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  • #761
  • May 20, 2020 2:29am May 20, 2020 2:29am
Quoting Caiuss
{quote} Got to respect the market. Trade it as you have, not as you wish.
Agreed, i want to stay out of my weakness area.
on a postive roll...
  • #762
  • May 20, 2020 3:10am May 20, 2020 3:10am
Nice chop chop, fishing time is up.
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on a postive roll...
  • #763
  • May 20, 2020 4:04am May 20, 2020 4:04am
I think i will have to repost this everyday..lol
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on a postive roll...
  • #764
  • May 20, 2020 1:19pm May 20, 2020 1:19pm
Quoting Rmg
I think i will have to repost this everyday..lol {image}

Delta1 comes to mind when I read that! He posts here on FF.

Are u surviving the choppy PA? I'm done, but if I had to make a totally random wild gamble, I think we might fill the gap down to 24,100 area.
  • #765
  • May 20, 2020 1:27pm May 20, 2020 1:27pm
Done since around 10am.
Today was odd for me in the sense that I did well for my standards, but all of my feelings were against me the whole time and I didn't feel in sync.
So I was relieved to cash out of longs, as it was choppy slightly bullish at the open.
Felt like I had sprinted 100m dash and then just halted all of a sudden. Glad I halted as the up-move halted as well.

A wild guess for the close... this thing will just shoot down towards close and fill the gap around 24200/24100.
If my tape speeds up around 2pm and turns all red, yeah I'll short it, but otherwise it's better to be safe than sorry.
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  • #766
  • May 20, 2020 1:44pm May 20, 2020 1:44pm
This is what I'm saying about the chop today... Cumulative delta was negative, then spiked positive on a large 100+ contract buy near the top of this last spike.
Basically there is no follow up to push, unless it breaks out of 24,500 or to the downside of 24,400.

Post your ideas!
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  • #767
  • May 20, 2020 1:54pm May 20, 2020 1:54pm
Quoting 133usd
{quote} Delta1 comes to mind when I read that! He posts here on FF. Are u surviving the choppy PA? I'm done, but if I had to make a totally random wild gamble, I think we might fill the gap down to 24,100 area.
There is another one you may not know!!! Easy to locate, bragging all the time !!!

Nope, hit my max loss on challenge account. Looking back at it now shows no real focus, monkey trading actually.
Was up 2% withing first 30 minutes earlier this morning then end with 4% loss.
I just need to trade one and only setup which i have in mind, trading that single setup alone will brings in consistent returns. Everyday i am telling myself tmrw i will just do it and shut down the pc. But haven't done that 1 frigging day. Going back in circles, entering random trades all over the place based on gut feelings.
In one of the peter davis videos he insists to trade just 1 set up for a week then just watch the setup unfolding another week take notes etc, but no trades.
Learnt the wrong way to trade for a very long time.
I will have try not to trade multiple strategies based gut feelings .
Just 1 set up..# maybe from tmrw.
on a postive roll...
  • #768
  • May 20, 2020 2:16pm May 20, 2020 2:16pm
Quoting 133usd
This is what I'm saying about the chop today... Cumulative delta was negative, then spiked positive on a large 100+ contract buy near the top of this last spike. Basically there is no follow up to push, unless it breaks out of 24,500 or to the downside of 24,400. Post your ideas! {image} {image}
There is no significant volume both sides but every dip has been bought so far .
ranging between 22800- 24800 on longer tf.
Keeping it simple direction wise long only if price >open range, vice versa for shorts.
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on a postive roll...
  • #769
  • May 20, 2020 2:27pm May 20, 2020 2:27pm
Quoting 133usd
This is what I'm saying about the chop today... Cumulative delta was negative, then spiked positive on a large 100+ contract buy near the top of this last spike. Basically there is no follow up to push, unless it breaks out of 24,500 or to the downside of 24,400. Post your ideas! {image} {image}
24440-24460 area is the high volume node for the past 2 weeks , don't know for sure which side is winning.
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on a postive roll...
  • #770
  • May 20, 2020 3:09pm May 20, 2020 3:09pm
Quoting Rmg
{quote} There is another one you may not know!!! Easy to locate, bragging all the time !!! Nope, hit my max loss on challenge account. Looking back at it now shows no real focus, monkey trading actually. Was up 2% withing first 30 minutes earlier this morning then end with 4% loss. I just need to trade one and only setup which i have in mind, trading that single setup alone will brings in consistent returns. Everyday i am telling myself tmrw i will just do it and shut down the pc. But haven't done that 1 frigging day. Going back in circles, entering...

