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Scalping the DOW
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Created: by sillykiddo Attachments:17

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Scalping the DOW

  #21 (permalink)
Just a boy
Auckland, New Zealand
 
Futures Experience: Beginner
Platform: Sierra Chart
Broker/Data: AMP/CQG
Favorite Futures: Whatever moves in my timezone
 
Posts: 1,803 since Sep 2009
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Hi Ban,

I think timezones are going to conspire against us, so I thought I would get a couple of questions away now and then fire up the indicators again while you sleep - I did put them on my charts yesterday but I thought d9Particle was very close to CCI crosses, so this time I will pay more attention to the predict and deTrend values.

For your Trade1 you have marked your exit with a line of yellow hashes. Your arrow points to the RH end of the hashes, but I take it you would have been exited when a bar first crossed the TrippleMA ie the 2nd to last blue bar - near the first yellow hash on the LH side. Is this correct?

For Trade2 your arrow again points to the RH end of the yellow hashes, but I assume you were exited at the 3rd to last red bar or maybe the last one (image not clear enough) near the LH side of the yellow hashes - correct?

Assuming my observation is right, why would you have not taken the next short at 11am, is it because of the predict vs deTrend values or maybe because price was in the middle of the 7R BBs.

With Trade3 (the one you did not take) would you not have been stopped out on the 5th bar with a breech of the Trailing Stop for a loss?

I will study all this a bit more on my charts soon.

Thanks for the time you are spending helping us.

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  #22 (permalink)
 Vendor: www.tradersforce.com 
Dallas,tx
 
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benbrooke's Avatar
 
Posts: 430 since Aug 2009
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you correct about exits i exit when the bar closes above the Triple EMA
you correct again about the predict i like to use this to avoid trades

i didnt took the last trade because i was up nicely for the day and reach my daily target.
but you are right about stopping out , this is not 100% system but it work nicely.

also you have to remember that at 11:41 this is lunch time and i dont really like to initiate new trades (if i am in a trade i will keep it)

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  #23 (permalink)
 Vendor: www.tradersforce.com 
Dallas,tx
 
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benbrooke's Avatar
 
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D9 System Trades today


Guy ,

here are my 2 trades today
my target is 8-10 PT daily on 2 Lots

in the picture you will see more valid trades but i didnt trade those , one Failed or B/E and two more wins.

Attached Thumbnails
Scalping the DOW-playoftheda11y.jpg  
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  #24 (permalink)
Elite Member
Denver, CO
 
Futures Experience: Beginner
Platform: NT
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Posts: 74 since Jul 2009
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Hey Ban,

Thanks for posting your chart. I'm trading in SIm right now. I didn't get to take the first trade, but I did take the next 3 trades, with a total of 7 pts. I kind of messed up an entry but still learning.

Again, thank you for sharing!

Cheers,
lipton

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  #25 (permalink)
 Vendor: www.tradersforce.com 
Dallas,tx
 
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benbrooke's Avatar
 
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glad i can help , good job! :-)

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  #26 (permalink)
Just a boy
Auckland, New Zealand
 
Futures Experience: Beginner
Platform: Sierra Chart
Broker/Data: AMP/CQG
Favorite Futures: Whatever moves in my timezone
 
Posts: 1,803 since Sep 2009
Thanks: 3,165 given, 1,372 received

Hi Ban,

Thanks for today's image, that has helped me a lot because I went through the trades and analysed them as well and have a couple of comments/questions:

1/ I have attached my version of the day ending at exactly the same time as yours. Interesting that our Detrend and Predict values in the bottom right are slightly different. But I also note the Detrend line on your and my charts is noticeably different in parts - see 11am to 11.08 am your time. (to confuse you my chart is on German time as I trade the FESX - take 7 hrs off the German time to get your Central time).

