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My 6E trading strategy
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My 6E trading strategy

  #401 (permalink)
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supermht View Post
here

Curious as my settings is different, see picture.

Can you post a link to the version you are using ?

Attached Thumbnails
My 6E trading strategy-priceactionswing.jpg  
 
  #402 (permalink)
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yep yep

Downloads - NinjaTrader 7 Indicators - Big Mike's Trading Forum

 
  #403 (permalink)
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Any trades since the New York open today?

 
  #404 (permalink)
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trendisyourfriend View Post
Curious as my settings is different, see picture.

Can you post a link to the version you are using ?

you're using the old version that included psar and zig zag utc swing calculation.

the new version has standard and gann swing calculations, no more psar and zig zag.

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  #405 (permalink)
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How do you delete the old indicator because newer version wont import unless old one is removed

 
  #406 (permalink)
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masood chughtai View Post
How do you delete the old indicator because newer version wont import unless old one is removed

tools, edit ninja script, indicator, select price action swing, and delete.

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  #407 (permalink)
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ZigZag indicator

Traders,

i just got back and I see a lot of discussion about which ZigZag indicator to use

this is the one I use and what is shown throughout this thread on my post

ZigZagUTC.zip

Charles

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  #408 (permalink)
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question about establishing tick chart values...

Charles - you mentioned in this thread that it took quite a bit of time to settle on the appropriate tick values for the 6E using your method - I believe you thought these values were very important for the system to work.

I wonder if you remember some of the characteristics of the charts using tick values you settled on - sort of the "rules of thumb" that you used to guide you towards the values you use (1508 and 377). I imagine that you experimented until you found values that seemed to fit the "rhythm" of the contract and also corresponded to values that you knew other traders' used. If you remember anything else about this process that might be helpful, please let me know. I'm watching some other markets and playing with different tick settings to find ones that work.

It does seem to me that the 6E is perhaps uniquely suited to this trading method because it seems to trend steadily but with a great deal of pullbacks. To me, the 6E has always seemed to move in fits and starts - it trends but with a larger degree of countertrend movement than other contracts I watch. The tick charts and fixed targets with the trailing stop rules allow you to stay in trades for longer than you might watching minute charts (that's my impression at least). Other markets (say CL for instance) seem to trend in moves without the pullbacks the 6E generates. When I traded the 6E using my own methodology and minute charts I would get shaken out of moves in the 6E quite often.

thanks again.

surly

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  #409 (permalink)
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Surly View Post
Charles - you mentioned in this thread that it took quite a bit of time to settle on the appropriate tick values for the 6E using your method - I believe you thought these values were very important for the system to work.

I wonder if you remember some of the characteristics of the charts using tick values you settled on - sort of the "rules of thumb" that you used to guide you towards the values you use (1508 and 377). I imagine that you experimented until you found values that seemed to fit the "rhythm" of the contract and also corresponded to values that you knew other traders' used. If you remember anything else about this process that might be helpful, please let me know. I'm watching some other markets and playing with different tick settings to find ones that work.

It does seem to me that the 6E is perhaps uniquely suited to this trading method because it seems to trend steadily but with a great deal of pullbacks. To me, the 6E has always seemed to move in fits and starts - it trends but with a larger degree of countertrend movement than other contracts I watch. The tick charts and fixed targets with the trailing stop rules allow you to stay in trades for longer than you might watching minute charts (that's my impression at least). Other markets (say CL for instance) seem to trend in moves without the pullbacks the 6E generates. When I traded the 6E using my own methodology and minute charts I would get shaken out of moves in the 6E quite often.

thanks again.

surly

these are very good points you ask --

It did indeed take a long time to settle in with these charts. what i wanted to see was trends with tradable pullbacks to get in. I cant make money selling highs and buying lows, there are a lot of traders that love trading channels but that style does not fit my personality.

In searching for the right times and why i settled on these is that I know a lot of traders use the 233,377,510 tick time frames to day trade as these are all fib #'s. I settled on the 377 because I felt it offered the best trade setups with a moderate amount of risk. The 233 was too fast it might be better for scalping but thats not what I do, the 510 tick was smoother but was too much risk on the entries

I do not recommend using minute based charts. the big money does not trade because a 3minute bar closed they trade price levels. Many times by the time a 3 minute candle closes your risk can be 20 + ticks.


As far as the 1508 chart i have always heard that you should use at least 2 time frames to trade and the 2nd time frame should be 3-4 times higher than the trading chart. hence the 1508 is 4 times the 377

Charles

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  #410 (permalink)
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Charles,

This has been a very interesting thread to follow, although I do get a little rattled with some of the conditions.

I noticed you indicated you had one or more trades today.

Any chance you could indicate to us the entry and exits so that we may follow through with the charts?

Any chance you could video one of your set ups (trades) so we can follow through your process?

Thankyou..

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