IchibomB's stuff - Page 2

« Back to Group Discussions

Yes I think Bob made a mistake there. However, the lines that SK posted are not my lines. 

I haven't even really read that much on auction theory. I know the principals of it.

Basically, using the 70% value area, SK's lines show +/- 1 standard deviation away

from the POC. 

My buyers/sellers auction zones are based on my own theories of supply/demand

when price is at my proprietary levels. I have never read anything of the sort anywhere and 

if you have please show me as I would be interested in what others have discovered

or came up with on their own. 

Originally Posted by rg7803 
Of course you can do that! As Bob said, you are one allmighty futures god!!! The point I was wondering is, what could be the advantage for you. Most people use that lines as a visual add, that helps them to sincronize price versus leves. Sometimes I consider they work the same way as a "lighthouse" for boats traffic...they give you landmark that help you in your position! Well...just a midlleday thought...lets get back to work!

 

I know exactly what you are saying. I just think it would be cool to trade off of a completely naked chart.
 

04/04

/ES

IN 1403.5
OUT 1393

Win 10.5 (1)

04/05

/NQ

Avg IN (2) 2737.5

OUT (1) 2742.75

+3.75

Avg IN (3) 2736

OUT (3) 2727.25

-8.75

Loss 5 (3)

/ES

Loss 1 (1)

/ES

IN (2) 1389

Avg OUT (2) 1393.75

Win 4.75 (2)

I will work on my exact format later. This seems hard to follow but I wanted to get something down.

I don't think Bob has gotten much sleep the past 2 weeks. 

He's been staying up all night like me trading.

close above any level, buy on pullback

close below any level, short on pullback

Nobody has my script so it does't really matter that much. 

I use my journal to help me become a better trader.

I hope it gives others ideas to help them become better traders as well. 

Plus, I enjoy chatting with other traders. 

In the example below, the first thing I have written is 'long with pullback to key level'

Because price closed above my level I was long when price hit my level.

Then price closed below it forcing me to close my long and enter short on the pullback to the same level. 

My limit sell triggered. I experienced 18 ticks of /CL risk before the trade dropped. 

repost

http://www.hotstockmarket.com/t/94295/ib-trading-futures-price-volume/780#post_2846973

http://www.hotstockmarket.com/t/94295/ib-trading-futures-price-volume/780#post_2846997

http://www.hotstockmarket.com/t/94295/ib-trading-futures-price-volume/780#post_2847124

http://www.hotstockmarket.com/t/94295/ib-trading-futures-price-volume/720#post_2843512

http://www.hotstockmarket.com/t/94295/ib-trading-futures-price-volume/780#post_2847299

http://www.hotstockmarket.com/t/94295/ib-trading-futures-price-volume/700#post_2842236

http://www.hotstockmarket.com/t/94295/ib-trading-futures-price-volume/740#post_2845904

http://www.hotstockmarket.com/t/94295/ib-trading-futures-price-volume/760#post_2846744

Take my /ES trade from this morning for example

Price closed above my level twice. I actually didn't wait for the pullback on this one.

I saw that it already closed above and I missed my original entry so I just hit markt at 89, 

accepting the added risk I was taking on by not waiting on the next candle. 

Mechanically, my method utilizes the next candle for entry. Break rules you pay,

and other times they pay. Still have work to do.

2hr chart shown here. 

Originally Posted by BobK 
  Or maybe I should just quit posting.

NEVER!!!

Price is all I want

Next monthly buyers auction is at 1355.

However, looking back to this level in March, 1375 was a daily/weekly buyers auction.

My levels will update Sunday/Monday.

I haven't been using volume by time in my futures trading for the past several months.

I can't recall exactly when I took it off without digging. Since then I've been trading only specific

prices.  My account has been brought to all time highs in this time. I believe another

attribute in my progress has been my risk management strategy and also the calming of my emotions.

I used to feel all sorts of emotions in a trade. Hop out. Hop in. Hop out. uhhh what do I do now? 

I tell myself, "let the method do the work" and it puts a sense of calm over me. I'm never too confident

and I'm also never not confident enough. Like everything in life, it's all about balance. 

Mission complete

No worries, Bob!

I know there's going to be activity at 1am PST. I don't need to look at volume to see that.

I'm just looking for advantageous prices. 

 It took me a while to adjust to not having the volume at the bottom.
For a while I was looking at the 5minute with volume at the bottom just to see activity but no more. 

A quick glance at the Depth Of Market  (Price ladder) and Time and Sales will show activity.

Update

green candle = in the daily buyers auction

red candle = in the daily sellers auction

white candle = price has moved into the daily standard auction by .01%

yellow candle = price has moved into the daily standard auction by greater than .01%

cyan candle = price has crossed above the daily POC

mageneta canlde = price has crossed below the daily POC

gray candle = price is in the daily standard auction and does not meet white, yellow, cyan, or manegeta requirements. 

green point on close = in the weekly buyers auction

red point on close = in the weekly sellers auction

green point on open = in the monthly buyers auction

red point on close = in the monthly sellers auction

no points = price is in the weekly and monthly standard auction

next step will be to add vertical lines at the start of each daily session (Tokyo, Sydney, London, New York)

Thanks guys! I'm digging it.

Took the Yen long off of the weekly buyers auction for 27 ticks.

Had a bottom of rotation long CL, price ended up closing below

cancelling my long for -1 tick. I had to get some rest but that

close below meant short the pullback. CL taking a hit today. 

Update

Levels auto hide if price is greater than .015% away.

I went to bed and woke up at 12am and the candle closed below my level so I closed my position for -18 ticks. 

oh well. 

onto the next one indeed. Gold Futures for 6.4 points. 
It ran to my initial target of 49 but with one lot I had to take it. 

I'm happy

6B

-18 ticks (6.25)

MFE 35 ticks

GC

+64 ticks (10)

MAE 22 ticks