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All you need
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Created: by Jeff Castille Attachments:534

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All you need

  #1741 (permalink)
Market Wizard
Columbus, OH
 
Futures Experience: None
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Jeff Castille View Post
Hey Silvester,

I took a close look at the two instances that you pointed out......in each case there were 18 YM points from the dot trigger to the maximum possible points. Both trades represent great scalps of 8-10 points (which is what I go for) So.....for me this is good especially for a choppy day.

Jeff

yes if you don't wait for the bar to close, you should be ok.

good luck.

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  #1742 (permalink)
Elite Member
Northern California
 
Futures Experience: Intermediate
Platform: Ninja Trader
Broker/Data: Amp Futures/ Zen-Fire
Favorite Futures: YM and CL
 
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cunparis View Post
Am I correct in that you don't enter on the 15 chart? It's your anchor, so you'd probably be able to enter a little bit before? Or would you wait for the dot on the 15 to have support from the anchor?

In trading the YM......I have been increasingly leaning toward the 15 range bar chart.

To me.....it doesn't lie. I don't like to over trade. I only want the choice moves....and I feel that the 15 range bar gives that to me. It's the "three bears" chart....just right.

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  #1743 (permalink)
Elite Member
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Jeff Castille View Post
Hey Silvester,

I took a close look at the two instances that you pointed out......in each case there were 18 YM points from the dot trigger to the maximum possible points. Both trades represent great scalps of 8-10 points (which is what I go for) So.....for me this is good especially for a choppy day.

Jeff

Jeff, sorry to ask you so many questions but are you finding that the TEMA dot doesn't print until the bar closes or does it print on the beginning of that bar formation, in other words could that TEMA dot repaint or actually disappear before the bar closes?, thereby giving a false entry?

BTW Thanks for all your hard work in this thread

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  #1744 (permalink)
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Keithville LA
 
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cunparis View Post
I just found out the Triple EMA will repaint if the plot type is not set to dot. I use mine as a hash and it was repainting.

Here is the fix (this is for the triple ema dots version but I imagine this part is the same):

 
Code
            if (ma[0] > ma[1] && ma[1] < ma[2] && (Plots[0].PlotStyle != PlotStyle.Dot && Plots[0].PlotStyle != PlotStyle.Hash))
              Up.Set(1, ma[1]);
 
            if (ma[0] < ma[1] && ma[1] > ma[2] && (Plots[0].PlotStyle != PlotStyle.Dot && Plots[0].PlotStyle != PlotStyle.Hash))
              Down.Set(1, ma[1]);
I hate repaints! I know it's necessary for lines, that's why I only use one line (20 EMA) and I duplicate it with hash marks in another panel so that when I'm testing out ideas I'm sure I'm using something that is not repainting.

I hate repaints also. How do I go about adding this.

Skid

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  #1745 (permalink)
Elite Member
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jdella View Post
Jeff, sorry to ask you so many questions but are you finding that the TEMA dot doesn't print until the bar closes or does it print on the beginning of that bar formation, in other words could that TEMA dot repaint or actually disappear before the bar closes?, thereby giving a false entry?

BTW Thanks for all your hard work in this thread

Yes, it is possible for the tema dot to disappear. You could set the calculate on bar close to true and it will not disappear....however you will probably miss the trade. This is especially true on a slower chart. It's nice to have some additional confirmation like the break of a recent swing high/low as shown on todays oil chart

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You know.....I don't worry about repainting that much. I don't like it......but I accept this as a reality. The market is dynamic not static. As such you never know what to expect. You could get the perfect, not re-painted signal and it still might turn on a dime and take you out. Try to get a confluence of events in your favor. Don't just wait for a dot to appear. ( it could just as easily disappear) Monitor intra-day support and resistance along with the daily pivots. And try to trade during the best part of the trading day. The likelyhood of re-painting is lessened when there is strong participation in the market.

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  #1746 (permalink)
Elite Member
Canada
 
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Jeff, thank you as usual for your quality posts.

Do you wait for the blue bar and blue line to finish to enter the position? Or do you enter the position once you see them painting?

Thanks!




Jeff Castille View Post
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If the Triple EMA is blue and you get a blue bar....go long. That is all you had to know today.....and maybe when to take profits.

Jeff


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  #1747 (permalink)
Elite Member
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How to enter


wuolong View Post
Jeff, thank you as usual for your quality posts.

Do you wait for the blue bar and blue line to finish to enter the position? Or do you enter the position once you see them painting?

Thanks!

Actually, I enter two different ways.

Most often I will have a buy or sell stop resting in the market. I have observed the action of the indicators so much that I know what conditions that must be met for the signals to be generated. I place my order at this point and wait to get taken into the market.

Other times I will enter at the market. In this situation the direction has usually been established and I am anticipating a continuation trade. If I get a good pullback I'm ready to jump on the next signal......which is the sharkfin resuming the trend.

I am constantly drawing lines on my chart to identify swing highs/lows and trendlines. No indicator that I have found can do this as well as a trader can do it manually. I find that range bars are particularly well suited for this purpose as they only deal with price....which is all I care about......other than time of day.

I try to think in terms of making new highs or lows....breaking important support or resistance....closing opening gaps....testing yesterdays high/low....testing globex high/low.

Just remember that entry is the easy part.....then comes the important stuff....how to manage your money. When to take profits, when to move your stop up, when to close the trade.

Jeff

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  #1748 (permalink)
Elite Member
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Can anyone please share the version of stepma indicator Jojo is using? The one I have didn't get loaded with this template.

Thanks.



Jojotrader View Post
Back again,

This time my more simplified chart (and Template) for Scalping Purpose.

But be warned, it looks easy (always) but you need to trade out of your comfortzone and buy the pullbacks, and selling the rallies.
Here EUR/USD or 6E12-09 and DAX 12-09 futures contract at SbSRenko 3 ticks.
The best thing about it is still the ADX yellow line....you need to watch this line always, because this is when you need to be on the lookout for trades, if a bigger trend denvelops, I just love this indicator...same for the StepMA.
Keep playing with the settings untill you comfortable with it, here ADX is set to 13.

DIRECTION IS ALWAYS GIVEN BY STEPMA IN THIS CHART.

Use this setting also for YM (Don't forget:You still need 2X chart for bigger picture)

Good Trading.

Jojo

Sharky, Jeff, thanks for the free indicators and the forum, love to hear your comments.
Also, if anyone can add sound alert to the STEPma, I would be greatfull.


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  #1749 (permalink)
VIP Member
Belgium
 
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Hi there,

It should be in the Download section of this forum.
But here it is. (At least I hope so, because I'm not at my trading desk right now....)
Should be the StepMAV71 you need to use.

Jojo

Attached Files
Register to download File Type: zip StepMa_Sharkypkg.zip (3.5 KB, 142 views)
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  #1750 (permalink)
Just starting out...
Melbourne
 
Futures Experience: Advanced
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Jojo how did you go with YM trades today?

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