Please explain? I know about s/r for those ten cases...but it seems to me the s/r is represented by ledges in the DOM.
ES
ES
Winning, Losing & BetSize trading the ES
- Thread starter ElectricSavant
- Start date
The only "value" in the DOM is to indicate how much slippage you might incur for a trade of size.... reveals nothing about S/R or future direction of price.
If it could reveal information like that...wouldn't that be proof of a "reliability" to use that info to trade with on a shorter term than you do?
ES
P. S. Scat...I will not be trading this for a year...
ES
P. S. Scat...I will not be trading this for a year...
But it doesn't.
Looking at the ES DOM right now... there's a bid bulge @ 2849.50... for 1 tic. You think that's "significant" and/or "tradable"... enough to put some money on it?
No I do not think so...right now. But I am thinking that I should be looking at volume...but Sprout does not talk about that. Time and sales might help with my volume questions.
I have a lot going on behind the scenes here with trading...Can't talk about it. Too many changes too quickly...I must follow through on something. People here in ET have dramatically different trading styles.
I can never get a complete picture while blowing in the wind...Scat I know you know your shit and you have proven it with your trophies..but are you going to teach me your methodolgy?...I think not...Just let me be I will arrive. Come and see how the other side lives
and visit us in our new built home in AZ ok?
ES
I have a lot going on behind the scenes here with trading...Can't talk about it. Too many changes too quickly...I must follow through on something. People here in ET have dramatically different trading styles.
I can never get a complete picture while blowing in the wind...Scat I know you know your shit and you have proven it with your trophies..but are you going to teach me your methodolgy?...I think not...Just let me be I will arrive. Come and see how the other side lives
and visit us in our new built home in AZ ok? ES
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Well...I can post in ET still from my chromebook...But my trading computer power supply must have worn out. Got to get a new computer anyways...prolly an 8 or 12 stick version of a pentium with multi monitor support or a bunch of usb's..So I must take a pause in my trading, which is prolly a good thing as I have spent hundreds of hours for the last month trading in sim and researching...
I have Forex automation on VPS... So I need to get to a computer with a hard drive to post to my thread...
ES
I have Forex automation on VPS... So I need to get to a computer with a hard drive to post to my thread...
ES
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No I do not think so...right now. But I am thinking that I should be looking at volume...but Sprout does not talk about that. Time and sales might help with my volume questions.
I have a lot going on behind the scenes here with trading...Can't talk about it. Too many changes too quickly...I must follow through on something. People here in ET have dramatically different trading styles.
I can never get a complete picture while blowing in the wind...Scat I know you know your shit and you have proven it with your trophies..but are you going to teach me your methodolgy?...I think not...Just let me be I will arrive. Come and see how the other side lives
ES
Questions control focus, up to now volume has not been on the table.
Volume leads price. Many would disagree. If you want to understand how volume leads price, you have to orient yourself to observing the basic granularity of market information. To do this requires doing drills which is old skool pen and paper computing.
The first drill is to examine how a single bar builds. It’s known as the 5x5 grid.
1 ES point is 4 ticks. Draw.a grid of 5 rows and 5 columns of a single bar with three ‘tics’ in each bar that define the bar into 4 equal segments. In this grid there are only 25 possible forms a single bar can make.
What are those forms?
Volume goes through a sequence of events much like a pattern. Many look for patterns in price, others look for patterns in volume.
One set is the majority the other set is the minority.
Just like in market turns, the majority of standing limits orders are left unfilled as the minority initiates market orders in the opposite price direction.
You're trying to get every tick.
"Danger! Danger, Will Robinson!"Just check this out for a few hours, and a few days, and a few spikes and V-bottoms, (And a few Great Divide Basin flats AGGGGH!), and see if exiting on the first downturn of DMI-or-ADX doesn't gain you more than the deadly-dangerous staying in. Things change!
You might find a better way. 
Folks,
I have found a method that works for me. Yes it a method with a 1-tick target and a 4-tick SL (sometimes 3 ticks) I maintain a higher than 80% winrate.
I will say that I will follow the "tommcginnis Average Directional Index" method in between my main trades.
But Sprout is a "natural trader" and I encourage the traders that come to this thread in the future to continue on with "Sprouts teachings" because you will become a master trader by "feel" not static rules drawn in the sand.
CALLumbus...well what can I say. He is a "Master" making money. He will point you in the right direction, along with Mark Brown and greg500. Well...and then there is "They" he is always good to read and can trade well. SunTrader..has some great one liners that "cut" to the chase. There were some other posters here that posted once or twice with help along the way...I cannot list all of you, but you are appreciated.
Thank you for reading my thread, Thank You ET for providing this Forum. AND THANK YOU MOST OF ALL TO THE TRADERS HERE.
es
P.S. As I refine expect more threads. Visit them and learn from ElectricSavant and the traders here.
https://deals.dell.com/productdetail/18no
I have found a method that works for me. Yes it a method with a 1-tick target and a 4-tick SL (sometimes 3 ticks) I maintain a higher than 80% winrate.
I will say that I will follow the "tommcginnis Average Directional Index" method in between my main trades.
But Sprout is a "natural trader" and I encourage the traders that come to this thread in the future to continue on with "Sprouts teachings" because you will become a master trader by "feel" not static rules drawn in the sand.
CALLumbus...well what can I say. He is a "Master" making money. He will point you in the right direction, along with Mark Brown and greg500. Well...and then there is "They" he is always good to read and can trade well. SunTrader..has some great one liners that "cut" to the chase. There were some other posters here that posted once or twice with help along the way...I cannot list all of you, but you are appreciated.
Thank you for reading my thread, Thank You ET for providing this Forum. AND THANK YOU MOST OF ALL TO THE TRADERS HERE.
es
P.S. As I refine expect more threads. Visit them and learn from ElectricSavant and the traders here.
https://deals.dell.com/productdetail/18no
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My trading went well today.
