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All you need

  #2081 (permalink)
 
cory's Avatar
 cory 
virginia
 
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working on the 6R

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  #2082 (permalink)
 steve2222 
Auckland, New Zealand
 
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Jeff Castille View Post

I'm always trying to think of ways to enhance my chart......here's the latest. Nothing new really....just the combination of indicators in panel 2. I've got the 34 ema, the tema 3, and the sharkfin 2 all on that panel.

Hi Jeff,

I found a couple of times I was getting stopped out when taking hi/lo breakouts (even with the other indicators all lining up) as price ended up reversing from an extreme.

So I threw a BB on to the chart (set @ 20 with 2 SDs). So now I won't take an entry (even if everything else lines up) if the entry price is OUTSIDE the BB.

Obviously want to try and minimise indicators in line with your theme of 'All You Need', but I have found the BB useful to keep me out of several losing trades.

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  #2083 (permalink)
 steve2222 
Auckland, New Zealand
 
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cory View Post
working on the 6R

Hi Cory, you got me beat. Did a search on DonMA across futures.io (formerly BMT) and got nothing - what is DonMA?

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  #2084 (permalink)
 
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 cory 
virginia
 
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steve2222 View Post
Hi Cory, you got me beat. Did a search on DonMA across futures.io (formerly BMT) and got nothing - what is DonMA?

it is in download section.

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  #2085 (permalink)
 steve2222 
Auckland, New Zealand
 
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cory View Post
it is in download section.

Thanks Cory, I should have looked instead of relying on a search

What rules are you using to trade it - eg both DonMA's must be same colour?

Have you been testing it for long on 6R?

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  #2086 (permalink)
 eministrader 
ontario
 
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Nice chart Jeff, where can I find the sharkfin 2 indicator???? Thanks

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  #2087 (permalink)
 
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 Jeff Castille 
Northern California
 
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steve2222 View Post
Hi Jeff,

I found a couple of times I was getting stopped out when taking hi/lo breakouts (even with the other indicators all lining up) as price ended up reversing from an extreme.

So I threw a BB on to the chart (set @ 20 with 2 SDs). So now I won't take an entry (even if everything else lines up) if the entry price is OUTSIDE the BB.

Obviously want to try and minimise indicators in line with your theme of 'All You Need', but I have found the BB useful to keep me out of several losing trades.

Hi Steve,

Sorry to hear about the stop outs. Perhaps you would be willing to post a few charts so we can take a look at the trades that got stopped out and offer some suggestions.

Of course I'm sure everyone would like to see your applied use of the BB also.

Jeff

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  #2088 (permalink)
 
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 Jeff Castille 
Northern California
 
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eministrader View Post
Nice chart Jeff, where can I find the sharkfin 2 indicator???? Thanks

The sharkfin is the indicator and the setting is 2. The version I am using has not been released to the public but.......it is no different than the one in the download section....just added a dot and an audio alert and.......still working on it. The paint bars and the lines in panel 2 will work with the original version.

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  #2089 (permalink)
 
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 Jeff Castille 
Northern California
 
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A couple of good examples of 1,2,3 reversals. Remember these are counter trend trades.

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  #2090 (permalink)
 
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 cunparis 
Paris, France
 
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steve2222 View Post
Obviously want to try and minimise indicators in line with your theme of 'All You Need', but I have found the BB useful to keep me out of several losing trades.

Have you found it to keep you out of winning trades? Have you done any studies to see if it's really helping you?

I have found that the faster price moves towards the breakout point, meaning with little or no pullbacks, the more reliable the breakout. I don't have bollinger bands on my chart but I suspect that if price is making a nice run that it could be outside of the band.

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