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Plan the Trade

  • #8,141
  • Oct 12, 2018 4:57pm Oct 12, 2018 4:57pm
Quoting VEEFX
{quote} Thanks for the details. Wouldn't ticks based on "volume" make more sense then when it comes to following the big boys which results in momentum in the right direction to piggyback on? Tick based on Buy and Sell volume would probably be even better I would think. I am still hurting from the mistake I did with AMP. During account opening, I chose their promotion of $300 day margin but little did I know that it comes with two caveats... 1) higher commission of $3/side and 2) trade size capped at 10 contracts. I was just anxious to open a live...
When you look at volume on the 1000 tick chart you will see that it averages around 1250 contracts during a 1000 tick candle. That means that a big chunk of the transactions are 1 contract. There are the occasional outliers but it's relatively consistent that goes for pre and during the normal market times. You can use those outliers to detect when the big boys are moving big contracts. Today at around 945 am eastern time there was a spike in volume on the 1000 tick chart. It coincided with a change in direction of price. Now it doesn't always do that but at least you have something to kind of give you a warning. It will sometimes drop off a good bit like it did around 1245 near the bottom of the drop down. Big boys holding off. I have a line on my volume chart at 1250 which helps me see the small swings in volume for a candle.

I have programmed NinjaTrader to help me with my trading. It doesn't do it for me it just let's me know when things are getting close. It relieves me of having to laser focus on the charts. Once in a trade other than on Friday when I set a specific target, I just manage the trade with some very specific rules. If it gets trending nicely I will just assign the stop to one of the moving averages and let NinjaTrader manage it for me. I guess you could call it semi-automated trading. If it takes me out too early I have specific rules for rejoining the trend. I like to make it as mechanical as possible.
  • #8,142
  • Oct 12, 2018 6:25pm Oct 12, 2018 6:25pm
Quoting magnumfreak
{quote} When you look at volume on the 1000 tick chart you will see that it averages around 1250 contracts during a 1000 tick candle. That means that a big chunk of the transactions are 1 contract. There are the occasional outliers but it's relatively consistent that goes for pre and during the normal market times. You can use those outliers to detect when the big boys are moving big contracts. Today at around 945 am eastern time there was a spike in volume on the 1000 tick chart. It coincided with a change in direction of price. Now it doesn't...
Agree. I have always believed in needing something else with price to validate your entries and I am pretty sure contract volume is the key. I also wierdly noticed price on the DOM rapidly going up and down indicating trades being matched BUT price movement was not reflecting similar movements. I am still at a loss how is that possible. If DOM prices are being matches in 20-30 tick range, shouldn't price also move with same verosity on the chart? This was during Late Asian session on NQ. and also at times during nyse. I understand throttling vs unfiltered data feeds but price is price. When price moves via a quote match between buyers and sellers, that tick must reflect on the chart always. At least that is my understanding.

For now, it is 100% manual to truly understand the market dynamics. Automation will always come but later on
Staying in my lane...
  • #8,143
  • Oct 12, 2018 8:13pm Oct 12, 2018 8:13pm
Quoting VEEFX
{quote} Agree. I have always believed in needing something else with price to validate your entries and I am pretty sure contract volume is the key. I also wierdly noticed price on the DOM rapidly going up and down indicating trades being matched BUT price movement was not reflecting similar movements. I am still at a loss how is that possible. If DOM prices are being matches in 20-30 tick range, shouldn't price also move with same verosity on the chart? This was during Late Asian session on NQ. and also at times during nyse. I understand throttling...
There is an adjustment in Sierra for the speed of the chart. Mine was by default quite slow and I changed the setting down to 10 miliseconds. I noticed it first not from the DOM but from comparing price movement to Tradovate and MT5 chart's price speeds. Sierra was slower until I adjusted it.
  • #8,144
  • Oct 13, 2018 4:11am Oct 13, 2018 4:11am
Quoting magnumfreak
{quote} I actually know people who trade with an 89 tick chart. If you want to see a chart fly, try the 89 tick chart at market open. LOL! A blur of candles. Too fast for my taste. The number of ticks people use is mostly personal preference.
With respect, that is entirely connected to current volume being printed. It varies according to market phase and/or time of the day. I generally change the tick rate or time scale accordingly, to match what is currently happening.
GoFundMe -stage-4-glioma-brain-cancer-fighter (link in my profile)
  • #8,145
  • Edited 6:18am Oct 13, 2018 4:42am | Edited 6:18am
Quoting VEEFX
{quote} Thanks and yikes for trading after your screening lol I stopped seeing my primary physician in 2011 when he stopped practicing and went into research. I am glad I stopped... haven't been more happier than worrying about routine blood tests and cardiograms every year. You complain about one minor thing and they will recommend 10 tests and quickly put you on life long medication. I have high chollestrol and stopped that medication also. Don't give a fu*k about it as I could hit by a truck any day! My wife also stopped running routine tests...


