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All you need
Updated: Views / Replies:470,609 / 2,472
Created: by Jeff Castille Attachments:534

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All you need

  #331 (permalink)
Elite Member
Canada
 
Futures Experience: Intermediate
Platform: NinjaTrader
 
Posts: 76 since Jul 2009
Thanks: 175 given, 9 received

Hi, Jeff, do you mind posting your new template? The one I got earlier seems having some differences now.

Thanks!!!




Jeff Castille View Post
Can't wait till next week when the vacationers get back in town. This is like watching paint dry. This slow action is not for me.

Anyway, 4 trades....3 winners,1 loser. +$255.00. Trades are on the charts.


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  #332 (permalink)
Elite Member
Northern California
 
Futures Experience: Intermediate
Platform: Ninja Trader
Broker/Data: Amp Futures/ Zen-Fire
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Jeff Castille's Avatar
 
Posts: 2,119 since Jun 2009
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Tweaked

I've got to run right now... but.... I contunuously tweak my charts to try and improve visability. Different colors etc. etc...... I encourge you to "flavor to your liking."

I'll be back later. Just remember I'm in the PST time zone so the time on my charts might be different than yours.

Jeff

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  #333 (permalink)
Elite Member
Frankfurt
 
Futures Experience: Intermediate
Platform: NinjaTrader
Favorite Futures: FGBL 6E B4
 
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cunparis + jeff,
just as an idea ....
maybe better talk in ticks instead of $$ when talking about the targets/results of trades.
so noone have to think or translate what it means / wich intrument / wich tick-value ... if you write ie +46.85 /-53.15

max-td
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  #334 (permalink)
Trade with the flow
Paris, France
 
Futures Experience: Advanced
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max-td View Post
cunparis + jeff,
just as an idea ....
maybe better talk in ticks instead of $$ when talking about the targets/results of trades.
so noone have to think or translate what it means / wich intrument / wich tick-value ... if you write ie +46.85 /-53.15

Good idea max. I had my NT performance set up to $ that's why. I wil convert to ticks next time.

For me the amount isn't really important, what's important is that it's positive every day. If I could make just $100/day consistently every day then I'd do 50 contracts and be done.

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  #335 (permalink)
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Tucson, AZ
 
Futures Experience: Master
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Jeff Castille View Post
Hey TRO,

I noticed in your previous post that page numbers preceeded some of the quotes. What book are these pages being quoted from?

Also, I remember you as not being a fan of "squiggly lines on your chart" Do you have a bare bones approach that would be useful to those of us who are trying to focus on price action and not indicators?

Thanks, Jeff


Quoting 
Pg 64 - HOW WE DECIDE


HOW WE DECIDE is the title of the book.

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  #336 (permalink)
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cunparis View Post
Jeff - i googled it as instructed and I think it comes from this book:

Amazon.com: How We Decide (9780618620111): Jonah Lehrer: Books

Regardless, the book gets good reviews and could be interesting. I love reading books like this to take a break from trading books.

Don't waste your time reading trading books especially the ones involving technical indicators. I know that sounds funny coming from the guy who has coded over a thousand indicators. Not all indicators are created equal. You do not need indicators to trade. Trading is simple.

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  #337 (permalink)
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This mornings YM trades

Just one trade. 7/11....things are moving too slow for me.... I like to finish the week on a positive note. So..... I'm done. I'll save my "powder" for next week... after Labor Day.

I'm on board with the "point report" rather than $.... so 18 points YM.

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  #338 (permalink)
Trade with the flow
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Jeff Castille View Post
Just one trade. 7/11....things are moving too slow for me.... I like to finish the week on a positive note. So..... I'm done. I'll save my "powder" for next week... after Labor Day.

I'm on board with the "point report" rather than $.... so 18 points YM.

Hey Jeff I took that same exact trade. I also got one at 9:00 before the open. And another that I shouldn't have.

Looks like the indexes are stuck in a trading range now. the friday before a holiday.. shouldn't be too exciting.

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  #339 (permalink)
Elite Member
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Posts: 2,119 since Jun 2009
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Nice job

Right.... but we knew the probability of a range was high because yesterday qualified as a Crabel WS (widespread) day. (Daily Pivots website) I'm wishing I would have taken the 7:18 long....it was a perfect set up....but I just didn't like how slow things are moving and I like to go into the weekend on an up note.

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  #340 (permalink)
Elite Member
Seattle
 
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lolu View Post
Blz,

We never had your rules as detailed as we now have them. That's very good and useful. Now, I have two questions;

1. After the 30 ticks move has been established, the "red dash line" is drawn at this point (i. e. at the level corresponding to the HIGH or LOW of the last candle/bar), which you refer to as the "Initial level I'm watching for breakout". If this line is broken (i. e. probably the first breakout), then the "red dash line" is accordingly adjusted; to reflect a new "level I'm watching for a breakout". Am I correct ?

2. What criteria do you now use to draw the corresponding "red dash line" in the OBV panel ? Is it the volume of the candle at the "level I'm watching for breakout", or some other parameter(s) ?

Lolu

Hey Lolu,

Sorry about the delay. Been kinda busy and a bit under the weather. Probably not even trading today, watching the price action but the day before a holiday weekend is usually sluggish. To answer your questions:

1. You are correct, though I don't draw the red hash line until the pullback begins as I want to know where that swing high/low point of reference is. Once it's breached by a couple ticks I'm in the trade so I don't redraw my red hash line until another setup forms.

2. The red hash line on the OBV is simply to give me a point of reference to see if volume is confirming the breakout. So I'll draw it at a swing high/low point where the OBV may have moved to and retraced a bit. In essence I want to see OBV make a higher high/lower low to confirm that volume is behind the price breakout.

Bear in mind this is still a system in the works. I plan on adding too, subtracting from and refining these rules but ultimately, in my opinion, you have to be able to "see" the price action to intrepret it. As an example look at 6B today at 11 est. It had made a nice move up and had consolidated with resistance at 50. It broke above 50 which would have been a buy signal but immediately retraced. However, leading up to that break over 50 the price action just seemed real lazy and the 6B had already made a pretty dramatic move up within a larger move down.

Good trading.

Blz

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