{quote} ..... User Divergence's scalping method is pretty easy and fun. If you don't have winning strategy yet you should try this.
Simplicity is the ultimate sophistication - Leonardo da Vinci
- #2,261
- Sep 6, 2019 6:30am Sep 6, 2019 6:30am
- Joined Apr 2011 | Status: Hoc Etiam Transibit.... | 6,089 Posts
- #2,262
- Sep 9, 2019 9:42pm Sep 9, 2019 9:42pm
- Joined Apr 2011 | Status: Hoc Etiam Transibit.... | 6,089 Posts
Simplicity is the ultimate sophistication - Leonardo da Vinci
- #2,263
- Sep 10, 2019 2:37am Sep 10, 2019 2:37am
- Joined Apr 2011 | Status: Hoc Etiam Transibit.... | 6,089 Posts
I found a bug in Journalytix which doesn't log and apply commission to MNQ (micro Nasdaq futures). I reported this bug to Jigsaw and they are finding a solution.....As long as they fix it, I will buy it.
Inserted Video
Simplicity is the ultimate sophistication - Leonardo da Vinci
- #2,264
- Sep 10, 2019 9:31pm Sep 10, 2019 9:31pm
- Joined Apr 2011 | Status: Hoc Etiam Transibit.... | 6,089 Posts
MotiveWave 6 Beta 3F released. I found tons of bugs and reported them to MW..... I am doing some kinda beta tester now..... Not sure if they are testing their product properly.... It's a shame...
Simplicity is the ultimate sophistication - Leonardo da Vinci
- #2,265
- Edited 1:46am Sep 11, 2019 1:21am | Edited 1:46am
- Joined Apr 2011 | Status: Hoc Etiam Transibit.... | 6,089 Posts
Simplicity is the ultimate sophistication - Leonardo da Vinci
- #2,266
- Sep 11, 2019 3:18am Sep 11, 2019 3:18am
- Joined Apr 2011 | Status: Hoc Etiam Transibit.... | 6,089 Posts
Strat's PASR Long Term, Stress Free Trading
I think this is one of the typical threads teaching moving average in a wrong way. That looks perfect ONLY IN HIND SIGHT. Conventional moving average is very lagging, and that's the perfect way to blow your account. If it's that easy, anyone can become a millionaire. No wonder no one in that thread has ever posted live TE.
I think this is one of the typical threads teaching moving average in a wrong way. That looks perfect ONLY IN HIND SIGHT. Conventional moving average is very lagging, and that's the perfect way to blow your account. If it's that easy, anyone can become a millionaire. No wonder no one in that thread has ever posted live TE.
Simplicity is the ultimate sophistication - Leonardo da Vinci
- #2,267
- Sep 12, 2019 9:34am Sep 12, 2019 9:34am
- Joined Apr 2011 | Status: Hoc Etiam Transibit.... | 6,089 Posts
/NQ (Nasdaq 100 futures) data feed comparison: CFD (IC Markets) vs. Futures (CQG & TD Ameritrade)
1M chart
You don't want to trade CFD. It's a fake product.
1M chart
You don't want to trade CFD. It's a fake product.
Simplicity is the ultimate sophistication - Leonardo da Vinci
- #2,268
- Sep 13, 2019 10:47am Sep 13, 2019 10:47am
- Joined Apr 2011 | Status: Hoc Etiam Transibit.... | 6,089 Posts
Really need to upgrade my PC......... 
Simplicity is the ultimate sophistication - Leonardo da Vinci
- #2,269
- Sep 22, 2019 6:07am Sep 22, 2019 6:07am
- Joined Apr 2011 | Status: Hoc Etiam Transibit.... | 6,089 Posts
Simplicity is the ultimate sophistication - Leonardo da Vinci
- #2,270
- Sep 23, 2019 1:07pm Sep 23, 2019 1:07pm
- Joined Apr 2011 | Status: Hoc Etiam Transibit.... | 6,089 Posts
{quote} Revisiting orderflow concept...... I think it can give me an extra edge......
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There are basically two ways to approach this. The footprint or the DOM. For the footprint, it's going to organize the data for you. For a new trader, that's going to be easier to learn. The DOM is more fluid and the numbers are not organized as in a footprint.
Either way, your decisions and edge will come from understanding what actually is happening with the numbers you see. In a very general sense, you're trying to see on a very short term basis if buyers or sellers are in control. You're not using these tools to find a trade you get in early and get out on the close. These trades will last minutes. But you need to understand the context. If you're using a footprint, look left. Look at your deltas. There's clearly much more to it but start with that.
For the DOM, Jigsaw is a good solution. Footprint, you really can use any of the options available. They're all going to give you basically the same information. Google footprint and look at images and see what your eyes are drawn to. It comes down to preference. Once you get the tools, you don't really need support unless it's not working for some reason. You might need training but support you shouldn't need once up and running.
