All you need

September 22nd, 2009, 05:45 PM

Jeff Castille

This is a thread that is exploring.......exactly what a trader does or doesn't need to trade successfully. My original thesis was that "simple is better" and that we don't need many or perhaps any indicators to best accomplish the task. I still believe that today. For those who have followed this thread from the beginning you'll see that my chart set up has changed very little........on the surface. However, two important changes have occured. One, the elimination of the 14 HMA. This information is now imbedded in the paintbar study. The remaining 50 EMA is an intermediate moving average that helps give the the market structure. (so one squiggly line left) the other change is the addition of scalper dots....... this is a recent experiment that I have been undertaking with Sharky and the gang. so far so good. As you can see my approach differs a bit from Sharkys.(check out the attached chart) What I did was slow the chart down to a 6 range bar chart and speed the indicator up....(setting 2) I think you can see this worked out pretty well.

Anyway, I am not a moderator but........as far as I am concerned anyone who wants to weigh in with what they think is "All you Need" to trade is certainly welcome to comment.

Thanks, Jeff

Jeff when does this dot print? At the close of the bar that has the dot underneath, or on top of it, which would make entry the open of the next bar? Correct?

Aren't these dots just the Linear Regression reversal indicator? I get the exact same dots as you guys with the only exception being yours are showing 1 bar sooner, which obviously can make the world of difference between a win and a loss. Can you comment on this?

Thanks

September 22nd, 2009, 05:52 PM

well i can tell you its not linear regression in our indicator but we use linear regression to help us test different things in the indicator this is a indicator that takes sharky style trades if we told you what was underneath the hood then we minus well give the indicator to you...sharky

September 22nd, 2009, 05:53 PM

cunparis

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

exactly 100% spot on. i've said this too and agree completely because people start looking to indicator to make decisions for them instead of looking and learning at what is driving the indicator then it becomes all about the best indicator instead of learning about what is driving it!

September 22nd, 2009, 06:37 PM

Skid

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

Skid,

How much would you pay for this (see attached screenshot) ?

!!! See how today's ZN (SIM) trades were correctly triggered with the red and lime green arrows.

Well, well, well; I still have the Renko behaviour challenge. I'm yet to understand the way Renko acts. The arrow triggers is the ........ indy (Oh, it's still in the works

, and the MA line is 21 HMA_Color indy).

If I can overcome the Renko challenge, it will be GREAT !!!!!!!!!!!!!!!!.

Note: The attached screenshot setup took me just 5 minutes. How about that ?

Lolu

September 22nd, 2009, 06:45 PM

exactly 100% spot on. i've said this too and agree completely because people start looking to indicator to make decisions for them instead of looking and learning at what is driving the indicator then it becomes all about the best indicator instead of learning about what is driving it!

im trying to make the best indicator not run a trading school to teach people how to trade...sharky

September 22nd, 2009, 07:04 PM

sharky

exactly 100% spot on. i've said this too and agree completely because people start looking to indicator to make decisions for them instead of looking and learning at what is driving the indicator then it becomes all about the best indicator instead of learning about what is driving it!

im trying to make the best indicator not run a trading school to teach people how to trade...sharky

Sharky is always bluntly clear. He does not want to teach people how to trade.

At ATW (Advanced Trading Workshop), for example, they want to teach people how to trade, not sell indicator. So, Sharky launch the indicator, but at VERY ATTRACTIVE terms and conditions. We appreciate the works and effort on this indy. Meanwhile have a look at my post 954 above.

Lolu

September 22nd, 2009, 07:08 PM

nice chart, i teach people how to trade everyday but thats teaching, this is different im making a indicator and i want it to be used as a indicator,if you want me to teach you i will if you want my indicator then fine but im not telling people how i made the indicator then anyone can copy it with enough time and effort...sharky

September 22nd, 2009, 07:42 PM

lolu

If I can overcome the Renko challenge, it will be GREAT !!!!!!!!!!!!!!!!.

Hi lolu, I like you chart. Here's a website with Renko Bars description. Looks interesting.

[FONT=Times New Roman][SIZE=3][COLOR=#800080]Renko Bars For NinjaTrader[/COLOR][/SIZE][/FONT]

September 22nd, 2009, 07:58 PM

jonesr9

Hi lolu, I like you chart. Here's a website with Renko Bars description. Looks interesting.

[FONT=Times New Roman][SIZE=3][COLOR=#800080]Renko Bars For NinjaTrader[/COLOR][/SIZE][/FONT]

Jones,

Thanks.

I have to grab Steve Nison book "Beyond Candlesticks" for further in-depth understanding of Renko. I also need to be mentored by somebody who is already effectively using it.

Lolu

September 22nd, 2009, 08:05 PM

I'm displaying the "ColorSampleUniversalMovingAverage2.cs" indicator which allows you to change the MA Type, Display Arrows, Change MA Line Colors and Change Arrow Colors. It can be downloaded here under "Download/File Sharing". A very useful indicator to have.

All you need

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All you need