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What @Private Banker mentioned is part of what I am trying to learn. There are so many things I am wanting to learn, and already having experience makes it harder to do.
One thing I have noticed is that my entries often make incredible exits. I am so focused on reading high volume turns, but many times trading with the daily trend does not offer those pivots. On days like that I refer to it as swimming upstream, but that is just what I learned to do.
I had this course years ago, the Entrepreneurial Myth, and it said "you can be extremely good at doing the wrong things."
I do see a onetimeframe arguement on both sides... No, that is wrong. I did not have the profile split. What I saw was balance on both sides. Maybe that is what I should refer to as "rotational"?
ES 1544 was the falloff, and possibly they were frontrunning it.
NO, to be accurate, 1543.25, and 1542 whatever I guess is close enough, especially given the background. Fear is stronger than greed.
I had a sell order pending off and on today at ES 1544.
I wanted to buy the developing POC, and now wish I had, but that is scalping mentality. I think. But if I am not sure of a target greater than 12-15 ticks I am TRYING to pass.
Friday, going into K period, I would typically be thinking scalp long... Given that support seemed to hold and shortside risk is greater going into the weekend. But maybe I pushed my buttons enough today. I want to learn to do some things;
1) Choose a direction as early in the day as possible. And learn when that makes sense.
2) Get comfortable not trying to pick every little top and bottom, and let the trade do it's thing.
3) Not use leverage as much to make trades work, but allow good location to work. And by using less leverage I can give more room for a trade to go against me. Perfect entries are nice, but not as important as having confidence in a trade. CL is tough to pin down even within 30 ticks some days.
4) Shape my scalping experience into something different than it is today. Like riding alonside my runner. But I want to shift the thought from the "runner" being something that is painful for me to watch into something that IS my primary trade.
5) Get a better overall understanding of market behavior. Using @Private Banker's coment as an example, I had no idea today was "rotational". Maybe I am starting to get what that means, because I am reading about it, but reading these MP books is tough, I can only handle so much at a time before I feel I am just reading and not digesting.
Gary,
I too am fed up with NT and looking to change to Sierra. Can you share with me how you got the VWAP to show the colors envelope with the borders. I am still trying to get it to setup and for use.
Thanks alot!
Well, first I will say I am still a fan of Ninja Trader, just found that Sierra is running much easier on my setup. But keep in mind that until this year I was still running one computer on XP.
I wanted to really get into TPO study, and so had to either buy finalgo's or move to Sierra, and with the promting of several others on futures.io (formerly BMT) that Sierra was the way to go regardless, I decided to give it a real try. It is frustrating at first, and to me NT was much easier "right out of the box".
But I was also having computer lag issues, and when I found Sierra did what I wanted, used less than half the resources, and ultimately is cheaper, I pushed myself through several long days to test as many buttons and features as I could stand, and now am surprisingly comfortable on it. Found a couple more tweaks today that will make it better for me.
I guess what I am saying is, my letting go of Ninja Trader deserves a moment of silence...
Moving on, in the Settings area of a Study, on the Subgraphs page, there is an area for "Draw Style". Change the upper band to Trans. Fill Bottom, and the lower band to Trans. Fill Top. You will notice there are all kinds of options there, many I have yet to mess with.