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All you need

  #941 (permalink)
 
Jeff Castille's Avatar
 Jeff Castille 
Northern California
 
Experience: Intermediate
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Broker: Amp Futures/ Zen-Fire
Trading: YM and CL
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I've been liking the 12 and the 15 range bar charts for the YM these days. Check out this 15 range bar chart. Note that you can choose to trade with the trend or against. (or both I guess)

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  #942 (permalink)
 
alex123's Avatar
 alex123 
Toronto
 
Experience: Intermediate
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indicator or not? I am not a expert yet, but it is all depends on your trading level. I think if someone really need it, can help them to get confidences and feel secure, and help them to get a good one like the sharky "super-dot"; but if you already reached a certain level and don't need any indicators, just pure price action and volume, then do not use them. it is all about individual choice. But does this world have anyone never use any indicators at all from the beginnng, then suddenly become an master trader just using pure price action? I don't think so, at least I never meet such a trader. You need to allow someone to grow and improve like everyone in this world. thank you, just my 2 cents.

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  #943 (permalink)
 
HJay's Avatar
 HJay 
USA
 
Experience: Intermediate
Platform: NinjaTrader
Broker: Mirus/Zen-Fire
Trading: futures
Posts: 147 since Aug 2009



Jeff Castille View Post
I've been liking the 12 and the 15 range bar charts for the YM these days. Check out this 15 range bar chart. Note that you can choose to trade with the trend or against. (or both I guess)


hmm.... 16 trades identified, 14 of which seeming to get 10 points or more on the YM, none of which look to be stop outs.. not too shabby ..

So these dots, they paint when the bar closes, never to repaint again?

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  #944 (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

The only time a dot repainted was if you brought up something on your chart then when the chart came back a previous dot was gone. This is an issue that is being addressed now. If you didn't mess with your chart it was fine....no problem.

Yes, scalpers heaven. The trick has been picking the best chart setting with the best indicator setting.

But again......the indicator is not telling you anything that price is not already telling you.

Jeff

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  #945 (permalink)
 gannman 
Sydney
 
Experience: Beginner
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Jeff Castille View Post

Yes, scalpers heaven. The trick has been picking the best chart setting with the best indicator setting.

But again......the indicator is not telling you anything that price is not already telling you.

Jeff

Jeff/Sharky, those dots look like the goods, excellent work. They may not tell you anyhting price isn't, but they sure help lift the fog.

Cheers
Simon

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  #946 (permalink)
 gannman 
Sydney
 
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sharky View Post
would you pay 500 if you had 90% wins?

Based on what I've seen so far, I'd say probably.

Cheers
Simon

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  #947 (permalink)
 
cunparis's Avatar
 cunparis 
Paris, France
 
Experience: Advanced
Platform: Market Delta & Ninjatrader
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Jeff Castille View Post
So perhaps we can discuss dots.....do we need them or not?

For most of the dots I see a valid reason for the trade based on the price action, most are reversal bars.

What amazes me is that they consistently pick out the trades and pick out some that I would miss and don't pick out some that I would take (that may not be profitable). I'm pretty impressed so far and I don't like indicators in general.

So if one wants to see if they're required, we could take a chart and go trade by trade and see when we'd enter and why.

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  #948 (permalink)
 
cunparis's Avatar
 cunparis 
Paris, France
 
Experience: Advanced
Platform: Market Delta & Ninjatrader
Trading: ES
Posts: 2,565 since Jun 2009
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alex123 View Post
But does this world have anyone never use any indicators at all from the beginnng, then suddenly become an master trader just using pure price action? I don't think so, at least I never meet such a trader. You need to allow someone to grow and improve like everyone in this world. thank you, just my 2 cents.

I sincerely regret having ever added an indicator to my chart and I wish I had started with just price.

If I had seen someone posting charts with just price & volume, I may have went this route. Unfortunately I didn't see that for a long time and ended up wasting a lot of time.

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  #949 (permalink)
 
Skid's Avatar
 Skid 
Hammond LA
 
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sharky View Post
would you pay 500 if you had 90% wins?

I would pay a one time fee if I could get 80%
Just as long as the dots stay when they make a call.
I need help still when it comes to price action.
Keep up the good work Jeff/Sharky

Skid

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  #950 (permalink)
 
Jeff Castille's Avatar
 Jeff Castille 
Northern California
 
Experience: Intermediate
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Broker: Amp Futures/ Zen-Fire
Trading: YM and CL
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Skid View Post
One question I have to ask is do you need to watch other markets or just
the one your trading? I have always been told you need to watch the ES
even if your trading something else. What do you all think?

Skid

Hey Skid,

Personally I think that's it's always a good idea to watch the ES no matter what instrument you trade. There will usually be a correlation (ES/YM) or and inverse correlation (ES/ZN)

I have found that the 6 range bar ES seems to track pretty well with the 12 range bar YM. Check it out and see what you think.

Jeff

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