kuro

Hi Brownsfan, I have it, a pretty good book. Much more readable than something like Al Brooks.

Yes. A pump and dump scam. Maybe wait until it hits $2 and short. "Goldman" is Goldman research, not Goldman Sachs and Goldman research was paid US$15,000 for their report. You do the math.

Reminiscences of a Stock Operator Great book, I re-read it every so often.

TT has an API., and does not use EasyLanguage. Why not just use the X_TRADER API?

In NT Volume is an indicator. So look for the VOL indicator, add that and 'Bob's Your Uncle'

Congratulations James! It is hard at first , but it is really worth it.

Hmmm ... the last three posts in this thread are mine. I guess this thread is dying.

Well, I had a better day today. A nice choppy day suits me fine. I had two really easy trades right off the bat and I was up 6 points. I thought I would get more aggressive since I had a little wiggle to play with. But instead I became more cautious and started scratching trades and that is when I just called it a day. So far this week +289

This is an image from the first two days. I usually do my performance for the week for myself, so I think I will start posting what I normally look at during the day. Well, I actually don't look at my P/L until near the end of the day. Monday I had a crappy day, I set my NinjaTrader ATM on my DOM, but didn't set it on Chart and I entered the first trade of the day on the chart and without out an ATM I had a one tick reversal and lost 10 ticks before I closed it. Blah. Such is life. Anyway, two days , down 13 bucks after comms.

Thanks, those were two of my better entries. I took NO heat on either of them which is rare. A long, long time ago, when I was swing trading a lot larger account ( Not futures ) , my better half would freak out over the P/L fluctuations on the screen from second to second. It didn't bother me because I had the account to take a hit then. I am trading SIM, but I trade just as I did when I was trading live emotionally , but the smaller account I am trading now just messes with me. I will just have to grind it out until I get the account size to where I can trade 2~3 contracts. That is an account size where I feel comfortable, not just by daytrading margins.

My problem is still between my ears. Wed & Thur were flat. I traded but I did not get anywhere. Today, Friday, which is usually a harder day for me because the late morning gets thin, gave me some good opportunities. I found myself taking profits when the price stopped moving on the DOM, instead of trailing. The average time in these two trades was 42 seconds. The first trade, I wanted to put a win down just to get something. That first trade I convinced myself that since is was a Friday, we probably were not going to get a decent move, and I should scalp. The second trade came along and I took profits way too early. I am profitable for the week ( in SIM ) so that is a good thing.

Decent day back five trades. I rate 4/5 trades were executed well. I missed one because I was too slow on the mouse. The second trade I was stopped out to the tick before a 10 point run that would have been in my favor. I still count that trade as executed well because in hindsight , I would have done the exact same thing.

No, in MarketDelta it would be the the "Volume Breakdown indicator", and in TT it would be CVD I believe. I wrote it to suit my preferences. If the Volume Breakdown is going my way, I am looser on the stop loss, and when against me I put my stop very close. If it goes against me early in the trade, I just try to scratch the trade. I am still learning how to use it, so it will take a while.

Did not get a chance to trade on Monday. Today was a good day, I hit my target and called it a day. I have been using a Volume Balance type indicator to let me know when a move is over and it has taken me last week and this week to integrate it into my style. I don't want to have fixed targets, so I am trying to stay with the trade as long as the market is trying to give me something It has helped a lot. Also, last week I switched to tick charts after watching both the 5 min and tick charts. It was not easy because I usually don't change more than one thing at a time to my method, and last week i changed two.

beyondMP, Are you sure you are not thinking about a stop market with protection? What you are saying does not make sense. An order sent out as a stop limit is a stop limit.

I have been looking at tick charts and I decided to try them this week. I do like than better than time based charts. Beans have a lot of volume and volatility at the open and then trails off , and with tick charts, it is easier to trade the volatility in the first half an hour. This is just my opinion from one days trading and some 'eyeball' backtesting over the last month of trades, so take it with a grain of salt. I am using the same rules/setup I used with 5 minute charts, and that will have to trade. I took 8 trades in the first two hours trading tick bars which is way too many for my taste.

One bad entry from ending the day in the black I had two winning entries and one losing entry. I just wasn't quick enough on the mouse for the last trade, but such is trading. I am happy with my execution today, so it was a good day.

Today was a bad day and you learn the most from your bad days. I took a trade that I should not have taken near the open. Monday I sat around the morning ( I trade about the first hour and a half to two hours in beans ) and did not take he same setup because of my rules. Today I saw the same setup and went for it and lost. I have rules in my trading plan and I let my frustration of not making a trade on Monday get to me and break my rules. The good thing is it slapped me back to reality and I traded the rest of the session with only one mistake in the following three trades. Still, it is hardest to write in your journal or post on days when you lose because of stupid things you have done. Writing about your bad days is how to get better, IMHO.

No trades on Monday. I trade CME beans. I trade small but I am going for consistency.

Only one trade today, no trades yesterday. I trade SIM the same as live trading. I record it in my journal and keep statistics like live trading. If you fool yourself on SIM trading thinking 'I would not have made that mistake if I was trading live" or some other excuse, then you are just fooling yourself. SIM trading is about gaining confidence in your execution so you can trade the same way live. If you lie to yourself I don't think you will ever get that confidence.

Took two trades, the first one was a loser. The second entry was a winner but I cut my profits short taking 5 ticks profit out of a 8 point run trading ZS.

Just starting SIM trading. Not a good day, I should have executed better.

A = Actual trading (watching the DOM, entering orders, etc..) B = Trading methods review, review of the day’s trading, record keeping, etc.. C = Researching new methods, reading books, reading TL for new trading ideas A - 2. I only trade the first two hours of the session B - 1 including pre-trade prep C - ??? 1 or 2 not really something I do 'every day', more when I have free time. I reserve most of 'B' to the weekends. Maybe 8 hours over the weekend.