Posted by DigiNomad on 23rd of Mar 2023 at 01:35 pm
Matt, I've been using a Heikin Ashi chart setup in TradingView
that you sent out a while ago (it might have been months ago).
The buy sell indicators are crazy good. Can't figure out
exactly how they are constructed, but it works great, so I use it.
Thanks.
I struggle with trading the Heikin chart as the bar size in them
is different from the real bar size. Any guidance on how to
enter/exit would be greatly appreciated.
Posted by DigiNomad on 23rd of Mar 2023 at 01:55 pm
That depends on your style and trading plan. Are you
comfortable trading against the trend or prefer to enter only in
the direction of the predominant trend? Etc, etc. I sell credit
spreads (both puts and calls). So I'm primarily just looking for
shorter term extremes for entries that increase my probability of
success. I don't have to be completely right on the direction, but
I'm less likely to get whacked if I enter at an extreme.
Posted by DigiNomad on 23rd of Mar 2023 at 02:05 pm
Depends on your account size and other factors. I target around
.25% of Net Liq in premium on a given trade, with the intent to
take profits when 50% of the premium is decayed. But it
depends on my confidence level for that particular day / trading
environment. Yesterday, I quadrupled down on 4080 call sale on that
initial push up after the print. I normally wouldn't do that, but
the situation seemed to call for it.
FWIW - my trade sizing is quite risk averse at .25% of net
liq, but it withstood the trial by fire that was 2022. I finished
last year solidly positive. The small bets allow for defending
positions, when necessary (doubling down, rolling out,
etc).
Posted by DigiNomad on 23rd of Mar 2023 at 01:59 pm
Of course, right after I post, the system generates one of the
few failed trades I've seen in a while. It happens with all
systems, but it's guaranteed if I publicly suggest a strategy
DigiNomad - got this message when i tried to view your chart. I
have a free TV account. If others can see it guess that's why I
can't. Thoughts?
We can't open this chart layout for you
If you're the owner of this chart layout then you need to log in
to be able to see it.
If you wish to see someone else's chart layout, then please ask
the owner to enable chart layout sharing, or to publish it by
clicking the Publish Idea button.
Matt, I've been using a
Posted by DigiNomad on 23rd of Mar 2023 at 01:35 pm
Matt, I've been using a Heikin Ashi chart setup in TradingView that you sent out a while ago (it might have been months ago). The buy sell indicators are crazy good. Can't figure out exactly how they are constructed, but it works great, so I use it. Thanks.
Could you please share the
Posted by generic on 23rd of Mar 2023 at 01:39 pm
Could you please share the link.
I struggle with trading the
Posted by generic on 23rd of Mar 2023 at 01:46 pm
I struggle with trading the Heikin chart as the bar size in them is different from the real bar size. Any guidance on how to enter/exit would be greatly appreciated.
That depends on your style
Posted by DigiNomad on 23rd of Mar 2023 at 01:55 pm
That depends on your style and trading plan. Are you comfortable trading against the trend or prefer to enter only in the direction of the predominant trend? Etc, etc. I sell credit spreads (both puts and calls). So I'm primarily just looking for shorter term extremes for entries that increase my probability of success. I don't have to be completely right on the direction, but I'm less likely to get whacked if I enter at an extreme.
you do this on a
Posted by generic on 23rd of Mar 2023 at 01:59 pm
you do this on a 3 min chart ? How much $$ do you typically target per contract of this spread ?
Depends on your account size
Posted by DigiNomad on 23rd of Mar 2023 at 02:05 pm
Depends on your account size and other factors. I target around .25% of Net Liq in premium on a given trade, with the intent to take profits when 50% of the premium is decayed. But it depends on my confidence level for that particular day / trading environment. Yesterday, I quadrupled down on 4080 call sale on that initial push up after the print. I normally wouldn't do that, but the situation seemed to call for it.
FWIW - my trade sizing is quite risk averse at .25% of net liq, but it withstood the trial by fire that was 2022. I finished last year solidly positive. The small bets allow for defending positions, when necessary (doubling down, rolling out, etc).
Of course, right after I
Posted by DigiNomad on 23rd of Mar 2023 at 01:59 pm
Of course, right after I post, the system generates one of the few failed trades I've seen in a while. It happens with all systems, but it's guaranteed if I publicly suggest a strategy
DigiNomad - got this message
Posted by craigm on 23rd of Mar 2023 at 02:01 pm
DigiNomad - got this message when i tried to view your chart. I have a free TV account. If others can see it guess that's why I can't. Thoughts?
We can't open this chart layout for you
If you're the owner of this chart layout then you need to log in to be able to see it.
If you wish to see someone else's chart layout, then please ask the owner to enable chart layout sharing, or to publish it by clicking the Publish Idea button.
I am getting the same
Posted by generic on 23rd of Mar 2023 at 02:02 pm
I am getting the same error.
Use the one I posted
Posted by mugsy on 23rd of Mar 2023 at 02:09 pm
Use the one I posted a little while ago
I second that, thank you.
Posted by skwan1940 on 23rd of Mar 2023 at 01:41 pm
I second that, thank you. I'm a returning member who just joined recently, and I searched for Heikin and Matt but couldn't find it on the site.