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@ cunparis so what your looking for in a trade set up is where the long range chart direction is heading, the dots are not a must on the 11 range nor the macd they are just added things to look at,basically you want the 11 range to say the trend is this direction,then start looking at your 4 range for trades in the same direction...7 zero lag,bar colors,eco2 has to be away from the zero line...and look for some dots,then start watching your jt stat on the 11 r and the 4 r for both to be the same color after the dots already appear, the 22 ema 22 zero lag is not a must to have already changed because its slower than the 7 zerolag its just something to look at for a med range trend,just make short scalps in the direction of the long range trend,and say you in a long and the 4 range jt stats starts changing even alittle then start looking to exit fast, just my rules are a overall trading method but dont tie your hands with rules,my rules are just a overall bigger picture to look at it doesnt mean every indicator has to agree with each other. remember no such thing as a perfect entry,even a picture perfect entry can go bad on you.i hope this helps alittle...sharky
and also if you take the macd same settings and put them on a one min chart make them like size 600 or bigger and scrunch the window down they make for a nice 2nd oppinion along with the jt stat to look at for exits and entries as long as everthing else concers...sharky
Excellent Sharky, thank you very much for the clarifications. I think you've done a great job sharing your ideas and your tools, now it's up to us to practice practice practice! I saw in the chatroom that some other traders are having success so I must do what it takes to join them.
here is a new cci with arrows its default is 14 i have mine on 65 and you can go into the script and play around with different settings default is +100 -100 been trying +75 -75 and many more settings so play around with different settings and please post your results i need feedback. right now with +100 - 100 and a 65 setting im getting good entries they are the magenta and lime arrows in the boxes with the long blue arrow line... thanks systrader for helping me out again...sharky
yes i know thats how its suppose to be i just changed my up arrow to magenta so i dont get them confused with other arrows on my chart in my panal 2 is the eco new 2 ...sharky
Sharky in above quote you said your method is to look for consolidation period break up or break down. I like this type of simple method. Your more recent posts are confusing me though because you keep adding more and more stuff to them. I am new here But if it ain't broke why fix it. I mean what was wrong with the original method.
I would like to see you talk about trade management because I firmly believe money is made and lost in how you elect to manage the trade or if you elect to allow the market to control you. i think the indicator is less of a factor. You appear to be a good trader so I look forward to as many posts and conversations about management as what has already been shared here about indicators. People put too much weight on them.
