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Plan the Trade

  • #8,561
  • Oct 26, 2018 4:35pm Oct 26, 2018 4:35pm
Quoting Divergence
Wow only a 1000 tick daily range today lol
Yeah, mild day overall. LOL!

A few interesting things:

1. NQ 10 day ATR, just under 205, highest that I can see on my charts.
2. Today was the second highest volume for NQ only topped by October 11th, 2018.
3. NQ: We are only 370 ish points from the Jan 2nd opening price (@ 6481 we are currently at @6868) we could easily tag that in a day or two. Not saying it will just that it isn't too far fetched.
4. NQ: In October we have dropped a total of 866 points from the high on the 1st and the month isn't over.
5. Dow (YM) has completely erased all of the gains for 2018 and then some.
6. S&P (ES) has completely erased all of the gains for 2018 and then some.

Crazy times to be trading but if you are careful they are hugely rewarding.

Hope everyone has a great weekend.
  • #8,562
  • Oct 26, 2018 5:30pm Oct 26, 2018 5:30pm
Quoting magnumfreak
{quote} Yeah, mild day overall. LOL! A few interesting things: 1. NQ 10 day ATR, just under 205, highest that I can see on my charts. 2. Today was the second highest volume for NQ only topped by October 11th, 2018. 3. NQ: We are only 370 ish points from the Jan 2nd opening price (@ 6481 we are currently at @6868) we could easily tag that in a day or two. Not saying it will just that it isn't too far fetched. 4. NQ: In October we have dropped a total of 866 points from the high on the 1st and the month isn't over. 5. Dow (YM) has completely erased...
interesting facts. My 401K officially went into red today @ -3% YTD. Any way to hedge our retirement with Futures? I am in 50% US and 50% foreign growth funds. Foreign took a -11% hit YTD
Staying in my lane...
  • #8,563
  • Oct 26, 2018 5:47pm Oct 26, 2018 5:47pm
Can't you freeze it till market turns again
  • #8,564
  • Oct 26, 2018 6:01pm Oct 26, 2018 6:01pm
Seems like they were just celebrating the DOW breaking 20,000 not too long ago . . . . Lol Anyone think it can back below that line ??
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  • #8,565
  • Oct 26, 2018 6:08pm Oct 26, 2018 6:08pm
Looks like it's at a demand level
  • #8,566
  • Oct 26, 2018 6:24pm Oct 26, 2018 6:24pm
Quoting Divergence
Can't you freeze it till market turns again
You mean freeze my 401K contributions? I had paused in june to just do minimum required to get 7% company match in anticipation of a market correction. Last night, I increased my contribution to max allowed plus the extra $6K for 50+ oldies like us :- Lets hope this is a good decision. I did the same in 2008 also by taking a 50K loan from 401K, waited for a year or so and pumped it all back in.

I also did not know I can move funds in a 401K self-directed brokerage account and trade from there (options but not futures) but the commissions are like $19 so not worth the hassle. folks nearing retirement age at work are completely freakout out. Kinda nerve wrecking to see the profits disappear with nothing in our control to hedge :-(
Staying in my lane...
  • #8,567
  • Oct 26, 2018 6:26pm Oct 26, 2018 6:26pm
You can move it into money market or treasuries right?
  • #8,568
  • Oct 26, 2018 8:52pm Oct 26, 2018 8:52pm
Quoting Divergence
You can move it into money market or treasuries right?
yeah... only 1.x% to protect against inflation but that would mean selling and reallocating.
Staying in my lane...
  • #8,569
  • Edited 2:42pm Oct 28, 2018 1:52am | Edited 2:42pm
Quoting Baymax07
{quote} Hi VEE, I have package 5 but I tried it on a friend's Sierra who has Package 3 and it's working fine. Either click on analysis and select orderflowimbalance , or use the chartbook I posted. It's set on DAX futures so you will need to change the session start-ending time accordingly for NQ. {file}
Hello Bay,

