DislikedDan over at Amp Futures gives a Forex demo in Ninja Trader, and he is very patient with helping you getting it set up. I would personally prefer to get set up in currency futures, however.Ignored
- #1,082
- Sep 7, 2007 1:10am Sep 7, 2007 1:10am
- | Joined Oct 2006 | Status: Currency Futures Trader | 54 Posts
How's everone doing on this part?
But, since I'm just entering using
Market orders, of course I don't often get zero spread.
What I've found is that it all depends on how fast the market is moving. Between midnight and 3:00 am EST, I can usually "steal a tick/pip" by entering on a limit order. But I don't always get filled, and since I refuse to chase a trade, I end up passing sometimes.
After 3:00 AM, I still enter on limit orders, but I put them at the Bid, not the Ask, just so there's no monkey business on the fill. It's important when I'm only targeting 4 ticks/pips.
Just my 2 euro's worth...
- #1,085
- Sep 7, 2007 1:33am Sep 7, 2007 1:33am
- | Commercial User | Joined Mar 2004 | 1,255 Posts
It says on their site that it works with MB....
http://www.ninjatrader.com/webnew/tr...okers_data.htm
Am I understanding that right?
I am confused now.
LT asked me to mark up the chart to tell him where I thought S/R was and where I "thought" I would enter aggressive scalps. I really don't have any idea on aggressive since I still have some issue with conservative....
But... the original post had the down arrow where I sold (I thought spine looked fine there) and up arrow where I did a manual stop as price broke spine up.
I also posted that a few minutes after this screen shot the price fell like I thought, it was just the punch up through the spine that my 1st question was about.
White Circle: double spine and an aggressive countermove i would never enter a short order there.
Green Dots are some entry points for me.
- #1,088
- Sep 7, 2007 2:02am Sep 7, 2007 2:02am
- Joined Mar 2007 | Status: ~~~~~~~~~ | 3,692 Posts
Hey Brent,
What I've found is that it all depends on how fast the market is moving. Between midnight and ....
don't wake up E/J. It's asleep.(Whispered) thanks for the response to my post, KD. it's just
what i needed to know.
It's almost Midnight and...
(Whispered) thanks for the response to my post, KD. it's just
what i needed to know.
Edit: Its alive!!
- #1,090
- Sep 7, 2007 2:16am Sep 7, 2007 2:16am
- Joined Mar 2007 | Status: ~~~~~~~~~ | 3,692 Posts
*eagerly awaits the wake up call*
Edit: It worked!
Post edit: for few minutes.
backinblack
Got it. Thanks. Can I ask when to "STOP DIGGING" if the trader is loosing? It is very difficult for me to stop trading. If I loose in any trade, I become greedy and want to make more money on the next trade. Which usually end up like disaster. Everybody says - no overtrading. What is your limit for the day? Number of trades - or limit of positive balance - or limit of negative balance? V.
This is because in each session you trade the number of good setups (according to your trading methology) should vary as much as 1 to 10.
What i do against overtrading is simply to analyze every single session and every single trade after 1h of trading, then i ask myself if i am still fine and concentrated. Then i continue
If i noticed i did something stupid in the analysis i simply stop!Ok that is not entirely true, since i love traidng i sometimes have the urge to trade even though i did some stupid things -> I click "change to sub account" and use a smallish account with only a few hundred on it.
So basically i trade there until i feel i am ready to trade with my normal account again ( 1 - 2 good trdes and no overtrading).
Another thing:
Theoreticaly speaking, what you should limit if that is the only way you can stop yourself from overtrading is the amount of pips you lost.
If you would limit the number of pips you should win a day you would increase your monthly variance but not your EV.
If you limit the number of trades you simply change nothing besides that you will still overtrade whenever there are no setup but you will let alot of good setups go on a day with a lot of good ones.
oh and btw. wooohahahaha its alive and it moves with me for the second time :-)
I consider limits like a number of trades or such things not a true help overtrading.
This is because in each session you trade the number of good setups (according to your trading methology) should vary as much as 1 to 10.
What i do against overtrading is simply to analyze every single session and every single trade after 1h of trading, then i ask myself if i am still fine and concentrated. Then i continue
Ok that is not entirely true, since i love traidng i sometimes have the urge to trade even though i did some stupid things -> I click "change to sub account" and use a smallish account with only a few hundred on it.
So basically i trade there until i feel i am ready to trade with my normal account again ( 1 - 2 good trdes and no overtrading).
Another thing:
Theoreticaly speaking, what you should limit if that is the only way you can stop yourself from overtrading is the amount of pips you lost.
If you would limit the number of pips you should win a day you would increase your monthly variance but not your EV.
If you limit the number of trades you simply change nothing besides that you will still overtrade whenever there are no setup but you will let alot of good setups go on a day with a lot of good ones.
oh and btw. wooohahahaha its alive and it moves with me for the second time :-)
It makes perfect sence to me. Thanks. Good luck.
@venca no prob, i always enjoy helping others :-)
@all
I just grabbed 2 pips and then lost them *lol* trading small ball right now
What i really wanted to say, i noticed the last few trading sessions that the setups in the vicinity of a 50 fib retracement area are always lower probability.
Anybody noticed sth similar ?
@all
I just grabbed 2 pips and then lost them *lol* trading small ball right now
What i really wanted to say, i noticed the last few trading sessions that the setups in the vicinity of a 50 fib retracement area are always lower probability.
Anybody noticed sth similar ?
