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Updated June 2, 2015
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July 1st, 2014, 01:28 PM
Saratoga, NY USA
Experience: Intermediate
Platform: NinjaTrader
Trading: CL, GC
Posts: 377 since Aug 2010
Thanks Given: 141
Thanks Received: 809
avall38486
Mike, I am no expert or even understand all those numbers you look at. But keep it up. Best of luck.
Amin
Amin
Many thx.
Just trying to update folks on my progress, or in some cases lack there of...
Always open to discuss.
Thank you
Mike S.
July 7th, 2014, 08:36 PM
Saratoga, NY USA
Experience: Intermediate
Platform: NinjaTrader
Trading: CL, GC
Posts: 377 since Aug 2010
Thanks Given: 141
Thanks Received: 809
Greetings
1 for 3 today....
Under normal conditions, that would stink!!!
Today I was only down 1 Net tix....
The key for my 2 first losses was I was not in sync with the Volume Clusters on both 12/4 structure chart and the 8/4 chart.
Even though it was not a good day for me, I was still pleased with the fact of correcting bad habits.
Like the other day I took a trade as a 'break out' that totally stopped me out.
So the lessons for me here today is BE IN SYNC WITH THE VCA on both the 12/4 structure chart and the 8/4 OFA trade chart.
Do 't go nuts over too many Decision point lines. Too many will give you trading paralysis.
Mark the settlement and plot +/-10 points from there for targets...
Every day keep learning and being optimistic!!!
Mike S.
July 11th, 2014, 10:19 AM
Saratoga, NY USA
Experience: Intermediate
Platform: NinjaTrader
Trading: CL, GC
Posts: 377 since Aug 2010
Thanks Given: 141
Thanks Received: 809
Greetings
2 for 2 today for 7tix.
Original target was at settlement price of 1957.50.
But due to me learning the OFA way and TRUSTNG the flow, I took early scalp profits.
Hey still made a nice sum for day but can do BETTER!!!
Always look to improve.
Was in sync with VCA on both structure charts [ 6/4 and 12/4 ] which helps...
Enjoy your weekend and hit em hard next week!!!
Mike S
July 11th, 2014, 10:29 AM
Saratoga, NY USA
Experience: Intermediate
Platform: NinjaTrader
Trading: CL, GC
Posts: 377 since Aug 2010
Thanks Given: 141
Thanks Received: 809
Had to show this setup.
Figures I shutdown prior to this.
Wanted to show setup for learning!!!!!
This is exactly what I'm looking for.
Patience and wait for price to come back to you at your DP area, which was the Settlement price 1957.50
See how the VCA was aligned underneath you for small risk on this trade....
Note to self.....
Burn this image in your mind of what to try to take!!!
Thank you
Mike S.
July 15th, 2014, 11:06 AM
Saratoga, NY USA
Experience: Intermediate
Platform: NinjaTrader
Trading: CL, GC
Posts: 377 since Aug 2010
Thanks Given: 141
Thanks Received: 809
Greetings
2 and done today.
Followed the flow!!!
1st Trade around 9:38am... Buy above Globex hi. Buyers Initiating Trade [BIT] and went long @ 1975 for 4tix
2nd Trade around 9:57am.... Buy above yesterday's Point of Control ... Enter 1972.75 for 4tix
Mike S
July 16th, 2014, 11:00 AM
Saratoga, NY USA
Experience: Intermediate
Platform: NinjaTrader
Trading: CL, GC
Posts: 377 since Aug 2010
Thanks Given: 141
Thanks Received: 809
Greetings
2 Trade setups and in sync with Volume Cluster Analysis [VCA]
From what I'm finding, a 5tix risk seems like a nice risk level for me while still scalping for 4tix
I feel over time my Consistent Profitability [CP] will be north of 70%
1st Trade: price rising above Globex Hi. VCA shift above DP - Globex hi. Entry @ 1976.50
2nd Trade: price Pullback . VCA shift. Entered when Buyers taking control. Target = Globex Hi, Which hit to the tix. Entry @ 1973.50
Mike S.
July 17th, 2014, 02:11 PM
Denver, Colorado
Experience: Advanced
Platform: Ninja Trader
Trading: ES
Posts: 2 since Jul 2014
Thanks Given: 0
Thanks Received: 3
I
avall38486
I use PNF with OFA and works VERY well together. OFA vc's marry quite nicely with the pnf patterns Great combo
Willis
July 23rd, 2014, 02:54 PM
spokane, wa
Posts: 38 since Jan 2014
Thanks Given: 2
Thanks Received: 13
Hi Mike,
I just wanted to give you a big THANK YOU for sharing your journey with all of us. I think it is a very thoughtful and generous thing to do and I am going to check out Right Line Trading's free trial.
Kristi
July 24th, 2014, 10:45 AM
spokane, wa
Posts: 38 since Jan 2014
Thanks Given: 2
Thanks Received: 13
Mike are you following Mark's calls in the trading room? He is up over 30 ticks so far today.
Kristi
July 24th, 2014, 01:40 PM
ft erie onrio
Posts: 3 since Jul 2012
Thanks Given: 0
Thanks Received: 0
msull35706
Wanted to post GC trades from Thursday, 2/20/2014...
3 qualified trades, even though there were 2 nice ABC's longs but with RED 50MA couldn't take....
The 3rd trade, which was loser, was in
chop area. Patiently waited for Pwr entry into the 15MA.
Didn't matter. In these cases, could have limited loss give the lack of follow thru. Again will continue
to work on qualifying entries an/or limit 10tix loss when trade falls apart...
Mike S
when you entered the trade I don't believe you were in chop. Chop occurred at the close of the next candle
Do you concur?
Thanks
Last Updated on June 1, 2015