I realize you can get PnF charts from tradingstudies.com, but I am a programmer, and I had a simple need for 1 tick x 3 box reversal PnF charts on my Ninjatrader. So, I made a quick-and-dirty implementation. Because I just threw it together, it only works for 1-tick boxes, but you can [...]
TraderB52 put out another video, this time with a voice track. For those of you who have struggled to figure out what he’s doing in the silent videos, this should help a lot.
I want to thank him for all the great videos he’s put out. Thanks, man!
How many times have my live room folks heard me say something just like this:
“If you enter before the bar closes, you might occasionally make a tick or so more on your trade. However, once or twice every day, the signal that you thought was going to happen does not and you will lose [...]
“At the end of every bar, most traders ask themselves, “What just took place?” With most bars, they conclude that it is just too confusing to understand and choose to wait for a pattern that they recognize. It is as if they believe that the bar did not exist, or they dismiss it [...]
“The rhythm of the market is the large traders breaking to high five each other before they get back to work.”
Jorge was showing us how he cleans up by watching for the splitter to turn, and then waiting for truly big (300+ sized) trades to go by on the time and sales. He scalps [...]
[EDIT: I have NT7 Beta now... see my first look at the Ninjatrader 7 beta]
Ninja just released a list of features for NT7, and you can see the list here. A lot of the features make things more convenient that what we have in 6.5 (like dragging around indicators rather than setting up panel [...]
“Small operators should take a leaf from the book of those who buy and sell enormous quantities of securities. It is their foresight which enables them to profit. To cultivate foresight means to study the market’s condition.”
My biggest trading mistakes happen when I forget my inspirational message for 2009. When I buy too much into my own ideas about where the market should go next, the market always reminds me who’s in charge.
“It is just as important to study the small lots as the large lots. The smaller quantities are like feathers on an arrow — they indicate that the business part of the arrow is at the other end.”
“The dollars will come along fast enough if you can make more points net than you lose. The professional billiardist playing for a stake aims to out-point his antagonist. After trading for a few months don’t consider the dollars you are ahead or behind, but analyze the record in points. In this [...]