NexusFi: Find Your Edge


Home Menu

 





not trading off the seat of my pants


Discussion in Stocks and ETFs

Updated
      Top Posters
    1. looks_one Tiberius with 73 posts (112 thanks)
    2. looks_two rpm123 with 24 posts (26 thanks)
    3. looks_3 Fat Tails with 9 posts (20 thanks)
    4. looks_4 drytlewski322 with 8 posts (9 thanks)
      Best Posters
    1. looks_one Fat Tails with 2.2 thanks per post
    2. looks_two Tiberius with 1.5 thanks per post
    3. looks_3 rpm123 with 1.1 thanks per post
    4. looks_4 drytlewski322 with 1.1 thanks per post
    1. trending_up 39,504 views
    2. thumb_up 185 thanks given
    3. group 9 followers
    1. forum 128 posts
    2. attach_file 103 attachments




 
Search this Thread

not trading off the seat of my pants

  #31 (permalink)
 
Tiberius's Avatar
 Tiberius 
Coos County New Hampshire
 
Experience: Intermediate
Platform: NinjaTrader
Broker: IB
Trading: ES
Posts: 1,552 since Feb 2010
Thanks Given: 2,984
Thanks Received: 3,406


drytlewski322 View Post
Hi Tiberusm,

On the indicators and charts, which one gives you the background colors of sell, buy on the chart itself. I down loaded all the indicators and charts, have them all set up but for some reason I can not get the backgound on the chart trader itself for the two colors? Is there a setting I over looked?


TSI indy gets you the background.

Visit my NexusFi Trade Journal Started this thread Reply With Quote

Can you help answer these questions
from other members on NexusFi?
Build trailing stop for micro index(s)
Psychology and Money Management
NexusFi Journal Challenge - April 2024
Feedback and Announcements
Exit Strategy
NinjaTrader
Deepmoney LLM
Elite Quantitative GenAI/LLM
Are there any eval firms that allow you to sink to your …
Traders Hideout
 
Best Threads (Most Thanked)
in the last 7 days on NexusFi
Get funded firms 2023/2024 - Any recommendations or word …
59 thanks
Funded Trader platforms
37 thanks
NexusFi site changelog and issues/problem reporting
23 thanks
GFIs1 1 DAX trade per day journal
22 thanks
The Program
19 thanks
  #32 (permalink)
 
Tiberius's Avatar
 Tiberius 
Coos County New Hampshire
 
Experience: Intermediate
Platform: NinjaTrader
Broker: IB
Trading: ES
Posts: 1,552 since Feb 2010
Thanks Given: 2,984
Thanks Received: 3,406


drytlewski322 View Post
Hi Tiberusm,

On the indicators and charts, which one gives you the background colors of sell, buy on the chart itself. I down loaded all the indicators and charts, have them all set up but for some reason I can not get the backgound on the chart trader itself for the two colors? Is there a setting I over looked?


Check out the attached for TSI and background. This is my settings..............................

Attached Thumbnails
Click image for larger version

Name:	Monday.JPG
Views:	248
Size:	169.5 KB
ID:	40259  
Visit my NexusFi Trade Journal Started this thread Reply With Quote
Thanked by:
  #33 (permalink)
 
Tiberius's Avatar
 Tiberius 
Coos County New Hampshire
 
Experience: Intermediate
Platform: NinjaTrader
Broker: IB
Trading: ES
Posts: 1,552 since Feb 2010
Thanks Given: 2,984
Thanks Received: 3,406


The start of another great week. This strategy is a work-in-process. I presented the strategy on a 3 minute chart with 4 indicators. Three indicators to get you into the market, and those three and the SuperTrend to get you out. And then the continuation trade.

Last week, I was tweaking the indicators and playing with the charts. I was looking for better parameters for varying market conditions. Three indicators to aline for an entry and stay alined until exit. On a 3 minute chart this seems more difficult than a 30 minute chart. Or a range chart. The one theme that's present in all the charts is that the moving average element of FTZ_SharkTrend stays in the trade the longest while price action stalls or reverses the other two.

I want a simple strategy. I want this strategy to center around the trend, the FTZ_SharkTrend. I have deliberately tried to avoid two time frames in this thread; trading one against the longer time frame. I introduced the 30 minute chart and today I will post the 6E 18 range chart. Personally my trading style caters to the higher time frames and staying in the trade with the SharkTrend.That is what I am working with currently. All viewing members need to find their trading style and time frames.

