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Plan the Trade

  • #6,561
  • Jul 5, 2018 10:57am Jul 5, 2018 10:57am
Attached Image (click to enlarge)
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(Actually was HOD Extreme)
GoFundMe -stage-4-glioma-brain-cancer-fighter (link in my profile)
  • #6,562
  • Jul 5, 2018 11:36am Jul 5, 2018 11:36am
Quoting bapakjason
If today is any representation of what can happen consistently, i will hold on to these 10tick range bars . . . {image}
Well done! Would you mind marking your trades? I would love to see them.
Lord, Liar, Lunatic. Those are only 3 options to Christ's diety claim.
  • #6,563
  • Jul 5, 2018 12:03pm Jul 5, 2018 12:03pm
-26 today on NQ, couldn't recover.
'in less than half an hour he made over 100 ticks'
  • #6,564
  • Jul 5, 2018 4:42pm Jul 5, 2018 4:42pm
I had my first live trades today ... decided to give it a try to see how the demo/simulate mode compares with the live mode ... very much the same I must say.

I decided to trade up till a max of either $200 profit or loss and then switch to simulate mode ... I need the live practice because the emotions is just so much more intense in live mode vs simulate mode.

It went fairly well ... had a rough start and then recovered ... was up 4 at a stage but then had 2 wipeouts almost in a row .... one wipeout was one of those market jerks that just jumps past the stops and takes out the trade and then continue in the right direction ... but that is how it works sometimes so it was good to test my emotions in such a situation as well ... I did not freak out :-)

Ended at -37 after the two bombouts and then continued in simulation mode ...

I used 8 tick range charts and although it is good to see the trend I must say the jumps in bars if there is a lot of orders coming through makes the entries a challenge ... but I am getting there ... I also used a indicator to time my trades that works well on the tests but not in live mode so I am eliminating that tomorrow ... practice practice practice.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: NQU8 2.00 Range #1 2018-07-05 17_32_19.839.png Size: 42 KB
Click to Enlarge Name: NQU8 2.00 Range #1 2018-07-05 17_33_02.833.png Size: 36 KB
Never give up !!!
  • #6,565
  • Jul 6, 2018 12:00am Jul 6, 2018 12:00am
Quoting capstone
{quote} Well done! Would you mind marking your trades? I would love to see them.
Just hopped in on the pullbacks around the candle closes when price was moving back with trend. 10tick range candles turned out clear for me today . . .
  • #6,566
  • Jul 6, 2018 12:02am Jul 6, 2018 12:02am
Watching some old videos of H trading nq, seems his BE click on the chart menu would take his SL to BE +1, was i seeing it right? Can this be set up in Sierra? So that the manual BE button is a +1 tick . . .
  • #6,567
  • Jul 6, 2018 2:48am Jul 6, 2018 2:48am
Quoting bapakjason
Watching some old videos of H trading nq, seems his BE click on the chart menu would take his SL to BE +1, was i seeing it right? Can this be set up in Sierra? So that the manual BE button is a +1 tick . . .
I looked at that ages ago, got the button to show but couldn't wire it up. Maybe he'll answer when he has a minute
'in less than half an hour he made over 100 ticks'
  • #6,568
  • Jul 6, 2018 3:05am Jul 6, 2018 3:05am
Quoting bapakjason
Watching some old videos of H trading nq, seems his BE click on the chart menu would take his SL to BE +1, was i seeing it right? Can this be set up in Sierra? So that the manual BE button is a +1 tick . . .
https://www.sierrachart.com/index.ph...reakEvenButton

