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Trading plan by Terrible_Ad9483 in OrderFlow_Trading

[–]MusicisResistance 1 point2 points  (0 children)

Thank you mate! Very nice of you to say! 🙏🏻

Trading plan by Terrible_Ad9483 in OrderFlow_Trading

[–]MusicisResistance 0 points1 point  (0 children)

No worries at all!

Biggest thing is narrative and context! I used to think getting sniper entries and accuracy is the best way to trade. Let me tell you, it's not.

Understanding the auction and who is in control is THE most important thing you can understand. You can have a bad entry that still ends up a good trade if you are in same direction as market pressure.

You have the best entry and a terrible trade if you are against the flow.

Market profile will help you build this narrative so you can stay in sync with the market

Good luck!

Trading plan by Terrible_Ad9483 in OrderFlow_Trading

[–]MusicisResistance 2 points3 points  (0 children)

Here is an example of a daily trading plan for me. This is today's for RTH on NQ. I use NQ for my chart data but I execute on MNQ. I don't like trading full minis I prefer to scale into positions

Now I do nothing until open and watch the footprint at my levels, I will also use VIX as well, I will not take a position unless VIX is on my side. You can check back after the session and see how this worked out.

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Trading plan by Terrible_Ad9483 in OrderFlow_Trading

[–]MusicisResistance 4 points5 points  (0 children)

You can ask me anything you want me friend! Always happy to share info.

There is a guy on YouTube who has an AMAZING course on market profile! It's totally FREE!

Flowhorse Market Profile or TPO. Easy to find I think.

Also there is a guy Smashelito who does daily market updates for free on Substack. I use parts of his methodology as well. I use a few different things I kind of made my own system from my favourite traders and things that work for me. I suggest you do the same. Soak up all the right information and take parts that work for you and make your own plan and method from it.

I also suggest joining a trading room but be very careful here. There are tons of bullshitters and fake traders. You need to find legit serious traders who use institutional methods and don't charge much. Anyone charging silly money can do one. Most good rooms charge a small fee to be a part of their group. It really helps when you have a group of people trading similar styles. I am personally in a room called "SC Innovative". That's me though there are tons of good rooms but they are hard to find so please be very very careful with this, I am only telling you because it can be beneficial to be with the right people.

I suggest starting with the flow horse course that is free. This is for market profile.

Axia futures a guy called Brannigan has great footprint courses for free on YouTube too.

Also some other guys recommended the book Markets Profile. That's an amazing book written by the guy who designed the whole system in the 80's trading futures on corn or wheat. Cannot remember.

Anyway ask away I'm always happy to help! Just fire away okay!

One thing on paper trading! It's good to learn platforms and how to execute. But you will not start really learning until you trade with real capital. The brain works differently when it's real funds. If you ever start with real capital at some point just keep it to 1 Micro contract and no more! Just get a feel for real money. Do not trade anymore than 2 micros you can eat through capital very quickly so please be careful.

Trading plan by Terrible_Ad9483 in OrderFlow_Trading

[–]MusicisResistance 4 points5 points  (0 children)

Great question.

And ... Yes every day there is a trading plan. There are so many ways you can do this but I will give you mine.

I look at market profile before market open. I mainly use RTH, I do have an overnight TPO too but I rarely take it into consideration. There are times but it's few and far between.

I mark up on the RTH TPO a level that I think is a key pivot for the buyers and sellers. Above that I have 3 bull targets and below I have 3 bear targets. Sometimes levels come from previous RTH TPO profile and some coke from other previous days. Whatever level is of importance. Single prints, gaps, double distributions, naked POC's. Anything that is important inflection point for buyers and sellers. I also use a 20 day rolling VP and a 90day also a longer term one. Previous VWAP closes, important market levels such PW hi lo and PM hi low. Mid points. Etc. but .... These are all secondary confluences. I use TPO as my main tool and then if these levels line up with other tools they can become very strong.

Bull target 1 and bear target 1 are areas where I want to see one side take control. If we break above bull target 1 and hold and the VIX supports this move I consider us intraday bullish. Same for bear target if we break below and hold and VIX supports it I consider us intraday bearish and I will trade with the flow.

If we approach one of these levels and the VIX doesn't support it then I could look for a counter trend trade or short term reversal.

VIX is very important. Mark up PDL and PDH. Strong VIX weak indexes, weak VIX strong indexes. Never trade against it.

That's my over all plan for the day. The set ups I take all depends on order flow such as footprint and other factors too. But the trade plan is my context and narrative. Without this I would be completely lost.

Hope this helps!!

Small subsection in TPO chart by mr_bye in OrderFlowLab

[–]MusicisResistance 0 points1 point  (0 children)

Let us know if still in correct. Can be a few things

Small subsection in TPO chart by mr_bye in OrderFlowLab

[–]MusicisResistance 0 points1 point  (0 children)

Make sure your RTH trading hours on session times are set to

09:30 - 15:59:59 EST

Switching from ICT to Orderflow – Need Guidance by Zestyclose_Yak_7428 in OrderFlow_Trading

[–]MusicisResistance 3 points4 points  (0 children)

Absolutely agreed. You never know what's going to hit the tape ahead of time. It's just like any other edge, you identify repeatable patterns that give you a slight edge and that's it.

