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Plan the Trade

  • #7,741
  • Sep 24, 2018 9:44am Sep 24, 2018 9:44am
top work Harold .. your 2nd trade just missed for me shame:

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Become the casino
  • #7,742
  • Sep 24, 2018 9:46am Sep 24, 2018 9:46am
Quoting erasmus66
top work Harold .. your 2nd trade just missed for me shame: {image}
your entry should have been under the blue pin bar is was only 3 points so stop is on top
  • #7,743
  • Sep 24, 2018 9:49am Sep 24, 2018 9:49am
+1 then down what a shame:

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Become the casino
  • #7,744
  • Sep 24, 2018 9:51am Sep 24, 2018 9:51am
Quoting Divergence
{quote} your entry should have been under the blue pin bar is was only 3 points so stop is on top
yes i see like this:

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Become the casino
  • #7,745
  • Sep 24, 2018 10:05am Sep 24, 2018 10:05am
missed this 123 back into trend:

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Become the casino
  • #7,746
  • Sep 24, 2018 10:06am Sep 24, 2018 10:06am
Hobbled my way through +25, may have missed a couple of illustrations.

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Lol you can see where I was getting pissed off with the +1's. Thought it was going to fly on that -3, good job I chickened it.

Feeling better about this now after an irritating relapse into revenge trading, but I was determined to let a couple of those +1's go the distance. I reckon I'd be over +35, but hey, good to see others found it tricky. Anyway...
'in less than half an hour he made over 100 ticks'
  • #7,747
  • Sep 24, 2018 10:20am Sep 24, 2018 10:20am
top work oj .. think you had inside bar for your -3 trade:

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Become the casino
  • #7,748
  • Sep 24, 2018 10:21am Sep 24, 2018 10:21am
Ended at -6 and have to run ... am trying to get a balance between the strong thrust bar pullback at a good level and Nik's bar that show good S/D levels ... works well on old chart testing but more tricky when the market is moving ...
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Never give up !!!
  • #7,749
  • Sep 24, 2018 10:25am Sep 24, 2018 10:25am
Quoting erasmus66
top work oj .. think you had inside bar for your -3 trade: {image}
Ah, thank you. That would be the demon that forced me to bend the rules
'in less than half an hour he made over 100 ticks'
  • #7,750
  • Sep 24, 2018 10:38am Sep 24, 2018 10:38am
I only see two entries on the chart unis posted, based on Nik's study, in combination with PA. They both brought wins though. Not bad!
Lord, Liar, Lunatic. Those are only 3 options to Christ's diety claim.
  • #7,751
  • Edited 11:34am Sep 24, 2018 11:03am | Edited 11:34am
Quoting theunis
Ended at -6 and have to run ... am trying to get a balance between the strong thrust bar pullback at a good level and Nik's bar that show good S/D levels ... works well on old chart testing but more tricky when the market is moving ... {image}

Theunis,

I recommend you either look for S/D via the thrust bar method, or the green/red candle. Either, or, not both.

The good thing about the green/red bars is they are non subjective and will make back-testing more accurate.


Today's PA with orderflow based S/D bars :-)
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  • #7,752
  • Sep 24, 2018 12:14pm Sep 24, 2018 12:14pm
Although I didn't use today, here is Baymaxes for comparison:

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'in less than half an hour he made over 100 ticks'
  • #7,753
  • Sep 24, 2018 2:41pm Sep 24, 2018 2:41pm
Quoting Nik-Nyc
{quote} Theunis, I recommend you either look for S/D via the thrust bar method, or the green/red candle. Either, or, not both. The good thing about the green/red bars is they are non subjective and will make back-testing more accurate. Today's PA with orderflow based S/D bars :-) {image}
Thanks Nik (and capstone) ... you are right ... today confirmed that I should rather stick with the green/red bars as S/D with a good thrust bar to confirm ... my trading "eye" is not good enough yet to judge the levels like Mr D does it ... today proved it again ... strangely enough old chart practice is not helping any longer ... every time I spend time on old charts and practice to "see" and take the setups, it backfires on me and I get trigger happy (aka take poor setups) when I do an actual session in sim or live ... is a bit frustrating because that means I can only really practice when the market is open and during the session ... I am soooooo close ... can feel it in my bones :-)
Never give up !!!
  • #7,754
  • Sep 24, 2018 2:44pm Sep 24, 2018 2:44pm
Quoting Divergence
{image}
You really are an inspiration, Mr D ... day in and day out you just do your thing ... amazing !
Never give up !!!
  • #7,755
  • Sep 24, 2018 2:49pm Sep 24, 2018 2:49pm
Quoting theunis
{quote} You really are an inspiration, Mr D ... day in and day out you just do your thing ... amazing !
Unis you know sierra has a chart reply feature you can pick any day and practice as it was real same setups and PA won't change
  • #7,756
  • Sep 24, 2018 3:57pm Sep 24, 2018 3:57pm
Quoting theunis
{quote} Thanks Nik (and capstone) ... you are right ... today confirmed that I should rather stick with the green/red bars as S/D with a good thrust bar to confirm ... my trading "eye" is not good enough yet to judge the levels like Mr D does it ... today proved it again ... strangely enough old chart practice is not helping any longer ... every time I spend time on old charts and practice to "see" and take the setups, it backfires on me and I get trigger happy (aka take poor setups) when I do an actual session in sim or live ... is a bit frustrating...
Here’s a tip. Screenshot all the posts showing the best entries to a phone. Any dead time you get fire up the phone and review, makes a real difference when you come to trade.
'in less than half an hour he made over 100 ticks'
  • #7,757
  • Sep 24, 2018 7:54pm Sep 24, 2018 7:54pm
Quoting Divergence
{quote} Unis you know sierra has a chart reply feature you can pick any day and practice as it was real same setups and PA won't change
The replay feature is excellent ! I am still coming out with profit each day during live sessions. Reminds me of a quote i am finding so true:
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  • #7,758
  • Edited 12:16am Sep 25, 2018 12:00am | Edited 12:16am
Quoting bapakjason
{quote} The replay feature is excellent ! I am still coming out with profit each day during live sessions. Reminds me of a quote i am finding so true: {image}
I am getting there also in baby steps.... trying to understand the market structure first and foremost (as part of broker and trading platform selection process) Bit I will tell you... I struggle to think in terms of spot fx as it has been so freaking long.

