Justin's Playground | Page 154 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Trading Made Simple Playground 2 replies

P's playground 7 replies

Playground Price action 2 replies

Attachments: Justin's Playground
Exit Attachments

Justin's Playground

  • #3,061
  • Jun 18, 2021 3:53pm Jun 18, 2021 3:53pm
Quoting Hutch
{quote} Geez man your time zone is 5 hours ahead of mine you should be in bed
I leave my home every day including weekends at around 23:30 to go to my store. After I refill inventories and clean the store, I leave my store at around 3 or 4 am. When I arrive home, I briefly monitor the nat gas chart and take a shower. And then I go to bed. Most big move in the market happens before I leave my home. So, I still can do some day trading. I often not wake up until noon. When I wake up, I have a cup of coffee and watch recorded surveillance camera recordings to know what happened in my store while I wasn't there. After I have a lunch, I ride my electric kick scooter and go to my store again. I stay there briefly to check inventories and clean the store. This is not as bad as it may sound. Anyway, when I make enough income from my trading, I am gonna sell my store.
Simplicity is the ultimate sophistication - Leonardo da Vinci
  • #3,062
  • Jun 20, 2021 2:56am Jun 20, 2021 2:56am
Brent-WTI spread history chart. Want to buy (buy Brent and sell WTI at the same time) at around zero dollar. Looks safe trading when you trade with low leverage and longer term contract.

Attached Image (click to enlarge)
Click to Enlarge Name: 2021-06-20_18-52-07.png Size: 471 KB
Simplicity is the ultimate sophistication - Leonardo da Vinci
  • #3,063
  • Jun 20, 2021 6:06am Jun 20, 2021 6:06am
Attached Image (click to enlarge)
Click to Enlarge Name: 36895696-16238520419484446_origin.png Size: 44 KB
Simplicity is the ultimate sophistication - Leonardo da Vinci
  • #3,064
  • Jun 21, 2021 5:33am Jun 21, 2021 5:33am
Quoting heispark
{quote} CQG often experiences technical issues.... Rithmic is much better. {image}
Again today......
Attached Image (click to enlarge)
Click to Enlarge Name: 2021-06-21_21-30-34.png Size: 609 KB
Simplicity is the ultimate sophistication - Leonardo da Vinci
  • #3,065
  • Jun 21, 2021 6:30am Jun 21, 2021 6:30am
I am testing Quantower platform which is free for AMP CQG clients. I am only interested in its Bookmap copycat feature named "DOM Surface". It's a cheaper alternative to Bookmap and seems slightly better than MotiveWave's. Bookmap's trade volume bubble idea is now common and copied by many other platforms. That being said, I think Bookmap's price tag is somewhat overcharging. I may not use AMP's free version of Quantower since it's available only for CQG which only supports 10 levels of DOM (To connect Rithmic, I need to buy full-featured version which is $100/m). Currently, it's only for PC but they say they are developing Mac version too. Anyway, this is an interesting platform from Ukraine......
Attached Image (click to enlarge)
Click to Enlarge Name: 2021-06-21 22 07 57.png Size: 373 KB

Inserted Video
Simplicity is the ultimate sophistication - Leonardo da Vinci
  • #3,066
  • Jun 23, 2021 7:08am Jun 23, 2021 7:08am
Quoting heispark
I am testing Quantower platform which is free for AMP CQG clients. I am only interested in its Bookmap copycat feature named "DOM Surface". It's a cheaper alternative to Bookmap and seems slightly better than MotiveWave's. Bookmap's trade volume bubble idea is now common and copied by many other platforms. That being said, I think Bookmap's price tag is somewhat overcharging. I may not use AMP's free version of Quantower since it's available only for CQG which only supports 10 levels of DOM (To connect Rithmic, I need to buy full-featured version...
Personally, I don't like automatic and relative aggregation of dot sizes. It can lead over/under estimation of trading volumes. (Bookmap supports only aggregation option.)

<Quantower aggregation>
Attached Image (click to enlarge)
Click to Enlarge Name: 2021-06-23 22 56 53.png Size: 286 KB


<Motivewave non-aggregation>
Attached Image (click to enlarge)
Click to Enlarge Name: 2021-06-23_22-57-39.png Size: 602 KB


I think Motivewave's easier to see. I will stick to Motivewave.
Simplicity is the ultimate sophistication - Leonardo da Vinci
  • #3,067
  • Jun 23, 2021 7:28am Jun 23, 2021 7:28am
Cumulative Momentum

It's 8 year old, another indicator made by Mladen. As Mladen explained, it looks pretty interesting indicator.....