An offset relative to the Average Fill price of the parent order, can optionally be set on the Set tab of the Trade Window through the Set >> Move To BE Offset (Ticks) setting. This is set in ticks, where 1 equals 1 tick. If this is set to 1 and the Stop order is a Sell Stop, then the Stop order will be moved to 1 tick above the Average Fill price. If this is set to -1 and the Stop order is a Sell Stop, then the Stop order will be moved to 1 tick below the Average Fill price.
  • #6,569
  • Jul 6, 2018 3:38am Jul 6, 2018 3:38am
Quoting angus
{quote} https://www.sierrachart.com/index.ph...reakEvenButton An offset relative to the Average Fill price of the parent order, can optionally be set on the Set tab of the Trade Window through the Set >> Move To BE Offset (Ticks) setting. This is set in ticks, where 1 equals 1 tick. If this is set to 1 and the Stop order is a Sell Stop, then the Stop order will be moved to 1 tick above the Average Fill price. If this is set to -1 and the Stop order is a Sell Stop, then the Stop order will be moved to 1 tick below...
Thank you. This did the trick. I appreciate your time. -jason
  • #6,570
  • Jul 7, 2018 2:49am Jul 7, 2018 2:49am
Looks like friday's 1hr of nyse open session was about 192ticks of movement. I really like nq. Amazing instrument.
  • #6,571
  • Jul 7, 2018 3:02am Jul 7, 2018 3:02am
Anyone ever heard anything + or - about Tradovate? Trades with a monthly fee instead of a per trade commission . .. .
  • #6,572
  • Edited Jul 9, 2018 8:02am Jul 8, 2018 3:15pm | Edited Jul 9, 2018 8:02am
My second live session ... did better than the first one ... ended with a nice 20 profit trade but had to run after that ... still too many trades and ended at -13 ... used the 8 tick range bars but are considering using the 10 tick range bars in stead on Monday ... the waves look less jerky ... had lots of slippage and jumping around after I flattened out a trade ... was a challenge ... practice practice practice
Attached Image(s) (click to enlarge)
Click to Enlarge Name: NQU8 2.00 Range #4 2018-07-08 15_53_45.073.png Size: 36 KB
Click to Enlarge Name: NQU8 2.00 Range #4 2018-07-08 15_54_05.073.png Size: 41 KB
Click to Enlarge Name: NQU8 2.00 Range #4 2018-07-08 15_54_50.074.png Size: 31 KB
Never give up !!!
  • #6,573
  • Jul 9, 2018 9:16am Jul 9, 2018 9:16am
+34 zzzz

Attached Image (click to enlarge)
Click to Enlarge Name: Screen Shot 2018-07-09 at 16.15.26.png Size: 68 KB
'in less than half an hour he made over 100 ticks'
  • #6,574
  • Jul 9, 2018 9:50am Jul 9, 2018 9:50am
Everyone here knows, that i'm in the same boat - that big ball of stress (meaning live trading) is still in the road ahead of me... I keep trying to go around it, but it wont move! I have no option but to switch and go for it and then just keep going!

I have a few tweaks to try first. Earlier i hesitated on a 2B pullback (not my fave, but it felt good all EW things considered), that was an easy +20 missed. I then took another and brought stop up after one retest and seeing it go to +8/9... it nipped back down, stopped me out and then went +20 (let's consider that another 20 missed.

I then decided to leave stops alone and let the trade play out, to at least a +15 (but target more) or it hits my -10 as standard. So i take a risky one and it goes in my favour by +6 but i leave it alone.... it stopped me out for -10.

It's amazing how it works. If i took them all i would be +30. Anyway, before i switch live, i want to test this never ending question of whether to use the auto stops or not. I'm currently confident of leaving the stop well alone until it actually does break out. Win 20+ or lose 10. That way even 50/50 will bring favourable results.... as it is i think that i can do better than 50/50.

I want to share this little observation with you.

