Search results

No no no, your deduction assumes that OP is entering using 1 min data and is getting out very quickly like within 1 min or so and is doing this many many times in a day. He is not doing HFT, so small timeframe regular assumptions wont apply here. OP is just using 1 min data to enter 2-3 times...

OP is not doing hft, as he has said that multiple times, not even micro scalping. He is taking 2-4 trades per day. Doesn't matter if he models on 1 min data or 10 min data. What he is doing is that he is trying to capture major intra day turns in the market that happen 2-4 times a day, no reason...

PF for 2nd system is higher, but I am more sceptical as most of the performance comes from 2008. Just remove it and then rerun the numbers. that will give a better indicator of what to expect in future. Also, it seems like skewed performance in 2008 means your results are directly...

Jayjay, Nice comments overall - but everyone has missed out the most basic test of edge - it seems. The first question to ask is if the idea makes sense to you conceptually? Does it pass the smell test ? Can you CLEARLY write out the specific market pattern/behavior that underlines your...

TF followers do use price action but still TF is a class in itself. It definitely deserves a different option, pls don't include it under price action, for otherwise price action will be all encompassing. Also, add one section for quantitative trading - to include trading strategies like mean...

ES had a 9.25 point range today, and I scored 12.75 points before commission, and about 12.5 points after commissions. This was my best day dollar wise as well as % of day's range wise in ES. I made 621.5 USD trading 1 contract. My earlier best was 615 USD in one day trading 1 contract. and even...

out at 1346.75 for 2 points on this trade.

Thanks for info.. last para made me chuckle -- he being a very clever guy and so must have his reasons :)

Yes, I read through the no bs day trading website and it did pass the smell test for sure. Does Grey1 still does his free seminars, in which he trades live in front of a group ? He is primarily an equities trader....correct ? Wonder why he doesn't trade through an equities prop firm rather...

bigsnack check this out After you mentioned, I looked at the website of no bs day trading and read through it --- looks good. I decided to read what people are saying about it and so I googled following: Google Following --> "no bs day trading review" The first link has got the author...

stop moved to BE+1 tic, so 1345, will be on my toes to get out and possibly reverse, if we touch 1347.5

moving stop to 1344

long 1344.75, seems we are going up till end of day. 2 point stop on this one

out at 1343 for 1 tick.. This trade was my first attempt to see how it feels scalping looking at DOM :) Don't plan to do it again. Probably better suited if you have some algo and an exchange seat to reduce comm. For guys like us, better to be selective, think and take trades aiming for...

short 1343.25, 2 tick profit target on this one, 2 tick stop loss.

closed the long position at 1343.5....feels like shorting here, but will stop myself from over-trading. Will wait to gain more clarity.

Thanks.

ammo, can you pls post a pic of how your dom looks like. I am on IB, and IB dom (market depth in IB) as well as Time and Sales does not have day's total volume traded on bid and offer. I am surprised that ToS has something like this. Thanks.

stop at BE + 1 tick, so 1340. I was very tempted to close the trade at 1341.25 and then again at 1342.25. Good that I waited, if I close now, I can get 1343, but it seems there is a little chance that we actually erase all morning downmove and go up and make an attempt towards 1350 today...

Thanks for lesson, ammo. I have never watched DOM closely for any length of time, so its a new science/art for me. I think I will focus closely on DOM as a tool sometime in future. It is my guess that DOM will have much more value while trading other less liquid futures like Ags, metals etc...