Today on the 3 minute chart, I sim traded to noon with a tighter stop and I got stopped, 1 for 3. The trade I did live, I had a wider stop and stayed in the trade until the other two indicators stalled. I watched the 30 minute chart stay with the short trade all day.

To the attached images and on to Tuesday.

Attached Thumbnails
Click image for larger version

Name:	Monday.JPG
Views:	256
Size:	300.1 KB
ID:	40291   Click image for larger version

Name:	Monday 02.JPG
Views:	237
Size:	243.5 KB
ID:	40292  
Visit my NexusFi Trade Journal Started this thread Reply With Quote
Thanked by:
  #34 (permalink)
 
rpm123's Avatar
 rpm123 
Green Bay WI
 
Experience: Intermediate
Platform: NT
Broker: AMP/CQG
Trading: 6E
Posts: 321 since Apr 2010
Thanks Given: 337
Thanks Received: 466

@Tiberius,

As requested, and because I'm liking your system and approach and is very complementary to mine, I've attached my YM charts for the day. I've removed the SharkTrend arrows, I like the Supertrend ones best. I've used your two color schemes placing two TSI4JeffFromTMFT indicators on. The bar coloring from the ESFXtrader is great. On the 20 bar chart, the white bars are lining up nicely with trend change. On the 8 bar chart it more often signifies congestion. The coloring in general is quick to see, reassuring in a trade, and confirming, when you take an anaSuperTrend trade in the 'grey' zone.

The anaSuperTrend (my all time favorite indicator) was 4 for 4 on the 20 bar chart and 6 for 21 on the 8 bar chart. I'm still studying that more closely to see how using the other indicators might have helped me stay out of the bad ones and in the good ones longer. (My first target is generally no longer than the chart's bar length, often smaller. But had some great runners today, on both charts, in what was a pretty narrow daytime range day of 83 points.

One note that you may already know, you can put harder, easier to see stop lines on anaSuperTrend (as I did on the 8 bar chart) with formatting. I like the dotted line for flow, but the horizontal dash for placing trailing stops more easily. Picture included too.

You mention in your post that the FTZ_SharkTrend colored dot moving average is keeping you in your trades longer. Do you wait for the dot to 'close'? As I said I'm still studying how the other three indicators best work with the anaSuperTrend, for my style and range bars.

Thanks,
Patrick

Attached Thumbnails
Click image for larger version

Name:	2011-06-06_1632.png
Views:	256
Size:	198.8 KB
ID:	40304   Click image for larger version

Name:	2011-06-06_1656.png
Views:	225
Size:	68.7 KB
ID:	40305  
Visit my NexusFi Trade Journal Reply With Quote
Thanked by:
  #35 (permalink)
 
Tiberius's Avatar
 Tiberius 
Coos County New Hampshire
 
Experience: Intermediate
Platform: NinjaTrader
Broker: IB
Trading: ES
Posts: 1,552 since Feb 2010
Thanks Given: 2,984
Thanks Received: 3,406


rpm123 View Post
@ Tiberius,

As requested, and because I'm liking your system and approach and is very complementary to mine, I've attached my YM charts for the day. I've removed the SharkTrend arrows, I like the Supertrend ones best. I've used your two color schemes placing two TSI4JeffFromTMFT indicators on. The bar coloring from the ESFXtrader is great. On the 20 bar chart, the white bars are lining up nicely with trend change. On the 8 bar chart it more often signifies congestion. The coloring in general is quick to see, reassuring in a trade, and confirming, when you take an anaSuperTrend trade in the 'grey' zone.

The anaSuperTrend (my all time favorite indicator) was 4 for 4 on the 20 bar chart and 6 for 21 on the 8 bar chart. I'm still studying that more closely to see how using the other indicators might have helped me stay out of the bad ones and in the good ones longer. (My first target is generally no longer than the chart's bar length, often smaller. But had some great runners today, on both charts, in what was a pretty narrow daytime range day of 83 points.

One note that you may already know, you can put harder, easier to see stop lines on anaSuperTrend (as I did on the 8 bar chart) with formatting. I like the dotted line for flow, but the horizontal dash for placing trailing stops more easily. Picture included too.

You mention in your post that the FTZ_SharkTrend colored dot moving average is keeping you in your trades longer. Do you wait for the dot to 'close'? As I said I'm still studying how the other three indicators best work with the anaSuperTrend, for my style and range bars.