Guys, this post is all about health and i'm merely sharing my experience, so if not interested, please ignore!

I could write essay after essay about this. I'm a self declared nutritionist. I don't have any certificates, but i've spent virtually thousands of hours reading articles, watching seminars and videos from some of the best homeopathic or naturalistic healers on the planet and i will tell you that Medical Doctors do NOT get taught about nutrition. They can diagnose and prescribe drugs, but that only cures the symptoms NEVER the cause and guess what, ALL drugs come with side effects whether minor or major.

We think of alternative medicine as anything that isn't drugs. why? Pharmaceutical companies, when they introduce a new drug, are only trying to replicate what is readily available in nature, but of course, they can not. There are always side effects to all drugs (even aspirin). They will NEVER spend money testing out a plant or a herb. Why would they? they can not patent a plant. There is also a huge cover up process ongoing, but that's a story for another day. Turmeric (when taken with black pepper), is as powerful an anti-inflammatory as ibuprofen, but it won't destroy your gut bacteria, it will help kill cancer cells though, for example. Doctors wont tell you that, even if they knew, because they can not.

I should add, that i am in no way knocking our medical care, especially in modern surgery techniques. Quite the opposite in fact, I am in awe of what we can do nowadays. It is just that big pharma controls the way people are treated. There is pressure on all MD's to sell or prescribe drugs. Healthcare, unfortunately, is a business after-all.

The body is self regulating. If you have high blood pressure, it is because you need it. Your arteries are smaller (through plaque build up) and thus your heart needs to pump blood at a higher pressure to reach where it needs to go. So you take a blood pressure tablet to lower it??? What??? that is the worst thing you can do (unless you're literally about to die). Start with changing the diet and doing exercise. It is easy to cure. Vegetables actually reduce plaque build up.

The side effects of blood pressure tablets, will likely next be thyroid problems and diabetes, so soon enough you will need tablets for them too.

Ask yourself... does any of this sound natural???!

Eat as nature intended. Cut down the processed crap and get some fruit and veggies down!)

This is why it was a huge shock when i found out about my recent problems, but i've now stepped up proceedings and i feel loads better already.

People take the aging process for granted, but it is all linked to the build up of toxins in your organism throughout your life. This is closely linked to a process called 'apoptosis'. Programmed cell death. We create a billion new cells everyday and in return a billion will die off. It's when they don't that you start to get problems - tumors form etc.

Now read about 'autophagy' - this is the process that controls the speed and severity of 'apoptosis'. To cut a long story short. You want this process to be happening.
It cleans your organism up, destroying rogue cells everywhere... that means everything... restoring cells and improving your eyesight, rectifying joint prob's, brain prob's like alzheimers, parkinsons etc etc... hair, skin, bones... organs, you get the picture. Induce autophagy and you gain longevity (and a healthy one at that).

The easiest way to achieve this, is to start 'fasting'. We think 3 square meals a day is the norm, but it actually isn't. Our ancestors when we lived in caves, never knew about eating 3 times a day EVERY day!

Even a 16 hour fast will increase autophagy, (eating evening meal at 18:00 would mean not having breakfast until 10:00 the next day as an example. More extreme versions are a 36 hour water fast (which i just completed this morning, for the first time!) - sure i was bloody hungry yesterday, but i honestly feel great right now. I actually went on a cycle ride yesterday (at pace) and i still had tonnes of energy. You are teaching your body to take energy from fat (not that i've got much - i'm not doing this for a weight issue, i'm doing it purely to kill this cyst) as opposed to food currently being digested.

