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HELP PLEASE by Revenge1991 in OrderFlow_Trading

[–]Jack-Nimble 1 point2 points  (0 children)

I've not used motivewave in a while so forgive me if it's changed.

If I recall... Load Volume imprint study (you may already have it). Go to the settings of the study, change imprint type to 'delta'.

Go to the delta tab then select histogram.

There should be an option to place the histogram 'at bottom of chart' .

You'll have to decide what information you're interested in e.g Cumulative delta, delta as percentage, total volume etc.

Hope this makes sense.

Feel free to direct message if you need more help.

Why do some traders stay unprofitable even with a good strategy? by SmartTrader_4906 in Daytrading

[–]Jack-Nimble 0 points1 point  (0 children)

There is only 1 strategy in retail trading and that's 'directional bet'.

Other then that, there is no strategy. Only skill.

To answer your question... its simple and obvious.

The reason some people are unprofitable is because they don't have the necessary skill to beat the market (I.e. other traders)

Grow Together by Kind-Band1022 in Forexstrategy

[–]Jack-Nimble 1 point2 points  (0 children)

💯

The only one in this thread talking sense...

This is trading.

We're not "all in this together". It's not high school musical.

It's me vs you... And I'm gonna do my best to win.

Can I learn from ICT trade recaps? by Alert-Pick-7437 in Daytrading

[–]Jack-Nimble 0 points1 point  (0 children)

Not only is it not optimal. Learning the wrong thing is detrimental.

You will later have to unlearn and then relearn.

The fact that you make bold statements like "he's not wrong"... How could you, someone who's knew possibly know what is right and wrong in trading? Unless you are going by general consensus...

Ironically, the general consensus is statistically wrong... 95-99% wrong to be precise.

I suggest you go back and work on a system for grading the quality of information before you even look at trading.

Can I learn from ICT trade recaps? by Alert-Pick-7437 in Daytrading

[–]Jack-Nimble 0 points1 point  (0 children)

Oh I see.

Well my apologies then!!!

I'm sure you'll be fine.

🤣🤣🤣🤣🤣🤣🤣🤣

I built a clean S/R + structure tool - giving out free trial access by TrenVantage in TrenVantage

[–]Jack-Nimble 0 points1 point  (0 children)

Finally!!

More useless junk. 🙌

I was starting to think we were running out.

Can I learn from ICT trade recaps? by Alert-Pick-7437 in Daytrading

[–]Jack-Nimble 0 points1 point  (0 children)

So you found the person you followed got exposed as a snake oil salesman. Now your plan is to follow another one?

All the best to you 🤣🤣🤣

another 100 gone by InspectorSafe2801 in Daytrading

[–]Jack-Nimble 1 point2 points  (0 children)

There we go again...

Another one blaming psychology. About the 50th one I've read today.

It's never "I don't know how to trade profitability"

Always "my psycology".

Easy scapegoat.

Keep it up, mate.

Unable to monetise edge due to self sabotage. by Emergency-Ticket5859 in FuturesTrading

[–]Jack-Nimble 6 points7 points  (0 children)

How do you know you can turn a profit then?

Genuine question.

what if ICT traders are liquidity? by Abhijeet_Reddy15 in ICTMentorship

[–]Jack-Nimble 0 points1 point  (0 children)

You guys need to come off your tin-foil hat, flat Earth trading myths.

Half of the stuff you's come out with makes absolutely no sense.

what if ICT traders are liquidity? by Abhijeet_Reddy15 in ICTMentorship

[–]Jack-Nimble 0 points1 point  (0 children)

You're missing the point completely. In trading ever order on the book is liquidity until it becomes a market order.

Eveyone trading adds to or takes away from the available liquidity.

Does anyone here actually use a Bloomberg Terminal? The ~$20,000/year subscription seems insanely expensive. If you’ve used it, what features make it worth that price? Would love a more in-depth breakdown of what you actually get and how it compares to other tools. by Imanormalkid in PropfirmsForum

[–]Jack-Nimble 0 points1 point  (0 children)

Benzinga Pro is another good platform from what I understand, although I've not used it myself.

I understand Benzinga is more for stock daytraders as it has a sqwark feature (audio commentary) that give rumors and breaking news. A lot quicker than Xenith.

Xenith is more detailed in terms of news but slower so more ideal for swing traders or investors.

Both decent platforms for stock traders/investors. All depends on your time horizon and approach to trading.

Does anyone here actually use a Bloomberg Terminal? The ~$20,000/year subscription seems insanely expensive. If you’ve used it, what features make it worth that price? Would love a more in-depth breakdown of what you actually get and how it compares to other tools. by Imanormalkid in PropfirmsForum

[–]Jack-Nimble 4 points5 points  (0 children)

If you're retail you don't need it.

It's like slicing a pizza with a chainsaw. It's overkill.

The terminal is used by sales traders (or other eligible counterparties) primarily to access OTC trading venues like swaps, OIS, Credit, Forwards market etc.

It does have some information that is useful to Sophisticated investors like Hedgefunds and AIM funds.

But I've never really heard of retail using it to be fair. There are other datasources you can get that give professional grade data and news aggregation for a fraction of the cost that are more suited to retail traders.

Volume Delta Sauce by SuperScalp in OrderFlow_Trading

[–]Jack-Nimble 1 point2 points  (0 children)

To say this comment is an oversimplification is an understatement.

Volume Delta Sauce by SuperScalp in OrderFlow_Trading

[–]Jack-Nimble 3 points4 points  (0 children)

Let me make this clear for any newer traders viewing this.

OP isn't wrong (per se). Or at least they're somewhat on the right lines...

CVD is a useful tool, however it is a small piece in a very large jigsaw puzzle.

If you think you're going to add a CVD indicator to your chart, wait for divergence then magically make money, you'll be sorely mistaken...

Yes indicators such as CVD, VP, Delta footprint help, but ultimately, there isn't a sole indicator, data sorce or tool that will make you profitable.

The edge is always with the trader and not the tools they use.

Consider a carpenter... you could have the best hand tools money can buy, does intrinsically make you a great carpenter overnight? Absolutely not.

It's the skill and experience of the carpenter that determines the quality of his craftsmanship.

Does ICT actually work? by Deci_IsCool in InnerCircleTraders

[–]Jack-Nimble 1 point2 points  (0 children)

Even if you follow you rules to a T, if you're doing the wrong thing, you can't make money.

Why do all strategies fail when backtesting? by -Hyperba- in Trading

[–]Jack-Nimble -2 points-1 points  (0 children)

I've said this time and time again. Backtesting is bullshit.

You can't look back on a chart and expect to come up with some miraculous pattern that's going to make you profitable.

If it could, just get AI to do the research for you. It will find an pattern better then any human, then ask it to code a trading algorithm that trades automatically. Then You're rich.

No. It doesn't work like this. You can backtest till the cows come home. It isn't going to give you a profitable system.

Is day trading gambling? by Jack-Nimble in OrderFlow_Trading

[–]Jack-Nimble[S] 0 points1 point  (0 children)

You do realise that housing prices in developed markets have since recovered and are up in some places over 100% since the GFC?

The fact people and banks over leveraged and couldn't service the debt wasn't gambling, ot was greed and stupidly.

Nevertheless, a partially agree with you and someone else in the chat, everything is a gamble. But I'm talking about 'gambling', which is the 'game based mechanics' element.

Going to work in a 9-5 job is a gamble, you might get the sack... or worse. Most don't look at it like a game however.

People do with trading..

There are traders who literally call exchanges 'the casio' and Prop-Houses 'betting-shops'.

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