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All you need

  #2431 (permalink)
 Trader12A 
New Zealand
 
Experience: Intermediate
Platform: Ninjatrader
Broker: Mirus/Zenfire
Trading: Currencies, YM, CL
Posts: 63 since Nov 2010
Thanks Given: 266
Thanks Received: 31

Hi Jeff

I have read all and each posting in this thread and found this to be a most interesting and informative story to find a simple, high probability trading method. It is indeed interesting that you have returned almost full circle - perhaps this reflects the journey as a trader or perhaps it is a realisation that trading is not really about the entry but more about the exit and making profit. We as traders seem to spend a lot of time trying to define our entry in an endeavour to get in earlier and earl;ier but we ( include books, gurus etc) spend somehat less time looking at money management, risk and position sizing.

I have really enjoyed your journey and it has helped me to fine tune my approach (although I did not find the sharkfin paintbars too sucessful on NT7). My overall approach has been based on a MA crossover with stochastic agreement and entry close to the crossover. I have been using a 4R nogap or a 3 min chart for the 6E, 6B and CL. I trade with a 12 tick loss and a 6 pip profit or if countertrend trading I trade with a 4 tick target (one never knows where a CTT will go !). I do not worry so much about ticks or dollars preferring to focus on making all trades successful trades.

I guess the bottome line is that any approach from tossing a coing to elaborate trade strategies will all get you intot he market the test of areal trader is how well we manage the trade once we are in the market and the only real answer here is to minimise losses and maximise gains.

Anyway ,I just wrote to say many thanks for your thoughts, ideas and guidance and for the enjoyable journey.
Regards and good trading

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  #2432 (permalink)
 
MWinfrey's Avatar
 MWinfrey 
Lubbock TX
 
Experience: Intermediate
Platform: NinjaTrader
Broker: Stage 5 Trading
Trading: CL
Posts: 1,878 since Jul 2009
Thanks Given: 1,450
Thanks Received: 3,335


Trader12A View Post
Hi Jeff

I have read all and each posting in this thread and found this to be a most interesting and informative story to find a simple, high probability trading method. It is indeed interesting that you have returned almost full circle - perhaps this reflects the journey as a trader or perhaps it is a realisation that trading is not really about the entry but more about the exit and making profit. We as traders seem to spend a lot of time trying to define our entry in an endeavour to get in earlier and earl;ier but we ( include books, gurus etc) spend somehat less time looking at money management, risk and position sizing.

I have really enjoyed your journey and it has helped me to fine tune my approach (although I did not find the sharkfin paintbars too sucessful on NT7). My overall approach has been based on a MA crossover with stochastic agreement and entry close to the crossover. I have been using a 4R nogap or a 3 min chart for the 6E, 6B and CL. I trade with a 12 tick loss and a 6 pip profit or if countertrend trading I trade with a 4 tick target (one never knows where a CTT will go !). I do not worry so much about ticks or dollars preferring to focus on making all trades successful trades.

I guess the bottome line is that any approach from tossing a coing to elaborate trade strategies will all get you intot he market the test of areal trader is how well we manage the trade once we are in the market and the only real answer here is to minimise losses and maximise gains.

Anyway ,I just wrote to say many thanks for your thoughts, ideas and guidance and for the enjoyable journey.
Regards and good trading

Take a look at this thread . Very enlightening stuff on the idea that what we do after entering a trade is more important than the entry itself. It may change the way you think about those 2. They aren't mutually exclusive. At least that's the way I read that thread.

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  #2433 (permalink)
 g35pil 
los angeles
 
Experience: Intermediate
Platform: ninja trader
Posts: 158 since Sep 2010
Thanks Given: 135
Thanks Received: 111


Hey guys don't know if its way to late to respond to this discussion but here's my 2 cents. There is something
called TRENDS it happens everyday. Not believing in trends is like saying there is no trend in fashion. Everyone
here working on indicators are like designers trying to find the next trend. When a designer creates something hot
and it becomes a TREND, he makes tons of money. Soon other designers follow that TREND and bank off it.
I think thats what we are trying to do here with these indicators dont you agree? Tro?
I use some of the indicators made here and it has helped in my trading a great deal. I commend you guys keep up the amazing work.
Tro has some good indicators as well, i use one of them on my 1min chart.