Well, I hope that's started cleaning up this cyst at a faster rate anyway!

Hunger is a combination of the chemicals Ghrelin and Cortisol... and not actually because you need to eat. It is because you've programmed your body to want to eat at set times of the day through repetition. Taking back control of this, feels really good!

I'm currently juicing all manner of vegetables that i usually can not stand the taste of, if eaten normally and yet, i add ginger and lemon to each juice and it's palatable!

There's so much more that i could add to the subject, but i will stop there!)
GoFundMe -stage-4-glioma-brain-cancer-fighter (link in my profile)
  • #8,146
  • Oct 13, 2018 4:53am Oct 13, 2018 4:53am
Quoting rudy5
{quote} this method is 90% discretionary. just be prepared to spend the 10 years looking at charts the way H has. if you disagree, look at how many people have been on this thread for a very long time and still struggle. or watch the live vids of how he places a trade then cancels. canceling orders is discretionary. No disrespect whatsoever to you H, I just think a lot of people don't realize that.

Spot on and exactly what i've been saying.

Experience is the one thing that you can not read about... it is a process and EVERYONE underestimates how long you need. There are simply too many variables that the market throws up.

Sure you can learn a pattern, but it's what happens immediately before, that matters. It is different every-time and so will the outcome be.

Over time, through repetition, you start to learn when & where to get in and how to run your stoploss etc etc.

Relax, stay on demo until you gain the experience needed.

If you're desperate to make money and you try to shortcut this process, you will just end up losing more. Success will come when you don't feel the need to try too hard. Take only the best set-ups. The NQ moves so much you are already short cutting what FX offers by a factor of ten or more.

Harold shows what is possible, but don't think that he never went through all the same stuff we all face. He's a veteran at this and a brilliant mind, i must add.
GoFundMe -stage-4-glioma-brain-cancer-fighter (link in my profile)
  • #8,147
  • Oct 13, 2018 5:56am Oct 13, 2018 5:56am
Quoting The Cableguy
{quote} Guys, this post is all about health and i'm merely sharing my experience, so if not interested, please ignore! I could write essay after essay about this. I'm a self declared nutritionist. I don't have any certificates, but i've spent virtually thousands of hours reading articles, watching seminars and videos from some of the best homeopathic or naturalistic healers on the planet and i will tell you that Medical Doctors do NOT get taught about nutrition. They can diagnose and prescribe drugs, but that only cures the symptoms NEVER the cause...
I swear to God that warrior diet that CG mentions will do wonders. here's to health...

Inserted Video
  • #8,148
  • Oct 13, 2018 8:05am Oct 13, 2018 8:05am
Quoting hilmy83
{quote} I swear to God that warrior diet that CG mentions will do wonders. here's to health... https://youtu.be/xAJM_757KSQ
That is the perfect gym for me.

You won't be building much muscle in there on CG's diet (not that there is anything wrong with what he suggested).
'in less than half an hour he made over 100 ticks'
  • #8,149
  • Oct 13, 2018 10:06am Oct 13, 2018 10:06am
Quoting rudy5
{quote} this method is 90% discretionary. just be prepared to spend the 10 years looking at charts the way H has. if you disagree, look at how many people have been on this thread for a very long time and still struggle. or watch the live vids of how he places a trade then cancels. canceling orders is discretionary. No disrespect whatsoever to you H, I just think a lot of people don't realize that.
And yet I think what I do objective. I cancel orders if it misses by 1for entry. I cancel orders when market structure changes the thing which might be discretionary is I might grab profit earlier than target sometimes it works sometime not. I think it's 90% objective imop
  • #8,150
  • Oct 13, 2018 10:50am Oct 13, 2018 10:50am
Quoting bapakjason
{quote} There is an adjustment in Sierra for the speed of the chart. Mine was by default quite slow and I changed the setting down to 10 miliseconds. I noticed it first not from the DOM but from comparing price movement to Tradovate and MT5 chart's price speeds. Sierra was slower until I adjusted it.
WOW... you rock brother. mine was set to 500ms lol

