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All you need
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Created: by Jeff Castille Attachments:534

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All you need

  #1721 (permalink)
Market Wizard
Houston, TX
 
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Jeff Castille View Post
Interesting chart Wiz.......I'm guessing that the TEMA is coloring the bars so what are you using for entry triggers and money management strategy?

Jeff

Jeff, Yes. TripleEMA is coloring the bars. The SMI2_MultiColorWizMod paints the Cyan / Magenta arrows (which, after looking at it for awhile, seem redundant). I may play around with the SMI2 code tonight & color the bars based on the SMIUP / SMIDOWN (blue/red) oscillator line), which tends to trend so that you don't get so many red/blue atlernating price bars. I'm using the d9ParticleOscillator to paint the 'zero line' DodgerBlue/Red "dots" in panel 2, but they pretty much match up with your TripleEMA colors, so I'm not sure they're necessary, either. Like I said, your setup is simple - straightforward - elegant. You may have convinced me to abandon my oscillators! Since I just saw this post of yours today, I have not traded with it yet. I'll give it a SIM try tomorrow & see where might be good places to put stops, although I would imagine a good place for 'catastrophic' stops would be at the prior swing hi/ swing low & then as Yroyal says, just stay 'in the market' and switch direction based on your TripleEMA dots. Tried the Sharkfin, but didn't see that it enhanced your setup. I may play around with it some more.

P.S. I switched to SbSRenko because it 'smooths' out the rough edges of the oscillators more than other bar types I have tried.

After all, it's what you learn AFTER you know it all, that counts!
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  #1722 (permalink)
VIP Member
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This is a very nice forum, I learned a lot last couple of weeks.
Hope you guys seeing all you need....

Thanks and keep it simple.

Jojo

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  #1723 (permalink)
Elite Member
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TheWizard View Post
Jeff, Yes. TripleEMA is coloring the bars. The SMI2_MultiColorWizMod paints the Cyan / Magenta arrows (which, after looking at it for awhile, seem redundant). I may play around with the SMI2 code tonight & color the bars based on the SMIUP / SMIDOWN (blue/red) oscillator line), which tends to trend so that you don't get so many red/blue atlernating price bars. I'm using the d9ParticleOscillator to paint the 'zero line' DodgerBlue/Red "dots" in panel 2, but they pretty much match up with your TripleEMA colors, so I'm not sure they're necessary, either. Like I said, your setup is simple - straightforward - elegant. You may have convinced me to abandon my oscillators! Since I just saw this post of yours today, I have not traded with it yet. I'll give it a SIM try tomorrow & see where might be good places to put stops, although I would imagine a good place for 'catastrophic' stops would be at the prior swing hi/ swing low & then as Yroyal says, just stay 'in the market' and switch direction based on your TripleEMA dots. Tried the Sharkfin, but didn't see that it enhanced your setup. I may play around with it some more.

P.S. I switched to SbSRenko because it 'smooths' out the rough edges of the oscillators more than other bar types I have tried.

The one thing that I think an oscillator is good for is spotting divergence......that's about it. Then there are those days when divergence doesn't seem to mean a thing.....like on a strong trending day. I just got to the point where I had to give them up. I went through MACD, 3/10 oscillator, squeeze, CCI,you name it I tried it. Even if they track price exactly they don't tell me anything that price isn't already telling me. That's why I like a good paintbar study. Then just one good lagging indicator.....some sort of moving average just to keep me oriented.....EMA, Linear Regression, Triple EMA....it doesn't matter that much which one....just something to keep you on the right side of the market. Not too fast not too slow. The "Three Bears Moving Average"......just right.

I did play around with the d9 Particle Oscillator v2 over the weekend......this looks like one fine oscillator I must say. I almost used it today but I could not bring myself to do it.......I'd be watching the oscillator instead of price and that is a distraction for me....and once again.....it wasn't telling me anything that the price wasn't already telling me so......

I am intrigued by the sbs renko though......I am not sure I fully understand them. They sure clean up a chart though. Is there somewhere that I can go a read up on these?

Let me know what your research reveals on the sharkfin (2). I have been using it for entries and it worked very well with the famous shark attack dots. The fast setting on a slow chart works real well.

Jeff

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  #1724 (permalink)
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kronie View Post
I understand this method, however, please clarify what kind of stoploss you run with, because these can be huge.

I have watched TF, EMD, YM, NQ and noticed that pattern. ES does so, but to a different extent. Usually one can hold long like that on 1 car using 2.5x loss/win stop/target. Under those conditions, one would have to have almost $150 loss against a $100 target, and if one allows the trailing stop to go without target, then then follow on would have to move convincingly higher just to secure break even.

Kronie, I am always in the market. Dont use stop losses. I wait for the indicator to reverse signal and take my profit or loss accordingly. This should work on slower charts...

If you are trading with it properly, you should be able to make atleast 8% of the Instrument value in a month...

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  #1725 (permalink)
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TheWizard View Post
Jeff, Here's a shot of the TF for the last few days.

Wiz, where u pulled out this chart from ? :-) Excellent optimization of Chart settings and indicators ! Try to be always IN on this chart and see how it goes...

Impressed by Jeff's indicators, right now playing with LR, sharkfin, triple EMA on my charts.. will report soon

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  #1726 (permalink)
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cl

I was wondering if the first 5 minute thing works for oil? Sometimes.

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  #1727 (permalink)
Market Wizard
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I don't have Sharkfin2. Just the original.

After all, it's what you learn AFTER you know it all, that counts!
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  #1728 (permalink)
Market Wizard
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yroyal View Post
Wiz, where u pulled out this chart from ? :-) Excellent optimization of Chart settings and indicators ! Try to be always IN on this chart and see how it goes...

Impressed by Jeff's indicators, right now playing with LR, sharkfin, triple EMA on my charts.. will report soon

Oh, I just saw Jeff's chart & tried to 'replicate' it with the indicators I had Triple_EMA_Dots_V01, LinearRegressionReversal_V01, and, of course, my SMI2 oscillator.

After all, it's what you learn AFTER you know it all, that counts!
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  #1729 (permalink)
Just starting out...
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yroyal View Post
You should get it on historical data too. You are goofing up somewhere... try loading more historical data and use smaller value settings for MedianRenko. Currently I use SBSRenko charts to trade.. switched last week.

Hi Royal. Nice ideas on your charts, would you be able to post your exact chart settings with exact indicator names?Or post a template? If you already have I cant seem to find it. Thanks

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  #1730 (permalink)
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just curious whether there were any work done on counting the pace of the tape in terms of converting the T&S window into a 3 colored bar graph, to show the speed of the tape, not necessarily the number of ticks, or size of the trade or volume?

there continues to be a healthy discussion (read. argument) over the value of the speed of the tape verses the buy/sell orders on the tape verses just watching the cascading pattern on the tape

as a final decision making factor showing participation levels in the market


thoughts?

any downloads that help in configuring T&S differently? (whether on ninja forums, vip section or otherwise)

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