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Alastair

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Posts posted by Alastair

  1. Posted

    Thanks for the above response.   Another question for @Justin or @KyleK29 on pre-market trading.    Missing too many great opps in pre-market, time to start trading it.

    As per normal, my broker only accepts LIMIT orders with TIF set to DAY in pre-market.  To minimize buttons in montage  I would like to use the default XL Sheet scripts BUY / SELL in pre-market. as they are already on montage.

    I am assuming the TRIGGER order part of script will just reject and allow the BUY order part to go through ? Will close the trade with normal scale out LIMIT orders from XL sheet also 10% to 100% scripts ? With a profit or loss.

    Is my interpretation correct ?

    No more additional buttons required.

     

     

     

     

  2. Posted

    Generally u have the major criteria correct.  Sometimes u see the turn sometimes u do not. And it comes with time, chart time under ur belt.

    1. A level, significant  one

    2. Exhaustive or climatic volume compared to previous candles

    3. Candle Pattern, Doji, Hammer, Engulfing, Harami

    4. Break of high or the previous pattern in 3 above

    5. Time / Sales - orders hitting the ASK, usually green.  Tape speeding up

    6. Montage - BIDS stacking, ASK lifting, ASK thinner than BIDS

    • Like 1

  4. Posted · Edited by Alastair

    1 hour ago, Ishyster said:

    I checked out both scripts and they seem the exact same other than for the ;CXL ALLSYMB at the beginning like you said. Why would you not want to cancel the original stop loss orders though with the CXL ALLSYMB at the beginning of the script? If you take it off what happens when you add to your position since the add script has a stop loss order , but no cancel of the original one? Will you now have 2 stop loss orders?

     

    Ok wht I am assuming (need clarification/confirmation) is if I add CXL ALLSYMB to my BUY button (the first position) is put on with no problem as I had no orders.....the CXL ALLSYMB does nothing, has no effect.  This position has a STOP based on where I double clicked.  OK,  then next.........

    the market moves in my direction, I'm in profit, I see a potential add setup........I double click my stop price on chart then click same BUY button........the CXL ALLSYMB clears the 1st STOP.......and calculates shares and and BUYS then Trigger order puts in a STOP for both POS.........(I am assuming POS is a system value meaning the whole position)   ..........  which is TOTAL size of both BUY orders.  Basically this is "moving" the stop on 1st position as I double clicked above the entry price of 1st BUY order, which technically is in profit..........and only now have one R risk on, which is the 2nd BUY.  This is what I am trying to confirm.  Hopefully someone like @Justin or @KyleK29 can confirm.....or say i am typing rubbish. 

    1 hour ago, Ishyster said:

    Something I've notice also, some scripts start with ;CXL ALLSYMB while others start with CXL ALLSYMB. I didn't know if this was a typo error or if that is the way its supposed to be. Should the ; actually be in front of the CXL ALLSYMB command?

     

    I believe the " ;  "  at the beginning of script has no effect.  Willing to be corrected as I am not the subject matter expert (SME) on this topic.  But I have not seen any difference in the trades I have put on in the past.  I actually just removed them from the beginning  of my scripts 10 mins ago trying to be neat. 😕  So will start tomorrow real slow unless the experts say otherwise.

     

  5. Posted

    @kyleK29  U know I am just realizing that ur XL sheet BUY script is a very good script to ADD for a 2nd position, 3rd position to the Nth position also. All u need to do is add ;CXL ALLSYMB; to the at the beginning. So one single button can be 1st BUY and the Nth BUY.

    The STOP would be moved for the full position, i.e. including the 1st BUY, to the value u double clicked on for the 2nd BUY, the stop price.  U do not need a dedicated ADD unless u need a different risk amt  or  percentage.   

    Basically I can do this for my SSR Shrt and SELL scripts too.  It would reduce the number of buttons I have. All my positions would be the same risk which is fine for me.  This would eliminate 3 buttons for me, which I like, less buttons less confusion/errors.

