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Trading fast markets


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Trading fast markets

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  #971 (permalink)
prague, czech republic
 
Experience: Intermediate
Platform: NT7, MT4
Broker: LMAX
Trading: DAX, Gold, Euro
 
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Posts: 1,517 since Feb 2013
Thanks: 1,740 given, 2,565 received

I have bought a new action cam for POV videos and timelapse series. Have a look at one hour travel jammed into 1 minute. 40 mile trip around city of Prague in stormy weather.



Notice a small American Army convoy in first few seconds of the video

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  #972 (permalink)
prague, czech republic
 
Experience: Intermediate
Platform: NT7, MT4
Broker: LMAX
Trading: DAX, Gold, Euro
 
xelaar's Avatar
 
Posts: 1,517 since Feb 2013
Thanks: 1,740 given, 2,565 received

Trading fast. Riding even faster! Training with a good friend (professional rider) in Misano.


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  #973 (permalink)
prague, czech republic
 
Experience: Intermediate
Platform: NT7, MT4
Broker: LMAX
Trading: DAX, Gold, Euro
 
xelaar's Avatar
 
Posts: 1,517 since Feb 2013
Thanks: 1,740 given, 2,565 received


I have discovered more about myself this event. As we had discussed with you earlier in this and a sister thread, it is very important to have a strong level of self-confidence and high degree of self-evaluation. Without it it is impossible to achieve anything. This has also transpired during this racing event. I had started on a back foot at Thursday, lap time very bad and I did not know where to improve it in a quality, expect just pushing the limits of braking and accelerating, which is the last thing you should do after you learn to do everything right and ride a beautiful line. I hired a buddy of mine as an intructor. He's a professional motorcycle athlete and were competing in World Superbikes Superstock 1000 series. So he rode with me and shown me a footage from his gopro cam. He wasn't polite with s** and f** words. The thing is I am not new to racing or riding motorcycle on a track. But somehow it eroded and while I still remember all the right things I do things wrongly due to lack of trust in everything.

So we started to work from the scratch. From a seating position on straights and in corners, to timely body movement, to location on track during braking and turns. Usually learning it takes quite some time, but for me trusting him leading me faster was not a journey into a new unknown land but rather recalling forgotten landscapes. So it took just 4 training sessions with him to improve to a time close to my ever best times in races. With few more sessions to go and in a race I am confident I would have beaten it. The video is from our last outing on Friday. Unfortunately my gearbox stuck in 3rd at the end of it so I had to retire and call a day, missing the race. It appeared to be not a 3k hit with a gearbox replacement I have feared (this motor is so strong after been tuned to 220 hp it is going through it's third box already), but a 50c clip lost. So it was fixed by the end of the day, but the rain started at night and ruined all further plans. And then I drove home. Another 700 mile trip. Luckily I had 130km/81mph rated trailer so I got home incredibly fast in under 9 hours. A record.

In a sense, participating in a race is like doing a trade - some conditions are under your control like the line you are choosing, braking and acceleration and some aren't - like other riders hitting you, someone crashing into or in front of your and putting oil or a debris on track. There is a risk of writing off your race back and gear (about 15k on average) and getting some injuries that can send you in hospital for long if you aren't lucky. If you are very unlucky it can end up with a wooden casket. So risk is quite real, while reward is more of a personal thing. Only few get 1$ worth plastic medals or cups, most just proud of their participation.

In case of trading we have risk with maybe much higher degree of uncertainty (nobody would race if they would end of with 50% probability of going down, it is probably 1-2 guys crashing during the race on average among 30-40 riders, so it's 1-3% rather, and usually happens with someone making some really bad decision), but far more controllable damage. And quite real rewards. So trading is in my opinion far less risky than any kind of adrenaline sport. And it can give quite a satisfaction too, not only fatten an account.

A lesson learned, not only for racing but for other aspects of life including trading: give yourself an extra credit of trust, never undervalue your abilities and achievements, and if you put some good work into something and have seen positive results - give it a go and don't be afraid to accept a reasonable risk.

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  #974 (permalink)
prague, czech republic
 
Experience: Intermediate
Platform: NT7, MT4
Broker: LMAX
Trading: DAX, Gold, Euro
 
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Posts: 1,517 since Feb 2013
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This is a simple system I wish to explore and share with anybody who is longing for a short term order flow based system. This is not a finished all done bells and whistles path to reaches. Rather an idea, one is open to explore for himself.

I have tested this idea on several different instruments: dax, euro, gold and it seems to be universal, as it is the most fundamental idea.

In a nutshell - open a yesterday's chart, put a structural time frame on, where you can work with whole day's structure on one screen and see all major swings. I use 30 minutes time frame. You can use 1H for 24h markets, or 15-minutes for shorter session markets.



After this is done, mark major swing highs and lows with pin bars or just bars with tails, signalling a reaction and consecutive buying or a sell off. Look to have this price level being reacted to more than once. Paint 3-5 levels, don't go crazy.

After this is done, go to the low time frame, like 1 minute or lower. I like 30 seconds universally. No indicators needed, but you can put a standard bollinger on it, it assists visually.