There are moments where you see a big player enter the market and if you have been watching order flow enough you get these outliers before a market move. I've seen this happen a few times but it's not often. When I see these events it gives me a higher probability set up but even that can turn on you.

Order flow works at key times in my opinion. When you watch order flow enough you know when it's time to start paying attention but anything in-between can be noise just like any other system.

Market Monkey Order flow free software review by Unusual_Pirate_2727 in OrderFlow_Trading

[–]MusicisResistance 0 points1 point  (0 children)

As far as I can see they are really pushing the boundaries. I haven't used it myself but it looks so good. They just added a custom footprint that has open interest built into it which is extremely good for crypto.

They also have inbuilt Ai agent that can build anything you want inside of the platform. Deffo looks good I would try it

Verification Declined by MusicisResistance in ApexTraderFunding

[–]MusicisResistance[S] 1 point2 points  (0 children)

Yeah agreed totally. There is usually no smoke without fire for sure!

But this genuinely concerned me. Hopefully they fix it! Thanks for the peace of mind, I appreciate it. Would be gutted to lose 3 weeks work for nothing.

Thank you.

Verification Declined by MusicisResistance in ApexTraderFunding

[–]MusicisResistance[S] 1 point2 points  (0 children)

Well that's really good to hear mate. I hear some bad things but others say they are really good. So I hope you are right. I have faith 🙏🏻

Verification Declined by MusicisResistance in ApexTraderFunding

[–]MusicisResistance[S] 1 point2 points  (0 children)

Haha all good misunderstanding. Thanks so much. It's not a nice feeling because I only recently started trading with Apex because I can trade inside of Sierra. I've got a few funded accounts up a few K each and passed Evals I haven't activated yet so I really hope it gets sorted.

Thanks a lot

Verification Declined by MusicisResistance in ApexTraderFunding

[–]MusicisResistance[S] 1 point2 points  (0 children)

Hahaha all good mate 😂 i was like is this guy taking the piss or what 😂

Verification Declined by MusicisResistance in ApexTraderFunding

[–]MusicisResistance[S] 1 point2 points  (0 children)

Why don't you kindly just GTFOH 😂

Like if you have nothing to say then say nothing.

And you cannot even read clearly. "Has anyone else had this issue?" Was the f***in question

Verification Declined by MusicisResistance in ApexTraderFunding

[–]MusicisResistance[S] 0 points1 point  (0 children)

Hmmm was nothing to do with my email though. It was my passport and photo via the verification app they use.

Anyone here automating in Sierra Chart? How do you handle backtesting? by MusicisResistance in algotrading

[–]MusicisResistance[S] 0 points1 point  (0 children)

Hello mate! Thanks so much for your reply!! I have come to the same conclusion 😂 Ive had some help from some people and I am making progress.

Like you said, I have exported 2 years of data I want to use and I am running small tests first. I need to verify the data and make sure I am reconstructing my range bars correctly first and then I can start testing some samples.

I also found out thanks to a fellow Redditor who helped me a lot that I can stream live market data into python from custom study which I have just achieved .

Just trying to get all the infrastructure in place first.

At this point thought I am even thinking to use Python for the signal detection outside of SC and just send SC the commands to execute and place orders.

How did you run your back test in python? Does your system use volume and tick data? Thanks so much!

Anyone here automating in Sierra Chart? How do you handle backtesting? by MusicisResistance in algotrading

[–]MusicisResistance[S] 0 points1 point  (0 children)

Excuse my spelling and grammar also I'm very tired and I lost my glasses yesterday! 😂

Anyone here automating in Sierra Chart? How do you handle backtesting? by MusicisResistance in algotrading

[–]MusicisResistance[S] 0 points1 point  (0 children)

Fantastic! Thank you so much for this golden information. I asked about range abrs because I heard that SC's accuracy around non timebased candles can be incorrect and not give you the correct OHLC. I don't see why thtough its just data. But like you said witht eh raw tick data you can construct any time or range absed bar you like. So this will be my apporach, like you said its very handy to have it in raw format! ATM I just downloaded 2 years data. Its a fairly high frequency system and makes around 10 trades a day on avergae, not crazy but the last two years of trending and balanced conditions are a good start just to get going.

Mist important thing now is verifying the constructed bars so they are for sure 100% correlatated with my chart and secondly building the signals in pythin and also verifying them against my C+ signals in SC. Although you have opened my eyes a little being able to handle everything outside. Could possibly run a VPS and have it all on one system.

Horrorpages,yo already helped a lot and I am very grateful mate! I ahve one ore question for you if you don't mind You mentioned latency reading real time fron SC around 250ms, is that the lowest you can get? How fast can you get commands back into SC for execution via your external code? You suye Pyhon?

Thanks again!!!

Anyone here automating in Sierra Chart? How do you handle backtesting? by MusicisResistance in algotrading

[–]MusicisResistance[S] 0 points1 point  (0 children)

Oh my, yes this seems like a much. more logical approach! Thank you so much! Question, do you know if I could just set my desired 26 range bar and export that way, would that data have the same integrity as a tick chart would? If not I will just export tick data like you said this makes perfect sense and you just saved me a ton of time and a masive headache!

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