Counter trend Indicator - Traders Hideout | futures io social day trading
futures io futures trading


Counter trend Indicator
Updated: Views / Replies:5,646 / 15
Created: by emini_Holy_Grail Attachments:1

Welcome to futures io.

(If you already have an account, login at the top of the page)

futures io is the largest futures trading community on the planet, with over 90,000 members. At futures io, our goal has always been and always will be to create a friendly, positive, forward-thinking community where members can openly share and discuss everything the world of trading has to offer. The community is one of the friendliest you will find on any subject, with members going out of their way to help others. Some of the primary differences between futures io and other trading sites revolve around the standards of our community. Those standards include a code of conduct for our members, as well as extremely high standards that govern which partners we do business with, and which products or services we recommend to our members.

At futures io, our focus is on quality education. No hype, gimmicks, or secret sauce. The truth is: trading is hard. To succeed, you need to surround yourself with the right support system, educational content, and trading mentors Ė all of which you can find on futures io, utilizing our social trading environment.

With futures io, you can find honest trading reviews on brokers, trading rooms, indicator packages, trading strategies, and much more. Our trading review process is highly moderated to ensure that only genuine users are allowed, so you donít need to worry about fake reviews.

We are fundamentally different than most other trading sites:
  • We are here to help. Just let us know what you need.
  • We work extremely hard to keep things positive in our community.
  • We do not tolerate rude behavior, trolling, or vendors advertising in posts.
  • We firmly believe in and encourage sharing. The holy grail is within you, we can help you find it.
  • We expect our members to participate and become a part of the community. Help yourself by helping others.

You'll need to register in order to view the content of the threads and start contributing to our community.  It's free and simple.

-- Big Mike, Site Administrator

Reply
 1  
 
Thread Tools Search this Thread
 

Counter trend Indicator

  #11 (permalink)
Elite Member
Dallas,TX
 
Futures Experience: Intermediate
Platform: NinjaTrader, OpenQuant
Broker/Data: Zaner/Zen Fire
Favorite Futures: ES,6E,6B,GC,CL
 
Posts: 590 since Nov 2009
Thanks: 176 given, 116 received

thks Cory and appreciate it. I will try the collective MA

Reply With Quote
 
  #12 (permalink)
Elite Member
Florida
 
Futures Experience: Intermediate
Platform: NT7
Favorite Futures: CL, NQ, NG
 
Posts: 456 since Jun 2009
Thanks: 1,359 given, 383 received

emini_H_G

Attached is a screenshot showing an example of the double-bottom outside/inside the Bollinger bands. The black SMA (period 1) is showing the line-on-close so you can see the minor swings better. The Swing_temp indicator is shown which picks up the inside bottom where we finally have a move back to the 20SMA.

Unfortunately, this is a hand-picked screenshot with 20/20 hindsight. With this type of countertrend trade, you'd need plenty of screen time to practice entries for this. You can see by scrolling forward / backward through these types of trades that you'd need additional filters or ways to avoid chop or fake-outs.

Hope that helps.

Kirk

Attached Thumbnails
Counter trend Indicator-6e-03-10-2_11_2010-6-range-.jpg  
Reply With Quote
The following 3 users say Thank You to zeller4 for this post:
 
  #13 (permalink)
Elite Member
Dallas,TX
 
Futures Experience: Intermediate
Platform: NinjaTrader, OpenQuant
Broker/Data: Zaner/Zen Fire
Favorite Futures: ES,6E,6B,GC,CL
 
Posts: 590 since Nov 2009
Thanks: 176 given, 116 received


Thks Kirk for making a chart for me. really appreciate it.

Reply With Quote
 
  #14 (permalink)
Elite Member
tucson
 
Futures Experience: Advanced
Platform: Sierra Charts , Sceeto andTOS
Broker/Data: AMP-Rithmic
Favorite Futures: ES
 
Posts: 13 since Feb 2010
Thanks: 1 given, 24 received

contratrend indicator

in tranding days no indicator will help you but trend days is only less than 20% so if you want to try in rotational day you trade the extrimes of the range ,or extrim of valeu areas with market profile or something I like better the hi volume areas and the low volume areas using volume at price ....in this days Bolinger bands will work fine too.

In tren day you have to be with the trend...delta divergence and $tick divergence and all the others divergences will not work.

Reply With Quote
 
  #15 (permalink)
Elite Member
Dallas,TX
 
Futures Experience: Intermediate
Platform: NinjaTrader, OpenQuant
Broker/Data: Zaner/Zen Fire
Favorite Futures: ES,6E,6B,GC,CL
 
Posts: 590 since Nov 2009
Thanks: 176 given, 116 received

Kirk - I did see last week's chart and saw many places where 1st bar is outside the band and 2nd closed inside the band.

1)choice 1 exactly as you said
http://www.onlinetradingconcepts.com...gerBands2.html

2) choice 2

I see this one as contrary to choice 1, as it says sell, when it bar closed lower band as it breaks support and also buy when bar breaks upper band at his resistance and this is opposite to normal theory. any idea when we should be careful and use this?

http://www.onlinetradingconcepts.com...gerBands3.html

Thks again for your help

Reply With Quote
 
  #16 (permalink)
Elite Member
Florida
 
Futures Experience: Intermediate
Platform: NT7
Favorite Futures: CL, NQ, NG
 
Posts: 456 since Jun 2009
Thanks: 1,359 given, 383 received

look up "walking the bands" also as this would show you trending trades when it hits / closes outside the rising upper band but continues to follow the band.

Stock picks for trending stocks.

I've yet to code a way to pick up the double-tops or -bottoms for the countertrend trading you're looking for. Maybe someone has a good strategy based on DT / DB entries that could use the BBands for confirmation and targets.

enjoy your studies!

Kirk

Reply With Quote
The following user says Thank You to zeller4 for this post:

Reply



futures io > > > Counter trend Indicator

Thread Tools Search this Thread
Search this Thread:

Advanced Search



Upcoming Webinars and Events (4:30PM ET unless noted)

Linda Bradford Raschke: Reading The Tape

Elite only

Adam Grimes: TBA

Elite only

NinjaTrader: TBA

January

Ran Aroussi: TBA

Elite only
     

Similar Threads
Thread Thread Starter Forum Replies Last Post
trend channel indicator available? subterfuge NinjaTrader Programming 22 August 28th, 2015 04:30 AM
Range Counter / Tick Counter / Bar Timer zeller4 NinjaTrader 20 August 10th, 2015 04:01 PM
Ray's anti counter trend trading journal Rayzor Trading Journals 24 September 12th, 2011 03:58 AM
Needs help with an MT4 trend indicator...TMA raindrop NinjaTrader Programming 5 April 26th, 2011 12:05 AM
why trade Counter Trend emini_Holy_Grail Traders Hideout 7 May 2nd, 2010 11:18 AM


All times are GMT -4. The time now is 12:56 AM.

Copyright © 2017 by futures io, s.a., Av Ricardo J. Alfaro, Century Tower, Panama, +507 833-9432, info@futures.io
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.
no new posts
Page generated 2017-12-11 in 0.09 seconds with 20 queries on phoenix via your IP 107.20.115.174