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  • #6,601
  • Quote
  • Jan 28, 2025 10:00am Jan 28, 2025 10:00am
[quote=scalptradr87;15129806]{quote} Rocky was the reason you didn't enter at the red circle because the ADX was under 25? {image}[/quote Nope because I was already in a long trade.
  • #6,602
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  • Jan 28, 2025 10:04am Jan 28, 2025 10:04am
Damn 2 days in a row big opening trade, but again just missed 100 rick winner. I also went long at 8:01 and am at B/E.
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  • #6,603
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  • Jan 28, 2025 10:12am Jan 28, 2025 10:12am
Got out for a nice win. Maybe now will see some consolidation in PA.
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  • #6,604
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  • Jan 28, 2025 10:28am Jan 28, 2025 10:28am
Quoting rockypoint
Damn 2 days in a row big opening trade, but again just missed 100 rick winner. I also went long at 8:01 and am at B/E. {image}
It is OK, Rocky, you can draw blue circle and any number on your charts in hindsight...you been doing the "hindsight" drawing for the last 4 years, you can handle it.

Rocky, you are a kind hearted good chap(with british accent), but do have a strange hobby.
  • #6,605
  • Quote
  • Jan 28, 2025 10:34am Jan 28, 2025 10:34am
Great day with easy PA. Done for the day.
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  • #6,606
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  • Jan 28, 2025 12:24pm Jan 28, 2025 12:24pm
Day 2 of Topstep account, slept in, took this trade. +$294. (this is not live) looked back at the day with a chart like Rocky's, and saw some nice trades. Tomorrow i'll wake up on time. Really like this Bollinger band set at 10, thanks for all the charts rocky i've looked at probably every single one of the 331 pages lol.
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  • #6,607
  • Quote
  • Edited Jan 29, 2025 9:01am Jan 28, 2025 4:30pm | Edited Jan 29, 2025 9:01am
Quoting rockypoint
Great day with easy PA. Done for the day. {image}
Hi Rocky, I am following you passively for while as I like that we trade in similar manner. Thumbs up!

Have you considered to incorporate an exit condition when adx gets way overextended with speed or when there is a volume flush? I am mentioning this as you are leaving $ on the table many times while waiting for the touch of the middle/opposite band in these specific situations. Since you are trading around the session open, taking into a consideration opening range extensions help to point the exits also.
  • #6,608
  • Quote
  • Jan 29, 2025 10:39am Jan 29, 2025 10:39am
Quoting MarcoSx
{quote} Hi Rocky, I am following you passively for while as I like that we trade in similar manner. Thumbs up! Have you considered to incorporate an exit condition when adx gets way overextended with speed or when there is a volume flush? I am mentioning this as you are leaving $ on the table many times while waiting for the touch of the middle/opposite band in these specific situations. Since you are trading around the session open, taking into a consideration opening range extensions help to point the exits also.
Will check it out.
  • #6,609
  • Quote
  • Jan 29, 2025 10:47am Jan 29, 2025 10:47am
After 2 really good PA days, we're due a shitty one and looks like today is it. 3 trades so far a good win to start followed by a loss then a small win. PA really choppy.
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Forgot to post last 4 trades.
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  • #6,611
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  • Jan 30, 2025 12:16pm Jan 30, 2025 12:16pm
Woke up a little late but got 2 nice trades on YM in the Topstep sim account. 1 small win, one really nice win. I trailed the middle of the bollinger bands this time. Really like the price action of YM lately. Rocky your system is so similar to mine, really feel I may adapt to yours more when it comes to futures. It's basically the same thing but with more signals. Think the biggest thing for me would be to get more dialed in to the discretionary part and filter the trades.
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Quoting scalptradr87
Woke up a little late but got 2 nice trades on YM in the Topstep sim account. 1 small win, one really nice win. I trailed the middle of the bollinger bands this time. Really like the price action of YM lately. Rocky your system is so similar to mine, really feel I may adapt to yours more when it comes to futures. It's basically the same thing but with more signals. Think the biggest thing for me would be to get more dialed in to the discretionary part and filter the trades. {image}
If you don't mind here are couple of things to add/think about that will improve your accuracy.
- Have a framework of bigger picture that allows you to see if the price is in a bigger "balance" of not, consider that a squeeze/low adx is a balance and your are trying to catch an imbalanced move to another balance. If you map your chart with a composite volume profile (50, 200 days) you can find ledges where the price is likely to reverse, then you avoid to short/buy to break ledges.
- Local framework to see if where is currently, take a look on opening range, and initial balance and its extensions, these are likely a reversal points on the current session. Vwap and its STD bands are also decent. Again you want to avoid buying/shorting the breaks, instead these are places to cover your position.
- Local volume flushes are your best friend. If there there is flush (volume typically above 2-2.5 STD) you typically want to play a breakout to the opposite direction (trapped positions at lows/highs or people that were forced to exit).
- Ditch the RSI, use instead DI lines (you have ADX already), normalized ADX slope is also good, which will be much more to your utility.