Thanks! I knew something was not right here.
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Staying in my lane...
  • #8,151
  • Oct 13, 2018 11:04am Oct 13, 2018 11:04am
Quoting Divergence
{quote} And yet I think what I do objective. I cancel orders if it misses by 1for entry. I cancel orders when market structure changes the thing which might be discretionary is I might grab profit earlier than target sometimes it works sometime not. I think it's 90% objective imop
Correct me if I am wrong, you also cancel your orders if you see price approaching towards your entry limit order with "sheer force". You prefer price to come to your entry slow and easy... am I correct? By this I mean, you watch/feel the resistance of new buyers (for long entries) coming in slowly to gain support of your entry.
Staying in my lane...
  • #8,152
  • Oct 13, 2018 11:24am Oct 13, 2018 11:24am
Well if I am 20 ticks a way and 1 candle is coming st me yes I will cancel
  • #8,153
  • Edited 12:18pm Oct 13, 2018 11:33am | Edited 12:18pm
Quoting The Cableguy
{quote} Guys, this post is all about health and i'm merely sharing my experience, so if not interested, please ignore! I could write essay after essay about this. I'm a self declared nutritionist. I don't have any certificates, but i've spent virtually thousands of hours reading articles, watching seminars and videos from some of the best homeopathic or naturalistic healers on the planet and i will tell you that Medical Doctors do NOT get taught about nutrition. They can diagnose and prescribe drugs, but that only cures the symptoms NEVER the cause...
Spot on CG. Even I can write a book on the "psychological scams" perpetrated by our medical system. I truly feel such "models" are necessary for a capitalistic society to thrive. When economies rely on Consumerism for growth, it is inevitable for large companies to use mass behavioral science to their benefit. Modern Science is all about prevention and "temporal relief" and "repeat customer" for life. Rarely do we find "permanent cure" anywhere in this industry. OTC is all about temporary relief. Vitamins-take daily, pain killers-take daily, sleep aids - take daily etc. I truly believe research scientist are ONLY focused on finding relief and not permanent cure and if permanent cure is discovered, they are suppressed to avoid hurting their bottom line. It just boils my blood when doctors give out free samples to hook their patients especially when they seek out the vulnerabilities in kids and adolescents. The beauty industry is also the same way. Get some acne medicine and you are hook on it for years. They want consumers to gain dependence by repetitive use for their "system" to thrive.
I hate needles so I hate blood tests every year. Back in the 90s, I was diagnosed with Cholesterol being tiny bit high. With my parents having the same, I opt-in to get on drugs.... and every 6 months I had to go thru blood test to protect my liver. WTF. I tried for one year and gave up pissing off my doctor. Next came the routine cardiogram, he got pissed again. next came the multi-vitamin, he got pissed again. next came the finger-poking up my asshole, he got pissed again. next came to testing of my healthy balls, he got pissed again... to the point that my annual physical simply became "everything looks good - sign this document stating I refuse to do any medical test"... and that was the end of my physical checkups and after a year or two, I run into him in a mall and he confessed some shit that I cannot share here. He went back into doing university funded research instead of being part of this system.
Regarding fasting, I think there is huge benefit. For the first half of my life, i grew up skipping meals and I never felt loss of energy ever. Then came the American GMO crap in my system. Now, I am mostly on organics and non-gmo but still dive into junk food here and there :-
For me, it is veggies, fruits, nuts and meat (only chicken and fish). The best is a salad (napa valley or santa fe) which comes with all these 4.

