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  • #2,561
  • Edited 11:22am Jan 30, 2017 10:54am | Edited 11:22am
Quoting dashfx1990
{quote} Nice entry, that's exactly what I'm hoping to aspire to regarding entrie's! Well done.
Dash, If you're able to, record your trades. Then at the end of the day watch and learn from what you did right or wrong. This will help you progress that much faster.
  • #2,562
  • Jan 30, 2017 10:56am Jan 30, 2017 10:56am
Attached Image (click to enlarge)
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  • #2,563
  • Jan 30, 2017 11:42am Jan 30, 2017 11:42am
Quoting rocky
ES 03-17 (2584 Volume) 1_30_2017.jpg;2163353 {image}
Hello Rocky,

This is slightly delayed due to me unable to post chart images & further to my previous message a couple of hours ago I have now got normal member status so have posted the attached images directly to the post therefore I apologise for double posting.

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)

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  • #2,564
  • Jan 30, 2017 12:14pm Jan 30, 2017 12:14pm
GC (Gold) Scalping around the position +29 ticks so far. Bulls aren't showing much strength but neither are the bears so far. Overall outlook still bearish due to PA in the zone as marked before.
Attached Image (click to enlarge)
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  • #2,565
  • Jan 30, 2017 5:13pm Jan 30, 2017 5:13pm
Quoting rocky
{quote} Dash, If you're able to, record your trades. Then at the end of the day watch and learn from what you did right or wrong. This will help you progress that much faster.
Thanks Rocky. Sierra have a replay function, I'll start doing this daily to hopefully see what errors I'm making.
  • #2,566
  • Jan 30, 2017 9:57pm Jan 30, 2017 9:57pm
Hi Rocky. Regarding Sam Seiden, did you do the XLT course with Trading Academy that Sam regularly refers to in a couple of his video's.
On another note, when you decide to close this thread again appreciate it if you can peruse my thread occasionally and critic any trades / postings? I appreciate your input. Thanks.
  • #2,567
  • Jan 31, 2017 2:46am Jan 31, 2017 2:46am
Regarding the attached for the E6 & B6 (I've decided to cont to look at the British pound as well as the EuroFX), at a quick glance would you say that these levels look to be of interest in regards to possible reversals? I used the 1597 & 233 tick charts to determine these, based on Sam Seidens comments regarding looking at the higher timeframe (in this case number of trades) to pinpoint the likely Supply Demand levels? Any input welcome.
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  • #2,568
  • Jan 31, 2017 3:02am Jan 31, 2017 3:02am
Quoting Harmonic1976
GC (Gold) Scalping around the position +29 ticks so far. Bulls aren't showing much strength but neither are the bears so far. Overall outlook still bearish due to PA in the zone as marked before. {image}
Hi Harmonic. Nice trade. A lot of info on the screen, I struggle when there are so many items to consider. What is your process you run through prior to taking the trade. Just curious.
  • #2,569
  • Edited 7:11am Jan 31, 2017 4:16am | Edited 7:11am
Quoting rocky
ES 03-17 (2584 Volume) 1_30_2017.jpg;2163353 {image}
Nice trading. Working my way back through your thread again, starting from scratch this time as opposed to jumping around. In regards to your current method for entries, can I assume you use market orders as opposed to pending (stop) orders?
  • #2,570
  • Jan 31, 2017 9:33am Jan 31, 2017 9:33am
Attached Image (click to enlarge)
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Attached Image (click to enlarge)
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I will try to answer questions this evening.
  • #2,571
  • Jan 31, 2017 10:58am Jan 31, 2017 10:58am
Quoting rocky
ES 03-17 (2584 Volume) 1_31_2017.jpg;2165231 ES 03-17 ( OFA 6_5 ) 1_31_2017.jpg;2165233 I will try to answer questions this evening. {image} {image}
I have a hard time capturing that type of footprint (using sierra charts). I've been trying to find a way to get the footprint setup so that it is useful (i.e. using ranges, or tick counts, etc) but so far I'm unable to find "imbalance" on the footprint itself.

Any suggestions?
  • #2,572
  • Jan 31, 2017 11:14am Jan 31, 2017 11:14am
Quoting Harmonic1976
{quote} I have a hard time capturing that type of footprint (using sierra charts). I've been trying to find a way to get the footprint setup so that it is useful (i.e. using ranges, or tick counts, etc) but so far I'm unable to find "imbalance" on the footprint itself. Any suggestions?
Post a snapshot of the ES if you can using sierra and I'll try to evaluate what you have. I'll be back later to answer questions. I have too many personal errands to run.
Post using the same time frame of my OFA chart.
  • #2,573
  • Jan 31, 2017 11:15am Jan 31, 2017 11:15am
Quoting dashfx1990
{quote} Hi Harmonic. Nice trade. A lot of info on the screen, I struggle when there are so many items to consider. What is your process you run through prior to taking the trade. Just curious.
I used to keep the screen simple but after countless hours trading micro lots and studying what I was doing wrong and learning from Mr. Pip (Damian), FT71, and Rocky.... I am now using a combination of all of it. Harmonics/Projections/Supply Demand/Market Profile/Volume Profile/ and trying to find imbalance.

