NexusFi: Find Your Edge


Home Menu

 





Experience at Live Trading Rooms


Discussion in Trading Reviews and Vendors

Updated
      Top Posters
    1. looks_one Big Mike with 16 posts (120 thanks)
    2. looks_two plethora with 12 posts (1 thanks)
    3. looks_3 Jaguar52 with 11 posts (84 thanks)
    4. looks_4 cory with 8 posts (6 thanks)
      Best Posters
    1. looks_one Alan with 8 thanks per post
    2. looks_two Jaguar52 with 7.6 thanks per post
    3. looks_3 Big Mike with 7.5 thanks per post
    4. looks_4 mayazoro with 4.3 thanks per post
    1. trending_up 232,179 views
    2. thumb_up 457 thanks given
    3. group 121 followers
    1. forum 248 posts
    2. attach_file 17 attachments




 
Search this Thread

Experience at Live Trading Rooms

  #141 (permalink)
 Family Trader 
Palm Beach County
 
Experience: Advanced
Platform: OEC about to change to Ninja
Trading: ES ,EUR/USD
Posts: 179 since Feb 2011
Thanks Given: 66
Thanks Received: 90


plethora View Post
Trader, do you have a trading room in mind that is great but trades range bars,
or you're saying that range bars are better to trade than time charts?

Trading rooms...hell no...would not know where to go..

IMO, I believe that price range provides the trader far more 'control' than does time based parameters...others will disagree...and that is fine...

But, you did not answer my question...why time and especially 5 minutes?


Trader

Visit my NexusFi Trade Journal Reply With Quote

Can you help answer these questions
from other members on NexusFi?
New Micros: Ultra 10-Year & Ultra T-Bond -- Live Now
Treasury Notes and Bonds
NexusFi Journal Challenge - April 2024
Feedback and Announcements
Better Renko Gaps
The Elite Circle
Exit Strategy
NinjaTrader
Futures True Range Report
The Elite Circle
 
Best Threads (Most Thanked)
in the last 7 days on NexusFi
Get funded firms 2023/2024 - Any recommendations or word …
61 thanks
Funded Trader platforms
39 thanks
NexusFi site changelog and issues/problem reporting
26 thanks
Battlestations: Show us your trading desks!
26 thanks
The Program
18 thanks
  #142 (permalink)
 
plethora's Avatar
 plethora 
Los Angeles, CA
 
Experience: Intermediate
Platform: NinjaTrader
Broker: Rithmic
Trading: GC
Posts: 629 since Dec 2010
Thanks Given: 1,174
Thanks Received: 425

Fast moving range bars push my buttons.
I have less time to think and more opportunity to react.
With time bars I feel I have some control as I know when
they will complete. And 5M bars give more opportunity
for more profits from fewer trades. The range bars
make me nervous and and I react impulsively.

Reply With Quote
  #143 (permalink)
 
plethora's Avatar
 plethora 
Los Angeles, CA
 
Experience: Intermediate
Platform: NinjaTrader
Broker: Rithmic
Trading: GC
Posts: 629 since Dec 2010
Thanks Given: 1,174
Thanks Received: 425



Family Trader View Post
Trading rooms...hell no...would not know where to go..

IMO, I believe that price range provides the trader far more 'control' than does time based parameters...others will disagree...and that is fine...

But, you did not answer my question...why time and especially 5 minutes?


Trader

Trader, I'm a real voyeur when it comes to charts.
Would you mind posting one of yours so I could take a look.

Reply With Quote
  #144 (permalink)
Tundi
Fullerton, CA
 
Posts: 201 since Dec 2010
Thanks Given: 33
Thanks Received: 98


plethora View Post
Trader, I'm a real voyeur when it comes to charts.
Would you mind posting one of yours so I could take a look.

Hey, no child porno allowed on futures.io (formerly BMT).

Reply With Quote
  #145 (permalink)
 
plethora's Avatar
 plethora 
Los Angeles, CA
 
Experience: Intermediate
Platform: NinjaTrader
Broker: Rithmic
Trading: GC
Posts: 629 since Dec 2010
Thanks Given: 1,174
Thanks Received: 425



Tundi View Post
Hey, no child porno allowed on futures.io (formerly BMT).