Researching "Data Feed" providers at the moment and how platforms treat the price quotes from various providers.... and at the back of my mind thinking of liquidity providers in spot fx. So here's my questions for the savvy ones in the futures market:

Exchanges = CME where NQ is traded and orders matched from various market participants
FCM = Futures Commission Merchant i.e. The Broker who charges commission for facilitating a trade via order routing services to the Exchange.
Then I hear there are multiple "data feed providers"... AMP, Transact, TradeStation, Gain, Wedbush. What are these guys? Brokers? LP? Do they have their own liquidity or "Order Book" ? I am lost here with this aspect and the reason why I am lost is because I reading the information in these two screenshot below from two different platform providers. What is the real difference between such terminology like unfiltered, aggregated, consolidation in regards to the feed we see in our charts. Am I wrong is asking for a "data feed provider" that represents the liquidity of ENTIRE CME Exchange market participants. In a centralized exchange, I want to see bid and offer quotes from ALL participants and not some portion that my broker has affiliation with. If I see volume on my chart, I want to see the volume traded at Bid or Ask across all exchange participants. Am I overthinking this? Perhaps I am just too cautious not to jump into Futures without a full understanding like I did with spot fx in 2006 listening to some polite a'hole from FXCM and wiring him funds the next day and click the buy button the following day and blowing the account before Friday lol

I want to do a thorough due diligence myself this time and seems a bit tricky to peel the onion one layer at a time. Anyway to speed this up? I am still leaning towards AMP as they have the biggest platter of platform providers. I am not too worried about fees and commissions as there will always be costs to trading that we have to recover. I simply cannot put up with a bad or broker-manipulated price feed :-(

Edit: Attaching the list of DataFeed providers. How do we rate them?

EDIT1: And then there is "clearing firm" ??
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Staying in my lane...
  • #7,759
  • Sep 25, 2018 3:48am Sep 25, 2018 3:48am
Quoting Divergence
{quote} Unis you know sierra has a chart reply feature you can pick any day and practice as it was real same setups and PA won't change
No, I did not ... will check it out ... thanks!
Never give up !!!
  • #7,760
  • Sep 25, 2018 7:07am Sep 25, 2018 7:07am
Quoting VEEFX
{quote} I am getting there also in baby steps.... trying to understand the market structure first and foremost (as part of broker and trading platform selection process) Bit I will tell you... I struggle to think in terms of spot fx as it has been so freaking long. Researching "Data Feed" providers at the moment and how platforms treat the price quotes from various providers.... and at the back of my mind thinking of liquidity providers in spot fx. So here's my questions for the savvy ones in the futures market: Exchanges = CME where NQ is traded...
this link should clear some questions.
https://www.cmegroup.com/market-data...tributors.html

brokers don't provide data in the futures market. only the guys in the list above do.

with regards to unfiltered, aggregated, etc data, it's all about what method of transmitting that data providers pick that fits their technology to give the least latency to their users. see this thread for pretty decent explanation. At the end of the day, the limiting factors are cost and efficiency. You just have to choose which method fits your approach to the market. and most of these data providers give options to data quality.

the higher quality (unfiltered,unaggregated), the higher the cost/contract-that's why you see the ranges in cost for each data provider for the most part


https://futures.io/reviews-brokers-d...ered-data.html
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