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Justin's Playground

  • #2,421
  • Jan 22, 2020 4:06pm Jan 22, 2020 4:06pm
Quoting heispark
{quote} Bargain hunters are aggressive! 841, 606 and 1084 contracts of limit buy orders are waiting....... {image}
Hi Justin. Your chart looks like a piece of art. Are you in any way related to Banksy?

Since I want to produce works of art also could you please tell me what trading software you are using to produce these charts?
  • #2,422
  • Jan 23, 2020 1:03am Jan 23, 2020 1:03am
Quoting Hutch
{quote} Hi Justin. Your chart looks like a piece of art. Are you in any way related to Banksy? Since I want to produce works of art also could you please tell me what trading software you are using to produce these charts?
Hi, Hutch
That was Bookmap with Rithmic data feed. It's not for Forex by the way.
Hope it helps.
Thanks,
Simplicity is the ultimate sophistication - Leonardo da Vinci
  • #2,423
  • Jan 23, 2020 5:57am Jan 23, 2020 5:57am
Quoting heispark
{quote} Ok, fair enough. I've decided to buy Sierra Chart. You know what, in Futures trading, you mostly end up with multiple platforms because there is no single platform fulfilling your demand perfectly.... In terms of cumulative delta which I find an edge, Sierra Chart is the best.... I am spending more money to platforms than the money I make...
Cumulative Delta divergence from Sierra Chart. I pay $25/m virtually only to have these Cumulative Delta indicators in Sierra Chart.....
Its edge is not significant but I still find some edge and therefore I use it. But to be honest, I don't know if I will be still using it after 12 months.

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Sierra Chart is great but their user interface is somewhat cluttered and unorganized. In futures world, you would mostly end up with multiple platforms as no single platform can satisfy you perfectly....
Simplicity is the ultimate sophistication - Leonardo da Vinci
  • #2,424
  • Jan 23, 2020 6:29am Jan 23, 2020 6:29am
I don't use WCU (World Currency Unit) strategy any more but I miss it time to time. Believe or not, it has some magical edge. The following is for Gold. Gold may go down sooner or later. I used to make consistent profit using WCU. This was the only strategy I found profitable in Forex trading. Someone may want to try using it with Elliott Wave theory (if you know how to use EW) or harmonic patterns (I tried it without much success). It works until next black swan visits you......
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Simplicity is the ultimate sophistication - Leonardo da Vinci
  • #2,425
  • Edited Jan 24, 2020 8:23am Jan 23, 2020 11:13am | Edited Jan 24, 2020 8:23am
Quoting heispark
{quote} Bargain hunters are aggressive! 841, 606 and 1084 contracts of limit buy orders are waiting....... {image}
Updated. Looks like somebody wants to defend those levels...... They cancel these limit orders before NY market close and resubmit them during the regular market session. Interesting....
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Updated:
They came again today at 9 am ET.... What's their intention?
It's March contract (NGH) now.
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Simplicity is the ultimate sophistication - Leonardo da Vinci
  • #2,426
  • Jan 25, 2020 10:29pm Jan 25, 2020 10:29pm
Quoting heispark
{quote} Updated. Looks like somebody wants to defend those levels...... They cancel these limit orders before NY market close and resubmit them during the regular market session. Interesting.... {image} Updated: They came again today at 9 am ET.... What's their intention? It's March contract (NGH) now. {image}
I believe they are profit targets of big sellers. At around that level, I expect we would have a short covering rally.
Simplicity is the ultimate sophistication - Leonardo da Vinci
  • #2,427
  • Jan 26, 2020 6:35pm Jan 26, 2020 6:35pm
Quoting heispark
{quote} I believe they are profit targets of big sellers. At around that level, I expect we would have a short covering rally.
Started already??
Anyway, it's obvious sellers want to lock their profits.
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Simplicity is the ultimate sophistication - Leonardo da Vinci
  • #2,428
  • Jan 27, 2020 6:45am Jan 27, 2020 6:45am
This is a good example of practical use of order flow study. You don't want to leave a decent liquidity behind you. Very often it come back to consume that liquidity. Not taken yet but it's very likely it's taken out sooner or later.
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(/NG 1M chart)
Simplicity is the ultimate sophistication - Leonardo da Vinci
  • #2,429
  • Jan 27, 2020 6:56am Jan 27, 2020 6:56am
Quoting heispark
This is a good example of practical use of order flow study. You don't want to leave a decent liquidity behind you. Very often it come back to consume that liquidity. Not taken yet but it's very likely it's taken out sooner or later. {image} {image} (/NG 1M chart)
Taken out.
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Simplicity is the ultimate sophistication - Leonardo da Vinci
  • #2,430
  • Jan 27, 2020 7:03am Jan 27, 2020 7:03am
Quoting heispark
This is a good example of practical use of order flow study. You don't want to leave a decent liquidity behind you. Very often it come back to consume that liquidity. Not taken yet but it's very likely it's taken out sooner or later. {image} {image} (/NG 1M chart)
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Simplicity is the ultimate sophistication - Leonardo da Vinci
  • #2,431
  • Jan 27, 2020 11:03pm Jan 27, 2020 11:03pm
The demise of TD Ameritrade and Thinkorswim... Let me see how Charles Schwab would fix it.
Inserted Video

TD Ameritrade's Thinkorswim never have been a good execution platform.
Simplicity is the ultimate sophistication - Leonardo da Vinci
  • #2,432
  • Jan 28, 2020 7:35am Jan 28, 2020 7:35am
Quoting heispark
This is a good example of practical use of order flow study. You don't want to leave a decent liquidity behind you. Very often it come back to consume that liquidity. Not taken yet but it's very likely it's taken out sooner or later. {image} {image} (/NG 1M chart)
Today's example. Liquidity magnets price. Knowing it is your edge. That's why spoofing (illegal in the U.S.) works.
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Simplicity is the ultimate sophistication - Leonardo da Vinci
  • #2,433
  • Jan 28, 2020 3:07pm Jan 28, 2020 3:07pm
Quoting heispark
The demise of TD Ameritrade and Thinkorswim... Let me see how Charles Schwab would fix it. https://youtu.be/JEUZf4Vd8vA TD Ameritrade's Thinkorswim never have been a good execution platform.
A bad platform cannot be fixed it has to be reprogrammed completely. This is why most traders use MT4.
  • #2,434
  • Jan 28, 2020 11:43pm Jan 28, 2020 11:43pm
Quoting Hutch
{quote} A bad platform cannot be fixed it has to be reprogrammed completely. This is why most traders use MT4.
MT4 is ok especially when I consider it's free for both platform and data. I decided to ditch MT4 the other day but I find myself still using it mainly because I couldn't convert a couple of indicators I like. Even if I can convert them for other platforms, one question is still remaining.... Which platform? I haven't found 100% perfect platform yet. TOS is obviously out of consideration. It's slow and a computing resource hog.
Simplicity is the ultimate sophistication - Leonardo da Vinci
  • #2,435
  • Jan 28, 2020 11:45pm Jan 28, 2020 11:45pm
Quoting heispark
{quote} Updated. Deep divergence. {image}
Updated. I think NG is finding bottom now.....
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Simplicity is the ultimate sophistication - Leonardo da Vinci
  • #2,436
  • Jan 29, 2020 7:28am Jan 29, 2020 7:28am
/NG 1.940 has 184 limit sell contracts. It's also overlapping with Daily Pivot R1 and 1H 200 EMA.
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Simplicity is the ultimate sophistication - Leonardo da Vinci
  • #2,437
  • Jan 29, 2020 3:28pm Jan 29, 2020 3:28pm
Quoting heispark
{quote} MT4 is ok especially when I consider it's free for both platform and data. I decided to ditch MT4 the other day but I find myself still using it mainly because I couldn't convert a couple of indicators I like. Even if I can convert them for other platforms, one question is still remaining.... Which platform? I haven't found 100% perfect platform yet. TOS is obviously out of consideration. It's slow and a computing resource hog.
My secondary broker ditched MT4 forcing all traders to migrate to MT5. I ditched the broker. MT5 lacks too many custom indicators to be useful for traders that have been trading for a long time using their favorite platform.
  • #2,438
  • Feb 1, 2020 8:40pm Feb 1, 2020 8:40pm
Quoting heispark
{quote} I don't need to defend Ricky but the videos insisting he's a scam is illogical IMHO. Their main logic is if he makes 1-2% profit each day, he will soon become the richest man in the world. Ricky didn't say his target is becoming next George Soros. Rick is basically a scalper and due to market liquidity, obviously his strategy has a certain limit. He is also realistic. He knows his strategy can stop working tomorrow, and therefore (I guess) he diversifies his income sources. Other than trading, he buys houses and does a car dealer ship or...
Can someone locally manipulate TOS trading statement? I am starting to think Ricky might not be legit.... Last Friday he were sick and even didn't attend the live stream. And later he came up with a recap video telling he made over $2000 without much details. The NG market on Friday was especially choppy.... Grumpy I am, so I made some comments on his Discord channel.
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His recap video for last Friday:
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Simplicity is the ultimate sophistication - Leonardo da Vinci
  • #2,439
  • Feb 2, 2020 9:32am Feb 2, 2020 9:32am
Quoting heispark
RCI: Rank Correlation Index. This is similar to Spearman's rank correlation indicator. RCI is popular among Japanese traders. A well-known Japanese lady trader named Mayumi wrote a book which became a best seller. She used bollinger bands, RCI, RSI and MACD at 5 Min chart. She insists she makes 70% profit each month. {image} Found a good template containing RCI. Try it: https://www.forexfactory.com/showthr...16#post9632616 Looks similar to, and potentially as good as Alien's...
Found a better RCI system. I like it. Japanese traders just love RCI.....
https://forex-station.com/viewtopic....80#p1295401980
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File Type: tpl RCI Stochastic MA Trading Strategy.tpl   20 KB | 481 downloads

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For details, try Google search using keyword "Tensoko RCI". You may need Google translation to read Japanese pages.
Simplicity is the ultimate sophistication - Leonardo da Vinci
  • #2,440
  • Feb 2, 2020 10:22am Feb 2, 2020 10:22am
Quoting heispark
{quote} Can someone locally manipulate TOS trading statement? I am starting to think Ricky might not be legit.... Last Friday he were sick and even didn't attend the live stream. And later he came up with a recap video telling he made over $2000 without much details. The NG market on Friday was especially choppy.... Grumpy I am, so I made some comments on his Discord channel. {image}{image} His recap video for last Friday: https://youtu.be/MeFosYL3FFw
Since he was showing his screen the only way he could have manipulated TOS or any other platform statement would have been to take a picture of the platform/statement, manipulate it by changing numbers, take a picture of the new statement and show it on his screen. This would require a lot of work and all he would achieve is to boost his ego. NG was all over the place Friday and had gaps on every time frame except H4 so this wasn't good trading conditions making it harder to make good trades. No good trades = no money
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