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Trading the bigger picture: Scalper Edition
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Trading the bigger picture: Scalper Edition

  #21 (permalink)
Site Administrator
Manta, Ecuador
 
Futures Experience: Advanced
Platform: My own custom solution
Favorite Futures: E-mini ES S&P 500
 
Big Mike's Avatar
 
Posts: 46,240 since Jun 2009
Thanks: 29,353 given, 83,234 received


Nikoli View Post
Very interest ideas.
How Y calculated size?
Why 10946, 4181, 2584 ?



They are fibonacci numbers:
https://futures.io/traders-hideout/117-fibonacci-numbers-list.html

More on my blog:
Big Mike's Trading Blog: Fibonacci, Elliott Waves, Pivots, Murrey Math trading

Mike

Due to time constraints, please do not PM me if your question can be resolved or answered on the forum.

Need help?
1) Stop changing things. No new indicators, charts, or methods. Be consistent with what is in front of you first.
2) Start a journal and post to it daily with the trades you made to show your strengths and weaknesses.
3) Set goals for yourself to reach daily. Make them about how you trade, not how much money you make.
4) Accept responsibility for your actions. Stop looking elsewhere to explain away poor performance.
5) Where to start as a trader? Watch this webinar and read this thread for hundreds of questions and answers.
6)
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  #22 (permalink)
Just starting out...
Arizona
 
Futures Experience: Intermediate
Platform: TOS
Favorite Futures: NQ
 
pmccandless's Avatar
 
Posts: 14 since Apr 2010
Thanks: 0 given, 16 received

Totally agree with the no indicator approach. Hopefully I'll be getting a thread going soon to show examples of my approach with S/R, volume, and price action. Great site!

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  #23 (permalink)
Elite Member
Holland, Michigan
 
Futures Experience: None
Platform: ninjatrader
Broker/Data: CQG
Favorite Futures: Acoustic Guitar
 
trs3042's Avatar
 
Posts: 1,802 since Jun 2009
Thanks: 23,771 given, 5,600 received


Hi Mike,

Is the EOTAavg indie available for NT 6.5??? If so, would you be so kind to post it here.

Thanks

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  #24 (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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Posts: 46,240 since Jun 2009
Thanks: 29,353 given, 83,234 received


trs3042 View Post
Hi Mike,

Is the EOTAavg indie available for NT 6.5??? If so, would you be so kind to post it here.

Thanks

You have to be a member of EOTPro to get the EOT indicators. It is commercial, not free, and not part of futures.io (formerly BMT).

Mike

Due to time constraints, please do not PM me if your question can be resolved or answered on the forum.

Need help?
1) Stop changing things. No new indicators, charts, or methods. Be consistent with what is in front of you first.
2) Start a journal and post to it daily with the trades you made to show your strengths and weaknesses.
3) Set goals for yourself to reach daily. Make them about how you trade, not how much money you make.
4) Accept responsibility for your actions. Stop looking elsewhere to explain away poor performance.
5) Where to start as a trader? Watch this webinar and read this thread for hundreds of questions and answers.
6)
Help using the forum? Watch this video to learn general tips on using the site.

If you want
to support our community, become an Elite Member.

Reply With Quote
The following user says Thank You to Big Mike for this post:
 
  #25 (permalink)
Elite Member
Holland, Michigan
 
Futures Experience: None
Platform: ninjatrader
Broker/Data: CQG
Favorite Futures: Acoustic Guitar
 
trs3042's Avatar
 
Posts: 1,802 since Jun 2009
Thanks: 23,771 given, 5,600 received

Ok. Thanks for your quick response. Have a great weekend Mike.

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  #26 (permalink)
Elite Member
Italy - Roma
 
Futures Experience: Intermediate
Platform: Sierra Chart
Broker/Data: IB
Favorite Futures: Index futures
 
jagui's Avatar
 
Posts: 195 since Jul 2010
Thanks: 248 given, 278 received

Hi Mike, good post about using three timeframes. I've been using 3 tfs for a long time, just after reading "Come into my trading room" from Alexander Elder. In his book Elder call this a "Triple Screen" and devotes a big part of the book to this concept.

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  #27 (permalink)
Elite Member
Fort Lauderdale, Florida. USA
 
Futures Experience: Beginner
Platform: NT
Broker/Data: CQG
Favorite Futures: YM,CL
 
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Posts: 136 since Mar 2011
Thanks: 448 given, 60 received


RJay View Post
Hi Zeller,

I confess, I posted the RangeNoGap bar chart.

NT's Range bar chart annoyed me. So I modified it slightly.

Their 4 tick range bars actually needs 5 ticks to form properly.

4 ticks plus the 1 tick gap.

I removed the gap.

If you want to do a side by side comparison, set NT's range bars to 4 ticks and NoGap to 5 ticks.

As far as indicators are concerned, I believe the only differences are seen on indicators that use bar "Open" series data.

I believe NT's Range Bar "Open' series is providing wrong data.

NT and I agree to disagree on this "Open" series data issue.

High, Low, and Close remain the same. ( that's nearly all indicators with no differences.)

RJay

Hi Rjay, I know this post has few weeks already....but caught my attention your commentary about using "open" and the disagreement with NT. How are we these days on that matter?
I do use your 4 range no gaps, the 4 range from ninja is awfull. Regards.

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  #28 (permalink)
Elite Member
madrid spain
 
Futures Experience: Beginner
Platform: nt
Favorite Futures: None.
 
alejo's Avatar
 
Posts: 1,311 since Apr 2013
Thanks: 16,557 given, 643 received

when have you finish to be scalper?

hi, mike, i receive a lot of recomendation to not be scalper, and i see here that you were considerer yourself (2009) scalper, when did you finished?
i feel i am scalper, i started to enter at the low or high the vol prof, with minimum risk, and target the other extreme the vol prof, but i realized that a lot of moves only went little ticks, then i test to catch these, +1,+2,+3, and then i realized that +3 and more where less event ocurrences, and whith the consistency in mind, as everybody says, that consistency is the key, work more on that, an now, i move on the +1,+3tick, with highwin%, and low std dev winings, low dd, and now i am testing myself if i can manage live that, and how will be the risk tolerance ,to foudn out if i can swing 30 lots of that strategy
i considerer this process very usefull, and it was thansk to you recomendation"start journaling i stop to working on the mind"
thanks for your job
alejo

La lucha es de igual a igual contra uno mismo
The fight is fair against oneself
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