Reply With Quote
  #146 (permalink)
 Family Trader 
Palm Beach County
 
Experience: Advanced
Platform: OEC about to change to Ninja
Trading: ES ,EUR/USD
Posts: 179 since Feb 2011
Thanks Given: 66
Thanks Received: 90


plethora View Post
Trader, I'm a real voyeur when it comes to charts.
Would you mind posting one of yours so I could take a look.

Sure...just answer my question first...


Trader

Visit my NexusFi Trade Journal Reply With Quote
  #147 (permalink)
 
plethora's Avatar
 plethora 
Los Angeles, CA
 
Experience: Intermediate
Platform: NinjaTrader
Broker: Rithmic
Trading: GC
Posts: 629 since Dec 2010
Thanks Given: 1,174
Thanks Received: 425


plethora View Post
Fast moving range bars push my buttons.
I have less time to think and more opportunity to react.
With time bars I feel I have some control as I know when
they will complete. And 5M bars give more opportunity
for more profits from fewer trades. The range bars
make me nervous and and I react impulsively.


Family Trader View Post
Sure...just answer my question first...


Trader

Here is my answer, Trader.

Reply With Quote
  #148 (permalink)
 
randyjb's Avatar
 randyjb 
Southern California
 
Experience: Intermediate
Platform: NinjaTrader
Trading: TF
Posts: 71 since Jun 2009
Thanks Given: 497
Thanks Received: 34

Hmmm.. there used to be a trading room from a group over at NationalFutures.com that ran 5 and 15 minute charts on ES, TF, YM and 6E. It was managed for John Person by a guy named Butch Hedding I think, but that was a couple of years ago. I cannot vouch for how good it is but it is at least still in operation and I think they provide a free trial of some sort.

Mind you this is not an endorsement of any kind. I just remembered that they traded with 5 minute charts, as you had mentioned.

Happy Trading,
Randy

Reply With Quote
Thanked by:
  #149 (permalink)
 
plethora's Avatar
 plethora 
Los Angeles, CA
 
Experience: Intermediate
Platform: NinjaTrader
Broker: Rithmic
Trading: GC
Posts: 629 since Dec 2010
Thanks Given: 1,174
Thanks Received: 425

Thanks, Randy.
Just looked at the website and it seems they would be upselling proprietary indicators.
And no specific details about the trading room.
But thanks for thinking of me.
Still searching. The one and only MWinfrey at futures.io (formerly BMT) would run a rockin' 5M trading room.

Reply With Quote
  #150 (permalink)
Tundi
Fullerton, CA
 
Posts: 201 since Dec 2010
Thanks Given: 33
Thanks Received: 98


Once upon a time, I was a member of a now defunct trading room whose name will remain anonymous that taught setups on the ES using a 15 and 60 minute chart. The moderator had great success (or so he claimed) because he incorporated tape reading (i.e. discretionary) input into his setups. As a result, his students didn't do anywhere near as well for themselves as he claimed for his account because they only learned the setup rules, not tape reading, which was touchy feely. However, to his credit, he called out trades in realtime, not after the fact. He also claimed to trade 32 ES contracts at a clip. There were times when he doubled and tripled down on a trade. His method was contra-trend.

I will post the setups here as I see them develop if anyone cares. No indicators, nor nothing esoteric. Simply price patterns based on the bars.

Reply With Quote
Thanked by:




Last Updated on December 8, 2020


© 2024 NexusFi™, s.a., All Rights Reserved.
Av Ricardo J. Alfaro, Century Tower, Panama City, Panama, Ph: +507 833-9432 (Panama and Intl), +1 888-312-3001 (USA and Canada)
All information is for educational use only and is not investment advice. There is a substantial risk of loss in trading commodity futures, stocks, options and foreign exchange products. Past performance is not indicative of future results.
About Us - Contact Us - Site Rules, Acceptable Use, and Terms and Conditions - Privacy Policy - Downloads - Top
no new posts