A Jack of Small Trades

From my experience, traders fall into 1 of 2 camps for trade management. Either they put on a position and then scale-out, or they keep it simple with the old, "1 & Done".

I propose a different path...a path were a trader either scales in, or takes reasonable trades across the life-cycle of a trend.

Why put on all your risk at the inception?

Why not put your toe in the water and if the market moves in your favor, then heck....go in again.

I am building some data models that will (hopefully) validate this approach...and will post them on https://sceeto.com.

I hope that you find this stuff as interesting as I do.

 
Happy 5th of July. 

If you are reading this today, then I guess that we are kindred souls - as we should be at the beach and ignoring the markets.

I shot this video yesterday, which is even more egregious than working today, but the wife and kids are away and I am home with the dog, cat, chickens and the beach late in the day - so, I tinker.



In this video I review 'Multiple Time-Frame Analysis Chart Setup for Market Assessment, Tape Reading and Analysis for Deploying Semi-Automated Trading Bots".

Similar to traders using larger time frame bar sizes to assess market structure and price action – yet they trade on the lower time frame bar sizes, we use larger range bar sizes to assess the overall market while we deploy our trading bots on smaller range bar sizes so that they ingest and analyze order flow at a more granular level – and also can enter at a more discrete price tick.

In this video we contrast an 8 tick ES chart with a 3 tick ES chart. Beyond the 8 tick and 3 tick, I also use a 5, 13 tick and a 21 tick chart for both ES and CL.

You can also trade on a 2 tick in ES. ES 13 tick range bar chart - This chart will give you a very pronounced and very dependable view of Support & Resistance Levels.

Note - I use Ludwig Levels, www.LudwigLevels.com, for support/resistance, and for forecasting where price is likely to traverse to. 

P.S. - I am publishing a video on Sunday evening regarding, "Trading Money Management Scaling In vs Scaling Out" - which I find incredibly fascinating, and think is a more important component than entries.

P.P.S. - You may not have noticed, but after a 2 year slog, Twitter has bequeathed me the @sceeto handle.  My prior handle, @TapeReader, has oddly been assigned to someone who does not seem engaged in the markets.

P.P.P.S. - I have also developed a suite of BreachBots for Sierra Chart that are pretty cool.   We have not yet begun to sell these bots, but I use them in my own trading. 

If you would to test out these Breach Bots for Sierra Chart, please send me your Sierra Chart or InfinityAT Account name by submitting a ticket here and I will set you up.


All the best,
Carl

Carl 

Carl Weiss
Algorithmic Architect @ ...sceeto

Click & follow now to keep up to date on new releases, order flow insights, and bot trading methods:    

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Hi {subtag:name|part:first|ucfirst},

I have found that order flow algorithms, particularly Book Pressure, can draw a 'line in the sand' that specifically demarcates where traders will be trapped if price revisits and passes through this area.

In this video we show real-time deployment of semi-automated hybrid trading bots that take advantage of these 'lines in the sand':



The insight into configuring bots in NinjaTrader to trade breaches is to remove the requirement that the bots need a price pivot to engage.

There are 3 articles in our online Bot Deployment Users Guide that delve deeper into the nuances of breach trading.

If you have any questions, please feel free to reach out to me here.

P.S. - I have also developed a suite of BreachBots for Sierra Chart that are pretty cool.   We have not yet begun to sell these bots, but I use them in my own trading. 

If you would to test out these Breach Bots for Sierra Chart, please send me your Sierra Chart or InfinityAT Account name by submitting a ticket here and I will set you up.

All the best,
Carl

Carl 

Carl Weiss
Algorithmic Architect @ ...sceeto

Click & follow now to keep up to date on new releases, order flow insights, and bot trading methods:    

stocktwitsicon    twittericon    facebook
 

💡 If nature abhors a vacuum, it would be good to know if there are vacuums within the order books of electronic exchanges, such as the S&P 500 e-mini on GLOBEX/CME.

In this video we show real-time deployment of semi-automated hybrid trading bots that look for imbalances in order flow:



The bots used in this video were configured to look for readings greater than 200 in Book Pressure, which is a proprietary order flow algorithms that ships with both NinjaBots for NinjaTrader and SceetoBots for Sierra Chart - or - Engulfing Sweeps of the Order Book, another proprietary order flow algo that our customers have access to.

I hope that you find this stuff as fascinating as I do.

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