Delta1 pretends he has $20 million in his account lol, and uses that to elevate himself and put down others. He banned me because I don't post instant entry points (I can't post that fast anyhow, nor would I give away free entries). He blew his entire account but never admitted it back in Jan/Feb by just continually buying as price dropped. But somehow he turned his remaining 1 million into 20 million lol. BS.

Yeah Peter Davies advice is good as far as 1 setup only. Trader Interviews on youtube is one of my favorite. I like John "Rambo", the trader known for over-trading up to like 15%+ of the exchange volume in the futures market in Australia lol. Guy is nuts. Watched a little Anton Kriel, he's got great advice but it's more or less philosophical vs technical.
  • #771
  • May 20, 2020 3:14pm May 20, 2020 3:14pm
Quoting Rmg
{quote} There is no significant volume both sides but every dip has been bought so far . ranging between 22800- 24800 on longer tf. Keeping it simple direction wise long only if price >open range, vice versa for shorts. {image} {image}

Open range is a great way to trade. That's 1 of the strategies I use, among others. Everyone seems to watch those opening levels to some extent.
  • #772
  • May 20, 2020 3:18pm May 20, 2020 3:18pm
Quoting 133usd
{quote} Delta1 pretends he has $20 million in his account lol, and uses that to elevate himself and put down others. He banned me because I don't post instant entry points (I can't post that fast anyhow, nor would I give away free entries). He blew his entire account but never admitted it back in Jan/Feb by just continually buying as price dropped. But somehow he turned his remaining 1 million into 20 million lol. BS. Yeah Peter Davies advice is good as far as 1 setup only. Trader Interviews on youtube is one of my favorite. I like John "Rambo",...
I guess he blown up his demo account, lol
Now he is in elite trader, there is another shithead called destreid or something ,i am expecting a verbal war between them pretty soon.
yes, waiting with the popcorn lol.
Rambo's video links shared in my previous thread.
1 setup, rule based mechanical system is the only way forward for me now.
on a postive roll...
  • #773
  • May 20, 2020 3:45pm May 20, 2020 3:45pm
Nice thread guys.
Just curious why you both choose to trade DOW as opposed to Emini. I am new to futures and started trading Emini in March. It's a personal preference.
  • #774
  • May 20, 2020 3:52pm May 20, 2020 3:52pm
Quoting corinthia
Nice thread guys. Just curious why you both choose to trade DOW as opposed to Emini. I am new to futures and started trading Emini in March. It's a personal preference.
Break the silence finally Corinthia!!
Actually i am still on training wheels cannot afford emini, paid my dues 5k in 3 days on emini NQ last year. So chose to stick micros until then.
I am trading for a funded programme, where no futures no avail hence i use DOW cfd.
on a postive roll...
  • #775
  • May 20, 2020 3:52pm May 20, 2020 3:52pm
Quoting Rmg
{quote} I guess he blown up his demo account, lol Now he is in elite trader, there is another shithead called destreid or something ,i am expecting a verbal war between them pretty soon. yes, waiting with the popcorn lol. Rambo's video links shared in my previous thread. 1 setup, rule based mechanical system is the only way forward for me now.

Lol it really is hilarious to see 2 dummies like Delta duke it out over their fake ego. Ridiculous. All of it is lies. Too many flame wars on EliteTrader. Defeats the point of a community, honestly. Always better to be humble, in order to grow and learn.



