When I put it on the 'panel' with the indicator MACDBB, it then changes the reference vertical calculation to match the pricing of the bars. For example price on TF is 736.3, so when I put that indi on the MACDBB, the reference on the right side gets changed to 736.3 instead of 0.
I tried then pressing control and dragging, but no luck as after about 350 units the screen goes blank (I think because price hasn't reached down that far historically). However, when I go to change any settings and hit apply, it looks perfect! But after I hit "OK", it then starts using the TF Pricing scale again?
I would like to have this working on my indicator (using the right scale) and my chart.
It works great on the chart!
Last edited by bluemele; November 5th, 2010 at 10:59 PM.
I can't seem to move the charts VERTICALLY using Ninja. So, Cory just passed on the indicator that allows me to drag the bars up/down and even off-screen. I don't know how to do this any other way and if you do, great! Please share.
It moves beautifully to me. I am not doing well with it now, but I have and will again when I get my arms around the changes I have been making.
For me, there is a very limited mindset that will limit your winners. The way my mentors and others using this technique successfully all do is that they let the trades run for much longer than I do.
So, for example, I will usually make 2-5 points (20 - 50 ticks) on a good day. However, my loser days will be 15 - 20 ticks (1.5 - 2.0 points).
However, what I found was I was trading for smaller and smaller wins over time. I went from 3 points to 2 points to 1 point per day. Yuck! When you have 3 - 10 tick winning days and two -20 tick days, well... Not real promising.
So, over the last few weeks I have been working on unraveling the poor trading habits I picked up a few months back (which I did reasonably well with) and focus on being ok and letting it ride for much longer. If I lose 20 give away temporarily 20 ticks, then no big deal as I will make 50-70-90 the next day.
My LONGEST Trade ever was 188 ticks.
My Best day was 220+ ticks (same day) and I have slowly gone downhill from there. Time to start dancing the dance, singing the same melody or whatever comparison I can think up.
TF, CL are my favorites, but for me, I will focus on mastering the TF as I am inches away. It may seem like a long ways, but you can see I am hitting pivot areas and just missing the good days. I will be there soon enough and then consistency will set in.
It is like anything, you get worse before you get better.
You can create an OHC bar on NT6.5 or 7 by adding an SMA1to the 'HiLo' type bar. Then set 'calc on close of bar' to false and display it as a dot or a hash instead of a line. You probably knew that but just in case.....
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That's just the general rules you use i am interested in. I am curious as judging from your entries in the examples posted you seem to favor counter trend entries when the momentum is increasing in the MACD but against you. I can't see how you can win with this procedure but it's difficult to tell judging from a few charts.
Yes, it is pivot trading (counter-trend on smaller trend).
I am supposed to be trading with the trend. That has been the single biggest issue of trading against the larger trend as your indicators will not give as clear an entry on the trend trades. I am getting better at identifying those trends, but even so, counter-trend trading with MACD's is possible.
My mentor has a site that you can see the vids, but I don't want to make it seem like I am pushing his services.
If you had internal access, you could see how effective this is as you will see students videos. I also have videos, but I stretch my indi's across two screens so most people can't figure out how to view the AVI file.
I will see if I can put a video up on screencast.com to share with you an effective day. I am in the middle of changing from shorter term (scalping) to longer term (trending) so I am 'ruffled' at the moment trying to get it through my head.
I also use a couple indi's (just hints) that they do not use.
Thanks for all your help.
BTW, quite a few students are pulling 10 points a day out of the market with little effort. Yes, they have losing days and guess the wrong direction of the trend, but the winners far outweigh the bad. I think the key is the R:R. 1:6...... Pretty good.