All you need

November 2nd, 2009, 10:17 PM

Sharky got me thinking about linear regression....the basis of the Sharkfin paintbar study. It seems that the 21 linear regression can be used as a directional filter with the sharkfin on 2 for pullbacks (re-entries)

On this chart I've got the linear regression in panel one as a line and panel two as a hash. Yes I know it's redundant but I need a little extra reminder to stay on the right side of the market. Panel 1 has the Sharkfin paintbar study and panel 3 has the corresponding dot/line.

Same approach.....different indicators.

Jeff

November 2nd, 2009, 11:05 PM

Jeff Castille

Sharky got me thinking about linear regression....the basis of the Sharkfin paintbar study. It seems that the 21 linear regression can be used as a directional filter with the sharkfin on 2 for pullbacks (re-entries)

On this chart I've got the linear regression in panel one as a line and panel two as a hash. Yes I know it's redundant but I need a little extra reminder to stay on the right side of the market. Panel 1 has the Sharkfin paintbar study and panel 3 has the corresponding dot/line.

Same approach.....different indicators.

Jeff

Jeff,

Which "line regression" indy do you have as a line in Panel 1, and as hash in Panel 2 ?

Lolu

November 2nd, 2009, 11:11 PM

pretty intriguing as my trix indicator only has 2 stages either up or down but it shows divergences.

November 2nd, 2009, 11:45 PM

lolu

Jeff,

Which "line regression" indy do you have as a line in Panel 1, and as hash in Panel 2 ?

Lolu

The Linear Regression used in panel 1 and 2 is the Lin_Reg_color_Paint_v01.....I believe that this indicator is in one of the Sharky packages.

November 3rd, 2009, 01:48 AM

Jeff Castille

Hey Skid,

Taking quick profits and reducing risk ASAP is paramount. Right nowI'm debating moving the stop to breakeven +1 after the first target is hit or.......moving it to say -8. In the latter scenario the first target would be +8 and the stop to -8 would result in a breakeven trade at worst (provided the first target is hit) and still give the trade room to play out and reach your second objective. The reason I suggest such an approach is that often a trade is entered upon the break of support of resistance.....when support or resistance is broken more often than not that area will be re-tested. Well...... if you entered on the break of support or resistance...reached your first objective and moved the stop to breakeven +1 the market will come back for the re-test and stop you out making your second objective impossible. Just a thought.....see if your observations corroborate this premise. Let me know.

Jeff

YM I like a 10 and a 15 range bar ( I tend to lean a bit more on the 15 range these days)

My observations definitely corroborate that premise. Thanks for the viewpoint.

November 3rd, 2009, 03:04 AM

Nice work Jeff, with the Scalper Dots.. would like to see more of your charts on a regular basis

November 3rd, 2009, 04:56 AM

Jeff Castille

The Linear Regression used in panel 1 and 2 is the Lin_Reg_color_Paint_v01.....I believe that this indicator is in one of the Sharky packages.

Jeff, I can't find the "Lin_Reg_color_Paint_v01" indy in this forum. Please, could you send it to my private mail or give the link to the Sharky package that contains it.

Lolu

November 3rd, 2009, 06:24 AM

Maybe we should look further into the more simpler charts.
Look how EUR/USD future contract is behaving with just the TSS en the HalfHourBreaks.

Jojo

November 3rd, 2009, 09:31 AM

lolu

Jeff, I can't find the "Lin_Reg_color_Paint_v01" indy in this forum. Please, could you send it to my private mail or give the link to the Sharky package that contains it.

Lolu

There you go. I am sure that there are more in the Sharky packages.

November 3rd, 2009, 10:22 AM

Jeff Castille

Went live on CL today.....two winners one loser......still playing with charts.

Hey Jeff, I like seeing you post some CL charts and trying new stuff. You're very creative.

I have a question: Wwhat were your trades? If you took the sharky dots or the shark fin entries you'd be 100%. What were you doing?

I'll check out your charts and see how it works. Thanks for sharing.

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