I used your chartbook and get a syntax error on Alert (during market replay)
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Staying in my lane...
  • #8,570
  • Oct 28, 2018 4:53pm Oct 28, 2018 4:53pm
Hope everyone has a great week that is green beyond your expectations. Take it slow, be deliberate with your trading. Don't try anything majorly new just adapt to the changes in the market. One step at a time, talk your way through your trades.
  • #8,571
  • Oct 28, 2018 6:55pm Oct 28, 2018 6:55pm
Wait for a trend trade the pullback manage trade make MONEY
  • #8,572
  • Oct 29, 2018 8:58am Oct 29, 2018 8:58am
lets get it on
  • #8,573
  • Oct 29, 2018 9:14am Oct 29, 2018 9:14am
Quoting hilmy83
lets get it on
already on and done with it. Every time I try gridding on the edges with just 1 contract at a time, I get instant hit. A little risky to add in my direction as it could reverse quickly and chew some nice protein off my a** but if it works, I have made my daily goal in few mins :-
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Staying in my lane...
  • #8,574
  • Edited 9:37am Oct 29, 2018 9:19am | Edited 9:37am
Quoting VEEFX
{quote} already on and done with it. Every time I try gridding on the edges with just 1 contract at a time, I get instant hit. A little risky to add in my direction as it could reverse quickly and chew some nice protein off my a** but if it works, I have made my daily goal in few mins :- {image}
Curious if anyone is analyzing the pre-NYSE (8am-9:30am) FX open session. There are some good liquidity squeeze moves there as well to gauge directional bias at NYSE Open. After all, it is all about money flows for NQ as well.

EDIT: By gridding, I mean this way.... using buy stop and sell stop to anticipate a fierce breakout. Has anyone tried this ?
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Staying in my lane...
  • #8,575
  • Oct 29, 2018 9:26am Oct 29, 2018 9:26am
Having trouble loading charts took an Ill advised short pullback at 9:36 at 52 for -12 we had a 2b break at 947 took pullback at 9:51:30 in hole 10 reversed for 25 had 123 break at 10:12 at 10:18we got pullback for 25 so +38 Today or 152 with the contracts decent day
  • #8,576
  • Oct 29, 2018 9:42am Oct 29, 2018 9:42am
Quoting VEEFX
{quote} Curious if anyone is analyzing the pre-NYSE (8am-9:30am) FX open session. There are some good liquidity squeeze moves there as well to gauge directional bias at NYSE Open. After all, it is all about money flows for NQ as well. EDIT: By gridding, I mean this way.... using buy stop and sell stop to anticipate a fierce breakout. Has anyone tried this ? {image} {image}
kinda reckless dont you think you could get hammered or rich looks like a gamble imop
  • #8,577
  • Oct 29, 2018 9:54am Oct 29, 2018 9:54am
Ended at -50 today ... caught the wrong kind of pullsbacks ... seems I find it hard to shake the habit ... I need to spend more time in the replay function ... good thing I am in sim mode ... eish.
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Never give up !!!
  • #8,578
  • Oct 29, 2018 9:57am Oct 29, 2018 9:57am
clocks gone back 1 hr, day light time change missed the action for the first hour, lets see if i can grab some before i go back to work.
on a postive roll...
  • #8,579
  • Oct 29, 2018 10:19am Oct 29, 2018 10:19am
Quoting Divergence
{quote} kinda reckless dont you think you could get hammered or rich looks like a gamble imop
With my limited knowledge with automation in Sierra, I would say it is reckless as it can quickly reverse so fingers have to be on flatten button at all times.
But, with automation, add only when in profit and with the trail BE settings, risk could be minimized. She literally flies 5-10 points in a heartbeat at these levels.

Another risk could be slippage which I doubt it as I am only taking 1 contract at a time.
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Staying in my lane...
  • #8,580
  • Oct 29, 2018 10:19am Oct 29, 2018 10:19am
Quoting Rmg
clocks gone back 1 hr, day light time change missed the action for the first hour, lets see if i can grab some before i go back to work.
never too late
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on a postive roll...
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