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The chart layouts are intended for ease of readability. For example, I find a black background to be easiest to look at.
They are as simple as possible while giving me the information I want to have. The cum. delta adxvma is used twice - both as a line in the cum. delta pane and as blocks in a separate pane above - this for extra clarity. Gomi's Delta Volume is laid over Volume UpDown to clearly display bar delta divergences.
The Gomi OrderFlowPro ladder to the right is an extra chart I am trying out.
I mark the charts up as the day progresses both to keep track of what's happening and for logging purposes.
I use the indicators conservatively to scalp with a 5 tick target/stop, entry at close of bar. The potential is greater but this is a money management matter too.
These current charts and my trading approach developed over time. Began with market profile, then cum. delta, then volume ladder delta.
Here are two discussions I have found helpful.
Volume Ladder for NT (Gomi):
I am no expert in CDV, but as I learn more about it I wanted to start a thread to discuss trade ideas. If you see me making mistakes in my analysis, by all means let me know.
Hello Everyone.
I am an apprentice trader looking to learn from you all. I'm delighted to join this community of active traders and I am looking forward to read you all.
I have worked as an analyst for an option analysis firm in Chicago and also traded futures (ES, NQ, CL). I made some money but started losing because I over traded and used some outdated indicators. I then stopped trading because I am conscious of the fact that I need to educate myself more to become consistently profitable.
I can literally compare my experience in trading to someone speeding on a high altitude road in a foggy weather. Without proper knowledge of the road and adequate safety measures, an accident is inevitable.
I currently work in business intelligence but looking to venture into data science and artificial intelligence.
As I mentioned earlier, I am looking forward to learn from all of you and really applaud you all for your hard work and your passion of the financial markets.
Thank you BIG mike for this wonderful forum.
Thank you All
Trader from wisconsin--retired trade futures looking to find an excellent trade room and some reliable chart indicators--Getting better at trading but I want to excel!
Thanks Mike
My Name Is Jose
I appreciate being allowed as a new member in this community
I've been on simulation mode trading in my majority YM emini for about 3 years
So I will try to participate as much as possible and learn from all of you
Again
Thank you
will be talking soon
Jose Villarreal
Thanks for this. I've been lurking the forum for the past few months soaking in as much info as I could. Thinking about joining the Elite membership to soak in more info
I've listened to Trading in the Zone on Audiobook and it was a great use of an Audible credit. I have not read Mastering the Trade or Jack Schwager's guide to futures markets so thanks for the advice.
Hello, I am new here and this is my first post. I thought I'd give this site a try as a place to generate ideas and get feedback on what I'm doing from those who are more experienced.
I have been trading forex and futures off and on for 10 years. I've been kinda lazy and don't feel that I've put the time into educating myself that I should have by now. So, I'm trying to change that and step up my trade game.
This year I have been trading only futures and using a fundamental/technical hybrid kind of approach. I have been focusing a lot on central bank and government behavior as catalysts to market moves and watching the correlations between equities, commodities, and currencies. I also believe we are in a major equities bubble and that the fed has set us up for a dramatic crash that may occur within a couple years. This has weighed heavily on my mind and has certainly influenced my trading. It has been a struggle and I've been losing money all year. I think I'm coming to the conclusion that I have introduced too many variables into my decision making and it has become impossible to know if what I'm doing has any statistical significance relative to price movement or not.
With that said, I am now attempting to create some automated strategies using SierraChart. I'm going to stop reading news and watching the charts in real time and only focus on backtesting my ideas. I'm learning the SierraChart spreadsheet system now and will move on to their C++ based ACSIL when I feel ready.
From listening to some interviews with various quants it seems like most of them focus on reversion to mean and trending strategies. My current idea is to create an automated strat that can flip between rtm rules and trending rules as certain conditions are triggered. I'm not sure the best way to do this right now using the SC spreadsheet system, so if anyone smart has any suggestions on this please let me know. I'm thinking I may need 2 strategies running simultaneously, but that they should turn on and off as appropriate. Maybe manually turning on one or the other as market conditions change is the answer.