Great post, we think alike in many areas.Yeah I will.
Ever since I changed from mt4 to ninja trader platform about a year ago,because
I needed what ninja offers.
I find the price action is more clearer with ticks.Also I use hi/low bars. because
its easy to find and draw certain price action,like head and shoulders. So easy to draw and spot bullish and bearish for example using triangles for head and shoulders. You need movement in the market to day trade. So when its quiet tick charts don't print as many.This also helps. When market is quiet usually means a period of indecision or quiet time of the day. That's why I only trade first two and half hours of a open .Same with Dow but I do like the last hour of the dow to trade is my exception. You want the river flowing in your direction to push your trade to the finishing line.
I use 2584 tick chart for interest and alert (to see if we are pivoting or trending) and 89 tick chart for entry and confirmation and to see a good stop level. usually risking 1;3 reward.Only needing to win one in 4 to break even is power if you have a edge. Losing trades is part of the game. You got to pay rent. Nothing in life is free,even this game. I enjoy my losses as much as my wins as they are the same value being a trader.These are fibonacci numbers. Im not a fan boy with them. But hey I got to choose something. The markets only trends 20% of the time. So I trade the other 80% when it pivots (not pivot points) but also trade when its trending.
Also with ninja I have order flow of the contracts traded within each bar.Its like a xray of the battle.You see the sellers and buyers. With forex you dont get this. Makes it harder in my view. Looking for order imbalance and high delta bars. That gives your trade confidence. Also why I needed ninja.Ok dude,rant over.
I'm just wondering if you might be better with a dedicated thread, perhaps in the journals section?