Daytrading the mini-Dow - Page 8

Quote:

Originally Posted by Datemike 

 

almost 500ticks off the bottom already. tough to go long here without a pause.

i think the rally will stall around the 50%fr

stopped out -16

currently observing ascending triangle on m5 chart

long 11580 sl @ 11565

see if there will be retest of the rising trendline on m5

stopped out -15

Quote:

Originally Posted by Datemike 

Your more successful trading off the 1hr+ from what i've noticed.

My bread and butter has been using 1hr and 15min so far. Lately I try to go for quick scalps on m5 but I think I learn recently is to be even MORE picky the lower the time frame you are.

had a PO at 11474 w/ sl @ 11449

pretty much came 1 tick away from being stopped out

i would've been sad

i think this is by far my biggest winner yet

stop moved to 11790

price into zone with lots of s/r flip

will observe what it does here

stop at 11858

price broke through ppz

78.6% and 12000BRN next target

stop moved to 11895

Quote:

Originally Posted by IchibomB 

Are you still paper trading YM? Your charts are missing the thinkAI shown on the live platform. 

Maybe mine just has it...IDK 

 

Pretty flipping sweet trade though, live or paper!

 

I chart on my live and paper platform. I leave my live platform setup on higher time frame and setup a paper chart for lower time frame since I like viewing them both with different styles.

At the same time, this gives me the chance to test some new things with convenience and compare it to my live account in the long run.

I still use the same style for higher time frame as I do back when I was papertrading half a year ago. I like longer term trading a lot better but I can't stomach the higher risk that comes with it

Which reminds me, I've been thinking about switching to a broker that uses a better charting platform and better interface... I really can't go back to ToS after using MT4. The only reason I used this is because I already had an equity account with them so it was easier setup. Any recommendations?

Quote:

Originally Posted by IchibomB 

Nice man. That's killer. Congrats on the big trade 

 

I recommend multicharts or sierra charts with DTN IQ Feed.

 

I know a lot of people use Ninja but I've also heard it has a lot of bugs.

Maybe they've fixed things in 7. I'm not sure. 

I'll check those out. I think I downloaded a demo of Ninjatrader but I didn't know how to set it up........

I have a confession. I am computer illiterate. Actually, make that tech illiterate. I am from the stone age.

I've been watching /CL move lately. At $10/tick, one would need some serious bankroll for this don't they... not to mention at 10k/contract

This thing is quite the beast. I can see how someone can easily scalp a few ticks a day and pretty much make a living off it...

Need to make it a goal to tame this beast one day