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


Private Banker View Post
Cool dog! With today being rotational, you do not want to be adding to your position at higher prices. Just my opinion of course. Market is having a hard time with VWAP and yesterday's value. Keeps getting rejected. Maybe it breaks through and eats more into yesterday's profile but could just as well have a spike lower at some point today. Profile just looks really rotational though, we have excess at both ends of the profile now. Play the extremes and stay on your toes!

OK, flat and waiting. But it was still a very good comfort stretching exercise for me. Thanks Ben.








Piper was a rescue we have had for 5 years. Very sweet, scared of nearly everything though. Countertrend trading just freaks her out.

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Can you help answer these questions
from other members on NexusFi?
STRATEGY on MC crossEMA
The Elite Circle
How to plot a custom icon for crossover
NinjaTrader
Forcing plots to disappear/reappear?
NinjaTrader
Pivot Indicator like the old SwingTemp by Big Mike
NinjaTrader
Help re translation of ninjascript to EL
NinjaTrader
 
  #812 (permalink)
 
GaryD's Avatar
 GaryD 
Orlando, Florida
 
Experience: None
Platform: shoes
Trading: happy
Posts: 6,462 since May 2011

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."

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


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.

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

Funny how I have to get flat to think clearly. I have to not have an motive. Recovering hopium addict.

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

cool, I shorted 92.95 and already out. Thanks PB!!




Less interested in holding as it gets closer to 2:30pm and the pressure is on the upside, but could be very wrong.

It coincided with the ES number I was looking for.





But other than that the only confirmation I had was volume and TPO. And maybe SD2.




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




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.

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


Private Banker View Post
Cool dog! With today being rotational, you do not want to be adding to your position at higher prices. Just my opinion of course. Market is having a hard time with VWAP and yesterday's value. Keeps getting rejected. Maybe it breaks through and eats more into yesterday's profile but could just as well have a spike lower at some point today. Profile just looks really rotational though, we have excess at both ends of the profile now. Play the extremes and stay on your toes!



"Play the extremes..."

Great call @Private Banker. And thanks so much for your comments. Really enjoy your YouTube channel.


TGIFF.

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  #818 (permalink)
 jngrim 
new york, ny/usa
 
Experience: Beginner
Platform: nt
Trading: futures
Posts: 128 since May 2012
Thanks Given: 32
Thanks Received: 50

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!


GaryD View Post



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.


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  #819 (permalink)
 
jamebo's Avatar
 jamebo 
Washington, DC
 
Experience: Intermediate
Platform: Ninjatrader, TOS
Broker: IB, AMP, CQG, TOS
Trading: NQ, ES
Posts: 14 since Jul 2012
Thanks Given: 216
Thanks Received: 6

jngrim, I've only been using Sierra for a month, so there may be a simpler, or better way to do it, but this is what I came up with:

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



jngrim View Post
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.

See which works best for you.

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Last Updated on August 5, 2013


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