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Price & Volume Trading Journal

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  #1 (permalink)
 ZTR 
 
Experience: Advanced
Platform: NinjaTrader7
Broker: Mirus RCG/Zen-Fire
Trading: CL & 6e, looking at ES, ZB and AU again.
 
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Posts: 2,099 since Nov 2009
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I have decided to take Big Mike's advice and hold myself accountable for my trading. The best way is to start a trading journal.

For the first few entries I will post charts and my (humble) analysis of price and volume analysis and any trades I make.

After missing this morning move I've been looking for an entry point. The ES failed to hold 1128.25 and I'm looking to short @ 1127.25. Assuming a favorable DOM profile. Currently the cumulative depth is 6700x12300 contracts, so I am reluctant to go short unless the number of contracts drops.

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  #2 (permalink)
 ZTR 
 
Experience: Advanced
Platform: NinjaTrader7
Broker: Mirus RCG/Zen-Fire
Trading: CL & 6e, looking at ES, ZB and AU again.
 
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Posts: 2,099 since Nov 2009
Thanks: 1,099 given, 1,392 received

I use 233 tick charts to see mini-failures, but actually trade using a 5 min time-frame in Ninja Trader and execute trades with ChartTrader with a ZenFire feed.

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 cclsys 
Sydney, NS
 
Experience: Intermediate
Platform: Ninja
Broker: Zen-Fire
Trading: TF,S,GC
 
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Looking forward to more.

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  #4 (permalink)
 ZTR 
 
Experience: Advanced
Platform: NinjaTrader7
Broker: Mirus RCG/Zen-Fire
Trading: CL & 6e, looking at ES, ZB and AU again.
 
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Posts: 2,099 since Nov 2009
Thanks: 1,099 given, 1,392 received

My current trading decision are influenced by 3 books
  1. Mark Douglas (M) Trading in the Zone
  2. Brett Steenbarger (B) The Daily Trading Coach
  3. Al Brooks (A) Reading Price Charts Bar by Bar
When talking about trading I will include the initials of one of the three who have influenced me, more may be added later.

Looking back at today (I slept through the open) reminded me that the best price action usually happens during the 1st 2 hours of trading. The chart below shows the 2 major stages of today:
  • Up Trend from the open to 8:45 (PST)
  • Range bound from 8:45 to close.
While I use ChartTrader (Ninja Trader) on a 5 minute chart for executions, I am always looking at the fine structure of price action on the 233 tick chart. The entry can be seen as the micro trendline at 1118 (A) is broken. If a long were entered at this point and held until the trendline (from Friday's low near the close) was broken at 1123 - this would be a 20 tick trade. Paraphrasing Al: do this a few times a month and you are making a living.

The next trade was a breaking of the wedge that formed from 7 Am to 7:25 Am. There was a triple touch of 1123.25, followed by a higher low (A) at 1124. Next time I see this I will risk 6 ticks and look for an exit point. Here it was the double top of the daily high, when I first started noticing the cumulative Bid and Ask amounts (DOM) getting very heavy (10,000x10,000 contracts).

As the market was getting burdened down with a heavy DOM I put together a set of condition for entry (B), and cleared my head of missing that big move this morning (M).

Long Entries: 1130.50 or 1127.75 (If 1127.25 was touched and held)
Short Entries: 1127 or 1129.50 (if 1130.25 was touched and held)

These trades would require a lighter DOM then the greater then 8,000x8,000 contracts I was observing all afternoon. Never happened and I never entered a position as I never saw any other set-up that I thought had a high probability of success.

Tomorrow is gonna be a good day (Paraphrasing the message in The Secret).

Andy

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 traderlars 
Chicago
 
Experience: Advanced
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Trading: ES
 
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thats a r-e-a-l-l-y nice trade, congrats!


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  #6 (permalink)
 ZTR 
 
Experience: Advanced
Platform: NinjaTrader7
Broker: Mirus RCG/Zen-Fire
Trading: CL & 6e, looking at ES, ZB and AU again.
 
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Posts: 2,099 since Nov 2009
Thanks: 1,099 given, 1,392 received

Participating on this site has rekindled my passion for trading over the last two months and posting forces me to focus.

Hope this isn't too much, but it is something I have been formulating for awhile.

To prepare for trading, visualize taking a loss. What? Really, visualizing taking a loss! Yes, being able to emotionally handle a loss in the most important step to being a consistent trader. Visualize it and try to actually feel all of the things that bother you about taking a loss. Trading is about probabilities, so expecting perfection is counter to reality and profitability. But the loss must be exactly predefined (accounting for slippage). How many $ are you willing to risk to find out if your identification of a setup is correct?

Paraphrasing Mark Douglas (M) in Trading in the Zone (pages 121, 130) there are some fundamental truths:
  • Anything can happen -You don't need to know what exactly is going to happen next to make money over time.
  • There is a random distribution between wins and losses for a set of variables that define an edge for a predefined setup. An edge is nothing more than an indication of a higher probability of one thing happening over another: a good setup.
    Every moment in the market is unique. This is why you must accept losses as part of becoming a consistent trader.
  • Nothing that has happened before, either winning or losing trades, has any effect on how you judge the edge in a potential setup. Don't worry about the last trade or you will miss the next one
  • Stay in the Now Moment (M on pages 87 and 130), don't wish and hope. Constantly evaluate your position and be brutally honest.
  • Never let a profit turn into a (big) loss.
On page 189 M states the rules for an exercise to produce consistently profitable days.
So, after visualizing taking a loss what next? Using the method described by Hale Dwoskin in the Sedona Method; let go of all of the bad feelings associated with taking a loss. Until it is recognized that looking for and entering a trade based on a good setup is not guaranteed to be profitable for every trade. What it should be is profitable over many trades.


The exercise:
  • Pick a market. Choose a setup or 2 (keep it simple) that you believe gives you a higher probability of success. If you are unsure of what you have been using,read chapter 15 of Al Brooks' (A) Reading Price Charts Bar by Bar for ideas.
  • Pick one or two setups, know exactly when the conditions are right for an execution and define the price range in which to place your trade.
    I say range because almost everyone who trades talks about the move that got away because they missed it by 1-3 ticks and how the scariest setups in terms of the amount risked sometimes are actually the strongest entry signal.
  • Have a trade management strategy. Currently using Chart Trader with the Advance Trade Management system in Ninja Trader. Using an entry stop with a 100 contract price target. 100 contracts must be filled at that price before a market order (or stop-limit 3-5 ticks away from the determined entry price) is submitted, once the order is filled a 6 tick stop loss market order is automatically placed along with a 13 tick price target limit order. Once filled move both the bracketed stop-loss and limit orders to some point based on the chart or indicator.
Check the financial calendar. My biggest loss was on a day the Fed announced and I was unaware. M goes on to talk about Time frame and taking profits, A suggests using just the 5 min charts, but I will always look at the 233 tick, 30 min and daily charts to make sure something important is not missed. Longer time frames usually have more significance if they concur with your short term setup. Both M and Brett Steenbarger talk about starting with an appropriate size: Start small and once consistent increase. Be patient, how many traders do you know who have blown up their account because they over sized or over traded? Watching the markets is boring, like most jobs, it takes a lot of work and concentration. A get it right when he says that the 1st 2 hours of the day have the highest probability of trending. Look at the ES on 1/4/10 for an example.