I've often spoken about 'blue sky' and i really think it matters. It says when you can expect a move to have legs or not. What goes up fast, often comes down fast (or vica versa). When a move accelerates, it often gets retraced equally without hiccups;

Attached Image (click to enlarge)
Click to Enlarge Name: Q09-07-18.png Size: 186 KB
GoFundMe -stage-4-glioma-brain-cancer-fighter (link in my profile)
  • #6,575
  • Jul 9, 2018 10:19am Jul 9, 2018 10:19am
Quoting The Cableguy
Everyone here knows, that i'm in the same boat - that big ball of stress (meaning live trading) is still in the road ahead of me... I keep trying to go around it, but it wont move! I have no option but to switch and go for it and then just keep going! I have a few tweaks to try first. Earlier i hesitated on a 2B pullback (not my fave, but it felt good all EW things considered), that was an easy +20 missed. I then took another and brought stop up after one retest and seeing it go to +8/9... it nipped back down, stopped me out and then went +20 (let's...
The blue sky trick works a treat. I just see it as unhindered space. I have to admit I tried using prior swing highs/lows for the stops today.
'in less than half an hour he made over 100 ticks'
  • #6,576
  • Jul 9, 2018 3:02pm Jul 9, 2018 3:02pm
My third live session ... ended at -8 ... no too bad ... made one or two unnessary mistakes that cost me a positive ending.
Was tense at one stage and then stood up and walked around a few minutes to calm down ... worked well.
I wait for a trend and then for a pullback and enter after the next candle in the direction of the trend ... used 10 tick range bar charts.

I did an analysis on my trades today based on GC's comments of leaving the trades to either go to -10 or +20 after entry ... no BE stoplosses.

I had 14 trades ... only one outright +20 ... but I had 5 other ones that was either stopped out at 10 or 1 that would have gone for+20 ... 8 trades would have ended at -10 if I just left them ... the end result would have been +120-80= +40 ... interesting idea there ... mmmm.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: NQU8 2.50 Range #5 2018-07-09 15_17_38.953.png Size: 35 KB
Click to Enlarge Name: NQU8 2.50 Range #5 2018-07-09 15_20_24.199.png Size: 41 KB
Never give up !!!
  • #6,577
  • Jul 10, 2018 3:05am Jul 10, 2018 3:05am
Quoting bapakjason
Anyone ever heard anything + or - about Tradovate? Trades with a monthly fee instead of a per trade commission . .. .
That looks very interesting, thanks for posting I have bookmarked it for when I'm ready. Need to run the numbers on my trade entry/exit volumes (which I'm trying to get down....!)
'in less than half an hour he made over 100 ticks'
  • #6,578
  • Jul 10, 2018 4:48am Jul 10, 2018 4:48am
Quoting onejester
{quote} That looks very interesting, thanks for posting I have bookmarked it for when I'm ready. Need to run the numbers on my trade entry/exit volumes (which I'm trying to get down....!)
If their platform is good then it will be worth it ... commissions quickly adds up ... especially if you trade a lot ... but there might be a catch somewhere.
Would be nice to hear an opinion of someone that has been using them for a while.

p.s.
Found something:
https://www.forexfactory.com/showthr...0#post10426930

https://www.forexfactory.com/showthr...5#post10426955
Never give up !!!
  • #6,579
  • Jul 10, 2018 9:29am Jul 10, 2018 9:29am
Tighter range on nq this session huh? Only around 83ticks for range on the hour . . . Still lots of opportunities
I am still liking the 10tick range bars (true range). And the range predictor study making things even more simple . . .
  • #6,580
  • Jul 10, 2018 9:50am Jul 10, 2018 9:50am
Quoting theunis
{quote} If their platform is good then it will be worth it ... commissions quickly adds up ... especially if you trade a lot ... but there might be a catch somewhere. Would be nice to hear an opinion of someone that has been using them for a while. p.s. Found something: https://www.forexfactory.com/showthr...0#post10426930 https://www.forexfactory.com/showthr...5#post10426955
Running their platform and Sierra at same time now to try a few things. On my machine Tradovate is a split second faster than Sierra, but its functions are quite limited in comparison.
But i do see Tradovate will allow you to use Sierra . . .
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