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Hi, I am very much interested in the "cocktail" lolu. I have been trying to put together something simple for 6E. i have j.o.b. and only way to get out of that is to be disciplined and practice on a market that fits my timeframe. I like HG and Jeff's thread here. i like most of my stuff to be in the price panel and know more than 1 indy in a sub-panel. I like quick scalp profits and your ideas on daily goals and management. thanks for sharing.
I do not know what ADX number you are using, but try using ADX = 5 with a threshold of 15 or 20. I use 20. Your entry is the minute it starts turning UP.
I use a 6 range chart with a 5 ADX. I use the ADX_Multicolor indicator, with a 20 threshold. Now instead of using it as a line indicator, I have changed all the lines to HASH with 90 thickness. You then get a lovely clean row of Red, Yellow and Green colours. When it is GREEN - means that it has turned UP, and you can enter a trade if the price actions and other things are in your favour. RED means that it is above the threshold but lossing momentum, and Yellow NO Trade.
The bottom row on the chart is the ADX
For the longest time I could not quantify a "pullback"........now I have. I use the 6 CCI tied to a paint bar study......check it out. So now when someone says "buys the pullbacks" you'll know what to do.
Newbie alert!! What is a CCI tied to a paint bar? is that a custom indicator or a built in NT indicator. Can you please post the template shown in # [B]2318[/B]
I just posted my current template yesterday in the elite area in a thread entitled "Jeffs Template." The indicators that populate the template are either in the elite download area or on the Ninja site......they are listed.
The " CCI tied to a paint bar study" means that the CCI (6) that is overlayed in panel 2 is coloring the price bars on panel 1. The reason that I like CCI(6) is that it helps me identify "good" pullbacks......in which the CCI(6) goes beyond the zeroline then returns to the zeroline singnaling a continuation of a trend.
