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Day Trading from an Ogre's Point of View


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Day Trading from an Ogre's Point of View

  #241 (permalink)
 
TradingOgre's Avatar
 TradingOgre 
Evans GA/USA
Legendary Market Wizard
 
Experience: Intermediate
Platform: NinjaTrader
Broker: NinjaTrader Brokerage - Philip Capital
Trading: NQ,ES,6E,CL
Posts: 556 since Jul 2018
Thanks Given: 908
Thanks Received: 1,672

Took all of the water cooling loop out of the case, modified the 3 fans on the radiator to mount without the radiator, cleaned the video card. Not sure if the video card will survive we will find out over the weekend. Switching over to all fan cooled. I don't push a cpu hard enough to justify water cooling. I just had it because it came with the case.

Still need to clean the cpu before the new heat sink arrives tomorrow. Should be able to fire it back up late Friday or early Saturday.

I am confident the mother board is ok just not so sure about the graphic card. If it doesn't come up I will just run on the built in graphics on the mother board until I get a new video card.

Still planning on trading from the laptop tomorrow.



This is what it looked like with the water cooling:



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  #242 (permalink)
 researcher247 
Chicago, IL
 
Experience: Advanced
Posts: 437 since Oct 2009
Thanks Given: 289
Thanks Received: 773


TradingOgre View Post
Volume has really dropped off the last 4 days. Looking back to August of last year we were running at about the same 10 day average we have now at 339,000. Last 4 days we have been around 250,000. Last year we were reaching the 10 day average volume on a regular basis. Is NQ looking for a rest from the long uphill climb? We shall see. Maybe the air is too thin and it will pass out and roll back down. LOL!



Thanks for all of the suggestions and info on using trend lines.

Market rotation near all-time highs. After last week's 'action' - culminating with NFP on Friday, this week is very quiet w/small ranges and some breakouts that fade (1st 3 hours of day session trading price action).

It happens, we can't predict volume nor directionality nor 'range' each day and/or week.

My humble opinion - it is what it is this week and apparently it's 'quiet' on the volume front, for sure.

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  #243 (permalink)
 
TradingOgre's Avatar
 TradingOgre 
Evans GA/USA
Legendary Market Wizard
 
Experience: Intermediate
Platform: NinjaTrader
Broker: NinjaTrader Brokerage - Philip Capital
Trading: NQ,ES,6E,CL
Posts: 556 since Jul 2018
Thanks Given: 908
Thanks Received: 1,672


Good day of trading and calling it quits for the week. Hoping my computer parts get here soon so I can get my main computer back running again. Laptop is ok. I have it connected to one of my monitors so at least I am not stuck on a 17 inch display. Rough when you are used to looking at two 34 inch displays.

When I first checked the charts this morning, the drop on 6E caught my eye so I looked closer. On the 5 minute chart I found an old familiar pattern that is very reliable on the EUR. Couldn't resist so I jumped on it and rode it down for a really good gain.



A few other trades on NQ as the morning progressed. Overall a great day in spite of my limited screen space.

I see some things on NQ that warrant a deeper look this weekend once my main computer is back whole again.

Day 4 of combine complete. If I continue at my current rate I estimate hitting the phase 1 profit target at around day 8. The markets and my trading will have the final say in that however.

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  #244 (permalink)
 
TradingOgre's Avatar
 TradingOgre 
Evans GA/USA
Legendary Market Wizard
 
Experience: Intermediate
Platform: NinjaTrader
Broker: NinjaTrader Brokerage - Philip Capital
Trading: NQ,ES,6E,CL
Posts: 556 since Jul 2018
Thanks Given: 908
Thanks Received: 1,672

IT'S ALIVE!!!! The only non-surviving part is the water pump. I think I may have ordered more heat sink than I needed. ROFL!!



What can I say.... it was on sale. LOL!

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  #245 (permalink)
 
TradingOgre's Avatar
 TradingOgre 
Evans GA/USA
Legendary Market Wizard
 
Experience: Intermediate
Platform: NinjaTrader
Broker: NinjaTrader Brokerage - Philip Capital
Trading: NQ,ES,6E,CL
Posts: 556 since Jul 2018
Thanks Given: 908
Thanks Received: 1,672

Interesting price movement through the night. Good volume as well. About 50 points worth of range. Let's see what happens when the US market opens.

Looking forward to a great week. Hope everyone has a great week as well.

Friday's movement was accompanied by a spike in volume. The daily chart appears to have formed a double top. We shall see if it continues down or moves back up to test or break through the highs.




Goals for the week: Continue growing the account(s) in the right direction. Focus on good entries. Trade based on what is on the charts and not by fear or greed. Would be nice to finish the first stage of the TST combine this week but that is up to me and what the markets are willing to give.