Thanks,
Patrick

Thanks Patrick for your post. Your information has given me more to think about on how to approach the trade. And another way to enter the trade is with the Supertrend, since the SuperTrend can be used as a stand alone strategy. I had left the SharkTrend arrows on the chart even though I wasn't using them. Indeed the SuperTrend arrows would have more value. Tuesday, I will put your YM charts up on the screen and use the ST arrows.

I was waiting for the SharkTrend dot to close. Especially to enter the trade. In retrospect when viewing the SharkTrend, if you stayed with the trade through the white bars and the neutral background, you can rack up some points. I need to find the balance between risk and reward with the SharkTrend. You have given me a new perspective to study tomorrow. Enter the trend with the SuperTrend and stay with the trade with the SharkTrend?

Thanks again Tiberius

Visit my NexusFi Trade Journal Started this thread Reply With Quote
Thanked by:
  #36 (permalink)
 
rpm123's Avatar
 rpm123 
Green Bay WI
 
Experience: Intermediate
Platform: NT
Broker: AMP/CQG
Trading: 6E
Posts: 321 since Apr 2010
Thanks Given: 337
Thanks Received: 466


Tiberius View Post
Thanks Patrick for your post. Your information has given me more to think about on how to approach the trade. And another way to enter the trade is with the Supertrend, since the SuperTrend can be used as a stand alone strategy. I had left the SharkTrend arrows on the chart even though I wasn't using them. Indeed the SuperTrend arrows would have more value. Tuesday, I will put your YM charts up on the screen and use the ST arrows.

I was waiting for the SharkTrend dot to close. Especially to enter the trade. In retrospect when viewing the SharkTrend, if you stayed with the trade through the white bars and the neutral background, you can rack up some points. I need to find the balance between risk and reward with the SharkTrend. You have given me a new perspective to study tomorrow. Enter the trend with the SuperTrend and stay with the trade with the SharkTrend?

Thanks again Tiberius

Wow, thank you @Tiberius. A little more detail on my approach. I know most people watch a larger chart and trade a smaller chart, but I generally enter on the 20 bar chart, take off 10 quickly, and use the 8 bar chart to manage my runner. I use the 8 bar to manage my first target as well, in that if it goes 16 ticks against me, I might not stick around for my 30 tick catastrophe stop. I'm working on your same last question, getting out on what signal, or discretionaly - It's hard to ignore a long tail. I had paired anaSuperTrend with TSI Jeff TMFT indicator before, but I had never seen the other two you use, and they are very helpful visually. Don't forget to try the jtRangeMarker. It helps visualize the potential of a new range bar - up and down.

Visit my NexusFi Trade Journal Reply With Quote
Thanked by:
  #37 (permalink)
 
Tiberius's Avatar
 Tiberius 
Coos County New Hampshire
 
Experience: Intermediate
Platform: NinjaTrader
Broker: IB
Trading: ES
Posts: 1,552 since Feb 2010
Thanks Given: 2,984
Thanks Received: 3,406


rpm123 View Post
Wow, thank you @ Tiberius. A little more detail on my approach. I know most people watch a larger chart and trade a smaller chart, but I generally enter on the 20 bar chart, take off 10 quickly, and use the 8 bar chart to manage my runner. I use the 8 bar to manage my first target as well, in that if it goes 16 ticks against me, I might not stick around for my 30 tick catastrophe stop. I'm working on your same last question, getting out on what signal, or discretionaly - It's hard to ignore a long tail. I had paired anaSuperTrend with TSI Jeff TMFT indicator before, but I had never seen the other two you use, and they are very helpful visually. Don't forget to try the jtRangeMarker. It helps visualize the potential of a new range bar - up and down.

Thanks Patrick for the update. I have your YM templates up on my trading screen. I have turned off the SharkTrend arrows and turned on the SuperTrend arrows. I am trying to understand all the bells and whistles in the SharkTrend and I colored the MA plots in the box of the indicator specs. I sim traded this morning: in with the SuperTrend, stayng with the SharkTrend, out when the SuperTrend arrow painted, hitting the ST stop.

Other than that I am watching the interplay of the indicators with a newer perspective. And I am also watching the YM and 6E.

