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OEC Open E Cry Trading Platform
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OEC Open E Cry Trading Platform

  #61 (permalink)
Trading Apprentice
Baltimore, MD
 
Futures Experience: Intermediate
Platform: OEC Trader
Broker/Data: OEC
Favorite Futures: E-mini Russell 2000
 
Posts: 10 since Jul 2011
Thanks: 1 given, 7 received


dlatbm View Post
I compiled in OEC Trader and does look nice. Is there a kind of system attached to this MACDBB?
Thanks again.

Yes, there is a system of Trading based on the Bollinger Band Macds using the 144, 377, 610, 1597, 4181 Tick Charts.

There is an Old Anecdote that goes with this system..."You make your Money when the Bollinger Bands are narrow!".

Bottomline, You need to be patient and wait until the 144, 377, 610 BBs are all headed the same direction.

The BB_Macd line is usually plotted as a series of points (large circles) and their relationship to the Bollinger Bands has significance.

This is the system I use in my paper trading for the past 5 years. I am consistent with always harvesting 2 points at a time with 10 contracts.

Hope the above helps...

 
  #62 (permalink)
Elite Member
Sydney Australia
 
Futures Experience: Advanced
Platform: SierraCharts, NT
Favorite Futures: ES,TF,CL, SPI,
 
Posts: 78 since Nov 2010
Thanks: 6 given, 23 received


Verdisman View Post
Yes, there is a system of Trading based on the Bollinger Band Macds using the 144, 377, 610, 1597, 4181 Tick Charts.

There is an Old Anecdote that goes with this system..."You make your Money when the Bollinger Bands are narrow!".

Bottomline, You need to be patient and wait until the 144, 377, 610 BBs are all headed the same direction.

The BB_Macd line is usually plotted as a series of points (large circles) and their relationship to the Bollinger Bands has significance.

This is the system I use in my paper trading for the past 5 years. I am consistent with always harvesting 2 points at a time with 10 contracts.

Hope the above helps...

Thank you, it does.
Which points you are talking about, ES? Or is it good for any instrument?
5 years of paper trading? As a way of encouragement, go for the real money

 
  #63 (permalink)
Trading Apprentice
Baltimore, MD
 
Futures Experience: Intermediate
Platform: OEC Trader
Broker/Data: OEC
Favorite Futures: E-mini Russell 2000
 
Posts: 10 since Jul 2011
Thanks: 1 given, 7 received



dlatbm View Post
Thank you, it does.
Which points you are talking about, ES? Or is it good for any instrument?
5 years of paper trading? As a way of encouragement, go for the real money

The BB_Macds are useful for any instrument, you just need to experiment what Tick Chart you will trade from.

For example the ES - use 233, I use e-mini Russell 2K and use the 144 Tick Chart.

Unfortunately, you have to make correlating the BB_Macds across different Tick timeframes intuitive and predictive. I could not do it, until I created additional indicators that focus on the NARROWS and concentrate on the 144, 377 and 610.

Glad to answer more questions, when you have them.

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  #64 (permalink)
Elite Member
Sydney Australia
 
Futures Experience: Advanced
Platform: SierraCharts, NT
Favorite Futures: ES,TF,CL, SPI,
 
Posts: 78 since Nov 2010
Thanks: 6 given, 23 received

So if you do not mind I am looking at your code here - please see attached images. So would you say the it went up because of the narrowness of the BB's channel or double bottom and divergence? I am trying to see your point about the narrow channel, and I ma new to this type of analysis.
Thanks again for your time.

Attached Thumbnails
OEC Open E Cry Trading Platform-macdbb_es_610.png   OEC Open E Cry Trading Platform-macdbb_es_377.png  
 
  #65 (permalink)
Trading Apprentice
Baltimore, MD
 
Futures Experience: Intermediate
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Favorite Futures: E-mini Russell 2000
 
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dlatbm View Post
So if you do not mind I am looking at your code here - please see attached images. So would you say the it went up because of the narrowness of the BB's channel or double bottom and divergence? I am trying to see your point about the narrow channel, and I ma new to this type of analysis.
Thanks again for your time.

My old mentor of 4 years would say that you had Bullish divergence on both the 377 and 610 BBs, the price action most likely turned at the 76% or 89% Fib Retrace, since the BBs cut into the side of the Bollinger Band. If you had 100% price action before the trend change, the BBs would have come from underneath the Lower Bollinger.

The SIDEWAYS after the turn is the price action bouncing between the 23% and 38% of the Fib retrace.

