NQ & GC turning points (2020-01-16)

Kube777MarketOrders indicator for NinjaTrader 8 shows you BUY & SELL areas precisely every day. Just choose your favorite futures market.

How to trade Double Bottoms with Kube777MarketOrdersNT8

Three screens with almost identical situation:

Sellers are absorbed by Limit-Buy orders while price is testing previous intraday Low. Nice opportunity to buy some contracts.

What is NEW in Kube777MarketOrders [v2.3]

It is just a minor update:

Bid & Ask circles’ positioning has been slightly modified – if you use classic candles you can see Sellers on the left (Bid side) and Buyers ont the right (Ask side) side of candle’s body. 

See the screen below:

Friday’s CrudeOil trades

Two long trades from H1 support

 

Typical UP trend signs

  • massive buying on each new High
  • absorption of selling activity during corrections

How to use Market Orders and Value Area indicators

Have you ever heard someone saying: “The majority of traders buy new highs and sell new lows. Therefore you should do the exact opposite”?

That is true.

I agree that one picture says more then thousand words, so check the screens with description…

 

This is the older one with now obsolete NinjaTrader 7 version. But the description is still valid…

  1. Up trend setting up on 40tick and 1 minute chart
  2. Up trend setting up on 10second chart
  1. Failed breakout of session high
  2. Catching a top of short trend correction

Commented situations below…

Sellers and buyers trapped on swings High/Low

Risk Disclosure :

Futures and forex trading contains substantial risk and is not for every investor. An investor could potentially lose all or more than the initial investment. Risk capital is money that can be lost without jeopardizing ones’ financial security or life style. Only risk capital should be used for trading and only those with sufficient risk capital should consider trading. Past performance is not necessarily indicative of future results.

Hypothetical Performance Disclosure:

Hypothetical performance results have many inherent limitations, some of which are described below. no representation is being made that any account will or is likely to achieve profits or losses similar to those shown; in fact, there are frequently sharp differences between hypothetical performance results and the actual results subsequently achieved by any particular trading program. One of the limitations of hypothetical performance results is that they are generally prepared with the benefit of hindsight. In addition, hypothetical trading does not involve financial risk, and no hypothetical trading record can completely account for the impact of financial risk of actual trading. for example, the ability to withstand losses or to adhere to a particular trading program in spite of trading losses are material points which can also adversely affect actual trading results. There are numerous other factors related to the markets in general or to the implementation of any specific trading program which cannot be fully accounted for in the preparation of hypothetical performance results and all which can adversely affect trading results.

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