In order to really accept the risk take all trades that meet the defined conditions.
It will become second nature. 4 conditions for 4 different trades were described in a the previous post on 1/4/10.

Think about watching The Secret (someone on this site posted it but I could not find it using the site search) - available from NetFlix. It is a method of visualizing what you want and attracting it. It is more than just a positive attitude, it is practice.

Doing all of the above will allow you to enter The Zone (M page 135), the same zone that athletes talk about.

Now, I gotta put my money where my mouth is and not go

Striving to Becoming a Consistently Profitable trader.
Andy

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  #7 (permalink)
 ZTR 
 
Experience: Advanced
Platform: NinjaTrader7
Broker: Mirus RCG/Zen-Fire
Trading: CL & 6e, looking at ES, ZB and AU again.
 
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Doing well with it. Moved my stop to -2 ticks after 1 target reached. Happened so fast I could not click Rev.

30 min Trendline broken. Looking for the possibility of a next leg down.

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 ZTR 
 
Experience: Advanced
Platform: NinjaTrader7
Broker: Mirus RCG/Zen-Fire
Trading: CL & 6e, looking at ES, ZB and AU again.
 
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Posts: 2,099 since Nov 2009
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Still working on Now Moment stuff. Missed a great trade while pondering my feelings about the last one. Gotta learn to stop this - ugh - stuff.

What did I learn? Pretty Patterns can't be second guessed, they are flat out pretty, as are ugly ones. I should have gone long @ 1126.25 anticipating the completion of a really nice higher low, followed by a good Continuation (blue, yellow). This is why I like using ADXVMA_sharky_paint (Thanks Sharky). It goes from Red, to yellow, to blue, making beauty of the pattern stand out.

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 ZTR 
 
Experience: Advanced
Platform: NinjaTrader7
Broker: Mirus RCG/Zen-Fire
Trading: CL & 6e, looking at ES, ZB and AU again.
 
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Posts: 2,099 since Nov 2009
Thanks: 1,099 given, 1,392 received

Book size has gone up almost 4 times in volume. If I had gotten into the Zone I would now be placing sell stop loss @ 1030.25 to protect 16 tick profit. Once above 1131.50 move up stop 4 ticks to 1131.25.

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 ZTR 
 
Experience: Advanced
Platform: NinjaTrader7
Broker: Mirus RCG/Zen-Fire
Trading: CL & 6e, looking at ES, ZB and AU again.
 
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Posts: 2,099 since Nov 2009
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Example of an Al Brooks microTrend BreakUp Failure.
This corresponded with a Buying Climax on the BSVASZLine Indicator
and a maximum in the # of contracts in available on the DOM.

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  #11 (permalink)
 ZTR 
 
Experience: Advanced
Platform: NinjaTrader7
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Dom is light again, TrendLine Down (TLd) is close to being touched on 233 tick chart. Is it time for a trade?

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 ZTR 
 
Experience: Advanced
Platform: NinjaTrader7
Broker: Mirus RCG/Zen-Fire
Trading: CL & 6e, looking at ES, ZB and AU again.
 
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Posts: 2,099 since Nov 2009
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Brutally honest appraisal: I get distracted too easily and don't work hard enough on concentrating on the market during the best times.

Took a 2 tick loss then spent the time after thinking about it rather then staying in the moment and fully concentrating on the possible setups.

Finally, recognized that Sharky's ADXVMA_sharky_paint makes some entry points easily recognizable, once you know what you are actually seeing. I was 2 points behind by the time I regained focus and decided not to chase. Those can be the highest success of probability trades. So what if the first 25% of the trade is lost?

One thing that Al Brooks talks about is the ability to recognize good setups in real time, which is why he uses 5 minute charts, primarily for determining the risk, not just the entry. Looking at the chart below there are several good setups, but the best are in the 1st 2 hours and the last 2 hours. Even I can train myself to concentrate for 2 hours at a time.

Conclusion: It is o.k. to use the fine-structure on quicker charts to recognize the entry, but use the 5 minute charts for determining exit points. Additionally, immediately forget the last trade and require a lock on watching for good setups. Take the mid-day off and really focus when in front of the screen.

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  #13 (permalink)
 ZTR 
 
Experience: Advanced
Platform: NinjaTrader7
Broker: Mirus RCG/Zen-Fire
Trading: CL & 6e, looking at ES, ZB and AU again.
 
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End of Morning Session:

Tried to trade the double top @1133.75 this morning ~8:08, but did it on price not price&volume. So I took a 2 tick loss.

Spending time thinking about building Indicators this morning after input from Zondor and Cory yesterday. Thanks to both of you.

I've added the GomVolumeLadder to the chart, but want to replace it with a DOM ribbon around the price so I can see at a glance the cumulative bad and ask. Later I'll try to look at the GomRecorder and see if I can make the BSVLine & DOMRibbon indicator persistent.

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 ZTR 
 
Experience: Advanced
Platform: NinjaTrader7
Broker: Mirus RCG/Zen-Fire
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Ran a chart with the DOM_Bands Indicator as I had to be out most of the trading day. Chart below. I marked the buy points where I felt the DOM_Bands confirmed a good setup.

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  #15 (permalink)
 ZTR 
 
Experience: Advanced
Platform: NinjaTrader7
Broker: Mirus RCG/Zen-Fire
Trading: CL & 6e, looking at ES, ZB and AU again.
 
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Posts: 2,099 since Nov 2009
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Took out 1.3 total points (after commission). Just before the market open. Was concerned about quicks moves. Next target 1139?

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 cclsys 
Sydney, NS
 
Experience: Intermediate
Platform: Ninja
Broker: Zen-Fire
Trading: TF,S,GC
 
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Posts: 607 since Nov 2009
Thanks: 248 given, 392 received

on your chart where you say you see DOM bands confirming, could you explain a little more what you are seeing there please?

Also, are you saying you are going to try to build the bands to go around the price so they can display on the main chart? That sounds quite interesting if true..

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 ZTR 
 
Experience: Advanced
Platform: NinjaTrader7
Broker: Mirus RCG/Zen-Fire
Trading: CL & 6e, looking at ES, ZB and AU again.
 
