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Koyaanisqatsi Hototo--wldman out of balance
Started:May 14th, 2012 (07:40 PM) by wldman Views / Replies:49,614 / 695
Last Reply:November 1st, 2016 (03:53 PM) Attachments:53

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Koyaanisqatsi Hototo--wldman out of balance

Old June 15th, 2012, 11:34 AM   #161 (permalink)
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Enjoy your vacation, and Happy Fathers Day!

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Old June 15th, 2012, 11:53 AM   #162 (permalink)
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Thanks Mike...

How are your vacation plans coming?

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Old June 15th, 2012, 11:54 AM   #163 (permalink)
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wldman View Post
How are your vacation plans coming?

Looking at renting a place in Costa Rica, and/or a cruise.

Mike

Due to time constraints, please do not PM me if your question can be resolved or answered on the forum.

Need help?
1) Stop changing things. No new indicators, charts, or methods. Be consistent with what is in front of you first.
2) Start a journal and post to it daily with the trades you made to show your strengths and weaknesses.
3) Set goals for yourself to reach daily. Make them about how you trade, not how much money you make.
4) Accept responsibility for your actions. Stop looking elsewhere to explain away poor performance.
5) Where to start as a trader? Watch this webinar and read this thread for hundreds of questions and answers.
6)
Help using the forum? Watch this video to learn general tips on using the site.

If you want
to support our community, become an Elite Member.

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Old June 15th, 2012, 11:59 AM   #164 (permalink)
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Manuel Antonio...

muy bonita! Quepos ir de pesca. Costa Rica viajes de naturaleza. Cervesa fria!...Just do it Mike

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Old June 17th, 2012, 07:31 PM   #165 (permalink)
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wldman View Post
@traderf1

I am happy to hear that you enjoy and may benefit from the posts here.

Absolutely critical in this business that you recognize when conditions are against your position AND kill the loser little. Almost everyone knows right away when the tape is against them. Most tend to hold their view and remain certain that they are correct and that the market will come around to their view. That is insane. Even worse is the notion that suspends reality and convinces someone to "double up" on a loser to average their price. That is for LOSERS! Never ever average a loser. If you learn to add to winners and lock profits as you go, you will bank a tall stack real quick.

Exactly right on the "off days". In the trailing 12 months I have had 14 losing days. Granted there are many days (50-60) on which I did not trade, but here is the deal. I suggest that you journal every trade. Go back and study the how and the why and spend twice as much time looking at the losers. The losers hold the lessons. Make it your mission to eliminate or improve the worst 20% of your trades. In time you will be looking at exits on winners. It sounds strange, but your cognitive rubric will become focused on avoiding or extending little winners. You will become aware of risk/reward set ups in a a different way. I can explain that in detail later if you'd like.

As for this template and what is displayed. The actual "trigger" is a bar close above or below the modified bollinger bands. The acci zero line cross very often is the final set up indicator and I do like those to be co-incident. So yes the inner blue channel is a 21 period bb at .25 standard deviations. Those outer bands are a very interesting story. They are simply two incidents of keltner channel, 36 period, 3x the period atr...the outer band 4.32x atr.

My intent in the thread was two fold. I did not plan to lay out indicators or settings or application of trade logic until someone asked. So I am happy that you did that. Tomorrow I depart for a few weeks and I will not be posting. However, when I return I will pick that up and go through each of the elements here and give the why and the how of it.

3 or 4 nice trades in there today before 8am

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I like your use of the BB and Keltner. How do you hide the anaKeltner centerline plot? I played around with various Keltner settings and also played a bit with the code, but the centerlines still plot.

thx

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Old July 3rd, 2012, 09:00 AM   #166 (permalink)
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I do not know...

@hunter548

let me check on that.

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Old July 3rd, 2012, 09:07 AM   #167 (permalink)
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Okay guys...

I'm back from vacation...for now. The power was off here all weekend, just came back on in time for Independence Day. I will be out the rest of the week and then possibly at Boy Scout camp next week....so I do not think I will be too aggressive today.

The guy I visited in Colorado is a former CME guy still active with some bank and fund customers. He had a great week followed by a less than sterling week with this method last week. Since we both have our hands full trading is, at most, a back story this week. I feel slow, and dumb...clearly the fool as I have not seen or heard markets or news in over two weeks.

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Old July 3rd, 2012, 09:10 AM   #168 (permalink)
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bollinger mid line

@hunter548

Hunter-

The version I am using for bands allows me to set the mid or MA line to the same color as the chart background.

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Old July 3rd, 2012, 09:17 AM   #169 (permalink)
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Keltner not Bollinger

Sorry about that.

I am not sure how I am hiding the center line or MA on the Keltner. We can ask @Fat Tails about that as he is the contributor of that great tool.

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Old July 3rd, 2012, 09:26 AM   #170 (permalink)
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@wldman:

The current indicator does not allow you to do that.

I have recently coded a modified version of the Bollinger Universal, and I could quickly add the same features to the Keltner Universal. Before I do that could you please check that the Bollinger Universal as attached suits your need?

Also I remember that I had promised to code something for you a couple of days ago, but I cannot remember what it was....


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