- Speed of volume and price at the breakout moment is essential, if there the price starts to "grind" right after a breakout and volume is slowing, exit right away and wait for the next attempt.
Really nice PA today, fairly easy trading. Hit a lot of doubles today 6 trades and 6 wins. Stress free trading is nice, but doesn't happen that much. All in all an excellent day. Just got back from some shopping, we have guests arriving tomorrow morning from Denmark. My wife's sister, her husband and his parents.
They are wine drinkers so had the liquor store pick the wines, I know very little about wine. Don't drink it, white put me to sleep and red makes me mean. I'll stick to my Beer, Tequila and Bourbon. Just got 2 new bottles Orphan Barrel 15 year old and Herradura Selecion Suprema. Present for putting a new Electric service box and rewiring most of his house his house. 2 Things very hard to find here are good plumbers or electricians.
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I keep getting more Tequila and Bourbon my wife is getting annoyed. I'm waiting for the wood I ordered to arrive so I can build new shelves for the bar.
Quoting rockypoint
I keep getting more Tequila and Bourbon my wife is getting annoyed. I'm waiting for the wood I ordered to arrive so I can build new shelves for the bar.
Nice, post a pic when it's done. I'm a big scotch guy. Do like me some bourbon and rye as well. used to have like 90 bottles, but slowed my buying down lol. Gotta build a display myself eventually.
Quoting scalptradr87
{quote} Nice, post a pic when it's done. I'm a big scotch guy. Do like me some bourbon and rye as well. used to have like 90 bottles, but slowed my buying down lol. Gotta build a display myself eventually.
I can't even look at Scotch. When I was 14 a friend and I finished off a bottle of scotch you can imagine the results. I just bought some Blackberry Crown Royal which is very tasty.
Quoting MarcoSx
{quote} If you don't mind here are couple of things to add/think about that will improve your accuracy. - Have a framework of bigger picture that allows you to see if the price is in a bigger "balance" of not, consider that a squeeze/low adx is a balance and your are trying to catch an imbalanced move to another balance. If you map your chart with a composite volume profile (50, 200 days) you can find ledges where the price is likely to reverse, then you avoid to short/buy to break ledges. - Local framework to see if where is currently, take a look...
Hey, thanks for the reply. I used to use TPO, footprint charts with intraday volume bars instead of timed bars and opening range, vwap bands, etc and used Sierra Charts. Some of it clicked for me, some of it didn't, then went back to timed charts, basic coiling patterns, cumulative delta, etc and went away with the prior. Volume Profile is very useful though, and looking at areas of balance/imbalance made sense. Often times I would take the trades when price faked out one direction, and reversed, and went for a stop run the other direction. As time has gone on, i've just tried to simplify things. Love your tips and thoughts, I will incorporate some of those nuggets and see what I find helpful for me. Definitely agree on volume flushes, something I've used in stocks before. "blowoff tops/bottoms". Appreciate the feedback brother.
Quoting rockypoint
{quote} I can't even look at Scotch. When I was 14 a friend and I finished off a bottle of scotch you can imagine the results. I just bought some Blackberry Crown Royal which is very tasty.
Ah yea I had that experience at 15 with watermelon vodka. Now I cringe at the though of anything watermelon flavored as a drink lol. Crown Royal is smooth and tasty. I all sorts of scotch and world whisky. Bourbon wise I'm obsessed with Smoke Wagon and Wild Turkey. One of my favorite rye's lately was an Old Overholt 11 year cask strength. Sensational stuff. I'm also on an organic wine mission lately.
Quoting scalptradr87
{quote} Hey, thanks for the reply. I used to use TPO, footprint charts with intraday volume bars instead of timed bars and opening range, vwap bands, etc and used Sierra Charts. Some of it clicked for me, some of it didn't, then went back to timed charts, basic coiling patterns, cumulative delta, etc and went away with the prior. Volume Profile is very useful though, and looking at areas of balance/imbalance made sense. Often times I would take the trades when price faked out one direction, and reversed, and went for a stop run the other direction....
Maybe I wrote it in a wrong way, but I am quite systematic, so I need "quantifiable" rules to base the trades on. I like the rocky's approach as I am using 1min HA candles and ADX in the same way, but putting it in context where the price is in the session and volume (balances, extensions and ledges) helps a lot to understand if there is "room to go". Then I am more often in the situation that I fade the squeezes to play a counter trend break and less times with the trend.
  • #6,620
  • Quote
  • Jan 31, 2025 12:15pm Jan 31, 2025 12:15pm
Started the day with 2 small losses, followed by 2 solid wins. Finished the day with three wins . Solid day 60+ ticks. Stuck with the trend for first 5 trades on a not particularly strong uptrend. Last 2 trades were a bearish divergence then just followed price structure for last trade. My guests are arriving shortly they just spent a month in Playa del Carmen. Wednesday they will head up to Phoenix with us and we are off to Switzerland. We've added a short stay in Denmark 5 days
so we can see their new condo in Aarhaus. So we'll be gone about 4 weeks total. Will probably trade a little and check in occasionally. Everyone have a great weekend.
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