NexusFi: Find Your Edge


Home Menu

 





Trading the bigger picture: Scalper Edition


Discussion in Traders Hideout

Updated
      Top Posters
    1. looks_one Big Mike with 10 posts (48 thanks)
    2. looks_two Todd with 3 posts (1 thanks)
    3. looks_3 Peter2150 with 2 posts (0 thanks)
    4. looks_4 trs3042 with 2 posts (2 thanks)
      Best Posters
    1. looks_one Big Mike with 4.8 thanks per post
    2. looks_two trs3042 with 1 thanks per post
    3. looks_3 milford with 1 thanks per post
    4. looks_4 Todd with 0.3 thanks per post
    1. trending_up 20,658 views
    2. thumb_up 59 thanks given
    3. group 29 followers
    1. forum 27 posts
    2. attach_file 6 attachments




 
Search this Thread

Trading the bigger picture: Scalper Edition

  #11 (permalink)
 zeller4 
Orlando Florida
 
Experience: Intermediate
Platform: NT8
Trading: CL, NQ, ES, RTY
Posts: 477 since Jun 2009
Thanks Given: 1,416
Thanks Received: 404


Todd View Post
Mike,

Thanks for sharing these charts. I've been looking at ZN on a (3 RangeNoGap) ...

...Thanks for sharing,
Todd

Todd,
I also have Ninja but what's a "RangeNoGap" chart...

Do you see the open of the new candle at the same level as the close of the previous?

Kirk

Reply With Quote
Thanked by:

Can you help answer these questions
from other members on NexusFi?
Better Renko Gaps
The Elite Circle
ZombieSqueeze
Platforms and Indicators
My NT8 Volume Profile Split by Asian/Euro/Open
NinjaTrader
Are there any eval firms that allow you to sink to your …
Traders Hideout
NT7 Indicator Script Troubleshooting - Camarilla Pivots
NinjaTrader
 
  #12 (permalink)
 
Todd's Avatar
 Todd 
Alpharetta, GA
 
Experience: Intermediate
Platform: ninja
Broker: Mirus / Zenfire
Trading: ES
Posts: 234 since Jun 2009
Thanks Given: 28
Thanks Received: 40

Zeller,

The RangeNoGap is just a bar type that is somewhere on this forum. It's the same as range bar but there is no gap between the top of 1 bar and bottom of next higher bar. Actually, with the ModHA2 bars that I use there is no difference between in appearance between range and rangenogap.

Todd

Reply With Quote
  #13 (permalink)
Neal
Dallas
 
Posts: 23 since Jun 2009
Thanks Given: 27
Thanks Received: 27


Zeller,
The way the standard 4 range bar plots is different than a 4 RangeNoGap bar, so this will impact indicators and strategies. Put the two side by side and watch how they respond to live price action to get a sense of which you may prefer.
Good trading

Reply With Quote
Thanked by:
  #14 (permalink)
 
RJay's Avatar
 RJay 
Hartford, CT. USA
 
Experience: Intermediate
Platform: NinjaTrader
Broker: AMP/CQG, Kinetick
Trading: RTY
Posts: 682 since Jun 2009
Thanks Given: 757
Thanks Received: 787

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

Reply With Quote
Thanked by:
  #15 (permalink)
 Peter2150 
Washington DC
 
Experience: Intermediate
Platform: NinjaTrader
Posts: 210 since Jun 2009
Thanks Given: 110
Thanks Received: 117

Hi Mike

This thread touched home, as I've been playing with this concept. Two questions.

1. Where did the 10946,4181, and 2584 come from?

2. Do you see any value in having them multiples of each other like say 2500,7500, and 15000?

Thanks, Pete

Reply With Quote
  #16 (permalink)
 
Big Mike's Avatar
 Big Mike 
Manta, Ecuador
Site Administrator
Developer
Swing Trader
 
Experience: Advanced
Platform: Custom solution
Broker: IBKR
Trading: Stocks & Futures
Frequency: Every few days
Duration: Weeks
Posts: 50,397 since Jun 2009
Thanks Given: 33,173
Thanks Received: 101,537


Peter2150 View Post
Hi Mike

This thread touched home, as I've been playing with this concept. Two questions.

1. Where did the 10946,4181, and 2584 come from?

2. Do you see any value in having them multiples of each other like say 2500,7500, and 15000?

Thanks, Pete

Hi Pete

The 2584, 4181, and 10946 are fibonacci numbers. Check out this list:


Yes your approach of having multiples would be fine as well, the idea is to simply be able to see the big picture (entire day), the medium picture (reversals in trend) and the small picture (entries).

Mike

We're here to help: just ask the community or contact our Help Desk

Quick Links: Change your Username or Register as a Vendor
Searching for trading reviews? Review this list
Lifetime Elite Membership: Sign-up for only $149 USD
Exclusive money saving offers from our Site Sponsors: Browse Offers
Report problems with the site: Using the NexusFi changelog thread
Follow me on Twitter Visit my NexusFi Trade Journal Started this thread Reply With Quote
  #17 (permalink)
 Peter2150 
Washington DC
 
Experience: Intermediate
Platform: NinjaTrader
Posts: 210 since Jun 2009
Thanks Given: 110
Thanks Received: 117


Big Mike View Post
Hi Pete

The 2584, 4181, and 10946 are fibonacci numbers. Check out this list:


Yes your approach of having multiples would be fine as well, the idea is to simply be able to see the big picture (entire day), the medium picture (reversals in trend) and the small picture (entries).

Mike

Thanks Mike

Big Duh. 8,13,21,34,and 55, and I'd have known immediately, but the big boy's, never dawned on me.

Pete

Reply With Quote
  #18 (permalink)
 
Big Mike's Avatar
 Big Mike 
Manta, Ecuador
Site Administrator
Developer
Swing Trader
 
Experience: Advanced
Platform: Custom solution
Broker: IBKR
Trading: Stocks & Futures
Frequency: Every few days
Duration: Weeks
Posts: 50,397 since Jun 2009
Thanks Given: 33,173
Thanks Received: 101,537

This video in the download section touches on this subject again. Check it out if interested:

Downloads - Educational - nexusfi.com (formerly [AUTOLINK]BMT[/AUTOLINK]) Video: June 26 2009 - [AUTOLINK]Big Mike Trading[/AUTOLINK] Forum

Mike

We're here to help: just ask the community or contact our Help Desk

Quick Links: Change your Username or Register as a Vendor
Searching for trading reviews? Review this list
Lifetime Elite Membership: Sign-up for only $149 USD
Exclusive money saving offers from our Site Sponsors: Browse Offers
Report problems with the site: Using the NexusFi changelog thread
Follow me on Twitter Visit my NexusFi Trade Journal Started this thread Reply With Quote
Thanked by:
  #19 (permalink)
 tradingonvolume 
Rhode Island, USA
 
Experience: Intermediate
Platform: Multicharts
Trading: Any Instrument
Posts: 48 since Jul 2009
Thanks Given: 69
Thanks Received: 73

Mike, I know you trade a bit different now but does that negate this way of looking at things. Is this thread and style still applicable or did you stop using it because it stopped working?
Thanks!

Reply With Quote
Thanked by:
  #20 (permalink)
Nikoli
NY
 
Posts: 1 since Mar 2010
Thanks Given: 0
Thanks Received: 0



Big Mike View Post
Big chart
Size: 10946 volume.
Purpose: Big picture trend.

Medium chart
Size: 4181 volume.
Purpose: Identify reversals.

Small chart
Size: 2584 volume, or 3/4 range. (subjective)
Purpose: Timing your entry.

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

Reply With Quote




Last Updated on November 19, 2013


© 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