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Posts: 2,099 since Nov 2009
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What I noticed after a comment by Cory is that when the yellow (difference between #Bid and #asked) and Blue touch (amount bid) the market has a tendency to move up. See attached chart (arrow denote condition).

This morning there was what looked like an Al Brooks' set up (I still have trouble with his notation): There is a higher low with the Yellow close to the Blue. So the indicator is confiirming what I though was a good setup. The BSVLine is also giving a hold as the Blue line was dominating until 1137 was reached. Should have traded it but...

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 cclsys 
Sydney, NS
 
Experience: Intermediate
Platform: Ninja
Broker: Zen-Fire
Trading: TF,S,GC
 
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Posts: 607 since Nov 2009
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Thanks. Will be monitoring this one.

Ztrade: since you are obviously trading a very fast chart: how long is it taking your order to process, i.e. from when you hit the entry button to when it turns green? It is taking me about 3-10 seconds but I am on dialup (though data is within .5 secs or better and I have 250 ms latency); I have read in other places that it is slow for people with highspeed too so curious as to whether my order-time lag is because of dialup or something to do with Ninja.

Also, am wondering how you can trade these setups unless you have 1 sec or better order processing time..

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 ZTR 
 
Experience: Advanced
Platform: NinjaTrader7
Broker: Mirus RCG/Zen-Fire
Trading: CL & 6e, looking at ES, ZB and AU again.
 
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Posts: 2,099 since Nov 2009
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DOM_Bands showed the Delta below the ask. In other words there are way more contracts on the ask side than the bid side (almost 3x). Should be denoting a significant resistance level @ 1137.50. Will come back later to see if there is a possibility of a long entry or an upside breakout failure. That would be more significant at the previous high, Consolidations just below the previous local (several day) high-region can be long entry points.

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  #20 (permalink)
 ZTR 
 
Experience: Advanced
Platform: NinjaTrader7
Broker: Mirus RCG/Zen-Fire
Trading: CL & 6e, looking at ES, ZB and AU again.
 
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Posts: 2,099 since Nov 2009
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Once I got Zen-Fire it was as super fast. That is comparing it to PATS or TradeStation. With ZF I was no longer getting 1-2 ticks slippage and some times when I trade after market hours I can see my trade print as I let off the mouse. Best data-feed execution package I have ever had - and it show all trades above my filter point on the T&S window. That is not true with other providers. I found this out taking an on-line NinjaTrader class, and my posted trades did not match the instructor's printed trades on the Time and Sales window. I asked what was the feed? ZenFire.

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 cclsys 
Sydney, NS
 
Experience: Intermediate
Platform: Ninja
Broker: Zen-Fire
Trading: TF,S,GC
 
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Posts: 607 since Nov 2009
Thanks: 248 given, 392 received

Glad to hear it. Am supposed to get highspeed in a few days. My neighbour has 65 ms latency - which is FAST. I hope it works via Zenfire that way too.

Another advantage with Ninja-Zen (I have been told but cannot prove) is that orders are sent in immediately so you are in the queue whereas with TS bracket orders are not entered until the price is triggered. I did get some great fills with TS, though, often on low tick of bar with only a few prints, but I suspect in congested or very fast/thick markets they come up short compared to ZenF. Photon looks interesting too, esp. with $2.00 R/T rates.

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 ZTR 
 
Experience: Advanced
Platform: NinjaTrader7
Broker: Mirus RCG/Zen-Fire
Trading: CL & 6e, looking at ES, ZB and AU again.
 
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Posts: 2,099 since Nov 2009
Thanks: 1,099 given, 1,392 received

After Monday's run up the market ran into resistance between 1136 & 1139. Analysis of DOM_Bands predicted this (earlier posting). Once hitting an balance of -3 (3 times more asked then bid) the market staled.

Was productive in indicator template development: DOM_Bands BSVLine Came up with new templates and workspace. Trading was about break-even as I was overwhelmed with all the possibilities gleaned from participating in this forum.

Goals for Next Week. Work an staying focused - Now Moment. Trading is a job not a source for pleasure or pain (winning and losing trades). Take every setup: anticipate and define risk constantly. Work 5 hours a day watching the screens. Coding can only be done when off.

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  #23 (permalink)
 ZTR 
 
Experience: Advanced
Platform: NinjaTrader7
Broker: Mirus RCG/Zen-Fire
Trading: CL & 6e, looking at ES, ZB and AU again.
 
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Posts: 2,099 since Nov 2009
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Went back and ran 12/21/2009. Just to see what a Good Rally looked like. Was reading Dragons Home Runs or Daily Goals? Made me think about big moves in the morning days. On a day like I show in the following charts I'd stopping @ 8:30 and go spend some earnings.

There is a less than one minute to get after the market opens (1st chart) in but the second entry is easier to see and allows the submission of a Long stop anticipating more upside.

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  #24 (permalink)
 ZTR 
 
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Next time I see this going short.

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 ZTR 
 
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Can't help myself. was looking @ indicators and finally got BSVLine in better share thanks to Zondor. Implemented it & made a trade 12 minutes later.

Here is the trade: Long 2 @ 1141.25 + 2 @ 1141.75 + 3@ 1142.25. Exit 7 @1142.25. 5 minutes in the market, 'cause I had an appoint & was late. If I had used a trailing incrementally advanced sell stop might have made (would have made?) 12 more ticks, but do not like to leave unattended trades on days like today.

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 ZTR 
 
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Looking at the 1440 minute (daily) ES it is possible that the rally has run out of steam. Weakening Waves has been the norm, usually a sign that serious resistance has been met with weaker waves of buying. 1st down target 1132, then 1125. EMA(50) is @ 1105. The 6 range chart look like a likely Head&Shoulders, neckline is 1132.

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 ZTR 
 
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Took a break at exactly the wrong time yesterday - 8:00 after getting shaken out of a short at 1136.5. If I had stuck with the 5 minute chart it was obvious that I should try again at 1137.5. Or have based the stop loss on the 6 range chart @1138.25,

Came back at 10 am & and saw that the DOM_Bands has a throw over: delta crossing the ask - Cumulative Bid>>Cumulative Ask. When the opposite happened a few days ago the Market Stalled @1136. (Was not cleared until the market ran up over night on light volume, sold off and ran up into the close.)

Looked like a bottom to me but also a potential region of Barb Wire (Al Brooks). In total disgust I went back to trying to understand why jtRealStats won't work in NT7. Tried another Buy, but was early.

Thanks to Zondor for helpful discussion, going to take his advice. Barry Taylor "uses multiple time frame charts to time his trades. He gives some of the most straighforward and logical trading advice I have seen anywhere."

