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  • #9,741
  • Jan 26, 2016 4:59pm Jan 26, 2016 4:59pm
Quoting degil
I am currently with AMP, and the high is also 85.75
Thank you!
  • #9,742
  • Jan 26, 2016 5:11pm Jan 26, 2016 5:11pm
heres a question why are all charts different. my friends different I went downstairs to my other computer and it shows different patterns than 1 upstairs any ideas
  • #9,743
  • Jan 27, 2016 1:18am Jan 27, 2016 1:18am
Quoting Divergence
heres a question why are all charts different. my friends different I went downstairs to my other computer and it shows different patterns than 1 upstairs any ideas
As a former long-time TradeStation user, the answer lay in whether you chose "Natural Hours" (your local time zone) or "Exchange Hours" : with Exchange Hours, the first tick of the day was synched with the exchange, so everyone's chart looked the same, inc non-time based charts.

With other platforms, I'd suggest first checking that your 1 hr charts are the same : if not, then forget about it, because they should be !

The issue usually concerns non-time based charts (mainly tick, range, volume & renko), because the chart start point - therefore the price at which the first tick is received and from which the chart's first bar is calculated, affecting the positions of all subsequent bars - is different. So unless you have the Exchange synch option, not only will your and others' charts always be slightly mismatched (unless you can exactly synch both chart lookback and start time, which is almost impossible), but your own charts may redraw every time you disconnect !

This utterly fascinating explanation is brought to you by the jtLabs Breakfast Show.
  • #9,744
  • Jan 27, 2016 2:35am Jan 27, 2016 2:35am
Jt's lab is very prompt indeed.

I found this kind of info from interwebs:

http://emini-watch.com/emini-trading/tick-charts/

"
You’ll never match Tick Charts from different data feeds
No two tick data feeds are the same. This is why you’ll never get 2 tick charts using different data feeds to match up exactly. On time-based charts, for example a 5 minute chart, there’s not normally a problem. The data from the exchange is time-stamped and your charting platform uses this to draw the bar.
However, with a tick chart, new bars are drawn based on the number of trades that have been completed – and this trade count can be:

  1. Filtered by the data feed provider
  2. Aggregated to reduce bandwidth requirements by the data feed provider
  3. Missing trades because of momentary Internet disconnects
  4. Processed out-of-sequence because of multi-threading on your computer, etc.

Frustrating – I know. But that’s life in the big city. However, for me the advantages of a tick chart far outweigh these negatives.
"

"
Don’t use Interactive Brokers (IB) data for Tick Charts
Lastly, the IB data feed available via their Trader Workstation Software (TWS) is not a true tick-by-tick data feed. IB provides snap shots of the trade data several times a second with an aggregate of the trades that took place during that interval. As a result time-based charts (e.g. 5 minute charts) will be correct, however, a tick chart will not."

"

  1. Tick charts will never match between different data providers. This is just a fact of life. It’s not ideal but in no way should dissuade you from using tick charts.

"

  • #9,745
  • Jan 27, 2016 2:43am Jan 27, 2016 2:43am
Quoting tdforex
I found this kind of info from interwebs: http://emini-watch.com/emini-trading/tick-charts/ " "
Great link, td - Barry's site is a good one, although he is also a longtime TradeStation (as well as NinjaTrader) user who doesn't know the "Exchange Hours" fix !

In other business... come on miniDAX (stalling at the Open) :

Attached Image (click to enlarge)
Click to Enlarge Name: FDXM.PNG Size: 51 KB


Edit : out @ 1.5R. Next !
  • #9,746
  • Jan 27, 2016 7:54am Jan 27, 2016 7:54am
So time charts will be same ticks will vary that makes sense thought there was something to it. Just watch your own chart for setups my chart posting will be a reference point though there might not be setup on yours your chart may have one mine doesnt. In the end same amount of trades should be put on
  • #9,747
  • Jan 27, 2016 8:27am Jan 27, 2016 8:27am
I've known that non-time series charts will vary from feed to feed. But the first 5 minute bar of a 5 minute candle or ohlc chart ought to be the same wherever you are and through whichever broker you are trading.

Anyhow, today is crude inventory and FOMC statement so if you wanted to take a day off from trading, this might be a good one.
  • #9,748
  • Jan 27, 2016 9:33am Jan 27, 2016 9:33am
3 nice YM trades 1 long on a pb to 2b at bottom and 2 short ones out of box from 61 and 30
  • #9,749
  • Jan 27, 2016 10:38am Jan 27, 2016 10:38am
Sorry guys this is silly I should know this but do we trade up until 1130am e.s.t? or later
  • #9,750
  • Jan 27, 2016 11:00am Jan 27, 2016 11:00am
I usually trade from 830 to 1130 if something is setting up at 1130 I will take it unless I have made a bunch of money already but the YM can be traded till late after afternoon it is the dow industrial (stock market) I just choose the ny morning session. To me less is more
  • #9,751
  • Jan 27, 2016 11:14am Jan 27, 2016 11:14am
Quoting Divergence
I usually trade from 830 to 1130 if something is setting up at 1130 I will take it unless I have made a bunch of money already but the YM can be traded till late after afternoon it is the dow industrial (stock market) I just choose the ny morning session. To me less is more

Cheers D
  • #9,752
  • Jan 27, 2016 12:43pm Jan 27, 2016 12:43pm
Love this set-up, (again 15sec DAX);

Attached Image (click to enlarge)
Click to Enlarge Name: daxH&S.png Size: 151 KB
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  • #9,753
  • Jan 27, 2016 1:47pm Jan 27, 2016 1:47pm
Nice chart, CG.

