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Mike Sullivan Trading Journal

  #191 (permalink)
 msull35706 
Saratoga, NY USA
 
Experience: Intermediate
Platform: NinjaTrader
Trading: CL, GC
Posts: 377 since Aug 2010
Thanks Given: 141
Thanks Received: 809

Greetings

Been studying PNF to define SR areas and OFA footprint analysis to confirm trade execution...

Today, traded 2 ES contracts for 4tix scalp.

The goal is to get winning percentage towards 70% and trade size for Top Step $150k combine...



Mike S.

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Thanked by:

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  #192 (permalink)
 avall38486 
Dallas, Texas
 
Experience: Intermediate
Platform: ninjatrader
Trading: crude oil
Posts: 90 since Dec 2011
Thanks Given: 78
Thanks Received: 43

Mike,
Now this is new. Point and figure, with OFA. But, you are right the support and resistance are very clear. Keep us posted.
Amin

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  #193 (permalink)
 avall38486 
Dallas, Texas
 
Experience: Intermediate
Platform: ninjatrader
Trading: crude oil
Posts: 90 since Dec 2011
Thanks Given: 78
Thanks Received: 43


Mike, here area couple of screen shots with some ideas you may like.
I tried to load the free OFA i have but that crashed NT.
By the way the channels you used to draw on the charts using the price action trading is really very good.
Amin

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  #194 (permalink)
 futurestrader7 
North Carolina
 
Experience: Intermediate
Platform: Ninjatrader
Broker: Ninjatrader
Trading: ES
Posts: 198 since Nov 2013
Thanks Given: 627
Thanks Received: 709

Mike, can you share what your settings are in OFA? I just chose default settings, and all I got was a one candlestick bar. Not sure if I did something wrong or if it's because I installed in during the globex. Thanks!


msull35706 View Post
Greetings

Been studying PNF to define SR areas and OFA footprint analysis to confirm trade execution...

Today, traded 2 ES contracts for 4tix scalp.

The goal is to get winning percentage towards 70% and trade size for Top Step $150k combine...



Mike S.


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  #195 (permalink)
 nightshade 
canton mi
 
Experience: Beginner
Platform: ninja xtrader
Trading: tf, es
Posts: 230 since Jan 2014
Thanks Given: 328
Thanks Received: 146


msull35706 View Post
Greetings

Been studying PNF to define SR areas and OFA footprint analysis to confirm trade execution...

Today, traded 2 ES contracts for 4tix scalp.

The goal is to get winning percentage towards 70% and trade size for Top Step $150k combine...



Mike S.

What's ur exit criteria for dumping it before stop is hit or do you not do that?

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  #196 (permalink)
 msull35706 
Saratoga, NY USA
 
Experience: Intermediate
Platform: NinjaTrader
Trading: CL, GC
Posts: 377 since Aug 2010
Thanks Given: 141
Thanks Received: 809


nightshade View Post
What's ur exit criteria for dumping it before stop is hit or do you not do that?

Nightshade....

All in / All out!!!
Looking for 70% consistent profitability prior to going for another TopStep combine.
Which at this point will be the $150k with $9k target. With 20days to do it, only need to average $450 per day.
Being able to trade up to 15contracts seems doable....

Mike S.

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  #197 (permalink)
 msull35706 
Saratoga, NY USA
 
Experience: Intermediate
Platform: NinjaTrader
Trading: CL, GC
Posts: 377 since Aug 2010
Thanks Given: 141
Thanks Received: 809


avall38486 View Post
Mike, here area couple of screen shots with some ideas you may like.
I tried to load the free OFA i have but that crashed NT.
By the way the channels you used to draw on the charts using the price action trading is really very good.
Amin

Amin

Do you manually draw the SR lines on PNF chart?
For ES... I use 5min, 1 = Box 3 = Reversal setup

Thx for kind words

Have you been able to get OFA to load? I could/can assist if need be...

Keep posting ...

Mike S.

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  #198 (permalink)
 msull35706 
Saratoga, NY USA
 
Experience: Intermediate
Platform: NinjaTrader
Trading: CL, GC
Posts: 377 since Aug 2010
Thanks Given: 141
Thanks Received: 809


futurestrader7 View Post
Mike, can you share what your settings are in OFA? I just chose default settings, and all I got was a one candlestick bar. Not sure if I did something wrong or if it's because I installed in during the globex. Thanks!

FT7

Here ya go with NT OFA setting and VCA settings.
Enjoy

Also keep in mind I use DTN IQ Feed. Go to your Data Series area on chart. So setting is 1. Otherwise use setting of 2 for other data connections and mkt replay.


Mike S.

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  #199 (permalink)
 msull35706 
Saratoga, NY USA
 
Experience: Intermediate
Platform: NinjaTrader
Trading: CL, GC
Posts: 377 since Aug 2010
Thanks Given: 141
Thanks Received: 809

Greetings

No trades due to Day job commitments!!!

Showing 3 nice scalp opportunities after 10AM news release.
Follow the volume flow and look for Foot print to tell you when to pull trigger.
Setups had hi vol support underneath and also was trading thru prior day settlement price...
which I'm finding quite important.....

On PNF chart, there was a Dbl Top [DT] break at 1954.25.. which was a nice entry area...
The Delta print showed nice hi vol on Ask around 1953.50 area... with that and breaking above settlement
what else you need to pull trigger.... So was able to improve entry by 3 tix....

Mike S.

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  #200 (permalink)
 msull35706 
Saratoga, NY USA
 
Experience: Intermediate
Platform: NinjaTrader
Trading: CL, GC
Posts: 377 since Aug 2010
Thanks Given: 141
Thanks Received: 809


Greetings

Nice 2 scalps on ES following the vol flow...
So far, so good on new methodology.
Building confidence is key...


Mike S.

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