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  #28 (permalink)
 ZTR 
 
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Here is my new Workspace & What I think is a Head&Shoulders forming on the ES with a neckline near 1128.

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  #29 (permalink)
 ZTR 
 
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So, after my folly using of tick charts, (but they look so cool), I built a workspace based on 5 minute (ADX SMA20, DOM_Bands,GomCD &BVS_Line), 30 min (GomVolumeLadder {SIGN UP for VIP}, ADX, SMA, BSV, DOM, 6 range ADX, GomCDHA, EMA20 & 1440 min charts EMA50, SMA14 bsAC, Vol.

Took the first trade that fit my interperation of Al Brooks. Set a tight limit and reasonable stop loss. Made a total of 1.5 points, not much but it is a start. Actually left the room for coffee and took a break (bad move - oh, well).

Then noticed that the Goms gave good signals at the low of today when there was a Brooks-style failed breakdown @1129.25. BSV confirmed buying and possibly some buy program action.

Again, so glad I found this forum.

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  #30 (permalink)
 ZTR 
 
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That is the question. Bears took control at the end - never see the DOM so heavy. Still selling off as I write.

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 lolu 
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ZTrade101 View Post
That is the question. Bears took control at the end - never see the DOM so heavy. Still selling off as I write.

ZTrade,

I attempted your GOMIVolumeLadder settings as shown on panel 1, but it looks a bit blurred. Yours looks a bit blurred too but better than mine. I've played around with the "font" settings but doesn't seem to work. How can we make the Ladder cleaner and clearer ? Or, can you share your template ?

Lolu

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  #32 (permalink)
 ZTR 
 
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Hadn't really looked at the BA part before tonight. I found that Kilo 1 digit looks best for the number format on my screen. I've attached a template and 5 and 30 minute charts.

I will try it in NT & tomorrow, Thanks.

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  #33 (permalink)
 lolu 
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Hadn't really looked at the BA part before tonight. I found that Kilo 1 digit looks best for the number format on my screen. I've attached a template and 5 and 30 minute charts.

I will try it in NT & tomorrow, Thanks.

ZTrade,

This template (attached in post 32) is your new settings as shown in the attached charts. However, I want the template for the chart on your post 30. Please, can you post that ?

Lolu

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 zt379 
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ZTrade101.
Appreciate your posts here.
I've been using some of the Gomi indicators but I haven't seen how to get the GomVolumeLadder set up on a NT chart.
Any assistance appreciated.
Kind Regards
zt379

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  #35 (permalink)
 ZTR 
 
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I've turned off the BA. Additionally I add ADXVMX_sharky_paint, DOM_Bands, BSVLine_2 and GomCDHA. All from the futures.io (formerly BMT)Forum website (some Gom requires VIP - info for later readers of this post). You will also need GomRecorder. It is not shown as I run it on another chart as only one instance in a workspace is needed (Thanks to Zondor for pointing that out).

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  #36 (permalink)
 ZTR 
 
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Happening right now.

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  #37 (permalink)
 ZTR 
 
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Decided to fade the TrendLine which did not hiold and took a small loss on 2 contracts. Right after I shorted got a signal a reversal was possible, higher low bar, but it reversed at 1142.75 and felt I had to give it one more chance, was mistaken and decided not to chase.

Decided to work on getting indicators in 6.5 to work in 7, it is not that easy for RealStats and I want to look at Gomi's stuff to see if it has been tested in 7. I could not get it to display.

Choppy times like this are harder to trade then ones like yesterday. It is ok to take a break, although the exception is a choppy morning sometime moves during the eastcoast lunch time, today was not one of those days. Also after day or move of Volitility eventually the movment tends to reach some new found equilibrium between bulls and bears, barb wirs (Al Brooks). At this point waiting is the smart play.

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  #38 (permalink)
 ZTR 
 
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Today I go live with NT 7. Want to thank Zondor for an amazing job of debugging 6.5 Indicators and migrating them to 7. There is still more work to do, but the progress in the last 36 hours was spectacular. He debugged RealStats & incorporated the Gom Recorder into BSVLine. DOM_Bands will follow at some point. Pretty sure these, if posted, will go into the elite circle.

I show an expanded chart showing the indicators and RealStats Histogram. (There is some corrupted unscaled data to the left not shown from the recording, gotta fix this for Monday.)

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 lolu 
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ZTrade101 View Post
Today I go live with NT 7. Want to thank Zondor for an amazing job of debugging 6.5 Indicators and migrating them to 7. There is still more work to do, but the progress in the last 36 hours was spectacular. He debugged RealStats & incorporated the Gom Recorder into BSVLine. DOM_Bands will follow at some point. Pretty sure these, if posted, will go into the elite circle.

I show an expanded chart showing the indicators and RealStats Histogram. (There is some corrupted unscaled data to the left not shown from the recording, gotta fix this for Monday.)

ZTrade,

LIVE on NT7 ? Must be NT7Beta.

Why would you want to go LIVE on NT7Beta ? NinjaTrader advises against trading LIVE on NT7Beta, you know.

Lolu

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  #40 (permalink)
 ZTR 
 
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Thank You. I should have been clear I going to run in Sim Mode. I meant Live as in running it during Market Hours vs. Only with Replay.

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  #41 (permalink)
 ZTR 
 
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1st 2 Sim Trades with NT 7

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  #42 (permalink)
 ZTR 
 
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What I did Right & Wrong. Went long @1141.75 with a stop and reversal @ 1040.50. Why? Felt it was a critical point and if 1040.50 did not hold the market would at least test 1137.25. So, I placed a limit order and got coffee. Did the same thing the other morning and was taken out without letting my winner run. If live I would not walked away and would have kept the StopLoss Buy Above the EMA and probably covered at the failed Failure @ 1133.00 (Wishful thinking, but it does fit my rules.) If I had traded with real money I would go to my favorite breakfast place @ 8 or 8:30 and come back at 10:30. No use in give too much back being greedy.

NT 7 is starting to look really good, still some coding bugs in the scaling of RealStats, otherwise stable.

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  #43 (permalink)
 ZTR 
 
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This week was super productive. Collaboration with Zondor fruitful: Check out his posts on NT 7 Indicator coding. Ran NT 7 live data with Sim trading For winning sim day. My contention that the big move up was a squeeze seem right on. Instead of a Head& Shoulders a possible Double Top has Formed. Will be watching if 1128 holds as well as Day trendline that is almost coincident. Can wait for next week.

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  #44 (permalink)
 Zondor 
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On the 1440 minute, it looks like the ES is "ready for liftoff" from that trendline. Bears, beware!