EDIT: Dont even get me started on my interactions with dentist and ophthalmologist industry. Both are outright scams! Never ever ever ever follow up on any referals that your doctor/dentist refers you to. Second and third opinions must always come from an independent source. Real life examples:
1. My dentist refers me to deep cleaning costing over $500. Went to another dentist for consultation and he was shocked that my dentist would suggest deep cleaning
2) I switch dentists every couple of years! recently, my 'new' dentist suggested i have 3 cavities 'forming... better to take care of it now before it turns bad'. I hate candies expect during haloween. I was shocked but not surprised being a skeptical by nature. When for another opinion, another xray and there was NO sign of any cavity forming!
3) my 3 yr old kid had some normal skin tag tied in-between her lower lip and gums (forget the medical term). Dentist recommended going to xyz to surgically remove her skin tag. I come home and the next day and every day that week, I kept getting calls from the surgeons office to make an appointment. Conclusion: surgery was not necessary and dentist was getting paid referral. Took another opinion and I was told all kids have this and it eventually goes way!
4) BOTTOM LINE: I tell this to everyone, even my co-workers.....never ever go to a surgeon asking if you need a surgery or whether surgery is the best option. that is pure INSANITY !!!! I see so many opting for knee surgery, shoulder surgery, hip surgery, it is just crazy. The best option for muscular pain is to do NOTHING and let the body heal on it's own. While hiking up the Zion Canyon (i was into trekking and mountain climbing in my 20s), I had a 30 feet fall landing right on my butt. I could not move for first 30 mins completely stiffed up. my friend asked me to look nowhere else but only in his eyes and where he points his finger.... within 15 mins, I started walking down the mountain on my own. Went straight to hospital and xray showed a hairline fracture in my hipbone. I consulted with the same friend and he suggested to do nothing and IGNORE. Focus on better things in life and pain will go away.... and I did. the fracture is still there even now and I feel nothing! The power of mind has its own way of dealing with your body. This is true!!!!
Staying in my lane...
  • #8,154
  • Oct 13, 2018 11:36am Oct 13, 2018 11:36am
Quoting Divergence
Well if I am 20 ticks a way and 1 candle is coming st me yes I will cancel
Makes sense.... so you ARE visually gauging order flow via speed/force/momentum and that will always improve only with experience. As you know, I traded events since 2012-15... best time ever and this skill is not easy to perfect but it is the core ingredient when trading micro-trends.
Staying in my lane...
  • #8,155
  • Oct 13, 2018 11:49am Oct 13, 2018 11:49am
Quoting Divergence
{quote} And yet I think what I do objective. I cancel orders if it misses by 1for entry. I cancel orders when market structure changes the thing which might be discretionary is I might grab profit earlier than target sometimes it works sometime not. I think it's 90% objective imop
Harold,

I totally agree with you that 90%(even 95%) of your entire method is objective. IMHO, that is in large part why this method works.

The main reasons traders don't have immediate success with this method is because: 1) they don't know or understand all the rules, 2)they understand the rules but cannot execute them with precision in a live market, 3)they skip signals without realizing what this does to the overall expectancy of the system.

Ten years of chart watching and experience is not required to achieve success with this method.
  • #8,156
  • Oct 13, 2018 11:57am Oct 13, 2018 11:57am
Quoting Nik-Nyc
{quote} Harold, I totally agree with you that 90%(even 95%) of your entire method is objective. IMHO, that is in large part why this method works. The main reasons traders don't have immediate success with this method is because: 1) they don't know or understand all the rules, 2)they understand the rules but cannot execute them with precision in a live market, 3)they skip signals without realizing what this does to the overall expectancy of the system. Ten years of chart watching and experience is not required to achieve success with this method....
Perhaps it will help us if exact rules are documented here in one place and in written form. There is no reason to skip signals if they are all objective.
Staying in my lane...
  • #8,157
  • Oct 13, 2018 1:06pm Oct 13, 2018 1:06pm
It might be easier if I did a video explaining everything I do
  • #8,158
  • Oct 13, 2018 1:20pm Oct 13, 2018 1:20pm
Still learning Sierra but here's the latest for 'legacy' users if you are not aware. Trade Activity Log features has been completely revamped last last month by Sierra.

https://www.sierrachart.com/SupportB...ThreadID=37139

I am loving it as there is absolutely no need to extract trade log to 3rd parties like myfxbook sh*t. It's all in here within Sierra.... but still my account balance column in trade activity log is blank. Not sure why. if anyone knows, please help :-
Staying in my lane...
  • #8,159
  • Oct 13, 2018 1:22pm Oct 13, 2018 1:22pm
Quoting Divergence
It might be easier if I did a video explaining everything I do
Yay! And write the rules please to avoid any confusion of interpretation. FYI - I am agreeing with every part of this strategy. My only struggle is entries with a tight SL.
Staying in my lane...
  • #8,160
  • Oct 13, 2018 3:39pm Oct 13, 2018 3:39pm
ok did this video explaining what i look for in this volatile market and when its trading normal if there still is any questions just post and i will answer them 1 by 1
Inserted Video
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