Hi TN7,
I say keep posting the trade profiles, maybe one or two more. I think it, at the least, gives the newer traders something to think about. I didn't see your post with the profile at the time, wish I would have.
It feels good not to be the newbie trader anymore, I have almost five years under my hat now. I built a fully automated system in C# to try and scalp with the delta concepts. I concluded that there's too much noise at that level and have gone back to day trading, which so far I'm doing OK.
I did want to ask, though, if you were to scale down to the smaller time frames (15 minute), what would you emphasize as far as support indicators? The basic deltas do break down and sometimes make no sense at all a this level. I built my indicator package around a time frame in 2008 where it would have made a killing, but I think I overfit a little bit and it gets killed in the current market. I'm trying to modify it to work in present day and possibly make it self-adjustable, but can't seem to find the right formula.
I've also thought about going fully automated with the day trading, but that's a lot of coding work and would require a serious multi-threaded program. I do enjoy semi-discretionary trading, but I really do like the idea of having a 'bot' make all the decisions for me.
Anyway, good trading and keep posting.
Good to see you Brabed.
I won't be doing any trade profiles because I have to continually update them. I could post the screen pic of the Panel, but I don't want to show that either anymore. Besides, Newbies need
ideas not trades. Remember, feed a man and he's good to go for that day. Teach the man how to go get his own food and you've fed him for a lifetime. Inspiration and
ideas/clues are what the Newbie needs. In the beginning, even the Newbie does not truly know what they need and it can take a very long time to figure it out. I wish I had someone with years of experience and new insights to offer me help when I was a struggling Nube.
As far as your system is concerned. Recall, that I've only exposed my system/technology up to the 4G level. I'm trading 7G right now and my last words to you guys was to
start looking for other Deltas beyond 4G. I briefly went over the first 5G indicators, Alpha-4 and Alpha-5 as concepts, which are really just advanced versions of Distinct Vega. I can't go beyond 4G public exposure but like I said, I am at the 7th Generation of code now. I'm not in Kansas anymore and Toto has turned into a Thoroughbred Race Horse!
About Support and Resistance. Leave that up to conventional Traders.
I don't worry about Support and Resistance because I trade
underneath it and in between it. Support and Resistance simply emerges in the rear-view mirror, after a series of trades are concluded. When they are done,
then I can look back on a chart and say something like: Aha! So, there is support and resistance. A Delta Trader does not go out looking for support and resistance, because it
can show up until after the fact - just like the so-called "trend." As a Delta Trader, I am concerned with
probabilities - not "trends." Both support and resistance are
trend indicators but most people don't understand that.
Most conventional wisdom associates a "trend" with
vertical movement alone. This is a classic mistake it is one of the primary reasons why so many get sucked into support, only to be blasted out the bottom, or pulled into resistance, only to be launched through the roof and into the stratosphere. If you are Delta Trading correctly, then Support and Resistance will emerge on-time, right before your eyes and on cue - just like it is supposed to. Heck, a Delta Trader should be able to see Double Tops coming, before they arrive on scene! Hunt for the Probability and Risk Mitigate with good money management - that is where the real money resides.
Now. How?
Well, remember, I've only given 4G - so I cannot tell you exactly how I do it. However, you have insight that others won't, so telling you that you need to find
weak TCDs that coalesce around a weak mean should spark some imagination in you. Because, that is when the LocBind trade works the best. In fact, LocBind is a virtual guarantee, as long as
the weaker TCD continues to wrap around its own weak mean. It is all about HOW you look at the data and HOW you interpret it. Remember, you are dealing with Meta data, not Market data, so you can't think the same way the market does. Your interpretation, by definition, has to be one step ahead of the market, at all times. If you are interpreting with the market, then by definition, you can't be Delta Trading. You have to be where the market
must go a high-probability of the time, before the market gets there and get out, before the market leaves. Stealth.
Remember, the TCDs have mean lines, too! This is what RT-TCD can help you understand immediately. This is what TAC-TCD helps you understand in the short-term and this is what SAC-TCD helps you understand over the long-term. It is all about HOW you read and interpret the data. I suggested that you guys create not just new Deltas but new
Indicators based upon the TCDs themselves. How many people actually took that to heart. One of the primary reasons why LocBind escapes you, is that you have not yet created a simple mean "trend line" of each TCD itself. Once you have the individual TCD mean lines plotted,
then you can see with the naked eye which TCD is coalescing around its mean. That's one of the biggest secrets to unlocking more potential out of the LocBind type trade. Since you are now using OOP, you should be able to get better clarity and definition of this inter-relationship between the TCD and its Mean, down to the lower time-frames and that alone should boost LocBind performance dramatically.
Once you go outside the box, there is no turning back. Stay out side the box and that is what
conceiving and creating the TCD Mean Line represents. It is totally outside the box thinking. Who knew? Doing so, means that you are creating a Child Indicator using its Parent Indicator to derive a third Indicator, the TCD Mean Oscillator. Something I've never shared before, because I wanted you guys to develop this creative thought process on your own.
Ok, so now you know - now go build it. All you are doing is building a "trend" indicator of the TCD itself - that is it. Then you can start getting more creative by blending BOTH TCD Mean Oscillators together to explore the kind of price action that occurs with such a view of the market. When you do this, you will note that whenever either TCD (Long or Short) is coalescing around its own mean like the DNA Double Helix above, LocBind is also present and accounted for.
Now, take it a step further.
Now that you know bout the TCD Mean Oscillator, build one for the Long TCD and the Short TCD - then
blend the two together to create a singular Global TCD Magnitude Indicator. I affectionately call it the
Global Hawk inside my system, but you can call it what you want. Global Hawk is the master mean derivative of all TCD
magnitude. Do not confuse this with a
Directional Indicator - it is not. In this regard, you can think of it in the same way you would think of ADX, only this one has a much better pulse of the market because it uses TCD values for its input.
Scale Global Hawk to output its data in the same data format that your TCDs use and when you see one TCD
coalescing around Global Hawk, then bingo - you should see very reliable LocBind signature within that same time-frame. The closer Global Hawk is to either TCD in-terms of distance or their respective magnitude values, the higher the LocBind
probability. And, THAT is what a Delta Trader is looking for,
high delta probabilities. Not support and resistance.
When neither TCD is coalescing or cycling around Global Hawk, that is when you know the Dominant Trajectory (trend) is taking over and the shift from LocBind trade types to pure TCD trade types on good
subordinate side Fills, are at play. To the outsider, it will simply look like you've transitioned to simply trading the "trend." That is of course, until one of the TCDs starts cycling and coalescing around Global Hawk again. At which point you shift back from TCD type trades on good
subordinate side Fills, into LocBind positions. In this way, you can roll back and forth between most market conditions with relative confidence.
This should get you to the mid point of 5G. :idea:
Hope that helps and happy trading!