What indicators are used on a range chart - Platforms and Indicators | futures io social day trading
futures io futures trading


What indicators are used on a range chart
Updated: Views / Replies:1,403 / 12
Created: by bjvowles Attachments:1

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
 1  
 
Thread Tools Search this Thread
 

What indicators are used on a range chart

  #11 (permalink)
User requested to be banned
Orlando, Florida
 
Futures Experience: None
Platform: shoes
Favorite Futures: happy
 
GaryD's Avatar
 
Posts: 6,462 since May 2011
Thanks: 2,090 given, 5,026 received

To give you some idea though, this is what I watch. And to make it very complex; Sometimes you go with the trend, meaning you buy when it is green and sell when it is red, but other times you fade it, meaning you buy when it is red and sell when it is green. Today I bought the bottom, sold the top, and tried to stay out of the middle. Luck played a part in it. Experience played a part in it. Education was a part. Psychology was a part.

Attached Thumbnails
What indicators are used on a range chart-screens.pdf  

Last edited by GaryD; June 10th, 2013 at 11:12 PM.
Reply With Quote
The following user says Thank You to GaryD for this post:
 
  #12 (permalink)
Trading Apprentice
Brisbane, Australia
 
Futures Experience: Beginner
Platform: NinjaTrader
Broker/Data: Mirus Futures/Zen-Fire
Favorite Futures: Emini Futures
 
Posts: 5 since Jul 2012
Thanks: 8 given, 2 received


GaryD View Post
I am a crude trader, nothing but. And I have used a lot of indicators. Probably 30% of what is available on futures.io (formerly BMT), and probably tested 90% of what comes stock in most trading platforms.

Before I give any advice on indicators, let me warn you, and encourage you, about what crude oil trading is.

Cons - CL is a very difficult market to trade. It is volatile, fast, pricey, can find any stop anywhere, and if you trade a small account and are learning to trade, you might as well just burn the money now.

Pros - If you will trade it sim for a few years (yes, I said years), it can be a very rewarding market. ES is what I refer to as a back and fill market, and crude is what I refer to as a momentum market. I did not make up those terms, not sure they are the exact terminology. But it means one moves slow and back and forth a lot, and the other can take off on a whim.

ES has a daily range of (I am guessing because it has been so long since I traded it), maybe 8-15 points? I could look it up, but whatever it is, that would be forty ticks if it were 10. Crude moves between 150-200 ticks a day. (again, don't have a chart open).

What makes CL great, is that it can move so much. What makes it very tough, and very dangerous, is that it moves so much.


That said;

1) Learn to read charts to define support and resistance. Without a single indicator. There is no indicator in the world that can give you a better edge than knowing WHERE to trade.
2) Watch volume, pure volume with no fancy colors, on a 1 minute chart. That will a) help you learn more about #1 above, and b) tell you who is doing what at a moment of opportunity.
3) Watch VWAP on ETH and RTH. I used to watch Donchian Channels, and T3 moving average set at 89-117-144, and that is decent, but not as easy to give different interpretations as VWAP is.


BUT - No indicator does anything that gives you much of a chance until you understand how to use it. The greatest golf club in the world will not make you Tiger Woods. It works the other way around. You learn to trade first, and then refine what you want to see in an indicator.


P.S.

Cons - CL is a very difficult market to trade. It is volatile, fast, pricey, can find any stop anywhere, and if you trade a small account and are learning to trade, you might as well just burn the money now.

Or better, do something fun with it.


Thank you for all your insightful words. I much appreciate it and it has helped shine a very bright light. Thank you

Reply With Quote
The following user says Thank You to bjvowles for this post:
 
  #13 (permalink)
Trading Apprentice
Brisbane, Australia
 
Futures Experience: Beginner
Platform: NinjaTrader
Broker/Data: Mirus Futures/Zen-Fire
Favorite Futures: Emini Futures
 
Posts: 5 since Jul 2012
Thanks: 8 given, 2 received



GaryD View Post
To give you some idea though, this is what I watch. And to make it very complex; Sometimes you go with the trend, meaning you buy when it is green and sell when it is red, but other times you fade it, meaning you buy when it is red and sell when it is green. Today I bought the bottom, sold the top, and tried to stay out of the middle. Luck played a part in it. Experience played a part in it. Education was a part. Psychology was a part.

Wow that's very cool, thanks for sharing it with me

Reply With Quote
The following user says Thank You to bjvowles for this post:

Reply



futures io > > > What indicators are used on a range chart

Thread Tools Search this Thread
Search this Thread:

Advanced Search



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

Linda Bradford Raschke: Reading The Tape

Elite only

Adam Grimes: TBA

Elite only

NinjaTrader: TBA

January

Ran Aroussi: TBA

Elite only
     

Similar Threads
Thread Thread Starter Forum Replies Last Post
tickchart indicator on a range chart. multi"aggregation"chart indicators Cloudy NinjaTrader Programming 5 April 16th, 2015 07:17 PM
How to adapt indicators to range bars? enlightenor TradeStation 8 December 8th, 2012 07:37 PM
2Range indicator in 4 Range chart : multi data series chart emini_Holy_Grail NinjaTrader 5 July 3rd, 2011 04:19 PM
Market Analyzer Indicators to Summarize Chart Indicators nirajkrishna The Elite Circle 5 March 18th, 2011 08:13 PM
6-range chart ptcm EasyLanguage Programming 12 February 6th, 2011 12:03 PM


All times are GMT -4. The time now is 09:04 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 2017-12-11 in 0.09 seconds with 20 queries on phoenix via your IP 54.83.122.227