Tiberius aka Mikie

Attached Thumbnails
Click image for larger version

Name:	Tuesday.JPG
Views:	250
Size:	335.8 KB
ID:	40374  
Visit my NexusFi Trade Journal Started this thread Reply With Quote
  #38 (permalink)
 
Tiberius's Avatar
 Tiberius 
Coos County New Hampshire
 
Experience: Intermediate
Platform: NinjaTrader
Broker: IB
Trading: ES
Posts: 1,552 since Feb 2010
Thanks Given: 2,984
Thanks Received: 3,406

@ zeller4: and/or @Fat Tails: @sharky:

Hi Fat Tails and zeller4, I understand from Sharky's Classroom that you coded the FTZ_SharkTrend indicator. FT being you, Fat Tails. And Z being you, zeller4. I am trying to understand the parameters (line items) of the indicators and how it relates to the plots on the chart, so I can tweak the indicator for the chart. If you have the inside scoop on the SharkTrend, I could use your help.

I attached an image of the FTZ_SharkTrend with the indicator plots. I will ask a series of questions with my interpretation of the answer and you can correct me if I am wrong. If I can guess correctly.

1) The dotted (dark cyan, maroon) EMA line on the chart? It is MA1 smoothed by MA2 in the "parameters"?
2) The solid (orange, green) line?? I have no idea what this is or how it calculates. Maybe ATR period? Multiplier?
3) The painted price bar? Like the SuperTrend....calculated from the ATR period and multiplier? Maybe MA1 and/or MA2?
4) The arrows?? Calculated like #3...the SuperTrend?

Thanks for your explanatory help........................Tiberius

Attached Thumbnails
Click image for larger version

Name:	FTZ SharkTrend v01(1).JPG
Views:	243
Size:	222.7 KB
ID:	40381  
Visit my NexusFi Trade Journal Started this thread Reply With Quote
  #39 (permalink)
 
Fat Tails's Avatar
 Fat Tails 
Berlin, Europe
Market Wizard
 
Experience: Advanced
Platform: NinjaTrader, MultiCharts
Broker: Interactive Brokers
Trading: Keyboard
Posts: 9,888 since Mar 2010
Thanks Given: 4,242
Thanks Received: 27,102


Tiberius View Post
@Fat Tails

Hi Fat Tails, I understand from Sharky's Classroom that you coded the FTZ_SharkTrend indicator. FT being you. I am trying to understand the parameters (line items) of the indicators and how it relates to the plots on the chart, so I can tweak the indicator for the chart. If you have the inside scoop on the SharkTrend, I could use your help.

I attached an image of the FTZ_SharkTrend with the indicator plots. I will ask a series of questions with my interpretation of the answer and you can correct me if I am wrong. If I can guess correctly.

1) The dotted (dark cyan, maroon) EMA line on the chart? It is MA1 smoothed by MA2 in the "parameters"?
2) The solid (orange, green) line?? I have no idea what this is or how it calculates. Maybe ATR period? Multiplier?
3) The painted price bar? Like the SuperTrend....calculated from the ATR period and multiplier? Maybe MA1 and/or MA2?
4) The arrows?? Calculated like #3...the SuperTrend?

Thanks for your explanatory help........................Tiberius

@ Tiberius:

Unfortunately, I have not coded this indicator. I have never named any indicator after myself, my head is not that big.

I think that @ sharky or @ zeller4 may have coded it. Probably they used some of my indicators or I may have even helped them with the code, but I have no clue, how the indicator works and I don't even have it installed on my machine.

If you post the indicator, I may have a look and answer some of your questions, but you may just as well directly address the author(s).

Reply With Quote
Thanked by:
  #40 (permalink)
 
Tiberius's Avatar
 Tiberius 
Coos County New Hampshire
 
Experience: Intermediate
Platform: NinjaTrader
Broker: IB
Trading: ES
Posts: 1,552 since Feb 2010
Thanks Given: 2,984
Thanks Received: 3,406


just attaching some TSI reading material

Attached Thumbnails
not trading off the seat of my pants-tsi-indy.pdf   not trading off the seat of my pants-tsi_ci_dci-method.pdf  
Visit my NexusFi Trade Journal Started this thread Reply With Quote




Last Updated on July 15, 2011


© 2024 NexusFi™, s.a., All Rights Reserved.
Av Ricardo J. Alfaro, Century Tower, Panama City, Panama, Ph: +507 833-9432 (Panama and Intl), +1 888-312-3001 (USA and Canada)
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.
About Us - Contact Us - Site Rules, Acceptable Use, and Terms and Conditions - Privacy Policy - Downloads - Top
no new posts