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ive been asking questions. some of them in PM with sharing charts and getting opinions. ive really opened up my trading with some of these concepts combined with past knowledge. i dont/cant hold overnight so i have to be pretty accurate on my direction during the day. almost as important as my tgt areas for expected moves.
dont believe anything you hear and only half of what you see
I hope you do not go through my journey which bascially involved so much lossess and pain that i finally said F___ everyone and everything and trade differently from everything i had in my mind.
I finally realized that totally opposite results ONLY comes from totally different thinking/approach. I could have just crusised along, two steps forward and one step back ward, 20 ticks here, 30 ticks there, up and down. But that approached finally reached it's limits.
This is very common for home gamers. No one to report. That's why at professional firms you either prove or out in 6 months. But lot of us like myself had no chance in hell that any firm will hire. Lot of us are OLD NEWS- not just by age but other ways also. Everyday in " Introduce Yourself" section , one can see traders trading for 2 years, 5 years etc and still looking for answers. The entire quest seems to be " Low risk defined entry for quick results".
Luckily you are way ahead where i was at your trading career stage.
My change came when i noted " It was a pretty good week of trading. Didn't make much. But more importantly i lost so much money that i got into my senses".
My posts are not meant to give financial advice neither do they imply that my method is special. "THIS IS WHAT I COULD BE IF I HAD A TOTALLY CARE FREE STATE OF MIND DURING TRADING" Mark Douglas.
hi, that indi mark the orl, orh? are they from tradestation?
i try to find out what are they, one day look one thing an another day look other thing?
what are they ?
thanks for your help
La lucha es de igual a igual contra uno mismo
The fight is fair against oneself
On my charts from Think Or Swim 2 cyan lines show 45 minutes OR for CL. I use 8.30 am to 9.15 am eastern time OR. Fat Tails have these available for free for Ninja Trader.
My posts are not meant to give financial advice neither do they imply that my method is special. "THIS IS WHAT I COULD BE IF I HAD A TOTALLY CARE FREE STATE OF MIND DURING TRADING" Mark Douglas.
thanks, i am using the or in nT, and i am watching them and testing different things to see if it make sense to me, for example, 2,15,60, but i did not realized that yours was45min.
when you say for cl, does mean that each product use different OR?, in that case what do you use for nq?and tf?
the zero lag is from harry?
thanks
La lucha es de igual a igual contra uno mismo
The fight is fair against oneself
For TF, NQ, ES, i use 20 minutes OR, starting at 9.30 am NY open. Harry does not have anything for ThinkorSwim. He only writes for Ninja. I am sure he has one for ninja. It's a pretty simple code.
Key point about OR is that narrow time frame OR like 5 minutes can have lot of noise. Traders with quick hands use narrow OR. I use 20 minutes OR for things to settle down. It's a trade off. A trader using wide OR can miss lot of moves and has to wait patiently for a pullback. Once you get settled upon an OR- do not mix different OR.
My posts are not meant to give financial advice neither do they imply that my method is special. "THIS IS WHAT I COULD BE IF I HAD A TOTALLY CARE FREE STATE OF MIND DURING TRADING" Mark Douglas.
Why i keep shorting PL, PA etc. No longs. Any bounces have been shortable for weeks and months.
My posts are not meant to give financial advice neither do they imply that my method is special. "THIS IS WHAT I COULD BE IF I HAD A TOTALLY CARE FREE STATE OF MIND DURING TRADING" Mark Douglas.
4) TF around 1106 area. Plan to add to shorts if weamness continues during NY open. Have to wait for OR and internals to give clues for trade location.
They all have one thing in common except NG. They are in a bearish trend on any time frame.
My posts are not meant to give financial advice neither do they imply that my method is special. "THIS IS WHAT I COULD BE IF I HAD A TOTALLY CARE FREE STATE OF MIND DURING TRADING" Mark Douglas.