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The Pandawarrior Chronicles II


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The Pandawarrior Chronicles II

  #41 (permalink)
Legendary Market Wizard
Columbus, OH
 
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Silvester17's Avatar
 
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indicators:

@TheWizard,

the first indicator in the download section (ninjatrader 7):



also, why use old version when there were several updates:

anaOpeningRangeV38 is now V42 and since using a tick chart the mtf version would make even more sense:



anaVolatilityBandsV30 is now included in the sessionPivotsV42 family (anaCurrentDayOHLV42):




and most important don't forget:

If you like this journal and find it valuable to you, please click here and hit the thanks button. Unfortunately you can only thank me once in the voting thread but you can thank me all you like here....take care and hopefully this is helpful.


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  #42 (permalink)
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Silvester17 View Post
indicators:

@TheWizard,

the first indicator in the download section (ninjatrader 7):



also, why use old version when there were several updates:

anaOpeningRangeV38 is now V42 and since using a tick chart the mtf version would make even more sense:



anaVolatilityBandsV30 is now included in the sessionPivotsV42 family (anaCurrentDayOHLV42):




and most important don't forget:

If you like this journal and find it valuable to you, please click here and hit the thanks button. Unfortunately you can only thank me once in the voting thread but you can thank me all you like here....take care and hopefully this is helpful.


I like the older versions better. They do less things which means less processing for my machine to do, less things I have to set to transparent because I only use a very small fraction of the indicators capabilities and while @Fat Tails indies are great, I don't like the way they plot certain types of levels...so I use some older stuff because I like it better....

And with regards to the 3/10 indie, I only recently put it on the chart because I was watching the webinar Damon did and thought I would compare my charts with his in terms of the set ups.....so far I have not used it even once in making a trading decision.....which means I will probably remove it in the coming days....on the other hand, I have a MACD on my 15M chart using it to look for divergences and possibly find better entry points on my tick chart......I am having some success with that.....combining with some volume stuff and I think I may have found some added tools to assist me in making better trade decisions.....it remains to be seen however how successful I will be with that.

The point is not making decisions in a vacuum in terms of looking only at this tick chart and its indicator set. I have a daily, a weekly, a 240M and a 15M chart as well as the tick chart.....all have essentially the same indicator sets on them and I'm looking for opportunity across all three of the smaller time frames....once in a while I switch the 15 for a 5 just to see a little deeper into the price action.

All that being said, I trade on a 15 inch laptop and the 800 tick chart gives a pretty decent look at price action, which allows me to have the single chart up most of the time along with my DOM.

The plotted lines provide directional context and the moving averages work more or less like any other moving average set up......especially in trends. You can figure it out from there. I have an opening range play I like to use sometimes and the OR also provides a degree of directional bias.

So like anything else, a great trader can use this and trade really well just like @Silver Dragon said or a poor trader can use it and blow out their account.

Its ALWAYS more about the trader than the system....always.


and like always,

If you like this journal and find it valuable to you, please click here and hit the thanks button. Unfortunately you can only thank me once in the voting thread but you can thank me all you like here....take care and hopefully this is helpful.


Simplicity is the ultimate sophistication, Leonardo da Vinci


Most people chose unhappiness over uncertainty, Tim Ferris

Last edited by PandaWarrior; October 4th, 2014 at 02:28 PM.
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  #43 (permalink)
Legendary Market Wizard
Columbus, OH
 
Experience: None
Platform: NT 8, TOS
Trading: ES
 
Silvester17's Avatar
 
Posts: 3,535 since Aug 2009
Thanks: 4,987 given, 11,210 received



PandaWarrior View Post
I like the older versions better. They do less things which means less processing for my machine to do, less things I have to set to transparent because I only use a very small fraction of the indicators capabilities and while @Fat Tails indies are great, I don't like the way they plot certain types of levels...so I use some older stuff because I like it better....

if you're concerned about the processing for your machine, then this is just another reason to use the newest versions. especially the drawing method is greatly optimized in those newer versions. and also you can more or less set everything to true or false, meaning no need to use transparent (also no processing necessary if set to false).

not to forget the the holiday updates. like the volatility bands indicator has not been updated since 2011.

don't understand "I don't like the way they plot certain types of levels"

if I'm wrong, hopefully @Fat Tails will correct me

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  #44 (permalink)
Site Administrator
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TheWizard View Post
@Big Mike, Tried searching under LBR. Brings up a whole list of LBR310 indicators, some of which I've shared. Nothing relating to Pavlotos, though. I didn't know it was another 'flavor' of LBR310. Thanks.

Damon Pavlatos is Linda's husband, he is using her LBR310. I am not sure what version Panda is using, but it's a simple LBR310 most likely.

