Welcome to NexusFi: the best trading community on the planet, with over 150,000 members Sign Up Now for Free
Genuine reviews from real traders, not fake reviews from stealth vendors
Quality education from leading professional traders
We are a friendly, helpful, and positive community
We do not tolerate rude behavior, trolling, or vendors advertising in posts
We are here to help, just let us know what you need
You'll need to register in order to view the content of the threads and start contributing to our community. It's free for basic access, or support us by becoming an Elite Member -- see if you qualify for a discount below.
-- Big Mike, Site Administrator
(If you already have an account, login at the top of the page)
@gdplus1 .. Hi .. I created the trade buttons you see on my chart .. originally they were the social buttons from TradeSaber and have evolved from there .. a bit time-consuming but so worth it for me .. besides all of the trade placing logic that was required these buttons have the trade setup logic as well ..
for example,
.. a long trade can only be placed when the EMA[14] .. EMA[21] .. and VWAP are rising
.. when all of the indicators agree, a box will appear in the lower right-hand corner in the appropriate color and the phrase "LONG TRADE"
.. when the long order is placed, the stop-loss will be set 3 ticks below the lowest point of 3 previous candles
.. when the stop loss is determined, the number of ticks will be calculated, and the risk-to-reward ratio will be applied to determine the profit target
of course, there is more to it than that but this gives you the idea ..
.. you don't have to be the first one at the party .. just be part of the party ..
my trading has evolved to just focusing on price action .. rarely look at indicators other than EMA[13] .. EMA[21] .. EMA[51] .. the VWAP and of course, Infinity's Supply/Demand Zone indicator .. so this may be the last day with secondary indicators such as the OBVM-CD, MACD, or DS-RSI that have been on my charts at any given time ..
woke up at 3 AM and made some progress on my chart buttons .. always looking to improve the efficiency and effectiveness of the logic behind the buttons .. the strategy gets disabled && the buttons disappear when the daily profit target is reached .. so that is always a good sign ..
upgraded @REPLIKANTO .. one of my next projects is to finish adding a virtual machine to my computer .. that way can trade two separate accounts on one computer using REPLIKANTO .. by two accounts, I mean (for example) APEX on one virtual machine and TOPSTEP on the other .. connecting thru features in REPLIKANTO ..
23 09 13 NQ.fw
.. you don't have to be the first one at the party .. just be part of the party ..
Have you heard about the DEEL suspension of APEX seems suspect to me and they haven't really said anything substantive, Curious what REPLIKANTO would allow you to do that
don't think REPLIKANTO cares where the additional machines are as long as you have different IP addresses .. and using virtual machines will be much faster than connecting two machines via wires && modem..
here is a video of two virtual machines using REPLIKANTO ..
I know there are some concerns by the various governments regarding prop firms that seem to have started with one particular FOREX prop firm where internal documents showed they were intentionally causing people to fail (as I understand it, I have no first-hand knowledge) .. so it wasn't just APEX .. TOPSTEP has a webpage devoted to what they are doing to continue the payouts ..
.. you don't have to be the first one at the party .. just be part of the party ..
been watching my MAE .. most trades the MAE was 25 or less .. so doubled the number of contracts traded .. of course, had to adjust the settings in the AccountEquityGuard
23 09 14a NQ.fw shows my chart before the market opened .. had my expected upper / lower zones .. and a trend-line to follow (or potential trend-line break) 23 09 14a NQ.fw
23 09 14b NQ.fw shows my chart at the first five minutes of trading .. price had touched the upper anticipated zone .. and been denied .. and broken the trend line (but not definitively) .. 23 09 14b NQ.fw
23 09 14c NQ.fw shows my chart at the thirty-minute mark .. can see the price has definitively broken through the trend line .. broken through the lower zone AND the GAP was FILLED .. 23 09 14c NQ.fw
the market has been open for less than 3 hours .. thought I would show price action as it compares to the trend line and upper/lower zones I drew before the market opened (see previous post .. image 23 09 14a NQ.fw
price touched the upper zone .. then dropped below the trend line .. below the VWAP .. below the lower zone .. FILLED THE GAP .. and then rose .. above the VWAP .. above the trend line .. into and above the upper zone
one of the things I am learning from PW is identifying where the price action may go .. and being prepared for whatever it does ..
the daily chart is making me think NQ could see 15800 tomorrow .. "Fresh Cash Friday"
23 09 14 final NQ.fw
.. you don't have to be the first one at the party .. just be part of the party ..
OK .. y'all know how I do it .. got up early
.. highlighted the Supply/Demand zones drawn by Infinity's Supply/Demand Zone indicator ..
.. drew a trend line on the 15-minute chart (which is automatically copied to all NQ charts)
.. since today's direction was bearish .. drew a line above the supply zone where the price would have to cross && test before I would go long ..
from there just traded what was presented .. all bearish
.. 2 contracts
.. 4 trades
.. 5 points / 20 ticks
.. 3+2 accounts
.. done in 30 minutes
TICKS MAE: MIN ( 4) .. AVG (12.9 ticks) .. MAX (29)
NOTE: left the MACD on the chart because I'm seeing a tendency for initial market movement to be aligned to MACD signal line ..
Y'All have a great weekend
23 09 15 final NQ.fw
.. you don't have to be the first one at the party .. just be part of the party ..
I kept going against the main trend, gave a bit back ... something I need to stop doing. I readded my 7 loss max stop on GAT addon, I believe this will add an extra guard to help me in keeping my red days small. I just need to keep taking the extra step of actually walking away.
I'm still struggling with cutting my trades quick. Sometimes my trades wont go my way till after 10-13 ticks. This hope is hindering me. I can only keep trying until I get better at it. If I cut out a winner, then so be it.
@injpowwetrust .. looks like the market was mostly sideways / ranging after 8 AM.. at least on the NQ and presume the ES was similar .. so you were trading the up-leg in a ranging market ..
good job .. find those gold nuggets wherever you can ..
23 09 16b NQ.fw
.. you don't have to be the first one at the party .. just be part of the party ..
I had a few green to red trades that hurt me ... rather difficult morning. I did get 2 trades that went to 20ticks, but I chose to let a few losing trades run big. I should of cut sooner, for some reason my dumb brain didn't want to execute my mental stop. I wanted to cut at -7 ticks, but I let it continue to let it run until 20-24t ticks before cutting. Ideally, I would like to be out of the trade, if it hits -3 ticks.
It was a weird day, probably a few more days of this price action, stay safe!
