DaxyMcDaxFace 

So your OR is from cash open? Makes sense. Looks like nice uptrend forming there. You really need to sort out the contract sizing - you will forever be kicking yourself for either taking it off too early or not early enough - i have been there. And I am not saying rush into live trading 3 lots+....test it out in demo & get used to where your Target 1/2/3 would be, and where there cld be resistance before the targets and this cld be a scalp target. I banked a cpl of times yest in ES as it bounced back off OR lows (i shld have in fact done it more times), which improved my basis to almost the low and thus happy to keep doing this - til it stops working. I am only just getting used to this myself (and found hiding my PnL was a help yest).

Yeah I'm certainly not content trying to swing a 1L about. As I said my margin is very small and can't add another contract after haemorrhaging my account scalping on a lower tf. Building it up slowly now and will add more funds in a couple of weeks.

I'll take your advice though on trading a sim ladder next to my live ladder for when I'll start to scale in and out on a 2/3L. Starting to see where those areas are.

Also working with a developer with an ATR based trail stop but it's not ready quite yet.

Will continue to post a few good and bad trades over the next few weeks.

Thanks for the warm welcome!


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DaxyMcDaxFace 

So your OR is from cash open? Makes sense. Looks like nice uptrend forming there.

Oh and yeah and a friend in prop told me 5 min candle at cash open was the best bet for an OR in Eurex. Has been solid so far.

No idea on A and C values though although I'm more focused on time... 2 1/2 mins hold above/below OR by maybe 2/3 ticks.


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Zefi 

Oh and yeah and a friend in prop told me 5 min candle at cash open was the best bet for an OR in Eurex. Has been solid so far. No idea on A and C values though although I'm more focused on time... 2 1/2 mins hold above/below OR by maybe 2/3 ticks. Sent from my iPhone using futures.io

whats the ADR? 2-3 ticks seems low, but then again ppl use 8 ticks on CL and that also seems low vs its ADR.....all very subjective anyway. I use 5mins time on ES, which is enough to build some value down there....less than that and imo price has rejected it...especially as my targets can be defined on a >5min timeframe - theyre pretty much hourly targets, as thats how long it takes for price to reach them.

Think it was fat tails on here who said he has large A & C values as he mainly trades mean reverting, in other words, it really needs to push decent amt before hes looking at a_ups or down trend moves. Anything too low though surely is possible noise.

DaxyMcDaxFace 

Morning all, ETH finding support off yesterdays RTH highs but cldnt break ATHs....shouldnt take too much volume in RTH to do this (imo), possibly on the open. Long bias for obv reasons, but wont get involved unless a decent pullback with good internals.....and wld look at 08-09 level, but ideally push towards yest vwap 2206 wld be nice. Long targets - well day & week R2 2220-2226 levels is a possibility. Anyway heres some levels: And pnf chart which makes this uptrend quite clear with HHs and LLs: Good trading to all.

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DaxyMcDaxFace 

whats the ADR? 2-3 ticks seems low, but then again ppl use 8 ticks on CL and that also seems low vs its ADR.....all very subjective anyway. I use 5mins time on ES, which is enough to build some value down there....less than that and imo price has rejected it...especially as my targets can be defined on a >5min timeframe - theyre pretty much hourly targets, as thats how long it takes for price to reach them. Think it was fat tails on here who said he has large A & C values as he mainly trades mean reverting, in other words, it really needs to push decent amt before hes looking at a_ups or down trend moves. Anything too low though surely is possible noise.

Inlet was using 5 min for OR cash open with A value at 2 handles. Still trying to read how to use the A and C handle.

pramadas 

Inlet was using 5 min for OR cash open with A value at 2 handles. Still trying to read how to use the A and C handle.

My take:

If A has formed then look for trend continuation - pull backs into IB/OR and confluence with other levels tend to hold well so are good places to fade/scale in, yest ES if you take it as a_down held well numerous times for at least a few scalps and plenty of time to get out, and rarely offside if picked decent entry.

When theres an A up or down, then price reverses to other side of the OR and finds value below/above the C levels - then this is C_down/up.......and is a strong signal that price will continue now in this direction. You can only have a C if you have first had an A. So a failed A (didnt find value which depends on time limits) doesnt count.

Thats afaik, dont want to complicate it too much imo, as its only for context.

....I get quite excited about the market opening (and I rarely trade it), dont know if thats a good thing, too emotional perhaps.

DaxyMcDaxFace 

....I get quite excited about the market opening (and I rarely trade it), dont know if thats a good thing, too emotional perhaps.

I get the same when US markets open, maybe its cos we are in the UK and we are waiting in anticipation all day lol!

This is my charts setup (on 3 x 24inch screens):

Left screen (ES 2mins) - use for entry:




Front screen (ES various) - use for context:



Right screen (Other) - additional context:


Left & Front = Sierra charts
Right = Prorealtime (free, does the job).

I rarely look at right screen, I stuck the ES various on main screen as I need to keep focus on HTFs. The DOM is in background (for entry only!).

These are quite good for scalp entries - pushes into prev V/U shaped PA, I missed the open @08 opportunity, and thought about taking the ETH one marked......




Also quite good for decent RR entries (stop below/above the prev swing) on swing trades, as sometimes get retail bus puke into it, and find you are ITM quite quick.