House of If You Can Draw A Straight Line

Discussion in 'Journals' started by dbphoenix, Nov 22, 2014.

Thread Status:
Not open for further replies.
  1. dbphoenix

    dbphoenix

    From November?
     
    #531     Feb 12, 2015
  2. Yes 11/28
     
    #532     Feb 12, 2015
  3. Gringo

    Gringo

    My buddy's buddy does that rig thing. Gets to travel across the world for work. Mud business.
     
    #533     Feb 12, 2015
  4. dbphoenix

    dbphoenix

    Well, if it's 43, then we exceeded it by two points.

    So much for the lack of predictive capability of this approach. :D

    Edit: you're right; I'm the one who's blind.

    Not a great day but a perfectly okay day.
     
    #534     Feb 12, 2015
  5. Ehh 3 and 8 look similar lol. Hey they are both Fibonacci numbers hahahahaha.
     
    #535     Feb 12, 2015
  6. VPhantom

    VPhantom

    The more the merrier. ;) In stocks, the main problem I had was that if I'm starting with a clean slate at 9:30 Eastern, the longer the timeframe the more time it took before I saw something interesting. For example with 39-minute bars you get wider, slower trends, which I like, but then forget about being flat at 16:00 if you want to catch anything decent, and of course one out of three nights you'll get a 2% gap, which I hate (regardless if it helps or hurts - I hate the added uncertainty). Even 15-minute bars often take the whole morning to speak to me, which is a total waste of potential.

    I'm still shopping around, but it looks like I'll settle on 5-minute bars this year. Like DP says, bar size is just a manner of representing continuous data anyway, but I think it'll be my sweet spot between "blink and you'll miss it" and "too slow for going flat every night".

    (Too bad my platforms don't have tick-based charts though; those look like they may be useful for condensing overnight sessions in Forex and futures. Oh well, still just a gimmick in the end.)

    Oh, that being said, my experience was limited to stocks, where pre-market is anemic at best, and some Forex, which isn't fun if you're asleep during the London morning. Now this NQ futures is new to me but seems to have a decent overnight session to minimize 9:30 surprises, yet unlike Forex, seems to have the bulk of its useful moves still bundled between 8:00 and 16:00 which is when I'm around. Might just be what I've been looking for.
     
    #536     Feb 12, 2015
  7. I looked at the ndx that high is 48. Maybe that's what happened lol.
     
    #537     Feb 12, 2015
  8. dbphoenix

    dbphoenix

    The question now is what next? Acc to AMT, we head for the upper limit of the trend channel, so that's where I'll look.
     
    #538     Feb 12, 2015
    eminiman414 likes this.
  9. gears

    gears

    Around 4420 then?
     
    #539     Feb 12, 2015
  10. Schaefer

    Schaefer

    Today's 15 minute chart for NQ. I keep my channels, and diagonal lines to a minimum. Almost made it to my profit target of 4347.

    Schaefer

    PS: DB, please let me know, if I'm cluttering your thread.

    [​IMG]
     
    #540     Feb 12, 2015
Thread Status:
Not open for further replies.