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I posted this on the ES forum, but thought I would post here too in case anybody is following.....remember, I am new to order flow trading so if I post something that doesn't jive = by all means shout out.
“Full disclosure” - I know the best order flow traders ( including John from NoBS Trading ) say to “turn off your charts and just watch the DOM”, but Ninja’s DOM isn’t much help and I can’t drop another grand on something like Jigsaw or Trading Technologies, so this is it for me for a while. Before I began learning order flow this past month, I traded Elliot Waves and Harmonic Patterns / Fibonacci – so please forbear me a bit for using a chart!
So my strategy has been tweaked with order flow help as follows. I use 10 minute candlestick chart with MTPredictor (MTP) to show me only major swings (white traces), trading signals (TS) and to help me do isolated Elliot Wave counts ( in this case an A-B-C corrective wave has been identified). I also use a Stochastic RSI to “get me in the ball park “ of a possible overbought or oversold market.
So the tweak is this- when MTP prints a new high/low, AND the Stochastic is either o/b or o/s, AND I have either a MTP signal or a valid EW count, instead of entering, I switch to the 5 min volumetric chart and start watching volume flow, once order flow shows market absorption, exhaustion, and then acceleration to the opposite side as indicated by the order prints, I enter. I exit when the opposite happens with volume.
As you can see, there was sell side volume delta me for three bars including one order for 290 and another for 174 contracts – large red circles. But price couldn’t break through and make a newer low. Price didn’t confirm volume. Then on the last bar, the blue one, price moves one tick lower then I see a lot of Buy orders execute. I’m slow but I get in at 2714.75 five ticks into the move, and when the Blue candle closed I added one additional contract, and set my target for the minimum Elliot wave 3 target as indicated by MTP. My trigger was the volume change direction to buy delta with the printing of a bunch of 50+ buy orders at a technical level.
I flattened when price hit the 1.27 extension of the B-C leg aide by the printing of two negative delta volumetric bars – 74 ticks total. It was near noon, on a Friday, and I had to leave for an appointment.
As it turns out price moved the whole way to wave point three where it now sits at the 3.14 extension! Oh well, I guess if I had been sitting there I would have still closed the trade, and then jumped back when there was no volume follow through.
A couple of questions. 1st, is this a proper read and utilization for volume / order flow? 2nd, look at the 10 minute chart and you can see huge blocks of 500+ orders – the ones with the question marks. I see a huge buy order at the high, and a big sell orders at the lows. How do you order flow pros interpret this? Are the big boys running stops and then entering in the opposite direction, or are they trying to move the market more in the same direction and failed? Can this be used as a filter for a reversal? In other words – when reaching a technical level, and we see big blocks printing in the direction of the trend, should we get ready for the market to reverse?
Thanks for looking and any feedback appreciated, flaming, critique, suggestion all welcome.
When I load any of the new OF + Indicators my ES charts crash after a few minutes, especially when I move the time scale. When I pre-load the chart while not connected to Live Data it appears to be stable when I scroll. Any other reports of instability?
Can you please report this to our support forum or via email? Thanks. I have not heard of an issue like you described.
Disclosure: This communication is sent to you by NinjaTrader, LLC, a software development company which owns and supports all proprietary technology relating to and including the NinjaTrader trading platform.
The only thing I noticed was a freeze one time, but I get the occasional freeze before. One thing support told me was that tick replay enabled is very resource intensive. # of bard days loaded possible too. How many charts, how many other indicators?
Problem still persists.
I did a brand new clean install - only V12 and no other vendor indicators.
Log files this morning after freeze while trying to copy chart to a new window:
2018-03-03 06:57:14:794|1|16|FireAccountChanges....Account: 2 Action: Add Thread: 7
2018-03-03 06:57:19:021|1|16|ES 03-18Bars Request Begin 2018-03-01 16:00:00.000 End 2018-03-02 15:00:00.000 Begin TimeZone Local, End TimeZone Local
2018-03-03 06:57:21:026|1|16|ES 03-18 Get Bars From 3/1/2018 4:00:00 PM To 3/2/2018 2:59:59 PM Bar Total 1032709 None Process Bar 1032709
2018-03-03 06:57:21:063|1|16|ES 03-18 Get Bars From 3/1/2018 4:00:00 PM To 3/2/2018 2:59:59 PM Bar Total 1032709 None Process Bar 1032709
2018-03-03 06:57:21:092|1|16|ES 03-18 Get Bars From 3/1/2018 4:00:00 PM To 3/2/2018 2:59:59 PM Bar Total 1032709 None Process Bar 1032709
2018-03-03 06:57:23:004|1|16|ES 03-18 Caler VP and Set startPrice: 1803.75 Tick Mult 4 tickSize 0.25
2018-03-03 06:57:23:281|1|16|ES 03-18 Get Bars From 2/28/2018 4:00:00 PM To 3/2/2018 2:59:59 PM Bar Total 2333894 None Process Bar 1301185
2018-03-03 06:57:23:282|1|16|ES 03-18 Push VP to Grid 197 start price 2647.00 last price 2696.00 Start time: 2018-03-01 16:00:00.062 End time: 2018-03-02 14:59:59.000
2018-03-03 07:10:41:089|3|16|Failed to call OnRender() for chart object 'ChartBars': 'Attempted to read or write protected memory. This is often an indication that other memory is corrupt.
2018-03-03 07:10:41:089|3|4|A direct X error has occurred while rendering the chart: HRESULT: [0x88990016], Module: [SharpDX.Direct2D1], ApiCode: [D2DERR_PUSH_POP_UNBALANCED/PushPopUnbalanced], Message: The push and pop calls were unbalanced.
