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  1. danielc1

    Daniel is going to learn Wwatson1 to trade

    The place of the stoploss is not my exit point in case I'm wrong. As soon that I see a change in price behavior or Cumulative delta that proof's that I'm wrong, I'm out of the position before the 'hard' stop is hit. It is even so that cumulative delta warns me a head of time of a change in...
  2. danielc1

    Daniel is going to learn Wwatson1 to trade

    Yes, always. I'm a firm believer of a hard stop in the market. But not to tell me I'm wrong, but to protect me against connection drops or a sudden un aspect and large move against me. Let me take you step by step how I set a stoploss, sometimes double down on a position, and put the targets in...
  3. danielc1

    Daniel is going to learn Wwatson1 to trade

    You could use Sierracharts, or you could go with time based charts for now. The principle will stay the same. If you really decide to go for it, you can always look for range based charts software. Look for an instrument that gives you enough opportunity to have signals to take; when you are...
  4. danielc1

    Daniel is going to learn Wwatson1 to trade

    Yes, I do. I thought to start with something you are allready doing, trend trading. Do you buy (or sell) the breakout's of a trend or do you buy the pullbacks? I preffer the pullbacks, because it let me have a shorter stop or smaller risk in absolute dollars. It makes it easy to have a 2 to 1...
  5. danielc1

    Daniel is going to learn Wwatson1 to trade

    Another good example from later on today:
  6. danielc1

    Daniel is going to learn Wwatson1 to trade

    Today I was waiting on what I think is very valuable to share, but hard to explain or let other people see it. It is very clear when you see it happen in front of your screen. I call it a diverge between price en cummalative delta. Basic knowledge is that price is driven by bid and ask volume...
  7. danielc1

    Daniel is going to learn Wwatson1 to trade

    All indicators like the moving averages and cci are price calculations. The only exception is the cummalitive delta that is based on the bid and the ask volume. This is for me a great indicator, especially when price and cummalitive delta diverge from eachother. I do not act on indicators alone...
  8. danielc1

    Daniel is going to learn Wwatson1 to trade

    Sierrachart, package nr 5 because I also want to use Market Profile charts. I will get in to that later on.. Datafeed is from the broker. Transact has history data with bid and ask ticks, that is important for cummalitive data indicator, will explain later on how to use that.
  9. danielc1

    Daniel is going to learn Wwatson1 to trade

    I see that the price fill numbers are not so clear, so I copied the tradelog..
  10. danielc1

    Daniel is going to learn Wwatson1 to trade

    Todays trade same methodology as I'm trying to TEACH wwatson1. Russel2000 mini, just for purpose of learning the principles or is it teaching the principles? With price this time..
  11. danielc1

    Daniel is going to learn Wwatson1 to trade

    First, it is not my intention to be condescending. Second, "You asked if I could see the picture, I could, but I couldn't see price" a question of why this is? third, why do you use a language and express yourself in a way only teenagers do, when they do not agree with something or someone...
  12. danielc1

    Daniel is going to learn Wwatson1 to trade

    My friend, I have absolutly no "ego" in this and you are entitled to your own opinion. If you think trading must be ground breaking, super sofisticated and impressing other people, you have cleary another view of trading then I have, and that is fine by me. Your opinion does not change anything...
  13. danielc1

    Daniel is going to learn Wwatson1 to trade

    Must I go on? Or do you see the picture?
  14. danielc1

    Daniel is going to learn Wwatson1 to trade

    Take it easy, Visaria. English is not my native language, but I can make myself understandable in writing and speaking in the following languages: Dutch, French, English, German, Spanish, Italian and Latin. None perfectly, but who cares? If you are offended by our or mine English, I do apologies...
  15. danielc1

    Daniel is going to learn Wwatson1 to trade

    Okay, let's begin. I have no doubt that you know your charts, but let me explain why I use my charts and settings. It looks like a lot, but everything has a purpose. Feel free to speak your mind about it. Only then I can understand what the problem is... Chart settings minutes vs ticks: Most...
  16. danielc1

    Daniel is going to learn Wwatson1 to trade

    10 tick chart
  17. danielc1

    Daniel is going to learn Wwatson1 to trade

    60 minute chart
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