Mark’s 12/15/16 ES trade

I have been working with the new OFA toolset within NT8.  I’m feeling pretty good about how I have the settings dialed in for the ES.  I hope that you all are patient with yourselves as it takes a while and it is a process to build new charts, experiment with settings and do the analysis to find what settings best reveal the auction.  I didn’t think that it was possible to be able to read the market any better, but then DB went ahead and proved me wrong.

This video is from the ES today, 12/15/16.  It was a good trading day and I am continually amazed by the revelations that this new OFA release provides.  In fact, I had to laugh when towards the end of my trade, I realized that NT8 opened up with the December contract instead of March.  It turned out to be a great thing because not only was I able to get a great trade, the lower volume in the December contract provided an “ah-ha” moment for me as I realized the adjustments to my settings that I will need to make tomorrow when I am trading the March, 2017 contract.  Many great discoveries were actually serendipitous accidents, and this was one of them for me.

In this video, I show you how I’ve tweaked some of my OFA settings for the ES, and why.  Specifically, the cluster percentage for my structure chart and the use of the “synthetic” option and block quantity for my print chart. Together, they provide a powerful view into the auction and where opportunities, risks and targets may be.

I will be posting more videos as I see opportunities to explain and teach.  My goal is to simply provide another view and explain how I am using OFA to find opportunities, determine risk/reward and sometimes, when to sit on my hands.  Take care and have a great day trading!

Mark

 

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