #110 (permalink)
 R.I.P. 1960-2010 
 
Futures Experience: Advanced
Platform: NinjaTrader7
Broker/Data: Mirus RCG/Zen-Fire
Favorite Futures: CL & 6e, looking at ES, ZB and AU again.
 
ZTR's Avatar
 
Posts: 2,099 since Nov 2009
Thanks: 1,104 given, 1,390 received

Secret Science of Price and Volume


Sounds like a possible Book Discussion Thread. I'm going to order one.

Here is a review I found:

Tim Ord's book, "The Secret Science of Price and Volume," analyzes what really drives equity prices, which is Supply and Demand. His unique methodology of Price and Volume analysis: " Ord Volume", evaluates what is moving equity prices at all junctures of their Price Swings, Legs and Price Points. He also uses these methods to evaluate Tops and Bottoms of Price structure and applies them to the major indices as well. Price and volume relationships have been in existence for over a hundred years and will continue to do so. The author presents disciplined trading and investing strategies based on time tested principles that will continue to work because fear, greed and human behavior will always be present in the marketplace.

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