New feature provided by Investor R/T
This fresh new feature provided by Investor R/T 10.1.2 really simplifies my homework and saves me a lot of time. The software now plots automatically HVN (high volume node) and LVN (low volume node) in my composite volume charts. Cool!
In the chart above, all levels were plotted automatically.
Moving from MarketDelta into Investor R/T
MarketDelta and Investor R/T are exactly the same software with MarketDelta having the additional charts called "Footprint Charts". After testing the FootprintCharts provided by the Gomi Indicators in NinjaTrader, I just quit MarketDelta and Started using Investor R/T. The following charts show the output of the 2 softwares. MarketDelta on the top, NinjaTrader/Gomi on the bottom.
Both are being feeded by DTN IQ. Gomi even shows more information than MarketDelta: it plots the delta since recent lows and recent highs. Very cool!
Summing up, I moved from a $200 software into a $75 one and get some nice plus information in my charts.
Trading day on March 19 2010: Good Signals, Bad Management
Good setups are not enough for being a profitable trader. The proper management of the trade once you are in are vital. This Friday I got my setup triggered a few times. First time, in the beginning of the day, I hadn't started trading. When I first saw it I got the feeling of being out of the party. This is a dangerous feeling that can ruin your trading day.
The first setup I got after being in front of my computer was a buy setup. After a 32k delta sell off, I got my 4k long entry from the lows. Stopped out this trade. Sell off continued.
Next setup triggered. Market started going sideways.
The last setup triggered was also a long setup. And it would be the best one if I took it with the "correct" size. I entered in the trade with twice cars I use to enter. Got stopped almost in the low of the day, just to see the market rallies without me.
Overview of the day:
Cumulative TICK:
Internals:
Brazilian Market:
Lessons learned:
- If you missed a good entry, you have to wait another entry with patience
- Never oversize your position
Trading day: March 15 2010
No clear entry according to my setup. Market pulled back right at a Low Volume Node (LVN), which corresponded to 100% Initial Balance extension.
Cumulative TICK:
Internals:
Brazilian Market:
Trading day: March 12 2010
I got 2 long entries triggered.
Cumulative TICK:
Internals:
Brazilian market:
