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I've been trading in a different simulator since Jan 29th 2019. I started using DAS this week as part of the BBT challenge. Im not very good at editing my screen shots, but hopefully I get better as I do these journal entries. Made a mistake putting order in first thing. Trade one: My plan was to go short when it broke below 17.00 with target of 16.00 and stop of 17.25 or go long when it broke above 17.81 with target of 18.60 and stop of 17.60. I got in and added to my position as the price rose (this whole time Andrew was also shorting the stock) I watched the price spike twice to my stop, a stayed in because it would immediately fall back down. Then I covered at 17.35. I SHOULD HAVE STUCK TO MY ORIGINAL STOP. Trade two: I got back in short (should have waited longer, did this as a revenge trade), added to position when it spiked and failed. Took profits several minutes later, I was practicing putting orders in as I did this. Trade three: When I saw it fail to move above the 200 average on the 1 minute, I went short again, the first partial on this trade was a mistake, messing with orders again. The stock slowly fell throughout the rest of the day. . Thanks for taking the time to look, any feedback is welcomed.

Hi folks, here is a copy of the playbook template I discussed in the Feb 14 recap. The file is obviously a sample meant for each individual trader to complete with their own strategies, patterns, and setups. https://drive.google.com/a/bearbulltraders.com/file/d/1bmu3XzT_KtzTfya2Fo7Uqc7DZG_N7q-B/view?usp=sharing Please download a local copy as .xlsx

I'm making this post here for the benefit of new people to the community, and so that they better understand the difference between "Books" when it comes to U.S. Equities... https://www.investopedia.com/terms/e/ecn.asp An ECN is a place where buyers/sellers meet - the orders you see in the ECN are the "book". Thing is, for U.S. equities, there are multiples different ECN, and hence multiple books. If you ever hear about algo's doing arbitrage, they are exploiting price differences between different ECNs. Examples of ECN's include ARCA, BATS, IEX, etc. You'll notice in DAS when you are sending orders, you can send orders directly to an ECN since DAS is lets you do direct access routing - that is direct access directly to an ECN you specify. Or, if you're with IB and you use SMRT routing, that's IB's smart routing algo, which automatically determines what ECN to send your order to. When your order is sent to an ECN, then ECN first tries to execute your order within that ECN - if you're buying shares, it tries to match you with a seller on that ECN or if you're selling shares it tries to match you with a buyer on that ECN. If it can't do that, then the ECN may route your order to a market maker, which takes additional execution time. See https://speedtrader.com/order-routing-and-how-it-affects-your-trading/ for more info. Now that you understand what books are you can understand what you see on your DAS L2 montage. The DAS Elite package includes: Elite (Includes access to iPhone/Android Interfaces): Totalview, Options Level 2, OTC Markets Level 2, ARCA Book, IEX Deep, Imbalance, Forex, and e-Mini Level 1 Or, decoded for U.S. Equities, that is NASDAQ Totalview, NYSE/ARCA, and IEX Deep books. But keep in mind that these are not ALL the books on which U.S. equities are traded! If you're familiar with Bookmap, which I highly recommend and is a L2 visualization/histogram software, Bookmap has a different data provider for U.S. Equities than DAS. Bookmap uses Dxfeed, which includes NASDAQ Totalview and the EDGX/BATS Books. As a result, if you're using DAS and Bookmap side by side looking at a ticker, sometimes you'll see liquidity in DAS that you don't see in Bookmap, and other times you'll see liquidity in Bookmap that you don't see in DAS - and that's because due to data provider differences you're looking at different, but totally valid, books! Both books are correct. It would be nice to have ALL the books for U.S. equities in one program, but sadly that's just not the case.

All, I read an interesting thing yesterday, claiming that 66% of AMD's 5-Min ORB strategies work, which was apparently backtested over a number of months (and this 'news' item was several months old). I was skeptical to say the least. However, I decided to test the theory out myself, especially since AMD is in play quite often. It took a bit of work in Excel, and in historical charting software, and I stuck to the following rules & assumptions: SL set just beyond VWAP 25% partial at all R's, SL set at B/E after first R (Tested on 25% at R1, and then 50% at R2+, but it's less profitable in this instance) Based on 0.004 p/s commission structure, with $0.50 minimum per ticket ECN fees are *NOT* included I also only managed to do only 3 and a half weeks of back-testing before my conclusions were becoming a bit clearer. Here is the sheet for your reference (and if you wish to back-test stocks yourself). You can also customize your Risk Amount, and partial % factors. Summary Conclusion: Yes, indeed it does appear you get get 65-65% success rate on a 5-min ORB, at least on AMD. However, the returns based on the above assumptions and strictly sticking by the rules, are quite low. There are a couple of really nice days, but by and large the positive days are just meh. While many may not find value in this, I did want to verify the claim myself and after the work I put into it, felt it may be nice to share for other people's reference. Happy to receive any feedback. Thank You.

2020-6-25 Came back after traveling since last Thursday. Got a good night rest and was ready to go ! And then over-traded the heck out of it... Take-aways from today... Don’t Chase Don’t go against the trend Confirm pattern on multiple time frames Minimum Risk to Reward 3:1 (?) Pushing trades, quit… Reversal, should go towards VWAP… Look for the flip side, should we reverse ? Will practice in replay again tonight...looking forward to tomorrow...

Very interesting Chris thank you for the feed back. I Definitely need to experiment with MA's a little more. Was getting a little distracted with having too much on my screen so tried to cut back a bit and really focus on price action / LVL 2. But once i am more comfortable I will definitely get those back in there and take a deeper look. Played around with the 9MA on 5min for a few of my trade reviews today and can see what you mean about the over extension and pull back., thanks for bringing it to my attention!!

Wednesday SIM +2.4R Felt good about my trades today, let's see if I still feel that way after this review. TMUS 1MinOrbDown -1.1R This was a bad trade for a couple reasons, it opened too far from VWAP, and the first candle had a big wick down. I was biased because of the bog drop after news halt early in premarket. I didn't let the chart and price action speak to me, I was just looking for a spot to go short. DELL 1MinOrbDown +1.4R Good trade, second candle tried to move up and couldn't even get back to half way point of first candle. it also lost PML. My R:R criteria was not 3:1 to next level. I had a daily level at 1:1. It met the rest of my criteria though, I was fortunate this trade kept falling for me. PLUG 1MinOrbUp +0.3R This was a questionable entry. the fourth candle wicked down, when the 5th wicked down and started coming back up, I entered long. No follow through. PTON 5MinOrbUp +0.2R I was happy with this entry, no follow through. RCL 5MinOrbDown +1.5R This one was picture perfect, ABCD on the 1 min chart, 2 wicks up on first two 5 min candles. was able to get an add at break of daily level. Still happy with my trading today. I also accomplished the goal from yesterday, just traded my 3 setups.

The full file (txt format not DAS native htk file) is in the chat room drive as below and yes the layout is there as well.