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All you need
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Created: by Jeff Castille Attachments:534

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All you need

  #1051 (permalink)
Trade with the flow
Paris, France
 
Futures Experience: Advanced
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Here are my trades for ES 6 range this morning. I put the indicators on my chart but I didn't really use them. As you can see, 2/3 trades would not have been allowed by the MA colors. They were all profitable.

All after commissions
Trade 1 : 2.17 pts
Trade 2 : 2.92 pts
Trade 3 : 2.67 pts

Today was an unusual day because it was a big trend down from the open, so any entry short would have worked. I'll try it on another day and see.

My opinion is that these MA's can prevent someone from getting into a bad trade, but they can also prevent someone from getting into a good trade. So I don't think I need them, but I'm going over some charts from the past few weeks to see if they could have prevented more bad trades than good trades they would have prevented. Basically would this help me? One day is not enough to decide.

Everyone is different so those who need a little extra help may find comfort in trading with these indicators. My only word of caution is to be careful of optimizing them and the range setting of the chart. It's easy to look back and say "this would have worked great on a 6 range with ma settings of x,y,z" but in reality you have to choose these before the trading day starts.

Finally, i don't know if it's my computer but when I have these indicators NT consumes massive memory (over 1 gig) and slows down to a crawl. Maybe they are computation intensive. I really can't use them because of this.

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PS: I put HMA & WMA cause I was playing around with settings..

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  #1052 (permalink)
Elite Member
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Jeff Castille's Avatar
 
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ES

Hey Cunparis,

Your chart looks pretty but the settings.........well, may I suggest the following.

Here's a 6 range bar chart with the EMA on 20 with the angle set to 20/50 and an SMA 4 set to 30/60. You like?

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All you need-es-12-09-9_30_2009-6-range-.jpg  
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  #1053 (permalink)
Elite Member
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Futures Experience: Intermediate
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Jeff Castille's Avatar
 
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Second thoughts


On second thought.......I think that I like the WMA 4 better. Angle setting 20/50.

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  #1054 (permalink)
Trade with the flow
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Posts: 2,563 since Jun 2009
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Jeff Castille View Post
Hey Cunparis,

Your chart looks pretty but the settings.........well, may I suggest the following.

Here's a 6 range bar chart with the EMA on 20 with the angle set to 20/50 and an SMA 4 set to 30/60. You like?

Yes, but this is an example of what I was saying in my previous post. If you optimize your chart for a given day you have to test it over a lot of days to make sure it's a good setting. I imagine your settings work well today on a trend day but on a chop day they may authorize bad trades.

I don't understand 20/50. From what I understand the angle is centered at 45 (think of a right angle at 90 degrees). So 30/60 and 20/70 are equal distant from the center. It seems 20/50 would be lopsided to one side. Maybe I've misunderstood how the angle works.

So far I'm liking 20/70.

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  #1055 (permalink)
Trade with the flow
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Jeff Castille View Post
On second thought.......I think that I like the WMA 4 better. Angle setting 20/50.

Jeff - you're optimizing your settings to see what would have authorized the maximum number of trades on a specific day. If you have a trend day I don't think you need any indicators.

On a chop day I doubt those settings would work. Try it and post a chart.

9-11 is a good example of a chop day. I'm currently playing with it.

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  #1056 (permalink)
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9/11

OK.....9/11 it is. 4 signals.....looks like one stop out.

Of course you were remembering the news at 7:00 PST weren't you?

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  #1057 (permalink)
Trade with the flow
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Jeff Castille View Post
OK.....9/11 it is. 4 signals.....looks like one stop out.

Of course you were remembering the news at 7:00 PST weren't you?

I always forget to check for news in the past.

What's your stop & profit target? I'm having trouble getting something that works without having a high risk low reward ratio. That could be ok if I could win > 66% of the time but that's not easy to do.

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  #1058 (permalink)
Trade with the flow
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Jeff Castille View Post
OK.....9/11 it is. 4 signals.....looks like one stop out.

Of course you were remembering the news at 7:00 PST weren't you?

Can you do 9/21 please?

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  #1059 (permalink)
Trade with the flow
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Thanks: 1,157 given, 2,032 received


cunparis View Post
Can you do 9/21 please?

Herés mine:

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  #1060 (permalink)
Elite Member
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By special request


9/22 it is.

It looks like 4 possible trades. The last trade of the day looks iffy. Depending on your entry criteria the last trade could have worked. But the others were good.

One thing to remember is that the indicators were tweaked because of the big run up pre-market. (that's why there were no trades earlier in the day.)

I think these setting work well even on a choppy day.

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