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All you need

 
 
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

What is it they say about making sausage..... you wouldn't eat it if you saw how they made it. Well..... I afraid that's how today was. It ain't pretty. However,....... a green day is a green day. Up $205 trading a 2 lot. Terrible choppy day. Lack of disciple.... not even following my own signals.... making stuff up..... using the reversal button several times, over trading. You name it I did it. But like they say about airplane landings......any landing you can walk away from is a good one.

I think this is just a tough time of year to trade. After Labor Day will be better I think.

Definately not proud of my performance today.

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Can you help answer these questions
from other members on NexusFi?
Deepmoney LLM
Elite Quantitative GenAI/LLM
Futures True Range Report
The Elite Circle
Are there any eval firms that allow you to sink to your …
Traders Hideout
ZombieSqueeze
Platforms and Indicators
Exit Strategy
NinjaTrader
 
 
 
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


Jeff Castille View Post
What is it they say about making sausage..... you wouldn't eat it if you saw how they made it. Well..... I afraid that's how today was. It ain't pretty. However,....... a green day is a green day. Up $205 trading a 2 lot. Terrible choppy day. Lack of disciple.... not even following my own signals.... making stuff up..... using the reversal button several times, over trading. You name it I did it. But like they say about airplane landings......any landing you can walk away from is a good one.

I think this is just a tough time of year to trade. After Labor Day will be better I think.

Definately not proud of my performance today.

I finished the morning with +$41. I was doing it seriously. I did the last 90 minutes on sim (morning was sim too) and there was so much chop I decided to play around. I finished -$877!!!! Just goes to show the importance of avoiding chop. and if you want to trade chop, do it on sim.

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 Blz17 
Seattle
 
Experience: Beginner
Platform: NinjaTrader Interactive Brokers
Trading: 6B
Posts: 225 since Jun 2009
Thanks Given: 135
Thanks Received: 270



cunparis View Post
I'm reading that thread, it's great. Very similar to what we're doing here, but without any indicators. That's pretty cool.

From what I've read so far it seems like my observation about it being better to take trades without immediate overhead S&R is better. I'm still reading though.

Yeah I love the simplicity of the system. I pulled everything off my charts and I just move around s/r lines to set up the trades. The only thing I added back on was OnBalanceVolume to confirm the breakouts. I've been using it on 6J, 6E, 6B and CL on 150 tick charts.

Blz

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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

Perhaps, it would be worthwhile to discuss pullbacks and breakouts.

Is there a criteria that we can use to determine when it is best to employ these two different tactics?

What are the pros and cons of each?

How far of a pullback is good?

How far of a pullback is too far?

Do we buy/sell a pullback without seeing evidence that the trend is resuming? ( Or are we waiting for the bus to start leaving the station before we decide to get on..... or does this leave too much money on the table?)

If we wait to "jump on the bus once we see it's definately leaving the station" do we run the risk of being too late and running out of gas before we reach our destination? (target)

Can we assess trend strength and therefore increase the probability that our trade will reach our objective? (market breadth, ticks, ADX)

These are questions that I am trying to answer for my self and would be interested to hear what you have found to be true in your trading.

Thanks, Jeff

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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

Hey cunparis,

I definately think you are right about the 50 ema just being two colors for the ES 4 range bar chart.

I posted one and it seems to clear things up a bit.

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 milford 
ct
 
Experience: Beginner
Platform: NinjaTrader
Posts: 99 since Jun 2009
Thanks Given: 24
Thanks Received: 13


Jeff Castille View Post
Hey cunparis,

I definately think you are right about the 50 ema just being two colors for the ES 4 range bar chart.

I posted one and it seems to clear things up a bit.

Hi Jeff,

What setting are you using for 50 EMA for ES? I don't see any gray in you 50 ema

 
 
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

Hi Milford,

Instead of using the EMA_Colors.........use the ColorSampleUniversalMoving Average.
It's posted on this thread.

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 milford 
ct
 
Experience: Beginner
Platform: NinjaTrader
Posts: 99 since Jun 2009
Thanks Given: 24
Thanks Received: 13


Jeff Castille View Post
Hi Milford,

Instead of using the EMA_Colors.........use the ColorSampleUniversalMoving Average.
It's posted on this thread.

ok. Thanks

 
 
Skid's Avatar
 Skid 
Hammond LA
 
Experience: Advanced
Platform: NinjaTrader
Broker: Ninja Trader
Trading: NQ, ES and SPY options
Posts: 202 since Aug 2009
Thanks Given: 536
Thanks Received: 316

Hey Blz,

I have heard of people using OnBalanceVolume. Could you give us a screen shot to
show what your talking about and how to use it?

Skid

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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


Hey Milford,

Here you go......who ever programmed this indicator mislabeled the rising/falling colors.

Attached Files
Elite Membership required to download: ColorSampleUniversalMovingAverage.cs
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