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NEVER LOSE AGAIN!! - TheRumpledOne


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NEVER LOSE AGAIN!! - TheRumpledOne

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  #261 (permalink)
 vast 
Australia
 
Experience: Intermediate
Platform: Ninja
 
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Posts: 167 since Jun 2009
Thanks: 154 given, 62 received

Thanks PTG1 for calculations and explanation.


Can you help answer these questions
from other members on futures io?
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help with take profit several targets
TradeStation
Market on Close data within IB
Platforms and Indicators
Big Mo Indicator for NT8
NinjaTrader
How do I create Strategy with the Second Entry indicator
NinjaTrader
 
 
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  #262 (permalink)
 cunparis 
Paris, France
 
Experience: Advanced
Platform: Market Delta & Ninjatrader
Trading: ES
 
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Posts: 2,565 since Jun 2009
Thanks: 1,162 given, 2,093 received

I just got finished deleting all the off-topic posts about TRO's ban and his return etc. I did leave a few if I felt the poster tried to make a thoughtful post and not just some kind of comeback. I tried to let a few of you get one last word on the matter but I deleted subsequent posts. I hope that makes sense, it took me a while to read them all again and it was quite painful.

Now we can continue the discussion if everyone remains on topic. I'll be deleting any off-topic posts as I think everything that needs to be said has already been said. If I have to spend too much time deleting off topic posts then I will just close the thread as I really don't have time for it.

I think the beginning of this thread contains a lot of useful information and I do not want to see that ruined, I prefer to preserve it as much as I can.

If you want to discuss the rat trades and post examples that would be great. I wanted to practice it a bit but I haven't had time. I hope to be able to contribute to the discussion. And as I said earlier, anyone who really wants to pursue this should probably do so with TRO on his forum.

Thanks for your understanding, and if you have anything off topic to say or complain about, please send it to me via a PM. Thanks.

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  #263 (permalink)
 PTG1 
Nijmegen, NL
 
Experience: Intermediate
Platform: Sierra Chart, JForex
Broker: TP Futures, Sierra Chart data feed
Trading: 6E,6B,ES
 
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Posts: 31 since Sep 2009
Thanks: 9 given, 15 received




If it requires a uniform, itís a worthless endeavor. - GC
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  #264 (permalink)
 TheWizard 
Houston, TX
 
Experience: Intermediate
Platform: NinjaTrader
Broker: Optimus Futures, AMP, CQG
Trading: 6E
 
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Posts: 1,736 since Jun 2009
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websouth View Post


so.... will the last group of posters please post their trades for today and the reason they took them...so we can get on with our previously scheduled show.

I am a wave trader. It was a messy day. 24 pips in the bag on EURUSD... If reasons are not clear from the pict just respond to the post.
Attachment 2509

Websouth, I found this chart to be attractive. What are your indicators / settings. Thanks.

After all, it's what you learn AFTER you know it all, that counts!
 
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  #265 (permalink)
 websouth 
Market Wizard
Perdido Beach, AL
 
Experience: Intermediate
Platform: graph paper
Trading: The shiny stuff
 
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Posts: 1,200 since Jul 2009
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Hey Wiz,
This is going on in a few other threads...
I attached a template to play with. It started with this and then HJay and I cleaned it up to just the frame which he is going to try out in a journal here...



Also you ought to read this thread


you will need slingshot, and wmacolored from the indicator section.

The basic concept is just to trade the waves. Smaller ones are the slingshot 6-12 wma. Bigger ones are the 3 yellow @ 48-60 wma. The largest colored on slope at 160wma. I use a small timeframe and zoom out about as far out as I can....

........... back to the TRO setup...............

One of the things I hope is in Ninja 7 will be the capability like in metatrader to have 1 hr candles overlaid on the top pane with price candles from a smaller timeframe. As you can see by looking at PTG1's setup above it is a neat idea to show what is going on... We always want what we can't have....

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  #266 (permalink)
 wh 
Neubrandenburg, Germany
 
Experience: Advanced
Platform: R
Trading: Stocks
 
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Posts: 538 since Jun 2009
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websouth View Post
Hey Wiz,
This is going on in a few other threads...
I attached a template to play with. It started with this and then HJay and I cleaned it up to just the frame which he is going to try out in a journal here...



Also you ought to read this thread


you will need slingshot, and wmacolored from the indicator section.

The basic concept is just to trade the waves. Smaller ones are the slingshot 6-12 wma. Bigger ones are the 3 yellow @ 48-60 wma. The largest colored on slope at 160wma. I use a small timeframe and zoom out about as far out as I can....

........... back to the TRO setup...............

