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Sharky's zn classroom
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Sharky's zn classroom

  #11 (permalink)
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Peter's Avatar
 
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Thanks,
I was already afraid you were going to say something like that. Taking the best educated guesses based on many hrs of watching the ZN. That is undoubtedly the screen time I have to build.

But in the next post you may have named the crux (is this English?)or the essential point of what is probably my biggest problem..... overthinking

I have foremost an analytical way of thinking (scientist background). In trading I really tend to over-analyze.... and miss opportunities.
At some point you have to take the risk, and take the plunge based on gut feeling. But that conflicts with the urge to comply to the rules of seeing all indicators flashing entry.
But I now get to issues that belong in another section of the forum.

Thanks for the answer ... indeed ... I should put a sign above my computer .. Don't overthink.

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  #12 (permalink)
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Peter, we are much alike in that regard.

I hope Sharky doesn't mind me following up your last post in his thread....

It is important to have your rules laid out in front of you ahead of time, so that you don't hesitate during the first few seconds of a trade and end up missing it because you were over analyzing it.



What you need to do is know exactly what action you are going to take IF the market does something specific. You don't want to predict, you want to anticipate...

Like you, I am scientific in my approach. I want something clearly defined, I am not good at "if the market is long, then only go long". I need something more specific (which is why I use EOT's Allas Avg). What you and I have to be careful of is that if you get too specific you wind up having far too many rules, too many "particulars", and that creates confusion which will lead to missing trades... or worse, entering a bad trade and then later justifying your rules to be valid (which you did not follow on that trade) because you have a rule for everything, so many rules in fact it is impossible to follow them.

I wonder, do you use a trading journal to log your trades? If so, have you noticed any patterns?

Mike

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  #13 (permalink)
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yes and if you trade like i do then you have to force yourself not to always pull the trigger because "YOU THINK " something is about to happen its hard i know trust me i know i had to fight with myself so many times to stop trying to perdict what was going to happen and just look at everything and understand what probally was going to happen and what was happining right now...sharky

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  #14 (permalink)
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and i welcome anyone to give good sound advise or even to give a rebutle to anything i say it helps me learn also im not the best trader out there and i learn everyday something new thanks...sharky

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  #15 (permalink)
Trade with the flow
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Thanks Sharky for starting this thread and for sharing your method. I'm having a bit of trouble getting the charts set up. I first downloaded all the indicators from the download section. I'm not sure I have exactly the same ones as you because yours have slightly different names but I the parameters were the same so I think it's close.

Next I created all the indicators with the settings you have posted in your screenshots. What's odd is you have more indicators in your list than what you showed in each screen shot.

I then compared my charts with yours and of course they're different and I have no idea why. I see on your charts that your settings are not the same as the ones in your screen shots. You have 4 different DMA in your indicator list but it seems you only use two.

Finally, I can't get the white dots to show up which I believe is what shows congestion. I don't know which indicator does that.

If you could upload a chart template that would make it much easier. But even then I'm not sure it'd work if we have slightly different indicator names.

I don't know if it's possible for you but I think the best thing to do is to make a video and add the indicators one at a time and we can see the entire setup. This may be too much to ask as it's probably time consuming.

I'm not sure where to go next..

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  #16 (permalink)
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video

ok i will make a video in the next few days if i have a chance...sharky

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  #17 (permalink)
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I thought I'd post an update. I found two other threads from Sharky, here is the second one:

https://futures.io/journals-daily-charts/164-sharkys-updated-charts-indicators-3.html

in those threads he had a lot less indicators and it's easier to add them one at a time and play around with them. I finally got something close but not exact. In chatting with Sharky i'm not sure it's important to get the exact same chart, I think it's more important to learn how to trade it and adjust the indicators to your own style.

I'm going to monitor these charts & indicators this week and see how it goes. I'll be doing this in between my normal ES trading.


Last edited by cunparis; July 4th, 2009 at 01:56 AM. Reason: Removed template so people can use sharky's (link in next post)
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  #18 (permalink)
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Here are the links to Sharky's templates he uploaded on the the 1st July.
11 Range Chart: Downloads - Big Mike Trading Forum
4 Range Chart: Downloads - Big Mike Trading Forum
They are in the downloads section: Ninjatrader:Misc

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  #19 (permalink)
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Did you post a couple of templates for your 11 and 4 Range Charts......I could not find them later....

thanks

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  #20 (permalink)
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Just click on the links above.

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