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Plan the Trade

  • #10,161
  • Jan 13, 2019 11:32am Jan 13, 2019 11:32am
talk about information overload yikes
  • #10,162
  • Jan 13, 2019 12:57pm Jan 13, 2019 12:57pm
Quoting bapakjason
https://youtu.be/GCUSo9WUNpE This is good for those interested in Sierra Chart. You can basically do whatever you want with it. And, its a fast platform. Edit: and as Baymax showed with the study he gave us here, you dont need to pay for the number bars study to get most of the info and use it in different ways because the platform tracks bid/ask volume anyway and uses it on other free studies (for those with AMP).
The guy who does these videos is really knowledgable. I came across one ages ago that shaded the background if certain conditions were meet. I messed around with some moving averages and got it working a treat. I'm sure the same could be done with divergence in another market, but one set of price action vs another - not sure.

Isn't it too easy to get sucked down the rabbit hole looking for the holy grail with this stuff? I do get the fact that when you see it swinging up and down, you think 'why can't I get more?'

Think I'd rather get fewer ticks with more lots, consistently. I guess there is no harm innovating.
'in less than half an hour he made over 100 ticks'
  • #10,163
  • Jan 13, 2019 1:10pm Jan 13, 2019 1:10pm
Yeah, i understand about information overload and rabbit holes. My point is only that if you have an idea then sierra chart can be used to see the idea in a simple way. The guy in the video mentions the same thing several times. That there are tools to see whatever anyone may wish to see in a simple manner that doesnt lead to decision fatigue.
Nothing to do with strategy necessarily, just a way of saying thanks to CG and Harold for pointing me to Sierra. It works and works well. : )
  • #10,164
  • Jan 13, 2019 1:58pm Jan 13, 2019 1:58pm
Quoting bapakjason
Yeah, i understand about information overload and rabbit holes. My point is only that if you have an idea then sierra chart can be used to see the idea in a simple way. The guy in the video mentions the same thing several times. That there are tools to see whatever anyone may wish to see in a simple manner that doesnt lead to decision fatigue. Nothing to do with strategy necessarily, just a way of saying thanks to CG and Harold for pointing me to Sierra. It works and works well. : )
i agree sierra imop is the best platform out there. Have you noticed the 2 market divergence that they occur near top or bottom of the market the majority of the time thats yummy
  • #10,165
  • Jan 13, 2019 2:14pm Jan 13, 2019 2:14pm
Quoting Divergence
{quote} i agree sierra imop is the best platform out there. Have you noticed the 2 market divergence that they occur near top or bottom of the market the majority of the time thats yummy
Still looking. But anything near the top or bottom is exciting !
  • #10,166
  • Jan 13, 2019 2:17pm Jan 13, 2019 2:17pm
here take a look will add this to my arsenal
Attached Images
  • #10,167
  • Jan 13, 2019 2:28pm Jan 13, 2019 2:28pm
heres some food for thought for those who want a nice run
Attached Image(s) (click to enlarge)
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  • #10,168
  • Jan 13, 2019 4:49pm Jan 13, 2019 4:49pm
Quoting Divergence
heres some food for thought for those who want a nice run {image} {image} {image} {image}
I'll be interested to see how you are able to exploit this in real time Harold! More juicy ticks coming your way, no doubt!
Lord, Liar, Lunatic. Those are only 3 options to Christ's diety claim.
  • #10,169
  • Jan 13, 2019 5:16pm Jan 13, 2019 5:16pm
Quoting capstone
{quote} I'll be interested to see how you are able to exploit this in real time Harold! More juicy ticks coming your way, no doubt!
tomorrow will be a go along with the pullback s and d
  • #10,170
  • Jan 13, 2019 6:43pm Jan 13, 2019 6:43pm
Quoting Divergence
{quote} tomorrow will be a go along with the pullback s and d
Hey D,
Interesting to see you tweak your long running strategy.

Quick question on backtesting. How reliable is the result product with market replay and live? I know you did a lot of backtesting before getting here. Since I start with curve fitting and then begin the process of elimination to come up with a strategy, I am just curious to see how much rigor you had to put in before going live. I am not there yet to pick up a random data set (date/range) but so far 1/1-till date and december month is looking good. Probably another week or so should be enough to try all the possible stress test.

It's automated with manual controls so I will share when the time is right and after I am satisfied with it's performance. Some may laugh at it's simplicity lol

EDIT: I must admit, I am having trouble with defining my "stop trading" rules apart of being time based (first 30, 60, 90, 150mins depending on what $ daily goal I go with)
Staying in my lane...
  • #10,171
  • Jan 13, 2019 7:12pm Jan 13, 2019 7:12pm
I backtested from October till present. it's just an extra setup when and if market calls for it I can take it with confidence
  • #10,172
  • Jan 13, 2019 8:19pm Jan 13, 2019 8:19pm
Quoting Divergence
I backtested from October till present. it's just an extra setup when and if market calls for it I can take it with confidence
I meant your current pullback strategy back in the day when you were backtesting before going live, how much backtesting did you do to achieve confidence to trade live?
Staying in my lane...
  • #10,173
  • Jan 13, 2019 8:32pm Jan 13, 2019 8:32pm
ive been trading pullback for a very long time i added s and d last year
  • #10,174
  • Jan 14, 2019 4:37am Jan 14, 2019 4:37am
Back to the old skool...
Attached Image (click to enlarge)
Click to Enlarge Name: **A.This Top Short Divergence 2017-06-12 at 19.57.03.png Size: 461 KB
'in less than half an hour he made over 100 ticks'
  • #10,175
  • Jan 14, 2019 8:48am Jan 14, 2019 8:48am
lousy PA so far
  • #10,176
  • Jan 14, 2019 8:57am Jan 14, 2019 8:57am
+1
  • #10,177
  • Jan 14, 2019 8:59am Jan 14, 2019 8:59am
Quoting Divergence
+1
yep
Become the casino
  • #10,178
  • Jan 14, 2019 9:07am Jan 14, 2019 9:07am
31 long +10
  • #10,179
  • Jan 14, 2019 9:09am Jan 14, 2019 9:09am
Quoting Divergence
31 long +10
Today is history in the making.... doing my screen recording for the very first time
Attached Image (click to enlarge)
Click to Enlarge Name: Image1.png Size: 39 KB
Staying in my lane...
  • #10,180
  • Jan 14, 2019 9:18am Jan 14, 2019 9:18am
crap pulled 41 long big bar and it shoots up short 4750
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