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^TICK and Talk
Updated: Views / Replies:1,833 / 24
Created: by Zxeses Attachments:4

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^TICK and Talk

  #21 (permalink)
Elite Member
Chicago, IL
 
Futures Experience: Advanced
Platform: Ninja
Broker/Data: Ninja
Favorite Futures: ES, Ym, NQ, VTI, SPY, VXUS
 
Posts: 172 since Jan 2013
Thanks: 797 given, 301 received

How did u blow up on 10/3?.....Can't imagine it was because of the Renkos bars

The Market is Smarter than You Are
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  #22 (permalink)
Trading for Fun
Gainesville, Florida, United S
 
Futures Experience: None
Platform: TWS
Broker/Data: IB
Favorite Futures: Stocks
 
Posts: 66 since Dec 2010
Thanks: 30 given, 104 received

Can't help but be curious about your rules #1 & #2. Are you saying that you are willing to risk 1/2 of your total loss limit for this foray on a single trade? I assume I'm misunderstanding something here.

Peace,
Paige

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  #23 (permalink)
3rd times a charm!
San Francisco CA
 
Futures Experience: Intermediate
Platform: Ninja
Broker/Data: CQG
Favorite Futures: ES
 
Zxeses's Avatar
 
Posts: 139 since Jun 2014
Thanks: 90 given, 171 received



Paige View Post
Can't help but be curious about your rules #1 & #2. Are you saying that you are willing to risk 1/2 of your total loss limit for this foray on a single trade? I assume I'm misunderstanding something here.

Peace,
Paige

Well, i had not yet created rules 4 and 5, which were based on my bad trades on Oct 3rd. I had traded good that morning if I remember correctly, but then gave it all back ... and then some ... trading my TF rules in the CL market, just on the expectation that my undestanding of TF trend was a given.. Its not, CL is a different beast and you cant jump from indexes to commodities on a whim...

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  #24 (permalink)
3rd times a charm!
San Francisco CA
 
Futures Experience: Intermediate
Platform: Ninja
Broker/Data: CQG
Favorite Futures: ES
 
Zxeses's Avatar
 
Posts: 139 since Jun 2014
Thanks: 90 given, 171 received

Big Change

Ok, big change for me, I'm going BACK to ES.

I've had enough of TF, this market is not for me.

1. In all my trades (sim/live) I've had about as much luck on a trades vs planned execution.
2. When traders "buy" into TF at the market, the price jumps hard, then recovers hard, this makes it too difficult for me to make consistent strategies, screws with trend channels, skews momentum and moving averages, and makes mince-meat of stop losses.
3. There has been way to many times where I've been right about a trade but got stopped out, even at 21 ticks, to make this safe for me at my current experience level.

I've started to take my past strategies, which at the time I thought were good ideas, and started to apply them to the ES charts, and find that most of them are successful. I've started to discover that the "thick" slower market prevents these unanticipated "jumps". Yes, ES still moves, sometimes hard, but I find these to be predictable moves.

I'm going to work on a revised indicator that still uses ^TICK and ^TRIN data, with a mix of some moving averages in combination with standard deviations and start sim back-testing and live testing next week. I'm hoping to post some results by Wednesday, but I may wait till next Saturday, but this is a must-do change for me.

Another change I'm making is that I'm no longer going to trade on Renko, Range or Tick charts. I will keep these charts up just so I can see more detail, but the trades won't be triggered by them. Minute based charts (1, 3, 15, 60) dominate my screens now, combined with Tick & Trin data for those time frames.

I might revise the time frames to just Fibonacci based time (1,2,3,5,8,13,21,34,55, etc...) as my minute charts.

-Dave

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  #25 (permalink)
Mate
Budapest, Hungary
 
Futures Experience: Intermediate
Platform: Ninjatrader
Broker/Data: TopstepTrader
Favorite Futures: NQ, TF, YM
 
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Posts: 469 since May 2013
Thanks: 632 given, 1,544 received


Zxeses View Post
Ok, big change for me, I'm going BACK to ES.

-Dave

Hey Dave. Good luck with that. If you are a tick lover - and I do see you are, you probably know these guys, and sorry for the duplication if so:
E-Mini Player | E-Mini S&P 500 Futures Key Support/Resistance Levels, Daily Trade Plan and Live Trading Room for Day Traders - EMini Futures Trading

They are using Tick chart to justify trades on the ES, but based on finding, Tick reading is not really for the Russel that is for sure. The russel as you wrote is to quick to follow, the ES is better. So I believe you made a good decision to your strategy with the ES! Looking forward to see your progress

Máté
Full time traderLive journal here
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