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Gannman....me too..... that's why I throw this stuff up there so other people won't fall into the same trap that we did.
I can't get back the money that I wasted but I get great satisfactioin knowing that I might have saved someone else an unnecessary expense. I only wish that I had known that I did not have to waste money on magic indicators.
Can you help answer these questions from other members on NexusFi?
This morning I was taking more of a scalpers mentality. Working the all in all out method. I set a 6 point target 10 point stop..... no black swans for me.
Three scalps... three winners.... I'm done. Red rat.
I just wanted you to know that the Paintbar Facatory "iTunnel" that I posted I learned from Damon Pavlatos with FuturePathTrading. He is a very knowledgeable, experienced trader that was kind enough to spend some time with me and walk me through his set ups.
Mind you this was for FREE !!!! (perhaps he was hoping that I might become a client but he had no guarantee of that... and shared anyway)
I'm posting his chart in case anyone is interested.
Some of you may be familiar with Damon (POCKETMAN) who calls an occasional trade on the LBR room.
"Freely you have received.... freely you shall give......"
The white line is the middle of a keltner channel set a 3.5 and 52. Something
I have used for the past 2 years. Would love to program it like the ema with
colors and compare the two, but not a programmer.
Three trades for the day and done. First trade double top and then broke the
trend line. Second trade double bottom and broke. Third nice pull back and
short. I watch the ES and use think or swim for the TICK and up/down volume.
I also draw trendlines. For an anchor I use the ema with colors at a 15 range
kinda like you recommended but instead of price I just use the ema with colors.
As for squiggly lines, hey they make me money so I'll keep them. LOL
Can't make up my mind what I like better YM or NQ.
I had reprogrammed a Keltner Channel when I was studying LBR as she uses the 20 EMA and the stock Ninja Keltner is calculated on and SMA. It was a quick substitute in the code. Perhaps that would work for you.
Good trading, yes we did close to the same trades. The keltner I use was from
fearandgreed.com. They sell you indicators for 700.00 but all they are is
regular indicators disguised. I think we all go down the suckers path as newbies.
A special thanks to Big Mike for this forum and all the people that help out. WTG