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  #2434 (permalink)
 neilzep 
us
 
Posts: 44 since Dec 2010

good thread....thxs Sharky and et al.

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  #2435 (permalink)
 ticnau 
Buderim Queensland Australia
 
Experience: Advanced
Platform: ninja
Broker: AMP/Zenfire
Trading: 6E, 6B, YM
Posts: 89 since Jul 2009
Thanks Given: 121
Thanks Received: 25

Great thread thanks everyone have read it form the beginning took me a couple of days but worth it?

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  #2436 (permalink)
 
Big Mike's Avatar
 Big Mike 
Manta, Ecuador
Site Administrator
Developer
Swing Trader
 
Experience: Advanced
Platform: Custom solution
Broker: IBKR
Trading: Stocks & Futures
Frequency: Every few days
Duration: Weeks
Posts: 50,396 since Jun 2009
Thanks Given: 33,172
Thanks Received: 101,536



This is one of the most highly regarded threads on futures.io (formerly BMT), keep it going

Mike

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  #2437 (permalink)
 Abde 
Stuttgart / Germany
 
Experience: Intermediate
Platform: FlatTrader
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Trading: ES, DAX
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Posts: 533 since Aug 2010
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Hi Jeff,

Thank you for sharing your knowledge with us.
Would it be to much to ask which indicators you use in the attached screen shots which i found here;

and here;


For the first i couldn,t figure out/find the indicator at the bottom. And for the second one I have download the template, but it doesn´t work with NT7.

Best Regards
Abde

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  #2438 (permalink)
 
Big Mike's Avatar
 Big Mike 
Manta, Ecuador
Site Administrator
Developer
Swing Trader
 
Experience: Advanced
Platform: Custom solution
Broker: IBKR
Trading: Stocks & Futures
Frequency: Every few days
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Posts: 50,396 since Jun 2009
Thanks Given: 33,172
Thanks Received: 101,536

All / @Jeff Castille:



The Big Mike Challenge #2 starts in June and is about Teaching Trading Methods. If you wish to participate, please read the above link.

The prize is an iPad 2.

Mike

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  #2439 (permalink)
Volts101
Vancouver BC
 
Posts: 13 since Dec 2010
Thanks Given: 8
Thanks Received: 5


Skid View Post
Hey Cory,


The very first pattern is also my favorite. I have a friend that runs a multi-million dollar fund and he Told me this is what he uses. So I am fond of it.

Good Post

Skid

Just wondering if SKID is still using this pattern #1 of Kevin's.
Seems sooo nice and simple; also if SKID or CORY could advise when best you cancel your order (or do you..?) if there is no quick breakout after the 15 mins....??
Tkx

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  #2440 (permalink)
 
Jeff Castille's Avatar
 Jeff Castille 
Northern California
 
Experience: Intermediate
Platform: Ninja Trader
Broker: Amp Futures/ Zen-Fire
Trading: YM and CL
Posts: 2,109 since Jun 2009
Thanks Given: 1,783
Thanks Received: 3,303



Abde View Post
Hi Jeff,

Thank you for sharing your knowledge with us.
Would it be to much to ask which indicators you use in the attached screen shots which i found here;

and here;


For the first i couldn,t figure out/find the indicator at the bottom. And for the second one I have download the template, but it doesn´t work with NT7.

Best Regards
Abde

Hey Abde,

Sorry for the late reply........some how I missed the post......

In the first pic that you posted.........that is one of the first versions of the CCI that TMFT made for me.......that CCI study resulted in a new thread entitled Jeffs CCI which was recognized in last years nexusfi.com (formerly BMT) best of voting. I still use the CCI today (among other things)......it looks a bit different.....but the same principles apply.....I'll post a pic. the indicator that I use is the CCI4Jeff_Betav8_SMA.......I'll post it for you in the JeffsCCI thread.

The second pic has three things.....two moving averages and a paint bar study......I would guess that the moving averages are 20/50 EMA with the Sharkfin paint bar.

Good trading, Jeff

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