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Watching Paint Dry (Bonds and Ninjascript video journal)
So it turned out I was literally $100 off from the drawdown limit. It's just not possible to trade effectively under such circumstances. I tested their risk control system limits a bit. It seems like it doesn't test the drawdown limit on an intraday basis. At least it doesn't stop you trading, it only does that if you hit the daily limit.
So because of that I'm not going to post a video for today. We will continue when I have a fresh account and a fresh view. OneUp Trader is supposed to be available in April, so we'll see if that happens next week.
Ok we're back with a new account. I was looking for things to fill the gap down, and I was looking for a full point. Instead the market was slow. I was able to pull 3 ticks out, and it finally moved higher after I had to head in for work.
Pay attention to the cumulative delta difference column on my chart. When we came down off the first touch of 08 there was a lot of selling only for us to head higher. Such a delta divergence indicates trapped traders, and this indicator was giving me extreme readings today.
I had an issue with the recording today so the first part of the recording is missing. Choppy trading with several decent scalps running away without filling me. Took 3 ticks out.
I certainly have, but I simply don't have the time every day to do the kind of editing that would be necessary. After trading I immediately head to work. Plus I've discovered as people talk to me that they like the fact that they can see literally the entire session. Sure people usually don't watch the whole session. They just remember what the day was like and fast forward to the part they remember to see what I was doing.
Pretty wild trading this morning with several swings. Pulled 8 ticks out at the end. I've been taking shorter targets, and that seems to be helping consistency. I'm up 3 days in a row so yay.
I just stumbled into here as im a paint-drying-watcher myself! Only managed to see the first vid but a huge kudos on putting these out, i think its bold and awesome stuff so thank you for taking the challenge
We look at very similar stuff(Jigsaw guy myself) and i was wondering how long youve been trading?
Also, have you considered trading ZF or ZN instead of ZB? The huge ticksize limits ones style if you dont have a huge account to back it and i think trading 1 lot severely hinders the learning curve. You could instead allow yourself to trade 4 ZF opening up for adding on minor ticks against you if you still have the conviction of the trade to improve your average and then possibly scaling down once you feel uncertain about further moves. Allowing yourself to massage a thick market like the bonds should result in better averages and more minor wins as psychologically i find it easier to take "some off" instead of having to rely on a surgically precise all in all out style. And boy can those minor wins help out on the bottom line when those "bigger" trades dont work out..
ZF trades a little differently when looking at the DOM tho, often moving opposite of whats aggressive - so price goes up when sellers are hammering the bid and vice versa - my theory being its a hedging tool for bigger traders who scale in and out on ZB and ZN.
"Hey! I've got 10 fresh apples to sell, any hungry buyers out here today?!" "Maybe! Just let me check my moving average and RSI!"
Today was a lesson in knowing when to quit. I wasn't too focused from the start, but I was able to get one ok winner. As I went on I started making more mistakes and ended the day -8 erasing what I made yesterday.