Careful with the mechanical stuff (same with discretionary can be said), it's good to be a bit mechanical but also know when to *not* take a setup that your system is telling you to take. I tried a lot of things when I was new at trading and now looking back I think most of my mistakes were maybe 80% psychological. I never had a mentor which would have helped. When I was a new trader, I would make all of the usual mistakes. Getting chopped up on range days was usually my weakness. I would chase breakouts all the time and try new indicators etc.


This thread right here is the best place for DOW traders, I don't know any other good threads out there! Brixen and you have been humble and we all share info to help. Everyone trades differently, no right or wrong way, well unless it's losing money then it's wrong, but I don't believe in any hard rules or standards, other than does it make money - if yes, then keep doing it! Hopefully with minimal downside and risk ideally...

I find it more challenging and fun to trade on a smaller account.
I'm withdrawing some profits this week.
  • #776
  • May 20, 2020 4:01pm May 20, 2020 4:01pm
Quoting corinthia
Nice thread guys. Just curious why you both choose to trade DOW as opposed to Emini. I am new to futures and started trading Emini in March. It's a personal preference.

I do trade E-Mini Dow and Micro Dow (YM and MYM). Where I am now, I can't trade CFD's so I'm trading fully regulated futures contracts.
Recently I started trading mini contracts, but I do it carefully and much less than micro (I have a small account and I like to scale sometimes).
  • #777
  • May 20, 2020 4:09pm May 20, 2020 4:09pm
Thanks for the response guys.
Traded forex for many years and still trading it. However, I started trading futures in March as mentioned above.
Its like night and day. There is so much information available in Futures that's not available in Forex. e.g. Real volume, bids/offers etc. I use Jigsaw Trader Software like you 133usd. Its like x-ray vision.

I focus on the amount of bids/offers, flow of orders and use the recon tape to filter out size. So far it works well. Will post more when time permits.
  • #778
  • May 20, 2020 4:34pm May 20, 2020 4:34pm
Quoting corinthia
Thanks for the response guys. Traded forex for many years and still trading it. However, I started trading futures in March as mentioned above. Its like night and day. There is so much information available in Futures that's not available in Forex. e.g. Real volume, bids/offers etc. I use Jigsaw Trader Software like you 133usd. Its like x-ray vision. I focus on the amount of bids/offers, flow of orders and use the recon tape to filter out size. So far it works well. Will post more when time permits.

Edit: oh yes, this is exactly why I stopped trading spot forex once I found Jigsaw. Never ever would I go back! X-ray vision is right! Gotta love it. I'm still learning myself.

Excellent! I want to know your settings on Jigsaw for size filter/alerts etc.
Looking forward to hearing more. Welcome & don't be afraid to post!
  • #779
  • May 20, 2020 8:35pm May 20, 2020 8:35pm
With Jigsaw I use size filter of 30. My alert for block trades are set to 100. The key for me is size of orders hitting bids/offers. Size moves price. So if I place a trade based on my analysis of the orderbook, I need to see size hitting the bids/offers in support of my trade. The D.O.M./Market Orders flow so fast that the recon tape helps to slow things down.

I use Sierra Charts for my chart analysis. The Volume Profile on Sierra Charts is all I use to confirm key levels along with Jigsaw Volume Profile. I spent many many hours going through the drills and getting comfortable with the Order Book.
  • #780
  • May 21, 2020 12:26am May 21, 2020 12:26am
Quoting corinthia
With Jigsaw I use size filter of 30. My alert for block trades are set to 100. The key for me is size of orders hitting bids/offers. Size moves price. So if I place a trade based on my analysis of the orderbook, I need to see size hitting the bids/offers in support of my trade. The D.O.M./Market Orders flow so fast that the recon tape helps to slow things down. I use Sierra Charts for my chart analysis. The Volume Profile on Sierra Charts is all I use to confirm key levels along with Jigsaw Volume Profile. I spent many many hours going through...
Hi Corinthia, I'd like to ask if you're able to see/catch the held bid/offers on the book of YM/MYM using Jigsaw.
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