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  #246 (permalink)
deathforcee
Veliko Tarnovo , Bulgaria
 
Posts: 1 since Aug 2018
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Thanks Received: 1

Hey Ogre, I am new in trading and you're helping me a lot with your journal. I wonder if you use Level 2 when you trade futures? And can u give me some advice or guidelines about what to learn, because I don't have 3k or more for "academy" or courses

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  #247 (permalink)
 
TradingOgre's Avatar
 TradingOgre 
Evans GA/USA
Legendary Market Wizard
 
Experience: Intermediate
Platform: NinjaTrader
Broker: NinjaTrader Brokerage - Philip Capital
Trading: NQ,ES,6E,CL
Posts: 556 since Jul 2018
Thanks Given: 908
Thanks Received: 1,672


deathforcee View Post
Hey Ogre, I am new in trading and you're helping me a lot with your journal. I wonder if you use Level 2 when you trade futures? And can u give me some advice or guidelines about what to learn, because I don't have 3k or more for "academy" or courses

I have a level two up and running and watch it out of curiosity but do not use it in my decision process.

To start with, focus on one instrument (ES, or NQ or whatever). Study how it moves and what different things can impact it(NASDAQ stock price movements for NQ as an example). Trade your demo account EXACTLY like you would trade a live account. It is far too easy to just let something move against you further than you would live because you can easily just reset the demo account. Can't do that with a live account (unfortunately, ).

Start small and don't get in a hurry. You can make some really good money trading one contract. Over leveraging creates fear of loss and scared money doesn't make money. Until you are reasonably consistent in demo, there is no reason to go live.

Keep the indicators to a minimum. Don't worry about the fancier more advanced stuff until you can understand the basics. I have seen people day trade with just 2 moving averages and do quite well.

The number one thing that will have the greatest impact on learning is simply time in front of the screen. Second is keeping detailed records of your trades (a journal).

Although it is geared towards Forex, https://babypips.com/ has a free and really good training section on technical analysis. It applies just as well to the futures market as it does to Forex. They cover everything from the basics to some very advanced technical analysis.

If you are new to trading, give it lots of time. There is a huge learning curve but with patience and consistency you can learn and grow as a trader. This forum is a great resource filled with people who are willing to help. Just look at some of the feedback in my journal. Nothing negative, just good ideas from people who want to see you succeed.

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  #248 (permalink)
 
TradingOgre's Avatar
 TradingOgre 
Evans GA/USA
Legendary Market Wizard
 
Experience: Intermediate
Platform: NinjaTrader
Broker: NinjaTrader Brokerage - Philip Capital
Trading: NQ,ES,6E,CL
Posts: 556 since Jul 2018
Thanks Given: 908
Thanks Received: 1,672

I have been slacking off on my journal. It's been a bit busy around here so trading has been minimal. Should be back at it full speed today.

Still making slow progress on my TST combine account. There is still a reasonable possibility that I can hit the profit target by the end of the week. Not rushing it. Sticking to my trading plan and when I get there, I get there. Haven't made a trade in my personal account this week due to distractions.

Been studying CL a little. Just out of curiosity not actually trading it yet. Right now I have NQ,CL and 6E on my charts. 6E has been making some nice moves lately. CL made a really nice move overnight. Since I stopped getting up very early, I have seem more good moves during the time I used to trade. LOL! Plenty of other opportunities and I can get all the sleep this aging body needs.

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  #249 (permalink)
 
TradingOgre's Avatar
 TradingOgre 
Evans GA/USA
Legendary Market Wizard
 
Experience: Intermediate
Platform: NinjaTrader
Broker: NinjaTrader Brokerage - Philip Capital
Trading: NQ,ES,6E,CL
Posts: 556 since Jul 2018
Thanks Given: 908
Thanks Received: 1,672

Man! Smells like a bull slaughterhouse today. Getting better at not fighting the trend. Grabbed some points on the way down on NQ.

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  #250 (permalink)
 
TradingOgre's Avatar
 TradingOgre 
Evans GA/USA
Legendary Market Wizard
 
Experience: Intermediate
Platform: NinjaTrader
Broker: NinjaTrader Brokerage - Philip Capital
Trading: NQ,ES,6E,CL
Posts: 556 since Jul 2018
Thanks Given: 908
Thanks Received: 1,672


Some observations on CL from today. I still need to go back and see if what I saw today holds true in most markets. These are just what I see from today.

Putting this in the journal just as observations. I did NOT take any CL trades today. Hindsight says I really should have, lol!! Screen caps are from the 500 tick chart. Quick glance back it seems like CL works well with my trading system.




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