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Last edited by Big Mike; October 4th, 2014 at 03:03 PM. Reason: correction
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  #45 (permalink)
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Big Mike View Post
Damon Pavlatos is Linda's wife, ...

Mike

I thought he was her husband.

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  #46 (permalink)
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trendisyourfriend View Post
I thought he was her husband.

LOL



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  #47 (permalink)
Market Wizard
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PandaWarrior View Post
I like the older versions better. They do less things which means less processing for my machine to do, less things I have to set to transparent because

The anaCurrentDayOHLV42 has a higher code efficiency compared to the old VolatilityBands V30. V30 still had a few bugs. There is no advantage sticking to the old indicator. The same applies to the OpeningRange indicators.


PandaWarrior View Post
I don't like the way they plot certain types of levels...so I use some older stuff because I like it better....

You can set any level that you do not wish to see to transparent. Some levels can be individually disabled via the indicator dialogue box.

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  #48 (permalink)
In the heat
 
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Fat Tails View Post
The anaCurrentDayOHLV42 has a higher code efficiency compared to the old VolatilityBands V30. V30 still had a few bugs. There is no advantage sticking to the old indicator. The same applies to the OpeningRange indicators.



You can set any level that you do not wish to see to transparent. Some levels can be individually disabled via the indicator dialogue box.

So I removed the old versions, and applied the new versions...and I remembered why I don't use them...

1. The volatility bands and the anaCurrentDayOHLV42 have lots of different things I don't use. In particular, the only thing I use is the ADR calculations....and I happen to like the way V38 prints the ADR on the chart much better than the new one does. In reality, I'd rather have an indie that only calculates that value and nothing else....I don't use any of the other capabilities of the indie.

2. I was never able to get OpeningRange42 to plot anything...after changing all the settings, nothing plotted. I'm sure its something I've done wrong as I know lots of people use it no problem. The old one works for me so no need to change it.

3. While anaCurrentDayOHLV42 will plot the mid range of the day, I prefer the look of the one I am currently using....

So while I'm sure the new versions are better in terms of functionality, the old ones work for me....I don't need all the extra stuff @Fat Tails bundles into the new versions. I wish I could get all of my indies packaged into a single one with only the specific functions I use included so I could just load one single indicator and be in business.

Simplicity is the ultimate sophistication, Leonardo da Vinci


Most people chose unhappiness over uncertainty, Tim Ferris
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  #49 (permalink)
Houston, TX
 
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Silvester17 View Post
indicators:

@TheWizard,

the first indicator in the download section (ninjatrader 7):


@Silvester17, thank you. I found it. I guess I hadn't visited the Download section in awhile. Nothing new with the LBR 310 / Pavlatos. I still think @Fat Tails anaBlauDSS beats it, hands down. That, coupled with a 50 period CCI seems to give very good entry / exit signals.

After all, it's what you learn AFTER you know it all, that counts!
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  #50 (permalink)
In the heat
 
Experience: None
Platform: Tradeovate
Trading: Energy
 
PandaWarrior's Avatar
 
Posts: 3,162 since Mar 2010
Thanks: 6,324 given, 13,367 received


All signals short this morning except for a head fake long that occurred after price refused to go down after breaking the ORL's. That being said, the long I took was so obviously a head fake that I did a stop and reverse immediately as it broke downward, still it took what seemed like forever for it to finally break down and run a bit.

I was in the short in the exact correct location the first time....but fear took hold and I went BE twice before the long...and the long logic was devastatingly simple...its not going down so it must go up. Plus a trend line break and hold at the previous ledge area....so I took the long even though it fit none of my other rules. So this loss could have and should have been avoided. But in the heat of battle, sometimes you make poor decisions. Where I live, there are lots of Marines and they have a saying, all plans go out the window when the firing starts!. And sometimes it does feel like that.

However, after the long, I got my emotions together well enough to recognize that price was going down even if it took a while and just held the next short. Exited at the break of the swing.

So the way the day should have played out was, first trade short, take profit on first position, BE on the second, Re-short where I took the last trade, take profit on the first position, take profit on the second. Two trades max. Or where I took my last trade, add on to the first one. Either way would have been a smarter way to play this out today.



And on a different note, I replicated the Damon Pavlotos chart on CL using a 50SMA high low channel instead of a 30SMA and put it on a 5M chart. I think he might have something there...



And as always,

If you like this journal and find it valuable to you, please click the link below and hit the thanks button on that post. Unfortunately you can only thank me once in the voting thread but you can thank me all you like here....take care and hopefully this is helpful.


Simplicity is the ultimate sophistication, Leonardo da Vinci


Most people chose unhappiness over uncertainty, Tim Ferris
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