As mentioned, I am not yet trading the NQ, but may soon. It's up you you to try different charts, first backtesting, then demo.
The CCI and MACD help in identifying direction trade should be taken. To go against them will get you in more losing trades. Avoiding those trades that are not in agreement with these indicators will avoid most losers.
My entries have been well defined. Once you look at enough charts, you will see which entry is best. Usually the BB entry is best, if available, then often the 2nd red or green candlestick bar, then either the count back method or the 1st red or green CCI bar, or the continuation trade where the CCI bar, which had been under 45 exceeds 45 again, which would be a new long entry. You never know which entry will be best on any trade until the setup is complete. These have been explained in more detail in charts and written before. I hope this helps. I need to get some sleep so as to trade in AM. Good trading.
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I was reading through your setups and as pleased to see the setups. Do you use CCI that comes with the plateform or you use custom made one? If you have custom made can i get that please?
2>> Can I get templet also?
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I use the ones that have proven to be the best over time, first backtesting for hours and hours, then demo till success, then live.
Your platform may not look the same mine, as my charts are TradeStation....best I have found. I will include another look from DT Pro at Danials Trading soon.
Hope this helps. It works for me. Good trading.
Last edited by ESFXtrader; September 12th, 2011 at 03:01 AM.
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If I may ask based on your chart that you posted, what determines your entry and set up.
Also may I ask what your stop is or is it based on a candle.
You also mentioned Danials Trading is that a trade room.
This is another screen shot from Daniels Trading. One can trade from the DOM or charts. They will extend the demo trial if asked.
You will see that with one click of the mouse that any trading group with chart is available and the DOM and chart is easily linked to the lists. It can be set up in many ways to suit ones desires. Hope this helps.
Good trading to all.
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