Also, some gave you advice to go with John Grady. Keep in mind he primarily trades bonds. That may not suit your personality. I'd start with all the free stuff first before buying his course. There's a lot of good free information here. Watch YouTube videos. A lot may be BS on YouTube but you may pick up a nugget or two here or there. With John Grady's stuff, you have to understand what he's primarily trading. Trading bonds is like watching paint dry. Is that your personality? Or do you prefer a much faster market. ES is a good middle ground. NQ is much faster. You have to determine what works for you.
I would NOT buy anything from Axia. They give you access for 3 months. You're sending them $1,500 and don't even get access lifetime. They have a bunch of YouTube videos. That's as far as I'd go with that firm. Most other course you purchase are lifetime.
Lastly, keep in mind that traders making real money don't have time to sell you anything. They're too busy making money. The amount they receive from sales should be minuscule if they're actually profitable. The ones actually selling stuff probably tried their hand at trading. Didn't work and figured that there's an entire marketplace they can make money by "teaching". Ask yourself. If you're making $300,000/year trading or more, are you going to bother spending time to teach someone? Most likely not. Plus your methodology will lose edge as more people find out about it. Even if you wanted to "give back" or "help people" as some of these guys claim, you most likely wouldn't have the time. You'd be way too busy with your trading and making enough that it wouldn't be something you would venture into. So the guys selling these courses I'd be weary about. If you have specific questions on order flow, I'd start by posting them here. You're going to get a lot of good response.
You basically have to put in the time and effort. Screen time. Every night. Every weekend. Bar by bar. On replay and after a while you'll start to pick things up that resonate with you. The most successful traders all came up with their unique way of trading. They took bits and pieces of what they learned along the way and came up with their own way of trading.
Watch the footprint or DOM for a while. After enough screen time, you'll naturally start to pick certain things up. Come up with a setup that you see. Start with one thing. One setup. Make sure it resonates with your personality and become the master of that setup. Know it inside out. Later you can add more as you get good. Keep a journal and track the data so you have solid stats on your setup. How far does your setup move against you on average? Put your stops outside that. How far does it move in your favor on average. Use those stats for targets. What market conditions does your setup work in? What time of day does your setup work best?
Do all that on SIM/DEMO. Once you see consistency, start small with real money. And most importantly, treat it like a business. Far too many people treat this like a hobby. It's like any other professional job. Only the barriers to entry are non-existing for trading. Anyone can open an account and all of a sudden they're a "trader". Can you do that with anything else? If you bought and read a book on brain surgery over the weekend, what's the chances you'd be successful if you attempted that surgery Monday morning?
If you don't remember anything else, remember this. You have to learn how to lose money in trading before you can ever make money.
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Simplicity is the ultimate sophistication - Leonardo da Vinci
- #2,271
- Sep 24, 2019 3:10am Sep 24, 2019 3:10am
- Joined Apr 2011 | Status: Hoc Etiam Transibit.... | 6,089 Posts
Simplicity is the ultimate sophistication - Leonardo da Vinci
- #2,272
- Edited Sep 30, 2019 12:56am Sep 29, 2019 11:30pm | Edited Sep 30, 2019 12:56am
- Joined Apr 2011 | Status: Hoc Etiam Transibit.... | 6,089 Posts
{quote} World Currency Unit (WCU) http://www.ln.edu.hk/cpps/wcu/index.htm The World Currency Unit (WCU)，or alternatively and perhaps more accurately, the “Global Purchasing Power Unit”(GPU), is an indexed unit of account that stands for a unit of real global purchasing power. Proposed by Lok Sang Ho, of Lingnan University, Hong Kong, it was first intended to be the basis for denominating global bonds, a debt instrument that is issued globally and subscribable by people and...
WCU is GDP weighted currency index while S&P500 Index is capitalization weighted stock index. They are both index and should work similar way in my old WCU strategy, except currency has rather range bound tendency while stock index has trendy tendency. In shorter term, their behavior is basically the same anyway. In addition, there's no magic in TradingView charting. I don't find any difference between TV and MT4 charting except WCU is currently not available in MT4. Both show overbought/oversold points within the chart area currently displayed. For example, in the S&P500 chart shown below, it shows historical overbought and oversold points within the time span displayed. This information may or may not be useful to you and your strategy. It worked to my WCU strategy anyway and I am testing this with my /ES scalping strategy now.
That being said, for example, trading AUD/USD based on AUD/WCU can be seen something like trading Twitter/Apple based on Twitter/Nasdaq Index.......