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  #45 (permalink)
 ZTR 
 
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After reading Zondor's comment above I though about who is right? The answer: it does not matter. Just plan your trades. In this case I will be looking to make trades based on two possibilities: The market goes into a bear squeez and moves up or it breaks the uptrend and corrects some of the move from 666 to ~1145.

Either way it seems that something is going to take the market out of the tighter & tighter range of late. Plan trades based on either possibility then execute the one that fits what the market presents.

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  #46 (permalink)
 Zondor 
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ZTrade101 View Post
After reading Zondor's comment above I though about who is right? The answer: it does not matter. Just plan your trades. In this case I will be looking to make trades based on two possibilities: The market goes into a bear squeez and moves up or it breaks the uptrend and corrects some of the move from 666 to ~1145.

Either way it seems that something is going to take the market out of the tighter & tighter range of late. Plan trades based on either possibility then execute the one that fits what the market presents.

I agree completely. There is absolutely no way to know which way it will go.

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  #47 (permalink)
 ZTR 
 
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  • If you plan accordingly, even a first losing trade can be the entry point for a winning one and a whole lot of small losses are covered by a well executed and managed winner.
  • Identify the risk as a point on the chart, it could be anything that has worked before, a trendline an indicator, etc.
  • T&S watching, following the DOM and at how these will effect the chart.
  • Maintain focus and try to enter The Zone.
  • Making more trades with small losses will result to more winning ones.
  • Random is 50%, but a trader can be be right only 33% and still profit.
  • Each trading signal must be executed.

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  #48 (permalink)
 ZTR 
 
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Got up early to see how the new workspace was visualizing the market, saw an opportunity for a short @1132.00. Then thunderstorms in SF? decided to exit with 2 ticks and not risk power failing. Woke up and saw that I could have made a good trade if I had held it.

DomBands, BSVLine & jtRealStats all retooled by Zondor are working great after we tweaked the GUI to allow greater user control of the variables, like the number of Bid&Ask level summed.

Yes, I went back to a tick chart, but it is 765 ticks, in attempt to distinguish big from small players based on total bar volume. If traded volume/minute picks up will increase tick size to approximate 5 min chart.

Worked with Zondor on interpreting what the retooled indicators were doing, he suggested a buy @1127.75, Based on BetterBuySellVolume (confirmed by BuySellLine) & DOM_Bands, plus a gut from reading the Time&Sales tape. I suggested a limit sell @ 1132.00, based on previous price action.

Good test, then got caught up with self-congrats and missed the screaming buy as the Market went past 1132 again. Decided not to chase, More evidence that the scariest setups, the ones that require the most risk, are sometimes the best. In this case the market never even came close to a stop out until past 1140.

Feel I am really close. Must work on Focus. Will visualize myself in The Zone, for a few minutes. Then, after a break, come back.

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  #49 (permalink)
 cclsys 
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Looks like you are doing very good work. Thanks for publishing it here.

Is that BetterBuySellVolume available anywhere?

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  #50 (permalink)
 ZTR 
 
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Today realized that I was indecisive in the afternoon session, because there were too much going on, on my charts. While I like BetterBuySellVolume, hVWAP, & LegHL (I could go on and on). All of these add a lot to a chart, by drawing lots of things. Things that must be kept straight. All I needed to know was that the trendline of the daily chart was breached for a few minutes this morning and the trend then continued up wards. That was a buy signal, at least for today.

Came to the conclusion that I am a price and volume trader for a reason, when doing that, am more likely to get into the right trade. Also need to watch the flow of the Time & Sales window at critical points. The concept of trading without a chart is understandable, I just can't do it. I use the chart to back decisions to enter and exit & watch the T&S window (Tape Reading) for conformation at important chart points. Doing it all the time is way too taxing.

What does a trader actually need? Price tick charts that approximate 5 minutes, it is the best time frame, but I still want the volume information displayed as to small and large trades. Simply put, bars with less volume are less significant. I want DOM_Bands as it give a recorded picture of supply and demand. Will decide later if BetterBuySellVolume will replace BSVLine. There is is a lot of information there that could be useful, but like today = TMI!

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 ZTR 
 
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Mid Day Analysis:
Squat head&Shoulders? TLu break down. Possible target EMA50 @1107? over a few days or week. Hope I see a down trend ladder trade set up. Possible 20 pt swings?

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  #52 (permalink)
 Big Mike 
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Hi ZTrade101,

Just wanted to pop in and say "thanks!", good job on the posts and journal, and keep it up.

Has your trading improved as a result of this thread? My hope is yes, and I'm always trying to encourage others to start similar threads so they too can benefit. Thanks for being an inspiration to them.

Is the avatar picture you?

BTW, on your TMI post, yes that's a great revelation. Now the real trick is what you'll end up doing about it over time in the future. The allure of indicators is strong.... it's like the dark side.

Mike

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  #53 (permalink)
 ZTR 
 
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Thanks Mike,

I feel writing something down helps. Writing it down and putting it out there so people can scrutinize it - That really forces you to do a better job. Especially if you get constructive criticism

Being on this Forum has been a total immersion in trading, something I had not done in a disciplined manner in several years. Having to post a journal entry and be honest? That has help the most in improving my trading results, like the rules I posted in #47

The avatar is me at Halloween - in David Bowie's Blue Jean makeup + I like the hat.

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  #54 (permalink)
 ZTR 
 
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I woke up after the market opened and was upset I missed my sell point at 1131.75. Waited for a pause and went short @1125.50, with 4 tick risk. Too little, will use 6 from now on.

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 ZTR 
 
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Never see this before. The DOM is missing rows, but the Cummulative DOM_Bands is still getting values.

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 ZTR 
 
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I missed the 2 best trades of the day and took 2 that were losses, but fit my rules and are part of the cost of trading.

Should have shorted @ 1131.75, but woke up late and missed it. Waited for a reentry and used too tight a stop. Missed a Short 2nd trade 1117.50, then though I'd try for a bounce and everything looked good until major resistance @1115. Stuck to my rules covered at 1113.25.

Longer Time frame analysis: Market broke 1125 area and expect a test of the 1109 low or EMA(50) @1108.75

Gotta take every trade.

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 ZTR 
 
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Today I identified 3 critical mistakes that keep me from have a profitable day:

  1. Take all trades that fit your setup
  2. Take more initial risk
  3. Give the position a chance to make you $$$
I am not taking all the setups I identified. Will show chart examples below. When GomCHDA turns blue, Buy after a sell off.

Short when GomCDHA turn Red after a run up, especially if it corresponds to a point on the Range chart or Ladder (not shown).

In the chart posted earlier today I should have taken 6 ticks of risk, I have corrected this.

