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All you need

  #2191 (permalink)
 wgreenie 
Cambridge, Ontario
 
Experience: Intermediate
Platform: NinjaTrader
Broker: Zen-Fire
Trading: 6E
Posts: 1,778 since Dec 2009
Thanks Given: 1,258
Thanks Received: 1,203

I finished going through the whole thread.

My heartfelt thanks to Jeff for starting it + his on-going sharing

My admiration to the inidcator coding heroes/heroines Sharky, Zeller, Dragon, Cunparis, Big Mike and .. .. .. (It's a big challenge to state all names here and please forgive me.)

My appreciation to the contributors who share their trading experiences and knowledge

I'm overwhelmed and will explore the possibility of using AYN for trading YM/ES (will use the KP system for the interim). I really love the clean charts with a few effective indicators for trending/entry! Thank you All!

Beth

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  #2192 (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


lolu View Post
Jeff,

Please, do you have any guide on how to use or setup the 34EMA_Colors to allay my fears on at least, the 34EMA_Colors indy.

Lolu

Hi Lolu,

I like to use the 34 EMA to keep me on the "right side" of the market. Obviously trades on one side of the 34 EMA or the other will be trend trades. This is not to say that you will never use counter trend trades but that is another subject. (I love 1-2-3 reversals)

For your trend trades you don't need to be so worried about a moving average color repainting as good trend trading waits for the market to "declare" itself first then waits for pullbacks for entries.

In an effort to simplify my chart I have recently been working on having the Zeller/Sharkfin paint dots one color for with the trend and another color (or transparent) for counter trend signals. In this way I don't even need the moving average itself on the chart. Although this is a personal project that I am not giving away at this time I share the concept here in the hope that it will inspire you and others to create systems and indicators for themselves.



Here are a few trades from this afternoon.

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  #2193 (permalink)
 
cclsys's Avatar
 cclsys 
Sydney, NS
 
Experience: Intermediate
Platform: Ninja
Broker: Zen-Fire
Trading: TF,S,GC
Posts: 605 since Nov 2009
Thanks Given: 248
Thanks Received: 393


Well, that is just a lovely chart. Both in terms of clarity/simplicity, and trades taken.

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  #2194 (permalink)
 
cunparis's Avatar
 cunparis 
Paris, France
 
Experience: Advanced
Platform: Market Delta & Ninjatrader
Trading: ES
Posts: 2,565 since Jun 2009
Thanks Given: 1,162
Thanks Received: 2,093


cclsys View Post
Well, that is just a lovely chart. Both in terms of clarity/simplicity, and trades taken.

I agree. Jeff makes it look so simple but when I try it real time I find it's not so simple. And I don't understand why. I've been trading CL with range charts almost exclusively for 3 weeks now and I've made progress. I hope to start posting some charts soon, now that I start to have a track record of profitability (barely).

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  #2195 (permalink)
 
lolu's Avatar
 lolu 
Lagos, Nigeria
Market Wizard
 
Experience: Intermediate
Platform: NinjaTrader, SierraChart
Trading: Euro Currency & Oil
Frequency: Daily
Duration: Hours
Posts: 2,552 since Jun 2009
Thanks Given: 1,049
Thanks Received: 1,678


Jeff Castille View Post
Hi Lolu,

I like to use the 34 EMA to keep me on the "right side" of the market. Obviously trades on one side of the 34 EMA or the other will be trend trades. This is not to say that you will never use counter trend trades but that is another subject. (I love 1-2-3 reversals)

For your trend trades you don't need to be so worried about a moving average color repainting as good trend trading waits for the market to "declare" itself first then waits for pullbacks for entries.

In an effort to simplify my chart I have recently been working on having the Zeller/Sharkfin paint dots one color for with the trend and another color (or transparent) for counter trend signals. In this way I don't even need the moving average itself on the chart. Although this is a personal project that I am not giving away at this time I share the concept here in the hope that it will inspire you and others to create systems and indicators for themselves.



Here are a few trades from this afternoon.

Jeff,

GREAT style ! GREAT setup. With this approach and idea, we'll eventually have a "nakedly" chart. I wait with great expectation when you'll publicly share this project with us. Meanwhile, I'll start some tweaking exercise based on this concept.

Lolu

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  #2196 (permalink)
 
lolu's Avatar
 lolu 
Lagos, Nigeria
Market Wizard
 
Experience: Intermediate
Platform: NinjaTrader, SierraChart
Trading: Euro Currency & Oil
Frequency: Daily
Duration: Hours
Posts: 2,552 since Jun 2009
Thanks Given: 1,049
Thanks Received: 1,678

Jeff,

I can't seem to get "Zeller/Sharkfin" paint dots on panel 1. It paints them on lower panels (panel 2, 3, ...). Or, is this one of those things you don't want to share at this time ?

Lolu

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  #2197 (permalink)
 
Dragon's Avatar
 Dragon 
Bellingham, WA
 
Experience: Intermediate
Platform: Ninja
Broker: Zen-Fire
Trading: 6E, CL
Posts: 491 since Aug 2009
Thanks Given: 747
Thanks Received: 259


Quoting 



Here are a few trades from this afternoon.

More of this please.

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  #2198 (permalink)
 ikew 
ny
 
Posts: 39 since Oct 2009

Same here.

The entries do not look like 1.2.3.
The big red dots prints after bar close
Not clear how this chart and marked entries are any help to understand Jeff's method that seem so clear after the fact.

Hope that jeff will light some input.


cunparis View Post
I agree. Jeff makes it look so simple but when I try it real time I find it's not so simple. And I don't understand why. I've been trading CL with range charts almost exclusively for 3 weeks now and I've made progress. I hope to start posting some charts soon, now that I start to have a track record of profitability (barely).


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  #2199 (permalink)
 
cunparis's Avatar
 cunparis 
Paris, France
 
Experience: Advanced
Platform: Market Delta & Ninjatrader
Trading: ES
Posts: 2,565 since Jun 2009
Thanks Given: 1,162
Thanks Received: 2,093


ikew View Post
Same here.

The entries do not look like 1.2.3.
The big red dots prints after bar close
Not clear how this chart and marked entries are any help to understand Jeff's method that seem so clear after the fact.

Hope that jeff will light some input.

I didn't mean it like that and I disagree with what you wrote. Often I notice that I took the same trade as Jeff, so that means it can be done (and I'm not using any indicators). This is encouraging.

But where my trades usually differ is that I miss a trade that was a winner for Jeff and/or I take a trade that he didn't and it ends up being that it was a loser. So I'm working on this: avoid losers and don't miss winners. And that's what I meant when I said it's not easy. Taking breakouts is easy. Knowing when to take them and when to sit out is not.

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  #2200 (permalink)
 ikew 
ny
 
Posts: 39 since Oct 2009


Disagree with what? that its not easy? that they are not 1,2,3 entries? that we need Jeff's input to understand and read the chart the way HE reads it? (I wish we could...)




cunparis View Post
I didn't mean it like that and I disagree with what you wrote. Often I notice that I took the same trade as Jeff, so that means it can be done (and I'm not using any indicators). This is encouraging.

But where my trades usually differ is that I miss a trade that was a winner for Jeff and/or I take a trade that he didn't and it ends up being that it was a loser. So I'm working on this: avoid losers and don't miss winners. And that's what I meant when I said it's not easy. Taking breakouts is easy. Knowing when to take them and when to sit out is not.


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