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  • #2,541
  • Jan 27, 2017 4:22am Jan 27, 2017 4:22am
Reading some of the last few posts some of you are using Sierra. Now I'm in no way saying do not use Jigsaw or OFA etc but Sierra is for me very good - it gives a very good volume profile and footprint for free, also TPO if need be. So if you are starting off you can save splashing the cash and cut your teeth looking at the free stuff.....

My last trade from yesterday....
Attached Image (click to enlarge)
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It's a dirty job but someone's gotta do it!
  • #2,542
  • Jan 27, 2017 4:52am Jan 27, 2017 4:52am
I'm just waiting for an upgrade via my Broker for Sierra to go to package 5 so I can setup a 'Numbers Bars' chart, and be able to draw 'Volume Profiles' over a range of bars, otherwise from what I can gather pretty much everything is available with Sierra that you can get with Jigsaw except the Heat Map (see attached - I normally have my DOM on another screen etc). Additionally I've decided not to proceed with OFA as I can setup what I need with Sierra regarding Order Flow.
Sierra also offer a data service relevant to Number Bars:
https://www.sierrachart.com/index.php?page=doc/SierraChartRealTimeFuturesStockDataFeed.php#Introduction
Attached Image (click to enlarge)
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  • #2,543
  • Jan 27, 2017 5:02am Jan 27, 2017 5:02am
Quoting LaBoca
{quote} Very important giveaway...... 't will hold. That's why learning to read Bids/Offers at area's of interest is very Important. Take advantage of all the Vids out there regarding this method'
I agree, this is something that I've never really focused on, but it's becoming obvious that this is essential learning. High on my list, along with median lines. I drew a pitchfork on the larger 1597 tick chart yesterday just out of curiosity, and low and behold two lower highs hit the upper level bang on before reversing. I was very intrigued, and spent all of this morning going over the 'Market Geometry' videos on YT (I live down under).
  • #2,544
  • Jan 27, 2017 5:09am Jan 27, 2017 5:09am
Quoting dashfx1990
I'm just waiting for an upgrade via my Broker for Sierra to go to package 5 so I can setup a 'Numbers Bars' chart, and be able to draw 'Volume Profiles' over a range of bars, otherwise from what I can gather pretty much everything is available with Sierra that you can get with Jigsaw except the Heat Map (see attached - I normally have my DOM on another screen etc). Additionally I've decided not to proceed with OFA as I can setup what I need with Sierra regarding Order Flow. Sierra also offer a data service relevant to Number Bars: https://www.sierrachart.com/index.php?page=doc/SierraChartRealTimeFuturesStockDataFeed.php#Introduction...
Market depht historical graph is the sierra " heatmap"
Sometime the horizon disappear. Twitter: @_whiteout
  • #2,545
  • Jan 27, 2017 5:34am Jan 27, 2017 5:34am
Quoting whiteout
{quote} Market depht historical graph is the sierra " heatmap"
Thanks whiteout, wasn't aware of this function. Just waiting for my upgrade so I can access this.
  • #2,546
  • Jan 27, 2017 9:11am Jan 27, 2017 9:11am
Price hit the .618 and supply zone and immediately fell back, it didn't hang there at all. I was tempted to leave a pending order there with a 15 pt stop but decided against it. Unfortunately it happened right after I left for the day job so I wasn't able to assess the situation with icebergs or bulk sell orders happening at that area.

There was a lot of confluence here so I should have just placed the order.

The .618 was in the perfect supply area.

The 1.27 extension of the pitchfork lined up in that area.

And there were a lot of previous "bounces" of price from that area (what people call support and resistance, I call it value).
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  • #2,547
  • Jan 27, 2017 10:01am Jan 27, 2017 10:01am
Quoting Harmonic1976
{image}
Have you tried drawing your pitchforks on bigger TF? Example: Trading a 233 tick chart.. look for a pitchfork on 1597 chart or 15 min / 4h. And then use parallel lines inside that pitchfork. From what I've noticed those pitchforks are a lot more reliable.
  • #2,548
  • Jan 27, 2017 10:21am Jan 27, 2017 10:21am
Attached Image (click to enlarge)
Click to Enlarge Name: ES 03-17 (4000 Volume) 1_27_2017.jpg Size: 211 KB
  • #2,549
  • Edited 2:54pm Jan 27, 2017 1:54pm | Edited 2:54pm
@X3M Paralell lines for forming channels within PF area? Not sure what the parallel lines part means.