https://www.mql5.com/en/search#!keyw...ive%20momentum

"Momentum can be a useful indicator when it comes to trend finding, but, as far as I am concerned, it has a problem of too much signals when it is around some levels. Simple smoothing does not work (adds lag) neither using average instead of "raw price" (for same reason - adds lag). This is one possible way to overcome that problems
Instead of calculating just a single value of momentum this one is cumulating all the momentum values up to length desired (so it is mom)1_+mom(2)+mom(3)+...+mom(n)) and you can use an averaged (smoothed) values for calculation and in this case the surprise is that there is no lag added compared to "regular" momentum calculation (in a lot of cases quite the opposite - seems that cumulating values lessens the lag). Here is one comparison of the cumulative calculation (upper) and "regular" momentum (lower)"

Attached Image (click to enlarge)
Click to Enlarge Name: cumulative_momentum_1.gif Size: 34 KB

Also, recently updated by Mrtools: https://forex-station.com/viewtopic....88#p1295437388
Attached File(s)
File Type: ex4 cumulative - momentum.ex4   127 KB | 491 downloads
Simplicity is the ultimate sophistication - Leonardo da Vinci
  • #3,068
  • Edited 2:22am Jun 24, 2021 1:44am | Edited 2:22am
Quoting heispark
{quote} Very bullish momentum at the moment....... Stops at Nov and Feb highs are being targeted. {image} https://www.fxstreet.com/news/natura...s-202106110641 {image}
Quoting heispark
{quote} {image}I call it a typical 'chaser removing maneuver'. Market makers love to fuck up average Joe and Jane who believe themselves are traders...... 'Prediction' or 'expectation' in this business doesn't work in the long run. 'Reaction' is the only way to survive.
Obviously, the target was 2020 high. Very often market pulls back and removes weak players before it continues its play. Don't be mad. That's how this game works.
Attached Image (click to enlarge)
Click to Enlarge Name: 2021-06-24_17-36-51.png Size: 582 KB


Attached Image (click to enlarge)
Click to Enlarge Name: 2021-06-24_17-52-06.png Size: 60 KB

https://www.fxempire.com/forecasts/a...barrier-745507

Attached Image (click to enlarge)
Click to Enlarge Name: 2021-06-24_18-19-56.png Size: 96 KB

https://www.fxstreet.com/news/natura...e-202106240538
Simplicity is the ultimate sophistication - Leonardo da Vinci
  • #3,069
  • Edited 7:41am Jun 24, 2021 3:50am | Edited 7:41am
Natural Gas August-December contracts spread:

Attached Image (click to enlarge)
Click to Enlarge Name: 2021-06-24_19-43-41.png Size: 1.0 MB
Attached Image (click to enlarge)
Click to Enlarge Name: 2021-06-24_19-43-01.png Size: 1.1 MB
Attached Image (click to enlarge)
Click to Enlarge Name: 2021-06-24_19-45-58.png Size: 459 KB

I will bet spread widening. I see this is a high provability trading. Gauging timing. Not entered yet.

CME SPAN margin is $500.
Attached Image (click to enlarge)
Click to Enlarge Name: 2021-06-24_19-53-00.png Size: 54 KB


EDIT: Sold @ -0.137. Another pending sell @ -0.130.
Simplicity is the ultimate sophistication - Leonardo da Vinci
  • #3,070
  • Jun 24, 2021 11:58am Jun 24, 2021 11:58am
Quoting heispark
{quote} {quote} Obviously, the target was 2020 high. Very often market pulls back and removes weak players before it continues its play. Don't be mad. That's how this game works. {image} {image} https://www.fxempire.com/forecasts/a...barrier-745507 {image} https://www.fxstreet.com/news/natura...e-202106240538
Well $3.40 was easily reached today (actually $3.45) but obviously there are short sellers at that level but the uptrend could very well continue.
Actually I cannot remember the last time I saw NG at $3.45.
Attached Image (click to enlarge)
Click to Enlarge Name: ng.png Size: 30 KB
  • #3,071
  • Jun 24, 2021 7:04pm Jun 24, 2021 7:04pm
Quoting Hutch
{quote} Well $3.40 was easily reached today (actually $3.45) but obviously there are short sellers at that level but the uptrend could very well continue. Actually I cannot remember the last time I saw NG at $3.45. {image}
Chasing could not be very good idea at this time but IMHO, shorting is even more dangerous. Current situation can make a perfect storm.......
Simplicity is the ultimate sophistication - Leonardo da Vinci
  • #3,072
  • Jun 25, 2021 3:33am Jun 25, 2021 3:33am
Quoting heispark
{quote} This is the reason why I partly disagree Chris' strong bearish view...... Regional, US forward gas curves stay elevated on storage decline, production risk https://www.spglobal.com/platts/en/m...slowly-restart
Quoting heispark
Also, watch out the gap above which needs to be filled sooner or later...... {image} The problem is too many people (including Chris) are now selling Nat Gas.... which sounds omen to sellers.......
Chris finally has changed his bearish view.....
https://www.fxempire.com/forecasts/a...istance-746056
Attached Image (click to enlarge)
Click to Enlarge Name: 2021-06-25_19-25-48.png Size: 171 KB
Attached Image (click to enlarge)
Click to Enlarge Name: 2021-06-25_19-26-44.png Size: 242 KB
Simplicity is the ultimate sophistication - Leonardo da Vinci
  • #3,073
  • Jun 25, 2021 7:14am Jun 25, 2021 7:14am
Quoting heispark
True Strength Index (TSI) {image}{file} https://forex-station.com/viewtopic....47#p1295428347 http://thetsitrader.blogspot.com/p/6...sing-true.html https://school.stockcharts.com/doku....strength_index...
Jurik version of TSI is available now: https://forex-station.com/viewtopic....84#p1295437584
Attached Image (click to enlarge)
Click to Enlarge Name: 2021-06-22_002836.png Size: 23 KB
Attached File(s)
File Type: mq4 Blau - ergodic Jurik tsi & alerts.mq4   10 KB | 508 downloads

