Could someone produce, zone probability, statistical analysis, similar to JT Jacksons - NinjaTrader | futures io social day trading
futures io futures trading


Could someone produce, zone probability, statistical analysis, similar to JT Jacksons
Updated: Views / Replies:2,804 / 16
Created: by harry737 Attachments:3

Welcome to futures io.

(If you already have an account, login at the top of the page)

futures io is the largest futures trading community on the planet, with over 90,000 members. At futures io, our goal has always been and always will be to create a friendly, positive, forward-thinking community where members can openly share and discuss everything the world of trading has to offer. The community is one of the friendliest you will find on any subject, with members going out of their way to help others. Some of the primary differences between futures io and other trading sites revolve around the standards of our community. Those standards include a code of conduct for our members, as well as extremely high standards that govern which partners we do business with, and which products or services we recommend to our members.

At futures io, our focus is on quality education. No hype, gimmicks, or secret sauce. The truth is: trading is hard. To succeed, you need to surround yourself with the right support system, educational content, and trading mentors Ė all of which you can find on futures io, utilizing our social trading environment.

With futures io, you can find honest trading reviews on brokers, trading rooms, indicator packages, trading strategies, and much more. Our trading review process is highly moderated to ensure that only genuine users are allowed, so you donít need to worry about fake reviews.

We are fundamentally different than most other trading sites:
  • We are here to help. Just let us know what you need.
  • We work extremely hard to keep things positive in our community.
  • We do not tolerate rude behavior, trolling, or vendors advertising in posts.
  • We firmly believe in and encourage sharing. The holy grail is within you, we can help you find it.
  • We expect our members to participate and become a part of the community. Help yourself by helping others.

You'll need to register in order to view the content of the threads and start contributing to our community.  It's free and simple.

-- Big Mike, Site Administrator

Reply
 3  
 
Thread Tools Search this Thread
 

Could someone produce, zone probability, statistical analysis, similar to JT Jacksons

  #11 (permalink)
Elite Member
london, UK
 
Futures Experience: Intermediate
Platform: NT
Broker/Data: NT
Favorite Futures: Stocks, Bonds
 
Posts: 131 since Sep 2013
Thanks: 152 given, 52 received

Please register on futures.io to view futures trading content such as post attachment(s), image(s), and screenshot(s).

Daily Ticket
this is how the data is represented, 8668 would be the pivot, 8723 is Res 1, 8764 is Res 2, so it would read to me that(above 8668), the market has opened, between 8668 and 8723, 59% of the time it trades higher than 8723, there is a lack of resistance here shown at 51%, the market trades above 8764, 29% of the time and out of the 29% of the time it trades above here the market closes above Res2 or 8764.
It also shows to me that the Pivot is broken 78% of the time, so it trades below 8668 , (78 times out of a 100), good support is seen 8572(Sup 2)-8627(Sup 1), it reaches this area 42% of the time, then the likely hood of the market breaking below, 8572 is 17%, the market does show a lack of support below 8572(Sup2)
On Summary, conclusion on this setup for this day, is to buy in the support area 8572-8627(Market reaches 42% of the time), to sell above 8723 so long as the market hasnt broke Res 1(this breaks 59% of the time), before reaching the support area, its a quick generalization.
I would use this like an overlay for the day.


Last edited by harry737; May 6th, 2014 at 02:30 AM.
Reply With Quote
The following user says Thank You to harry737 for this post:
 
  #12 (permalink)
Elite Member
Berlin, Europe
 
Futures Experience: Advanced
Platform: NinjaTrader, MultiCharts
Broker/Data: Interactive Brokers
Favorite Futures: Keyboard
 
Fat Tails's Avatar
 
Posts: 9,653 since Mar 2010
Thanks: 4,226 given, 25,602 received
Forum Reputation: Legendary


harry737 View Post
Please register on futures.io to view futures trading content such as post attachment(s), image(s), and screenshot(s).

