Yes, for the purpose of the prop eval account, I am using -25 ticks as the max loss. So if the low of the day is 40 ticks below the entry, my stop loss will be 25 ticks below the entry. If the low of the day were 14 ticks below the entry, then the ...

Call me Vidvad - I day trade futures

+50 tick HOLO long target hit. Again,. I exited early because of the inability of consecutive M5 candles to remain above last week's low. You just don't know how or when or even IF price is going to fight its way through pivotal areas to hit your ...

Call me Vidvad - I day trade futures

The blue line is yesterday's low, and NQ did indeed rally to test that breakout level. image Because of the way renko and Heiken-Ashi are constructed, it appears that price tested but fell short of yesterday's low. However, we know from the data as ...

Call me Vidvad - I day trade futures

CL 821 Chart image CL HOLO Chart image I exited with a market order on Tradovate. I added a second contract when the 10:50 M5 candle broke the high of the 10:45 M5 candle. My total profit for the 1st day of HOLO evaluation is $310.32. You can see ...

Call me Vidvad - I day trade futures

image

Call me Vidvad - I day trade futures

CL is still in breakout mode. I moved my stop to +1. Price is fighting at yesterday's low as aI type. I will take the money and run if the bulls fumble at last week's low.

Call me Vidvad - I day trade futures

Quite a pull back and no continuation UP attempt? Back to test that swing resistance level. I don't want to develop any bad habits on a practice day, so I am done with the NQ for today. image I would think that NQ would rally and test Friday's low ...

Call me Vidvad - I day trade futures

Given that it is rollover I waited for something very clear. I bought the break above the consolidation and kept buying. +60 tick target on the average long was filled. image

Call me Vidvad - I day trade futures

Current HOLO hourly chart with buy stop at the current lowest hourly open. image The M5 821 chart shows how strong and persistent the selling has been thus far. image

Call me Vidvad - I day trade futures

First HOLO long was -19 ticks. Now there is a new lowest open at $77.18 and price is testing lower. So I have a buy stop at 77.18. If this trade triggers, it will be the last HOLO trade of the day for me no matter the result. Here is how it looks on ...

Call me Vidvad - I day trade futures

Long CL HOLO trade as it appears on the Tradovate platform image

Call me Vidvad - I day trade futures

Today is futures roll date so will now be trading the NQ June contract and not the March contract. There appears to be no news today to act as a catalyst for a sustained move, though we do look to have a gap down open at 9:30 AM. I will probably ...

Call me Vidvad - I day trade futures

The yellow dotted lines show the level of the current HOLO levels. The situation is complicated by the fact that Friday's low and Last week's low are right at where the current trading range's low is. Buying when price comes back up through the ...

Call me Vidvad - I day trade futures

They did indeed worry about his over trading. If you ever have a chance to read the book you will see he and the owners were constantly "negotiating" over his desire for ever increasing buying power.

Call me Vidvad - I day trade futures

Yes, because it is based on the highest hourly open and lowest hourly open. However, I do not wait for an hourly candle to close before entering. For example, if price drops below today's lowest hourly open which is currently 77.33, I will place a ...

Call me Vidvad - I day trade futures

image image I read and re-read the first 82 pages of this book. I'll never trade in the style used by Navinder Sarao. However, his story shows what is possible if you master your emotions and your methodology.

Call me Vidvad - I day trade futures

In this case, that short would have been a -40 tick loss. Then we did get a long, breakout from the trading range, for +60 ticks. I shaded the area between the swing resistance (dashed red line) and the swing support (dashed blue line); these S/R ...

Call me Vidvad - I day trade futures

Here is something else I did that helped me immensely. I did this sometime around the end of July/beginning of August of 2022, so about two months after I started trying to learn this method with the renko Heiken-Ashi candles. I did it again for two ...

Call me Vidvad - I day trade futures

I'd like to see a chart that marks your entries. It would probably be more helpful to you if I could remark on the etries you are making that you find problematic rather than having me trying to imagine where and when you are having difficulties. ...

Call me Vidvad - I day trade futures

This is the hourly CL chart on Tradovate, which is the platform on which I will be placing the CL trades. image This is the CL hourly chart I've been using and will continue to use to track set ups and manage stops, etc. This is Ninjatrader. ...

Call me Vidvad - I day trade futures