Dollar Index (DXY) contains several other currencies and among them, USD occupies about 50%. EURUSD is virtually same as DXY. You don't trade DXY (low liquidity), instead you trade EURUSD. This is similar to WCU. WCU is virtually same as WCUUSD. Also see how /NQ and Apple (the biggest in Nasdaq index) are correlated each other. WCU or WCUUSD or WCUEUR is not tradable, while NQ is tradable with high liquidity.
Simplicity is the ultimate sophistication - Leonardo da Vinci
- #2,273
- Sep 30, 2019 9:03am Sep 30, 2019 9:03am
- Joined Apr 2011 | Status: Hoc Etiam Transibit.... | 6,089 Posts
Simplicity is the ultimate sophistication - Leonardo da Vinci
- #2,274
- Sep 30, 2019 12:49pm Sep 30, 2019 12:49pm
- Joined Apr 2011 | Status: Hoc Etiam Transibit.... | 6,089 Posts
Good-bye CQG, and Hello Rithmic.....
I replaced CQG with Rithmic. Full market depth is impressive.
I replaced CQG with Rithmic. Full market depth is impressive.
Simplicity is the ultimate sophistication - Leonardo da Vinci
- #2,275
- Oct 1, 2019 9:14am Oct 1, 2019 9:14am
- Joined Apr 2011 | Status: Hoc Etiam Transibit.... | 6,089 Posts
{quote} Similarities between WCU (World Currency Unit) and S&P500 Index WCU is GDP weighted currency index while S&P500 Index is capitalization weighted stock index. They are both index and should work similar way in my old WCU strategy, except currency has rather range bound tendency while stock index has trendy tendency. In shorter term, their behavior is basically the same anyway. In addition, there's no magic in TradingView charting. I don't find any difference between TV and MT4 charting except WCU is currently not available in MT4. Both show...
Btw, no liquidity due to news release. No buyers and sellers.....
Simplicity is the ultimate sophistication - Leonardo da Vinci
- #2,276
- Oct 1, 2019 1:10pm Oct 1, 2019 1:10pm
- Joined Sep 2017 | Status: Still a total mystery | 3,569 Posts
Impressed by your return-dd-timeframe stat 
Hope you continue to do the good work or at least pull-out in time, to preserve something In case you are trading it for real, in some parallel (larger) account
Hope you continue to do the good work or at least pull-out in time, to preserve something In case you are trading it for real, in some parallel (larger) account Can you afford to take that chance?
- #2,277
- Edited Oct 3, 2019 12:03am Oct 2, 2019 9:20am | Edited Oct 3, 2019 12:03am
- Joined Apr 2011 | Status: Hoc Etiam Transibit.... | 6,089 Posts
Market by Order (MBO)
https://www.cmegroup.com/education/m...order-mbo.html
Iceberg Order
https://www.investopedia.com/terms/i/icebergorder.asp
https://bookmap.com/wiki/Iceberg_Orders_Tracker
https://www.cmegroup.com/education/m...order-mbo.html
Iceberg Order
https://www.investopedia.com/terms/i/icebergorder.asp
https://bookmap.com/wiki/Iceberg_Orders_Tracker
Simplicity is the ultimate sophistication - Leonardo da Vinci
- #2,278
- Edited 10:41am Oct 2, 2019 9:28am | Edited 10:41am
- Joined Apr 2011 | Status: Hoc Etiam Transibit.... | 6,089 Posts
I think Bookmap can be more suitable to me than Jigsaw. I like this video. It's also interesting to hear the reason why this presenter prefers stocks against futures these days. https://youtu.be/YBI79bztF_M
Somebody dumped 400 contracts of market order and it's absorbed immediately.... very aggressive /ES market right now.
Simplicity is the ultimate sophistication - Leonardo da Vinci
- #2,279
- Oct 3, 2019 12:29pm Oct 3, 2019 12:29pm
- Joined Apr 2011 | Status: Hoc Etiam Transibit.... | 6,089 Posts
DOM or Level2 information is something like a map or radar. How can a fighter jet flying without a radar? This volume data is obviously one of the advantages in trading exchange based products.
In the following /ES example, we may guess there can be a support near around previous swing point. However, with DOM or Level2 information, we have very accurate information such as where exactly the support is located and how strong that support will be,.. etc.
In the following /ES example, we may guess there can be a support near around previous swing point. However, with DOM or Level2 information, we have very accurate information such as where exactly the support is located and how strong that support will be,.. etc.
Simplicity is the ultimate sophistication - Leonardo da Vinci
- #2,280
- Oct 4, 2019 2:41am Oct 4, 2019 2:41am
- Joined Apr 2011 | Status: Hoc Etiam Transibit.... | 6,089 Posts
Simplicity is the ultimate sophistication - Leonardo da Vinci