Don't fade the price running into the level, bollinger will be wide open. Let it react first, break or reverse. After price is settled one way or the other look to fade the level on consecutive approach. Prefer a fast move to the level to a creeping one. You can place an order few ticks before the level - this is should be tested for each instrument. Look to protect these trades after few candle closes. Use fixed take profit. I like 3 risks. Risk should be determined based on current volatility. I like 1-1.5 atrs of the trading time frame. Hence target will be 3-5 atrs.



If you use tools like Jigsaw TS, cumulative delta, simple tape - you have a powerful instrument to trade with this simple system. This is not a holy grail or anything, but a basic idea that works, if you can manage to trade it consistently during few hours of moderate volatility. Avoid trading during dead hours and during market open and ecostat releases when volatility spikes.

I personally can't trade it, it's just too much for me at the moment. But this is totally something I will put an effort into converting into an algorithm. It works well with my delta strength trading model, like everything else.

Remember, this is only to provoke your thought, give you a thesis. It's not a recommendation, please investigate and test before doing anything with real money!

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  #975 (permalink)
Nigeria
 
 
Posts: 1 since Feb 2015
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Hi Xelaar,

How do you manage to use CTS platform with Jigsaw add-on a ninjatrader. Is it on any additional cost. And why would you require confirmation of another DOM though you are using super Tool like Jigsaw.

I love cts but Jigsaw too and you know it can't be added to cts. I don't like Ninja so much and if you are doing it with no additional cost i am definitely going to do the same. CTS and Jigsaw.

I love the your set-up excluding indicators.

Thanks

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  #976 (permalink)
prague, czech republic
 
Experience: Intermediate
Platform: NT7, MT4
Broker: LMAX
Trading: DAX, Gold, Euro
 
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Posts: 1,517 since Feb 2013
Thanks: 1,740 given, 2,565 received

Hi guys, it's been a while. While I tend to update my DAX journal in Elite section from time to time, I totally neglected this general thread. After all it was initially dedicated to doing a Combine.

DAX trading slowly but improving, a decision to cut risk and move to CFD for a time being was a first smart decision for a long time. Granted, I tried my hand at trading larger setups on DAX using CFD back in January 2015 with Dukascopy broker, but volatility spiked then and their spreads became very unreliable, many entries weren't triggered because spread would jump from 1 point to 8 in some key areas, same with stops. So I bailed on it. But the problem was the capital I had committed to developing myself as a DAX intraday trader was very insufficient for intraday swing trading (10k eur). It was ok when I initially moved to attemp to ride small swings with scalping entries, but more erratic market and very variable volatility effectively killed this possibility for me. And I tried to trade for some time with stops being like 750 eur per trade at times, which was more than 7.5% of account, but one-two losses always put me into completely upset state and I was unable to capitilize on next trades. So I had to do something. So when I found another venue to trade CFD cheaper and with more stable spreads and execution it was a no brainer.

I still consider to move back to futures once I trade consitently profitable, but according to my trading plan it would require at least 50k eur capital to be able to work with 10-30 points stops, trading from 1 contact for 20-30 points, up to 3 for 10 points, but as you can see math is still wrong with such large contracts.

Anyway, I will continue with CFD. However, I would like to ask for your opinion. I consider to take a course in trading small cap company stocks. Since I never day traded stocks, taking a course makes more sense than wasting time trying to learn it by trial and error. Time wise it suits me, as US market opens at 3-30 PM and I prefer to finish with DAX by 2 PM. The reason is to have an alternative trading venue, alternative market. I kept looking for additional instruments besides DAX to be able to rely up, but any index is pretty much the same, YM being a most correlated one, but others not too far. And gold and crude require totally different approach, and in my opinion require a lot of hours of sitting and waiting for a setup to come. I do not consider scalping for a few ticks a road ahead for me.

Hence the idea of adding stocks trading skill to my experience. And who knows maybe it will suit me better and I will enjoy it more. A big advantage is there are many trading groups and communities day trading stocks, while with DAX I am pretty much alone, especially with a completely custom approach to it. It's unbelievable lonely at times and I keep questioning myself what if I am chasing a ghost? There is nobody around to look at it from the side..

So let me know what do you think.

Cheers

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  #977 (permalink)
prague, czech republic
 
Experience: Intermediate
Platform: NT7, MT4
Broker: LMAX
Trading: DAX, Gold, Euro
 
xelaar's Avatar
 
Posts: 1,517 since Feb 2013
Thanks: 1,740 given, 2,565 received

Hi guys
Not so much trading recently but today I completed my scale in on gold, 66% on gold vs euro and 33% on gold vs usd.
I don't plan to add more even if NFP will take us closer to lows, but there is a good chance it will take off on nfp is number is quite bad. There are signs that sh%t is going to hit the fan in November, I totally don't buy a lie about a rate hike and I see a possibility of escalation with Russia, so going long gold in my trading account and going to buy few small investment bars with very low spread locally too, in case things get ugly soon and capital controls ensued.

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  #978 (permalink)
NEW DELHI + Uttar Pradesh/INDIA
 
 
Posts: 1 since Jan 2016
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I need 1 hour bar - historical data for CL, Crude Oil, NYMEX for 10-20 years in Excel format, OHLC. Any help will be greatly appreciated.

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