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My 6E trading strategy


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My 6E trading strategy

  #631 (permalink)
 
trendisyourfriend's Avatar
 trendisyourfriend 
Quebec Canada
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A setup on the ES a few minutes ago.

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  #632 (permalink)
 
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 trendisyourfriend 
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Setup on the RUSSELL, same time as the ES but with a different look. The black dots on the 1508 represent the zigzag with a span of 2. I am also using the PriceActionSwing with a Swing size of 2 using the Standard Swing type to display the length of the swing but it also shows smaller swings. I am using both as the zigzag UTC is bugged but i still want to see what Charles is seeing as this is the version he uses.

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  #633 (permalink)
 futuretrader 
Como Italy
 
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trendisyourfriend View Post
I am using both as the zigzag UTC is bugged....

Do you mean the 'bug' when it is set to CalculateOnBarClose = false, and it doesn't deal with outside bars well?

Or something else?

Thanks for posting the charts on other instruments.

  #634 (permalink)
 
trendisyourfriend's Avatar
 trendisyourfriend 
Quebec Canada
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futuretrader View Post
Do you mean the 'bug' when it is set to CalculateOnBarClose = false, and it doesn't deal with outside bars well?

Or something else?

Thanks for posting the charts on other instruments.

I am not sure. All i can say is some HH or LL are not drawn correctly or are just missing so i need to use my brain to evaluate HH HL LL HL. Sometimes i consider a HH is made but it is not drawn by the indicator. This is another small example how dumb a computer can be at times. I prefer to trust my mind. It keeps me engage in the action.

  #635 (permalink)
 
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 monpere 
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trendisyourfriend View Post
I am not sure. All i can say is some HH or LL are not drawn correctly or are just missing so i need to use my brain to evaluate HH HL LL HL. Sometimes i consider a HH is made but it is not drawn by the indicator. This is another small example how dumb a computer can be at times. I prefer to trust my mind. It keeps me engage in the action.

You know what they say, the problem is not with the computer, it is between the computer and the chair

  #636 (permalink)
 
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 trendisyourfriend 
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monpere View Post
You know what they say, the problem is not with the computer, it is between the computer and the chair

Yes i agree but in this case the problem is with the indicator which is not reliable. I have some ideas for a reliable zigzag indicator but i don't have any inclination for coding it or asking someone to do it.

  #637 (permalink)
 SeeTrader 
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wireford View Post
Seetrader-
Try the standard one in the NT indicator list.


I removed the tickcounter2 and tried the the standard one and still nothing. I'll have to contact NT support I guess.

Thanks

  #638 (permalink)
 futuretrader 
Como Italy
 
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trendisyourfriend View Post
I am not sure. All i can say is some HH or LL are not drawn correctly or are just missing so i need to use my brain to evaluate HH HL LL HL. Sometimes i consider a HH is made but it is not drawn by the indicator. This is another small example how dumb a computer can be at times. I prefer to trust my mind. It keeps me engage in the action.

Yes, I know what you mean. I've been thinking of trying to improve this one, but really they all have their defects, and at the moment I don't feel like putting energy into coding.

One of the things I like about having such an indicator, though, is precisely that I no longer have to evaluate every twist and turn of price to decide whether it's major or minor, at least on the slower chart. But it doesn't work so cleanly on CL!

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  #639 (permalink)
 
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 forrestang 
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forrestang View Post
Looking to pay more attention to that 50 on the 1508, good things happen there if price stops right near that level within a few tics.

Also with trades that come back to the 13 on the 377...... I'm finding I would prefer to ONLY take those trades if a DT/DB is present with a divergence of some kind.

So my plan was to ONLY take trades that present some type of divergence on the 377 tic chart. No matter if that was a pullback to the 13 OR the 50 EMA on the 1508.

It's been a bit slow, and haven't seen very many setups. But today there where two of them, and I just happened to not be around when they happened.

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  #640 (permalink)
 
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 monpere 
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trendisyourfriend View Post
Yes i agree but in this case the problem is with the indicator which is not reliable. I have some ideas for a reliable zigzag indicator but i don't have any inclination for coding it or asking someone to do it.

Has anyone looked a the code for both? It may not be a bug, but just that each indicator is using a different criteria or method to determine the swing points.

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Last Updated on October 5, 2011


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