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Intraday Trading the US Index Futures

  • #341
  • Jan 10, 2020 8:44am Jan 10, 2020 8:44am
This might be it for me today - long day yesterday. +47 ticks
Attached Image (click to enlarge)
Click to Enlarge Name: MNQ 03-20 233 Tick 2020_01_10 6_40_38 AM.png Size: 68 KB
Small disciplines repeated with consistency lead to great achievements.
  • #342
  • Jan 11, 2020 9:46pm Jan 11, 2020 9:46pm
Quoting jmflukeiii
This might be it for me today - long day yesterday. +47 ticks {image}

Well done. You're a great trader. Thank you for sharing.
Without VSA, you're playing checkers while the Smart Money plays chess.
  • #343
  • Jan 13, 2020 8:22am Jan 13, 2020 8:22am
Quoting HiddenGap
{quote} Well done. You're a great trader. Thank you for sharing.
Appreciate the kind words. I'm not sure about me being great, but I'm doing okay - Glad you're back!
Small disciplines repeated with consistency lead to great achievements.
  • #344
  • Jan 13, 2020 9:14am Jan 13, 2020 9:14am
Feeling really under the weather, and sloppy trading on the sequence here, but netted what I want. Held the trade due to the 5M giant wick and trailed aggressively at the 5M low. -20 / +49 / +40 = +69

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Small disciplines repeated with consistency lead to great achievements.
  • #345
  • Jan 14, 2020 9:37am Jan 14, 2020 9:37am
Trades for today - couldn't get it in my head that NQ was going down, so missed all the good short entries until it was too late, of course! But played ES to the long and got back some NQ for a good morning session overall. NQ trades: +2 / +0 / -20 / +1 / +23. ES Trades: +18 / +11

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Small disciplines repeated with consistency lead to great achievements.
  • #346
  • Jan 15, 2020 9:26am Jan 15, 2020 9:26am
Trades for today, same setups as always on the tick chart for NQ. +53 / -20 / +80
Attached Image (click to enlarge)
Click to Enlarge Name: MNQ 03-20 233 Tick 2020_01_15 7_28_12 AM.png Size: 111 KB

Also, trying to incorporate some of the tick chart trading style into ES, but using the 1M to re-incorporate volume information into the trading. 1 trade for +2.75.
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Click to Enlarge Name: MES 03-20 1 Minute 2020_01_15 7_17_10 AM.png Size: 66 KB

And that will probably be it for the day -
Small disciplines repeated with consistency lead to great achievements.
  • #347
  • Jan 15, 2020 10:58am Jan 15, 2020 10:58am
Hi guys - great thread you have here and seems like a good bunch of profitable traders. When you say "same setups as always" would you mind elaborating a little please? I read the thread from the beginning but it seemed you may have changed your approach from a Brooks based method to something else? I'm just starting out trading the US Indexes - with the micro Dow - but not yet having anything like the success that you are. (I kept trying to short the opening rally on hopes of a pullback but to no avail)! I've been involved in the markets for 30 years now and this is my 3rd attempt at trading my own account so need to make this one count

Looking forward to hearing from you (as well as the other guys that post on this thread)

Regards

David
  • #348
  • Jan 15, 2020 11:11am Jan 15, 2020 11:11am
Quoting Wellington
Hi guys - great thread you have here and seems like a good bunch of profitable traders. When you say "same setups as always" would you mind elaborating a little please? I read the thread from the beginning but it seemed you may have changed your approach from a Brooks based method to something else? I'm just starting out trading the US Indexes - with the micro Dow - but not yet having anything like the success that you are. (I kept trying to short the opening rally on hopes of a pullback but to no avail)! I've been involved in the markets for 30...
Yes, no problem. I wrote out a detailed post on the thread below. I am more than happy to continue to elaborate here as well. Basically, track swing lows/highs and once they break, trade the pullback after the break. Trail by swings or signal against position or at relevant s/r.

here: https://www.forexfactory.com/showthr...4#post12687044
and
here: https://www.forexfactory.com/showthr...4#post12659754

I still watch the 5M and have much of the Brooks terminology running through my head. But found the shorter time frames (tick chart and 1M) to provide more setups and more importantly more detail about what's actually happening inside the 5M bars.

MYM volume seems pretty low and the range is lower than NQ, so while I looked at dow for awhile, I am focused on NQ and ES. But all of these are drastically better than trading the low range, high spread, decentralized forex markets.

EDIT: One more thing, I focus primarily on the first 90 minutes after US open, and typically only trade after that if not achieved the minimum daily target. However, I don't trade at all during US Lunch (12:00 EST - 2:00 EST).
Small disciplines repeated with consistency lead to great achievements.
  • #349
  • Jan 15, 2020 11:29am Jan 15, 2020 11:29am
Thank you for getting back so quickly! I've replicated the charts you posted on my platform and am going to study them in more detail along with the links you kindly posted. No doubt I'll have more questions going forward so very grateful for your help. One thing that does spring to mind now - do you use a fixed stop whenever you enter a trade ?

Definitely agree with you when it comes to FX - I've been in oil my whole life but that gets so wild they I don't fancy trading it with my own money!

My aim is to trade similar hours to you, and as I'm in the UK that means basically 2.30 - 4.00 pm. I think I can just about handle those hours...
  • #350
  • Jan 15, 2020 1:22pm Jan 15, 2020 1:22pm
Quoting Wellington
Thank you for getting back so quickly! I've replicated the charts you posted on my platform and am going to study them in more detail along with the links you kindly posted. No doubt I'll have more questions going forward so very grateful for your help. One thing that does spring to mind now - do you use a fixed stop whenever you enter a trade ? Definitely agree with you when it comes to FX - I've been in oil my whole life but that gets so wild they I don't fancy trading it with my own money! My aim is to trade similar hours to you, and as I'm in...
I generally use a fixed stop of 5 points in the NQ, but if the low or high prior to my entry is not much farther away, I might stick it out beyond that. Once I have 5 points profit, I move to break even. After achieving a minimum daily goal (40 ticks in NQ), I will either stop trading or reduce size. The goal is consistency so as to increase size.
Small disciplines repeated with consistency lead to great achievements.
  • #351
  • Jan 16, 2020 8:46am Jan 16, 2020 8:46am
First trade of the day, just love it so much when these things play out so perfectly. Classic triangle trade: price breaks down out of the triangle, but fails, then breaks up, then pulls back to the apex of the triangle, and then boom, off it goes! Icing on the cake is the apex of the triangle was at yesterday's high -

Attached Image (click to enlarge)
Click to Enlarge Name: MNQ 03-20 233 Tick 2020_01_16 6_41_11 AM.png Size: 99 KB
Small disciplines repeated with consistency lead to great achievements.
  • #352
  • Jan 16, 2020 9:13am Jan 16, 2020 9:13am
Quoting Wellington
Thank you for getting back so quickly! I've replicated the charts you posted on my platform and am going to study them in more detail along with the links you kindly posted. No doubt I'll have more questions going forward so very grateful for your help. One thing that does spring to mind now - do you use a fixed stop whenever you enter a trade ? Definitely agree with you when it comes to FX - I've been in oil my whole life but that gets so wild they I don't fancy trading it with my own money! My aim is to trade similar hours to you, and as I'm in...
David - what are you looking at so far
Small disciplines repeated with consistency lead to great achievements.
  • #353
  • Jan 16, 2020 10:12am Jan 16, 2020 10:12am
market is in range today. This is very unusual, Market is waiting for something...

Attached Image (click to enlarge)
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https://www.quantower.com/

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Follow the order flow with Quantower platform
  • #354
  • Jan 16, 2020 10:16am Jan 16, 2020 10:16am
Quoting benefactor
market is in range today. This is very unusual, Market is waiting for something... {image} https://www.quantower.com/ {image}
It seems to me that this is typically the case when new highs are made. No one is interested in buying at the new highs so you're left with sellers. Then price falls again until the intraday 'buy the dippers' buy it back up.

Very interesting charts!
Small disciplines repeated with consistency lead to great achievements.
  • #355
  • Jan 16, 2020 10:22am Jan 16, 2020 10:22am
keep in range)
Attached Image (click to enlarge)
Click to Enlarge Name: es flow.png Size: 269 KB


limits below were canceled, probably smells something))

power trades tool showed rapid execution at the top
Attached Image (click to enlarge)
Click to Enlarge Name: es powe trades.png Size: 204 KB
Follow the order flow with Quantower platform
  • #356
  • Jan 16, 2020 10:26am Jan 16, 2020 10:26am
Attached Image (click to enlarge)
Click to Enlarge Name: imbalance.png Size: 56 KB
Follow the order flow with Quantower platform
  • #357
  • Jan 16, 2020 10:29am Jan 16, 2020 10:29am
Quoting benefactor
{image}
And how do you use all this to enter and exit? You see the sell imbalance and you short at bar close?
Small disciplines repeated with consistency lead to great achievements.
  • #358
  • Jan 16, 2020 10:31am Jan 16, 2020 10:31am
I set levels before active session (volume pocs, market profile pocs, vwap) and watch how the liquidity is changing near these levels.
Follow the order flow with Quantower platform
  • #359
  • Jan 16, 2020 10:34am Jan 16, 2020 10:34am
Quoting benefactor
I set levels before active session (volume pocs, market profile pocs, vwap) and watch how the liquidity is changing near these levels.
Okay
Small disciplines repeated with consistency lead to great achievements.
  • #360
  • Jan 16, 2020 10:52am Jan 16, 2020 10:52am
Quoting benefactor
market is in range today. This is very unusual, Market is waiting for something... {image} https://www.quantower.com/ {image}

I love your charts !!!!

Jmflukeiii is a great trader and I enjoy seeing his "KISS" charts, but I truly believe the Big Boys embrace and use OrderFlow information in various forms.

Please keep posting.
Without VSA, you're playing checkers while the Smart Money plays chess.
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