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Hi there,
I'm a beginner, I've been paper trading ES future for about 5 months with good results, but then I tried with the real market and I had 12 loosing trade in a row and 6 loosing days in a row...so I went back to the paper account.
I like to use three charts (512-1600-5000 ticks), the MACD and three SMA ( 9-25-100) as a dynamic support and resistance.
The problem is that the three SMA act differently in every chart.
I know this could be a stupid question, but I'm getting confused.
Should I use a proper SMA for each tick chart?
Thanks for reading my question.
Can you help answer these questions from other members on NexusFi?
Not totally understanding what you are asking. Also, on something like this, if you post screen shots guys will have a better handle on what you mean.
If you are saying can I use a ma from a different time frame on my chart the answer is yes. If you wanted to, you couls put the short time frame ma's on a longer term chart and vice versa. Is that what you mean?
DB
ftrebbi
new york, NY
Posts: 3 since Dec 2012
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Hi DB,
thank for your replay...you're right, my post wasn't that clear.
I usually try to trade a pullback using the MA(100) as a resistance in a downtrend ( see the screen shot 512 tick chart) or as support in a uptrande.
The problem is that the MA 100 cross or touch the price at different time in each tick chart and I find this confusing.
I don't know if I should follow the MA100 on the 512tick chart or on the 3200tick chart.
For example, yesterday at 11.36 am, the SMA100 touched the price on the 512 chart but was well above the price in the 3200tick chart. Please check the screen shots.
Hope my question is clear.
Thanks!
wldman
Chicago Illinois USA
Legendary Market Wizard
Experience: Advanced
Broker: IB, ToS
Trading: /ES, US Equities/Options
Frequency: Several times daily
Duration: Hours
Posts: 3,532 since Aug 2011
Thanks Given: 2,065
Thanks Received: 9,555
to do what you are asking is an indicator called visual sma multi time frame. It is available somewhere here on futures.io (formerly BMT)...not sure where. That will allow you to place the sma from one time frame on the chart with a different time frame.
I thionk that will solve the question that you asked. For example you could make the 512 tick 100 per sma a universal dynamic s/r line by using that indie and assigning a notable line style, color or thickness that make it easy to recognize.
Exported using NT Version 7.0.1000.11
Indicator will only run on NT 7.0.1000.4 or later.
The VisualSMA is a MTF (multi-timeframe) version of the Simple Moving Average. It will plot on any chart and allows to calculate the moving average
- from …
Sorry man, that is NT. I am not sure if there is a ToS version.
However, to boil this down to something useful in the context of your confusion, a moving average calculates the average of the closing prices over the last x number of bars. Specifically, if you are using a simple moving average (SMA) with a period of 10, the SMA calculates the average closing price of the last 10 bars. With that in mind if you are looking at 3 different time period charts the SMA calculates the average based on the time period of that chart. Does this make it more clear?
Are you kidding...of course not. You have a great ability of figuring what was really intended and provide the answer to that. I don't necessarily have that ability because i think in a very linear fashion. When I attempt to jump to the end like you did, I invariably make wrong assumptions and provide a wrong answer...It was pounded into my feeble little brain all through my math classes to SHOW YOUR WORK, dummy!
