Please, don't quote me anymore and please don't comment on me anymore. You can do enough damage to others without having to drag me through your dirt.
I mean no disrespect 40D, but the fact of the matter is that I can comment all I want. This is a thread that I started. I appreciate your continued effort to steer me in the right direction, but the direction you have chosen now is to attack my psychology, as if you know the deep inner workings of my brain. I too realize how how those who fail like to attack others to make themselves feel better about their own failure, but this is quite a bit different. I'm trying to actually make this work, but you're not showing enough.
The above chart that you annotate, yes, it isn't out of nowhere, but point being, as I'm trying to get across is that, what you call a lower high on an hourly chart is only a lower high once that entire hour is up and that bar has fully formed and is written in stone. As this bar is forming, as I have pointed out, there could be what appears to be a lower high, but then, price makes a higher high, and if that entire sequence of 1 minute bars happened in that one hourly bar, then that hourly bar would have in fact been a higher high.
Furthermore, you always say to only focus on the extremes, so how is that hourly bar, the one that you call a lower high, of any significance since its not an extreme? Its just a bar with a high that is lower than the previous bar. The next bar after even has a high that is lower, so why don't we draw a line across this?
But you know, there is something else that has been bugging me, and I'd like to end with that. If you don't reply, that is fine, the entire community would have read it.
You had showed us this post back in January on how you got filled short for 20 contracts at 4206.
http://www.elitetrader.com/et/index.php?threads/observations-an-example.288938/page-5#post-4076786
I'm not a user of Ninja, so I'm not exactly sure where this fill happened given that the horizontal line intersects price twice, so I went looking into the tick data, trying hard to see these higher lows and higher highs and all that jazz. Its pretty obvious that you get filled around 10:23.19.
The view on your 5 min chart shows you already 2.75 points into profit, finally breathing a sigh of relief I'm sure. But here is the funny thing. When "the apprentice" shows his charts, his fill line is there just like yours, but so is the line to show where his stop is and profit target.
http://www.elitetrader.com/et/index.php?threads/observations-an-example.288938/page-23#post-4091800
If he wasn't in the live trade anymore, then I'm sure that we would see the entry and the exit as he so nicely shows most of the time. Now on your chart, we only see the entry, so you're still in the trade. Why wouldn't you have your stop and profit orders somewhere? The 5 minute view is wide enough that they should be there. You say you always have a 5 point disaster stop attached to each trade, so it should be there, at 4211 even if you're still using a 5 point disaster stop, but strangely, it isn't. You said before you start with a profit target of 20 points, just as the preset value, so this puts a profit target initially at 4186, but this isn't there either. Why would somebody trading live, trading with real money, trading 20 contracts, risk not having OCO orders?
I suppose there could be an option in Ninja to hide pending orders, which would be the OCO orders, and just show the fill, but to me, that line you show is the line you get from live orders that are displayed. If it was just a fill, and you chose not to display pending orders, then that fill should be the little triangle, not a line. But hey, I don't know Ninja well enough so I better be careful with what conclusions I draw. But if a trader who is trading only 1 contract can show a chart with a proper entry, stop and target, complete with fills that are plotted by the platform, why this is never on your charts I have to question. Why your charts are always drawn up with cute little shapes to show entries and exits when it would be far easier to just take a screen capture of your actual chart without having to draw this in manually I have to question.
There is something else that bugs me about your trade. This was a very slow time. I could even see this in the tick data. Sierra Charts gives me access to the actual tick data, which I assume is pretty accurate, so I went digging.
Since its pretty obvious that you got filled somewhere around 10:23.19, lets see what was going on there. I attach a chart of this tick data. Its big, but I wanted to make sure to leave plenty of space between the ticks so we could really see what is happening.
The red box outlines the time in question, about 3 seconds worth. Not a single transaction is for more than 4 contracts.. most are at 1. So I started to count how many happened at 4206. The first wave on the way down has 5 ticks at 4206, with a total of 9 contracts. When price comes back up and trades at 4206, there are a total of 6 transactions and the volume I count is 7 contracts traded. Jesus, I may be pretty dumb, but 9+7 is only 16 contracts at 4206, and these aren't even sequential. How on earth did you go short for 20 contracts at 4206?
Now perhaps this 4206 represents an average... so some were filled at 4206.25, and some were filled at 4205.75. Trouble is just before price hits 4206, the previous level is actually 2 ticks higher at 4206.50. I don't know how far I can take this, how accurate this data is, but I would imagine the average price is not going to be such a nice round number of 4206.
The thing is that volume was so low around this time that I just don't see how you're getting filled for 20 contracts at such a nice and neat price level. I have only ever traded 2 contracts max, and often when I've hit the reverse button to change my trade direction, switching from short to long, and therefore having to buy 2 contracts, these are filled 1 tick apart. During a much busier time and wanting to buy only 2 contracts gets me a fill not at the same price level! So this, given with that fact that there are no OCO orders attached, as per your own charts, makes me question what happened here.
You can call all of this trolling, but I think the onus is upon you to prove such an extraordinary claim of yours when I have shown sufficient evidence that would lead any reasonable person to have justifiable doubts.
Thanks for pissing me off and giving me the opportunity to share this.
If there are experts out there, please do jump in and share. Who is trading more than 10 contracts and can actually tell us what happens with fills? Who uses Ninja and can actually say what should be seen on a chart in reference to fills and active pending orders?
Ps. I have more circumstantial evidence if you wanna have more fun.