2/ Take your first long trade as an example. I am trying to understand how you use the Detrend and Predict values when making a trade decision. Firstly I assume you are using the values in the bottom right of the screen, not the current value of the line plot on the graph? On the 4R the following were the Predict (stated first) and the Detrend (stated last) values for the signal bar (one with arrow) and the preceding four bars leading up to the signal: 15 & 23, 16 & 25, 17 & 26, -22 & -12, -25 & -32. As I understood your previous explanation none of these (except the last and oldest bar) confirm a long as all the Predict values are less than the Detrend. Have I missed something? In fact I found that the values on the 7R were more reliable ie for the 7R bar that covered the 4R signal and the two preceding 7R bars, here are the 7R readings: -36 & -49, -35 & -58, -29 & -57 - so all these had the Predict value higher than Detrend and therefore confirm the long signal on the 4R.

I noticed this event with the 4R Predict and Detrend values not confirming the trade direction on most of today's signals I reviewed.

2/ I assume that even when you get the zero line cross, you do not enter the trade until you have the correct colored price bar, otherwise you don't get any valid trailing stop signals. In one case today, the bars never turned the correct color and would therefore have kept me out of a losing trade.

3/ The signal at 17.23 (10.23 your time) I would not have taken anyway as price had not touched the bottom BB since the last short signal.

4/ Ban, as an aside do your trading rules include a news blackout, I note you have a lunch one.

5/ Have you found a way to change the color for the numbers for Detrend and Predict in bottom right - in particular I find the green hard to see sometimes (old age).

Attached Thumbnails
Scalping the DOW-es-12-09-11_11_2009-4-range-banbrooke.jpg  
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  #27 (permalink)
Banned: trolling
NYC + NY / USA
 
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kronie's Avatar
 
Posts: 798 since Oct 2009
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this is a very good thread,

Banbrooke, thanks for your efforts and charts, as the others mentioned, I too wouldn't mind adopting this method of trading too, at least sample it and see how it changes my bottom line, and the mid line and the topline for that matter (humor)

thanks

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  #28 (permalink)
 Vendor: www.tradersforce.com 
Dallas,tx
 
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benbrooke's Avatar
 
Posts: 430 since Aug 2009
Thanks: 216 given, 484 received

Steve,

the detrend and predict values are not correct on my chart you this is a previous values , when i created the picture i didnt showed all day trading
this is the reason why our values are different

Before i took the trade i am ONLY monitoring the direction of the detrend remember we want to see D9 cross above 0 the detrend just warn us of change , this is not out trigger for the trend my warning come from those values and the BB

as for the bar colors when D9 crosses above 0 you will see blue bar which will signal you to enter the trade and if not you can avoid the trade or wait for the blue bar
but i will take it regardless the bar color but i do like your idea .

if i wasn't in profit i will take the 10:23 signal because of proximity to the band even if its not touch the BB lines , but this doesnt mean that its will work

as for my rules ,

1. dont trade lunch time
2. dont trade after market
3. trade pre market from 7:00 my time but not must
4. news i use different system (i use divergence on small time frame 1Range)
5.for scalping i like to see where prices in relation to the 15 Min (diffrent system) - above i am long below i am short
6. for scalping i fade first test pivot point S1, S2 PP, R1,R2
7. for scalping i fade first test to 20EMA on 5 Min chart

i have two accounts to play with , one for long term (D9)
and second for Scalping (dont trade it every day) thats it easy right :-)

i didnt find the way to change the colors of the detrend numbers

Ban.

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  #29 (permalink)
Just a boy
Auckland, New Zealand
 
Futures Experience: Beginner
Platform: Sierra Chart
Broker/Data: AMP/CQG
Favorite Futures: Whatever moves in my timezone
 
Posts: 1,803 since Sep 2009
Thanks: 3,165 given, 1,372 received

Thanks Ban, continue to appreciate this attention of yours.

Two other quick questions for today:

1/ How did you go on Monday with this system ie the big long all day up trend?

2/ How long have you been trading the d9 method?

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  #30 (permalink)
 Vendor: www.tradersforce.com 
Dallas,tx
 
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Platform: Market Delta
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benbrooke's Avatar
 
Posts: 430 since Aug 2009
Thanks: 216 given, 484 received


Steve ,

on Monday i had 3 nice trades but i didnt get all the move but i still reach my target
i use the D9 system for the last 2 month before that i was using SMI system (on Tradestation) which works very nice for me and now i am hooked on the D9 , i am always excited to learn new indicator as long its simple.

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