One of the things I hope is in Ninja 7 will be the capability like in metatrader to have 1 hr candles overlaid on the top pane with price candles from a smaller timeframe. As you can see by looking at PTG1's setup above it is a neat idea to show what is going on... We always want what we can't have....

nice websouth ...

people must forget osc. and others on panel 2 ... n and follow the wave / price.
all what we need are a higher frame and discipline ...

nice weekend

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  #267 (permalink)
 lolu 
Lagos, Nigeria
 
Experience: Intermediate
Platform: NinjaTrader, SierraChart
Trading: Euro Currency & Oil
 
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Posts: 2,542 since Jun 2009
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websouth View Post
Hey Wiz,
........... back to the TRO setup...............

One of the things I hope is in Ninja 7 will be the capability like in metatrader to have 1 hr candles overlaid on the top pane with price candles from a smaller timeframe. As you can see by looking at PTG1's setup above it is a neat idea to show what is going on... We always want what we can't have....

Web,

MT platform has in-built functions that MT platform-based FX Brokers exploit to the disadvantages of traders.

MT Su............... !!! Ninja has heard our prayers. Ninja 7 must be it.

Lolu

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  #268 (permalink)
 PTG1 
Nijmegen, NL
 
Experience: Intermediate
Platform: Sierra Chart, JForex
Broker: TP Futures, Sierra Chart data feed
Trading: 6E,6B,ES
 
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Posts: 31 since Sep 2009
Thanks: 9 given, 15 received


lolu View Post
Web,

MT platform has in-built functions that MT platform-based FX Brokers exploit to the disadvantages of traders.Lolu

Not all FX brokers pull that trick. Check out ECN brokers, and in particular MB Trading. Caveat emptor is valid for ALL brokers, regardless of trading platform and instrument.


If it requires a uniform, itís a worthless endeavor. - GC
 
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  #269 (permalink)
koganam
Garner, NC/USA
 
 
Posts: 39 since Dec 2009
Thanks: 16 given, 42 received

Amen. I just wish everyone knew how long it took me to learn it.

The simple truth is that commissions do NOT matter if every trade you make is profitable, even by one tick. The broker MAY end up making more than you, but if every trade is profitable (I know that is NOT possible), then you are paying from your winnings.

If you are so worried about the commissions that you hold on for home runs and keep getting stopped out, then you are paying those commissions from your pocket instead of your winnings. If the trade turns bad, take a 2 tick profit if you can and get out.

If the market turns and goes your original way, so what? Lament ONCE, then forget about it and look for the next trade; there is always another one, and you did NOT lose any money. That is the only important thing.

Most trades are small losers or small winners. Once in a while you get to ride a big winner. Make sure you have more small wins than small losses. You will be surprised at how those small gains add up.

There is only one way to pay minimum commissions. Do not trade at all, and your commissions will be zero. Unfortunately, so will your winnings.

Small wins, a shallow memory: that is the ticket. You need to keep a shallow memory, because your trade journal will keep all that you will need to review later. You DO have a trade journal, right? (Just to be clear, that is a rhetorical question, not one that I am asking directly of TRO).



TheRumpledOne View Post
It is possible to code an automated system that makes money. I have done it. Michal Kreslik has done it. Others have done it.

You have to take advantage of what the computer can do "better" than humans.

Using indicators, in an automated system, is pointless.

Small, quick profits are the key to success. You want to hit singles not home runs.

If you can take 3 - 5 pips, over and over and over again, that will make you rich.


 
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  #270 (permalink)
 cclsys 
Sydney, NS
 
Experience: Intermediate
Platform: Ninja
Broker: Zen-Fire
Trading: TF,S,GC
 
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Posts: 607 since Nov 2009
Thanks: 248 given, 393 received


Maybe I posted this here a while back. If so, apologies. On reading this thread some time ago, I put together an 'AshRat' indicator that simply plots the entry point following each bar. i.e. if the bar is an up bar, the next entry pt is 1 tick above it. Also plots where the stop/reversal will be.

I also have RangeBarHighLow projecting where the bar will end and with Renkos you can do this easily. Also Renkos (using SbS Renkos) are a reversing indicator which makes it that much better for Rat-type trading.

For some reason the RBHL is printing two dashes in each plot, one the desired color and one a white thing. No idea why. But it handy with Range bars (when working properly which it used to last time I loaded it!).



Chart: in my color scheme, bull is gold/yellow, bear is blue. So the gold hash marks are buy entries (Rat style) and the steelblue hashes re sell entries. The outer lines are based on Donchians and designed to help determine when trading with longer trend or not. If market is making lower lows or higher highs only one will plot. If sideways there will be both. They are not necessary, but there they are.

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