    Am I correct ? 

     

     

  8. Posted

    1 hour ago, Ram Ayyagari said:

    You may increase the trendline limit on your platform. At the top of the

    platform go to Set up> Trade setting and look to the bottom to see the

    option to update

    Ram, thks. 

    Do u know if it has a max limit now ?  Can we enter any amt now ? Like all 9999999999's LOL.

    I saw tht screen while @KyleK29 was sharing his screen, but I had already reverted to the old version.

    Was thinking abt "re-upgrading" to 5.6 over week-end but need to know the max Global Trend lines limit.  I neva delete my levels as they do not change once u have the correct level its a permanent level.

    may have to reach out to DAS support if u dont know the answer.

    again thks.

     

     

  9. Posted

    1 hour ago, Julien Maisan said:

    Hi Christopher,

     

    I don't know if you tried the scripts I posted above but they work pretty well.

     

    Let me know if you have any issue with them.

    This looks great.......currently I add a percentage when the trade is in my direction, guessing/calc in my head.  So this would stream line my percent adding I assume.

    Where do u suggest to double click to set the stop ?

  16. Posted

    2 hours ago, fintan777 said:

    (possibly Barbados)

    Hey,

    Lived in Barbados for 9+ yrs. Generally, u should have no probs trading from Barbados as they have great telecoms firms/infrastructure.  It will depend on the hotel/accommodation u stay  at and the Internet connection they provide.  Bigger hotels will have better and some AirBNBs can provide/upgrade connection packages from local ISP on request.

    Have been away from island for some years. While in Barbados was part of team that setup Bank of Montreal offshore trading floor, not sure if they still use it as it was years ago when SUN Microsystems was the hot computer systems. of the day. So capabilities exists from those days.

    Should be a blast.

     

  17. Posted · Edited by Alastair

    Since u asked directly.

    If it appeals to ur eyes and mind, YES learn it in SIM and master it b4 going live . Could take u 6 - 8 mths of daily screen time.

    With ORB u need to understand....

    1. Levels.....premarket and higher levels.....

    2. Tape reading....L2 and T & S.............

    3. Candle stick patterns .....read patterns on D, 60M, 15M, 5M, 1M.  If u can see a 10 sec or 15sec chart tht can be helpful to an advanced trader.

    4. Risk Management.....

    5.  Hotkeys........makes u faster and reduces the stress

     

    • Like 1

  18. Posted

    On 12/21/2020 at 11:42 AM, MattfromNZ said:

    I'm still wondering if paying for the membership was a good idea or not.

    LTM is the best option as u have done.  U get out wht u put in, I suggest the following :

    1. Ask questions in CHAT and FORUM.....over and over if u dont understand

    2. Search FORUM for ur topics of interest ..... I do it everyday and I have been trading for yrs.....learn something new or re-enforce something every time

    3. Learn ur trading platform inside out......

    4. Manage RISK.....this will save u for the long term

    Welcome and Good luck 

    • Like 1

  23. Posted

    100% YES.   This is similar to what I have done.  I am a swing trader, but joined BBT to learn scalping in equities.  However I use top down analysis ..........from Monthly to 1 minute timeframes.  This allows me to see potential upcoming BIG swings but scalp into AND add on pull backs as the big swing plays out.

    This process will also help with intra-day swings also and capture 25R to 30Rs per trade.  Tighter stops bigger profits once u find the right entry levels and add (scale in and scale out) as the price moves toward the big picture target.

    • Thanks 1

  25. Posted

    No other services.  Alot depends on ur trader personality.  BBT provides nearly 100% of what you need,  T.I. Scanners, BENZINGA news / Squawk, Mental support etc.  Listen to the moderators in chat, ask questions here and chat room, test different methods and the process....LEARN ur trading platform inside out....DAS, and u will grow slowly.  It will feel like drinking from a fire hose, but work through it. 

     

     

    • Thanks 1
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