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RodS ZN trades using Sharkys "power of 7" DMA paint


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RodS ZN trades using Sharkys "power of 7" DMA paint

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  #11 (permalink)
 jimbob42 
Massachusetts, USA
 
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excellent
thanks

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  #12 (permalink)
 RodS 
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Experience: Beginner
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Broker: Mirus/Zen-Fire
Trading: 6E,TF,YM,NQ
 
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Posts: 88 since Jun 2009
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Hi Jim,

Yes all the indicators are in download section. You can go to Sharkys chart setup for the details.



The ADXVMA is in the download section as well. If you use the latest you shouldn't have any issues.

The last indicator is one Sharty and Big Mike put together. You do have to chose to put it in the third panel.

I am on a different computer but I will post pictuers of my setup if you need it.

Rod

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  #13 (permalink)
 jimbob42 
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that would be great
thanks

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  #14 (permalink)
 RodS 
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Hi Kirk,

Are you talking about my 1 minute chart? I just watch the video from....sorry i can't remember would did this. I have to go but I will link it for you later.

On my entries I usually do click right on my target price. I really haven't had an issue about getting filled.

Rod

BTW I use the static DOM.

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  #15 (permalink)
Neal
Dallas
 
 
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Per my previous post:

"When I watch my charts, the DMA turn is unknown until the completion of the bar after the turn, and the completion of that bar is not known until the open of the next bar. So, if the DMA turn occurs on Bar0, the open of Bar2 identifies/confirms that turn.

I must be missing something because your executions show you identify the turn more timely. "

Your charts show entries and exits based on the bar at the turn. How do you know it is the turn at bar close? The timing makes a difference especially in smaller moves and chop.

Example:
On the 4 Range chart:
7:28 (ET) bar is an up DMA bar - its DMA value is greater than the prior bar, even though it closes on its low
7:31 bar is the first down DMA bar - its value is less than the prior bar, and you do not know it is a down DMA bar until it closes, which effectively happens on the open of the following 7:34 bar at 115'295.
It seems to me that 115'295 would be the entry after the turn. You identify a short at 115'310 - 3 ticks better.

Please help me understand our difference.
Thank you,
Neal

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  #16 (permalink)
 RodS 
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Hi Neal,

I believe you are still looking at the chart from 6/26/09?
My initial entry that day was @ 6:46 EST not 7:28 EST. Sorry if this may have thrown you off as I had my text next to my arrow and not below it.
The DMA had changed direction/color in the time span from 6:02 EST -6:21 EST.
This gave me plenty of time to enter when i did @ 115'310. There was a pull back at 7:28 but the DMA never changed color so I didn't exit the trade.
I did exit the trade @ 8:30. I put the arrow on thre wrong candle on the chart. I had it over the green candle @ 8:27 but should have been over the red candle @ 8:30.

I hope this clears this up.

Thanks

Rod

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  #17 (permalink)
 RodS 
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Hey Kirk,

Here is the link to TAJTrades thread.



The link to the video is dead though. It appears you have the same setup based on your replies within his thread. Do you need the fib #'s?

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  #18 (permalink)
Neal
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Posts: 23 since Jun 2009
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Rod,

My apologies for making the last post confusing. I was referring to the 6/30 chart. I am on Central Time, so I accidently subtracted one hour for ET, instead of added one hour.

I know that has made this exchange confusing.
If you have a moment, can you consider my comment in light of the 6/30 chart at 9:28 forward?

Thanks,

Neal

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 zeller4 
Orlando Florida
 
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RodS View Post
Hey Kirk,

Here is the link to TAJTrades thread.



The link to the video is dead though. It appears you have the same setup based on your replies within his thread. Do you need the fib #'s?


RodS View Post
Hi Kirk,

Are you talking about my 1 minute chart? I just watch the video from....sorry i can't remember would did this. I have to go but I will link it for you later.

On my entries I usually do click right on my target price. I really haven't had an issue about getting filled.

Rod

BTW I use the static DOM.

Yes, I'm asking about the 1 minute with the ORP with price levels and fib #s plotted on the line. I have a copy of one I'd made but not like yours since the builtin fib ext script I was trying to use in the script doesn't work. Is yours manually setup with fib tool on the opening range plot?
thanks for your help and this insightful thread.
Kirk

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  #20 (permalink)
 RodS 
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Posts: 88 since Jun 2009
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Hey Neal,

Not a problem. I went ahead and posted my 1 minute chart during this time frame to maybe illustrate a little better. You are correct that the DMA hasn't comitted to the color change until the 2nd to 3rd candle. The change did occur between 9:31 EST - 9:34 EST. My actual entry was 9:32 EST and i used my 1 minute chart to confirm my entry today.

One thing that does help in my entry is the DMA is set to false on bar close. This does give an advanced signal as to which way it may be heading. The DMA will twitch the color change. You must really watch out if you use this though as it will give fake outs as well. But using the 1 minute helped confirm the entry.

This is pretty much what I did today.

Rod

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