I exited a position when I was actually getting a 2nd Short signal (ala Al Brooks)@ 1117.25, I covered. Stop loss should have been 1118.00. Exit should have been the Yellow bar at 12:24 pm with a corresponding yellow bar on the GomCHDA @1113.50

Change in trading habit: Need to leave my initial stop loss alone for a longer period of time. I will correct this.

Bottom Line: Lost $$$, but if I make these changes to my trading procedure I will achieve my goal of being a:

Consistently Successful Trader.

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 Prtester 
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do you guys succeed modifying the GOM recorder to save the market depth also?

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dsraider
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Interesting stuff you've got here. Maybe I should start keeping track like this myself. Thanks for posting.

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 ZTR 
 
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To everyone thinking about a journal - Just Do it.

Practice is fine, but to know if you really understand something, take a test that someone else grades. Trading with real $ is an example.

" To know and not to do is really not to know." Covey.

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  #61 (permalink)
 ZTR 
 
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ZenFire was unreliable today, 2nd day in a row I have has connectivity drop outs. Today was so bad I was unable to trade. Missed a really great setup as ID'ed from the 8k ladder & 6 Range.

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  #62 (permalink)
 lolu 
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ZTrade101 View Post
ZenFire was unreliable today, 2nd day in a row I have has connectivity drop outs. Today was so bad I was unable to trade. Missed a really great setup as ID'ed from the 8k ladder & 6 Range.

ZTrade,

How did you get the GOMVolumeLadder showing the bars on this chart ? Did you not set BA Ladder to "False" ? If you set BA Ladder to "True", then what are the settings that enable you to still have the bars displayed ?

Lolu

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 emini_Holy_Grail 
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ztrader - what broker was it? I have Mirus futures and zen. but had issues historical data and Mirus resolved and it was NT issue. I didnt have issue in real time data though since 8.00am CST

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 GoldStandard 
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lolu View Post
ZTrade,

How did you get the GOMVolumeLadder showing the bars on this chart ? Did you not set BA Ladder to "False" ? If you set BA Ladder to "True", then what are the settings that enable you to still have the bars displayed ?

Lolu

Hi Lolu - to get the bars to display I adjust the Properties of that chart and increase the bar size to 8 or 10. Unfortunately Ninja doesnt save the bar size after indicators are adjusted so if you are adjusting the chart a lot you'll have to keep opening up the Properties and adjusting the bar size.

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 lolu 
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GoldStandard View Post
Hi Lolu - to get the bars to display I adjust the Properties of that chart and increase the bar size to 8 or 10. Unfortunately Ninja doesnt save the bar size after indicators are adjusted so if you are adjusting the chart a lot you'll have to keep opening up the Properties and adjusting the bar size.

No, no, no ... I want the BA Ladder bars to be slim and smallish as shown in ZTrade's chart.

I suspect setting the GomVolumeLadder "Auto scale" option to "False" will suffice. So, I did this setting and it seems satisfactory to a considerable extent.

Thanks.

Lolu

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 ZTR 
 
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Ladder Charts & Templates. Look at Parameters, make changes and see what happens.

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 ZTR 
 
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emini_Holy_Grail View Post
ztrader - what broker was it? I have Mirus futures and zen. but had issues historical data and Mirus resolved and it was NT issue. I didnt have issue in real time data though since 8.00am CST

How was it NT7 issue?

I use Rosenthal Collins Group.

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  #68 (permalink)
 ZTR 
 
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On a day the market did something it has not in many months, I was not able to trade for several reasons...

The last penetration of the EMA50 was in October, preceded by one in July. In November the EMA50 was touched & the market bounced interday off this line. Yesterday it ended up stuck to this line and today went right through it.

Silverlining: If this is a retracement volatility should pick up.

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Ronin
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End of Morning Session:

Tried to trade the double top @1133.75 this morning ~8:08, but did it on price not price&volume. So I took a 2 tick loss.

Spending time thinking about building Indicators this morning after input from Zondor and Cory yesterday. Thanks to both of you.

I've added the GomVolumeLadder to the chart, but want to replace it with a DOM ribbon around the price so I can see at a glance the cumulative bad and ask. Later I'll try to look at the GomRecorder and see if I can make the BSVLine & DOMRibbon indicator persistent.

I see that the double top was a great short possibility but it was against the trend. Happened to me many times.So, I implemented a rule on counter trend trade entries.The rule is not to wait more than 5mins on any counter trend short entry.If there is no follow through then the stop is moved tighter for less risk.

Served me well. Won two trading tournaments finishing in first place on both.

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  #70 (permalink)
 ZTR 
 
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I made 2 trades this morning based on Big Mike's latest Video and a link which talked about order flow he posted. I traded 1 contract, took 9 ticks of initial risk and had only 2 ticks of draw down in each case - well timed.

1st Trade: Got in late, but it was based on order flow and I felt protected by the big contract buyers. Got out early as it was 1:30 am PST and I was happy to make a good entry and did not want to leave it unattended.+ 4 ticks,

2nd Trade Went short based on order flow and chart pattern. Didnt't like the reversal and covered. +4 tick.

Didn't take next setup, which was a mistake, but I was not focused and felt the marked would stay in a channel as outlined in the chart below.

Took a break and saw that I should have bought the last TLd touch on the 6Range. Oh Well. At least I realized it was a buy even if I was not here to trade it.

Realized that I am not using limit orders to my advantage and still not taking all of the best setups.

Not going to trade for a while, need to take a break. Although moving out of the channel, will wait until later to decide if a retest of the EMA50 @1108 is a reasonable upside target over the few sessions. Short term 1103 looks possible, but how choppy? The move up from 1089.75 is pretty steep.

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  #71 (permalink)
 ZTR 
 
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Didn't end up in the hospital as planned, doc kick me loose with just a med change. Yea!

Wasn't planning on trading, but...

Made 2 trades, should have made a short on the DOM_Bands/RealStats ThrowOver, @1196, but was still groggy. Instead took the MicroTrendline Break Up. Saw Resistance took a quick 2 tick loss and looked for a reentry point. Found one after a really good consolidation pattern. Entered 2 ticks late but felt protected by the T&S action: I color my T&S as to buy, sell, etc. - when I see all one color predominating I enter in that direction if everything else fits. Knew there was resistance above 1196 and felt the movement was capped and took out 7 ticks, Market moved down quickly and went back up & stopped at 1198.50. Taking most of a move fits my rules.

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  #72 (permalink)
 Zondor 
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In the Elite section I just posted the version of jtRealstats that ZTrade is using in NT7.



It seems to work very reliably now. The main modules have error handling code to prevent it from crashing.

Thanks to John Thom for this great indicator, and to RJay for the upgraded version that I converted.

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  #73 (permalink)
 ZTR 
 
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Buy patterns using ADXVMA (Sharky/Zondor modified NT7 version)

Noticed that the Sharky's ADXVMA (as modified by Zondor) gives patterns that indicate a buy setup.

