Doc,
Btw, I like your pivot indi. Do you mind to share it?
Btw, I like your pivot indi. Do you mind to share it?
Islander and Medici trade the European open
- #4,023
- Mar 30, 2012 7:37am Mar 30, 2012 7:37am
- Joined Nov 2008 | Status: Trader | 3,270 Posts
I guess this pullback was too early to take...
Attachment
The comments in the chart below explain why I didn't take that trade. In addition, I keep an eye on RB7, and there the sudden drop looked a bit suspicious and the pullback not deep enough.
- #4,026
- Mar 30, 2012 11:04am Mar 30, 2012 11:04am
- Joined Nov 2008 | Status: Trader | 3,270 Posts
Ic, thank you Medici.
I have updated my workspace, but still cannot buy that printer, maybe next month.
Just took me out, but I guess this was a Good Looser.
Wishing you all a great and sunny weekend!
Attachment
Well done this week and let's keep it up next week.Instead of printer, I use OneNote 2010 for storing charts for review in a journal. Could be an alternative if you happen to have it on your PC.
- #4,028
- Edited 9:34am Mar 31, 2012 6:20am | Edited 9:34am
- Joined Nov 2008 | Status: Trader | 3,270 Posts
- #4,031
- Apr 2, 2012 4:45am Apr 2, 2012 4:45am
- Joined Nov 2008 | Status: Trader | 3,270 Posts
Some nice charts being posted on this thread
and thank you for contribution (but where's that nice boy from Majorca gone !?).
He's involved in another project and will hopefully be back in due course.
PS. Medici : is that a 20/2 Keltner you have on your chart, please ?
It's the attached with 30/4.
- #4,032
- Apr 2, 2012 4:53am Apr 2, 2012 4:53am
- | Joined Feb 2006 | Status: Trader | 1,392 Posts
Thank-you .
.
- #4,033
- Edited 5:17am Apr 2, 2012 5:03am | Edited 5:17am
- Joined Nov 2008 | Status: Trader | 3,270 Posts
Thank-you
The reason I'm asking is that I take a lot of trades based on tick flow, and maybe I should explore this further. So have you made a more extensive comparison?
- #4,034
- Apr 2, 2012 5:38am Apr 2, 2012 5:38am
- | Joined Feb 2006 | Status: Trader | 1,392 Posts
Np. And what's the reason for switching to 233 tick/bar charts from RB5? The one stated above only?
The reason I'm asking is that I take a lot of trades based on tick flow, and maybe I should explore this further. So have you made a more extensive comparison?
Some days it is much more obvious than others and there are some entries that show more clearly on the R5, which I have now put back up alongside my tick chart (which nevertheless remains my primary chart).
Now, if you'll excuse me, I have to write out 1,000 times :
I will not make forum posts during the European morning
I will not make forum posts during the European morning
I will not make forum posts during the European morning
Only 997 lines to go....
J.
PS. By "tick flow" do you mean you're watching the order flow via Time & Sales, or via multi-level Bid/Ask, or cumulative tick and/or Market Profile ? I'm asking because all of these make sense to me but I have never been able to get my head around any of them & use successfully. I also wonder if they can be applied to FX, rather than futures or equities.
Prob not back again today as I now have a non-FX afternoon trading project.
- #4,035
- Apr 2, 2012 6:08am Apr 2, 2012 6:08am
- Joined Nov 2008 | Status: Trader | 3,270 Posts
Well, further to what I wrote, here's an example from the same charts this morning. If I look at the range bars inside the rectangle, I cannot pick out a key price (which I always want to find for entries). Following a comment from an old mentor, I looked again into tick charts (which I used for years previously) and was amazed at what I was missing.
Some days it is much more obvious than others and there are some entries that show more clearly on the R5, which I have now put back up alongside my tick chart (which nevertheless remains my primary...
I love it! So the tick bar chart combines the benefits of both time-based charts and range bars.Very much up my street, as I like to identify levels to trade off. Already grabbed a few pips around 1.3350 using these bars. For my interpretation of this morning, see attached. To be continued, as this excites me
Now, if you'll excuse me, I have to write out 1,000 times :
I will not make forum posts during the European morning
I will not make forum posts during the European morning
I will not make forum posts during the European morning
Only 997 lines to go....
Indeed. For the money this thread has cost me, I could buy a nice car...
PS. By "tick flow" do you mean you're watching the order flow via Time & Sales, or via multi-level Bid/Ask, or cumulative tick and/or Market Profile ? I'm asking because all of these make sense to me but I have never been able to get my head around any of them & use successfully. I also wonder if they can be applied to FX, rather than futures or equities.
BY tick flow trading I mean looking at the quote screen and watching the spread widen and tighten, indications of large orders being executed, or small orders being able to move the market. It's a kind of personality disorder that hits you after years of staring at screens :nerd:
Prob not back again today as I now have a non-FX afternoon trading project.
Ditto. See you around, I hope, for further exploration of these things.
- #4,037
- Apr 2, 2012 7:23am Apr 2, 2012 7:23am
- Joined Nov 2008 | Status: Trader | 3,270 Posts
Keep it up!A bit early in my taste, but that's partly a matter of personal preference.
Attached my tick candle view of things, where the continuation after the break of 1.3327 was a pure tick candle trade.
My sincere gratitude to jtrade for stopping by
Now off to other things...best of luck this afternoon!
- #4,038
- Apr 2, 2012 8:37am Apr 2, 2012 8:37am
Slightly early entry meant I had to endure drawdown, my stop was above the pivot at 110.10. Managed to hold this down to 28 where I put my stop after the HL. Was waiting to see if we could push on down to Friday's low but happy to get stopped for +67.
Follow, don't anticipate.