All you need

November 7th, 2009, 11:20 AM

Jeff Castille

Excellent observation !!!! The dots don't print until the bars turn blue.

You don't need the dots. The price is telling you all you need to know.

So, the dots print the prior bar as if they are a bar faster when in reality they aren't.

In that case, your absolutely correct--I don't need dots.

November 7th, 2009, 11:26 AM

Jeff Castille

Hey Johnny Cash,

Lately I have recieved a variety of comments about this thread. Some like yours " clean and easy to understand" and others that say "I've read to whole thread and I still don't know what you are talking about".......well I wonder......which is it?

So......I'd like to make a request of you and anyone else that cares to respond.(Zoethecus) Post a synopsis of this thread. You don't have to write a book.....just a brief overview of what this thread is about......just the salient points. I would like to see what people come away with after reading this thread.

Thanks so much, Jeff

Post #1- All you need
To me simple is better..... I don't want to look at too many indicators. Besides, all indicators are doing is telling me is what the price is doing so.... why not learn to read price action? ............

I agree .

I follow along with your thread Jeff and enjoy it greatly . What I enjoy about it is the fact that you are willing to give everything a chance to prove if its worth . I especially agree with you when you stress to others that finding your own combos or templates is most critical .

Keep up the good work .

November 7th, 2009, 11:26 AM

Dragon

Agreed! -sigh- Jeff you are too kind... I very much respect your intent there.

Zoethecus, as a "Dot developer" I can say I am not filthy rich yet at all.

Dragon, unfortunately both you and Jeff failed to see the tongue in cheek intention of my post.

November 7th, 2009, 11:29 AM

cunparis

The repainting is necessary if you want it to display as a line on the chart. If you don't have the repainting the line will not be continuous around color changes.

If you disable the repainting (you can comment out the repaint lines in the code) and set it to dots or hash, then it's ok.

What I've found in comparing the two is that when you have repainting off, you sometimes get a 1 bar change or colors flipping back and forth: red red red blue red blue blue blue. These aren't visible on Jeff's charts. I prefer not-repainting for one reason: If you go back and look at historical charts and your indicator is repainting, you won't see the same thing you see real time. So if you work on a strategy and then try it in real time you'll get more false alerts.

I like to manually backtest my ideas and setups so I prefer not to have repainting. This means I can't put the LR as a line on panel one. But I prefer it on panel 2 to keep panel 1 clean. It's a personal choice.

Yes Cunparis

I like to put them as dots/bars at the bottom of my screen so the top of
the screen looks clean as I draw trendlines. I just hate repaints.

Skid

November 7th, 2009, 11:32 AM

Jeff Castille

OK.....I am a softy......by special request I have posted two templates.

The only reason that I have resisted posting templates is that I believe setting up your own templates develops a mastery of your platform and an understanding of your indicators that is critical.

That being said......here they are. It's just two indicators....the linear regression which I posted last night for Skid......set on 21 and a sharkfin which you can get in the download area set on 2.

One template (AYN LR) is bare bones.....no redundancy.....the other (LINEAR REGRESSION) duplicates the indicators in the lower panels.

Jeff

Jeff,
I am a beginner trader and the one thing I have found is that I need to figure out what type of trader I am. Everyone says it but it doesn't sink in until you get some experience. I first thought, "If they are making money doing that then I will just do the same thing." But I have found the truth: regardless of what works for others it may not work for me and my personality. So I totally agree with your statement about setting up your own templates.

However, the templates are a starting point for reviewing, adjusting, and learning. The templates are appreciated even though I may never take a trade like you. I have learned more on this forum in the past month looking at what other people are doing in the real world than the months before I got here. Thank-you for posting the templates. Thank-you to Big Mike for the forum. Thank-you to all who contribute to those like me that are still at the bottom of the learning curve.

Andrew

November 7th, 2009, 11:38 AM

AR01

Jeff,
I am a beginner trader and the one thing I have found is that I need to figure out what type of trader I am. Everyone says it but it doesn't sink in until you get some experience. I first thought, "If they are making money doing that then I will just do the same thing." But I have found the truth: regardless of what works for others it may not work for me and my personality. So I totally agree with your statement about setting up your own templates.

However, the templates are a starting point for reviewing, adjusting, and learning. The templates are appreciated even though I may never take a trade like you. I have learned more on this forum in the past month looking at what other people are doing in the real world than the months before I got here. Thank-you for posting the templates. Thank-you to Big Mike for the forum. Thank-you to all who contribute to those like me that are still at the bottom of the learning curve.

Andrew

Hey Andrew,

I've got a question for you and any other beginning traders......How long does it take to become a successful trader?

I wish I had known the answer to this question when I started to trade.

Jeff

November 7th, 2009, 11:39 AM

Jeff Castille

Hey Johnny Cash,

Lately I have recieved a variety of comments about this thread. Some like yours " clean and easy to understand" and others that say "I've read to whole thread and I still don't know what you are talking about".......well I wonder......which is it?

So......I'd like to make a request of you and anyone else that cares to respond.(Zoethecus) Post a synopsis of this thread. You don't have to write a book.....just a brief overview of what this thread is about......just the salient points. I would like to see what people come away with after reading this thread.

Thanks so much, Jeff

I've read the whole thread and the the OP states the intent, so there's reason to be redundant.

However, what we see from the first chart to what we see now is materially different, even though it's labeled "price action." The fact is, the indicators are not the same and following along to understand all the changes can be a bit of a headache, especially if one has not been a reader from the inception.

I think it's a very reasonable request for JC and others--myself included--to get a most recent template of what Jeff is showing here almost daily in his trading. It will certainly eliminate many posts about which indicator, settings and other details.

Thank you, Jeff, for accommodating us.

November 7th, 2009, 11:46 AM

Jeff Castille

Hey Andrew,

I've got a question for you and any other beginning traders......How long does it take to become a successful trader?

I wish I had known the answer to this question when I started to trade.

Jeff

Jeff,
I will consider myself successful when I can stop working for "The Man." I have a day job right now and trade before I go to work. But I am still in SIM mode. I don't consider myself successful yet. I believer my journey has been like many others. "There IS that holy grail indicator. I won't be the 95% because I've been successful at everything else I have ever done." I now consider this a life long learning process and I am excited about the challenge.

So what's the answer Jeff? Do you have a template (rhetorical)

November 7th, 2009, 11:50 AM

Here is a modified Sharkfin that suited my strategy requirements to see it in clean hashmarks and it doesn't repaint.

November 7th, 2009, 12:00 PM

these are mine variation of paint bars. It is variation of TTM trend indicator with the addition of reversal colors. In certain situations it works very well.

All you need

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All you need