I think I'm going to try a spell of AIAO, rather than scaling out : I had a lot of t1 hit then back to b/e +1 this month, so I think a simple 2R target will go on the menu...
  • #9,754
  • Jan 27, 2016 5:40pm Jan 27, 2016 5:40pm
Quoting Divergence
3 nice YM trades 1 long on a pb to 2b at bottom and 2 short ones out of box from 61 and 30
On the pull back trades, are you entering with a limit order, D? Or do you wait for the pullback and then place a buy stop above the market in the direction of the trade?
  • #9,755
  • Jan 27, 2016 5:43pm Jan 27, 2016 5:43pm
Quoting The Cableguy
Love this set-up, (again 15sec DAX);
15 second chart! Wow! That would be too fast for me. I've been simming a new set up on the ES and that is as fast as I can handle (sometimes even that is to fast).

I was also looking at the TF today using 144 tick chart. That market has possibilities. I used to trade it back when it was the ER2 on the SME, but once it went to ICE it just sort of died. It is coming back to CME in 2017, so it is something to keep an eye on, in my opinion, that is.
  • #9,756
  • Jan 27, 2016 6:44pm Jan 27, 2016 6:44pm
Quoting ddaytrader
{quote} On the pull back trades, are you entering with a limit order, D? Or do you wait for the pullback and then place a buy stop above the market in the direction of the trade?
limit order on the pb
  • #9,757
  • Jan 27, 2016 6:58pm Jan 27, 2016 6:58pm
When ym was humming 120 to 200 ticks a day. When it's slower 50 to 80 a day. Here's something to think about get 50 ticks a day with 3 contracts = 750 4 days a week = 3000. There's been no partial fills loving this
  • #9,758
  • Jan 28, 2016 3:08am Jan 28, 2016 3:08am
Strong move off the LO (actually, already off the FO an hour earlier), but no entry set ups for me on either FDXM or YM.

I tried a couple of nervy long swing resumption entries, but bailed on both : these were trades that had to resume fast or I was out (& just as well). Maybe a clear short will appear in the next 15 mins or so, but if not, the dog gets an early walk on a cold, sunny morning... then I might look in again for the early US session.

Attached Image (click to enlarge)
Click to Enlarge Name: YM RSI.PNG Size: 71 KB


Edit : the magenta lines mark an exact 2-legged pullback, Mack-style : now that was the bold and perfect entry (marked with green triangle) !
  • #9,759
  • Jan 28, 2016 4:19am Jan 28, 2016 4:19am
Quoting ddaytrader
{quote} 15 second chart! Wow! That would be too fast for me. I've been simming a new set up on the ES and that is as fast as I can handle (sometimes even that is to fast). I was also looking at the TF today using 144 tick chart. That market has possibilities. I used to trade it back when it was the ER2 on the SME, but once it went to ICE it just sort of died. It is coming back to CME in 2017, so it is something to keep an eye on, in my opinion, that is.
Yeh it is a bit crazy! The DAX is as much of an animal as the DOW, regularly moving even more %wise. The thing is the DAX 15sec gives plenty of set-ups (obviously). I keep the 1min chart open underneath for a comparison and it is certainly easier to find nicer trends on the 15sec.

It may not appear to have big enough pullbacks on the 1min and that one can show a move in a far straighter line with no set-ups, whereas, the 15sec will often show 123's for return to trend. I'm still playing around and seeing what works for me and what doesn't.

I'm testing the 'take everything that looks like a set-up' vs 'the disciplined, take only that looks good' approach at the moment and it's early days. Taking a loser (or worse, two in a row), first off is a difficult one to overcome in the 'take everything' category, because you naturally want to sit back for a while to regain composure, thus missing the next 2/3/4 winners!

I think ultimately, i will settle for the 'what looks good' approach, but it is only experience that can lead to the opinion in the first place. I am still making plenty of mistakes, (all due to ill discipline)...
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  • #9,760
  • Jan 28, 2016 4:23am Jan 28, 2016 4:23am
Quoting Divergence
When ym was humming 120 to 200 ticks a day. When it's slower 50 to 80 a day. Here's something to think about get 50 ticks a day with 3 contracts = 750 4 days a week = 3000. There's been no partial fills loving this

Sounds good D. That's the equivalent of staking 10 per pip (DOW) on CFD or SB on this side of the pond. IG will fill this size with no prob's whatsoever too.
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