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Extracted Thread (per thread starter's request)
- #2,701
- Jul 27, 2017 12:42pm Jul 27, 2017 12:42pm
- Joined Mar 2008 | Status: Trader | 1,728 Posts
- #2,704
- Edited Jul 31, 2017 4:47am Jul 30, 2017 8:24pm | Edited Jul 31, 2017 4:47am
- Joined Mar 2008 | Status: Trader | 1,728 Posts
Trade closed @ B/E plus 1.
- #2,708
- Sep 8, 2017 10:15am Sep 8, 2017 10:15am
- Joined Mar 2008 | Status: Trader | 1,728 Posts
Target Hit...
- #2,715
- Edited 5:01pm Sep 18, 2017 4:40pm | Edited 5:01pm
- Joined Mar 2008 | Status: Trader | 1,728 Posts
- #2,719
- Sep 21, 2017 3:21pm Sep 21, 2017 3:21pm
- Joined Mar 2008 | Status: Trader | 1,728 Posts
Here's a screen shot of what I look at to analyze my trades. On the left screen you will see an OFA footprint chart. The middle screen you will see a candle stick chart and the right screen you will see a liquidity chart along with a level 3 price ladder.
The liquidity chart shows large resting orders that are not visible on a candle stick chart. The blue rectangle lines are large limit buy orders. The red rectangle lines are large limit sell orders. There's a lot more to this liquidity chart than I care to explain. You can google "Auction Vista charts" for more info.
The next chart is a level 3 Price ladder. This is where I place my trades. When I see my setups this is the last chart I look at before clicking the mouse. I don't use the Ninja Dome to place trades.
The Price Ladder is the raw market data. This will tell you exactly where the strength and weakness is without taking a guess on a candle stick chart. These are the tools that you will find in a Prop firm or large Institution. Click on each individual chart to enlarge. Rocky...