It looks much better than original version.
Simplicity is the ultimate sophistication - Leonardo da Vinci
  • #3,074
  • Jun 28, 2021 6:21am Jun 28, 2021 6:21am
One of the challenges in Natural Gas day trading is it often completes daily major move even before the market open. It's 10 mins before market open now but it's already filled 100% ADR. It's impossible to predict and this pattern changes without any clue. As a trend following momentum trader, I prefer to trade during regular market session. This is true to all futures markets.
Attached Image (click to enlarge)
Click to Enlarge Name: 2021-06-28_22-17-09.png Size: 1.7 MB
Simplicity is the ultimate sophistication - Leonardo da Vinci
  • #3,075
  • Jun 29, 2021 4:26am Jun 29, 2021 4:26am
Attached Image (click to enlarge)
Click to Enlarge Name: 2021-06-29_20-25-00.png Size: 600 KB

Simplicity is the ultimate sophistication - Leonardo da Vinci
  • #3,076
  • Edited 7:05pm Jun 29, 2021 12:18pm | Edited 7:05pm
Quoting heispark
Natural Gas August-December contracts spread: {image}{image}{image} I will bet spread widening. I see this is a high provability trading. Gauging timing. Not entered yet. CME SPAN margin is $500. {image} EDIT: Sold @ -0.137. Another pending sell @ -0.130.
Currently, it's narrowed to -0.106.
Can summer nat gas be more expensive than winter nat gas? I don't think so at least under current conditions.
I sold one more contract @ -0.101.
Simplicity is the ultimate sophistication - Leonardo da Vinci
  • #3,077
  • Jun 29, 2021 2:24pm Jun 29, 2021 2:24pm
Although NG only went up 6¢ today it produced the 2 best wining trades that I've seen this year.
Attached Image (click to enlarge)
Click to Enlarge Name: XNGUSDM10.png Size: 33 KB
  • #3,078
  • Jun 29, 2021 7:22pm Jun 29, 2021 7:22pm
Quoting heispark
Natural Gas August-December contracts spread: {image}{image}{image} I will bet spread widening. I see this is a high provability trading. Gauging timing. Not entered yet. CME SPAN margin is $500. {image} EDIT: Sold @ -0.137. Another pending sell @ -0.130.
Attached Image (click to enlarge)
Click to Enlarge Name: 2021-06-30_11-19-45.png Size: 1.1 MB
Simplicity is the ultimate sophistication - Leonardo da Vinci
  • #3,079
  • Jun 29, 2021 8:49pm Jun 29, 2021 8:49pm
Attached Image (click to enlarge)
Click to Enlarge Name: 2021-06-30_12-47-58.png Size: 275 KB

https://www.fxempire.com/forecasts/a...bullish-747361
Simplicity is the ultimate sophistication - Leonardo da Vinci
  • #3,080
  • Jun 30, 2021 4:58am Jun 30, 2021 4:58am
Quoting heispark
{image}
Attached Image (click to enlarge)
Click to Enlarge Name: 2021-06-30_20-56-46.png Size: 618 KB
Anyway, I expect the market will test $4 sooner or later.......
Simplicity is the ultimate sophistication - Leonardo da Vinci
8 traders viewing now