simple enough to see all the different trades but i was burnt after the first few hours. going to get to bed early tonight and prepare for tomorrow.
i really wanted that 1010 bar, but i didn't take it because it was before 1030. i took that 1045ish bar, but it wasn't ideal, i just wanted to get in on the action. all the morning trades were long and then covers. the 155 trades were shorts that were covered and then a long that was covered. looking again, the 1215 trade should never have been stopped out. for some reason (self sabotage) i put the stop one penny under the previous candle, when i always do .03 below. also, that 1115 trade should not have been closed, i should have kept it open. then i got back in it because i saw it was going up. then stopped out. just put the trade on and wait for it.
break even for the day but very successful day. just need to sit back and relax and wait for it. definitely too many trades close together, not waiting for the candle to finish. but the h/l ticker was getting me in because it started accelarting and i didn't want to miss a move.
Looks like you had some excellent reads and stretched your comfort zone on the number of trades. Keep that confidence up - beautiful day.
ReplyDeleteOh yeah - and I ran across this on Big Mike's trading forum. Looks like I can save a little bit of money if I decide to go for it, but still going to work the free trial side for a bit. Might need you to give me the run down on the exchanges.
pfft.. forgot the link: http://www.iqfeed.net/bigmiketrading/index.cfm?displayaction=data§ion=fees
ReplyDeletesweet link. i wonder why that guy on the live chat told me $100 plus $25 for the scan. i guess you were right about those live chat people.
ReplyDeletethat would be a sick setup. NT for trade management, IB for executions, and the iq feed for datafeed and h/l ticker. i may have to look into that setup. in fact, since i usually take liquidity, IB is cheaper for me at .005 per share, as long as i am trading 200 at a time. if i trade 100 at a time, which i am doing for now, then my .00395 plus exchange fees is cheaper.
for the datafeed, you just need amex (etf's data), nyse, and nasdaq. if you can pull the level II from IB, do that, if not, pay the extra $13 for the feed from iq.
that setup would be killer.
i just realized there is a difference between iqfeed and dtniq, but they somehow are both the same company. i think iqfeed limits you to 500 symbols, dtn doesn't.
ReplyDeleteTHey had a DTN.IQ webinar on Mike's forum and the price is a promotional from that. It looks like IQFeed is a brand, they both have the same parent company: Telvent. The webinar was long and on the boring side, but it looks like they have great data. The speaker mentioned that they provide data for a lot of the brokers, including IB. IB then packages the data (they bundle on 1/4 increments I think) and sends it off - meaning my data is filtered and slower than it should be. Probably not a big deal. Did you see some place that they only allow 500 symbols?
ReplyDeleteLooking at today's charts again, it looks like TDA was having more problems; the historical RIG, TNA, SPY, and QQQQ are all messed up.
500 simultaneous symbols, the 12th bullet point. but that won't concern you. that is for your watchlists that you build each day. i doubt you are going to follow more than 500 symbols. i don't think that limit has an effect on a h/l ticker. i would just ask them.
ReplyDeletebig mikes trading forum waves the $50 signup fee. also, use the calculator function, if you choose NT its $60/month, if you choose quotetracker its $30/month.
http://www.iqfeed.net/index.cfm?displayaction=data§ion=fees
the dtniq is unlimited symbols
http://www.dtniq.com/template.cfm?navgroup=trynowlist&urlcode=21&view=1
and you are right about the bad data again. i completely forgot, but i was going to trade TNA near the end of the day but i was looking at the td feed chart and then looking at the lightspeed chart, and i couldn't figure out what was happening. they were showing different values. for now on, i'm going to have to focus on the lightspeed charts.
oh - wow, looks like using NT demands a premium.
ReplyDeleteI am having a lot of problems with tda this morning, cannot get historical on a lot of instruments. Without that lightspeed demo I would be lost.
Did you get NT figured out?
yes sir. thanks for the file. that software rocks. there was one small problem with the beta version and restoring a file but the help section had the answer. i thought i would simulate some trading this morning with nt, and damn, that tda data, its been down like every other day. you can definitely see the reason to have iqfeed. does the IB data work? what do you need the tda data for?
ReplyDeleteCool beans - let me know if I can help at all.
ReplyDeleteIB has an historical data 'pace' limit - only so many requests per 5 minute interval or something... extremely annoying. If I start NT right when market opens I can save the incoming as historical and it is not a problem. But like today - didn't realize TDA was not working, so I connected, and it then overwrites all the historical, so I lost the IB incoming.
Anyhoo. I am almost ready to take the IQ plunge. Between IB's packaged data and TDA being down, it is hard to trade. And this hi/lo ticker just changes the game completely.