In the attached chart 2 set ups can be seen at ~1084 & 1088. That lead to 20+ tick moves.

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  #74 (permalink)
 ZTR 
 
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Decided to make a SIM trade with the brand New NT 7.0.0.7

+5 ticks, using a simple ATM Strategy, but got an error message, & sent it to NinjaTrader Support.

Have no idea if it would have really been executed. Waiting for a Response from NT (I'm sure they won't say, at this point.)

Yes, it is a 512 tick chart, but I saw that BigMike used a 1 min chart for fine structure...

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  #75 (permalink)
 ZTR 
 
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After a rough start the smart thing was to run 6.5 for executions and 7 for charting. Duh!

I stripped 7B7 down to what I knew worked and got my broker to let me run 2 feeds. One Live for 6.5 & one in Global Simulation mode for 7B7.

Trades will be executed on my laptop using 6.5 with just ChartTrader and DOM open. 7B7 will run on my desktop.

I really like 7 and hope it reaches its full potential.

For executions 6.5 has always been reliable and never had problems when it was a bare-bones version on my laptop, I even used to trade at Starbuck & FedEx/Kinkos.

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  #76 (permalink)
 ZTR 
 
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I let emotions get away from me today; but I got a good excuse (nothing to do with NT7). First buy @ 1097.50 produced an error. Switched to SIM mode and just pushed 7B7 to see if it would fail. Took a whole day to sort it out but now have separate computers for trading (NT6.5) and charting(NT7B7).

Where are we at right now?

The Range Chart shows several channels all pointing down. Any upside moves are met with selling, volatility is good, as I had previously speculated. Volume is increasing over a larger # of time periods during the 24 hour cycle. Do not seeing it calming down yet. We are Below the EMA(50) at about 1106 on the daily chart and still Above the EMA(200) at about 1050 (cash chart).

Anything can happen. Patience while waiting for good set ups will be rewarded. More volatility and greater average volume per 24 hours leads to more opportunities for trading after hours, allowing avoidance of times having really high volume and volatility, that I do not feel confident trading.

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  #77 (permalink)
 ZTR 
 
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Wish I stayed up and traded. Couldn't. Great buy signal at 1072.

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  #78 (permalink)
 ZTR 
 
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So I am using 2 computers and I found out they are linked through my broker. So trades made on the laptop show up on the desk top listed as External. This is fantastic - no losing my place looking from one to the other.

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  #79 (permalink)
 ZTR 
 
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Trading when you are not at your best is a bad idea. Although I only took a 3 tick loss, I find myself unable to focus after the doc changed my treatment. Went totally manic for 36+ hours and now am drained to the point of distraction.

Answered a question about what I had posted, said pretty close to what ended up happening (thought the markert was going through a zig-zag upward consolidation below the 6 Range TLd) and then went into a daydream about chart patterns and stopped trading.

I missed 2 really good setups: The first a buy @1088, if it was a zig-zag, this was a zag buy. Then the reversal (Al Brooks) with a 1 pip failure @1093. Should have shorted. Look at the volume in the run up - lots of buying but then you see it struggle above 1192. ADXVMA + the trendline would have kept me in the trade - Grade C, at least I did not lose more than 3 ticks

May not trade the rest of the day, depends on how I feel. This will be a problem for at least a month more. But there is no reason to be upset, this is life, stuff happens and the market will still be there when I am doing better.

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  #80 (permalink)
 ZTR 
 
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Been working with Zondor on optimizing the appearance of some of his Indicators. This is one that really allows one to visualize the tape. Since I am a tape reader,I confirm my decisions based on the what is happening in T&S window, this new indicator records the buys and sells and filters them by trade size. Just playing around with the trade size level cutoff I found that 5 & 19 cutoffs provides good discrimination between trades of the big $$$ and small $$$.

At the market top of 1093.25 the buying of the big $$$ dries up. The blue is big buying, the red big selling and so forth decreasing in size.

This indicator has a serious bug that precludes real-time updating... Not going to be posted until fixed. Have to hit F5 every bar to update.

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  #81 (permalink)
 Big Mike 
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ZTrade101 View Post
This indicator has a serious bug that precludes real-time updating... Not going to be posted until fixed. Have to hit F5 every bar to update.

Make sure any indicators that this indicator references don't have a CalculateOnBarClose = true statement in Initialize(), if you are running COBC false on this master indicator. Anyway, this isn't the thread for this -- you can create a new one in Programmers Paradise if it bugs you for a while

Mike

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  #82 (permalink)
 ZTR 
 
Experience: Advanced
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Retracements are wonderful times for traders, volatility is high and 'round the clock trading is possible.

Went back and ran Replay for the last 3 weeks in an attempt to evaluate the performance of Indicators that Zondor and I have been working on.
  • Wanted to see how DOM_Bands (Visualization of Supply & Demand) can be used to identify stopping & turning points.
  • Next will look at the predictive ability of tracking trades by size (Visualization of the Tape),
  • Using a ladder chart to help decide entry, appropriate risk and exit points.
  • Finally, plan some trades based on the possible scenarios.

On the chart shown I've added a Fibonacci Extension, to gauge possible support and resistance levels. ES is currently below the EMA(50) @ ~1107 and above the 1st Fib level at 1033.75 (rounded to the nearest possible price). That is a decent range and offers the potential for good short term trends.

I'll be posting the results of this study as I accomplish each task.

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  #83 (permalink)
 ZTR 
 
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Ran Replay to generate DOM_Bands, as it not a persistent indicator. It may never be: That is coding beyond my skills.

First chart shows a Road Blocked Market @ 1100. Dom_Bands show a Throw Under: There a lot more cars available for Sale than the on the Bid side of the DOM. Also, TSA shows that the big buyers did not participate in the test of the double top, but stepped in to sell at 1100 and continued to dominate until 1088 was reached. The same thing happened as 1093 was reached, which was a classic Al Brooks' 1 pip failed Break Up, not as extreme an example, but it happened again at 1084. These are Road Blocks and I believe they can be used to confirm trading decisions. Especially when BSV and TSA show that sellers are taking control.

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  #84 (permalink)
 Zondor 
Portland Oregon, United States
 
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A new version of the persistent Buy Sell Volume Total indicator has been posted at



This is a big improvement over the previous versions.

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  #85 (permalink)
 lolu 
Lagos, Nigeria
 
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Zondor View Post
A new version of the persistent Buy Sell Volume Total indicator has been posted at



This is a big improvement over the previous versions.

Zondor,

Please, is there a specific location where the Gomfolder should be (e. g. C:\My Document\NinjaTrader 6.5\gomfolder) ?