@Rocky - I'm going backwards from this page until I meet up with where I stopped over the holidays (about 24 pages that I haven't read) and I'm seeing where you say "Retail Flush", I'm assuming it means a push up or down to stop out retail before continuing in the opposite direction? Do you wait until it happens to label it that or are you predicting it prior?
  • #2,550
  • Jan 27, 2017 2:08pm Jan 27, 2017 2:08pm
Quoting Harmonic1976
@X3M Paralell lines for forming channels within PF area? Not sure what the parallel lines part means.
Something like Rocky's mirrored trendlines. I just take the angle of the pitchfork and use it to draw parallel trendlines.
  • #2,551
  • Edited 9:01pm Jan 27, 2017 8:31pm | Edited 9:01pm
Quoting Harmonic1976
@X3M Paralell lines for forming channels within PF area? Not sure what the parallel lines part means. @Rocky - I'm going backwards from this page until I meet up with where I stopped over the holidays (about 24 pages that I haven't read) and I'm seeing where you say "Retail Flush", I'm assuming it means a push up or down to stop out retail before continuing in the opposite direction? Do you wait until it happens to label it that or are you predicting it prior?
It's not considered a retail flush until the strong buying momentum gets taken out by strong "Short" trade Imbalances on the OFA chart.

Here's an example:

Attached Image (click to enlarge)
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  • #2,552
  • Jan 27, 2017 8:31pm Jan 27, 2017 8:31pm
Quoting x3m-PippiN
{quote} Something like Rocky's mirrored trendlines. I just take the angle of the pitchfork and use it to draw parallel trendlines.
  • #2,553
  • Jan 27, 2017 9:30pm Jan 27, 2017 9:30pm
Quoting rocky
{quote} It's not considered a retail flush until the strong buying momentum gets taken out by strong "Short" trade Imbalances on the OFA chart. Here's an example: YM 12-16 ( OFA 14_3 ) 11_21_2016.jpg;2160528 {image}
Got it, thank you!
  • #2,554
  • Edited Jan 29, 2017 9:09pm Jan 28, 2017 9:24pm | Edited Jan 29, 2017 9:09pm
Might start trying to trade Gold micro contracts. Here is my analysis on a 240min (4H) chart.

Edit: I had to redraw my fibs (photo hasn't been updated). When I zoomed out a little more there was a slightly lower low but it doesn't drastically change the picture much, the fibs fall within the area.

Also I ran a fib from the top to the lowest most recent swing and the supply zone falls right in line with the 50% retracement of that swing.
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  • #2,555
  • Jan 29, 2017 3:48pm Jan 29, 2017 3:48pm
I've decided to start my own trading journal thread, and post all trades taken. Inspiration is from this thread from Rocky. Hopefully it will be educational, and help me with a few areas that need attention! Feel free to poke your head in for a look. Thanks all.
  • #2,556
  • Jan 30, 2017 7:22am Jan 30, 2017 7:22am
Part of my new setup with Sierra regarding volume etc. I'm familiarizing myself with this, hence the reason I didn't take this sell off on the E6 @1.07050. Refer to the rectangle highlighted area on the right of the Number Bar chart. Bummer, would have been a great trade!
Attached Image(s) (click to enlarge)
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  • #2,557
  • Jan 30, 2017 8:45am Jan 30, 2017 8:45am
Quoting dashfx1990
Part of my new setup with Sierra regarding volume etc. I'm familiarizing myself with this, hence the reason I didn't take this sell off on the E6 @1.07050. Refer to the rectangle highlighted area on the right of the Number Bar chart. Bummer, would have been a great trade! {image} {image}

Dash, nice setup, looks like it would have been a good trade. You along with Harmonic 1976 had very well planned out structure. Congrats on your new thread.
  • #2,558
  • Jan 30, 2017 8:45am Jan 30, 2017 8:45am
Attached Image (click to enlarge)
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  • #2,559
  • Jan 30, 2017 9:10am Jan 30, 2017 9:10am
Quoting rocky
ES 03-17 (987 Volume) 1_30_2017.jpg;2163002 {image}
Hello Rocky,

This is slightly delayed due to me unable to post chart images till my membership is upgraded. Hoping this goes through this time.

Thank you for the image you attached of Friday's ES trade, as usual mega useful. Something for me to look for on my Jigsaw; the large resting liquidity on both sides which gets defended.

I actually traded YM long (demo) based on structure (confluence of fibs, pitchfork/TL, stop hunt zone) and then orderflow (my OFA/Jigsaw) as attached. I was mainly watching orderflow using OFA/jigsaw dom/summary on the ES but have attached the YM OFA as that is what I ultimately used to enter and set my target.

Unfortunately I did not get a fill on my limit bid to exit by a tick and was out at BE. That is fine though as I am just watching you and learning, learning, learning.

I appreciate the market may have just been doing as the market wanted, however if you feel I made any errors any feedback is always welcome.

Thanks Rocky (two images below with explanations on the chart)

i.imgur.com/bxQXhLh.jpg

i.imgur.com/WZ8MdeN.jpg
  • #2,560
  • Jan 30, 2017 9:45am Jan 30, 2017 9:45am
Quoting rocky
ES 03-17 (987 Volume) 1_30_2017.jpg;2163002 {image}
Nice entry, that's exactly what I'm hoping to aspire to regarding entrie's! Well done.
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