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Cool thanks very much. Im not interested in all the volatility band stuff, but im sure I can figure out how to edit the code to just leave the parts I need. Thanks again.
This thread is about session indicators and how to trade them.
I have coded quite a few indicators for NinjaTrader, which I would like to explain, and for which I do regular updates. So far I have posted in various threads to discuss their features …
I made a mistake in reading the price action today, that happens, the trick is to not get bent out of shape, close it out quick, and get back on the horse once a real set up occurs. I was short a little early, long into resistance but there was enough room to grab some ticks, then short on the dominate trend pull back. I exited a little early but I had my predefined exit already planned so I score 100% on that point. Only real mistake was the mis-read early but I caught it in time to avoid a full stop out and was able to get it back plus some. Then the real short which was just a counter trend trade against the long trend set up which is what I was waiting for since I got up to late to make the long trade from early in the morning pay.
Simplicity is the ultimate sophistication, Leonardo da Vinci
Most people chose unhappiness over uncertainty, Tim Ferris
Mentally tough day for me, managed to snatch victory from the jaws of defeat though. Was down early, managed to claw my way back to BE, got a BE then enough to make my daily average and done for the day. For some reason, really tired today and not totally focused.
On a side note, I just noticed my thread now has more views than my other more popular Zen thread. Interesting.
Simplicity is the ultimate sophistication, Leonardo da Vinci
Most people chose unhappiness over uncertainty, Tim Ferris
I like scaling in but the ranges have been so narrow I haven't really had an opportunity to do so properly. I like my scale in to be totally risk free, that means if the stop out happens AFTER I put the scale on, the first position needs to have enough profit to cover the stop on all of it. And that means I need (+/-) 25-35 ticks of profit before I start scaling in and lately, I've only really seen 25-30 ticks before the whole thing reverses.....maybe it will change soon....granted I don't trade all day and so perhaps I could have done this at some point in time after I was done but that doesn't bother me at all. I am clicking along maintaining a decent average at the moment, I have other things I am involved in currently and so its working for the moment.
Simplicity is the ultimate sophistication, Leonardo da Vinci
Most people chose unhappiness over uncertainty, Tim Ferris