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The Italian Job
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Created: by redratsal Attachments:31

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The Italian Job

  #551 (permalink)
Elite Member
Milan (I)
 
Futures Experience: Advanced
Platform: Ninjatrader
Broker/Data: Kinetick
Favorite Futures: FDAX,6E,CL,YM,NQ,ES
 
redratsal's Avatar
 
Posts: 1,653 since Oct 2010
Thanks: 1,217 given, 2,067 received


PeterOhlson View Post
redratsal, would you mind telling me what session template you're using for 6E and ES?

For range charts I use

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you can find the link here:

https://futures.io/ninjatrader/11097-vwap-volume-weighted-average-price-bands-7.html#post141250

For minute charts I use the NT default setting

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For 6E or other instruments you can refer here post #6:

https://futures.io/elite-circle/6055-correct-sessions-your-charts.html


Last edited by redratsal; November 10th, 2011 at 04:26 AM.
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  #552 (permalink)
Elite Member
Milan (I)
 
Futures Experience: Advanced
Platform: Ninjatrader
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Favorite Futures: FDAX,6E,CL,YM,NQ,ES
 
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Posts: 1,653 since Oct 2010
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ES short 10 contracts, target near S +737$

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I am purposely increasing the number of contracts (adding in) to verify the retracement capacity of ES over vwap 2SD in a trending situation like today

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  #553 (permalink)
Elite Member
Milan (I)
 
Futures Experience: Advanced
Platform: Ninjatrader
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Favorite Futures: FDAX,6E,CL,YM,NQ,ES
 
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YM


YM 10 contracts short, target on S +720$

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*
same note as prior trade

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  #554 (permalink)
Elite Member
Milan (I)
 
Futures Experience: Advanced
Platform: Ninjatrader
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Favorite Futures: FDAX,6E,CL,YM,NQ,ES
 
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Posts: 1,653 since Oct 2010
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Perfect bounce of ES and YM on Vwap

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  #555 (permalink)
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Germany
 
Futures Experience: Intermediate
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redratsal View Post
For range charts I use

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you can find the link here:

https://futures.io/ninjatrader/11097-vwap-volume-weighted-average-price-bands-7.html#post141250

For minute charts I use the NT default setting

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For 6E or other instruments you can refer here post #6:

https://futures.io/elite-circle/6055-correct-sessions-your-charts.html

This makes sense, but doesn't using different session templates for range/minute create a difference in the VWAP calculation between the two charts? Just a thought, but maybe the difference is so small it doesn't matter

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  #556 (permalink)
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PeterOhlson View Post
This makes sense, but doesn't using different session templates for range/minute create a difference in the VWAP calculation between the two charts? Just a thought, but maybe the difference is so small it doesn't matter

Not if you are using Fat Tails Vwap and set it to Hybrid. There might be a small difference between range vs minute charts but it is very small like 1 tick.

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  #557 (permalink)
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Indicators

Dear
let me know where are these indicators as i could not find them here.

Fibonacci Zones
- Auction bars
- Vwap

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  #558 (permalink)
Elite Member
Milan (I)
 
Futures Experience: Advanced
Platform: Ninjatrader
Broker/Data: Kinetick
Favorite Futures: FDAX,6E,CL,YM,NQ,ES
 
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Posts: 1,653 since Oct 2010
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rajafx1 View Post
Dear
let me know where are these indicators as i could not find them here.

Fibonacci Zones
- Auction bars
- Vwap


I added in the quick summary https://futures.io/traders-hideout/11184-italian-job.html, all links to my indicators

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  #559 (permalink)
Elite Member
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Futures Experience: Advanced
Platform: Ninjatrader
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Favorite Futures: FDAX,6E,CL,YM,NQ,ES
 
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Posts: 1,653 since Oct 2010
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Webinars

I like all webinars on futures.io (formerly BMT), and I think from each and everyone there is something interesting to catch (it's 1000 times worth the elite fee for futures.io (formerly BMT)). Speaking about the webinar Master the Gap by Scott Andrew I know his method, as I used to fade the gap with my own system and Scott is a benchmark in the trading industry for this kind of method. Using a percentage of the last 5 days Average True Range, makes absolutely sense to me to define a managing stop for the day. This solution can be applied to the italian job with the difference that Scott enters the trade with the opening of the market whereas I enter the trade during the market. Instead of using 30% of 5 ATR I will be using 100% of 5 and 10 ATR as stop targets. My management stop will therefore not be fixed to 5000 USD but will follow the ATR indy in function of the daily volatility. I will use the sessionvolatility bands by FT Downloads - NinjaTrader 7 Indicators - Big Mike's Trading Forum and set my stops below (long) or above (short) the bands. The intent of this solution is to reduce the risk of a 5000 USD stop due to over scaling in because the market is running strongly against me (the market is not rebouncing over vwap 2sd but it's running on the band).

With concern to the italian job. do not give too much importance to my equity curve, as I mentioned several times, this is a discretionary method and the results might strongly change from user to user. As Scott mentioned during the webinar, I do not reccomend TIJ, but it fits my personality and I am trying to master it in order to avoid the riskiest scenarios and understand its mechanics to make it profitable. This is a short spot video on the subject, I hope Mike doesn't mind:


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  #560 (permalink)
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Futures Experience: Advanced
Platform: Ninjatrader
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Posts: 1,653 since Oct 2010
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ES long 2 contracts, target R +450$

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