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Get In, Get up and Leave - trading style
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Get In, Get up and Leave - trading style

  #51 (permalink)
Elite Member
Vancouver Canada
 
Futures Experience: Beginner
Platform: Investor RT & Ninja
Broker/Data: IB & IQ DTN
Favorite Futures: ES
 
Posts: 1,106 since Dec 2014
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FABRICATORX View Post
I thought the markets this week were super weird, so idk if that's a safe analysis.

When I tested that same thing in ES and YM, I found that market retraces up and down before hitting my targets toward end of day. So it would blow me out.

Jimmy

Yes. ES was a bit weird. I wonder whether it's b'cas of the quick run up after NFP and subsequent chop at value high between 1980 to 2010. I am trying to document the market context as well to optimise my execution. Many more months of execution and analysis ahead

 
  #52 (permalink)
Elite Member
Vancouver Canada
 
Futures Experience: Beginner
Platform: Investor RT & Ninja
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@rahulgopi

Learning a lot about market internals.

I am adding NYSE tick to my chart first. I am considering adding Adv/Decline after a week or 2.

I think it will be valuable addition as long as I don't pay too much attention to just 1 indicator.

By the way, I am reading your blogs from 2013. Great stuff about psychology and traders' journey.

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  #53 (permalink)
Elite Member
Vancouver Canada
 
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bobwest View Post
This is crying out for automation, since you're displaying data that is readily available in digital form. (Not that I'm offering, mind you -- it probably would be a big job.)

After a Binge of excel learning yesterday (in addition to $TICK videos), I am proud to achieve some sort of automation.

It's not pretty but I understand the concept of creating chart from excel data now. Hopefully it will increase my efficiency and hence spend less time drawing my results.

Please register on futures.io to view futures trading content such as post attachment(s), image(s), and screenshot(s).


1st is candle stick daily bar.
2nd is my direction and range of targets.
3rd is performance in a Speedometer style


Last edited by Narcissus; October 11th, 2015 at 01:31 PM.
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  #54 (permalink)
Market Wizard
Sarasota FL
 
Futures Experience: Intermediate
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Narcissus View Post
After a Binge of excel learning yesterday (in addition to $TICK videos), I am proud to achieve some sort of automation.

It's not pretty but I understand the concept of creating data from excel chart now. Hopefully it will increase my efficiency and hence spend less time drawing my results.

Please register on futures.io to view futures trading content such as post attachment(s), image(s), and screenshot(s).


1st is candle stick daily bar.
2nd is my direction and range of targets.
3rd is performance in a Speedometer style

I always forget how versatile Excel is....

Bob.

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  #55 (permalink)
Trading for Profit
Kansas City, MO U.S.
 
Futures Experience: Intermediate
Platform: ToS, Ninja
Favorite Futures: ES, Currency, Tacos
 
DrewDown's Avatar
 
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FABRICATORX View Post
I thought the markets this week were super weird, so idk if that's a safe analysis.

When I tested that same thing in ES and YM, I found that market retraces up and down before hitting my targets toward end of day. So it would blow me out.

Jimmy

Not to derail, but so did I. Did better in a micro forex account than I did in the spoos. Hard to account for changes in a plan. Particularly when it comes to emotional, but not as directional, trading. Emotional being the general state of the market, obviously not oneself, ideally.

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  #56 (permalink)
Elite Member
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October 12 2015

Likely NO trading today due to small range so far.
Volume is pretty low due to Holiday in some countries and ?Bonds closed for columbus day.

I am using today to learn more about Market Internals. That's the last piece of puzzle in my trading methodology, I think.
I also decided to pay for algovisor Order flow tool after getting a good discount. It's similar to Jigsaw, but I can visually differentiate big and small players now.

Quick summary of my Trading Methodology

Foundation - Auction Market Theory & Volume profile
Brick & Mortar - Volume study of Renko/Tick/Minute
Bells & Whistles - Algovisor, NYSE tick and Adv/Decline ratio.

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  #57 (permalink)
Every Day I'm a n00b
San Tan Valley, AZ/USA
 
Futures Experience: Advanced
Platform: NT7
Broker/Data: IB, Tallinex, & 10 others.
Favorite Futures: Futures
 
FABRICATORX's Avatar
 
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Narcissus View Post
Foundation - Auction Market Theory & Volume profile
Brick & Mortar - Volume study of Renko/Tick/Minute
Bells & Whistles - Algovisor, NYSE tick and Adv/Decline ratio.

What do you mean by this?

-Jimmy
 
  #58 (permalink)
Elite Member
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Platform: Investor RT & Ninja
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@FABRICATORX

My trading methodology is described here.

https://futures.io/elite-trading-journals/37057-es-s-p-500-futures-contract-trader-3d-volume-method-9.html#post521465

The charts may look complicated due to colour shades (and you may be put off) but my eyes are used to them and convey certain messages.

I can summarise it in few lines.

When Price moves up and down, I focus MOSTLY on the volume that drives that movement.
I look at volume from 3 different angles - Time based i.e 1 minute, Tick based i.e 1500k and Range based- 4 tick. The goal is to differentiate moves by bigger vs smaller players.
My recent additions are NYSE tick and Adv/Decline ratio to keep an eye on broader market state.


I DON'T MONITOR any other instruments like USD, Oil, Gold, Bond etc.
Some may think it's very myopic. I would like to think I'm VERY FOCUSED.

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  #59 (permalink)
Every Day I'm a n00b
San Tan Valley, AZ/USA
 
Futures Experience: Advanced
Platform: NT7
Broker/Data: IB, Tallinex, & 10 others.
Favorite Futures: Futures
 
FABRICATORX's Avatar
 
Posts: 195 since Jun 2013
Thanks: 693 given, 160 received

That's really cool, thanks for sharing.

I appreciate viewpoints that are detached from the status quo of trading styles.

I am somewhat learned in volume at price, price at volume trading, but not many I know actually trade it - myself included.

Good work

-Jimmy
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  #60 (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


If you must fiddle with both ends (entries & exits), still try to keep track of multiple targets for each --- to see which *exit* makes the most money. Fiddlin' with both ends can be time consuming at best -- and a fustercluck of confusion at worst.

One way to keep it simple is to take the exact same entry(s), but attempt to enter at (X) ticks better price. If any of these prove to be more profitable than your current entry -- Voila -- you've found a brand new entry to track -- without having to examine or factor-in any new or additional information.

The more factors one examines before entering a trade, the better chance they have to arrive at conflicting information -- which leads to indecisiveness, confusion, second-guessing and a lack of confidence in the trade. If there is any hesitation, for any reason, before entering a trade -- one is quite likely attempting to factor-in too much information. And this lack of confidence is also what leads people to bail-out of trades too early and override their own trading plan.

Peace,
Paige

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