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The PandaWarrior Chronicles
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The PandaWarrior Chronicles

  #521 (permalink)
 Vendor: www.edevaay.com 
Al,India
 
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devdas's Avatar
 
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sometimes i feel both , Oscillator and Momentum can be easily derived from a chain of Trend-Lines...

Harvest The Moon
Nest The Market
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  #522 (permalink)
Elite Member
In the heat
 
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PandaWarrior's Avatar
 
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Cloudy View Post
Sure is a big "Delta Nine Particle Oscillator" cannon!

I wonder if Paul Tudor Jones uses one of these whiz bang indies? I'm just asking because I am sure he has the latest and greatest...

Simplicity is the ultimate sophistication, Leonardo da Vinci


Most people chose unhappiness over uncertainty, Tim Ferris
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  #523 (permalink)
Elite Member
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+25 today.

Had some issues with the rollover procedure today. Got it figured out but it took a while.


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Simplicity is the ultimate sophistication, Leonardo da Vinci


Most people chose unhappiness over uncertainty, Tim Ferris
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  #524 (permalink)
Elite Member
denver, colorado
 
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oscillators

I think of MA's as oscillators. The location of price relative to its EMA "oscillates" and is sometimes "too far" from the EMA (i.e., overbought or oversold). Most oscillators use some type of MA in their calculation.

One way I use EMAs is to think in terms of "trade location". If you are going long and price is relatively far above its EMA, this is what I would call "bad trade location". Conversely if I'm going long and price is way below the EMA, I call this "good trade location". Near the EMA would be "neutral trade location". Not to say that I would not go long with price way above the EMA or, said another way, take any trade based on "Trade Location" - "Trade Location" is just one factor in my decision-making.

Seek freedom and become captive of your desires. Seek discipline and find your liberty. - Frank Herbert
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  #525 (permalink)
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denver, colorado
 
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roll-over

incidentally, I think whether you've got your instrument set to "mergebackadjusted" or "do not merge" in the instrument manager screws up charting during roll-over in ninjatrader.

Seek freedom and become captive of your desires. Seek discipline and find your liberty. - Frank Herbert
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  #526 (permalink)
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Surly View Post
I think of MA's as oscillators. The location of price relative to its EMA "oscillates" and is sometimes "too far" from the EMA (i.e., overbought or oversold). Most oscillators use some type of MA in their calculation.

One way I use EMAs is to think in terms of "trade location". If you are going long and price is relatively far above its EMA, this is what I would call "bad trade location". Conversely if I'm going long and price is way below the EMA, I call this "good trade location". Near the EMA would be "neutral trade location". Not to say that I would not go long with price way above the EMA or, said another way, take any trade based on "Trade Location" - "Trade Location" is just one factor in my decision-making.

That's funny but I understand your logic. I think of MAs as flexible trend lines......not sure if that is a valid way to look at them but its odd how many times they tend to line up with a solid hand drawn one.

Simplicity is the ultimate sophistication, Leonardo da Vinci


Most people chose unhappiness over uncertainty, Tim Ferris
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  #527 (permalink)
Elite Member
Des Moines, Iowa
 
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PandaWarrior View Post
That's funny but I understand your logic. I think of MAs as flexible trend lines......not sure if that is a valid way to look at them but its odd how many times they tend to line up with a solid hand drawn one.

DYNAMIC trend lines...

dont believe anything you hear and only half of what you see

¯\_(ツ)_/¯

(╯°□°)╯︵ ┻━┻
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  #528 (permalink)
Market Wizard
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madLyfe View Post
DYNAMIC trend lines...

Agood insight imo...Something ive been doing lately, is to look for a trendline that will fit with the 21 ema.After 2 weeks on the 5 min, with the 21 ema, i believe the ema is solid enough...if it is backed up by a TL, it is very good.We draw our trendlines in real time, and sometimes realize later, that we missed a TL that did match well with the ema.Is this bending the TL to fit the ema?Darned if i know...its more like choosing different candles to use for the TL.(or, using tais/wicks vs bodies only.I dont think it matters...I think finding the correct TL is important,...and just like atm mgmt is a grey area(unique to every trader), maybe TLs are also.I watch PAT recaps on his es trades , and he is very good...to see him draw the TLs is good info, imo...By the way, great job Pandawarrior on the trading....something i was pondering this weekend, when away from the computer....you broke to the next level, profitability live.And had some very good weeks.I believe that some pf the days you have had these last few weeks were just part of the process.Markets change, sometimes easier/harder..whatever...it doesnt matter...at month end...youre green.

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  #529 (permalink)
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bobarian View Post
Agood insight imo...Something ive been doing lately, is to look for a trendline that will fit with the 21 ema.After 2 weeks on the 5 min, with the 21 ema, i believe the ema is solid enough...if it is backed up by a TL, it is very good.We draw our trendlines in real time, and sometimes realize later, that we missed a TL that did match well with the ema.Is this bending the TL to fit the ema?Darned if i know...its more like choosing different candles to use for the TL.(or, using tais/wicks vs bodies only.I dont think it matters...I think finding the correct TL is important,...and just like atm mgmt is a grey area(unique to every trader), maybe TLs are also.I watch PAT recaps on his es trades , and he is very good...to see him draw the TLs is good info, imo...By the way, great job Pandawarrior on the trading....something i was pondering this weekend, when away from the computer....you broke to the next level, profitability live.And had some very good weeks.I believe that some pf the days you have had these last few weeks were just part of the process.Markets change, sometimes easier/harder..whatever...it doesnt matter...at month end...youre green.

i know you've been working on your trading with the trend lines for a bit and to offer a suggestion about them.. they way your are doing them is fine, but i would start your day out on a 15min chart(or whatever size, maybe 60) and mark up your lines on that for the big picture. draw in your wedge, channel single trend lines, etc.. make sure they are set to global and a diff color than your 5min trend lines.. then go about your business as you would normally..

if you get to the tops of wedges and channels look for sells.. look to sell on breakouts of those HTF patterns at prior swings in anticipation of channel/wedge reentries.. and then look for buys off those lines to continue higher if pattern reentry fails.. the revers is true for the opposite side of the patterns.. and stay out of the middle of the patterns as price is choppy in these areas..

i find this places are really prime areas to pick up trades that fall into your(anyone's) 'system' during the day.. this will also fall inline with keeping it simple and keeping the charts simple.. just some food for thought..

dont believe anything you hear and only half of what you see

¯\_(ツ)_/¯

(╯°□°)╯︵ ┻━┻
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  #530 (permalink)
Elite Member
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PandaWarrior View Post
PFGBEST has several platforms, among them is this MotiveWave: Stocks, Futures, Options and Forex Trading/Analysis Platform this platform appears to have many of the features I would like in a trading platform but the one that stands out the most is native OSX compatibility. This just changed the dynamics of my trading world. If this platform is good and works well on my Mac, I may have the best of everything!

PFGBEST also supports Mac, who knew!

Looks like I will be engaged in a demo on my Mac for the next month.


Brian
I might have missed it, but what was the end result of your trial of MotiveWave? Did it measure up to what you need? Is it a viable option for trading with a MAC? Thanks
Papa15

My focus is on:
1. Avoid the opening chop.
2. Honor stops
3. Ensure reward > risk on all trades
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