Lolu

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  #86 (permalink)
 ZTR 
 
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To comply with Mike's rules I have finalized my workspace with charts and indicators for NT7 and, trading with 6.5.

I've though about this a lot and decided to use an 8k volume chart as my main decision making chart. Included indicators are RealStats, DOM_Bands, TradeSizeAnalyzer with 5 & 19 as the size filters(TSA), ADXVMA_NT7_paint. Also on this monitor are SuperDom, a T&S window, & the Data Box.

Additionally I'll have on my second monitor an 8kVolume GomVolumeLadder with Total, Delta Diff and Delta & BA, with a TSA & ADXVMA_NT7_paint. A 6 Range chart with bwAO, a 100,000 Volume ladder (Volume, Delta Diff and Delta) with hVWAP. Finally a daily chart with bwAO and a Fib retracement.

On my Lap top I will have 6.5 running a 5 minute chart with ADXVMA_sharky and a EMA20. Running chart trader and SuperDOM

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  #87 (permalink)
 Zondor 
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Doesn't really matter where the Gomfolder is located, as long as the GomRecorderIndicator can find it! To do that, the GRI relies on something that you must create called a Windows® Environment Variable.

Here is what I did:
Create a new, empty folder called GomFolder in C:\Documents and Settings\ [default Windows® user name]\LocalSettings
Right click on MyComputer. Go to System Properties -> Advanced.
Click on Environment Variables tab.
On top half of EV page are User variables for [default Windows® user name]
Click NEW.
New variable, enter name; GOMFOLDER
New variable, enter value: %USERPROFILE%\Local Settings\GomFolder
Click OK OK OK etc and you are done.

Whilst connected to a live datafeed, put a GomRecorder Indicator into recording mode (Write Data = True), look in the GomFolder, and see if a data file has been created. If so, you are in business.

You can always refresh the Windows® Explorer view of the GomFolder to see when the data files in it have been last updated.

There is a thread about this on the Ninjatrader forums. Find it by doing a search for GOMCD. I think the thread is called Buy Sell Volume or something close to that.

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  #88 (permalink)
 gomi 
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Well done !
Please keep in mind that the Gomfolder stuff isn't a requirement : it's only to be used if you're not satisfied with the default file location, which is in your "My Documents" folder.

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  #89 (permalink)
 lolu 
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gomi View Post
Well done !
Please keep in mind that the Gomfolder stuff isn't a requirement : it's only to be used if you're not satisfied with the default file location, which is in your "My Documents" folder.

gomi,

Please give more details on the location (i. e. "My Documents\NinjaTrader 6.5"). Do I create the folder manually and what is the folder name (e. g. "Gomfolder", etc). Please give more details.

Lolu

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  #90 (permalink)
 gomi 
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Files are stored by default in the root of "My Documents", which means you have "My Documents\ES ##-##.Binary.dat"

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  #91 (permalink)
 lolu 
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gomi View Post
Files are stored by default in the root of "My Documents", which means you have "My Documents\ES ##-##.Binary.dat"

Yeah, they are there; in fact they have always been there all the time. Thanks.

Lolu

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  #92 (permalink)
 ZTR 
 
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Take home messages:

  • I work better with a 8k volume chart vs. a 5 min, especially overnight.
  • Limit orders work best to initialize entry and minimize risk in range bound markets and Stop orders can be used after a limit initialized order to add contracts to trending markets.
  • The Buy Sell Volume Indicator can be separated into trade sizes represented by different colors and used to either scalp range bound price action or stay in a trend: Shown asTradeSizeAnalyzer (TSA) on the chart.
Made 2 trades today, a buy last night I tried following with a 5 min chart and got stopped out. Should have identified risk based on the 8k vol chart. Market made a higher low & I shorted near the top of the range and was stopped out. Hope to make use of what I learned today, from this point on.

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  #93 (permalink)
 ZTR 
 
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Got into a short late because of the difference of appearance of the same chart on different computers. On NT 6.5 the chart gave a clear Al Brooks failed break up, it did not look like that on NT7. I saw a posting about this earlier on another thread but could not find it again.

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 David_R 
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ZT,

congrats on the moderator status.

I have a question about some of the indys you use. On the DOM bands it seems clear that a short is indicated when yellow and red come together and a long when yellow and blue come together. Im sure you like to see more than that, but isn't that the idea? How do you use/read the other indicators about bid/ask and trade size? What would be the indication you are looking for.

I see you are in SF. I'm down in Mountain View. Did you go see Floored at the Roxie last week?

David

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  #95 (permalink)
 ZTR 
 
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A picture is worth a thousand words, Or in this case 44 pips.

This is the type of trade that can make your week. The 6 range chart gave some head fakes, but the convergence of 2 trendlines at 1084.50 is obvious in hind sight. This will become a trading rule for the future. The EMA 20 would serve as a StopLoss and the TLu break and reversal would serve as a sell signal. I actually shorted at this break but bailed at even. Don't let a profit turn into a loss - Another Rule!

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  #96 (permalink)
 ZTR 
 
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David_R View Post
ZT,


I see you are in SF. I'm down in Mountain View. Did you go see Floored at the Roxie last week?

David

No, I didn't. But plan on going to the Sebastopol Documentary Film Festival to see it. FaceBook Site

Thanks.

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  #97 (permalink)
 ZTR 
 
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David_R View Post
ZT,

seems clear that a short is indicated when yellow and red come together and a long when yellow and blue come together. Im sure you like to see more than that, but isn't that the idea?

David

I use this indicator to determine if the market can move. Have you looked at the DOM_Bands Thread? This is only a confirming indicator. My primary indicator is a trendline, next is the TSA that Zondor has been refining as well as the rules I posted yesterday.

Found a new Rule this morning:
Watch for low volume areas in the Ladder - Prices can move quickly across them.

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  #98 (permalink)
 ZTR 
 
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not bad for being in the clinic. should have reversed & shorted

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  #99 (permalink)
 ZTR 
 
Experience: Advanced
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This has been one hard week: 1st the medical stuff & not being able to sleep, then the many crashes with 7b8. The DOM based indicators that had errors with 7b8, and rebuilding my charts and ES workspace.

The bright spots:
  • Using Revo to do a clean reinstall of NT7.
  • All of the DOM based indicators now run under NT 7b8, thanks Zondor!
  • Started from scratch and rebuilt my charts. (Mike I'd like this to begin my two week period of not touching the charts starting today.)
  • Being appointed Moderator - I feel the position is more of a facilitator than referee & will work hard to make sure things are searchable to the best of my ability. Thanks max-td, that was some really good advice and great ideas.
Will get back to trading soon.

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 cclsys 
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That link keeps taking me to the main page. Am I missing something?


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