Since my past seven months of independent study with a group of like-minded beginners, we all could not achieve our mentor's level of intuitiveness and predictiveness with the BB_Macds, we discovered two very important derivatives from the BB_Macds that allows us to have Consistency, Courage and Patience with the market.

These derivatives, which we call the Delta (difference between the Upper and Lower Bollinger bands) and the Trendline (difference between the BB and the Average-centerline of the Bollinger) truly opened new insights that gives us predictiveness and intuitiveness, which really slows the market for us.

We choose when we want to play with the market, when the conditions are correct!

This morning, we are proving out another important insight, SIDEWAYS market is the bane for beginners, destroying their psyche and trading accounts.

An interesting aspect of the Trendlines (difference between the BB and midline Bollinger band Average) between the 144, 377 and 610 is that they ALL must agree in direction. If anyone differs, you get SIDEWAYS action of the price.

Our Sangha (community of like minded beginners) were amazed at how powerful the Delta and Trendline has become in preserving both our psyche and trading accounts. What a wonderful gift we were given!

We continue to explore all the insights these two derivatives from the BB_Macds gives us!


Last edited by Verdisman; July 6th, 2011 at 08:50 AM.
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  #66 (permalink)
Elite Member
Sydney Australia
 
Futures Experience: Advanced
Platform: SierraCharts, NT
Favorite Futures: ES,TF,CL, SPI,
 
Posts: 78 since Nov 2010
Thanks: 6 given, 23 received


Verdisman View Post
My old mentor of 4 years would say that you had Bullish divergence on both the 377 and 610 BBs, the price action most likely turned at the 76% or 89% Fib Retrace, since the BBs cut into the side of the Bollinger Band. If you had 100% price action before the trend change, the BBs would have come from underneath the Lower Bollinger.

The SIDEWAYS after the turn is the price action bouncing between the 23% and 38% of the Fib retrace.

Since my past seven months of independent study with a group of like-minded beginners, we all could not achieve our mentor's level of intuitiveness and predictiveness with the BB_Macds, we discovered two very important derivatives from the BB_Macds that allows us to have Consistency, Courage and Patience with the market.

These derivatives, which we call the Delta (difference between the Upper and Lower Bollinger bands) and the Trendline (difference between the BB and the Average-centerline of the Bollinger) truly opened new insights that gives us predictiveness and intuitiveness, which really slows the market for us.

We choose when we want to play with the market, when the conditions are correct!

This morning, we are proving out another important insight, SIDEWAYS market is the bane for beginners, destroying their psyche and trading accounts.

An interesting aspect of the Trendlines (difference between the BB and midline Bollinger band Average) between the 144, 377 and 610 is that they ALL must agree in direction. If anyone differs, you get SIDEWAYS action of the price.

Our Sangha (community of like minded beginners) were amazed at how powerful the Delta and Trendline has become in preserving both our psyche and trading accounts. What a wonderful gift we were given!

We continue to explore all the insights these two derivatives from the BB_Macds gives us!

I feel something genuine from you which very rare in this business. I hope I am right about what I feel.
I appreciate your honest input. So, I have some further questions:
1) You do not look at Fibonaci numbers, as per your mentors' advice, but at the Delta and Trendline?
2) 144, 377 and 610 are for TF, and 233,377,610 for ES?
3) What is Sangha? Can I join it?
I feel very privileged to 'hear your story', I really mean it.
Please keep this attitude up for your own sake.
Thank you again.

 
  #67 (permalink)
Trading Apprentice
Baltimore, MD
 
Futures Experience: Intermediate
Platform: OEC Trader
Broker/Data: OEC
Favorite Futures: E-mini Russell 2000
 
Posts: 10 since Jul 2011
Thanks: 1 given, 7 received


dlatbm View Post
I feel something genuine from you which very rare in this business. I hope I am right about what I feel.
I appreciate your honest input. So, I have some further questions:
1) You do not look at Fibonaci numbers, as per your mentors' advice, but at the Delta and Trendline?
2) 144, 377 and 610 are for TF, and 233,377,610 for ES?
3) What is Sangha? Can I join it?
I feel very privileged to 'hear your story', I really mean it.
Please keep this attitude up for your own sake.
Thank you again.


1. Yes, we have moved away from my mentor's advice, since Consistency had been such an elusive goal for his many students using his Intuitive-Predictive method for BB_Macds. The Delta and Trendline helps us know when to safely enter positions. Yes, we may miss obvious trends, but our goal as a sangha is to make Trading as safe and profitably consistent as possible, easily taught for FREE with safety being utmost.

