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Thanks @Leefjl couple of questions if you don't mind:
1. What is it about Al Brooks video that you find so useful in particular?
2. Is the market replay part of the basic ninja trader package and is it available for all instruments? I take it that it's a feature for day traders though?
I have his three of Al's books on trend, ranges and reversal. It's a breakdown of his original book. For me it takes a long time to read because you go back and forth reading and looking at the examples.
I find it easier listening to him while he points to the charts.
As for Ninjatrader I believe you can get replay end of day (EOD) data for any instrument. Just get a demo account and use the EOD free connection.
I'll go back a few months so my practice is not influenced by the most recent action.
2. Yes. Market replay data is even available for people who downloaded the free version of NT. It includes all DOM info and time & sales info. Works really well at replaying the market as close to live as possible. Go to Tools -> Historical Data -> click on the tab at the bottom that says "Load"->Then select "Get Market Replay Data". To use it, disconnect from your live data source and connect to the one called "Playback Connection". Set the start and end date you want to use and give it a few seconds to load.
The only drawback is that you have to load each day one by one but it only takes a few seconds per day. I usually wait until Friday evening then download the previous week so I have something to play with on the weekend.
I used to program intra-day trading strategies a few years back... but am currently only interested in microstucuture research for low latency algo trading. So in terms of longer horizons, I am actually in the opposite space currently. Micro-scalping or even HF would be the best way to characterize the types of strategies that I am currently pursuing.
Ian
In the analytical world there is no such thing as art, there is only the science you know and the science you don't know. Characterizing the science you don't know as "art" is a fools game.
Stop trading ES on a tiny timeframe chart immediately. You'll lose all your money and you won't learn anything. Look at the micro contracts. You'll actually be able to set a realistic stop and target. Don't sim trade except to understand the platform you're using and trade execution. This is just my opinion but I believe anything other than that on sim is a waste of time. You'll learn exponentially faster about what real trading is all about trading real money. Most of trading is psychological and you will experience none of that on sim.
Yes, you'll make mistakes but the tick value is a lot smaller. Make sure it's money you don't care about and don't mind losing. Don't be afraid to market in on legit opportunities. A few ticks either way shouldn't matter. If it's a good trade you want to be in it. There may be few to no legit trades in any given day. This game isn't about sitting around clicking buttons and then rolling around in a pile of money. Learn to be patient and wait. If you find yourself with a good entry you have to learn to hold it so you can take advantage of a ripping move in your favor. Good profitable trading can be very simple. Trading pullbacks in a trend works, but that doesn't mean it's easy. Hope it helps.