- Joined
- 4 December 2008
- Posts
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- 281
Yes, I was just about to post a pic of my 1min, it matches yours.
Thanks, every dog has his day.
Ah I see I'm same as L/W
Nice trade by the way.
Support at the low.
Nice trade Lone Wolf. I suggest you document the setup and add it to your playbook.
Lone wolf your post made me laugh. Nice trade. Looking back this was a nice tight set up.
I got the short @ 6410, initial stop was 6417.5 Thats about as big of a slam dunk as I'll get as far as I'm concerned.
I panicked after the high volume reversal so out @ 6392.
Tech when did you get short @ 26?
Admire you guys who can watch it come back 20 points against you. Don't think I've got the metal for it yet!
I've been looking at CL this evening and watching the RSI divergence build. I finally got a HL and took the break-out trade. Unfortunately it hasn't moved much and I'm about to be stopped out for a small loss (no, it's turned around again) but another pair of eyes on another market would spice the thread up a little.
Lone Wolf: Bearish sentiment, Double top at resistance that was late night US support.
Mark it up with heaps of detail so that it gets into your trading subconscious and after a lot of repetition you will automatically take them when you see them.
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It seems that there are enough people looking at the markets in the UK session to start a "Trading the UK session" thread.
It could start when the Dax opens and include charts setups and trades from any of the main futures markets. If someone wants to trade the Greek, Spanish, Italian indicies, go for it I say.
eg. I've been looking at CL this evening and watching the RSI divergence build. I finally got a HL and took the break-out trade. Unfortunately it hasn't moved much and I'm about to be stopped out for a small loss (no, it's turned around again) but another pair of eyes on another market would spice the thread up a little.
Stopped out to the exact tick!!
On the plus side picked up 2 ticks from my last position.
I've gotta stop revealing my stop!
Stopped out to the exact tick!!
On the plus side picked up 2 ticks from my last position.
I've gotta stop revealing my stop!
You can see why newbies in FX land think that their brokers stop hunt. It not the brokers its just a frustrating market.
If learning is what you really want to do. Here would be my steps to learning futs if I was to do it again.
Spend some time learning basic NT (5 -10 hours)
Spend some money getting data from IB for SPI, Kospi, STW, Nikkei, ES, YM, CL, GC, DAX, FTSE and a few FX crosses. ($150 per month)
Set up NT each day to record depth and every tick for playback. (daily connect setup 5 min per day)
When you have some spare time each week spend it on the sim PLAYING on everyone of the above markets. Doing anything, putting on size, scalping, hanging on for a few hours, being in the market ALL the time etc etc(5 hours per week)
Then after a few months when you have had a good look at all markets and see how they are when they get wild and when they are boring as bat Sh!+ pick a few where you have some interest.
Then pick a few patterns that you think repeat in those markets and print them out and put them in a folder in sections, breakouts, wild starts, ranging, fake breaks, low range days, large range trending days etc...... What you want to do now is every day add to the folder whenever you see the same pattern in your markets.
With those two or three Markets and your growing collection of repeating patterns on the weekend and 1 or 2 day through the week put aside a few 2 hour blocks. Now here is the bit that will save you years and worthless side trips down the discipline road. Turn on NTs playback function. Set it to 10x speed and hit with all you have. Trade it seriously with 2 lots and don't kid yourself. Keep stats (which NT is good at) and really work on them. Win rate, R:R hold time etc. You will do 20 hours of intense trading and training in two hours. After a few months you will literately have years of examples played out in your head.
The NT software can be loaded with IB data I gather.---never used it.
Nah just use the free version. Exactly the same as the paid. Only diff is once you want to use it to auto trade then buy it. You may find you have moved on to something else. But I think its a good start as far as being simple at first and depending on your ability to program and the complexity you get into it will/should be able to handle that.Is it worth buying the software or just the free version?---over the long run?
Kris wants to be able to add C# and C++ code to programmes and wonder if this is possible with NT.
Wealth Lab (This is what Vanstone uses) is another we are looking at along with AMI.---which we both have and I don't use.
AgreedIf its disc trading NT is absolutely the way to go and its free!!
No idea another you should look at is Multicharts I think from what I have hear from futs system traders is its better than NT.
Agreed
Multicharts Net version is definitely the go IMO .In my experience live trading Auto Strategies in NT is fatally flawed.
NT is alright if you want to test and code ideas but that's it
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