Daily Ticket
this is how the data is represented, 8668 would be the pivot, 8723 is Res 1, 8764 is Res 2, so it would read to me that(above 8668), the market has opened, between 8668 and 8723, 59% of the time it trades higher than 8723, there is a lack of resistance here shown at 51%, the market trades above 8764, 29% of the time and out of the 29% of the time it trades above here the market closes above Res2 or 8764.
It also shows to me that the Pivot is broken 78% of the time, so it trades below 8668 , (78 times out of a 100), good support is seen 8572(Sup 2)-8627(Sup 1), it reaches this area 42% of the time, then the likely hood of the market breaking below, 8572 is 17%, the market does show a lack of support below 8572(Sup2)
On Summary, conclusion on this setup for this day, is to buy in the support area 8572-8627(Market reaches 42% of the time), to sell above 8723 so long as the market hasnt broke Res 1(this breaks 59% of the time), before reaching the support area, its a quick generalization.
I would use this like an overlay for the day.

@harry737: The pivot, support and resistance levels are just calculated from the prior day's high, low and close. Which other parameters do you use to determine the probabilities. Could you elaborate please?

Reply With Quote
The following user says Thank You to Fat Tails for this post:
 
  #13 (permalink)
Elite Member
Ramey
 
Futures Experience: Beginner
Platform: NinjaTrader
Broker/Data: None
Favorite Futures: ES, YM
 
Posts: 24 since Aug 2009
Thanks: 13 given, 6 received

calculations

Answer
This post has been selected as an answer to the original posters question Answer


From reading the book and trading it you create zones

For instance PP to R1 would be zone 4

PP to S1 would be zone 3 and so on

Where it say it close right above PP and below R1 that would be a zone 4 close

then you take the project zones and if it says opens below PP and S1 that would be a 4/3 setup and certain probabilities exits

I have always done hand calculations the fib trader automates one is in my mind a one fits all approach that never delivered the same results.

yes have trades it on the eminis since 2002

Reply With Quote
 
  #14 (permalink)
Elite Member
london, UK
 
Futures Experience: Intermediate
Platform: NT
Broker/Data: NT
Favorite Futures: Stocks, Bonds
 
Posts: 131 since Sep 2013
Thanks: 152 given, 52 received

If anyone would be interested, the MSSQL database that runs the app is in three programs, which includes a website, that handles the data. Its wrote in c#, it also needs some code wrote for CQG API, to connect the data, the app. runs 40+ different markets, with a 60 min timeframe and dailys. I was also looking to alert best setups, by SMS or sound.
If any interest please message me privately

Reply With Quote
 
  #15 (permalink)
Elite Member
london, UK
 
Futures Experience: Intermediate
Platform: NT
Broker/Data: NT
Favorite Futures: Stocks, Bonds
 
Posts: 131 since Sep 2013
Thanks: 152 given, 52 received


Fat Tails View Post
I have coded different variations of the Jackson Zones. The zones match the definitions as exposed in the FT Journal issue 14 "High Probability Fibonacci Zone Analysis" from Fibonacci Trader - The First Multiple Time Frame Software for Traders. Available are daily, weekly and monthly Jackson Zones. Unlike the indicator offered by FibonacciTrader, my indicators allow

-> for calculating Jackson Zones from full session or regular session data
-> use the regular close, the full session close or the settlement price (taken from daily data) for futures

Please let me know the details of your "Zone Analysis Table", as this will allow me to find out whether the tools match your needs. A free version of the daily/ weekly/ monthly Jackson Zones is available here

https://futures.io/download/ninjatrader-7/indicators/371-download.html

Please register on futures.io to view futures trading content such as post attachment(s), image(s), and screenshot(s).



The chart below shows an advanced version that comes with N-day/N-week/N-month rolling pivots and allows to show projections for next day/week/ month. As Jackson Zones are basically a symmetrical variation (levels R1 and S1) of floor pivots, I have used the terminology for floor pivots and not the terms used by FibonacciTrader.

BP (balance point) -> becomes PP (identical with main floor pivot)

Please register on futures.io to view futures trading content such as post attachment(s), image(s), and screenshot(s).