Basically what you see in my charts posted with the horizontal lines are simply "High Value Nodes" where a lot of trade volume has taken place and "Low Value Nodes" where price flew through (rejected, moved quickly through/didn't find interest there).

So what I've been doing is drawing trendlines/fibs/pitchforks/supply demand zones and see where confluence is, those become my areas of interest. I'm not trying to predict either way, I want to develop potential outcomes around those areas of interest. Then I simply stalk the market looking for PA to give clues what will happen next. From what I've seen price is more likely to continue in the overall orderflow but it is best to keep an open mind.

When price enters those areas of interest... I'm trying to read the tape to see which way it is going to break because it's likely to move to the next "value" area up or down from there.

If I'm not going to be home to read the tape (orderflow) then I may place a limit order with a stop in place but it can't be as tight as when trading it in real time.

Not sure if any of this makes sense.

For instance, my view on Gold was very bearish based on the analysis but PA was telling me last night that it was bullish because price shouldn't have broken a channel that I drew, it did and when it re-tested I went long and took another 20 pts.

I think at the end of the day, money is made by being in tune with what price is doing and where it is likely to go next and if you happen to see price action shift to where it will cause others pain, you have fuel to your fire to help initiate the move in the direction of pain.

I still have a lot to learn and I constantly look towards Rocky, Mr. Pip, and FT71 to learn from these guys that I consider the real deal Pros who have found a way to make the markets their ATM.
  • #2,574
  • Jan 31, 2017 11:16am Jan 31, 2017 11:16am
Quoting rocky
{quote} Post a snapshot of the ES if you can using sierra and I'll try to evaluate what you have. I'll be back later to answer questions. I have too many personal errands to run. Post using the same time frame of my OFA chart.
Thank you Rocky! I'm at the "day job" right now but will try to get to it later tonight. Thanks so much!
  • #2,575
  • Jan 31, 2017 2:26pm Jan 31, 2017 2:26pm
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  • #2,576
  • Jan 31, 2017 5:53pm Jan 31, 2017 5:53pm
Quoting anatman0000
{quote} Hello Rocky, This is slightly delayed due to me unable to post chart images & further to my previous message a couple of hours ago I have now got normal member status so have posted the attached images directly to the post therefore I apologise for double posting. 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...

Attached Image (click to enlarge)
Click to Enlarge Name: YM 03-17 (987 Volume) 1_29_2017.jpg Size: 181 KB
  • #2,577
  • Jan 31, 2017 8:23pm Jan 31, 2017 8:23pm
Quoting Harmonic1976
{quote} I have a hard time capturing that type of footprint (using sierra charts). I've been trying to find a way to get the footprint setup so that it is useful (i.e. using ranges, or tick counts, etc) but so far I'm unable to find "imbalance" on the footprint itself. Any suggestions?
The only footprint I can come up with in SC that is "remotely" similar/useful is the attached. It's not quite the same, but it does provide diagonal values and therefore some useful info.
Attached Image (click to enlarge)
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  • #2,578
  • Jan 31, 2017 9:20pm Jan 31, 2017 9:20pm
Hope I did this right, wasn't sure how to organize the bars - so organized them by 5min but can do tick size, range, etc. Lately I haven't cared much about "time" as much as volume traded at price.

Let me know what you think/see here from the opening bell onward. The numbers are colored based on being 200, 300, and 400 x the bid/ask diagonal volume. The brighter the red/green the more that the bid/ask volume was different from each other.

Thank you for taking time to help out!!
Attached Image (click to enlarge)
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  • #2,579
  • Jan 31, 2017 10:16pm Jan 31, 2017 10:16pm
Quoting Harmonic1976
{quote} "High Value Nodes" where a lot of trade volume has taken place and "Low Value Nodes" where price flew through (rejected, moved quickly through/didn't find interest there)..
Thanks for your indepth response, very interesting. Regarding the HVN & LVN's, is there a way to auto display these on Sierra for a given period? I use the 'Volume Value Areas' lines to display the upper and lower levels and POC for a given period, but can't find any reference to HVN/LVN display without having to draw a VP on the chart. Thanks.
  • #2,580
  • Jan 31, 2017 10:35pm Jan 31, 2017 10:35pm
Rocky, did you find the "No BS Day Trading" course to be of any value?
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