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  #431 (permalink)
 
GaryD's Avatar
 GaryD 
Orlando, Florida
 
Experience: None
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Trading: happy
Posts: 6,462 since May 2011

add


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  #432 (permalink)
 greenr 
london/england
 
Experience: Advanced
Platform: Sierra charts, NinjaTrader, VK Trader
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GaryD View Post
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Your trying to fade a out of balance market and your working with no important ref points

dangerous.........

" I will follow my rules, I will take my stops, I will be disciplined and i will work with the market....NOT AGAINST IT! Professional mind control is the key"
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  #433 (permalink)
 
GaryD's Avatar
 GaryD 
Orlando, Florida
 
Experience: None
Platform: shoes
Trading: happy
Posts: 6,462 since May 2011


down day, may quit...

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  #434 (permalink)
 greenr 
london/england
 
Experience: Advanced
Platform: Sierra charts, NinjaTrader, VK Trader
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GaryD View Post
down day, may quit...

Just accept whats happened

Either shut down and get on with some thing

or

Trade SIM

Just dont if your going to be tempted to try make what you have lost

I doubt there will be any thing amazing going on for the rest of the day any ways


We will most likley just try and balance now possibly


Losses are a essential part of doing business with the markets....its our job to control the size of them!

" I will follow my rules, I will take my stops, I will be disciplined and i will work with the market....NOT AGAINST IT! Professional mind control is the key"
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  #435 (permalink)
 
GaryD's Avatar
 GaryD 
Orlando, Florida
 
Experience: None
Platform: shoes
Trading: happy
Posts: 6,462 since May 2011

Price came all the way back up to the prior bracket high


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  #436 (permalink)
 greenr 
london/england
 
Experience: Advanced
Platform: Sierra charts, NinjaTrader, VK Trader
Broker: CQG, AMP, VK, Kinetick
Trading: CL/6E/TF/ES
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GaryD View Post
Price came all the way back up to the prior bracket high


I got kenetic so i could just run the CL ##-## contracts now LIVE

Fed up of my CQG broker feed........its shite

I have all my charts set to CL ##-## and i will execute off the front month that we area trading

Here is todays correct data...the correct view worked amazing



Having the correct view is key here

" I will follow my rules, I will take my stops, I will be disciplined and i will work with the market....NOT AGAINST IT! Professional mind control is the key"
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  #437 (permalink)
 
GaryD's Avatar
 GaryD 
Orlando, Florida
 
Experience: None
Platform: shoes
Trading: happy
Posts: 6,462 since May 2011


greenr View Post
I got kenetic so i could just run the CL ##-## contracts now LIVE

Fed up of my CQG broker feed........its shite

I have all my charts set to CL ##-## and i will execute off the front month that we area trading

Here is todays correct data...the correct view worked amazing

Attachment 106140

Having the correct view is key here

I guess volume has rolled to May.

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  #438 (permalink)
 
josh's Avatar
 josh 
Georgia, US
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greenr View Post
Here is todays correct data...the correct view worked amazing

Having the correct view is key here

What you are missing are two important things:

1) There is a setting in NT for Kinetick, if I recall (there was for IQFeed anyway), that gives you the option to back-adjust. What you are showing here is April merged with May, with no back-adjustment. If this is what you want, fine. But it is probably not the continuous contract you want. Look at the option and reload your data if you want to back-adjust.

2) There is no "correct" way to splice multiple futures contracts together. You are using a synthesized contract that does not exist, so it is really the most incorrect! Here is April Crude:



May Crude:



Whichever way you look at it, crude today has not traded near Friday's high, but it did trade to the POC area. Only if you take May and just plop it at the end of April do you get the false illusion that today has traded to Friday's high. Again, there is no right or wrong way to compose a futures contract when you incorporate multiple months.

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  #439 (permalink)
 greenr 
london/england
 
Experience: Advanced
Platform: Sierra charts, NinjaTrader, VK Trader
Broker: CQG, AMP, VK, Kinetick
Trading: CL/6E/TF/ES
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josh View Post
What you are missing are two important things:

1) There is a setting in NT for Kinetick, if I recall (there was for IQFeed anyway), that gives you the option to back-adjust. What you are showing here is April merged with May, with no back-adjustment. If this is what you want, fine. But it is probably not the continuous contract you want. Look at the option and reload your data if you want to back-adjust.

2) There is no "correct" way to splice multiple futures contracts together. You are using a synthesized contract that does not exist, so it is really the most incorrect! Here is April Crude:



May Crude:



Whichever way you look at it, crude today has not traded near Friday's high, but it did trade to the POC area. Only if you take May and just plop it at the end of April do you get the false illusion that today has traded to Friday's high. Again, there is no right or wrong way to compose a futures contract when you incorporate multiple months.

Its set to back-adjust through my whole platform

I believe the data i have at the moment is the correct view i need

Fridays range was set on the CL 04-13 contract as this was the contract with the most volume on Friday i believe

CL 05-13 took over in volume today

I always am skeptical about the right data on roll over and will need to confirm with s few people later after the close as i donít want to disturb them now

But as of this time i believe the data i posted to be correct

As you said there is not right or wrong way as such

But I am tracking the Continuous contract data and levels

" I will follow my rules, I will take my stops, I will be disciplined and i will work with the market....NOT AGAINST IT! Professional mind control is the key"
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  #440 (permalink)
 
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 josh 
Georgia, US
Legendary Market Wizard
 
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Broker: Denali+Rithmic
Trading: ES, NQ, YM
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greenr View Post
But as of this time i believe the data i posted to be correct

As you said there is not right or wrong way as such

But I am tracking the Continuous contract data and levels

You are showing continuous, yes. Continuous back-adjusted, no. No right or wrong, but most people view a back-adjusted contract, because you could get the impression that today we traded to Friday's high, which a glance at April and May shows to be incorrect.

Put another way, someone who sold May at the open on Friday has not had his position come back to breakeven, whereas the view you are showing gives the opposite impression. Volume has rolled to May, but your current view relative to actual May levels is inaccurate.

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Last Updated on August 5, 2013


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