2. Yes for the ES, with my mentor throwing in the 987, 1597 and 4181. Our Sangha is developing a means of Trading with the Delta and Trendline that only uses one chart (TF - 144) without the need for intuitive-predictiveness of the BB_Macd on the other Tick timeframes, nor do we need Fib retracements/extensions nor additional indicators. Since Delta and Trendline is a derivative of the BB_Macds, we believe the strategy we develop will be applicable to other instruments. We are still in development and each day the market lets us know where we still have holes in our safety net. Your help and insights will certainly be appreciated.

3. From Wikipedia...
Sangha is a word in Pali or Sanskrit that can be translated roughly as "association" or "assembly," "company" or "community" with common goal, vision or purpose.

Our Mission Statement is similar to Big Mike's: People helping people, with compassion, frugality and humility.
Yes you may join, we are always open, our membership is tiny (3), but we always learn from and support each other. Just look up my contact info on this site. Thanks.

 
  #68 (permalink)
Elite Member
Sydney Australia
 
Futures Experience: Advanced
Platform: SierraCharts, NT
Favorite Futures: ES,TF,CL, SPI,
 
Posts: 78 since Nov 2010
Thanks: 6 given, 23 received


Verdisman View Post
1. Yes, we have moved away from my mentor's advice, since Consistency had been such an elusive goal for his many students using his Intuitive-Predictive method for BB_Macds. The Delta and Trendline helps us know when to safely enter positions. Yes, we may miss obvious trends, but our goal as a sangha is to make Trading as safe and profitably consistent as possible, easily taught for FREE with safety being utmost.

2. Yes for the ES, with my mentor throwing in the 987, 1597 and 4181. Our Sangha is developing a means of Trading with the Delta and Trendline that only uses one chart (TF - 144) without the need for intuitive-predictiveness of the BB_Macd on the other Tick timeframes, nor do we need Fib retracements/extensions nor additional indicators. Since Delta and Trendline is a derivative of the BB_Macds, we believe the strategy we develop will be applicable to other instruments. We are still in development and each day the market lets us know where we still have holes in our safety net. Your help and insights will certainly be appreciated.

3. From Wikipedia...
Sangha is a word in Pali or Sanskrit that can be translated roughly as "association" or "assembly," "company" or "community" with common goal, vision or purpose.

Our Mission Statement is similar to Big Mike's: People helping people, with compassion, frugality and humility.
Yes you may join, we are always open, our membership is tiny (3), but we always learn from and support each other. Just look up my contact info on this site. Thanks.

It is hard to rely just on one timeframe. This is a derivative of, what I called Sangha indicator, which is the distance of MACD from bottom and top bands.
Please comment.
PS. Is it not appropriate to ask who you mentor was?

Attached Thumbnails
OEC Open E Cry Trading Platform-tf144_sangha.png   OEC Open E Cry Trading Platform-tf233_sangha.png  

Last edited by dlatbm; July 21st, 2011 at 12:32 AM. Reason: additional question
 
  #69 (permalink)
Trading Apprentice
Baltimore, MD
 
Futures Experience: Intermediate
Platform: OEC Trader
Broker/Data: OEC
Favorite Futures: E-mini Russell 2000
 
Posts: 10 since Jul 2011
Thanks: 1 given, 7 received

Here is a Sample of our Trendline Indicator...


dlatbm View Post
It is hard to rely just on one timeframe. This is a derivative of, what I called Sangha indicator, which is the distance of MACD from bottom and top bands.
Please comment.
PS. Is it not appropriate to ask who you mentor was?

--Yes, you are absolutely correct - one timeframe will not do it, but we rolled 3 timeframes into one with our Colorlines Indicator (one of 2 indicators we developed).

--Glad to see your perseverance on this topic. Skype me when you are ready.

--We have finished our development and are now "paper trading" these indicators in pre-production (live demo). Static Historical studies is a totally different world from a dynamic live market.

--To whet your appetite, please see the enclosed pdf document of the Trendline Indicator, given to us by the Divine...

Join us when you feel ready.

Attached Thumbnails
OEC Open E Cry Trading Platform-trendline-explanation.pdf  
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  #70 (permalink)
Site Administrator
Manta, Ecuador
 
Futures Experience: Advanced
Platform: My own custom solution
Favorite Futures: E-mini ES S&P 500
 
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@Verdisman, please share the whole indicator. It is free right? You aren't selling anything or run a website, right? Or are you a vendor?

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