Very Good, was some caught up in what I wanted, thanks

Reply With Quote
 
  #16 (permalink)
Elite Member
Richmond Virginia
 
Futures Experience: Intermediate
Platform: Ninja Trader
Favorite Futures: ES
 
Posts: 244 since Feb 2013
Thanks: 217 given, 106 received

Jackson zones


Fat Tails View Post
I have coded different variations of the Jackson Zones. The zones match the definitions as exposed in the FT Journal issue 14 "High Probability Fibonacci Zone Analysis" from Fibonacci Trader - The First Multiple Time Frame Software for Traders. Available are daily, weekly and monthly Jackson Zones. Unlike the indicator offered by FibonacciTrader, my indicators allow

-> for calculating Jackson Zones from full session or regular session data
-> use the regular close, the full session close or the settlement price (taken from daily data) for futures

Please let me know the details of your "Zone Analysis Table", as this will allow me to find out whether the tools match your needs. A free version of the daily/ weekly/ monthly Jackson Zones is available here

https://futures.io/download/ninjatrader-7/indicators/371-download.html

Please register on futures.io to view futures trading content such as post attachment(s), image(s), and screenshot(s).



The chart below shows an advanced version that comes with N-day/N-week/N-month rolling pivots and allows to show projections for next day/week/ month. As Jackson Zones are basically a symmetrical variation (levels R1 and S1) of floor pivots, I have used the terminology for floor pivots and not the terms used by FibonacciTrader.

BP (balance point) -> becomes PP (identical with main floor pivot)

Please register on futures.io to view futures trading content such as post attachment(s), image(s), and screenshot(s).

What do the RB1, SB1, etc. levels mean? Forgive me if I missed the explanation somewhere. I know what R1, S1, etc. are though.

Thank you

Reply With Quote
 
  #17 (permalink)
Elite Member
Berlin, Europe
 
Futures Experience: Advanced
Platform: NinjaTrader, MultiCharts
Broker/Data: Interactive Brokers
Favorite Futures: Keyboard
 
Fat Tails's Avatar
 
Posts: 9,653 since Mar 2010
Thanks: 4,226 given, 25,602 received
Forum Reputation: Legendary


RickW00716 View Post
What do the RB1, SB1, etc. levels mean? Forgive me if I missed the explanation somewhere. I know what R1, S1, etc. are though.

Thank you

See post above:

"The zones match the definitions as exposed in the FT Journal issue 14 "High Probability Fibonacci Zone Analysis" from Fibonacci Trader - The First Multiple Time Frame Software for Traders. Available are daily, weekly and monthly Jackson Zones."

Did you read the journal issue?

Reply With Quote

Reply



futures io > > > > Could someone produce, zone probability, statistical analysis, similar to JT Jacksons

Thread Tools Search this Thread
Search this Thread:

Advanced Search



Upcoming Webinars and Events (4:30PM ET unless noted)

Jigsaw Trading: TBA

Elite only

FuturesTrader71: TBA

Elite only

NinjaTrader: TBA

Jan 18

RandBots: TBA

Jan 23

GFF Brokers & CME Group: Futures & Bitcoin

Elite only

Adam Grimes: TBA

Elite only

Ran Aroussi: TBA

Elite only
     

Similar Threads
Thread Thread Starter Forum Replies Last Post
Webinar: FuturesTrader71 (FT71) on Statistical Analysis for a Broader Edge Big Mike Traders Hideout 25 February 16th, 2015 02:52 PM
Analysis: Convalescent euro zone seeks to escape debt overhang Quick Summary News and Current Events 0 October 28th, 2013 10:55 PM
Miscellaneous Statistical Analysis (the big thread) trendisyourfriend The Elite Circle 29 July 15th, 2013 01:51 PM
High Probability Fibonacci Zone Analysis dee50 The Elite Circle 6 April 4th, 2013 06:58 AM
Software for basic statistical analysis? Xyzzy Platforms and Indicators 15 October 29th, 2011 05:22 AM


All times are GMT -4. The time now is 04:39 PM.

Copyright © 2017 by futures io, s.a., Av Ricardo J. Alfaro, Century Tower, Panama, +507 833-9432, info@futures.io
All information is for educational use only and is not investment advice.
There is a substantial risk of loss in trading commodity futures, stocks, options and foreign exchange products. Past performance is not indicative of future results.
no new posts
Page generated 2017-12-18 in 0.13 seconds with 34 queries on phoenix via your IP 54.221.136.62