2018-03-03 07:10:41:089|3|16|Chart rendering failed. There is likely a problem with a chart object's OnRender method. D2D error = 'HRESULT: [0x88990016], Module: [SharpDX.Direct2D1], ApiCode: [D2DERR_PUSH_POP_UNBALANCED/PushPopUnbalanced], Message: The push and pop calls were unbalanced. '
2018-03-03 07:14:23:753|1|2|My NinjaTrader Continuum: Primary connection=Disconnecting, Price feed=Disconnecting
2018-03-03 07:14:24:249|1|2|My NinjaTrader Continuum: Primary connection=Disconnected, Price feed=Disconnected
2018-03-03 07:14:25:866|1|16|FireAccountChanges....Account: 0 Action: Undefined Thread: 5
2018-03-03 07:14:39:367|1|2|Playback Connection: Primary connection=Connecting, Price feed=Connecting
2018-03-03 07:14:39:380|1|2|Playback Connection: Primary connection=Connected, Price feed=Connected
2018-03-03 07:14:39:380|1|2|Time to auto close position='12:00:00 AM', Enabled=False
2018-03-03 07:14:39:380|1|2|Using HDS (hds-us-001.ninjatrader.com/31655)
2018-03-03 07:14:40:086|1|2|Simulation account 'Playback101' reset
2018-03-03 07:14:40:908|3|16|Found New AccountPlayback101 : Playback101
2018-03-03 07:14:40:908|1|16|Parse Account Playback101 : Playback101
2018-03-03 07:14:40:908|1|16|FireAccountChanges....Account: 1 Action: Add Thread: 67
2018-03-03 07:14:41:984|1|16|ES 03-18Bars Request Begin 2018-03-01 16:00:00.000 End 2018-03-02 15:00:00.000 Begin TimeZone Local, End TimeZone Local
2018-03-03 07:14:43:151|1|16|ES 03-18 Get Bars From 2/26/2018 4:00:00 PM To 2/28/2018 9:59:40 PM Bar Total 1531591 None Process Bar 1531591
2018-03-03 07:14:43:152|1|16|ES 03-18 Push VP to Grid 0 start price 0 last price 0 Start time: 0001-01-01 00:00:00.000 End time: 0001-01-01 00:00:00.000
2018-03-03 07:16:21:852|3|16|Failed to call OnRender() for chart object 'ChartBars': 'Attempted to read or write protected memory. This is often an indication that other memory is corrupt.'
2018-03-03 07:16:21:853|3|4|A direct X error has occurred while rendering the chart: HRESULT: [0x88990016], Module: [SharpDX.Direct2D1], ApiCode: [D2DERR_PUSH_POP_UNBALANCED/PushPopUnbalanced], Message: The push and pop calls were unbalanced.
2018-03-03 07:16:21:853|3|16|Chart rendering failed. There is likely a problem with a chart object's OnRender method. D2D error = 'HRESULT: [0x88990016], Module: [SharpDX.Direct2D1], ApiCode: [D2DERR_PUSH_POP_UNBALANCED/PushPopUnbalanced], Message: The push and pop calls were unbalanced. '
2018-03-03 07:17:21:107|3|16|Failed to call OnRender() for chart object 'ChartBars': 'Attempted to read or write protected memory. This is often an indication that other memory is corrupt.'
2018-03-03 07:17:21:108|3|4|A direct X error has occurred while rendering the chart: HRESULT: [0x88990016], Module: [SharpDX.Direct2D1], ApiCode: [D2DERR_PUSH_POP_UNBALANCED/PushPopUnbalanced], Message: The push and pop calls were unbalanced.
2018-03-03 07:17:21:108|3|16|Chart rendering failed. There is likely a problem with a chart object's OnRender method. D2D error = 'HRESULT: [0x88990016], Module: [SharpDX.Direct2D1], ApiCode: [D2DERR_PUSH_POP_UNBALANCED/PushPopUnbalanced], Message: The push and pop calls were unbalanced. '
2018-03-03 07:28:19:160|1|2|Playback Connection: Primary connection=Disconnecting, Price feed=Disconnecting
2018-03-03 07:28:19:162|1|2|Playback Connection: Primary connection=Disconnected, Price feed=Disconnected
2018-03-03 07:28:21:549|1|16|FireAccountChanges....Account: 0 Action: Undefined Thread: 9
2018-03-03 07:32:16:085|1|2|My NinjaTrader Continuum: Primary connection=Connecting, Price feed=Connecting
2018-03-03 07:32:23:514|1|2|My NinjaTrader Continuum: Primary connection=Connected, Price feed=Connected
2018-03-03 07:32:23:515|1|2|Time to auto close position='12:00:00 AM', Enabled=False
2018-03-03 07:32:23:515|1|2|Using HDS (hds-us-001.ninjatrader.com/31655)
2018-03-03 07:32:26:833|3|16|Found New AccountSim101 : Sim101
I believe that this is related to the new Volumetric tools in beta. Can you please send an email to our support attention to Brett and reference this post and we can provide further instructions.
Ray
Disclosure: This communication is sent to you by NinjaTrader, LLC, a software development company which owns and supports all proprietary technology relating to and including the NinjaTrader trading platform.
Disclosure: This communication is sent to you by NinjaTrader, LLC, a software development company which owns and supports all proprietary technology relating to and including the NinjaTrader trading platform.
