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Plan the Trade

  • #7,721
  • Sep 21, 2018 1:24pm Sep 21, 2018 1:24pm
Quoting capstone
{quote} You're fine jester, not jinxed. Harold, with Infinty, we have a package that includes the number bar chart, which is the engine the study runs from. AMP makes you pay for it. You cannot run it because you aren't paying the $25 for the number charts with AMP. At the end of the day, it is a cool tool, if used correctly, as Nik has said. The original price action is what reigns! Follow that first, looking for these moments at tops and bottoms of runs, just like CG and H have shown over and over.
Thanks for saving me a load of time buddy.

'in less than half an hour he made over 100 ticks'
  • #7,722
  • Sep 21, 2018 1:30pm Sep 21, 2018 1:30pm
Quoting tbjohnton
my chart looks very similar to yours. I have all the colored candles that you do, but I also have a few more green ones (none that would have made a difference) if youre waiting to go long off a green color that is at a bottom, if a red candle shows up before it gets back down to your entry--would that different color candle invalidate the signal?
Tbjohnton,

The differences between our green and red bars are due to us having different data feeds. I assume you are with infinity which means you are tied to transact data. They process larger orders differently than most data providers. Should not make much of a difference.

Regarding your invalidation question, the answer is no. The rules are as described by Div for the setup, invalidation, trade management, etc. The only additional rule added was taking retests only into demand (for longs) supply (for shorts) bars. This rules was created to remove the discretion for newer traders that have difficultly gauging SD. Hope this is clearer.
  • #7,723
  • Sep 21, 2018 1:35pm Sep 21, 2018 1:35pm
Quoting Nik-Nyc
{quote} Tbjohnton, The differences between our green and red bars are due to us having different data feeds. I assume you are with infinity which means you are tied to transact data. They process larger orders differently than most data providers. Should not make much of a difference. Regarding your invalidation question, the answer is no. The rules are as described by Div for the setup, invalidation, trade management, etc. The only additional rule added was taking retests only into demand (for longs) supply (for shorts) bars. This rules was created...
Great explanation nik. It has and at least for me always will be about the pullback
  • #7,724
  • Sep 21, 2018 2:09pm Sep 21, 2018 2:09pm
thats what i figured on candles being a little different, was giving you feedback on what i saw compared with yours. and thanks for the answer on whether opposite colored bars invalidate. Look forward to watching the charts with this analysis plugged in. thanks again for sharing
  • #7,725
  • Sep 21, 2018 2:26pm Sep 21, 2018 2:26pm
Quoting Divergence
{quote} Great explanation nik. It has and at least for me always will be about the pullback
Div, great. Yes, this tool was made specifically for your system. As i said before, you probably wont need it yourself because of your experience, but i think it should help the newer traders.


TBJ, yes, thanks for your feedback, keep it coming!
  • #7,726
  • Sep 21, 2018 3:09pm Sep 21, 2018 3:09pm
think there was a 123 break pb at start:

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Become the casino
  • #7,727
  • Sep 21, 2018 3:11pm Sep 21, 2018 3:11pm
think your chart picked it up Nik:

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Become the casino
  • #7,728
  • Sep 21, 2018 3:21pm Sep 21, 2018 3:21pm
Quoting erasmus66
think your chart picked it up Nik: {image}
I saw that also to many wicks also the candle was a supply when it should have been a demand bar
  • #7,729
  • Sep 21, 2018 3:24pm Sep 21, 2018 3:24pm
Quoting Divergence
{quote} I saw that also to many wicks also the candle was a supply when it should have been a demand bar
good point thanks Harold
Become the casino
  • #7,730
  • Sep 21, 2018 4:13pm Sep 21, 2018 4:13pm
Ended at -14 , just missed the trade I was waiting for (green bar and thrust bar) that would have gone to +25, but I had to go ... jam ... but no matter, I like the filter Nik, thanks a lot ... will practice further with it to help to eliminate nook and cranny trades ... there always seem to be 1-3 valid setups per session and that is all we need.
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Never give up !!!
  • #7,731
  • Sep 22, 2018 12:24am Sep 22, 2018 12:24am
For those who don't have sierra pkg 5, I've reprogrammed Nik's sierra chart study so that it would work on sierra pkg 3 as well. Thank you Nik for posting. I trade DAX exclusively using the same delta imbalance(absorption) and trapped traders and imo order-flow works best with non time based charts (range, renko). Also, I've noticed Nik has filtered the delta imbalance with 10 and -10 so I put it in the same way but you guys can test which parameter works best for NQ.
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File Type: rar DeltaImbalance.rar   < 1 KB | 396 downloads
  • #7,732
  • Sep 22, 2018 2:17am Sep 22, 2018 2:17am
Quoting Baymax07
For those who don't have sierra pkg 5, I've reprogrammed Nik's sierra chart study so that it would work on sierra pkg 3 as well. Thank you Nik for posting. I trade DAX exclusively using the same delta imbalance(absorption) and trapped traders and imo order-flow works best with non time based charts (range, renko). Also, I've noticed Nik has filtered the delta imbalance with 10 and -10 so I put it in the same way but you guys can test which parameter works best for NQ. {file}
Most grateful, I'll give it a go.
'in less than half an hour he made over 100 ticks'
  • #7,733
  • Sep 22, 2018 2:35am Sep 22, 2018 2:35am
Quoting theunis
{image}
I am noticing this killer success trade, if some patience is applied. It's funny though, i still have a tendency to remove the risk too early and it results in a BE stop out
literally immediately before the big thrust and win;

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I've pointed out the usually easy to recognise 3rd wave (it's when the main trend accelerates and suffers very little of a pullback). Don't forget it is fractal so you will be able to view them all the way to the minimum sized phases.

It's not important, of course, but my point is that the 5th wave before we witness a substantial change of trend, often throw up an easy to determine channel line.

If you were astute, the first touch and reaction off of the channel line is where i labelled point 3 (of the 123), so there should have been a winning trade there too, but granted, the 123, trigger retrace and entry being clean off of the channel line is an absolute beautiful set-up with tiny initial risk.

Yes, this is easier to see in hindsight, but the same principle always occurs - 'Experience'! I'm already knowing when to expect the set-ups, but it's true, without discipline, you tend to see channels when they aren't really there. The important thing for me, is to match the channel line touch with the 123, trigger and pullback to S/D level...
GoFundMe -stage-4-glioma-brain-cancer-fighter (link in my profile)
  • #7,734
  • Sep 22, 2018 3:27am Sep 22, 2018 3:27am
Haters and trolls get far too much time and attention on these threads and worst of all, put good people off helping, seeing Ghostdigg,going through trials at the moment at his place, here's a big fat thank-you and hats off to folks like Harold, Nik, Baymax and cableguy for doing what you do, its not just your content that inspires. Great weekends to you guys and gals :-)
  • #7,735
  • Sep 22, 2018 8:22am Sep 22, 2018 8:22am
Quoting Baymax07
For those who don't have sierra pkg 5, I've reprogrammed Nik's sierra chart study so that it would work on sierra pkg 3 as well. Thank you Nik for posting. I trade DAX exclusively using the same delta imbalance(absorption) and trapped traders and imo order-flow works best with non time based charts (range, renko). Also, I've noticed Nik has filtered the delta imbalance with 10 and -10 so I put it in the same way but you guys can test which parameter works best for NQ. {file}

Awesome, I can see what you did there and it’s a smart solution. Good job, many more people should be able to test and benefit now!
  • #7,736
  • Sep 22, 2018 8:51am Sep 22, 2018 8:51am
Quoting Nik-Nyc
{quote} Awesome, I can see what you did there and it’s a smart solution. Good job, many more people should be able to test and benefit now!
I got his study running. Its interesting.
Thank both of you for the effort and time spent.
  • #7,737
  • Sep 24, 2018 8:52am Sep 24, 2018 8:52am
In my mind's eye, i already see CG drawing channel lines in this session. : )
  • #7,738
  • Sep 24, 2018 9:35am Sep 24, 2018 9:35am
got some on the buzzer:

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Become the casino
  • #7,739
  • Sep 24, 2018 9:35am Sep 24, 2018 9:35am
not the best day
Become the casino
  • #7,740
  • Sep 24, 2018 9:39am Sep 24, 2018 9:39am
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