Plan the Trade | Page 389 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Plan the Trade / Trade the plan 74 replies

Plan the Trade and Trade the Plan: Swing Trading the Euro 5 replies

My backtest - optimisation - trade plan 0 replies

A realistic trade plan 6 replies

my trade plan for next week 47 replies

Attachments: Plan the Trade
Exit Attachments

Plan the Trade

  • #7,761
  • Edited 7:41am Sep 25, 2018 7:26am | Edited 7:41am
Quoting hilmy83
{quote} 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...
some video comparison. keep in mind they're couple of years old, technology changes...

cqg vs rithmic
Inserted Video


iqfeed vs cqg
Inserted Video


Quoting VEEFX
{quote} ... 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" ?? {image} {image} {image} {image} {image}
you kind of remind me of the abused kids, when they grow up. they get so fucked by their upbringing (forex), that when they see good things (futures), they're hesitant to form relationships, they keep remembering the bad stuff

i've been there too man, and yes, it's ok to hug and say i love you

Inserted Video
  • #7,762
  • Edited 8:05am Sep 25, 2018 7:49am | Edited 8:05am
Hilmy has provided solid answers and references to your questions. I will add few more details you may find helpful.

Quoting VEEFX
{quote}FCM = Futures Commission Merchant i.e. The Broker who charges commission for facilitating a trade via order routing services to the Exchange.
Correct, the main function on the brokers is to 1)"clear risk" (aka make sure you have the margin) before an order is allowed to hit the market, 2) balance the accounts during market close, essentially depositing/withdrawing from your segregated funds bank account.


Quoting VEEFX
{quote} 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?
Any and all the data providers discussed will provide exchange-wide data. Period. Why? Many reason, 1)neither broker nor data provider are licensed market makers, 2) data from different providers can be easily compared with simple tools, 3)CME doesnt allow data providers to "distort" their exchange data.

The differences that exist between data providers are small. The differences are usually caused because the data providers do not match-up orders, the CME does that, and therefore certain larger order matching can be interpreted various ways. Again, nothing shady here, simply different solutions to the same challenge.

Due diligence is great, but you are stepping onto a level playing field now and brokers/data will no longer provider cover for poor trading. This is the big leagues, and spot forex wasn't even the minor leagues, it was a two bit hustle.

Additional link: (note: can you imagine this kind of transparency in spotfx) https://www.cmegroup.com/confluence/...ing+Algorithms
(edit: click the "complex match example" link in the sidebar to see examples of why different data providers interpreted data slightly differently)
  • #7,763
  • Sep 25, 2018 8:12am Sep 25, 2018 8:12am
looks like tomorrow there going to increase interest rates. so it will either be slow today or it will trend nicely to factor in the raise we will soon find out
  • #7,764
  • Sep 25, 2018 8:18am Sep 25, 2018 8:18am
look how similar these patterns are:

4th sep:

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 88 KB


24th sep:

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot2.png Size: 93 KB
Become the casino
  • #7,765
  • Sep 25, 2018 9:06am Sep 25, 2018 9:06am
finally, a long from 74.50 for +20
  • #7,766
  • Sep 25, 2018 9:15am Sep 25, 2018 9:15am
recorded todays session will upload in 10 minutes
  • #7,767
  • Sep 25, 2018 9:18am Sep 25, 2018 9:18am
Did anyone else's feed just freeze?

I restarted and it works again....never happened before...don't like that.
Lord, Liar, Lunatic. Those are only 3 options to Christ's diety claim.
  • #7,768
  • Edited 9:31am Sep 25, 2018 9:19am | Edited 9:31am
More patient today ... only one trade so far ... should have been a +1 but my entry was too high and it was stopped out ... I mixed a trend trade with a tail trade and paid the price.

Edit: No, my mistake, would have been a loss anyway.
Never give up !!!
  • #7,769
  • Sep 25, 2018 9:20am Sep 25, 2018 9:20am
Quoting capstone
Did anyone else's feed just freeze?
Not mine
  • #7,770
  • Sep 25, 2018 9:20am Sep 25, 2018 9:20am
Quoting capstone
Did anyone else's feed just freeze? I restarted and it works again....never happened before...don't like that.
Not mine ...
Never give up !!!
  • #7,771
  • Sep 25, 2018 9:24am Sep 25, 2018 9:24am
capstone--mine did
  • #7,772
  • Sep 25, 2018 9:27am Sep 25, 2018 9:27am
Quoting tbjohnton
capstone--mine did
I'm with Infinity/TransAct. You?
Lord, Liar, Lunatic. Those are only 3 options to Christ's diety claim.
  • #7,773
  • Sep 25, 2018 9:32am Sep 25, 2018 9:32am
Inserted Video
  • #7,774
  • Sep 25, 2018 9:35am Sep 25, 2018 9:35am
Quoting capstone
{quote} I'm with Infinity/TransAct. You?
I am also with them ... it happened once with me and I also restarted and it was fine ... has never happened a second time though.
Never give up !!!
  • #7,775
  • Sep 25, 2018 9:39am Sep 25, 2018 9:39am
Quoting capstone
{quote} I'm with Infinity/TransAct. You?
yep, my feed was working, just my charts froze--keep a dom open, so if it happens, you can cancel the trade on your dom (orders placed on chart also show up on dom)
  • #7,776
  • Sep 25, 2018 9:43am Sep 25, 2018 9:43am
Just got a perfect setup ... long off 7025 ... +25
Never give up !!!
  • #7,777
  • Sep 25, 2018 9:46am Sep 25, 2018 9:46am
Got a bit nervy towards the end - slow. Should have let the Pinbar run (missed the entry before it), but it was after the hour.

Attached Image (click to enlarge)
Click to Enlarge Name: Screen Shot 2018-09-25 at 16.42.50.png Size: 31 KB
'in less than half an hour he made over 100 ticks'
  • #7,778
  • Sep 25, 2018 9:46am Sep 25, 2018 9:46am
Quoting theunis
Just got a perfect setup ... long off 7025 ... +25
Curious whether you were looking are the Green orderflow demand bar that printed at that level?

Either way, good trade!
  • #7,779
  • Sep 25, 2018 9:56am Sep 25, 2018 9:56am
Quoting Nik-Nyc
{quote} Curious whether you were looking are the Green orderflow demand bar that printed at that level? Either way, good trade!
Yes, Nik ... that plus the thrust bar was my setup.

onejester ... I took that trade also ... and I also almost cut it short but the practice is paying off and I thought about all the other trades that I stopped out and then went for +25 .... so I left it ... conquered my emotions on that trade ... taking it one by one.
Never give up !!!
  • #7,780
  • Sep 25, 2018 10:06am Sep 25, 2018 10:06am
Tried a long off the tail at 5825 but it blasted right through my SL .... three trades .. 2 losses and 1 winner and standing at +1 ... the power of a good risk/reward ratio ... one good trade then I am done ....
Never give up !!!
14 traders viewing now